H.E. Sheikha Wafa Hasher Al Maktoum, founder and director of FN Designs, has just unveiled the Art of Giving collection, featuring T-shirts with road safety signs. Proceeds from the T-shirt sales will be used to purchase donations for the UAE’s construction worker community. Donated items will include telephone cards, shoes, medicine, blankets, clothing and food.
“Our aim is to encourage people to work together for the benefit of our society and show their appreciation for the significant contribution workers make,” says the Sheikha. “The T-shirts will not only bring a little joy to those in need but are also aimed to spread awareness of about road safety measures as these people generally work on streets and hazardous sites.”
The T-shirts cost Dh200 each and are available at FN Designs in Alserkal Avenue, Dubai.
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Company profile
Company: Eighty6
Date started: October 2021
Founders: Abdul Kader Saadi and Anwar Nusseibeh
Based: Dubai, UAE
Sector: Hospitality
Size: 25 employees
Funding stage: Pre-series A
Investment: $1 million
Investors: Seed funding, angel investors
COMPANY%20PROFILE
Specs
Engine: 2-litre
Transmission: Eight-speed automatic
Power: 255hp
Torque: 273Nm
Price: Dh240,000
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By Ben Okri (Head of Zeus)
The struggle is on for active managers
David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.
The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.
Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.
Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.
Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.
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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.
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