Sometimes all you need is an average joe



A cup of tepid, weak black coffee is my usual desk-side companion. It's a good thing I take it black and unsweetened; in a jittery flurry of deadlines, I've spilt cold coffee on my keyboard more times than I care to admit, and milk and sugar both leave dangerous conductive residues behind when they dry, thus elevating the risk of permanent damage. Coffee is one epicurean bandwagon I've never been tempted to navigate. I've had the good fortune of experiencing some wonderful coffee, too; freshly roasted and at San Francisco's Blue Bottle Coffee Co artisanal microroasters - but still I've managed to resist falling into its dark and infinite depths. An incident last week at a tiny espresso counter wasn't the first time I've disappointed an eager coffee-worshipping friend who has hoped to transfer some of their love for fine coffee onto me. It never works. "That espresso was nice," I said. "But what I had in mind when I said I wanted coffee was something a little more... subdued."

I wasn't always this way. I used to sit up and beg for a friend's homemade version of Rhode Island's official state drink, "coffee milk". Her version, rather than being made from a packaged syrup, included dark, glassy cubes of coffee that had been frozen in ice trays and plopped into tall glasses of milk where they melted and bobbed and swirled languorously in a deliciously slow miasma. But this wasn't coffee; it was dessert - a mere riff on coffee as far as I can see - not a substitute, and though delicious, had no more to do with an ordinary cup of joe than a mocha-chip sundae or one of those obnoxiously sweet bottled hyper-caffeinated java drinks.

It's 8am on a weekday morning, and I'm at a coffee shop on Hamdan Street. In the US, I'd grown accustomed to coffee houses such as this being built on the premise that the grabbing of a morning cup of coffee is ritualistic one-stop shopping in a paper cup, usually done solo and consumed on the run. In the UAE, however, coffee grounds; there are social implications to having coffee, and it is almost always drunk while sitting down and taking a break. I marvel at the sundae-like towers of burgeoning diabetes: blended sugar and froth. The patron ahead of me is rapping out the specifications for some custom Byzantine caffeine cocktail on ice, replete with half-pumps and extra drizzles. It sounds like a theatre prop.

Does good coffee have to be a shot in the dark? Approximately 20 million people worldwide earn their livelihood from the coffee industry. American coffee franchises took off in the Arab world soon after they were first introduced, due to good marketing, corporate smarts, killer locations, and a sense of novelty and luxury. As I watched the winding queues in July 2006 outside a Starbucks in Beirut, amid military conflict and in spite of the CEO of the chain Howard Shultz's rumoured Zionism, I realised that Frappuccinos are also no longer a negotiable luxury, even in the face of personal conviction. Has the economic downturn affected the frequency with which people are ordering fancy coffee drinks in favour of plain coffee? Not at all. As it turns out, some people would rather sacrifice a lot of other things first.

The flavour of dark-roasted coffee is not the taste of the bean itself; it is the roast. Light roasts are generally more highly caffeinated, because the roasting process destroys caffeine. Often, I'll see an oily slick on the surface of a fresh cup of coffee, which is a sign that it was over-roasted. Anyone who favours starting her day with a triple latte might be interested in knowing that espresso has less caffeine than drip coffee; less of its water-soluble caffeine is extracted due to its much shorter brewing time.

One of my favourite errands to run is picking up freshly ground Arabic or "Turkish" coffee at Beirut Roastery. Like Czech, Polish and cowboy-style coffee, brewed in a pot and strained through a filter of careful movements and wishful thinking, Arabic coffee is muddy, grainy and rich. It is most often taken, as a Czech proverb goes, "black as the devil's heart and sweet as a stolen kiss". And anyone who has drunk enough Arabic coffee in the company of women knows that microcosmic road maps left behind by coffee grounds offer endless opportunities for awkward moments with someone's fortune-telling grandmother. But nothing beats the amber gahwa of this region, and it continues to be considered a hugely important part of Arab hospitality.

Ordering coffee in many formerly colonised places means being served a cup of instant coffee, often with evaporated milk. More often than not, when I ask for my preferred drink, plain old drip coffee, at a coffee shop in Abu Dhabi, I am countered with a blank stare. Am I certain I don't want an Americano? Yes, I want ordinary drip coffee, and I'm happy to wait while it brews.

Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
UAE currency: the story behind the money in your pockets
The biog

First Job: Abu Dhabi Department of Petroleum in 1974  
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Indian origin executives leading top technology firms

Sundar Pichai

Chief executive, Google and Alphabet

Satya Nadella

Chief executive, Microsoft

Ajaypal Singh Banga

President and chief executive, Mastercard

Shantanu Narayen

Chief executive, chairman, and president, Adobe

Indra Nooyi  

Board of directors, Amazon and former chief executive, PepsiCo

 

 

Company%20Profile
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MATCH INFO

Uefa Champions League semi-finals, first leg
Liverpool v Roma

When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome

Start-up hopes to end Japan's love affair with cash

Across most of Asia, people pay for taxi rides, restaurant meals and merchandise with smartphone-readable barcodes — except in Japan, where cash still rules. Now, as the country’s biggest web companies race to dominate the payments market, one Tokyo-based startup says it has a fighting chance to win with its QR app.

Origami had a head start when it introduced a QR-code payment service in late 2015 and has since signed up fast-food chain KFC, Tokyo’s largest cab company Nihon Kotsu and convenience store operator Lawson. The company raised $66 million in September to expand nationwide and plans to more than double its staff of about 100 employees, says founder Yoshiki Yasui.

Origami is betting that stores, which until now relied on direct mail and email newsletters, will pay for the ability to reach customers on their smartphones. For example, a hair salon using Origami’s payment app would be able to send a message to past customers with a coupon for their next haircut.

Quick Response codes, the dotted squares that can be read by smartphone cameras, were invented in the 1990s by a unit of Toyota Motor to track automotive parts. But when the Japanese pioneered digital payments almost two decades ago with contactless cards for train fares, they chose the so-called near-field communications technology. The high cost of rolling out NFC payments, convenient ATMs and a culture where lost wallets are often returned have all been cited as reasons why cash remains king in the archipelago. In China, however, QR codes dominate.

Cashless payments, which includes credit cards, accounted for just 20 per cent of total consumer spending in Japan during 2016, compared with 60 per cent in China and 89 per cent in South Korea, according to a report by the Bank of Japan.

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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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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

Rashid & Rajab

Director: Mohammed Saeed Harib

Stars: Shadi Alfons,  Marwan Abdullah, Doaa Mostafa Ragab 

Two stars out of five 

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Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

The Equaliser 2

Director Antoine Fuqua

Starring: Denzel Washington, Bill Pullman, Melissa Leo, Ashton Sanders

Three stars

UAE%20SQUAD
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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.

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Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

'Fantastic Beasts: The Secrets of Dumbledore'

Rating: 3/5

Directed by: David Yates

Starring: Mads Mikkelson, Eddie Redmayne, Ezra Miller, Jude Law

APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

AL%20BOOM
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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 PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

Porsche Taycan Turbo specs

Engine: Two permanent-magnet synchronous AC motors

Transmission: two-speed

Power: 671hp

Torque: 1050Nm

Range: 450km

Price: Dh601,800

On sale: now


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