Manchester City's Jo (right) and Ricardo Carvalho of Chelsea jump for the ball during Saturday's game.
Manchester City's Jo (right) and Ricardo Carvalho of Chelsea jump for the ball during Saturday's game.

Abu Dhabi trip planned for City



The Manchester City manager Mark Hughes and several leading players, including his record British signing Robinho, are to visit Abu Dhabi as part of a campaign to promote the UAE capital by the club's new owners. Hughes and his team were formally invited to Abu Dhabi over the weekend as Manchester City faced their first game against Chelsea following the takeover by investors led by Sheikh Mansour bin Zayed, which has dominated the football world in recent days.

While no date has yet been fixed, it is believed that Hughes and some of his players could be in the capital by the end of next month, depending on the team's fixture commitments. The new owners are also examining ways in which Manchester City players could be used commercially in promoting Abu Dhabi as they attempt to ensure that their investment brings benefits beyond football. The club also feel that a visit from the manager and players would help establish them within the region and develop a following among Gulf football fans.

Plans are already being made to ensure that City's youth teams take part in the annual Abu Dhabi youth tournament, one of the most competitive in the world. This year's participants included Athletico Madrid, Liverpool and several leading Brazilian teams. A Manchester City official said: "The manager and the players have had an invitation to visit Abu Dhabi and hopefully we will be able to arrange something very soon.

"Obviously we will have to look at the fixtures but we anticipate a short visit. It would be useful for both the club and the new owners. We are already working on plans for our youth teams to take part in a tournament in Abu Dhabi next year. This should just be the start of a long and fruitful relationship." Meanwhile Hughes revealed that following Saturday's 3-1 defeat to Chelsea, he hopes that some of the hysteria surrounding the club since the takeover was announced may now start to quell.

Robinho, Britain's costliest signing at £32.5million (Dh213m) signing, scored on his debut but Hughes warned that the result should serve as a reality check for some City fans. Hughes said: "It wasn't a reality check from our point of view. We are still very early in our development as a squad and a team. "But some people have got a little bit ahead of themselves and a little bit hysterical. We know the level we are at.

"Chelsea were excellent in the second half. They set traps for you. In the end, it was a fair result, we have no qualms about that." The Abu Dhabi takeover has still to be ratified by the English Premier League but was given an informal vote of confidence by the League's chief executive Richard Scudamore. Speaking on BBC radio, Scudamore said: "I know they are very decent business people and they want to do business in the right way. They want to do this with credibility. There is no point for any group from Abu Dhabi investing in English football and not enhancing their reputation in doing so.

"This money will not just be thrown at this without any sort of objectivity. I think it will be done properly, it will be done decently. If their ambition is to come in and win there is nothing wrong with that." @Email:vchaudhary@thenational.ae

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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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'Nope'
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The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
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
 
 
 
 
 
 
 
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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
What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

UAE currency: the story behind the money in your pockets
SPECS
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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.


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