The UAE cricket team's Arshah Ali goes to bat during a match against Uganda. A reader urges professional training for Emirati cricket players.
The UAE cricket team's Arshah Ali goes to bat during a match against Uganda. A reader urges professional training for Emirati cricket players.

Transparency and free zones spell future success



The article UAE is a better place to do business (March 17) described how the UAE rose five places to become the 30th least corrupt country of 180 surveyed by Transparency International's 2009 Corruption Perception Index. With one of the highest per capita incomes in the Middle East, the UAE is a focal point for investors in this region. The UAE is traditionally associated with oil and natural resources. However, this is certainly not the only industry with business opportunities. The governing bodies within the emirates that make up the UAE are proactive in developing incentive schemes and building infrastructure to make the region competitive with business hubs around the world.

The UAE has made a strong, combined effort to diversify its economy, slowly removing the dependence on oil reserves. It has achieved success in the tourism industry, spurred by the lavish and luxurious lifestyle images of Dubai. Another sector lobbying for development is the service industry. Its main attractions are Free Zones - all-encompassing business models providing readily available access to the technology and infrastructure a modern-day business requires to be competitive. Mike Hunter, US

The article Emiratis call for their inclusion (March 22) reported that Emiratis petitioned to represent the UAE cricket team at the Asian Games in China. Unfortunately, I may have to agree with the Emirates Cricket Board on this. Being a national, I would dearly love to see these guys represent the country, however, we need to be cognisant of the impact of sending an underprepared side to a tournament of such stature.

If these boys are to stand even a remote chance of facing up to professional cricketers, there is a real need to attend proper training camps. Let's face it, the structure of cricket in this part of the world has been on a rapid decline since the 1990s and things have not improved at all. Domestic cricket is just not what it used to be and if these boys are to be able to compete, there is a real need to be trained, both physically and mentally, in a proper camp run by professionals.

That being said, I would love to see a team composed only of Emiratis represent the UAE one day, but that day will most likely never come. That is because there is no development at a local level and the administration has no plan or strategy to introduce this sport to nationals. If there were a plan, why have we seen only a handful of nationals represent the UAE in the past 15 years? Mind you, all of the nationals who have represented the UAE were born and brought up overseas and learnt their cricket in places like India and Pakistan. To me, this is a stale discussion which will not get anywhere and I guarantee you, there is no plan in place and nothing will happen in this part of the world with respect to the development of cricket. Our children will probably be discussing the same topic 20 years from now. Qais Farooq, Dubai

The article Speeding rich drivers could soon feel the pinch (March 25) described a proposal for speeders to be fined according to their income. Now there's a step in the right direction. Good job if they actually implement it. It sure doesn't take a genius to figure out that a large percentage of people who drive excessively fast are wealthy. Just spend 10 minutes watching the fast lane on the Dubai-Abu Dhabi Highway: Benz, BMW, Porsche, Lexus, Maserati ... Then you start to realise they really don't care if they get caught. Take away their cars and maybe they will think a little more about it (of course you may have to take away all five or six of their cars, but still). Donald Glass, Abu Dhabi

With Marc Lynch's opinion article Moment of truth (March 26), we finally have a balanced, well-researched, well-reasoned article on the recent elections in Iraq. Thank you, Prof Lynch. Reading it was very refreshing compared to the predictable bevy of alarmist "Iraq election signals a return to sectarianism" nonsense from the usual suspects like the Associated Press and The New York Times to which we've been subjected for the past two weeks. Name Withheld by Request

I refer to the article by Sophia Money-Coutts Too many legs for me (March 24) which described her encounters with cockroaches. I've seen huge cockroaches in Thailand. A giant one flew right at me in Karachi. But the biggest one that I've seen was crawling around the tables outside a restaurant in Deira. I too find these things frightening.

Dave Hull, UK

360Vuz PROFILE

Date started: January 2017
Founder: Khaled Zaatarah 
Based: Dubai and Los Angeles
Sector: Technology 
Size: 21 employees
Funding: $7 million 
Investors: Shorooq Partners, KBW Ventures, Vision Ventures, Hala Ventures, 500Startups, Plug and Play, Magnus Olsson, Samih Toukan, Jonathan Labin

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric%20vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20undisclosed%20funding.%20Looking%20to%20raise%20funds%20from%20outside%3Cbr%3E%3C%2Fp%3E%0A
The UAE squad for the Asian Indoor and Martial Arts Games

The jiu-jitsu men’s team: Faisal Al Ketbi, Zayed Al Kaabi, Yahia Al Hammadi, Taleb Al Kirbi, Obaid Al Nuaimi, Omar Al Fadhli, Zayed Al Mansoori, Saeed Al Mazroui, Ibrahim Al Hosani, Mohammed Al Qubaisi, Salem Al Suwaidi, Khalfan Belhol, Saood Al Hammadi.

Women’s team: Mouza Al Shamsi, Wadeema Al Yafei, Reem Al Hashmi, Mahra Al Hanaei, Bashayer Al Matrooshi, Hessa Thani, Salwa Al Ali.

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Cargoz%3Cbr%3E%3Cstrong%3EDate%20started%3A%3C%2Fstrong%3E%20January%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Premlal%20Pullisserry%20and%20Lijo%20Antony%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2030%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A
Profile of Bitex UAE

Date of launch: November 2018

Founder: Monark Modi

Based: Business Bay, Dubai

Sector: Financial services

Size: Eight employees

Investors: Self-funded to date with $1m of personal savings

Hamilton’s 2017

Australia - 2nd; China - 1st; Bahrain - 2nd; Russia - 4th; Spain - 1st; Monaco - 7th; Canada - 1st; Azerbaijan - 5th; Austria - 4th; Britain - 1st; Hungary - 4th; Belgium - 1st; Italy - 1st; Singapore - 1st; Malaysia - 2nd; Japan - 1st; United States - 1st; Mexico - 9th

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
Results

4pm: Maiden; Dh165,000 (Dirt); 1,400m
Winner: Solar Shower; William Lee (jockey); Helal Al Alawi (trainer)

4.35pm: Handicap; Dh165,000 (D); 2,000m
Winner: Thaaqib; Antonio Fresu; Erwan Charpy.

5.10pm: Maiden; Dh165,000 (Turf); 1,800m
Winner: Bila Shak; Adrie de Vries; Fawzi Nass

5.45pm: Handicap; Dh175,000 (D); 1,200m
Winner: Beachcomber Bay; Richard Mullen; Satish Seemar

6.20pm: Handicap;​​​​​​​ Dh205,000 (T); 1,800m
Winner: Muzdawaj; Jim Crowley;​​​​​​​ Musabah Al Muhairi

6.55pm: Handicap;​​​​​​​ Dh185,000 (D); 1,600m
Winner: Mazeed; Tadhg O’Shea;​​​​​​​ Satish Seemar

7.30pm: Handicap; Dh205,000 (T); 1,200m
Winner: Riflescope; Tadhg O’Shea;​​​​​​​ Satish Seemar.

Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.8-litre%204-cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C200rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%20from%201%2C800-5%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%206.7L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh111%2C195%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
Results

Ashraf Ghani 50.64 per cent

Abdullah Abdullah 39.52 per cent

Gulbuddin Hekmatyar 3.85 per cent

Rahmatullah Nabil 1.8 per cent

World Cricket League Division 2

In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

UAE fixtures

Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final


The UAE Today

The latest news and analysis from the Emirates

      By signing up, I agree to The National's privacy policy
      The UAE Today