UMM AL QUWAIN // The ban on fishing in the creek has been lifted but fishermen face a tough few weeks as they bring in catches in soaring temperatures during Ramadan.
The annual four-month ban to help replenish fish stocks ended at the start of last month, giving crews just a few weeks to make the most of the reopened waters before the start of the holy month, when fasting and the heat make working extremely difficult.
Most boats remain in the harbour during Ramadan, but a few still venture out in the early hours each day to supply fish to the markets.
"Most fishermen in the emirate work on small vessels that either go to the sea or in the creek for just a day and return," said Saeed Ahmed, an Emirati fishing boat captain. "There are a few commercial vessels that can go on the sea for more than two days in UAQ.
"In Sharjah they have ... big vessels that go and stay in the sea for about a week or two."
Another fisherman, Sami Ahmed, said that most Emirati fishermen learnt their trade by joining family or friends on boats.
"Once they have attained enough experience and started being captain of their own boats, they would go on to train most of their fleet's workers from Bangladesh or India.
"Some of these workers come to the UAE with good experience from their country's seas and enrich the Emirati fisherman."
Gulassi J, 40, an Indian, has been a fisherman in the UAE for 20 years.
He learnt his skills from an Emirati captain while a young man and now leads a team on his boat, as well as training any recruits.
Despite his experience, he still finds the work tough.
"Our biggest problem as fishermen here is salaries," he said.
"Our bosses give us very little, so you can't afford to eat good food or think of getting married."
He earns Dh600 a month and shares a room in UAQ with four crew mates.
Solomon Y, another fisherman, said the crew went to sea or the creek at 5am when the weather was cooler. "Sometimes we can come back for a break when it's very hot and go back in the afternoon," he said.
"There are times when we come back only at night, it all depends on the captain's mood."
Anthony M, from India, said fishing boats could only go to sea with their Emirati captain on board in line with Coastguard and immigration rules. Only specially licensed Emirati fishermen are allowed to work the creek.
Traditionally, fishing becomes more difficult during the summer as stocks migrate to cooler waters, making them harder to find, resulting in smaller catches and higher prices.
In May, Sheikh Saud bin Rashid Al Mualla, the Ruler of UAQ, ordered that a new port was to be built at the creek with 72 berths, and that an ice factory would also be built to keep catches fresh.
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COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Notable cricketers and political careers
- India: Kirti Azad, Navjot Sidhu and Gautam Gambhir (rumoured)
- Pakistan: Imran Khan and Shahid Afridi (rumoured)
- Sri Lanka: Arjuna Ranatunga, Sanath Jayasuriya, Tillakaratne Dilshan (rumoured)
- Bangladesh (Mashrafe Mortaza)
Killing of Qassem Suleimani
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How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
Results
6.30pm: Madjani Stakes Group 2 (PA) Dh97,500 (Dirt) 1,900m, Winner: RB Frynchh Dude, Pat Cosgrave (jockey), Helal Al Alawi (trainer)
7.05pm: Maiden (TB) Dh82,500 (D) 1,400m, Winner: Mnasek, Dane O’Neill, Doug Watson.
7.40pm: Maiden (TB) Dh82,500 (D) 1,600m, Winner: Grand Dubai, Sandro Paiva, Ali Rashid Al Raihe.
8.15pm: Handicap (TB) Dh87,500 (D) 2,200m, Winner: Meqdam, Sam Hitchcock, Doug Watson.
8.50pm: Dubai Creek Mile Listed (TB) Dh132,500 (D) 1,600m, Winner: Thegreatcollection, Pat Cosgrave, Doug Watson.
9.25pm: Conditions (TB) Dh120,000 (D) 1,900m, Winner: Sanad Libya, Richard Mullen, Satish Seemar.
10pm: Handicap (TB) Dh92,500 (D) 1,400m, Winner: Madkhal, Adrie de Vries, Fawzi Nass.
The%20specs%3A%20Macan%20Turbo
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The specs
Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder
Power: 220 and 280 horsepower
Torque: 350 and 360Nm
Transmission: eight-speed automatic
Price: from Dh136,521 VAT and Dh166,464 VAT
On sale: now
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The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
You Were Never Really Here
Director: Lynne Ramsay
Starring: Joaquim Phoenix, Ekaterina Samsonov
Four stars