Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, with Costa Rica President Carlos Alvarado Quesada at Expo 2020 Dubai. Photo: Dubai Media Office
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, with Costa Rica President Carlos Alvarado Quesada at Expo 2020 Dubai. Photo: Dubai Media Office
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, with Costa Rica President Carlos Alvarado Quesada at Expo 2020 Dubai. Photo: Dubai Media Office
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, with Costa Rica President Carlos Alvarado Quesada at Expo 2020 Dubai. Photo: Dubai Media Office

UAE pledges $2 million to help Costa Rica develop flood responses


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The UAE has said it stands "ready to support" Costa Rica after providing a $2 million grant to help bolster its flood defences.

The Central American country has been hit hard by floods this year, with more than 3,000 people forced to flee their homes after heavy rains led to destruction in July.

The UAE's non-reimbursable grant aims to help strengthen Costa Rica's ability to respond to extreme weather and deal with the challenges of climate change.

The key assistance comes as the two countries continue to forge closer ties.

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, held high-level talks with Costa Rica President Carlos Alvarado Quesada earlier this month. The two sides agreed to deepen their strategic partnership to promote political dialogue, co-operation, trade, and investment.

The leaders discussed the recent devastating floods in Costa Rica and stressed the importance of delivering humanitarian aid.

The UAE has previously sent two aid flights to the country carrying critical medical supplies to help its fight against Covid-19.

"The UAE stands ready to support Costa Rica by providing development assistance to build stronger and more resilient systems in responding to the devastating impact of climate change," said Reem Al Hashimy, Minister of State for International Co-operation, in a statement carried by Wam.

"As an extension of our humanitarian and developmental approach, which emphasises the promotion of stability and prosperity, the UAE is honoured to work with its international partners to support vulnerable communities in meeting their essential needs."

Rodolfo Solano Quiros, Minister of Foreign Affairs and Worship of Costa Rica, thanked the UAE for its steadfast support.

"Costa Rica is very grateful for this important co-operation between the UAE and Costa Rica, as embodied in the UAE’s pledge to help mitigate the impact of the floods," he said.

"This humanitarian assistance granted by the UAE will significantly contribute to alleviating challenges faced in rural areas while supporting vaccination campaigns."

5 of the most-popular Airbnb locations in Dubai

Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:

• Dubai Marina

The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.

Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739 
Two bedroom: Dh627 to Dh960 
Three bedroom: Dh721 to Dh1,104

• Downtown

Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure.  “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."

Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154

• City Walk

The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena.  “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”

Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809 
Two bedroom: Dh682 to Dh1,052 
Three bedroom: Dh784 to Dh1,210 

• Jumeirah Lake Towers

Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.

Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629 
Two bedroom: Dh549 to Dh818 
Three bedroom: Dh631 to Dh941

• Palm Jumeirah

Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.

Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770 
Two bedroom: Dh654 to Dh1,002 
Three bedroom: Dh752 to Dh1,152 

Stage result

1. Jasper Philipsen (Bel) Alpecin-Fenix 4:42:34

2. Sam Bennett (Irl) Bora-Hansgrohe

3. Elia Viviani (Ita) Ineos Grenadiers

4. Dylan Groenewegen (Ned) BikeExchange-Jayco

5. Emils Liepins (Lat) Trek-Segafredo

6. Arnaud Demare (Fra) Groupama-FDJ

7. Max Kanter (Ger) Movistar Team

8. Olav Kooij (Ned) Jumbo-Visma

9. Tom Devriendt (Bel) Intermarché-Wanty-Gobert Matériaux

10. Pascal Ackermann (Ger) UAE Team Emirate

Company info

Company name: Entrupy 

Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist

Based: New York, New York

Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.  

Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius. 

Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place. 

The specs

Engine: 3.8-litre twin-turbo flat-six

Power: 650hp at 6,750rpm

Torque: 800Nm from 2,500-4,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 11.12L/100km

Price: From Dh796,600

On sale: now

Updated: December 27, 2021, 5:10 AM