Manwel Yehya is the marketing manager of US-based Momentum Beauty Products in the nail and skin care industry. He says that what inspires him is the level of competition in the UAE and especially Dubai. A native of Lebanon, he has been living in Dubai for the past 10 years
How would you describe your financial journey so far?
There are of course some ups and downs that everyone goes through in terms of financial journey. But I believe in learning from the experiences that I face. I have always made my investments with careful planning and thorough study. So I can say that currently my financial journey is running smoothly. I've got some investments that I am looking forward to grow, no burden on credit cards or loans.
Are you a spender or a saver?
More of a saver as I only buy important things on important occasions. I also ensure I save for my children's better future. Saving is a practical aspect of trying to plan ahead for major expenses. Also, in terms of emergencies, it is so important to be saving money. I believe in setting realistic saving goals and start saving accordingly. But this does not mean I don't enjoy or spend at all. I avoid spending on unnecessary items. Sometime we just get carried away and end up buying things that we don't need. Spending wisely leads to a better and comfortable future and that's what I believe in. There should be a proper balance in spending and saving money.
What is your philosophy regarding money?
Money is something that helps me to live a better life. Managing your money properly can make a big difference to your lifestyle both now and into the future. One should plan for his financial future to make his life more enjoyable. Also, money does not make one rich. Your family and friends, good health and mental peace are most important in life.
Did you make any financial mistakes along the way?
Personal and career wise [as] you go along [there are] some financial mistakes, but it was not this major, so I could overcome it in short time. I always believe that you should learn from your mistakes. It is OK to commit mistakes but repeating the same thing can be harmful. So I do not regret any decisions I have taken as they have helped me in understanding my finances in a better way.
Do you believe in planning for the future?
Definitely. As I have my children to look after and make sure that their future is secured, I need to plan my future accordingly. Securing our lives through financial planning is of utmost importance if you want to lead a quality life. You spend your entire life working hard so that you can lead a peaceful life after retirement.
Is money important to you?
Money is important for everyone. We use money to buy shelter, food and pay our children's education. Money is also important to meet responsibilities of your family at different stages of life. Times have changed now. What was once considered as luxuries of life have now become the necessities. So yes, money is definitely important to me. But I also believe that money cannot buy everything. You need the support of your family and loved ones throughout your life.
What do you enjoy spending money on?
I like cars and historical stuff. I love buying gifts and surprise people. I have two kids, so of course I love spending on them. Be it outfits, toys or ice-creams, I love to see the big smile on their faces and hence completely enjoy spending on them. It will be difficult to give an exact figure as it really depends but I do spend on myself and my family a good amount of money to fulfil my desires.
pf@thenational.ae
The%20specs
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The%20specs
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Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
COMPANY%20PROFILE
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MATCH DETAILS
Chelsea 4
Jorginho (4 pen, 71 pen), Azpilicueta (63), James (74)
Ajax 4
Abraham (2 og), Promes (20). Kepa (35 og), van de Beek (55)
TCL INFO
Teams:
Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan
Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
Timeline October 25: Around 120 players to be entered into a draft, to be held in Dubai; December 21: Matches start; December 24: Finals
Tightening the screw on rogue recruiters
The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.
Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.
A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.
The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.
The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.
Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.
Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment
But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.
Match info
Manchester United 1 (Van de Beek 80') Crystal Palace 3 (Townsend 7', Zaha pen 74' & 85')
Man of the match Wilfried Zaha (Crystal Palace)
Tax authority targets shisha levy evasion
The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.
Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".
The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.
He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.
"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.
As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.
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.
Sweet%20Tooth
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the pledge
I pledge to uphold the duty of tolerance
I pledge to take a first stand against hate and injustice
I pledge to respect and accept people whose abilities, beliefs and culture are different from my own
I pledge to wish for others what I wish for myself
I pledge to live in harmony with my community
I pledge to always be open to dialogue and forgiveness
I pledge to do my part to create peace for all
I pledge to exercise benevolence and choose kindness in all my dealings with my community
I pledge to always stand up for these values: Zayed's values for tolerance and human fraternity
COMPANY%20PROFILE
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Company%20Profile
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Company%20Profile
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Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
The specs
Engine: 3.0-litre 6-cyl turbo
Power: 435hp at 5,900rpm
Torque: 520Nm at 1,800-5,500rpm
Transmission: 9-speed auto
Price: from Dh498,542
On sale: now
Various Artists
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
COMPANY%20PROFILE%20
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