The Abu Dhabi Corniche was deserted on the final day of Eid yesterday.
The Abu Dhabi Corniche was deserted on the final day of Eid yesterday.

Malls packed on last day of long weekend



DUBAI // Residents and visitors packed shopping malls and spent time with friends and family yesterday as the extended Eid Al Fitr weekend came to a close.

"It is still too hot to travel outdoors and Dubai's malls are the best," said Benita Schmidt, a German national visiting from Oman for a week.

"The trouble is that it is so very crowded; it feels like the whole world has also decided to come here. It is so busy indoors whatever the time of day."

Another shopper, Anwar Ibrahim from Saudi Arabia, had planned a 10-day UAE holiday.

"My family likes to shop a lot so we come here for long breaks," he said. "We like to buy everything but mostly we buy clothes and electronics. We get a wide selection and can choose what we really like best. I love the choice. Here I can buy what I really want and not just what is available."

Laptops, cameras and headphones were among the fastest selling products, said Salman Naqvi, a sales manager at an electronics shop in the Mall of the Emirates.

"People are still buying Eid gifts even if there are no deals or cheaper prices any more," he said. "We are busy from the time we open up until after midnight. Customers keep on coming to pick up these easy, last-minute gifts. It has been very good business after a quiet Ramadan. This is the kind of business that shop owners love - when people actually come to buy and not just look and ask questions."

As many enjoyed the last few hours of the long weekend, some private-sector workers said they would extend the Eid break throughout the week.

"This way, we only had to ask for three days of our annual leave off," said MA, from Dubai. "But prices shot up during the holiday, making it difficult to travel, and we didn't know of the long holiday until it was a little too late for some to ask for the time off, so some were just happy with a long weekend."

An Emirati employee at a semi-government company in Sharjah was back at work yesterday.

"Half of the office was empty," she said. "A lot of people took the rest of the week off. Some people I know plan to take a sick day on Thursday so they only have to work one day this week."

Some employees in the public sector, who had three days off for Eid and should be back to work today, made unsuccessful requests for an extended holiday.

Traffic police in Abu Dhabi and Dubai warned commuters to be vigilant on the roads today, as traffic flow is expected to return to normal after Ramadan and Eid kept roads mostly quiet during the day.

"There were remarkably fewer traffic accidents during the Eid holidays than what we were expecting," said Col Hamad Nasser Al Baloushi, director of traffic for the Abu Dhabi external regions.

"Through various media, we're reaching out to motorists and urging them to be vigilant as they get back to work from Eid … so that nothing ruins the joy they had during the holiday."

Lt Imran Abdullah from Dubai Traffic Police urged drivers to respect speed limits and to leave adequate distance between vehicles.

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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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.


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