It's time to hear the good news from Dubai



Not many businesses are making more money in the present global climate, but for a few lucky professionals, this is clean-up time. Insolvency lawyers, administrators and corporate investigators, for example, are almost turning down jobs, or having to hastily recruit staff to deal with the wrecks that have been left exposed by the falling economic tide. Add to these one other class - the communications industry. When times are tough, the spin doctors really get going, because even relatively impoverished bankers and financiers need to think about their image, with an eye to the post-recession jobs market. When your reputation is all important, you have to be sure it remains as unsullied as possible by association with the disasters taking place all around you. As the saying goes: "A good reputation is more valuable than money."

The decision makers of Dubai obviously agree. I hear that a senior delegation of the emirate's financial and economic elite made a trip to London last week to consult some of the biggest names in the world communications business. Their mission was to find out why Dubai seems to have been getting a rough ride in the international press, and what can be done to put it right. Apparently they met some of the top names in the western public relations industry, including Bell-Pottinger, the group headed by Lord Bell of Belgravia, the communications adviser to the former British prime minister, Lady Thatcher; and M Communications, the firm run by the slick duo of Nick Miles and Hugh Morrison, which recently won the mandate to handle communications for Abu Dhabi's Aldar.

There may have been others pitching too - Finsbury, the London firm run by Roland Rudd, a friend of the British business minister, Lord Mandelson, was also whispered - but in any case we shall know the lucky winner in the near future. A shortlist of candidate firms is to present their credentials again in Dubai later this week, from which one will be chosen to present the case for Dubai Inc. On a scale of difficulty, it is not the hardest job any of these firms will have landed. Dubai is a great success story, rising from the sands in just a few decades to become the leading commercial and business hub of the Gulf. If Dubai Inc had a quoted share price, it would have shown 20 years of rocket-fuelled growth, with only a little blip in the past six months. But then, what stock has not fallen steeply in this crisis of world capitalism?

Dubai can tell the world about the sophisticated and advanced infrastructure in place in the emirate; the growing financial hub that is the Dubai International Financial Centre; and the tolerant and encompassing cultural environments that make it a good place to live and work. Perhaps more than any other city in the world, Dubai has shown how Islamic society can live and interact with other religions, cultures and peoples to their mutual benefit.

It can also point to the resilience and cohesion of the federal structure of the UAE, as most recently demonstrated by the backing from the Central Bank for Dubai's recession-busting US$20 billion (Dh73.46bn) bond. There is no need to get a spin-doctor to work on the synergies that come from a union of energy-rich Abu Dhabi and commercially dynamic Dubai - it is self-evident. But retelling this story forcefully and persuasively would do no harm.

Dubai can, finally, highlight the vision and leadership of Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, who has carried on the diversification work of his brother and father before him to make the emirate what it is today. His name, held in such high international regard, should be linked inextricably with Dubai Inc. The spin-doctors will single out the need for transparency and openness in economic and business matters, and the Dubai delegation probably will point out politely that this has been a developing trend in the emirate's business affairs over the past few years. Dubai will, of course, reserve the right to determine the speed of the development of that trend.

The consultants, with one eye on their contacts in the international media, will also present the case for greater openness in dealings with the media. Dubai should take all this advice on board and act as it thinks appropriate. After all, that is why you pay for advice - so you can reject and select according to your own criteria. But it is not the most difficult thing in the world to be an advocate for Dubai. Compared with all those bankers and financial corporations spending millions to rehabilitate their shattered reputations, it is easy money for the communications industry. Dubai is still a good news story, even if the telling requires a little more ingenuity.

business@thenational.ae

Company%20Profile
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Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
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

Types of bank fraud

1) Phishing

Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

2) Smishing

The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

3) Vishing

The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

4) SIM swap

Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

5) Identity theft

Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

6) Prize scams

Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

The%20US%20Congress%20explained
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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

Singham Again

Director: Rohit Shetty

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

Rating: 3/5

%E2%80%98FSO%20Safer%E2%80%99%20-%20a%20ticking%20bomb
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Hales' batting career

Tests 11; Runs 573; 100s 0; 50s 5; Avg 27.38; Best 94

ODIs 58; Runs 1,957; 100s 5; 50s 11; Avg 36.24; Best 171

T20s 52; Runs 1,456; 100s 1; 50s 7; Avg 31.65; Best 116 not out

Veil (Object Lessons)
Rafia Zakaria
​​​​​​​Bloomsbury Academic

Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
Company%20Profile
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Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

SOUTH%20KOREA%20SQUAD
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COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

Company%20profile
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The specs

Engine: 8.0-litre, quad-turbo 16-cylinder

Transmission: 7-speed auto

0-100kmh 2.3 seconds

0-200kmh 5.5 seconds

0-300kmh 11.6 seconds

Power: 1500hp

Torque: 1600Nm

Price: Dh13,400,000

On sale: now

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

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
COMPANY%20PROFILE
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Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

COMPANY%20PROFILE
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SPECS%3A%20Polestar%203
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ELong-range%20dual%20motor%20with%20400V%20battery%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E360kW%20%2F%20483bhp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E840Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%3Cbr%3E%3Cstrong%3EMax%20touring%20range%3A%3C%2Fstrong%3E%20628km%3Cbr%3E%3Cstrong%3E0-100km%2Fh%3A%3C%2Fstrong%3E%204.7sec%3Cbr%3E%3Cstrong%3ETop%20speed%3A%3C%2Fstrong%3E%20210kph%20%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh360%2C000%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ESeptember%3Cbr%3E%3C%2Fp%3E%0A
The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

The Baghdad Clock

Shahad Al Rawi, Oneworld

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5