Zayed Humanitarian Day celebrates the values set by an inspirational leader that have become the living, breathing fabric of a nation.
Officials across the country paid tribute to the Founding Father, Sheikh Zayed, for his compassion, humanitarian efforts and keenness on charity work, as the UAE marks Zayed Humanitarian Day, which falls on the 19th day of Ramadan every year.
Sheikha Fatima bint Mubarak, wife of the late Sheikh Zayed and Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood, said her husband was an exceptional Arab leader who realised the UAE’s aspirations and led its progress in all fields.
Sheikh Zayed also understood the key role of women in the country’s development, Sheikha Fatima said. “The late Sheikh Zayed bin Sultan Al Nahyan recognised that women make up one half of society and any nation cannot function if the potential of that half is ignored,” she said.
“His vision has been realised and women are now ministers, [Federal National Council] members, officers and pilots.”
Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs, said that humanitarian work had become a way of life in the UAE, with the people following the example of Sheikh Zayed.
Sheikh Hamdan bin Zayed, the Ruler’s Representative in the Western Region, said the UAE’s foundations for humanitarian work were laid by the Founding Father and were continuously reinforced under the leadership of the President, Sheikh Khalifa, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces.
Sheikh Zayed had countless virtues in the field of humanitarian work and devoted much of his time to understanding the needs of the underprivileged, said Sheikh Hamdan.
“Today celebrates the principles by which he lived and was an embodiment of the values to which he dedicated himself – to help those in need, rescue the stricken and provide release to the afflicted,” he said.
Sheikh Zayed is an immortal symbol in the memory of generations, said Sheikh Sultan bin Zayed, the President’s Representative.
“The UAE and the world still remembers his achievements as he developed the capabilities of the Emiratis, built the country and added to every corner of the UAE,” he said. “The late Father Sheikh Zayed, the man of charity, achievements, good reputation and the pioneer of the development process regionally, is unforgettable.
“The late Sheikh Zayed is still alive, not only in the hearts and minds of the people of the UAE and the Arab and Islamic nations, but also across the world due to his great achievements.”
Dr Thani Al Zeyoudi, Minister of Climate Change and Environment, said Zayed Humanitarian Day was a chance to reflect on the values and morals, which were instilled by Sheikh Zayed.
Zayed Humanitarian Day epitomised the values of giving and love instilled by the Founding Father, said Mattar Al Tayer, director general of the Dubai Roads and Transport Authority, which marked the occasion by distributing gifts to the elderly and vouchers to 300 underprivileged families.
“Thanks to the assistance it delivers to various countries globally, the UAE has shot to the forefront as a leader of humanitarian activities at regional and international levels,” he said.
“Charitable activities have become a methodology and identity characterising our country under [the country’s] leadership.”
newsdesk@thenational.ae
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Remembering Sheikh Zayed:
› NMC chief to build Abu Dhabi's first medical university in honour of Sheikh Zayed
› Emiratis share memories of a wise and giving leader
› 'This is all because of Zayed': Disabled not forgotten in Founding Father's plan
› Opinion: Inspiration of Sheikh Zayed remains alive
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- The nearest international airport to the start of the Chuysky Trakt is in Novosibirsk. Emirates (www.emirates.com) offer codeshare flights with S7 Airlines (www.s7.ru) via Moscow for US$5,300 (Dh19,467) return including taxes. Cheaper flights are available on Flydubai and Air Astana or Aeroflot combination, flying via Astana in Kazakhstan or Moscow. Economy class tickets are available for US$650 (Dh2,400).
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What should do investors do now?
What does the S&P 500's new all-time high mean for the average investor?
Should I be euphoric?
No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.
So what happened?
It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.
"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."
Should I buy? Should I sell?
Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.
"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.
All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.
Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.
Will the rally last?
No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.
"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."
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