I bought a plane ticket at the Emirates Airline office in Abu Dhabi to attend a family funeral. While a more friendly customer service representative would have been appreciated, I was also disturbed to learn that I could not pay with my Visa Electron debit card. The unfriendly representative told me it was cash or credit card only, and I had to walk around the corner to use an ATM so I could pay by cash. I have never owned a credit card, as I believe it encourages irresponsible spending, and it was very disappointing to learn that Emirates Airline is complicit in the UAE's heavy reliance on credit cards. Is there any solid reason why Emirates don't allow the use of debit cards for over-the-counter transactions?
GL Abu Dhabi
It's disappointing to hear of situations like this, so the queries were forwarded to Emirates Airlines for their comments. After investigation, they have advised as follows: "Our sales manager has tried to get in touch with GL using all her contact numbers, without success. We have upgraded her on her return flight, and Emirates' Airport Services staff will meet her in Sydney when she checks in. What had happened in our Abu Dhabi sales office was an individual mistake, and we have addressed this directly with the employee concerned. While we are sure that all of our sales staff are aware that Emirates accepts debit cards, we have since sent a reminder to all to avoid a repetition of this incident."
GL does not have international roaming on her phone, but I was able to contact her and inform her on the new arrangements. This gesture from Emirates is much appreciated and will make a difficult journey a little easier.
I recently vacated my rented apartment and shifted to a new one. I kept the place clean for a year, and after seeing the apartment the landlord agreed to do a money transfer of the complete deposit amount to my bank account. It has been two weeks, and after repeated reminders via e-mails and phone the landlord is not responding. My contract has already expired and I have given the landlord the keys to the apartment. Is there a legal course I can take to get the deposit back from the landlord? SG Dubai
As the landlord has agreed that the deposit is to be refunded, there is no reason why he should delay payment. You are legally entitled to these funds, and if he refuses to pay you, can take your complaint to the police. You could employ a lawyer and take him to court, but the costs would be excessive given the amount to be recovered. I suggest, however, that you e-mail him pointing out that you are aware of your rights and will be taking legal action unless he makes payment in full within seven days. Remind him that you have the receipt for the deposit and the original rental contract, which specifies the amount. It's shameful for landlords to behave in this way.
I work for a company in Abu Dhabi and have not been paid my salary for four months. I want to know where I stand. Is it true that if you have not been paid for a certain amount of time that you can transfer your visa (if you find another job) without obtaining an No Objection Certificate (NOC) from your current employer? Also, is there a system over here to protect the rights of employees?
JF Abu Dhabi
Your employer is breaking the law by not paying you; despite what some companies seem to think, this is not optional, regardless of circumstance. Sadly, I am hearing of more and more cases where companies are not paying their employees. The Ministry of Labour is particularly sympathetic and helpful in this kind of situation, and you have the right to take your case to them. The Ministry's helpline telephone number is 800655. Employees are not liable for court fees. Regarding the labour ban, it was announced in August 2009 that if an employee has not been paid for two months or more they have the right to change jobs without having to provide a NOC. Essentially, workers have the right to leave their employer without adhering to the required notice period if the company does not fulfil its commitments, as stipulated in the employment contract.
Keren Bobker is an independent financial adviser with Holborn Assets in Dubai. Write to her at keren@holbornassets.com
Letters can also be sent to onyourside@thenational.ae
Last 10 NBA champions
2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2
Bib%20Gourmand%20restaurants
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Common%20symptoms%20of%20MS
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Results
5pm: Maiden (PA) Dh80,000 (Turf) 1,200m. Winner: Majd Al Megirat, Sam Hitchcott (jockey), Ahmed Al Shehhi (trainer)
5.30pm: Handicap (PA) Dh80,000 (T) 1,600m. Winner: Dassan Da, Patrick Cosgrave, Helal Al Alawi
6pm: Abu Dhabi Fillies Classic Prestige (PA) Dh110,000 (T) 1,400m. Winner: Heba Al Wathba, Richard Mullen, Jean de Roualle
6.30pm: Abu Dhabi Colts Classic Prestige (PA) Dh110,000 (T) 1,400m. Winner: Hameem, Adrie de Vries, Abdallah Al Hammadi
7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 2,200m. Winner: Jawal Al Reef, Richard Mullen, Ahmed Al Mehairbi
Handicap (TB) Dh100,000 (T) 2,200m. Winner: Harbour Spirit, Adrie de Vries, Jaber Ramadhan.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Name: Colm McLoughlin
Country: Galway, Ireland
Job: Executive vice chairman and chief executive of Dubai Duty Free
Favourite golf course: Dubai Creek Golf and Yacht Club
Favourite part of Dubai: Palm Jumeirah
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.
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
ENGLAND TEAM
Alastair Cook, Mark Stoneman, James Vince, Joe Root (captain), Dawid Malan, Jonny Bairstow, Moeen Ali, Chris Woakes, Craig Overton, Stuart Broad, James Anderson
Read more from Aya Iskandarani
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
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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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.
Company%20Profile
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Bridgerton%20season%20three%20-%20part%20one
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The specs: 2019 Chevrolet Bolt EV
Price, base: Dh138,000 (estimate)
Engine: 60kWh battery
Transmission: Single-speed Electronic Precision Shift
Power: 204hp
Torque: 360Nm
Range: 520km (claimed)
Teri%20Baaton%20Mein%20Aisa%20Uljha%20Jiya
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Company%20Profile
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Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Company%C2%A0profile
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Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
In%20the%20Land%20of%20Saints%20and%20Sinners
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