• Tunisian President Kais Saied (2-R) celebrating with his supporters the almost certain victory of the 'yes' vote in a referendum on a new constitution, after the projected outcome was announced in Tunis. EPA
    Tunisian President Kais Saied (2-R) celebrating with his supporters the almost certain victory of the 'yes' vote in a referendum on a new constitution, after the projected outcome was announced in Tunis. EPA
  • President Kais Saied celebrates with his supporters on Habib Bourguiba Avenue, Tunis. The referendum was on a new constitution that strengthens the powers of the head of state. AFP
    President Kais Saied celebrates with his supporters on Habib Bourguiba Avenue, Tunis. The referendum was on a new constitution that strengthens the powers of the head of state. AFP
  • President Kais Saied supporters celebrate. Reuters
    President Kais Saied supporters celebrate. Reuters
  • President Kais Saied supporters celebrate in Tunis after the exit poll indicates voters backed Tunisia's new constitution. Reuters
    President Kais Saied supporters celebrate in Tunis after the exit poll indicates voters backed Tunisia's new constitution. Reuters
  • Farouk Bouasker, president of the Independent Higher Authority for Elections, in Tunis. AFP
    Farouk Bouasker, president of the Independent Higher Authority for Elections, in Tunis. AFP
  • Members of the election committee open the ballot box at a polling station in Tunis. Reuters
    Members of the election committee open the ballot box at a polling station in Tunis. Reuters
  • Employees of the Independent Higher Authority for Elections begin counting the ballots. AFP
    Employees of the Independent Higher Authority for Elections begin counting the ballots. AFP
  • Tunisia's President Kais Saied casts his ballot at a polling station in Tunis in the country's referendum on a new constitution. Reuters
    Tunisia's President Kais Saied casts his ballot at a polling station in Tunis in the country's referendum on a new constitution. Reuters
  • A woman shows her ink-stained finger at a polling station during a referendum on a new constitution in Tunis, Tunisia. Reuters
    A woman shows her ink-stained finger at a polling station during a referendum on a new constitution in Tunis, Tunisia. Reuters
  • A Tunisian woman votes during a referendum on the draft constitution put forward by the country's president at a polling station in the Ben Arous region near Tunis. AFP
    A Tunisian woman votes during a referendum on the draft constitution put forward by the country's president at a polling station in the Ben Arous region near Tunis. AFP
  • A woman shows her ink-stained finger as she holds the Tunisian flag at a polling station in Tunis. Reuters
    A woman shows her ink-stained finger as she holds the Tunisian flag at a polling station in Tunis. Reuters
  • A Tunisian woman votes during the referendum in the Ben Arous region near Tunis. AFP
    A Tunisian woman votes during the referendum in the Ben Arous region near Tunis. AFP
  • A Tunisian man votes during the referendum at a polling station in the Ben Arous region near Tunis. AFP
    A Tunisian man votes during the referendum at a polling station in the Ben Arous region near Tunis. AFP
  • A woman casts her vote at a polling station in Tunis. AP
    A woman casts her vote at a polling station in Tunis. AP
  • Mr Saied leaves the polling station with his wife. Tunisia is holding a referendum on a new draft constitution proposed by the president to replace the 2014 constitution. EPA
    Mr Saied leaves the polling station with his wife. Tunisia is holding a referendum on a new draft constitution proposed by the president to replace the 2014 constitution. EPA
  • Tunisians go to the polls on Monday to vote on a draft constitution proposed by President Kais Saied. Here, a vote is cast at a polling station in the capital, Tunis. AFP
    Tunisians go to the polls on Monday to vote on a draft constitution proposed by President Kais Saied. Here, a vote is cast at a polling station in the capital, Tunis. AFP
  • Some Tunisians see the constitutional referendum as a vote for or against President Kais Saied, whose powers would increase if the new charter is approved. AFP
    Some Tunisians see the constitutional referendum as a vote for or against President Kais Saied, whose powers would increase if the new charter is approved. AFP
  • People cast their ballots at a polling station in Tunis on a referendum on a new constitution for Tunisia. Reuters
    People cast their ballots at a polling station in Tunis on a referendum on a new constitution for Tunisia. Reuters
  • In a polling station in the Ariana district of Tunis, a citizen dips his finger in ink after taking part in a referendum on a draft constitution. AFP
    In a polling station in the Ariana district of Tunis, a citizen dips his finger in ink after taking part in a referendum on a draft constitution. AFP
  • Tunisians vote in a referendum on a draft constitution put forward by the country's President Kais Saied. The text has proved to be controversial and citizens have their say on Monday. AFP
    Tunisians vote in a referendum on a draft constitution put forward by the country's President Kais Saied. The text has proved to be controversial and citizens have their say on Monday. AFP
  • A member of Tunisian security forces stands guard outside a polling station in Ariana district of Tunis. AFP
    A member of Tunisian security forces stands guard outside a polling station in Ariana district of Tunis. AFP
  • Tunisian election staff assist voters at a polling station in the Ariana district as citizens vote on a new constitution. AFP
    Tunisian election staff assist voters at a polling station in the Ariana district as citizens vote on a new constitution. AFP
  • Members of Tunisian security forces stand guard outside a polling station in Ariana district of Tunis. AFP
    Members of Tunisian security forces stand guard outside a polling station in Ariana district of Tunis. AFP

Tunisians begin voting in referendum on new constitution


Erin Clare Brown
  • English
  • Arabic

Voters in Tunisia went to the polls on Monday to decide on a new constitution championed by President Kais Saied that will increase the powers of the country's executive branch while reducing those of the legislature and judiciary.

The vote is being held one year to the day since Mr Saied sacked the government, closed Parliament and took the reins of power, citing “imminent danger” to the country.

The charter, drawn up by a small group of legal scholars last month and heavily revised by Mr Saied, has divided the nation. Many, including some of the men who composed the initial draft, say it puts too much power in the hands of the executive.

Others see it as an opportunity for Mr Saied, whom they see as a clean political actor, to sweep aside opposing forces and put the nation back on track.

Ahmed, 71, cast his ballot in favour of the referendum early at a school in the Tunis suburb of Aouina.

“I see myself in Saied,” he said. “The state needs a strong leader.”

Ahmed, 71, said he voted yes because "I see myself in Kais Saied," and he feels the state needs a strong leader. Erin Clare Brown / The National
Ahmed, 71, said he voted yes because "I see myself in Kais Saied," and he feels the state needs a strong leader. Erin Clare Brown / The National

Mr Saied cast his ballot at Ennaser Elementary School early in the morning, with a crew from Wataniya, the national broadcaster, covering the event.

He then gave a 20-minute speech inside the polling station about the draft constitution and the next steps in his political project, despite electoral rules that ban campaigning on the day of the vote.

“We are going to establish a new republic on the day of the declaration of the Tunisian Republic,” the president said. “A republic that is different than that of the last 10 years, and even before that.”

Mr Saied's proposed constitution would replace the charter adopted in 2014, three years after a popular uprising that toppled autocratic president Zine El Abidine Ben Ali. That document was drafted by an elected constituent assembly over the course of two years and passed with a 93 per cent vote of support.

In downtown Tunis, Brahim, 69, said he voted in favour of the new constitution even though he had not read it.

“Whatever comes of this new constitution will be better than the confusion and fighting we had before,” he said.

Voters wait at a polling station in downtown Tunis to cast their ballots in the referenendum. Erin Clare Brown/ The National
Voters wait at a polling station in downtown Tunis to cast their ballots in the referenendum. Erin Clare Brown/ The National

Many of the country's political parties called for a boycott of the vote, hoping to deny the constitution legitimacy by keeping the turnout low. But with no minimum participation threshold, a boycott is unlikely to stop the charter from being passed.

Although Tunisia has historically had a voter turnout of about or above 50 per cent, experts said the referendum was unlikely to reach such levels of participation.

An electronic consultation conducted this spring, which Mr Saied said would be used to shape his road map and which many saw as a dress rehearsal for the referendum, attracted less than 7 per cent of eligible voters.

In the months since then, the country's election commission, newly rearranged by the president, undertook the task of automatically registering all eligible voters in the country, adding about 2 million voters to the roll.

Early turnout figures from overseas polling, which opened on Saturday, showed about 4.5 per cent of voters had cast their ballots.

The polls opened earlier than usual for election days, at 6am in most cities, and will close at 10pm.

Khamaies Sbai, who was overseeing a polling station in Tunis, said there had been a respectable turnout in the first two hours of voting. “People are coming to cast their ballots,” he said.

But some confusion about polling sites — the elections commission expanded the number of polling stations in recent weeks — made the work less smooth.

Malek, 33, said he was voting yes to get rid of political parties like the Islamist Ennahda party and the Free Destourian Party, which he sees as part of the old regime. Erin Clare Brown / The National
Malek, 33, said he was voting yes to get rid of political parties like the Islamist Ennahda party and the Free Destourian Party, which he sees as part of the old regime. Erin Clare Brown / The National

Hamadi Allala, an election official who has overseen polling stations in each election since 2011, said that this year the election commission "is suffering from financial struggles", due to the short turnaround time to plan and execute the referendum.

"In previous years, election budgets were discussed and passed by Parliament," he explained. "But as we have no Parliament, it's been a more appended process."

He noted that with the addition of 2 million voters to the rolls, the election commission also expanded the number of polling stations and extended the time the polls were open — putting stress on staff who were trained in short order to be able to participate. "We are doing this election with a minimum of tools," Mr Allala said.

If the constitution passes, it will cement much of the order Mr Saied has created over the past year. Most power will be concentrated in the executive branch, with the legislative and judiciary branches reduced to functions of the state.

It would also place the military and security forces under the power of the executive and would create a legislative body called a National Council of Regions and Districts.

Voters dip their left index finger in ink before casting their ballots at a polling site in downtown Tunis. Erin Clare Brown / The National
Voters dip their left index finger in ink before casting their ballots at a polling site in downtown Tunis. Erin Clare Brown / The National

One of the more controversial, and, for many, confounding elements of the new constitution is an article that describes the state's role in enforcing Maqasid, a medieval Islamic legal doctrine that is often described as “the sacred purposes of Islam”.

After casting her ballot in Tunis, Monjia Ben Abid, 68, said: “I didn't cast a vote for the constitution, I cast a vote for Kais Saied”.

“We want a good life, we want our money to have value, our education and transport systems to work. We are lacking happiness — if life were what it was like before the revolution, people would be able to afford getting married and having families again.”

Not everyone was convinced.

At a polling station in the seaside village of Sidi Bou Said, Noor, 21 said she voted No because "we have been a democracy in Tunisia for 10 years and I want my country to remain a democracy".

"There are a lot of people who oppose Saied who are not voting, but if you boycott, what will you say to yourself in 10 years — 'I did nothing to try to stop us going back to a dictatorship'?"

Noor, 21, said she was voting No because "I want my country to stay a democracy". Erin Clare Brown / The National
Noor, 21, said she was voting No because "I want my country to stay a democracy". Erin Clare Brown / The National

At a cafe in downtown Tunis, Wael Naouar sipped a coffee with friends and explained why he was boycotting the referendum.

"If a No vote could make a difference, we would have voted no, but the entire election has been a masquerade and a farce from the beginning," he said. "The president controls the formerly independent election commission."

Instead, Mr Naouar and other proponents of the boycott took to the streets on Friday to protest against the referendum, where they faced violence from the police witnessed by journalists at The National.

"We raised our voices and were beaten for it," he said, lifting his shirt to reveal bruises where he was hit by police batons.

HAJJAN
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Have you been targeted?

Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:

1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.

2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.

3. You have also been sold investment funds with an upfront initial charge of around 5 per cent. ETFs, for example, have no upfront charges.

4. The adviser charges a 1 per cent charge for managing your assets. They are being paid for doing nothing. They have already claimed massive amounts in hidden upfront commission.

5. Total annual management cost for your pension account is 2 per cent or more, including platform, underlying fund and advice charges.

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At a glance - Zayed Sustainability Prize 2020

Launched: 2008

Categories: Health, energy, water, food, global high schools

Prize: Dh2.2 million (Dh360,000 for global high schools category)

Winners’ announcement: Monday, January 13

 

Impact in numbers

335 million people positively impacted by projects

430,000 jobs created

10 million people given access to clean and affordable drinking water

50 million homes powered by renewable energy

6.5 billion litres of water saved

26 million school children given solar lighting

Dengue%20fever%20symptoms
%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

Everton 1 Stoke City 0
Everton (Rooney 45 1')
Man of the Match Phil Jagielka (Everton)

Company profile

Name: Infinite8

Based: Dubai

Launch year: 2017

Number of employees: 90

Sector: Online gaming industry

Funding: $1.2m from a UAE angel investor

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

THURSDAY'S ORDER OF PLAY

Centre Court

Starting at 10am:

Lucrezia Stefanini v Elena Rybakina (6)

Aryna Sabalenka (4) v Polona Hercog

Sofia Kenin (1) v Zhaoxuan Yan

Kristina Mladenovic v Garbine Muguruza (5)

Sorana Cirstea v Karolina Pliskova (3)

Jessica Pegula v Elina Svitolina (2)

Court 1

Starting at 10am:

Sara Sorribes Tormo v Nadia Podoroska

Marketa Vondrousova v Su-Wei Hsieh

Elise Mertens (7) v Alize Cornet

Tamara Zidansek v Jennifer Brady (11)

Heather Watson v Jodie Burrage

Vera Zvonareva v Amandine Hesse

Court 2

Starting at 10am:

Arantxa Rus v Xiyu Wang

Maria Kostyuk v Lucie Hradecka

Karolina Muchova v Danka Kovinic

Cori Gauff v Ulrikke Eikeri

Mona Barthel v Anastasia Gasanova

Court 3

Starting at 10am:

Kateryna Bondarenko v Yafan Wang

Aliaksandra Sasnovich v Anna Bondar

Bianca Turati v Yaroslava Shvedova

The specs: 2017 Dodge Viper SRT

Price, base / as tested Dh460,000

Engine 8.4L V10

Transmission Six-speed manual

Power 645hp @ 6,200rpm

Torque 813Nm @ 5,000rpm

Fuel economy, combined 16.8L / 100km

Draw:

Group A: Egypt, DR Congo, Uganda, Zimbabwe

Group B: Nigeria, Guinea, Madagascar, Burundi

Group C: Senegal, Algeria, Kenya, Tanzania

Group D: Morocco, Ivory Coast, South Africa, Namibia

Group E: Tunisia, Mali, Mauritania, Angola

Group F: Cameroon, Ghana, Benin, Guinea-Bissau

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

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Company profile

Name: Oulo.com

Founder: Kamal Nazha

Based: Dubai

Founded: 2020

Number of employees: 5

Sector: Technology

Funding: $450,000

LIST OF INVITEES

Shergo Kurdi (am) 
Rayhan Thomas
Saud Al Sharee (am)
Min Woo Lee
Todd Clements
Matthew Jordan
AbdulRahman Al Mansour (am)
Matteo Manassero
Alfie Plant
Othman Al Mulla
Shaun Norris

10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

MATCH INFO

Chelsea 1 (Hudson-Odoi 90 1')

Manchester City 3 (Gundogan 18', Foden 21', De Bruyne 34')

Man of the match: Ilkay Gundogan (Man City)

How to help

Donate towards food and a flight by transferring money to this registered charity's account.

Account name: Dar Al Ber Society

Account Number: 11 530 734

IBAN: AE 9805 000 000 000 11 530 734

Bank Name: Abu Dhabi Islamic Bank

To ensure that your contribution reaches these people, please send the copy of deposit/transfer receipt to: juhi.khan@daralber.ae

Fixtures (all in UAE time)

Friday

Everton v Burnley 11pm

Saturday

Bournemouth v Tottenham Hotspur 3.30pm

West Ham United v Southampton 6pm

Wolves v Fulham 6pm

Cardiff City v Crystal Palace 8.30pm

Newcastle United v Liverpool 10.45pm

Sunday

Chelsea v Watford 5pm

Huddersfield v Manchester United 5pm

Arsenal v Brighton 7.30pm

Monday

Manchester City v Leicester City 11pm

 

Fines for littering

In Dubai:

Dh200 for littering or spitting in the Dubai Metro

Dh500 for throwing cigarette butts or chewing gum on the floor, or littering from a vehicle. 
Dh1,000 for littering on a beach, spitting in public places, throwing a cigarette butt from a vehicle

In Sharjah and other emirates
Dh500 for littering - including cigarette butts and chewing gum - in public places and beaches in Sharjah
Dh2,000 for littering in Sharjah deserts
Dh500 for littering from a vehicle in Ras Al Khaimah
Dh1,000 for littering from a car in Abu Dhabi
Dh1,000 to Dh100,000 for dumping waste in residential or public areas in Al Ain
Dh10,000 for littering at Ajman's beaches 

Courses%20at%20Istituto%20Marangoni%2C%20Dubai
%3Cp%3E%3Cstrong%3EUndergraduate%20courses%3C%2Fstrong%3E%3Cbr%3EInterior%20Design%3B%20Product%20Design%3B%20Visual%20Design%3B%20Fashion%20Design%20%26amp%3B%20Accessories%3B%20Fashion%20Styling%20%26amp%3B%20Creative%20Direction%3B%20Fashion%20Business%3B%20Foundation%20in%20Fashion%3B%20Foundation%20in%20Design%3Cbr%3E%3Cstrong%3EProfessional%20courses%3C%2Fstrong%3E%3Cbr%3EFashion%20e-Commerce%20%26amp%3B%20Digital%20Marketing%3B%20Fashion%20Entrepreneurship%3B%20Fashion%20Luxury%20Retail%20and%20Visual%20Merchandising%3Cbr%3E%3Cstrong%3EShort%20courses%3C%2Fstrong%3E%3Cbr%3EFashion%20design%3B%20Fashion%20Image%20%26amp%3B%20Styling%3B%20Fashion%20Trend%20Forecasting%3B%20Interior%20Design%3B%20Digital%20Art%20in%20Fashion%3Cbr%3EMore%20information%20is%20at%20%3Ca%20href%3D%22https%3A%2F%2Fwww.istitutomarangoni.com%2Fen%3Futm_source%3DLocal%26utm_medium%3Dorganic%26utm_campaign%3Dgmb%26utm_content%3Ddubai%22%20target%3D%22_self%22%3Ewww.istitutomarangoni.com%3C%2Fa%3E%3C%2Fp%3E%0A
Tuesday's fixtures
Group A
Kyrgyzstan v Qatar, 5.45pm
Iran v Uzbekistan, 8pm
N Korea v UAE, 10.15pm
CREW
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERajesh%20A%20Krishnan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ETabu%2C%20Kareena%20Kapoor%20Khan%2C%20Kriti%20Sanon%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
EPL's youngest
  • Ethan Nwaneri (Arsenal)
    15 years, 181 days old
  • Max Dowman (Arsenal)
    15 years, 235 days old
  • Jeremy Monga (Leicester)
    15 years, 271 days old
  • Harvey Elliott (Fulham)
    16 years, 30 days old
  • Matthew Briggs (Fulham)
    16 years, 68 days old
US households add $601bn of debt in 2019

American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.

Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.

Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.

In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.

The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.

"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

Updated: July 25, 2022, 2:40 PM