This time period will vary depending on your contract, and whether you have good relations with the company. Therefore, it is a smart move to determine where you stand, as you may need to make alternative housing arrangements before leaving the country.
There are two loose ends you must tie up regarding housing. The first: utilities. At least a week before flying out, plan to visit DEWA or ADDC – each have several locations in their respective emirate – to pay your bill and receive a utilities clearance certificate.
Be sure to take your passport along, as well as your DEWA or ADDC reference number, which can be found on the utility meter at home. The deposit you made when you first opened the account will be returned to you, after being used to pay off any remaining balance on the bill. But before acquiring your final clearance, DEWA and ADDC will send out a representative to read your meter and clear up any remaining fees; this typically takes a few days.
The second chore is your "media" – telephone, TV and internet. If you have a landline, take a trip to Etisalat, get your telephone disconnected, pay the final bill and receive a clearance certificate. Home internet gets more complicated: you may need to wait for a technician to come to your flat to physically disconnect you, which will take a few days. Satellite subscription services, such as Orbit Showtime or ART, will also require you to wait for a technician, or even take your decoder box to a retail location.
Note that prepaid subscriptions, such as Wasel with Etisalat, do not need to be cancelled. However, any kind of mobile subscription, such as on your iPhone or Blackberry, must be cancelled in person at your local etisalat or du office. Finally, if you found your own apartment, but your company paid the rent, you must provide a maintenance clearance from the owner of your apartment, confirming that everything is in good shape for the next tenant.
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Diriyah%20project%20at%20a%20glance
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MATCH INFO
Barcelona v Real Madrid, 11pm UAE
Match is on BeIN Sports
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
Everything Now
Arcade Fire
(Columbia Records)
How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
Sri Lanka-India Test series schedule
- 1st Test India won by 304 runs at Galle
- 2nd Test India won by innings and 53 runs at Colombo
- 3rd Test August 12-16 at Pallekele
The specs: Hyundai Ionic Hybrid
Price, base: Dh117,000 (estimate)
Engine: 1.6L four-cylinder, with 1.56kWh battery
Transmission: Six-speed automatic
Power: 105hp (engine), plus 43.5hp (battery)
Torque: 147Nm (engine), plus 170Nm (battery)
Fuel economy, combined: 3.4L / 100km
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.