The Metropolis, Beirut's first art house cinema, opened days before Israel's bombardment of the city in 2006.
The Metropolis, Beirut's first art house cinema, opened days before Israel's bombardment of the city in 2006.

Screen of dreams



The Metropolis Cinema is one crucial element in Lebanon's vital, but struggling, independent film movement. Jeffery Sipe meets the woman behind the scenes. After spending two years securing funding and scouring the city for a suitable space, Hania Mroue was not going to let anything - even an Israeli bombing campaign - disrupt the opening of the Metropolis Cinema, Beirut's first art house. Located in the district of Hamra, just a short distance from the American University of Beirut to the north and the Lebanese American University to the south, the 110-seat cinema was perfectly situated to attract not only students but also the culture vultures who have flocked to the area's coffee shops, restaurants and bars for decades.

The opening date was set for July 11 2006 when Israel was very publicly preparing to attack Lebanon in response to Hizbollah incursions into northern Israel. "What could we do?" Mroue asks rhetorically. "You can't just stop living." The Metropolis began screening its debut programme of films from the Cannes Critics' Week, a prestigious sidebar at the international film festival. The day after the Metropolis opened its doors, bombs began falling on southern Lebanon and Beirut's Hizbollah-controlled southern suburbs. The explosions shook the entire city.

"We screened films for three or four days," Mroue recalls. "But people stopped coming." Residents of the southern suburbs, however, began streaming north, towards Hamra. "I think someone who was working at Metropolis told someone they knew that they could stay there," recounts Mroue. "Metropolis is actually underground, so people felt safer there. So somebody told somebody else who told somebody else - you know, everybody knows everybody in Beirut - and we ended up with around 100 people staying there. They had nowhere else to go. They were homeless."

Most who came were families. "They were sleeping everywhere, and the kids, how long can you keep them locked in a place underground? How many minutes before they go crazy and start destroying everything?" So she did what an exhibitor does: she screened films: cartoons, Lebanese films, anything that she could get her hands on. It helped. A little. "They were also very nervous because of the bombing," she continues, "so we organised workshops and gave them paper and pens and pencils and asked them to draw so that they somehow could express their feelings about what was happening.

"Sometimes when it was more calm they could go outside, but it was very dangerous. Whole buildings were shaking and at night you could hear buildings falling. We thought it would last for a few days, just like the other times. But then, you know what happened." For 34 days, the Israeli bombs continued to fall. Two-and-a-half years later I've only had to dodge raindrops on my way to meet the 34-year-old entrepreneur at Café de Prague, a short distance from the original Metropolis Cinema. Mroue has just screened her last film in that location - Mohammed Soueid's documentary My Heart Beats Only For Her. She is on the verge of signing a contract with a larger exhibition outfit that wants her to programme two of their screens under the Metropolis rubric. One screen will feature traditional Metropolis titles, ie local and regional films without Middle East distribution. The other screen will feature retrospectives and programmes of films that are rarely seen but may be more accessible to mainstream audiences.

She is not there when I arrive, so I order coffee and wait. Based on what I know about her, she is not the kind of person to be late. She has a bachelor's degree in economics and for 13 years was a dancer with Lebanon's Caracalla Dance Theatre (the troupe that performed Zayed And The Dream during National Day celebrations in Abu Dhabi last year). Faced with the decision of how to optimise her considerable energies, Mroue opted for the cinema, but it was the orphaned cinema of Lebanon and the Middle East that she chose to nurture.

She joined forces with like-minded people and, with the help of a grant from the Ford Foundation and money from the European Union - "we tried really hard to get money from the Arab world but we totally failed" - they created Beirut DC, a film collective dedicated to fostering Arab filmmaking and exhibiting independent foreign films. Its first major accomplishment was the Ayam Beirut al Cinema'iya Film Festival, Beirut's first film festival focusing on Arab film.

"Nobody was interested in Arab production," she recalls. "People said that the festival was an idea that wouldn't work. Everybody thought we were crazy." There is, of course, no reason to think that they weren't. But the film business, whether it's in Hollywood, Beirut, Bucharest or Beijing would not exist if only the sane were involved. Half an hour passes and I'm still sitting alone in the cafe, feeling a little uncomfortable. Even the waitress, whom I've told that I am waiting for someone, begins to cast long glances in my direction, fearing, I am sure, that I have been stood up.

The door opens and in walks Mroue, her black hair sprinkled with raindrops. She nervously unwraps the scarf from her neck and looks my way, immediately apologising between quick, deep breaths. She had been stuck in Beirut's notorious traffic with no way to contact me. I do my best to put her at ease, and after a couple of minutes, she is completely calm. "Awkward" and "uncomfortable", I soon sense, are not things Hania Mroue often experiences.

"We were not expecting so much interest in Ayam Beirut from the public, from the press, from everybody. And that's what keeps us going, because financially..."her voice trails off with a slight shrug of her shoulders. The film industry is generally thought of as glamorous and monied. In places where there is an established industry, that can be true. Developed production, distribution and exhibition sectors can generate substantial sums of money. Lebanon has not yet reached such heights, however. Production is financed almost entirely from abroad, largely from France, and the few films produced annually make it very difficult to refer to a "Lebanese cinema".

"Today," says Eliane Rehab, a documentary filmmaker who was one of the original founders of Beirut DC and serves as artistic director of Ayam Beirut, "there are three or four established directors who have done feature films - Ghassan Salhab, Ziad Doueiri, Randa Chahal. On the other hand there are many emerging directors who work in experimental film, shorts and documentaries. This 'alternative cinema' is much more dynamic. We can't really talk about Lebanese cinema because we do not have an infrastructure... Unless the state begins to consider a film funding policy, an infrastructure is not likely to develop. The private sector cannot produce for the box office as is possible in Egypt because the population of Lebanon is only four million. The box office will never be profitable."

Mroue has run Metropolis as a non-profit operation since it opened its doors in 2006, paying bills with grant money, donations and funds raised through events. With only 110 seats and ticket prices kept intentionally low, it was logistically impossible for Metropolis to turn a profit even if every screening sold out. However, sold-out screenings have not been unusual. "I can't tell you how many times I've gone to Metropolis only to be turned away because it's full," says the Beirut-based arts writer, Kaelen Wilson-Goldie.

Such success may be gratifying, but according to Rehab, it has exacted a price. "Metropolis is a very important project for the Lebanese cultural scene and the local film community but because it was born in very difficult political circumstances, it has made Hania's life tormented and unstable." Seated across from Mroue at the cafe, and later in the week at Time Out, an old house in Beirut's Achrafieh district that has been converted into a restaurant and lounge, she does not show much sign of torment. She is friendly, lively and sociable, though she often displays the ironic sense of humour born from coming of age in a society that can be dysfunctional.

When I express surprise that so much advertising in Beirut is in English, she tells me: "It's for the tourists. They haven't come yet. Every year the government tells us that they are coming and we keep getting ready. Now, we all speak English and everything is written in English. They haven't come yet but when they do, well, we're ready." After Lebanon's civil war came to its official end almost 20 years ago, Beirut dedicated itself to rebuilding. The downtown area, which had been mostly reduced to rubble, has been entirely rebuilt and is pristine. In fact, it is so pristine that if it weren't for the barbed wire, tanks and machine gun-toting soldiers around the perimeter, it would have little personality. Much of the rest of the city resembles a somewhat rundown town on the French Riviera, with the occasional bullet-pocked wall evidence of a past that only pretends to recede.

"There are many layers to Beirut," Mroue tells me when I express my amazement that the citizens of a city so friendly and seemingly so sophisticated were relatively recently killing one another. "You are not likely to meet people who want to kill you. Nobody wants to kill anybody anywhere in the world. But the person you meet who is so nice to you, you don't know what kind of ideas they have, or what they believe about many things because you don't talk to them about that. We don't talk about the civil war. Downtown, all the buildings were reconstructed. There are no traces of the civil war except inside ourselves. Sometimes I go out at night and I think 'Wow! Beirut! What a city! Where are the 16 years of civil war?' But, of course, it is still there."

Both Beirut DC and Metropolis are the fruits of Beirut's cultural regeneration following the civil conflict and occupation by both Israel and Syria. The city's unique location at the eastern tip of the Mediterranean, a crossroads for countless cultures and peoples across the millennia, inevitably fostered a vibrant cultural life. It also fostered the very conflict that stomped on that vibrancy. But the conflict of more tangible effect is the war of 2006.

"After the war, it was very difficult to sustain Metropolis," Mroue says. "It was very difficult to get money because all the funding went to humanitarian needs. It was also difficult to get films because we could only screen films that did not have distributors in Lebanon, and we did not have the money to transport all the films that we would like to screen. And then when we got the films we had to deal with censorship."

Funds continue to be of utmost concern. "There's money here," she says, "but not for culture." The backing of a major exhibition chain should wipe away much of those lingering problems, but there will be others. Mroue is expecting resistance from Beirut's established distributors, all of whom operate in various countries in the Middle East because no Arab country other than Egypt has a population and a tradition that can make operating in just one country lucrative.

"I represent about 0.5 per cent of the market," Mroue says. "I'm not a threat to their business, but they don't want another distributor in the market." Mohammed Soueid, one of Lebanon's best-known documentary filmmakers who is a founder of Beirut DC, believes that Metropolis's survival as a commercial venture is irrelevant. "Lebanon is not secure all of the time," he says, "and any kind of venture is always precarious. There is very little room for hope. When Metropolis opened, there had been no new theatre opened for 10 years. But it's a non-profit, and a film programme alone is not enough to sustain it. You need a multidisciplinary programme to promote the undertaking - festivals, workshops and other events. Its survival as a business is not really the point."

In a country such as Lebanon, so wracked with division and a perpetual potential for violence that is periodically realised, the ability to hope and dream can be savaged by the daily reality. Films produced by the Hollywood "dream machine" are regularly booked into mainstream Lebanese cinemas, but they offer only a short respite. "We are not part of the dream machine," Mroue says of Metropolis and Beirut DC, "but the dream is very much a part of it. We invited Catherine Deneuve [for the premiere of Je Vieux Voir, a documentary that features her as she tours the destruction of the 2006 Israeli bombing] and she came and everyone was delighted to come watch the film with her. That's part of the dream. It's important to make people dream because that is also something that is being lost.

"We live in a very difficult political environment. Somehow we are not allowed any more to dream - if you dream about an art project, a film you want to make, a house you want to buy, it is so difficult. Nobody will help you. So at the end of the day, the reality is much more powerful than the imagination. No matter how creative the people in Hollywood are, the war of 2006 was more powerful. It is important to give people the space to dream."

When I ask Hania Mroue what she dreams of, there is a long silence. For a few moments, it feels as if she has left the table. Her mouth twitches a few times with unformed words and then slowly she begins to speak. "I only dream to see this place, not like it was, because everybody tells me that Beirut in the Sixties was so wonderful, like Paris: that is an image that I grew up with, an image of something before I was born. Now, I would like to see it not as it used to be, but like I dream it to be. Very sophisticated, very multicultural, very much alive, full of energy and not thinking every time you go out that you are risking your life or risking your future... I think this is what I am trying to create with my work."

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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

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Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
BeIN Sports currently has the rights to show

- Champions League

- English Premier League

- Spanish Primera Liga 

- Italian, French and Scottish leagues

- Wimbledon and other tennis majors

- Formula One

- Rugby Union - Six Nations and European Cups

 

The specs: 2018 Ducati SuperSport S

Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

Transmission: Six-speed gearbox

Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

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The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

MATCH INFO

What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany

Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)

The specs

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Power: 480kW

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The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

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MATCH INFO

Mainz 0

RB Leipzig 5 (Werner 11', 48', 75', Poulsen 23', Sabitzer 36')

Man of the Match: Timo Werner (RB Leipzig)

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Three tips from La Perle's performers

1 The kind of water athletes drink is important. Gwilym Hooson, a 28-year-old British performer who is currently recovering from knee surgery, found that out when the company was still in Studio City, training for 12 hours a day. “The physio team was like: ‘Why is everyone getting cramps?’ And then they realised we had to add salt and sugar to the water,” he says.

2 A little chocolate is a good thing. “It’s emergency energy,” says Craig Paul Smith, La Perle’s head coach and former Cirque du Soleil performer, gesturing to an almost-empty open box of mini chocolate bars on his desk backstage.

3 Take chances, says Young, who has worked all over the world, including most recently at Dragone’s show in China. “Every time we go out of our comfort zone, we learn a lot about ourselves,” she says.

UAE's final round of matches
  • Sep 1, 2016 Beat Japan 2-1 (away)
  • Sep 6, 2016 Lost to Australia 1-0 (home)
  • Oct 6, 2016 Beat Thailand 3-1 (home)
  • Oct 11, 2016 Lost to Saudi Arabia 3-0 (away)
  • Nov 15, 2016 Beat Iraq 2-0 (home)
  • Mar 23, 2017 Lost to Japan 2-0 (home)
  • Mar 28, 2017 Lost to Australia 2-0 (away)
  • June 13, 2017 Drew 1-1 with Thailand (away)
  • Aug 29, 2017 v Saudi Arabia (home)
  • Sep 5, 2017 v Iraq (away)
TEACHERS' PAY - WHAT YOU NEED TO KNOW

Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:

- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools

- average salary across curriculums and skill levels is about Dh10,000, recruiters say

- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance

- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs

- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills

- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month

- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

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Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

BUNDESLIGA FIXTURES

Friday (all kick-offs UAE time)

Hertha Berlin v Union Berlin (10.30pm)

Saturday

Freiburg v Werder Bremen (5.30pm)

Paderborn v Hoffenheim (5.30pm)

Wolfsburg v Borussia Dortmund (5.30pm)

Borussia Monchengladbach v Bayer Leverkusen (5.30pm)

Bayern Munich v Eintracht Frankfurt (5.30pm)

Sunday

Schalke v Augsburg (3.30pm)

Mainz v RB Leipzig (5.30pm)

Cologne v Fortuna Dusseldorf (8pm)

EA Sports FC 25
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BUNDESLIGA FIXTURES

Friday Hertha Berlin v Union Berlin (11.30pm)

Saturday Freiburg v Borussia Monchengladbach, Eintracht Frankfurt v Borussia Dortmund, Cologne v Wolfsburg, Arminia Bielefeld v Mainz (6.30pm) Bayern Munich v RB Leipzig (9.30pm)

Sunday Werder Bremen v Stuttgart (6.30pm), Schalke v Bayer Leverkusen (9pm)

Monday Hoffenheim v Augsburg (11.30pm)

APPLE IPAD MINI (A17 PRO)

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Price: From Dh2,099

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

THE LOWDOWN

Romeo Akbar Walter

Rating: 2/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Robby Grewal
Cast: John Abraham, Mouni Roy, Jackie Shroff and Sikandar Kher 

Uefa Nations League: How it works

The Uefa Nations League, introduced last year, has reached its final stage, to be played over five days in northern Portugal. The format of its closing tournament is compact, spread over two semi-finals, with the first, Portugal versus Switzerland in Porto on Wednesday evening, and the second, England against the Netherlands, in Guimaraes, on Thursday.

The winners of each semi will then meet at Porto’s Dragao stadium on Sunday, with the losing semi-finalists contesting a third-place play-off in Guimaraes earlier that day.

Qualifying for the final stage was via League A of the inaugural Nations League, in which the top 12 European countries according to Uefa's co-efficient seeding system were divided into four groups, the teams playing each other twice between September and November. Portugal, who finished above Italy and Poland, successfully bid to host the finals.

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The National in Davos

We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.

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In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric%20vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20undisclosed%20funding.%20Looking%20to%20raise%20funds%20from%20outside%3Cbr%3E%3C%2Fp%3E%0A
Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

THE DETAILS

Director: Milan Jhaveri
Producer: Emmay Entertainment and T-Series
Cast: John Abraham, Manoj Bajpayee
Rating: 2/5

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Volunteers offer workers a lifeline

Community volunteers have swung into action delivering food packages and toiletries to the men.

When provisions are distributed, the men line up in long queues for packets of rice, flour, sugar, salt, pulses, milk, biscuits, shaving kits, soap and telecom cards.

Volunteers from St Mary’s Catholic Church said some workers came to the church to pray for their families and ask for assistance.

Boxes packed with essential food items were distributed to workers in the Dubai Investments Park and Ras Al Khaimah camps last week. Workers at the Sonapur camp asked for Dh1,600 towards their gas bill.

“Especially in this year of tolerance we consider ourselves privileged to be able to lend a helping hand to our needy brothers in the Actco camp," Father Lennie Connully, parish priest of St Mary’s.

Workers spoke of their helplessness, seeing children’s marriages cancelled because of lack of money going home. Others told of their misery of being unable to return home when a parent died.

“More than daily food, they are worried about not sending money home for their family,” said Kusum Dutta, a volunteer who works with the Indian consulate.

How to protect yourself when air quality drops

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.

W.
Wael Kfoury
(Rotana)

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

FIXTURES

All games 6pm UAE on Sunday: 
Arsenal v Watford
Burnley v Brighton
Chelsea v Wolves
Crystal Palace v Tottenham
Everton v Bournemouth
Leicester v Man United
Man City v Norwich
Newcastle v Liverpool
Southampton v Sheffield United
West Ham v Aston Villa

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Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.