James Hogan, the president and chief Executive of Etihad Airways, left, and astronaut Buzz Aldrin attend a gala to celebrate the launch of Etihad’s non-stop service between Los Angeles and Abu Dhabi. Jerod Harris / Getty Images for Etihad Airways / AFP

Year in review 2014: A lighter side of strictly serious business



For the most part business is, well, serious business. But forget the big picture for a second – the close-up is where you find the details that give the thing its character. Let us look back at 2014 in business on a small scale, the incidents and anecdotes that mean …

We’re ready for our close-up.

Boston T trouble

Lucy Barnard, our property reporter, was on hand when things went awry at an airline bash in Massachusetts:

Spare a thought for the Emirates Airline president Sir Tim Clark.

Not only did the airline Mr Clark presides over spend an estimated Dh12 million on marketing promoting its new direct route to Boston in March, but it even booked the best-selling artist Enrique Iglesias to sing at an extravagant gala dinner for staff and special guests at the city’s majestic Wang Theatre.

So you would have thought staff in Boston knew who Tim Clark was.

You would have been wrong.

When the heartthrob crooner picked a member of ground staff from Logan Airport to sing on stage with him, he asked her if her boss was in the building tonight.

“Nope,” said the lady in question. “It’s just me.”

“OK,” Enrique persisted. “Is the overall Emirates boss here tonight?”

The lights came up, spotlighting Mr Clark’s table to show Sir Tim and his guests, including the Massachusetts governor Deval Patrick, waving.

The lady nodded.

“What’s his name?” Enrique asked the grinning lady.

“Erm,” she said uncertainly. “I think it’s Jim.”

Cue much hilarity in the crowd which eventually prompted Enrique, in the middle of his smash hit Hero, to announce, "It's Tim, not Jim."

A weighty event

Our retail reporter, Andrew Scott, was caught in the entrails of a vast food show during the first part of the year, but he’s a bigger man for it:

The Dubai World Trade Centre has nine halls that are basically the size of airport hangars, but when it came to Gulfood 2014 in late February, that wasn’t enough.

The organisers had to make use of every possible space, therefore the corridors were used as impromptu selling booths, collapsible tents were erected outside at the entry and exit points and in a strange “back to the future” moment a drone hovered over people’s heads dropping directions to the future of food (depressingly, it turned out to be fries and chips).

Over the three days I attended the event I must have walked 10 kilometres or more and put on at least 3 kilos.

My life as a statistic

When Rob McKenzie, assistant business editor, took part in a Statistics Centre–Abu Dhabi (Scad) survey of spending habits, the number-crunchers wanted to know what precisely was in his food basket:

I had written down Dh117 for groceries. The next day a Scad man phoned. He wanted me to be more specific.

“Groceries, you need to say what they are,” he said.

“Fruits, vegetables,” he suggested.

“Peanut butter,” I said.

“Fruits, vegetables,” he said.

“Peanut butter,” I said.

“Fruits, vegetables,” he said.

“Peanut butter,” I said.

Silence.

Silence.

Silence.

This standoff was turning into a hostage drama, so I did the only sensible thing.

“Fruits, vegetables,” I said.

“Yes!” he said.

“Peanut butter,” I said.

Tanks for all the fish

Lianne Gutcher, yachting correspondent, came across a local variation on the swords-to-ploughshares idea at the Dubai International Boat Show in March:

While the 88-metre Nirvana superyacht undoubtedly stole the show at this year’s Dubai International Boat Show it was a charming marine initiative of the Dubai Police that caught the attention of eco-warriors.

Instead of selling 15 old army tanks for scrap, the force instead used the vehicles to build an artificial reef at a secret location (to deter fishermen) off Dubai’s World Island, Lt Col Tamim Alhaj, the director of environment, health and safety at the general department of services and supplies, announced.

Two months were devoted to cleaning the tanks under the watchful eye of the Ministry of Environment to make sure every potentially harmful substance had been removed before they were taken out to sea.

Now, some months later, at least five species of fish, including hammour, had taken up residence on the reef.

“We are building a whole new ecosystem,” Lt Col Alhaj said, explaining that some marine areas off Dubai are quite poor in terms of eco-diversity.

A second initiative, to start two coral farms, was also going well with fish living at and feeding off the coral, he said.

Over the course of 2014, Lt Col Alhaj expected the coral farm to grow to 1,000 square metres from 40 sq metres. Over time it is expected to become a public tourist attraction.

An offer we couldn’t refuse

Lucy Barnard is our property reporter, but once again she somehow shows up at a glamorous airline bash in the United States, this time in La-La Land in early June:

Etihad Airways pulled out all the stops to celebrate in true Hollywood style the airline’s first direct flights to Los Angeles.

Guests arriving in chauffeur-driven Mercedes in Beverly Hills were welcomed to the grand Beverly House – once the home of publishing magnate William Randolph Hearst, the original Citizen Kane – and a filming location used in The Godfather.

A sit down three-course dinner for 300 guests in the ornate gardens was hosted by the singer and TV star Dannii Minogue while musical accompaniment came from the jazz musician Harry Connick Jr and his band.

And in true LA style, stars were among the guests, with Michael Jackson’s record producer Quincy Jones and the astronaut Buzz Aldrin spotted.

As part of the entertainment, images of the Sheikh Zayed Grand Mosque and the Abu Dhabi skyline were beamed onto the front of the historic house, while Etihad cabin crew served traditional Arabic coffee and dates and guests watched traditional Razafat dancing.

You can’t ever leave home

John Everington, business reporter, finds much evidence that London is, as its mayor Boris Johnson famously described it, “the eighth emirate”:

The UAE’s deepening links with London really hit home for me on a trip to the city’s ExCeL exhibition centre in January.

ExCeL itself was acquired by Abu Dhabi National Exhibition Centre (Adnec) in 2008, with its owner’s name and logo on prominent display.

Naturally, Adnec’s brand in big letters made me pine for the culinary delights of the UAE. But, hurrah! I found Reem Al Bawadi right on the centre’s doorstep.

After a hearty lunch, I felt an inescapable need (as we all surely do) to digest my meal 90 metres above the river Thames while learning about all the wonderful places that a large Dubai-based airline can take me. A mere two-minute walk away, the Emirates Air Line, the new London cable car, fulfilled those needs perfectly.

Frozen out

Sean Cronin, deputy business editor, went shopping this summer in Florida:

Before the doors open at the world’s biggest Disney store in the Florida theme park, the shoppers are already waiting outside.

Most are there to buy one item. But all will leave disappointed.

The US$39.95 singing Elsa doll from the Frozen movie is the holy grail of presents for little girls worldwide. So much so that they are almost impossible to acquire anywhere on the planet right now.

It is either a case of marketing genius or logistics incompetence.

Even here in the very heart of the magical kingdom, where everything is possible if you just believe, little Elsa is nowhere to be found.

Cinderellas, Barbies and Little Mermaids abound, piled high in a variety of costumes. But Elsa is absent.

In a corner of the sprawling store in Downtown Disney, among the tennis racket-sized lollipops and Mickey Mouse hats, a small stand has all the Frozen merchandise there is left to buy – a few overpriced T-shirts, a writing pad and a story book.

A sign warns shoppers, somewhat redundantly, that purchases of Frozen products are restricted to five per person.

“Where’s the rest of it?” I ask, while circumnavigating the tiny table of tat in about three steps.

“China,” comes the curt response from a shop assistant, who it seems has been asked the same question one too many times.

My other knife is a sword

Shereen El Gazzar, our aviation reporter, beats Lucy Barnard to a lavish aviation ceremony – this one in Doha:

It’s fairly well-known that nothing can divert the attention of a journalist on a tight deadline, but when a gigantic cake entered the press room during the annual meeting of the International Aviation and Travel Association (Iata), journalists could not help but chase it.

Qatar Airways had decided to wow the event’s guests, perhaps because it was also the travel association’s 70th birthday.

They went with a mix of swordplay and oversized baking.

“There’s no birthday without a cake,” the Qatar Airways chief executive, Akbar Al Baker, said of the enormous dessert.

He took out a sword to cut the cake. And just like at a wedding, Mr Al Baker and Tony Tyler, the chief of Iata, together held the sword and sliced the cake.

At dinner that night, everyone was surprised to see Kylie Minogue taking the stage to entertain the guests. Despite being heftily paid, the Australian singer unfortunately couldn’t get Mr Al Baker’s name right. She struggled to pronounce the “Al Baker” bit.

Yet after that performance, Mr Al Baker was generous enough to present Ms Minogue with a birthday gift on stage … leaving everyone in the room guessing what was inside. A piece of jewellery? Perhaps. Or maybe a slice of cake.

Trouble and strife

And lastly, Frank Kane comes across the promise of domestic bliss – from an economic summit:

I was puzzled, I must admit, when the email first arrived. “Please register now for participation in the WIFE,” it said.

Well, I’ve had some funny invitations in my time, but this was simply weird. I already participate in my wife in a full and meaningful manner, what with full-time cohabitation, a six-year old child, joint credit cards, family holidays, dinners out occasionally. The full panoply of marital participation, in fact.

And, so far in our seven years, I’ve never been required to register to participate in any of it. It just kind of came with sheep’s head and the other stuff at the marriage ceremony in Baku, Azerbaijan, one glorious May morning all those years ago.

Then the dirham dropped. I was actually being asked, of course, to register for the World Islamic Economic Forum, currently being held in Dubai, and it was a “literal” that had slipped through the editing process at some PR agency somewhere.

I remembered similar problems at last year’s edition of the World Islamic Economic Forum in London, where participants were embarrassed by a string of literals that seemed to crop up all over the place.

One PowerPoint presentation last year, I recall, began with the slide “Welcome to the WIFE”, which is a sentiment that could be interpreted in any number of ways.

The problem, it was eventually agreed in London, was the old devil Spellcheck, or Auto Spell, or whatever it’s called by various systems. Not being able to recognise the acronym WIEF as an English word, it has helpfully changed it to something it did recognise, even though hopelessly and nonsensically inappropriate.

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%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric%20vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20undisclosed%20funding.%20Looking%20to%20raise%20funds%20from%20outside%3Cbr%3E%3C%2Fp%3E%0A
UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid

Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

BAD%20BOYS%3A%20RIDE%20OR%20DIE
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Adil%20El%20Arbi%20and%20Bilall%20Fallah%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EWill%20Smith%2C%20Martin%20Lawrence%2C%20Joe%20Pantoliano%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
Game Of Thrones Season Seven: A Bluffers Guide

Want to sound on message about the biggest show on television without actually watching it? Best not to get locked into the labyrinthine tales of revenge and royalty: as Isaac Hempstead Wright put it, all you really need to know from now on is that there’s going to be a huge fight between humans and the armies of undead White Walkers.

The season ended with a dragon captured by the Night King blowing apart the huge wall of ice that separates the human world from its less appealing counterpart. Not that some of the humans in Westeros have been particularly appealing, either.

Anyway, the White Walkers are now free to cause any kind of havoc they wish, and as Liam Cunningham told us: “Westeros may be zombie land after the Night King has finished.” If the various human factions don’t put aside their differences in season 8, we could be looking at The Walking Dead: The Medieval Years

 

Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

Specs

Price, base: Dhs850,000
Engine: 3.9-litre twin-turbo V8
Transmission: Seven-speed automatic
Power: 591bhp @ 7,500rpm
Torque: 760Nm @ 3,000rpm
Fuel economy, combined: 11.3L / 100km

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Hoopla%3Cbr%3E%3Cstrong%3EDate%20started%3A%20%3C%2Fstrong%3EMarch%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Jacqueline%20Perrottet%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2010%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%3Cbr%3E%3Cstrong%3EInvestment%20required%3A%3C%2Fstrong%3E%20%24500%2C000%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

HWJN
%3Cp%3EDirector%3A%20Yasir%20Alyasiri%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Baraa%20Alem%2C%20Nour%20Alkhadra%2C%20Alanoud%20Saud%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A%3Cp%3E%3C%2Fp%3E%0A
THE SPECS

Engine: 1.5-litre turbocharged four-cylinder

Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

Price: Dh64,500

On sale: Now

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Batti Gul Meter Chalu

Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5

The specs: Volvo XC40

Price: base / as tested: Dh185,000

Engine: 2.0-litre, turbocharged in-line four-cylinder

Gearbox: Eight-speed automatic

Power: 250hp @ 5,500rpm

Torque: 350Nm @ 1,500rpm

Fuel economy, combined: 10.4L / 100km

KEY%20DATES%20IN%20AMAZON'S%20HISTORY
%3Cp%3E%3Cstrong%3EJuly%205%2C%201994%3A%3C%2Fstrong%3E%20Jeff%20Bezos%20founds%20Cadabra%20Inc%2C%20which%20would%20later%20be%20renamed%20to%20Amazon.com%2C%20because%20his%20lawyer%20misheard%20the%20name%20as%20'cadaver'.%20In%20its%20earliest%20days%2C%20the%20bookstore%20operated%20out%20of%20a%20rented%20garage%20in%20Bellevue%2C%20Washington%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJuly%2016%2C%201995%3A%3C%2Fstrong%3E%20Amazon%20formally%20opens%20as%20an%20online%20bookseller.%20%3Cem%3EFluid%20Concepts%20and%20Creative%20Analogies%3A%20Computer%20Models%20of%20the%20Fundamental%20Mechanisms%20of%20Thought%3C%2Fem%3E%20becomes%20the%20first%20item%20sold%20on%20Amazon%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E1997%3A%3C%2Fstrong%3E%20Amazon%20goes%20public%20at%20%2418%20a%20share%2C%20which%20has%20grown%20about%201%2C000%20per%20cent%20at%20present.%20Its%20highest%20closing%20price%20was%20%24197.85%20on%20June%2027%2C%202024%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E1998%3A%3C%2Fstrong%3E%20Amazon%20acquires%20IMDb%2C%20its%20first%20major%20acquisition.%20It%20also%20starts%20selling%20CDs%20and%20DVDs%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2000%3A%3C%2Fstrong%3E%20Amazon%20Marketplace%20opens%2C%20allowing%20people%20to%20sell%20items%20on%20the%20website%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2002%3A%3C%2Fstrong%3E%20Amazon%20forms%20what%20would%20become%20Amazon%20Web%20Services%2C%20opening%20the%20Amazon.com%20platform%20to%20all%20developers.%20The%20cloud%20unit%20would%20follow%20in%202006%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2003%3A%3C%2Fstrong%3E%20Amazon%20turns%20in%20an%20annual%20profit%20of%20%2475%20million%2C%20the%20first%20time%20it%20ended%20a%20year%20in%20the%20black%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2005%3A%3C%2Fstrong%3E%20Amazon%20Prime%20is%20introduced%2C%20its%20first-ever%20subscription%20service%20that%20offered%20US%20customers%20free%20two-day%20shipping%20for%20%2479%20a%20year%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2006%3A%3C%2Fstrong%3E%20Amazon%20Unbox%20is%20unveiled%2C%20the%20company's%20video%20service%20that%20would%20later%20morph%20into%20Amazon%20Instant%20Video%20and%2C%20ultimately%2C%20Amazon%20Video%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2007%3A%3C%2Fstrong%3E%20Amazon's%20first%20hardware%20product%2C%20the%20Kindle%20e-reader%2C%20is%20introduced%3B%20the%20Fire%20TV%20and%20Fire%20Phone%20would%20come%20in%202014.%20Grocery%20service%20Amazon%20Fresh%20is%20also%20started%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2009%3A%3C%2Fstrong%3E%20Amazon%20introduces%20Amazon%20Basics%2C%20its%20in-house%20label%20for%20a%20variety%20of%20products%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2010%3A%3C%2Fstrong%3E%20The%20foundations%20for%20Amazon%20Studios%20were%20laid.%20Its%20first%20original%20streaming%20content%20debuted%20in%202013%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2011%3A%3C%2Fstrong%3E%20The%20Amazon%20Appstore%20for%20Google's%20Android%20is%20launched.%20It%20is%20still%20unavailable%20on%20Apple's%20iOS%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2014%3A%3C%2Fstrong%3E%20The%20Amazon%20Echo%20is%20launched%2C%20a%20speaker%20that%20acts%20as%20a%20personal%20digital%20assistant%20powered%20by%20Alexa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2017%3A%3C%2Fstrong%3E%20Amazon%20acquires%20Whole%20Foods%20for%20%2413.7%20billion%2C%20its%20biggest%20acquisition%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2018%3A%3C%2Fstrong%3E%20Amazon's%20market%20cap%20briefly%20crosses%20the%20%241%20trillion%20mark%2C%20making%20it%2C%20at%20the%20time%2C%20only%20the%20third%20company%20to%20achieve%20that%20milestone%3C%2Fp%3E%0A
Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

RESULTS

5pm: Handicap (PA) Dh70,000 1,400m
Winner: AF Tathoor, Tadhg O’Shea (jockey), Ernst Oertel (trainer)
5.30pm: Handicap (TB) Dh70,000 1,000m
Winner: Dahawi, Antonio Fresu, Musabah Al Muhairi
6pm: Maiden (PA) Dh70,000 2,000m
Winner: Aiz Alawda, Fernando Jara, Ahmed Al Mehairbi
6.30pm: Handicap (PA) Dh70,000 2,000m
Winner: ES Nahawand, Fernando Jara, Mohammed Daggash
7pm: Maiden (PA) Dh70,000 1,600m
Winner: Winked, Connor Beasley, Abdallah Al Hammadi
7.30pm: Al Ain Mile Group 3 (PA) Dh350,000 1,600m
Winner: Somoud, Connor Beasley, Ahmed Al Mehairbi
8pm: Handicap (PA) Dh70,000 1,600m
Winner: Al Jazi, Fabrice Veron, Eric Lemartinel

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

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The Liechtensteinische Landesbank AG (“Bank”) assumes no liability or guarantee for the accuracy, balance, or completeness of the information in this publication. The content may change at any time due to given circumstances, and the Liechtensteinische Landesbank AG is under no obligation to update information once it has been published. This publication is intended for information purposes only and does not constitute an offer, a recommendation or an invitation by, or on behalf of, Liechtensteinische Landesbank (DIFC Branch), Liechtensteinische Landesbank AG, or any of its group affiliates to make any investments or obtain services. This publication has not been reviewed, disapproved or approved by the United Arab Emirates (“UAE”) Central Bank, Dubai Financial Services Authority (“DFSA”) or any other relevant licensing authorities in the UAE. It may not be relied upon by or distributed to retail clients. Liechtensteinische Landesbank (DIFC Branch) is regulated by the DFSA and this advertorial is intended for Professional Clients (as defined by the DFSA) who have sufficient financial experience and understanding of financial markets, products or transactions and any associated risks.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Bio

Age: 25

Town: Al Diqdaqah – Ras Al Khaimah

Education: Bachelors degree in mechanical engineering

Favourite colour: White

Favourite place in the UAE: Downtown Dubai

Favourite book: A Life in Administration by Ghazi Al Gosaibi.

First owned baking book: How to Be a Domestic Goddess by Nigella Lawson.

Profile Idealz

Company: Idealz

Founded: January 2018

Based: Dubai

Sector: E-commerce

Size: (employees): 22

Investors: Co-founders and Venture Partners (9 per cent)