Some sections of the Friday Market shops were reduced to rubble.  Jeffrey E Biteng / The National
Some sections of the Friday Market shops were reduced to rubble. Jeffrey E Biteng / The National

Clean up begins at fire-ravaged Fujairah market



FUJAIRAH // Devastated shop owners are counting the cost of a fire that tore through Masafi’s Friday Market at the weekend.

The blaze, which destroyed 13 carpet and furniture shops and 16 fruit and vegetable outlets, broke out about 5pm on Saturday. No injuries were reported.

But business owners say they face ruin because insurers do not recognise them as shops

Carpet shop owner Bustan Jalil, 68, said he lost everything to the fire.

“We lost official documents, 15 passports and a shop worth Dh15 million,” said Mr Jalil, who owns Al Bustan. “The insurance doesn’t cover anything because they don’t consider us as regular shops.

“I have 15 workers and we will wait for the municipality to finish cleaning the area to rebuild.”

Mohammed Al Afkham, director of Fujairah Municipality, said the clean-up would be finished in a week and prevention measures would be introduced.

“We are planning to provide firefighting training courses to the workers and shop owners,” Mr Al Afkham said.

“We will also work on building cement partitions between stalls to control fires.”

Another carpet shop, Al Safa, was also destroyed.

“I have been working in the carpet business for 22 years and this is my biggest loss in years,” said owner Mohammed Khan, 55, from Pakistan. “It’s our family business. All of my sons and brothers are working with me and we are in deep shock.

“We had Dh13m worth of merchandise and I don’t know what will happen next.

“No compensation from any insurance would cover this case – they consider us stalls not shops.”

As a result of the blaze, Fujairah Civil Defence will impose new safety requirements at all shops in the souq to provide a comprehensive database of security and safety systems inside the market, reported Al Ittihad, the Arabic-language sister paper of The National.

Those who fail to obey the rules will face fines, said Col Ali Al Tunaiji, director of Fujairah Civil Defence.

​Hajal Acharjee, 42, has been selling vegetables in the market for 17 years.

“The fire was huge and this is the first time such a thing happened here in the market,” Mr Acharjee said. “We don’t have fire extinguishers and we don’t know how to deal with fire if it occurs.

“It took them more than six hours to control the fire and 45 minutes to arrive at the site. The fire ate everything within about 15 to 20 minutes due to the huge amount of carpet and rugs.”

He said more safety precautions and fire extinguishers should be installed.

Witnesses said it did not take long for the fire to spread.

“The fire started quickly in the carpet shop near the Adnoc gas station and everybody started running and calling the police and it took 15 minutes to destroy around 29 stalls,” said Bangladeshi Mohammed Masum, 27.

Mr Masum said that an electrical fault was believed to have started the fire.

“The firefighters stopped near the gas station to prevent the fire from reaching the station, which would have caused a disaster,” he said. “But the wind was on their side. Workers said that an electrical fault in one of the bulbs caused the fire.”

rhaza@thenational.ae

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The UN General Assembly President in quotes:

YEMEN: “The developments we have seen are promising. We really hope that the parties are going to respect the agreed ceasefire. I think that the sense of really having the political will to have a peace process is vital. There is a little bit of hope and the role that the UN has played is very important.”

PALESTINE: “There is no easy fix. We need to find the political will and comply with the resolutions that we have agreed upon.”

OMAN: “It is a very important country in our system. They have a very important role to play in terms of the balance and peace process of that particular part of the world, in that their position is neutral. That is why it is very important to have a dialogue with the Omani authorities.”

REFORM OF THE SECURITY COUNCIL: “This is complicated and it requires time. It is dependent on the effort that members want to put into the process. It is a process that has been going on for 25 years. That process is slow but the issue is huge. I really hope we will see some progress during my tenure.”

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Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Charlotte Gainsbourg

Rest

(Because Music)

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The low down

Producers: Uniglobe Entertainment & Vision Films

Director: Namrata Singh Gujral

Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark

Rating: 2/5


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