RAS AL KHAIMAH // On the second day of Eid Al Fitr on Saturday, rulers of the Emirates have hosted guests at their palaces, who in turn have offered festive greetings.
Sheikh Saud bin Saqr Al Qasimi, the Ruler of Ras Al Khaimah, received tribal leaders, officials, citizens, business leaders and foreign dignitaries, who called at his Khuzam Palace to extend greetings on the occasion of Eid Al Fitr.
The visitors wished for the good health of Sheikh Saud and of President Sheikh Khalifa, as well as for progress and prosperity in the country and the region.
In Fujairah, Sheikh Hamad bin Mohammed Al Sharqi, Ruler of the emirate, received Mohammed Al Murr, Speaker of the Federal National Council, Ahmed Al Jarwan, speaker of the Arab Parliament, and a number of Arab, Islamic and foreign consuls-general.
Sheikh Hamdan bin Rashid, Deputy Ruler of Dubai and UAE Minister of Finance, also received heads of state from the Arab countries and heads of foreign consular missions in Dubai at Zabeel Palace.
Wam reported that Sheikh Humaid bin Rashid, Ruler of Ajman, Dr Sheikh Sultan bin Mohammed, Ruler of Sharjah, and Sheikh Saud bin Rashid, Ruler of Umm Al Quwain, also received well-wishers over the Eid holidays.
newsdesk@thenational.ae
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RESULTS
5pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Turf) 2,200m
Winner: M'A Yaromoon, Jesus Rosales (jockey), Khalifa Al Neydai (trainer)
5.30pm: Khor Al Baghal – Conditions (PA) Dh80,000 (T) 1,600m
Winner: No Riesgo Al Maury, Antonio Fresu, Ibrahim Al Hadhrami
6pm: Khor Faridah – Handicap (PA) Dh80,000 (T) 1,600m
Winner: JAP Almahfuz, Royston Ffrench, Irfan Ellahi
6.30pm: Abu Dhabi Fillies Classic – Prestige (PA) Dh110,000 (T) 1,400m
Winner: Mahmouda, Pat Cosgrave, Abdallah Al Hammadi
7pm: Abu Dhabi Colts Classic – Prestige (PA) Dh110,000 (T) 1,400m
Winner: AS Jezan, George Buckell, Ahmed Al Mehairbi
7.30pm: Khor Laffam – Handicap (TB) Dh80,000 (T) 2,200m
Winner: Dolman, Antonio Fresu, Bhupath Seemar
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
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
