UAE residents lead efforts in Kerala flood response



Emergency donations for victims of the devastating Kerala floods have been continuing to pour into relief centres as the UAE stepped up its efforts to assist those affected.

Hundreds of people in Dubai, Abu Dhabi and elsewhere answered urgent appeals for medical supplies and food set to be flown into the disaster-hit state.

At least Dh15 million has been pledged by three prominent Indian businessmen in the past day and many more smaller donations have been made.

The Kerala Muslim Cultural Centre, the largest Indian expatriate organisation in the Emirates, said it had collected some Dh4 million worth of essentials since Wednesday, including cooking sets, blankets, foldable beds and torches.

Universal Hospital in Abu Dhabi said it planned an emergency relief flight carrying 41 tonnes of aid and equipment to the subcontinent on Tuesday, with more flights expected to follow.

“There’s a real unity to this relief effort,” said Dr Shabeer Nellikode, a founder of Universal Hospital who has helped to co-ordinate volunteers assisting with donations.

“Those from wealthy and poor backgrounds are all pitching in to help. People who have no money have come here with items, it almost made me cry.

“And the Emiratis have helped too. One person gave me Dh200,000 and said he trusted us to get it to the right people. When there’s disaster, people unite.”

Weeks of heavy monsoon rains have triggered catastrophic landslides and flooding right across northern and central Kerala, in south-west India.

Some 10,000km of road is estimated to have been damaged by the deluge, with supplies of clean water, food and electricity also disrupted.

So far, at least 357 people are known to have died in the destruction, with some 800,000 people also forced to seek shelter in emergency camps.

Worryingly, experts predict further, worsening weather to come over the next few days, raising the prospect of yet more deaths.

On Sunday, Dr Yashar Ali, chief executive of the Canadian Specialist Hospital in Dubai, said his staff had appealed for clothes, disinfectants, biscuits and other dry food items.

Meanwhile, Yusuffali MA, the millionaire Indian owner of the Lulu Hypermarket chain headquartered in Abu Dhabi, and Bavaguthu Shetty, founder of NMC Healthcare which is also based in the city, each gave Dh5million to the Khalifa bin Zayed Al Nahyan Foundation, which is assisting with relief efforts.

“The natural calamity that has befallen Kerala has dislodged the lives of many Keralites,” said Dr Ali. “We urge everyone in the UAE to come and help them in their time of need.”

Sunny Varkey, the founder of school operator Gems Education, also pledged Dh5 million to help the people of his home state.

"We are making our humble contribution to the committee for supporting the rescue and rehabilitation work in Kerala, my home state," he said.

“Kerala is witnessing an unprecedented challenge and it calls for the unified efforts of all to support the state and its people. My heart goes out to the people affected by the floods and I hope they will find the strength and resolve to overcome the crisis.

Yesterday, UAE consulate staff in Kerala said it was assisting about 200 Emiratis in the state. Officials said its personnel had not slept for four days as they battled to establish that families were safe and attempted to organise their transfer out of the country.

Over the weekend, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, wrote on Twitter: “UAE and the Indian community will unite to offer relief to those affected. We urge everyone to contribute generously towards this initiative”.

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Avengers 3: Infinity War: an American superhero film released in 2018 and based on the Marvel Comics story.  

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Company profile

Name: The Concept

Founders: Yadhushan Mahendran, Maria Sobh and Muhammad Rijal

Based: Abu Dhabi

Founded: 2017

Number of employees: 7

Sector: Aviation and space industry

Funding: $250,000

Future plans: Looking to raise $1 million investment to boost expansion and develop new products

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)
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Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
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Gertrude Bell's life in focus

A feature film

At one point, two feature films were in the works, but only German director Werner Herzog’s project starring Nicole Kidman would be made. While there were high hopes he would do a worthy job of directing the biopic, when Queen of the Desert arrived in 2015 it was a disappointment. Critics panned the film, in which Herzog largely glossed over Bell’s political work in favour of her ill-fated romances.

A documentary

A project that did do justice to Bell arrived the next year: Sabine Krayenbuhl and Zeva Oelbaum’s Letters from Baghdad: The Extraordinary Life and Times of Gertrude Bell. Drawing on more than 1,000 pieces of archival footage, 1,700 documents and 1,600 letters, the filmmakers painstakingly pieced together a compelling narrative that managed to convey both the depth of Bell’s experience and her tortured love life.

Books, letters and archives

Two biographies have been written about Bell, and both are worth reading: Georgina Howell’s 2006 book Queen of the Desert and Janet Wallach’s 1996 effort Desert Queen. Bell published several books documenting her travels and there are also several volumes of her letters, although they are hard to find in print. Original documents are housed at the Gertrude Bell Archive at the University of Newcastle, which has an online catalogue.
 

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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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