As they mourn Ali al Khadri, 37, who died as his car crashed into the Ras al Khaimah creek on Saturday, friends and family pay tribute to a hero who died trying to save him.
As they mourn Ali al Khadri, 37, who died as his car crashed into the Ras al Khaimah creek on Saturday, friends and family pay tribute to a hero who died trying to save him.

Grieving family pay tribute to dead hero



RAS AL KHAIMAH // Friends and family of a Syrian man who died when his car crashed into the RAK Creek have expressed their thanks to the Qatari man who drowned while trying to rescue him.

"Nowadays it's not easy to find people like that. Really, he's a champion to us," said Nadia Farhat, a 41-year-old from Lebanon who had known the Syrian driver, Ali al Kadri, for 14 years. "This is really a great thing he has done and God will give the rewards to his family." She also praised Saad Mubarak as a hero and a martyr.

Mr al Kadri, 37, was buried on Tuesday in his home town of Daraa after working in the RAK medical community for almost 15 years. Mr Mubarak, the 47-year-old father of five who tried to rescue him, was buried yesterday in Qatar, the Qatari newspaper The Peninsula reported.

Mr Mubarak, a military officer, was visiting RAK when he saw Mr al Kadri's car lose control and immediately tried to help. Mr al Kadri was on his way to work and is believed to have lost consciousness before the car sank.

"We are so grateful to him, of course," said Fryal al Kadri, Mr al Kadri's sister-in-law. "No other human would do that. He didn't think of his life when he went to help. We are praying for both of their souls together."

The exhibition of courage was recognised at the highest levels of government. Officials offered their prayers for the families and Sheikh Mohammed bin Rashid, the Vice President of the UAE and Ruler of Dubai, had Mr Mubarak's body flown to Qatar for the funeral.

Those close to Mr al Kadri have also been speaking of their grief, with many friends, including Mubarak Ahmed, a Yemeni anaesthesia technician, saying he was more like a relative to them.

"I swear, I feel sad from my heart and I don't believe it," said Mr Ahmed, 38. "It's as if I lost a family member."

Abdulaziz Mohammed, 35, an operating room technician from Yemen, went immediately to the Ibrahim Obaidullah Hospital when he heard about the accident. There he met a friend of Mr Mubarak and thanked him for the sacrifice and courage he showed to trying to save Mr al Kadri.

"He's like our brother, he is a very gentle man," said Mr Mohammed, still referring to Mr al Kadri in the present tense. "Actually we are not believing his death. We are still in shock."

Some of Mr al Kadri's colleagues were unknowing witnesses to the aftermath of the accident, with Dr Yasser al Nuaimi, the director of RAK Medical Zone, passing by in his car just after the tragedy.

"I was driving in that area and saw the crowd and saw the police and thought there was some sort of rowing competition," he said. "I didn't know that one of those who died was among our employees. It was only later that I learnt the deceased was Ali.

"I give my sincere condolences to the family and condolences to all because he was one of the community and contributed so much to all of us."

Mr al Kadri had returned to the Emirates just days before the accident from a holiday in Syria, where he celebrated the first birthday of his daughter. His son is three. His two brothers in RAK flew to Syria for the funeral to join their brother, sister and Mr al Kadri's widow.

"She is in shock," said Ms al Kadri of her sister-in-law. "Yesterday night I called and they said 'she can't speak to you' because she's fainting. The brothers are too upset to talk. I pray that nobody else will know this feeling."

Mr al Kadri had worked as a technician at RAK's Saqr Hospital since 1996. Friends are raising funds for his family in Syria.

"It's like his soul is still with us," said Ms Farhat. "He's a strong personality and very good at work. Usually people get tired in this work, some people feel panic in an emergency but he was caring. We are thinking of the wife and children only. They have to stand somehow."

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months
The specs

Engine: 2x201bhp AC Permanent-magnetic electric

Transmission: n/a

Power: 402bhp

Torque: 659Nm

Price estimate: Dh200,000

On sale: Q3 2022 

COMPANY%20PROFILE
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Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Elvis
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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Sreesanth's India bowling career

Tests 27, Wickets 87, Average 37.59, Best 5-40

ODIs 53, Wickets 75, Average 33.44, Best 6-55

T20Is 10, Wickets 7, Average 41.14, Best 2-12

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

COMPANY%20PROFILE
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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'Tell the Machine Goodnight' by Katie Williams 
Penguin Randomhouse

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Tips%20for%20holiday%20homeowners
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Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Five films to watch

Castle in the Sky (1986)

Grave of the Fireflies (1988)

Only Yesterday (1991)

Pom Poki (1994)

The Tale of Princess Kaguya (2013)

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
How to become a Boglehead

Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.

•   Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.

•   Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.

•   Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.

•   Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.

•   Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.

•   Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.

•   Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.

•   Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia