Exhibition to carry stamps of UAE's postal history



Arab history will be brought to life in a most unusual way this month, as tales of Arab and Islamic heritage will be told through collections of stamps and envelopes. Stamps from around the Arab world, some dating back to the 1830s, will be on display during the first Sharjah Arabian Stamp Exhibition from September 22 to September 27 at Mega Mall.

"Stamps reflect the history, geography, political changes and economy of the issuing country," said Abdullah Khouri, president of the Emirates Philatelic Association, the organiser of the event. "Arab stamp collections have been exhibited around the world and won awards, but they've been scattered, with one collection showing in Australia and another showing in the UK, so we wanted to gather them all under one roof."

The exhibits will feature various Arab countries and cities; including Iraq, Baghdad, Oman, Egypt, Dubai, Qatar, Kuwait and Bahrain. One of the oldest items is an envelope dating back to April 3, 1833, sent from Muscat to the US addressed to Ann Ruschenberger. Her husband, who was a doctor on a mission in Muscat, sent it on a ship called the Peacock which had sailed to Muscat to deliver a letter from the US president to the Sultan of Oman, so the doctor sent a letter to his wife back with the ship, explained Mr al Khouri, 48.

A collection featuring the development of postal services in Dubai between 1909 and 1948 will be displayed by Mr Khouri, who has been a stamp collector since he was eight. Another collection will feature stamps from Baghdad during the British occupation from 1917 to 1923. "My two most valuable items would be a cover with a pair of Baghdad in British Occupation stamps, one of which has the word Baghdad missing, which is the only copy known," said Freddy Klatastchy, the owner of the collection.

"The other item is a multiple of eight of the 6-annas Iraq in British Occupation stamp issued in 1918, with two stamps missing the central vignette. Again these are the only two known copies," he added. Other activities will include a workshop by international stamp experts and judges from New Zealand Jenny Banfield and her husband Norman Banfield, to teach stamp collectors how to participate in international exhibitions.

A lecture will be given on the history of stamps in Kuwait, and an auction will be held of valuable unique stamps and coins from the Arab world. The auction's revenues will go to charity. "Our goal is also educational, so there will be contests for children to help them develop a passion for stamps which will grow with them when they're older," Mr al Khouri said. A contest run by Emirates Post will have children design a stamp for the UAE national day.

Alongside the main exhibition, there will be a display of other stamps owned by hobbyists and members of the Emirates Philatelic Association, and people will be able to buy and sell stamps as dealers from countries such as the UK, US and Australia will be setting up booths, said Mr al Khouri "I expect everybody who's interested in stamps from the UAE and the Gulf to attend." The participating exhibits will be up to international standards with five frames (80 pages) or eight frames (128 pages). They will all be based on an Arab country, and winners of a large Vermeil medal, explained Khalid al Omaira, the commissioner general of the exhibition.

"This is the first time such an exhibition is held, focusing exclusively on Arab items," he said.

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Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
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Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

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The Freedom Artist

By Ben Okri (Head of Zeus)

The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

UAE currency: the story behind the money in your pockets
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Name: Hassan Mohsen Elhais

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

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Install an air filter in your home.

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Rating: 2.5/5

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Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
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