31 DECEMBER 2020 - 02 jANUARY 2021 | 16-18 jUMADA Al-AWWAl 1442 HIjRI | VOlUME NO. 08 | ISSUE 114 /emiratesbusiness.ae @emi_business emirates-business.ae

oP-ED PAGE 04 FOREX (AED) ENERGy TEN TOLA GOLD STOCK MARKET INDEX uSD 3.6800 YEN 0.0359 B r e n t Crude $51.23/bbl buLLION The three big mistakes China made in 2020 Abu Dhabi - ADX 5,088.09 EuRo 4.5325 CHF 4.2071 WTI Crude $48.14 /bbl Beijing got three big things wrong — underestimating the K-shaped rebound, muzzling billionaire critics and mishandling GBP 4.9953 CAD 2.9015 N a t u r a l G as $2.45 /MMBtu Dubai - DFM 2,517.97 defaults, writes Shuli Ren PRECIOUS METALS EuroPE PAGE 07 New york - NYA 14,487.84 EXCHANGE RATE Sri Lankan Rs 50.67 Gold $1,895.10/t oz Brexit border chaos forces truckers to shun uK deliveries Indian Rs 19.82 Philippine Peso 12.84 Gold-Dubai AED227.50/gm Buy for London - UKX 6,555.82 Bangladesh Taka 22.32 (AED) 26,535.60 A ‘dramatic number’ of freight forwarders declined to take cargo Pakistani Rs 42.86 Silver $26.64/t oz into UK in past fortnight, despite having agreed contracts

Thursday— Saturday

Price UAE: AED 2

UAE strongly condemns terrorist Coronavirus Crisis in England attack on Yemen’s Aden airport The continuation of such attacks highlights the nature of dangers facing the region as a result of Houthi coup ABU DHABI / WAM The Ministry of Foreign Affairs and International The United Arab Emirates Cooperation stressed that attempts to target the Riyadh strongly condemned the Agreement, through attacking the newly formed Yemeni cowardly terrorist attack that targeted the airport of the in - Government, is a diabolic scheme aimed at undermining terim Yemeni capital Aden prospects of security and stability in Yemen and the region during the arrival of members and ministers of the newly formed Yemeni Government bility in Yemen and the region. and humanitarian principles to commence its duties in im - The ministry reiterated im - and values. plementation of the Riyadh portance of confronting these The ministry stressed that Agreement. subversive attempts with all the continuation of such at - In a statement, the Ministry vigilance and determination. tacks highlights the nature of of Foreign Affairs and Interna - The ministry reaffirmed the the dangers facing the region tional Cooperation stressed UAE's strong condemnation of as a result of the Houthi coup, that attempts to target Riyadh these terror attacks and its and the efforts of these mili - Agreement, through attacking categorical rejection of all tias' to undermine security the newly formed Yemeni forms of violence and terror - and stability in the region. government, is a diabolic ism aimed at destabilising se - A woman wearing a face mask walks past a sign in a shop window in Northampton on Wednesday. A further change to England’s tier scheme aimed at undermining curity and stability in nFor full story, read system are expected to be announced, just days after millions of people came under harsher coronavirus restrictions —DPA prospects of security and sta - contravention of all religious emirates-business.ae

China ranked as the European union’s second-largest trade partner in 2019 (behind the us) Abu Dhabi wraps up 2020 with dazzling fireworks

ABU DHABI / WAM the UAE capital on New Year’s EU, China give political Eve, including fireworks The Department of Culture shows in some of Abu Dhabi’s and Tourism – Abu Dhabi most renown neighborhouds (DCT Abu Dhabi) has an - - the Corniche, Yas Island, Al nounced a dazzling array of Maryah Island and Al Wathba nod to investment deal celebrations taking place in on December 31. pagE 2 The breakthrough in negotiations on the market-opening investment accord signals the bloc’s determination to focus on economic opportunities in Asia Emirates sees peak travel blooMberg n For the EU, the The European Union (EU) and EU-China investment period at start of 2021 China announced the political DUBAI / WAM approval of an agreement to deal risks irking incoming open the Chinese market further US administration, Travel is expected to reach to EU investors, marking a major which has urged the another peak at the end of step in talks that began in 2013. this week for Emirates, as the The breakthrough in negotia - Europeans to consult airline expects yet another tions on an EU-China invest - with them over China’s busy period. A high volume ment deal signals the bloc’s economic practices of travellers will be making determination to focus on eco - their way to Emirates' dedi - nomic opportunities in Asia cated Terminal 3 facilities on even amid criticism of Beijing’s n Failure by the US and EU January 2-3, 2021, to depart Customers are reminded record on human rights. The ac - to forge a common Dubai, in addition to a rush of to check latest travel cord could enter into force in inbound traffic into the city. EU Commission President Ursula von der leyen attends the EU-China leaders meeting via position would give requirements to their early 2022. video conference in Brussels on Wednesday —DPA Across both days, over booked destination, and For the EU, the deal risks irk - Beijing an advantage as 70,000 passengers will be ing the incoming US administra - ment on Wednesday after a video deemed by Europe and the US western leaders departing and arriving on to arrive at airport at tion, which has urged the conference with Chinese Presi - to be market-distorting: indus - reassess geopolitical Emirates flights. least three hours before Europeans to consult with them dent Xi Jinping. “China has com - trial subsidies, state control of Customers are reminded their flight departure over China’s economic practices. mitted to an unprecedented level enterprises and forced technol - ties in wake of Donald to check the latest travel re - Failure by the US and EU to forge of market access for EU investors, ogy transfers. Trump’s presidency quirements to their booked a common position would give giving European businesses cer - For China, the accord bolsters destination, and to arrive at the specific entry testing re - Beijing an advantage as western tainty and predictability for their the country’s claim to be a the airport at least three quirements from the country leaders reassess geopolitical re - operations.” mainstream geopolitical force sisted on an investment deal hours before their flight de - they are coming from. lations in the wake of Donald For the 27-nation EU, the pact and may limit risks resulting first. parture. Passengers are en - Passengers physically Trump’s presidency. expands access to the Chinese from a tougher EU stance on China ranked as the EU’s sec - couraged to build in extra checking in at the airport are “This agreement is of major market for foreign investors in Chinese investments in Europe. ond-largest trade partner in time in their journey to avoid requested to check in no later economic significance,” the lead - industries ranging from cars to It also strengthens Beijing’s 2019 (behind the US), with two- delays with expected traffic than 3 hours prior to depar - ers of the bloc’s two main institu - telecommunications. Further - longstanding call for the start of way goods commerce valued at congestion coming into Ter - ture, regardless of class of tions, Charles Michel and Ursula more, the agreement tackles un - negotiations on a free-trade more than 1 billion euros ($1.2 minal 3. Passengers arriving travel. von der Leyen, said in a state - derlying Chinese policies pact with the EU, which has in - billion) a day. back to Dubai should check pagE 2

Dubai firms exempted TRA organises 8th edition of Dubai Startup Hub launches eight from paying double fines ‘Sada Al Barq’ guides to support entrepreneurs DUBAI / WAM DUBAI / WAM The guides provide resources including relevant data, statistics, Dubai Municipality is prepar - The eighth edition of ‘Sada ing to launch an initiative to Al Barq’ exercise for the Na - opportunities and offer advice on how to apply for the licences exempt companies from pay - tional Emergency Telecom - DUBAI / WAM ing double fines for their munication Plan, organised The guides provide a violations. virtually by the Telecommu - The Dubai Chamber of Com - comprehensive list of business The exemption shall be nications Regulatory Au - merce and Industry’s Dubai given to those who pay the thority (TRA) concluded. Startup Hub initiative has incubators and accelerators basic fines determined for vi - The exemption shall be It was attended by tele - launched eight guides to help that can help entrepreneurs olations before doubling, given to those companies com service providers in startups in the UAE do business. grow their startups, as well as before mid-February 2021, who pay the basic fines the UAE including Emirates The decision was made at events that focus on their the municipality said on determined for violations Telecommunication Group Dubai Chamber's fifth and final Wednesday. Company (Etisalat), Emi - ‘Networking Series’ which was specific sectors The companies that vio - before doubling, before rates Integrated Telecom - organised in cooperation with lated the provisions of the leg - mid-February 2021 munications Company (du) Virtuzone, and targeted start - islation covered by decrees and Al Yah Satellite Commu - ups and entrepreneurs and ran startups in each of the eight sec - drew more than 360 partici - related to occupational health nication Company (Yahsat). from mid-October to mid-De - tors, additionally offering ad - pants, 22 percent of them Emi - and safety violations, sewage said, "This is one of the most im - This exercise comes under cember 2020. vice on how to apply for the rati entrepreneurs, in addition violations, public hygiene vio - portant initiatives through the framework of the initia - The new guides cover eight licences. to startup owners from around lations and hotel violations, which Dubai Municipality seeks tive "Telecom business con - key sectors, namely, Fintech, The guides also provide a the world tuning in for the will be exempted from paying to support efforts aimed at facil - tinuity in emergency, crisis Healthcare, Transportation, Ed - comprehensive list of business virtual event. the fines incurred by them as itating the work of companies and disaster", which serves ucation, F&B, Social Impact, incubators and accelerators "The guides are an innovative a result of the application of and commercial activities in the TRA’s strategic goal in the Sustainability, and Travel, that can help entrepreneurs new tool to help promising the fine doubling judgment emirate and in the interest of UAE and helps implement a Tourism & Hospitality. They grow their startups, as well as startups in each of the target for the violations made from the business community, which regulatory framework that provide resources – including events that focus on their sectors," asserted Natalia Sy - 2017 to 2019. reinforces the unique position stimulates competition and relevant data, statistics, oppor - specific sectors. cheva, Senior Manager, Special Dawoud Al Hajri, Director- that Dubai occupies in the field develops the quality of tunities, and legislation – for en - The fifth edition of Dubai Projects and Entrepreneurship General of Dubai Municipality, of economy.” services provided. pagE 2 trepreneurs looking to launch Chamber’s Networking Series at Dubai Chamber. pagE 2 thursday 31 december 2020 - saturday 02 january 2021 02 news

DubAi Chamber’s Networking Series has drawn more than 1,650 participants throughout its five editions Dubai Startup Hub launches eight guides to support entrepreneurs They provide a list of incubators, accelerators that can help businesspersons grow their startups, as well as events that focus on their specific sectors The newly inaugurated House of Wisdom (HoW) is an iconic architectural marvel and Sharjah’s new cultural edifice —WAM dubai / Wam The Dubai Chamber of Com - HoW is model for merce and Industry’s Dubai Startup Hub initiative has launched eight guides to help future communities: startups in the UAE do business. The decision was made at Jawaher Al Qasimi Dubai Chamber's fifth and final ‘Networking Series’ which was Sharjah / Wam The future of humanity organised in cooperation with Virtuzone, and targeted startups Her Highness Sheikha Jawa - lies not merely in new and entrepreneurs and ran from her bint Mohammed Al technologies and evolution mid-October to mid-December Qasimi, wife of the Ruler of of machines; it is also about this year. Sharjah and Chairperson of relationships, effective the Supreme Council for Fam - ily Affairs, said that the newly interaction and The Dubai Startup inaugurated House of Wis - communication, improved Hub’s mandate is dom (HoW), an iconic archi - knowledge, and greater tectural marvel and Sharjah’s to support emerging The fifth edition of Dubai Chamber’s Networking Series drew more than 360 participants, 22% of them Emirati entrepreneurs, in addition to harmony between scientific startup owners from around the world tuning in for the virtual event new cultural edifice, marks a companies and help them new chapter in strengthening advancements and social understand and navigate for licences. links between members of and emotional development The guides also provide a the community with their the procedures for n of humans comprehensive list of business The new guides cover key sectors, namely, fintech, unique cultural identities. establishing businesses incubators and accelerators healthcare, transportation, education, F&B, social impact, Congratulating the people Her Highness Sheikha in the emirate that can help entrepreneurs sustainability, and travel, tourism & hospitality of Sharjah and the UAE com - Jawaher bint Mohammed grow their startups, as well as munity on the project that Al Qasimi, Chairperson of Natalia Sycheva, Senior events that focus on their serves as an immersive space the Supreme Council for Manager, Special Projects specific sectors. n They provide resources for entrepreneurs looking to for learning, sharing, creat - Family Affairs and Entrepreneurship at The fifth edition of Dubai launch startups in each of the eight sectors, additionally ing, and accessing knowl - Dubai Chamber Chamber’s Networking Series offering advice on how to apply for licences edge for all age groups, HH Sheikha Jawaher said, drew more than 360 partici - Sheikha Jawaher described "The far-sighted vision of the pants, 22 percent of them Emi - the HoW as one of the most Ruler of Sharjah on the fu - The new guides cover eight rati entrepreneurs, in addition important pillars in Sharjah's ture of the emirate of Sharjah key sectors, namely, Fintech, to startup owners from around ing companies and help them ultimately boosts Dubai’s en - cultural landscape. – what it should be and how Healthcare, Transportation, the world tuning in for the understand and navigate the trepreneurial ecosystem and Her remarks came during a it should be perceived, and Education, F&B, Social Impact, virtual event. procedures for establishing strengthens its position as a visit to the HoW, a benchmark his directives to realise this Sustainability, and Travel, "The guides are an innova - businesses in Dubai," she global destination for new of contemporary Arabic archi - ambitious vision is embod - Tourism & Hospitality. They tive new tool to help promising explained. businesses. tecture reimagined as a li - ied both in the several mon - provide resources – including startups in each of the target The initiative, she said, Dubai Chamber’s Network - brary of the 21st century, and uments and cultural and relevant data, statistics, oppor - sectors," asserted Natalia Sy - serves to facilitate the ex - ing Series has drawn more than which was inaugurated in De - artistic centres that have tunities, and legislation – for cheva, Senior Manager, Special change of knowledge and lays 1,650 participants throughout cember by HH Dr Sheikh Sul - been set up in the emirate entrepreneurs looking to Projects and Entrepreneurship solid foundations for partner - its five editions, including en - tan bin Muhammad Al Qasimi, and are also carried forward launch startups in each of the at Dubai Chamber. ship and cooperation, all in an trepreneurs, startup founders, Supreme Council Member in Sharjah’s milestone ac - eight sectors, additionally of - "The Dubai Startup Hub’s effort to drive growth in the and investors, where a total of and Ruler of Sharjah, to cele - complishments as an inter - fering advice on how to apply mandate is to support emerg - emirate’s startup scene. This 48 meetings were held. brate the emirate's year-long nationally recognised tenure as the Unesco World cultural hub, and a child and Book Capital 2019. elderly-friendly, green city." Abu Dhabi wraps up the year with dazzling fireworks shows TRA organises eighth The emirate announces fireworks in the Corniche, Yas Island, edition of ‘Sada Al Barq’ Al Maryah Island and Al Wathba on December 31 midnight dubai / Wam Covid-19: UAE The eighth edition of ‘Sada Al abu dhabi / WAM gram page. Yas Island’s fire - Barq’ exercise for the National works will also be visible from reports 1,607 Emergency Telecommunica - The Department of Culture and various viewing options, includ - new recoveries tion Plan, organised virtually The ‘Sada Al Barq’ Tourism – Abu Dhabi (DCT Abu ing dining venues across Yas by the Telecommunications exercise comes under the Dhabi) announced an array of Marina. abu dhabi / Wam Regulatory Authority (TRA) celebrations taking place in the Alongside DCT Abu Dhabi concluded. framework of the initiative UAE capital on New Year’s Eve, and Miral’s New Year’s Eve The Ministry of Health and It was attended by telecom "Telecom business including fireworks shows in celebrations, the capital will Prevention (MoHAP) an - service providers in the UAE continuity in emergency, some of Abu Dhabi’s most also be hosting further activi - nounced that it conducted including Emirates Telecom - crisis and disaster", which renown neighbourhoods - the ties in celebration of the New 150,244 additional Covid-19 munication Group Company Corniche, Yas Island, Al Maryah Year, including exemplary fire - tests over the past 24 hours, (Etisalat), Emirates Integrated serves TRA’s strategic Island and Al Wathba on works shows by the organis - using state-of-the-art medical Telecommunications Company goal in the UAE Thursday, December 31. ers of the Sheikh Zayed testing equipment. (du) and Al Yah Satellite Com - In line with the emirate’s rig - Festival, spanning 35 minutes As part of its intensified munication Company (Yahsat). orous efforts in ensuring strin - and breaking two Guinness testing campaign, MoHAP an - This exercise comes under The exercise, organised by gent health and safety Residents and visitors are World Records. nounced 1,723 new coron - the framework of the initiative TRA as the driving force of the guidelines, residents and visi - The festival will also feature a avirus cases, bringing the total "Telecom business continuity UAE telecom sector, was at - tors are also invited to welcome invited to welcome the range of shows and perform - number of recorded cases in in emergency, crisis and disas - tended by trained teams from the New Year remotely by New Year remotely by ances by local and international the UAE to 206,092. ter", which serves TRA’s strate - Etisalat, du and Yahsat. The ex - watching the fireworks taking watching the fireworks bands. Al Maryah Island will MoHAP also noted that an gic goal in the UAE and helps ercise was conducted in a hy - place at the Corniche on Thurs - also be featuring its popular an - additional 1,607 individuals implement a regulatory frame - pothetical scenario to gauge day, December 31, at midnight taking place at the Corniche nual New Year’s Eve celebra - had fully recovered from Covi- work that stimulates competi - the sector’s readiness to deal on Abu Dhabi TV, Emarat TV, on Dec 31, at midnight tions organised by Mubadala 19, bringing the total number tion and develops the quality of with unexpected, unusual and and UAE_BARQ’s official Insta - Investment Company. of recoveries to 183,007. services provided. concurrent events.

the gulf time Date: 31-12-2020 Emirates expects peak travel period at start of 2021 emirAte oF Abu DhAbi JuDiCiAl DepArtment Al DhAFrA Court oF First instAnCe Over 70,000 passengers will be departing and arriving on airline’s flights on January 2-3 Personal Status Date: December 28, 2020 dubai / Wam notice of summons to Appear before the Case n Passengers physically checking in at the airport management office Travel is expected to reach Case no. 90/2020 — personal status — hQ. F — Al Dhafra are requested to check in no later than 3 hours notification method: bY publiCAtion in enGlish another peak at the end of

Claimant: nabil mohammed Abdallah hammad Youssef 0556300183 this week for Emirates, as prior to departure, regardless of class of travel Nationality: egyptian Defendant: elizabeth therese beckett Nationality: Australian the airline expects yet an - Case Subject: proof of disobedience Party to be notified: elizabeth therese beckett Capacity: Defendant other busy period. A high ADDRESS: Emirate: Abu Dhabi City: Abu Dhabi City Sector: Area: Street n Customers who present themselves less than 60 House No.: Home Telephone: Mobile (1): 0559358006 Office Telephone: Mobile (2): volume of travellers will be notification of Defendant by publication in an english language newspaper. making their way to Emi - minutes prior to their scheduled flight departure You are summoned to appear before the Case management office, Al Dhafra Court of First instance, personal status Cases management office , Al Dhafra Court headquarters, on sunday, January 10, 2021, at 08:30 am, either personally rates' dedicated Terminal 3 will not be accepted for travel or through an authorized attorney, and submit a defense brief supported by all needed documents so as to proceed with the preparation of the above facilities on January 2-3, mentioned case in your capacity as Defendant. 2021, to depart Dubai, in ad - Case management office / Signed & stamped / dition to a rush of inbound kiosks for a more seamless also been streamlined with traffic into the city. Across airport experience. The biometrics and facial recog - both days, over 70,000 pas - service is available to all des - nition activated at both the the gulf time sengers will be departing tinations except to the US, smart gates and tunnel. Date: 31-12-2020 and arriving on Emirates Canada, China, India and After checking in, passen - flights. Hong Kong due to additional gers are also advised to Abu DhAbi CommerCiAl Court Customers are reminded requirements from these make sure they get to their JuDiCiAl DepArtment to check the latest travel re - Customers are reminded to check the latest travel needs to their booked destination, destinations. The 32 new boarding gate on time. Gates Commercial quirements to their booked and to arrive at the airport at least three hours before their flight departure self-service bag drop ma - open 90 minutes before de - Date: December 24, 2020 destination, and to arrive at chines and 16 self-service parture, boarding starts 45 notice of Judgment / Decision payment order - Case no. 1546/2020- payment, Commercial, the airport at least three Passengers physically line 48 hours to 90 minutes kiosks complement the minutes before each flight - hQ. F - Abu Dhabi C. hours before their flight de - checking in at the airport before flight departure. desks manned by Emirates and gates close 20 minutes notification: bY publiCAtion parture. Passengers are en - are requested to check in no Those who opt to check-in check-in agents and will before departure. If passen - Applicant: rafiq helal Khalil hijji 0502089339 Nationality: palestinian Respondent: Chnda parambiel Koumat hanefa Nationality: indian Case Subject: Financial claim in the amount of AeD 204,550.00 couraged to build in extra later than 3 hours prior to online are reminded to visit help reduce waiting time gers report late Emirates Party to be notified: Chnda parambiel Koumat hanefa Capacity: respondent ADDRESS: Emirate: Abu Dhabi City: mussafah industrial Area Sector: Area: Street: time in their journey to departure, regardless of the Emirates check-in coun - during the peak period. will not be able to accept House No.: Office Telephone: Mobile (1): 0504149300 Fax: Email: notification of respondent by publication in english and Arabic. avoid delays with expected class of travel. ters at the airport to collect Customers can also utilise them for travel. Check-in You are hereby notified that the Court has determined in the above mentioned case as follows: traffic congestion coming Customers who present their boarding pass and to Emirates' biometric path for and gate closure timings will The Court compels the Respondent to pay the Applicant the amount of AED 204,550.00, and to pay the legal costs. This judgment is rendered with expedited enforcement without bail. into Terminal 3. themselves less than 60 verify travel documents re - a contactless journey from be strictly followed to note: The Creditor shall duly notify this Order to the Debtor within three months as of the date of issuance thereof in accordance with Article 65 of the Regulations of Civil Passengers arriving back minutes prior to their quired for each destination specific check-in desks in ensure flights depart on Procedures Law. All Prayers and Blessings of Allah be upon the Prophet Muhammad, his family and his companions to Dubai should check the scheduled flight departure country. Terminal 3 to boarding schedule. this judgment is appealable within 15 days as concerns the payment order and 30 days for any other cases, as of the date of notification thereof (December 24, 2020) specific entry testing re - will not be accepted for Customers are also urged gates, with less document Attachments: Copy of the judgment rendered in the Case No. 1546/2020 - Payment Order, Commercial, - HQ. F - Abu Dhabi C. quirements from the coun - travel. to use the convenient self- checks and less queuing. Im - nFor full story, read Case management office / Signed & stamped / try they are coming from. They can also check in on - check-in and bag drop migration formalities have emirates-business.ae thursDAY 31 DeceMber 2020 - sAturDAY 02 jAnuArY 2021 advertisements 03

LiQuiDation notiCe the gulf time the gulf time Lost anD founD Date: 31-12-2020 Date: 31-12-2020 the gulf time — Date: 31-12-2020 Date: 28 / 12 / 2020 Date of Service: 23/12/2020 the gulf time — Date: 31-12-2020 Number: 201329 / 2020 No.: 199148/2020 Cuadro fine art Gallery Ltd . a Private Company Government of Dubai Government of Dubai Dubai Courts Dubai Courts I, ivone manase benJamini , whose office is at Dubai International Financial Dubai Commercial Court of First Instance Centre (DIFC) and holding Commercial License notification by Publication Tanzania nationality would in Case no. 4949 / 2020 / 16, Commercial Partial service by Publication number CL0342 , hereby gives notice that its DIFC Case no.: 16/2020/3247 Commercial Partial Subject of the Case : To oblige the Defendants to jointly pay the Plaintiff like to inform the general Private Company commenced wind up effective an amount of AED 3,907,894.44 along with the legal interest at a rate of Subject matter of the Case: Demanding the obligation of the defendants 12% from the date of filing the case until full payment. - jointly and severally - to pay an amount of (AED 547219) and an interest public that I have lost my from 20th of December 2020. at 12% p.a. till full payment, charges, expenses and attorney fees. Notifying Party: irbs building Contracting LLC| The Plaintiff Served by: national bank of fujairah (Dubai Branch) The Plaintiff passport no TAE311952, if Notified Parties: Represented by: nawal mohammed saif al badi Zafouri The Attorney Any queries, claims or objections regarding the 1 - frontier Works organization Contracting Co. LLC The Defendant Served to: 3- Kabiru ibrahim – Nigerian National Implicated Litigant 2 - fWo Civil Contracting LLC The Defendant anyone finds it, kindly contact proposed closure of this Private Company is/are No Known Residence Subject of the Notification : The Plaintiff has filed the above mentioned Subject of the Service: A case is filed against you; the subject matter of requested to be forwarded to mr. asad abbas — case against you, hereby it requires to oblige the Defendants to jointly which is to obligate the defendants - jointly and severally - to pay an to nearest police station. pay the Plaintiff an amount of AED 3,907,894.44 along with the legal amount of (AED 547219) and an interest at 12% p.a. till full payment, Liquidator by telephone at 04 432 9083 and in interest at a rate of 12% from the date of filing the case until full charges, expenses and attorney fees. payment. A hearing was scheduled on Sunday, 10 / 01.2021, at : 10 : A hearing was set on Tuesday 19/01/2021 at 09:30 a.m. in the Remote writing to 30 am, in remote litigation hall BUILDING_DESC&, so, you or your Litigation Chamber. We kindly ask you or your legal representative to representative are required to attend to submit your memoranda or be present and bring all your memos and documents to the court at [email protected] within fourteen documents to the court at least three ( 3 ) days before the hearing. least three days before the hearing. ivone manase benJamini (14) days from the date of publication of this notice. Case Manager Head of Division 29/12/2020 amira Hussein Karam nasser abdullah al-abdouli

the gulf time the gulf time the gulf time the gulf time Date: 31-12-2020 Date: 31-12-2020 Date: 31-12-2020 Date: 31-12-2020 Notification Date: 21/12/2020 Ad Date: 21-12-2020 Dated: 30/12/2020 Announcement date: 15-12-2020 Notification No: 197552/2020 Ad No. 197377/2020 No. 202962/2020 Ad number: 2020/193688 Government of Dubai Government of Dubai Government of Dubai Government of Dubai Dubai Courts Dubai Courts Dubai Courts Dubai Courts Civil First Instance court Publication summoning by Publication announcement by publication notification by Publication in Case no. 60/2020/3670, a performance order Case no. 2332/2020/11- Civil Partial in Case no. 16/2020/4390 Commercial Partial Case no 11/2020/2111, Civil Partial Subject of the case: Case Subject: Claiming to compel Defendant to pay an amount of AED Subject of the lawsuit: A liability of $ 1,009,000 (one million nine thousand Subject Matter of the Case: Binding the defendant to pay (AED 291040) Request to issue an order obligating the defendant to pay an amount of 182,688.09, plus fees, expenses and advocate fees in addition to legal US dollars (or its equivalent amount of 3,708,075 dirhams) was attributed (AED Two hundred and ninety-one thousand and forty thousand) and 12 419,000 four hundred and nineteen thousand dirhams, fees and expenses interest at 9% from date of claim until full payment. to (three million seven hundred and eight thousand dirhams and seventy % as legal interest annually from claim date to full payment, as well as five) dirhams and the interest is 12% from the date of the judicial claim fees & expenses. until full payment The applicant for the advertisement: iyad said Hamadi Summoning Applicant: oman insuranCe CPmPanY PJsC - Plaintiff Party Described him in the case: a plaintiff Declaration requester: Dirk richter Description of the case: Respondent Notification Applicant: style age fZ — L.C.C As Plaintiff They are required to be announced: 1- marc bendrat To be notified: 1- Kristine Joy meja molina As: Defendant To be summoned: aDvanCeD faCiLities manaGement LLC — Description of the case: Defendant They are required to announce: Unknown Address DUBAI BRANCH LLC — Defendant The subject of the advertisement: 1- Akkad Aftab kodare, Fakhruddin Kodare The lawsuit had filed against you and the subject of the lawsuit to pay His capacity in the case: a defendant Subject Matter of the Notification: The Plaintiff has filed a case against you subject of which is to compel the amount of $ 1,009,000) one million nine thousand US dollars (or its The plaintiff filed Lawsuit against you to bind you to pay (AED 291040) Defendant to pay an amount of AED 182,688.09, plus fees, expenses and equivalent amount of 3,708,075 dirhams) three million seven hundred and (AED Two hundred and ninety-one thousand and forty thousand) and 12 Ad Subject: advocate fees in addition to legal interest at 9% from date of claim until eight thousand dirhams and seventy five and the interest is 12% from the % as legal interest annually from claim date to full payment, as well as Dubai Court of First Instance decided on 12-01-2020 to oblige the person date of the judicial claim until full payment, a hearing has been full payment fees & expenses. Session will be held on Sunday, 03/01/2021, at 08:30 AM against whom the order was submitted to pay an amount of 391,000 scheduled for her on Tuesday 05-01-2021 at 08:30 in the remote Hearing for such case was fixed on Thursday, 7/1/2021, at 08:30 am, in at (BUILDING_DESC). Therefore, you or your representative must attend dirhams. with fees and charges. You have the right to appeal the matter courtroom BUILDING_DESC & so you are required to attend or whoever and submit what you have from memorandums or documents to court remote litigation chamber, therefore, you are obliged to present yourself within 15 days of the day following the publication of this announcement. represents you legally and You must submit your statement or documents at least three days before the session. personally or by proxy and you may provide the court with any to the court at least three days before the hearing. documents or supporting papers within three days at least prior to case Division Head A case manager Case Manager hearing date. Yasser mohammed ai-marzouki shawq Hamza muhammad Qambar al-bannai mohammed mubarak Khalfan

the gulf time the gulf time the gulf time the gulf time Date: 31-12-2020 Date: 31-12-2020 Date: 31-12-2020 Date: 31-12-2020 Date of Notice: 29/12/20.20, Notice No.202259/2020 Notice No.: 2020/28004 Government of Dubai Date: 29/12/2020 Government of Dubai Dubai Courts Government of Dubai Government of Dubai Dubai Courts Dubai Courts Dubai Courts Court of Appeal Legal notice by Publication no. 7223/2020 notice by Publication notification by publication notice of service by Publication (7568/2020) in the Commercial appeal no. 2994/2020/305 Notifying Party: COMMERCIAL BANK OF DUBAI (PSC) Notice Details Vs. To the Defendant: 1- Pavagoto rajhuram shetty Warner: WaHa firDos ContraCtinG LLC Subject of the Appeal: Appeal of the Judgment rendered in the matter 1. Notified Party: GuLf meDiCaL universitY (L.L.C) ; whose place of residence is unknown of Commercial Case No.2020/3192 along with charges, expenses and 2. Notified Party: thumbay moideen bolar ahmed Hajee mohiudeen , Indian; Warnee: toWers teCHnoLoGY ContraCtinG Co. LLC attorney's fees. 3. Notified Party: akbar moideen tumbay , Indian, name according to The Plaintiff: Prasant mangat ServiceApplicant: abu Dhabi Commercial bank Capacity: Appellant passport and Emirates ID (Name according to Emirates Residence Card: Akbar Moideen Thumbay T Moideen); and Whereas, the Plaintiff " Prasant Mangat" filled the Lawsuit regarding the The warner warns the warnee with the urgent payment of the amount of Parties to be served: 1. rindala Hussein beydoun Capacity: Appellee 4. Notified Party: akram moideen thumbay , Indian, name according to Claim to obligate the Defendant to pay an amount of 80 million dollar AED 1,644,983 (one million, six hundred forty four thousand, nine hundred passport (name according to the Emirates residence card and Emirates (Eighty US dollars) which is equivalent to AED 293,600,000 (Two hundred Subject of Notice: The above-mentioned appeal was filed against ID: Akram Moideen Thumbay). and ninety-three million and six hundred thousand dirhams) plus a Legal and eighty three dirhams only) with a maximum period of five days as of judgment issued in the matter of commercial case No. 2020/3192 along The Notifying Party warns the Notified Parties to pay it an amount of AED interest from the maturity date until the full payment. The Judgement shall the date of the publication of this warning, otherwise the warner will be 51,981,939.21 (Fifty one million nine hundred eighty-one thousand, nine with the charges, expenses and attorney's fees. be self-executing immediately without bail, charges, fees and Attorney's forced to take all the necessary legal procedures against you to claim The hearing for the appeal has been scheduled on Wednesday, 12-01- hundred thirty-nine Dirhams and twenty one fils) representing the fees. you with the aforementioned amount in addition to the legal interest and 2021 at 10:00 AM at the online courtroom. You are hereby required to outstanding indebtedness due and payable by them along with fees, appear, in person or through a duly-authorized representative. In ease expenses and attorney's fees within five days from the date the Notified A Hearing was set on Tuesday, corresponding to 26-01-2021, 9:30 a.m. impose the warnee to pay the fees and expenses and attorney fees. you to attend, tile appeal, will he considered in absentia. Parties have been served this Notice subject to all the legal procedures remotely. Therefore, you are assigned to present personally or by your taken against them to pay the indebtedness due and payable by them Attorney in addition to submit all Memorandums and exhibits to the Court Notary public Case Manager along with fees, expenses and attorney's fees. at least three days before the Hearing. naser saeed srour rashed al-Yahyani Notary Public Seal of Dubai courts is included with the date of 24 Dec. 2020 /Seal of the Dubai Courts, Notary Public, dated Dec 10, 2020/ /Signed/

the gulf time the gulf time the gulf time the gulf time Date: 31-12-2020 Date: 31-12-2020 Date: 31-12-2020 Date: 31-12-2020 Notification Date: 23-12-2020 29/12/2020 Notification No.: 27442/2020 Government of Dubai Government of Dubai Government of Dubai uniteD arab emirates Dubai Courts Dubai Courts Dubai Courts Ministry of Justice Court of Appeal Case inquiry Law firm services Sharjah Federal Court of Appeal notification by Publication 207/ 2020/ 4596 Commercial execution Case fiLe Claims Administration Office on appeal no. 300/2020/1363 Civil appeal Notice details Case No. 2302/2020/11 Civil e-request 201579/2020 Case subject: Financial claim of AED 940.403 plus 12% legal interest p.a as of the judicial for publication to appear before the case Notice type: Notice and notification of payment by publication claim date until the full payment with the expenses and fees Subject of Appeal: Appeal the Judgment Issued on Case No. 134/2020, Date: 5-10- 2020 e-request date: 08-12-2020 12.45.59 management in both languages, one of which is issued in Civil Plenary, and Fees, Expense and Attorney Fees. Case status: under preparation Judiciary degree Dubai court of first instance Notice No.151570/2020 Claim amount: 940403 Total claim: 940403 Case financial balance the language english Notification Applicant: mohammed Hisham al Husary Assignment indication: Case management Principal case on appeal no. 1690\ 2020 Labor Capacity in the Case: Appellant Notice by Publication details: Represented by: naji ali al Haj ibrahim baydoun Principal case decision To the defendants: 1. Jeevana Dhara Kasanmakki shetty File date: 16-12-2020 First hearing Next hearing: At the request of the appellant: al-ambar Paints Contracting Capacity in the Case: Attorney Case management Preparation start: 16-12-2020 Next hearing:10-01-2021 2. raptor Computers LLC To the Appellee: muhammad shaH alem iron miah Notified Parties: 1. marvin Cruz Dela Cruz Capacity in the Case: Appellee Current status: Case is being considered at the 12th case management committee No. (Unkown place of residence) 859 presided by Ms. Shouq Hamza Mohamed Qambar Al Bannai @ the case manager 2. raissa abainza Queri Capacity in the Case: Appellee Last decision: To hearing dated 10-01-2021 to summon the defendant by publication in two Unknown residence languages and to archive the summons on the system then to be addressed to the Adopted The plaintiff: union national bank PJsC concerned judge for referral.Last decision date: 28-12-2020 You are assigned to appear before Sharjah Appeals Court, the Labor Subject of Notification: The Order/Judgment awarded in the Case No. Represented by: mona ahmed abdel aziz Yousef al sabagh . 134/2020, Civil Plenary, has been appealed. Department, the case management office - personally or through an Filed against you the above-mentioned executive case to oblige you to Notice No. 201659/2020 Date: 28-12-2020 Notice type: Publication summons authorized agent, on Sunday 10/01/2021 in the case number The court scheduled the hearing held on Tuesday 05-01-2021 at 10:00 AM, pay the executed amount of 1,234,354 AED for the claimant or the at the remote litigation hall, and you are required to appear in person, or Details of the publication summons Court Treasury. To the defendants: 1- muhammadkarim sultonov mentioned above - as an appellee. represented by a legal attorney. Otherwise, the trial will be conducted in Unidentified address absentia. Whereas the claimant: valerios martinidis Hereby, the court shall commence the executive procedures in case you Has filed the case with claim of AED 940.403 plus 12% legal interest p.a as of the judicial Case Manager do not commit to the said resolution within 15 days from the dateof the claim date until the full payment with the expenses and advocate fees. Stamp & Signature Case Manager A hearing has been set on Sunday 10-01-2021 @ 8.30 AM at the remote litigation hall, notice. therefore you are requested to appear by yourself or proxy to provide your submittals and Sharjah Court obaid saeed obaid mohammed al arri defense to the court three days at least before the hearing.

the gulf time the gulf time the gulf time Date: 31-12-2020 Date: 31-12-2020 Date: 31-12-2020 the gulf time Service Date: 28/12/2020 Service Date: 27/12/2020 Service Date: 29/12/2020 Date: 31-12-2020 Service No.: 27855/2020 Service No.: 200960/2020 Service No : 202235/2020 Service Date: 28/12/2020 Government of Dubai Government of Dubai Government of Dubai Service No.: 435/2020 Dubai Courts Dubai Courts Dubai Courts Government of Dubai Dubai Courts service by Publication service by Publication service by Publication in Case no. 305/2020/2938 Commercial- appeal in Case no. 16/2020/4827 Commercial- restricted in Case no. 16/2020/4827 Commercial- restricted service by Publication Case subject: Jurisdiction Jurisdiction on Case no. (704/2020/165) real estate, Committees First: In Form: To permit the appeal in form for being filed within the prescribed period including all its legal requirements. Case subject: Claiming to obligate the Defendant to pay an amount Case subject: Claiming to obligate the Defendant to pay an amount Case Subject matter: Statement of claim, requesting the remaining price Second: In merits: To quash the appealed judgement and refer the of (AED 59,141.70) as well as fees, expenses and attorney's fees, plus of (AED 118,587.50) as well as fees, expenses and attorney's fees, plus of the unit at issue, delay penalties and the legal interests case back to Courts of First Instance to rule on its subject in accordance interest of 12% as of date of claim until full payment is affected interest of 12% as of date of claim until full payment is affected. with Article No. 166 of Civil Procedures Law. Third: Alternatively: To quash the appealed judgement and award the Plaintiff: Mawarid Finance Capacity: Plaintiff Plaintiff: Mawarid Finance Capacity: Plaintiff Service Applicant: CitYWaLK resiDentiaL L.L.C 1 Capacity: Plaintiff plaintiffs reuqiest as established in the initial statement of claim. Fourth: To oblige the appellee with fees, expenses and attorney's fees. notified Party: notified Party: To be served on 1- Khorm alaaddin Ciani Capacity: Defendant 1- Mohammed Rafqan Mohammed Nassarudin Capacity: Defendant 1- Keith Allan Breisberry Capacity: Defendant Plaintiff: Mawarid Finance Capacity: Appellant Subject of Service notified Party: 1- Pinjies Savio John Dias Capacity: Appellee subject of service: subject of service: The Plaintiff has filed the Case againstyou. Its subject is claim for The Plaintiff has filed the Case againstyou. Its subject is claim for The Applicant filed against you the case, entitled statement of claim, subject of service: obligating the Defendant to pay an amount of AED (59,141.70) as well obligating the Defendant to pay an amount of AED (118.587.50) as well requesting the remaining price of the unit at issue, delay penalties and The judgement rendered in case No. 3394/2020 Commercial — as fees, expenses and attorney's fees, plus legal interest of 12% as of the as fees, expenses and attorney's fees, plus legal interest of 12% as of the the legal interests. Restricted Jurisdiction was challenged by appeal. A hearing is set date of claim until full payment is affected. date of claim until full payment is affected. The case is scheduled at the hearing of Monday 11/01/2021, at 12:00 pm. therefor to be held on Wednesday, corresponding to 13/01/2021 at A hearing is set therefor to be held on Sunday, corresponding to A hearing is set therefor to be held on Sunday, corresponding to In Chamber Ch 2.F.24. 10:00 AM, at the Remote Litigation Hall (BUILDING_DESC&). Therefore, 10/01/2021 at 08:30 AM, at the Remote Litigation Hall 10/01/2021 at 09:30 AM, at the Remote Litigation Hall you are required to appear in person or by your representative, (BUILDING_DESC&). Therefore, you are required to appear in person or (BUILDING_DESC&). Therefore, you are required to appear in person or Therefore, you are required to appear in person or by a legal attorney otherwise trial shall be held in absentia. by your representative and submit your relevant memoranda or by your representative and submit your relevant memoranda or and submit your pleadings or exhibits to the court not less than three days documents to the Court at least three days prior to the hearing. documents to the Court at least three days prior to the hearing. before the hearing. Case manager nasser saeed seror rashid al-Yahiani Case manager Case manager Committee Reporter shouq Hamza mohamed Qamber al-bnay ahmed ayoub mahmoud abdullah ahmed abdullah

the gulf time the gulf time the gulf time the gulf time Date: 31-12-2020 Date: 31-12-2020 Date: 31-12-2020 Date: 31-12-2020 Notice Date: 29-12-2020 Edition No. 2225 Notice No.: 202621/2020 Date: 29/12/2020 Government of Dubai Government of Dubai Government of Dubai Government of Dubai Dubai Courts Dubai Courts Dubai Courts Dubai Courts 676/2020/18 real estate, restricted jurisdiction notarial notice by Publication Civil Trial Court service by Publication 2020/7650 notice of Publication in Case no. 11/2020/2140 Civil- restricted Jurisdiction Details of service by Publication Case no. 2200/2020/11 Civil/Partial to the Judgment Debtor Case subject: Claiming to obligate the Defendant to pay an amount 1_ syed mohsin ali shah notifying Party: ahmed mahmoud abdul Khaleq bastaki - Comoros national Unknown Residence Place Case subject: Claiming the respondent party to restore the vehicle Mercedes of (AED 117845) as well as fees, expenses and attorney's fees, plus represented by: advocate salman Lutfi (GLE 43, Model 2017) to the claimant party, or its value of AED 185,000 (One interest of 9% as of date of claim until full payment is affected. To render Whereas the Judgment Creditor hundred eighty-five thousand dirhams), in addition to reimbursement of AED an expeditious enforceable judgment without bail. Tamweel Private Joint Stock notified Party: nader noroz Karkar- iranian national 15000 and the statutory interest by 9% as of the maturity date until the full represented by: Saad Mohammed Abdullah Al Hammadi (Unknown Place of Residence) payment and binding him with fees and charges. Plaintiff: Acropol Interiors LLC Capacity: Plaintiff applicant: Yaqoob Yousuf abdulrahim mohamed alzarooni Legal Capacity: Claimant notified Parties: We do hereby serve notice upon you that the court ruled at the hearing held The Notifying Party do hereby notify the Notified Party to pay aeD 1- First Business Center Capacity: Defendant on 29/11/2020 in the said case as follows: The court ruled — in default — that addressee: ai Warqa used Cars L.L.C Legal Capacity: respondent 815,000.00 (eight Hundred fifteen thousand Dirhams) due by them, on or residence: unknown 2- Badr Hamad Ahmed Al-Zouabi Capacity: Defendant the ljarah Forward Agreement entered into by and between the Plaintiff and before five days from the date thereof. Otherwise, we will be forced to Of unknown place of residence the Defendant dated 29/06/2008 along with its annexures are repealed. The take all actions set forth in Article (62) of the Cabinet Resolution No (57) of real estate unit — subject matter of the case — is returned to the Plaintiff notice subject: 2018, concerning the Executive Regulations of the Civil Procedure Law and The aforementioned case was filed against you themed of binding the respondent subject of service: Company and a freehold possession thereof is surrendered to the Plaintiff. The the subsequent articles to procure a payment order against the notified real estate annotation is cancelled (Ownership of the real estate is subject to party to restore the vehicle Mercedes (GLE 43, Model 2017) to the claimant party, The Plaintiff has filed the Case against you. Its subject is claim for lease-to-own (ljarah) arrangements in accordance with the lease-to-own party binding him to pay the abovementioned amount plus the legal or its value of AED 185,000 (One hundred eighty-five thousand dirhams), in addition obligating the Defendant to pay an amount of AED (117845), fees, (ljarah) contract and the annexures thereof) mentioned in the title. The interest at the rate of 9% from the due date until the full and final payment, to reimbursement of AED 15000 and the statutory interest by 9% as of the maturity expenses, attorney's fees, plus legal interest of 9% as of the date of claim Defendant's name is struck off therefrom. The Land Department is to be as well as taking all provisional measures including travel ban to guarantee date until the full payment and binding him with fees and charges. until full payment is affected, and to render an expedite enforceable communicated accordingly. The Defendant is ordered to pay to the Plaintiff settlement of the debt due if you continue to abstain from payment, in Therefore, we would like to notify you that the aforementioned case was filed judgment without bail. (AED 155,833) (One hundred fifty five thousand and eight hundred thirty three addition the notified party shall be bound to pay all costs, expenses and against you, so kindly be informed of the same and to appear through BOTIM A hearing is set therefor to be held on Tuesday, corresponding to dirhams), being the value of the unpaid rent from August 2018 until the date of attorney's fees. before the trial Proceedings Administration on phone no. 00971566037085, on 07/01/2021, starting from 09:00 AM to 12:30 PM, or the visual presence through 29/12/2020 at 09:00 AM to 13:30 PM, at Seventh Case Management the warning, along with the charges, expenses and one thousand dirhams This is to notify you of its contents and it shall be legally effective as an Office (BUILDING_DESC&). Therefore, you are required to appear in towards attorney's fees. All other reliefs are dismissed. evidence against you. the legal representative or the certified services provider centers (Al Adheed) to present your reply on the statement of claim and its enclosures. person or by your representative and submit your relevant memoranda The judgment is appealable within thirty days starting from the second day of or documents to the Court at least three days prior to the hearing. publishing this service. notary Public Head of Division Issued in the name of H.H. Sheikh Mohammed bin Rashid bin Saeed Al (Signed and stamped by Dubai Courts) Maktoum, ruler of Dubai, and was recited publicly. al murr ahmad abdullah Khamis al murr Case manager

the gulf time the gulf time the gulf time Date: 31-12-2020 Date: 31-12-2020 Date: 31-12-2020

Notarization Date: 20/12/2020 Notarization Date: 20/12/2020 Notarization Date: 20/12/2020 Government of ras aL KHaimaH Government of ras aL KHaimaH Government of ras aL KHaimaH the gulf time — Date: 31-12-2020 Courts Department Courts Department Courts Department Case number: 3837/2019 type of Case Penalty subject/ notarial notice subject/ notarial notice subject/ notarial notice notarization no: 22291/2020 notarization no: 22289/2020 notarization no: 22290/2020 In the session held at the headquarters of Ras Al Khaimah Court, the Second Misdemeanour on Sunday 27/12/2020 Warner: Mahmoud Mustafa Mohammed Talawy - Egyptian, as an Warner: Mahmoud Mustafa Mohammed Talawy - Egyptian, as an Warner: Mahmoud Mustafa Mohammed Talawy - Egyptian, as an Attorney of Mr. al-fadil moetasem abdul rahman al- maqbool - Emirati, Attorney of Mr. al-fadil moetasem abdul rahman al- maqbool - Emirati, Attorney of Mr. al-fadil moetasem abdul rahman al- maqbool - Emirati, Filed from the common right against: in his personal capacity and as the owner of the professional license no. in his personal capacity and as the owner of the professional license no. in his personal capacity and as the owner of the professional license no. Cn1035473 , named: Dar al-Hikma Lawyers and Legal Consultancy , Cn1035473 , named: Dar al-Hikma Lawyers and Legal Consultancy , Cn1035473 , named: Dar al-Hikma Lawyers and Legal Consultancy , The name Nationality Age Title under Power of Attorney No. 2056001102, and as an Attorney of Abu under Power of Attorney No. 2056001102, and as an Attorney of Abu under Power of Attorney No. 2056001102, and as an Attorney of Abu Vijey Kapoor Ramesh Kapur India 54 Emirates - Dubai - District 4 Dhabi Commercial Bank PJSC under the Power of Attorney No. Dhabi Commercial Bank PJSC under the Power of Attorney No. Dhabi Commercial Bank PJSC under the Power of Attorney No. 2005002094. 2005002094. 2005002094. Warnee: maLiK aLi moHammaD HamDieH — Indian National Warnee: KristiJan veLJKoviC — serbia national Warnee: Jeem JoHnson Jeem - indian national The Public Prosecution assigned the aforementioned indictment sheet Address: Abu Dhabi, Al Muroor Street, Villa 7, Mobile: 052735353. Address: Abu Dhabi, Al Muroor Street, Villa 7, Mobile: 052735353. Address: Dubai, Al Barsha 2, Mobile: 0529915461. attached to the papers: The accused did not attend and it was found that he was notified of subject: Claiming the amount of aeD 93,609.94 subject: Claiming the amount of aeD 84,979.5 subject: Claiming the amount of aeD 57,491.12 the date of the session, and lawyer Muhammad Ibrahim attended, on According to this notice, we notify you to pay the outstanding due According to this notice, we notify you to pay the outstanding due According to this notice, we notify you to pay the outstanding due behalf of his colleague, lawyer Hamad Al-Nuaimi, as the representative amount of aeD 93,609.94 (Ninety Three Thousand Six Hundred Nine amount of aeD 84,979.5 (Eighty Four Thousand Nine Hundred Seventy amount of aeD 57,491.12 (Fifty Seven Thousand Four Hundred Ninety of the complainant in his capacity as a plaintiff of civil right and Dirhams and Ninety Four Fils) within seven days of the date of the notice. Nine Dirhams and Fifty Fils) within seven days of the date of the notice. One Dirhams and Twelve Fils) within seven days of the date of the presented a list of claiming civil right with evidence of payment of the Otherwise, we shall take all procedures to sell the car mortgaged to our Otherwise, we shall take all procedures to sell the car mortgaged to our notice. Otherwise, we shall take all procedures to sell the car fee and made copies of a receipt that lncluded the amount of Principal the Warner Bank", (Lexus IS 300/ White/ Private/ No. 12/86089, Principal "the Warner Bank", (Kia Sportage/ Black/ Private/ No. N/72044, mortgaged to our Principal "the Warner Bank", (Nissan Altima/ Black/ payment of 5100 dirhams Drawing. licensed in Abu Dhabi) in accordance with Article No. 172-175 of licensed in Abu Dhabi) in accordance with Article No. 172-175 of Private/ No. W/92355, licensed in Dubai) in accordance with Article No. Commercial Transaction Law) Commercial Transaction Law) 172-175 of Commercial Transaction Law) Wherefore The court decided to postpone the case to a session on 01/06/2021, Reserving all other rights of the Warner. Reserving all other rights of the Warner. Reserving all other rights of the Warner. and the civil plaintiff must announce the accused with the civil right the Warner the Warner the Warner //signature// //signature// //signature// claim list to Publish in two newspapers, one in English and the other in Arabic. thursday 31 december 2020 - saturday 02 january 2021 04 OPINION The gulf Time The three big mistakes

Chairman of ThE board Saeed Saif China made in 2020 Beijing got three big things wrong—underestimating the K-shaped Tel: 02-4468000, Fax: 02-4485401 rebound, muzzling billionaire critics and mishandling defaults Website: www.emirates-business.ae Email: [email protected], [email protected], [email protected] Printed at: al Wathba Printing Press

Why companies are Shuli Ren ven if you resent China for being the fleeing California? Eepicenter of Covid-19, you’ve got to admire Bei - mid raging wildfires, rolling blackouts and a worsening coronavirus jing’s leadership skills. Less outbreak, it has not been a great year for California. Unfortunately, than a year after the pan - Athe state is also reeling from a manmade disaster: an exodus of thriv - demic erupted, life is back ing companies to other states. to normal, while Europe In just the past few months, Hewlett Packard Enterprise Co said it was and the US are still strug - On November 3, China suspended the $35 billion public listing of billionaire Jack Ma’s Ant Group Co — just two days leaving for Houston. Oracle Corp said it would decamp for Austin. Palantir gling. The country is now before the fintech’s trading debut Technologies Inc, Charles Schwab Corp and McKesson Corp are all bound the world’s shining eco - for greener pastures. No less an information-age avatar than Elon Musk has nomic outlier. became a social issue. On had enough. He thinks regulators have grown “complacent” and “entitled” Many good things can be President Xi Jinping has always been a reformer, December. 27, the central about the state’s world-class tech companies. said about China. Wearing a keen to upgrade China’s economy and rid the system bank said in a published No doubt, he has a point. Silicon Valley’s high-tech cluster has been the mask isn’t a political de - of excess debt. For the past few years, Trump’s trade Q&A that Ant has “little envy of the world for decades, but there’s nothing inevitable about its suc - bate. Bureaucrats take virus legal awareness” and asked cess. As many cities have found in recent years, building such agglomera - testing so seriously that war and Covid-19 derailed him. Now that both the fintech giant to return to tions is exceedingly hard, as much art as science. Low taxes, modest some measures go over - roadblocks are gone, he can get back on track its core, less-lucrative digi - regulation, sound infrastructure and good education systems all help, but board. The central bank re - tal payment business. aren’t always sufficient. Once squandered, moreover, such dynamism can’t sisted the temptation to easily be revived. With competition rising across the US, the area’s policy take the cheap, zero-rate workers. The sector, which grants live and work in mishandling defaUlTs makers need to recognise the dangers ahead. shortcut to boost the econ - didn’t fully bounce back China’s cities, mostly in the There’s a persistent per - In recent years, San Francisco has seemed to be begging for companies omy, and is opening finan - until October, employed as construction, manufactur - ception that rules in China to leave. In addition to familiar failures of governance — widespread home - cial markets. No wonder many as 33 million people ing and services sectors. run on a dual track: Private- lessness, inadequate transit, soaring property crime — it has also imposed yield-hungry foreigners are last year. During the pandemic, they sector businessmen get more idiosyncratic hindrances. Far from welcoming experimentation, it has buying Chinese assets at a Yet Beijing didn’t start to not only lost their jobs, but summoned and dressed sought to undermine or stamp out home-rental services, food-delivery record pace, despite angry address this economic im - didn’t get to collect unem - down by government offi - apps, ride-hailing firms, electric-scooter companies, facial-recognition tech - objections from US Presi - balance until mid-Novem - ployment checks. As far as cials whenever they cross nology, delivery robots and more, even as the pioneers in each of those dent Donald Trump. ber, when it published a Beijing was concerned, they the line – as Jack Ma wit - fields attempted to set up shop in the city. It tried to ban corporate cafeterias But there’s always room vaguely worded, 22-page weren’t jobless; they could nessed in November. Mean - — a major tech-industry perk — on the not-so-sound theory that this would to improve. Come January, document on antitrust reg - always go home to farm. while, state-affiliated protect local restaurants. It created an “Office of Emerging Technology” that there will be a more rational ulations aimed at reining in China went for trickle-down entities can sit cozy, with will only grant permission to test new products if they’re deemed, in a city occupant of the White the country’s tech giants. On economics. plenty of local resources at bureaucrat’s view, to provide a “net common good.” Whatever the merits House, which will give China Christmas Eve, in a one-sen - their command. of such meddling, it’s hardly a formula for unbounded inventiveness. the space to focus on struc - tence statement, the State mUzzling billionaire An ugly wave of defaults These two traits — poor governance and animosity towards business — tural reforms. And it’s here Administration for Market CriTiCs among state-owned enter - have collided calamitously with respect to the city’s housing market. Even I’d like to raise some quib - Regulation said Alibaba Even as Americans prises is only further evi - as officials offered tax breaks for tech companies to headquarter themselves bles with Beijing, because Group Holding Ltd. was flooded the polls to choose dence of this trend. downtown, they mostly refused to lift residential height limits, modify zon - for the thousand things it under investigation for the their new president, China Pinched by oversupply ing rules or allow significant new construction to accommodate the influx did right this year, it got so-called “pick one out of found a way to steal the and dwindling profit mar - of new workers. They then expressed shock that rents and home prices three big things wrong. two” practice. Alibaba’s show. On November 3, it gins, SOEs started to default were soaring — and blamed the tech companies. shares are down 28% from suspended the $35 billion here and there as early as California’s legislature has only made matters worse. A bill it enacted in UnderesTimaTing The their October high. public listing of billionaire 2015. Yet the latest wave, 2019, ostensibly intended to protect gig workers, threatened to undo the K-shaped reboUnd The K-shaped rebound Jack Ma’s Ant Group Co — which began in September – business models of some of the state’s biggest tech companies until voters Just months into the pan - shouldn’t have come as a just two days before the fin - after China’s economy granted them a reprieve in a November referendum. A new privacy law has demic, the world quickly re - surprise: The macro statis - tech’s trading debut. bounced back from the imposed immense compliance burdens — amounting to as much as 1.8% alized the myriad ways tics gave plenty of cues. The bright side of grid - Covid slowdown – was the of state output in 2018 — while conferring almost no consumer benefits. Covid-19 was exacerbating Manufacturing bounced lock in Washington is strong first batch to test market - An 8.8% state corporate tax rate and 13.3% top income-tax rate (the na - income inequality. Large back quickly, while retail investment case for China: a place rules. The few that tion’s highest) haven’t helped. Of course, California isn’t alone in squander - technology companies and sales, a barometer of weaker dollar, which makes missed repayments are the ing such advantages. New York City has been the world’s top finance hub their employees, who could broader consumer confi - its currency more attrac - biggest SOEs in their regions. for many years, and increasingly had become home to a thriving tech com - work from home, were dence, lagged for months. tive; a sovereign bond yield President Xi has always munity as well. But a similar blend of poor policy choices, high taxes, need - flush with cash, while store - Luxury items were doing differential at a record high; been a reformer, keen to up - less red tape, rising crime, and occasional outright hostility — as with the front businesses were well, with high-end cars and a wave of mainland uni - grade China’s economy and senseless opposition to Amazon.com Inc’s proposed headquarters — has forced to close. selling fast and the likes of corns going public. But the rid the system of excess been pushing both industries to friendlier climes in recent years. As early as April, when Chanel and Louis Vuitton sudden antics pulled with debt. For the past few years, —Bloomberg China first emerged from raising prices. Ma can unsettle even the Trump’s trade war and lockdown, small restau - In the US and elsewhere, savviest investors. Covid-19 derailed him. Now rants were starting to voice consumer confidence has In a terse statement an - that both roadblocks are their complaints about the been partially shielded from nouncing its decision, the gone, he can get back on exclusive arrangements the Covid-19 recession Shanghai Stock Exchange track. other opinion food-delivery super-apps thanks to stimulus checks cited regulatory changes asked them to sign, forcing and augmented unemploy - and Ant’s inability to fulfill —Bloomberg them to choose one plat - ment benefits. China, on the listing conditions. Beijing form over another, and the other hand, took a page has a point. During Covid- shuli ren is a Bloomberg Opinion Working for a shrinking exorbitant fees they from its 2008 playbook, 19, consumer credit was ex - columnist covering Asian markets. charged. These apps threat - revving up the economy by panding too fast, and She previously wrote on markets for ened the recovery of the building new bullet trains abuses, such as predatory Barron's, following a career as an in - hotel and catering industry, and 5G telecom stations. interest charges and misuse vestment banker, and is a CFA asset manager is no fun and the livelihood of its Over 170 million mi - of tenants’ prepayments, charterholder

ebster’s dictionary defines bipolarity as “charac - Since taking over at the start Wterised by two directly of September, Stephen Bird opposing opinions, natures, etc.” Three years after the mega-merger worked quickly to demarcate Five nice things about politics in 2020 that created Standard Life Ab - the UK asset management erdeen Plc, it’s still trying to cure it - company’s businesses into Voters, state, local governments and thousands and thousands of self of just such an affliction. New four areas — global asset chief executive officer, Stephen Bird, poll workers made this year’s US elections remarkably successful needs to get the firm pulling in a management, fund adviser common direction. platforms, strategic Jonathan BeRnStein Since taking over at the start of partnerships, and retail There were the GOP September, Bird worked quickly to savings and wealth politicians in Arizona, demarcate the UK asset manage - t was a dreadful year, ob - Georgia, Michigan, ment company’s businesses into viously, and that applies four areas — global asset manage - Ito US politics, too. Never - Nevada, Pennsylvania ment, fund adviser platforms, strate - initial mistake of installing co-chief theless, believe it or not, and Wisconsin who, gic partnerships, and retail savings executive officers, Standard Life’s some stuff was worth cele - when push came to and wealth. Each division has its Keith Skeoch and Aberdeen’s Martin brating. Here are five good shove (sometimes own leadership and, importantly, Gilbert. That produced what one in - developments: growth targets. With the relentless sider called a “Noah’s Ark” approach Republicans for democ - literally), chose industrywide pressure on fees and to decision making that tried to keep racy: In a year when the Re - democracy over blind income showing no signs of abating, both camps happy instead of follow - publican Party overall loyalty to a Republican a shrinking asset manager can rap - ing business logic. showed an alarming and ap - Trump supporters gather during a protest outside the Philadelphia Convention president idly become an unviable one. That blurred vision and hurt parently accelerating lack of Center during the counting of ballots on November 05 —DPA Next up on Bird’s to-do list: sort - morale. A survey just after the support for US democracy, ing out the marketing. The company merger showed only about half of we should recognise those Arizona, Georgia, Michigan, funded governments. Un - news shows. currently has six brands, each with the staff felt positive about going to who stepped up when it Nevada, Pennsylvania and precedented nonsense Yes, we shouldn’t ignore its own website. That’s arguably five work, with a fifth feeling negative. counted. Begin with Mitt Wisconsin who, when push coming from the White significant efforts to make brands too many, diluting the pres - Returns for investors suffered. In Romney, who was the only came to shove (sometimes House. Even threats of vio - voting harder even while the tige that should flow from almost 2018, about half of funds under senator in his party to risk literally), chose democracy lence. Yet voters, state and virus was spreading. But two centuries as a steward of other management lagged their relevant the consequences when he over blind loyalty to a Re - local governments, and even Republican states (like people’s money. The confusing sta - benchmarks measured over three voted to remove President publican president. thousands and thousands my own Texas, for example) ble includes both the Standard Life years. In 2019, 40% of them still un - Donald Trump from office. It’s not that these politi - of poll workers combined did quite a bit to make the Aberdeen and Aberdeen Standard derperformed. That was an honest-to- cians are always heroes of to make the 2020 elections election go reasonably Investments monikers, as well as the Customers have pulled money out goodness-profile-in-courage the republic. Georgia Secre - remarkably successful. The smoothly. utterly unmemorable 1825 trade - of the firm every year since 2016, moment. tary of State Brad Raf - turnout was the highest in Diversity, Republican mark referencing the firm’s year of with assets dropping to 512 billion And don’t forget the Nev - fensperger, for example, has over a century (or ever, Party edition: After several establishment. The more than 600 pounds ($695 billion) by the middle erTrump conservatives who gone right back to fighting given voter rules), and the cycles in which Republicans individual funds available could also of this year, well short of the $1 tril - were not only able to see the to make it harder for people process went relatively nominated Anglo men for benefit from judicious pruning. lion club the merger was designed to flaws of the man in the to vote, just as he did before smoothly and with no hint the overwhelming bulk of Although the company was a fron - qualify for. Chairman Douglas Flint White House (which really the election. But when it re - of irregularities. Indeed, winnable open seats and trunner in identifying the impor - cleaned house after arriving in early wasn’t hard to do), but who ally counted, Raffensperger there was so little in the seats held by Democrats, the tance of scale, it’s fumbled its 2019. Gilbert quickly relinquished were willing to examine how and many others made the way of fraud that Trump’s party finally made progress execution of the merger. Combining his seat, and in June this year Skeoch their own party reached the correct choice. lawyers didn’t have much of in fielding candidates that two cultures was never going to be announced his departure. point where Trump could Elections and their sup - anything to allege in court, look like 21st-century easy, but it was made harder by the —Bloomberg dominate it. And then there porters: A pandemic. Post no matter what they al - America. were the GOP politicians in office troubles. Under - leged on third-rate cable- —Bloomberg thursday 31 december 2020 - saturday 02 january 2021 retail/aViatiON 05

The max accounts for about 80% of Boeing’s backlog of aircraft orders Apple loses court battle against security startup Boeing’s 737 Max returns in BloomBerg Apple Inc. lost its copyright claims against a Florida com - pany that makes “virtual US with American Air flight iPhones” used by security researchers to test for the vulnerabilities to its system. For the planemaker, the jet’s return is keystone of company’s efforts to Apple contended Corellium LLC copied the operating sys - repair a balance sheet battered by grounding and coronavirus pandemic tem, graphical user interface Apple contended Corellium and other aspects of the de - BloomBerg vices without permission. It ac - copied the operating cused Corellium of acting system, graphical user Boeing Co.’s 737 Max has re - under the guise of helping dis - interface and other turned to commercial service in cover bugs in the iPhone’s op - aspects of the devices the US, with the first flight since erating system but then selling two deadly crashes prompted the information “on the open without permission the longest aircraft grounding market to the highest bidder.” in the nation’s history. Corellium’s actions fell The Cupertino, California- An American Airlines Group under an exception to copy - based company argued that Inc. 737 Max 8 landed at New right law because it “creates a the Corellium product went far York’s LaGuardia Airport, arriv - new, virtual platform for iOS beyond that, though Corellium ing slightly ahead of schedule and adds capabilities not avail - said it evaluates potential from Miami in the first leg of a able on Apple’s iOS devices,” customers and rejects some. round trip. District Court Judge Rodney Corellium has said its cus - US regulators lifted the flying Smith in West Palm Beach tomers are government agen - ban last month after ordering ruled. That Corellium sells its cies, financial institutions and extensive revisions to the product “does not undermine security researchers and ac - plane’s flight-control computer its fair use defense, particularly cused Apple of trying to control and other changes. considering the public benefit security research to limit what of the product.” the public learns about vulner - Apple has a “bounty pro - abilities. Apple had been in The 737 Max returned to gram” where it rewards so- talks to buy the company but commercial service earlier called white hat hackers who the two sides couldn’t agree on discover flaws in its system. a price, Smith said. this month when Brazil’s US regulators lifted the flying ban on Boeing 737 Max last month after ordering extensive revisions to the plane’s flight-control Gol Linhas Aereas computer and other changes Inteligentes began to avoid the Max. The carrier operating regular has scheduled 588 Max flights n US regulators lifted the flying ban last month after domestic flights with in January, according to data ordering extensive revisions to the plane’s flight-control AirAsia sells stake in India compiled by Cirium, an aviation computer and other changes the aircraft analytics firm. “Bookings on the Max are venture to Tata for $38mn comparable to other aircraft, n American Airlines group said it hasn’t seen signs that BloomBerg said it was reviewing invest - For Boeing, the Max’s return and we aren’t seeing data to customers are trying to avoid the 737 Max. The carrier ment in its cash-strapped In - is the keystone of the com - suggest customers don’t want AirAsia Group Bhd., hit by the dian affiliate, hours after its pany’s efforts to repair a bal - to fly the aircraft,” Sarah Jantz, has scheduled 588 Max flights in January 2021 coronavirus pandemic that’s Japan unit filed for bankruptcy. ance sheet battered by the a spokeswoman for the Fort decimated passenger demand, The group has also stopped grounding and the coronavirus Worth, Texas-based carrier, operating regular domestic landing in Tucson, Arizona, is selling its 32.7% stake in funding AirAsia India leaving pandemic. The Max accounts said in an email. flights with the aircraft. The air - Aviation24.be reported. AirAsia India Ltd. to its part - the future of the company for about 80% of Boeing’s American’s president, Robert line had operated 516 Max Southwest Airlines Co., the ner Tata Sons Ltd. for about largely dependent on India’s backlog of aircraft orders and Isom, rode on the Max’s flight flights, while Grupo Aeromex - Max’s largest customer, plans $38 million. Tata Group. represents the company’s only to New York and is planning to ico SAB flew 73, according to to fly the model next year, as do The Malaysian low-cost car - Chief Executive Officer Tony offering in the crucial single- make the return trip to Miami. Cirium. United Airlines Holdings Inc. rier entered into an agreement Fernandes this month said aisle market, in which the US The Max returned to com - Last week, a Max flown by Air and Alaska Air Group Inc. with Tata Sons, which already AirAsia is evaluating its venture planemaker trails Airbus SE. mercial service earlier this Canada on a test flight experi - The Max was grounded owns 51% of the venture, with the Tata Group, while the American said it hasn’t seen month when Brazil’s Gol Linhas enced engine issues that forced in March 2019. A total of 346 according to an exchange filing. two expand their relationship signs that customers are trying Aereas Inteligentes SA began the crew to make an emergency people died in the two crashes. AirAsia Group last month in the digital business.

Shopping amid pandemic in england Airbus nears 550 deliveries in year derailed by Covid-19 The European planemaker delivered a record 863 planes last year, before health crisis crushed the balance sheets of airline BloomBerg

Airbus SE has handed over close to 550 aircraft in 2020, with three days left to pad its total in a year derailed by the Covid-19 pandemic. The European planemaker is nearing the milestone after tal - lying 477 deliveries through No - vember, the people said, asking not to be named citing confiden - tial information. The figures are Women wearing face masks walk past a shop window advertising discounts on Boxing Day in Bournemouth, England. Boxing unaudited and will be finalised Airbus remains comfortably ahead of Boeing Co., though neither is anywhere near where Day spending is expected to fall by more than a quarter compared with a year ago, after extensive new Covid-19 restrictions after the end of the year. it expected to be when the year started forced non-essential retailers to close —DPA Airbus remains comfortably ahead of Boeing Co., though Schaffrath declined to com - neither is anywhere near Airbus has used ment on the figures, saying that where it expected to be when incentives such as an the company would issue a the year started. The Toulouse, e-delivery option that final total once they were au - France-based planemaker de - allows customers to dited. He added that the plane - Cathay Pacific announces 99% traffic drop livered a record 863 planes last maker is still pushing to make year, before the health crisis delegate some essential deliveries to customers. BloomBerg as demand remains elusive. crushed the balance sheets of checks to manufacturer Airbus is set to retain its Cathay Pacific warned Cathay’s passenger traffic airline and leasing-firm cus - that are made harder by title of world’s largest plane - Cathay Pacific Airways Ltd. car - that its second-half losses has been down around 99% tomers. Manufacturers have travel restrictions maker for a second year. Still, ried just 37,815 passengers in will be significantly worse every month since April as been scrambling since then to 550 deliveries would repre - November, down 98.6% from a than $1.3bn hemorrhage Covid-19 and related travel re - preserve orders and shuffle sent a drop of about 36% from year earlier, and warned that in the first six months strictions decimated demand. delivery schedules. harder by travel restrictions. 2019. its second-half losses will be November revenue passen - In a sustained push to in - The planemaker, based in Boeing had managed to hand significantly worse than the ger kilometers fell 97.9% from crease handovers in recent Toulouse, France, abandoned over only 118 aircraft by the $1.3 billion hemorrhage in the levels, compared with 34.3% in a year earlier, while passenger months, Airbus used incentives its annual forecast for 880 de - end of November. The pace for first six months. the first half, the Hong Kong- load factor was just 18.5%. The such as an e-delivery option liveries back in March, as the the Max, its best-selling jetliner, Average passenger capacity based carrier said. Restructur - airline carried 116,853 tons of that allows customers to dele - coronavirus began to wreak is likely to speed up in coming in the second half is only likely ing and impairment costs will cargo and mail, down 34.3%, gate some essential checks to havoc on the plans of airlines. months with Max model’s to be 8.4% of pre-pandemic add to the pressure on earnings with a load factor of 77.7%. the manufacturer that are made Airbus spokesman Stefan ungrounding. Delhi airport says it’s ready for vaccine distribution challenge Indira Gandhi International will be a main handling point and has facilities to store 2.7mn vials of vaccine at 2-to-8 oC BloomBerg New Delhi’s airport — Indira Gandhi International — will be For its part, India’s busiest airport is “completely Distributing vaccines around a main handling point and has ready” to handle Covid-19 vaccines, but there could India will pose plenty of logis - facilities to store 2.7 million be issues elsewhere considering more remote areas may tical headaches given the size vials of vaccine at 2-to-8 de - of the country, its vast popula - grees Celsius, as well as cooling not be equipped with sufficient equipment and containers tion and number of coron - chambers that can keep tem - Videh Kumar Jaipuriar, avirus cases, now at more than peratures as low as minus 20 10 million. degrees Celsius, Jaipuriar said. Delhi International Airport Ltd CEO For its part, India’s busiest air - “Delhi Airport is already port is “completely ready” to completely ready to distribute According to Bloomberg’s India, along with China, the handle Covid-19 vaccines, ac - Covid vaccine.” Covid Resilience Ranking, a world’s most-populous nation, cording to Delhi International “As soon as we get an indica - New Delhi’s airport — Indira Gandhi International – has cooling chambers that can keep measure of the best places to both slipped in the ranking ver - Airport Ltd. Chief Executive Of - tion on what’s going to be flow, temperatures as low as minus 20 degrees celsius be in the Covid-19 era, India is sus November. While both coun - ficer Videh Kumar Jaipuriar, but we will do final tune up and then India is relying largely on cold storage requirements for a long way down the list, tries have secured over two there could be issues elsewhere we will be ready to go,” Jaipuriar two domestically made vac - Pfizer Inc.’s shot make it an un - ranked No. 39 out of 53 billion shots with multiple devel - considering more remote areas said in an interview with cines from Bharat Biotech In - likely choice for widespread economies in December, below opers, that’s less per capita cov - may not be equipped with suffi - Bloomberg News during a tour of ternational Ltd. and the Serum use given India’s patchy health even the US and Brazil. New erage than many smaller places. cient equipment and containers. the airport’s facilities on Decem - Institute of India Ltd., which networks and infrastructure, Zealand — with its closed bor - “This is a huge logistics exercise “One of the key challenges will ber 22. He said there was also ca - has partnered with As - especially in rural areas where ders, vaccine deals and elimi - that needs to be worked ou t in de - be the availability of cold chain pacity to potentially export traZeneca Plc to produce at the bulk of the country’s nearly nation of the virus in the tail for vaccine to reach every across India,” he said. vaccines to nearby countries. least one billion doses. Ultra- 1.4 billion people live. community — remains No. 1. nook and corner,” Jaipuriar said. thursday 31 december 2020 - saturday 02 january 2021 06 politics

The UK is facing worst recession in more than 300 years China sentences 10 HK activists over Johnson urges parliament attempt to flee by boat BloomBerg The verdicts may not be to rush Brexit deal into law China sentenced 10 Hong Kong end of legal jeopardy for activists who made a dramatic attempt to flee by boat to up to so-called “Hong Kong The UK PM opens debate in House of Commons on EU trade agreement three years in prison, defying 12,” who were captured calls for their release from the by coast guard authorities BloomBerg US and others. from neighbouring Activist Tang Kai-yin was Boris Johnson urged members sentenced to three years while Guangdong province in of Parliament to approve his Quinn Moon was jailed for two August as they tried to Brexit trade agreement and years over their roles in or - flee to Taiwan complete Britain’s four-year di - ganising an illegal border vorce from the European Union. crossing, the Yantian District Parliament was recalled People’s Court in Shenzhen to the democratically-run is - from its Christmas break for an said in a statement on land of Taiwan. Hong Kong po - emergency session on Wednes - Wednesday. Eight other ac - lice vowed to pursue day to rush the deal into law in tivists who participated in the outstanding charges against a single day, 24 hours before attempt in August were the group when they return to the UK leaves the EU single handed terms of seven the city, and at least one mem - market and customs union. months, the court said. ber, Andy Li, is facing allega - Failure to endorse the deal They will also face fines tions under a sweeping would risk the return of costly ranging from 10,000 yuan national security law imposed tariffs on trade and severe dis - ($1,500) to 20,000 yuan, ac - by Beijing in June. ruption to supply chains. But cording to the statement. A The case has become a rally - pair of minors who also made ing cry for pro-democracy ac - the trip were sent back to tivists in the former British n Parliament was recalled Hong Kong without charge colony, where historic protests UK Prime Minister Boris Johnson attends a debate at House of Commons on EU Future Relationship Bill in London on Wednesday —DPA from its Christmas after admitting to participating against Beijing’s rule have break for an emergency Johnson said as he opened the The prime minister won im - “We have only one day be - in an illegal border crossing. dwindled amid the security session to rush the deal debate on the legislation to portant political support from fore the end of the transition The verdicts may not be the law and Covid-19 restrictions. write the deal into UK law. a prominent group of hard-line period, and it’s the only deal end of the legal jeopardy for The verdict could further strain into law in a single day, Britain can “trade and cooper - Brexit supporters in his Con - that we have,” Starmer said. the so-called “Hong Kong 12,” relations between the US and 24 hours before the ate” with other European coun - servative Party, who said they “Ultimately voting to imple - who were captured by coast China, as President-elect Joe UK leaves the EU tries, while retaining “sovereign will back the deal. The Scottish ment this treaty is the only way guard authorities from neigh - Biden prepares to take office control of our laws and destiny,” National Party attacked the to ensure we avoid no-deal.” bouring Guangdong province after years of deteriorating ties single market and he said. agreement, saying it will harm Former prime minister in August as they tried to flee under Donald Trump. customs union The agreement removes the Scotland’s fishing industry, and Theresa May, who resigned in UK from the constraints of EU told Johnson it will bolster the July 2019 after failing to secure n Failure to endorse competition and state aid laws, case for independence. parliamentary backing for her meaning it can choose to invest After winning a commanding Brexit plans, also welcomed the deal would risk and boost industries wherever majority on the back of a prom - the deal. However, she said she the return of costly it likes, Johnson said. It also ise to “get Brexit done,” his is disappointed at the lack of tariffs on trade and gives the UK control over its team managed to negotiate the provision for the services sec - fishing waters, immigration agreement while minsters at tor, which makes up 80% of severe disruption to policy and law-making, and home battled the coronavirus Britain’s economy, and the City supply chains provides “certainty” to airlines and the worst recession for of London financial district. and haulers who have been hit more than 300 years. “We have a deal in trade with support from the opposi - by the pandemic, he said. Keir Starmer, leader of the which benefits the EU, but not tion Labour Party, Johnson is “We are going to open a new main opposition Labour Party, one in services that would have virtually certain to get his way. chapter in our national story,” said his party will vote for the benefited the UK,” May said. “The central purpose of this Johnson said. “The responsibil - agreement to avoid the prospect She highlighted the extra bu - bill is to accomplish something ity now rests with all of us to of crashing out without a trade reaucracy professionals will Pro-democracy activist Owen Chow speaks during a press conference after a Chinese the British people always knew make the best use of the powers accord, but he criticised it as face when trying to sell their court began the trial for ten of twelve Hong Kong activists who have been detained in their hearts was possible,” we’ve regained.” “imperfect” and “thin.” services in the bloc. after a failed attempt to flee to Taiwan by a speedboat —DPA

the gulf time Algeria’s president back Date: 31-12-2020 Service Date: 29/12/2020 Russia opens new criminal case Service No.: 201975/2020 from Covid-19 treatment Government of Dubai BloomBerg Dubai Courts against Kremlin critic Navalny service by Publication in Case no. 16/2020/4892 Commercial- restricted Algeria’s president Jurisdiction BloomBerg million) on personal purposes “They’re trying to jail me for returned from two Case subject: Claiming to obligate the Defendant to pay an amount of (AED 25,166.43) as well as fees, expenses and attorney's fees, plus from donations transferred to the fact I didn’t die,” Navalny months abroad receiv - interest of 12% as of date of claim until full payment is affected. To Russia stepped up pressure on various funds, including the said on Twitter. ing treatment for render an expeditious enforceable judgment without bail. Plaintiff: Mawarid Finance Capacity: Plaintiff. opposition leader Alexey Anti-Corruption Foundation he The opposition leader is cur - Cov id-19 to a country notified Party: Navalny, who survived a nerve- set up, according to a statement rently convalescing in Berlin, facing a simmering “I praise God for 1- Vilary Sirna Biokit Capacity: Defendant subject of service: agent attack he and Western posted on its website Tuesday. where he was flown for treat - crisis at its western this auspicious return The Plaintiff has filed the Case against you. Its subject is claim for obligating the Defendant to pay an amount of AED (25,166.43) as well governments have blamed on The Kremlin critic said Pres - ment after the near-fatal poi - border and more to Algeria,” the 75- as fees, expenses and attorney's fees, plus legal interest of 12% as of the date of claim until full payment is affected and to render an expeditious the Kremlin, opening a new ident Vladimir Putin was seek - soning during a campaign trip economic uncertainty. year-old said in brief enforceable judgment without bail A hearing is set therefor to be held on Tuesday, corresponding to criminal case against him for ing to put him behind bars to Siberia. The European Union Abdelmadjid Teb - comments to the 05/01/2021 at 08:30 AM, at the Remote Litigation Hall (BUILDING_DESC&) Therefore, you are required to appear in person or alleged fraud. after a failed assassination at - in October sanctioned six Russ - boune arrived back in broadcaster, seated in by your representative and submit your relevant memoranda or The country’s Investigative tempt in August and that the ian officials over the use of the the North African na - a reception lounge at documents to the Court at least three days prior to the hearing. Case manager Committee said Navalny had latest move against him was banned Novichok chemical tion, state TV reported, Algiers’ airport. He asmaa Hussein al-ali spent 356 million rubles ($8 the result of “Putin’s hysteria.” weapon. seemingly ending a added that he hoped prolonged absence 2021 would be much that had stoked specu - better than 2020. the gulf time lation over both his Algeria is grappling Date: 31-12-2020 the gulf time the gulf time Date: 31-12-2020 Date: 31-12-2020 condition and the fu - with economic trou - Notification Date: 20 - 12 - 2020 ture political direction bles, sparked by a Government of Dubai Notification No. 196644 / 2020 of Algeria, which was decline in oil and gas Dubai Courts Government of Dubai roiled by protests for revenue that threatens subject: notariseD notiCe Government of Dubai Dubai Courts much of 2019. further tumult. Claim for aeD 7613 Dubai Courts Notifier: Dubai Islamic Bank, represented by trust for advocates & Legal notarial service by Publication Consultants under POA No 246077/1/2018 , represented by sarah faris nimr Court of Personal Status exhibit no. 7704/3/2020 mohammed, under POA No.. 113253/1/2019 Address: Dubai, Deira. Port Saeed St, Dubai Islamic Bank Building, Ph: 04-5849 the gulf time 207. Fax: 04-8194 294. PO Box 1080. Dubai, with a designated domicile at the notification of Publication Date: 31-12-2020 office of trust for advocates & Legal Consultants , being in Sharjah. Al Qasba. Notifying Party: axis bank, Gift City, india Khan Corniche St. Indian Tower Building. 11th floor, office No 1112&1113 - Ph: on Case no. 100 / 2020 / 2192 muslim Service Date: 29/12/2020 06-550 5677, Fax: 06-785 5057. Mob: 50-223 1224, email: [email protected] Proxy of trust for advocates & Legal Consultants Personal status Service No.: 202271/2020 Notified Party: mr. bavaguthu raghuram shetty Notified person: rashed umer Hazrat umer Address: Villa No. 26, West 19, P.O. 111962, Government of Dubai Address: United Arab Emirates- ABU DHABI, AL Fallah Street , Helmy Building, subject of Case: Dubai Courts Apartment No1202, Tel: 0557599001 first: The case shall be registered and a date shall be Abu Dhabi, United Arab Emirates As, on 31/03/2014, a finance contract was entered into by the notifier and the notified person in favour of the notified person for the purpose of auto finance defined to be considered in the session and Defendant shall service by Publication (financing car purchase) be informed of its plea. 1. Whereas Axis Bank, DIFC Branch, United Arab Emirates in Case no. 16/2020/4828 Commercial- restricted second: The file of the family guidance no. 5190 of 2020 Jurisdiction Plate Emirate Automobile Plate Type Martial Cases shall be included. (“Lender”) entered into a Facilities Agreement, dated 7 18564/12 ABU DHABI Honda accord Private third: The alimony of the children referred below shall be August 2016. The second amendment of such agreement, Case subject: Claiming to obligate the Defendant to pay an amount of (AED 26,256.45) as well as fees, expenses and attorney's fees, plus reduced from (8000) eight thousand to (3000) as one For the amount of aeD 99830 and the finance contract amount, including the entitled (“Amendment and Restatement Agreement”) interest of 12% as of date of claim until full payment is affected. interests thereof, was to be repaid at monthly instalments amounting to aeD thousand and five hundred for each child in consistent with 1962 over 57 months, totaling aeD 111789 the public economic status and the status of the low concerning the Standby Working Capital Facility Plaintiff: Mawarid Finance Capacity: Plaintiff notified Party: Whereas the notifier committed to all its contractual liabilities under the auto economic charger. Agreement for an amount of USD40,000,000, dated 31 1- Sanish Kumar Kuz Humal Chatady Capacity: Defendant finance contract, the notified person failed to live up to its contractual liabilities fourth: The wage of the custody payable to Defendant shall until it incurred the amount aeD 7613 that remains outstanding to date, in March 2010 (it was amended on 6 February 2012, and subject of service: addition to the outstanding interests, charges and legal and contractual fees be reduced from (1500) one thousand and five hundred to The Plaintiff has filed the Case against you. Its subject is claim for due after such date. (500) UAE Dirhams in in consistent with the public economic amended and restated on 11 2012 August 2014, which was obligating the Defendant to pay an amount of AED (26,256.45) as well status and the status of the low economic charger. amended and restated on 25 June 2015 (“Facilities as fees, expenses and attorney's fees, plus legal interest of 12% as of the therefore date of claim until full payment is affected. The notifier notifies the notified person to repay the outstanding amount (aeD fifth: The transportation allowance of the children shall be 7613) owed by the latter within seven (7) days from the date of this notice. Agreement”) with UAE Exchange L.L.C. (as Borrower). The A hearing is set therefor to be held on Sunday, corresponding to Failure to do so, the notifier shall be constrained to initiate the necessary legal reduced from (2400) two thousand and four , hundred UAE 03/01/2021 at 10:30 AM, at the Remote Litigation Hall proceedings against the notified person, including attachment, sale, specific Dirhams to (1000) so that five hundred UAE Dirhams shall be Lender, Axis Bank, DIFC Branch, referred its rights and (BUILDING_DESC&). Therefore, you are required to appear in person or performance, enforced performance and other types of procedures under the by your representative and submit your relevant memoranda or law of civil and commercial transactions. paid for each child in consistent with the public economic obligations to Axis Bank, Gift City Branch (Notifying Party), documents to the Court at least three days prior to the hearing. status and the status of the low economic charger. as per an Transfer Certificate, dated 8 August 2019 (referred Without prejudice to the notifier 's other rights sixth: Defendant shall pay fees, charges and attorney's fees. Case manager The Notifier: to as “Facilities Agreement” collectively). amira Hussein Karam //a signature appears// applicant of notification: arashed amin malik 2. Whereas Mr. Bavaguthu Raghuram Shetty (as Guarantor) Capacity in the case: Claimant provided a personal guarantee, dated 11 August 2014, in favor of Axis Bank Ltd., DIFC Branch, United Arab Emirates informed Persons: the gulf time the gulf time 1- ambrein naz arashed amin (as A Guarantee Agent), referred to as a “Personal Date: 31-12-2020 Date: 31-12-2020 Capacity in the case: Defendant Guarantee” for guaranteeing the Borrower’s obligations Unknown residence under the Facilities Agreement. subject of notification: 3. Whereas Notifying Party submitted many requests to Government of Dubai Government of Dubai The abovementioned case was filed against you and its Guarantor, Mr. Bavaguthu Raghuram Shetty to pay the Dubai Courts Dubai Courts subject shall be: first: The case shall be registered and a date shall be amounts due under the Facilities Agreement, totaling to subject: notariseD notiCe subject: notariseD notiCe defined to be considered in the session and Defendant shall USD40,647,607.61, in addition to delay interest (“Amount Claim for aeD 35669 Claim for aeD 73864 be informed of its plea. Due”). However, the Guarantor failed to pay the same until second: The file of the family guidance no. 5190 of 2020 Notifier: Dubai Islamic Bank, represented by trust for advocates & Legal Notifier: Dubai Islamic Bank, represented by trust for advocates & Legal date. Furthermore, interest is accumulating against overdue Consultants under POA No 246077/1/2018 , represented by sarah faris nimr Consultants under POA No 246077/1/2018 , represented by sarah faris nimr Martial Cases shall be included. mohammed, under POA No.. 113253/1/2019 mohammed, under POA No.. 113253/1/2019 amounts in accordance with Clause (3-9) of the Facilities Address: Dubai, Deira. Port Saeed St, Dubai Islamic Bank Building, Ph: 04-5849 Address: Dubai, Deira. Port Saeed St, Dubai Islamic Bank Building, Ph: 04-5849 third: The alimony of the children referred below shall be 207. Fax: 04-8194 294. PO Box 1080. Dubai, with a designated domicile at the 207. Fax: 04-8194 294. PO Box 1080. Dubai, with a designated domicile at the reduced from (8000) eight thousand to (3000) as one Agreement from due date until actual payment. office of trust for advocates & Legal Consultants , being in Sharjah. Al Qasba. office of trust for advocates & Legal Consultants , being in Sharjah. Al Qasba. thousand and five hundred for each child in consistent with Khan Corniche St. Indian Tower Building. 11th floor, office No 1112&1113 - Ph: Khan Corniche St. Indian Tower Building. 11th floor, office No 1112&1113 - Ph: Hence, Axis Banks hereby notifies Mr. Bavaguthu Raghuram 06-550 5677, Fax: 06-785 5057. Mob: 50-223 1224, email: [email protected] 06-550 5677, Fax: 06-785 5057. Mob: 50-223 1224, email: [email protected] the public economic status and the status of the low Proxy of trust for advocates & Legal Consultants Proxy of trust for advocates & Legal Consultants Shetty that an “event of default” has occurred under economic charger. Notified person: satyanarayana suresh babu talluri Notified person: Qaisar ahmed nowsheri fourth: The wage of the custody payable to Defendant shall Facilities Agreement, where such event is still ongoing. Address: United Arab Emirates- Dubai -Bur Dubai. Rolla Street near to G Mart. Al Address: United Arab Emirates- Sharjah-Mleha , Al Ahlya Building block C, be reduced from (1500) one thousand and five hundred to KAF Apartment No203. Tel: 0562975772 Apartment No.311. Tel: 0525091611 Accordingly, Axis Bank hereby requests expedition of (500) UAE Dirhams in in consistent with the public economic As, on 02/05/2017, a finance contract was entered into by the notifier and the As, on 26/07/2017, a finance contract was entered into by the notifier and the payment of the Amount Due. notified person in favour of the notified person for the purpose of auto finance notified person in favour of the notified person for the purpose of auto finance status and the status of the low economic charger. (financing car purchase) (financing car purchase) fifth: The transportation allowance of the children shall be Notifying Party hereby informs you of the enforcement of reduced from (2400) two thousand and four hundred UAE Plate Emirate Automobile Plate Type Plate Emirate Automobile Plate Type the Guarantee, dated 11 August 2014, while claiming Dirhams to (1000) so that five hundred UAE Dirhams shall be 58281/15 ABU DHABI Honda accord Private 70894/3 Sharjah Suzuki / Grand Vitara Private paid for each child in consistent with the public economic immediate payment of the Amount Due. In case Guarantor status and the status of the low economic charger. failed to pay the Amount Due during a term of no more 7 For the amount of aeD 104465 and the finance contract amount, including the For the amount of aeD 74400 and the finance contract amount, including the interests thereof, was to be repaid at monthly instalments amounting to aeD interests thereof, was to be repaid at monthly instalments amounting to aeD sixth: Defendant shall pay fees, charges and attorney's fees. days from the date of this service, Axis Bank shall then take 1980 over 60 months, totaling aeD 118829 1367 over 60 months, totaling aeD 82066 all legal action against Guarantor in the manner that best Whereas the notifier committed to all its contractual liabilities under the auto Whereas the notifier committed to all its contractual liabilities under the auto This case was defined to be considered in the session held finance contract, the notified person failed to live up to its contractual liabilities finance contract, the notified person failed to live up to its contractual liabilities Sunday corresponding 03-01-2021 at 08:30 AM in the serves the rights and interests of Axis Bank. In such case, until it incurred the amount aeD 35669 that remains outstanding to date, in until it incurred the amount aeD 73864 that remains outstanding to date, in addition to the outstanding interests, charges and legal and contractual fees addition to the outstanding interests, charges and legal and contractual fees remote litigation hail (Building — DESC) in the personal Guarantor shall also be liable to pay all expenses, including due after such date. due after such date. status building in Farhood Area, so you or your legal legal charges, court fees, as well as any additional therefore therefore representative shall attend and present your pleas or The notifier notifies the notified person to repay the outstanding amount (aeD The notifier notifies the notified person to repay the outstanding amount (aeD documents to the document at least three days before the compensations and/or expenses. 35669) owed by the latter within seven (7) days from the date of this notice. 73864) owed by the latter within seven (7) days from the date of this notice. Failure to do so, the notifier shall be constrained to initiate the necessary legal Failure to do so, the notifier shall be constrained to initiate the necessary legal session. proceedings against the notified person, including attachment, sale, specific proceedings against the notified person, including attachment, sale, specific performance, enforced perforniance and other types of procedures under the performance, enforced performance and other types of procedures under the law of civil and commercial transactions. law of civil and commercial transactions. Head of Division notary Public ahmed mohammed al Kharzagi [Seal and handwritten signature of Notary Public Without prejudice to the notifier 's other rights Without prejudice to the notifier 's other rights The Notifier: The Notifier: Dubai Courts] //a signature appears// //a signature appears// thursday 31 december 2020 - saturday 02 january 2021 europe/americas 07

EuropEan union aims to promote climate and innovation in exchange for billions of euros of aid money Italy bets on a low-tech plan to green economy, save jobs The government is convinced that paying citizens to make their homes more energy efficient is best way to kick-start recovery in middle of a pandemic The growth in UK’s housing market continued through a second wave of the virus, as sales and viewings were allowed to keep operating even in areas BloomBerg hit by the harshest restrictions n The so-called Italy is betting that a tax scheme “Superbonus 110%” to encourage home renovations will green its economy and offers a tax break UK house price growth create jobs. worth 110% of the On the face of it, this low-tech investment for approach is at odds with the Eu - rises to six-year high ropean Union’s aim of promot - climate friendly or ing climate and innovation in earthquake-resisting BloomBerg exchange for billions of euros of renovations Values of houses in the UK aid money. But the government UK house price growth rises to is convinced that paying citi - a six-year high in December, climbed 7.3% from a year zens to make their homes more n It is set to be extended rounding off a strong 2020 for earlier to an average of energy efficient is also the best to 2022 at the cost of the market that defied a wider $312,800. They increased way to kick-start the recovery in economic downturn. the middle of a pandemic. 6.5bn euros in this Values climbed 7.3% from a 0.8% from a month earlier The so-called “Superbonus year’s budget law, and year earlier to an average of 110%” offers a tax break worth government wants to 230,920 pounds ($312,800), 110% of the investment for cli - use 11% of its EU Nationwide Building Society mand has been buoyed by a raft mate friendly or earthquake-re - said on Wednesday. They in - of policy measures and chang - sisting renovations. It is set to be reconstruction funds to creased 0.8% from a month ing preferences in the wake of extended to 2022 at the cost of The European Union wants to at least double the pace of renovation of homes and improve efficiency of earlier. the pandemic.” 6.5 billion euros in this year’s offices over the coming decade in a bid to save more energy and meet stricter private buildings The housing market has Analysts are divided on the budget law, and the government climate goals under a sweeping green overhaul boomed in 2020 as buyers outlook for 2021. Property wants to use 11% of its EU re - sought new properties after website Rightmove sees asking construction funds — some 22 Italy’s low-tech approach financing projects often discour - the spring lockdown closed prices climbing 4% due to a billion euros — to improve the Buildings are responsible for could even pave the way for age home owners. Green recov - the market and the govern - backlog of demand and rush to efficiency of private buildings, about 40% of the EU’s total other EU countries. The bloc ery funds could speed up the ment temporarily suspended move before the tax reduction according to Italian media. energy consumption, and wants to at least double the pace creation of new funding models a tax on home purchases. The expires at the end of March, Everything from new win - of renovation of homes and of - for these projects, according to growth continued through a while Halifax says prices could dows to photo-voltaic panels to for 36% of energy-related fices over the coming decade in a Valentin Alfaya, sustainability second wave of the virus, as slump as much as 5% next year a new elevator or an upgraded greenhouse gas emissions. bid to save more energy and director at Ferrovial SA. sales and viewings were al - as unemployment rises. gas boiler can be submitted Roughly 75% of existing meet stricter climate goals under “The problem with renova - lowed to keep operating even “Housing market activity is under the program, which was buildings are energy a sweeping green overhaul, but tion in the residential sector is in areas hit by the harshest likely to slow in the coming first launched earlier this year. member states have so far stalled that when you add up the num - restrictions. quarters, perhaps sharply, if the But both the complexity of the inefficient, and only 1% every in adopting specific measures. bers the reduction in energy “The resilience seen in recent labor market weakens as most bureaucracy and of the renova - year undergo renovations Buildings are responsible for consumption doesn’t cover the quarters seemed unlikely at the analysts expect, especially tions involved means that the about 40% of the EU’s total en - cost of the investment,” Alfaya start of the pandemic,” said once the stamp duty holiday first projects are just getting off ergy consumption, and for 36% said. “The trick is to generate a Robert Gardner, Nationwide’s expires at the end of March,” the ground. hefty price tag attached. A study of energy-related greenhouse long-term financial product chief economist. “Housing de - Nationwide’s Gardner said. Banks have also jumped on on the effects of the measure gas emissions. Roughly 75% of that’s tied to the building.” the opportunity, offering ad-hoc commissioned by the govern - existing buildings are energy in - In Italy, the incentive will financing packages tailored to ment and seen by Bloomberg efficient, and only 1% every work “because construction is a the plan and more than nine News estimated that the cost of year undergo renovations. The pillar of the Italian economy and millions of families said they are the Superbonus is about 7 bil - goal is to double the renovation it casts a very wide net in terms Home prices in 20 US cities planning to use the incentive, ac - lion euros each year, adding 9 rate, which would involve up - of people who might choose to cording to a research done by billion euros to Italy’s output in grading 35 million buildings access it,” said Francesco Ma - see biggest rise since 2014 mUp Research and Norstat for return. More than 20,000 jobs over the next 10 years. trone, managing partner at tax Facile.it, an interior designers would be either saved or But renovation rates in Eu - firm SM&A. It can have a great BloomBerg network. created thanks to the scheme, rope have traditionally been low impact, “unless it is stuck by Yet the measure comes with a according to the study. because the challenges around bureaucracy or red tape.” A measure of home prices in 20 US cities rose in October by the most since 2014 as ultra-low mortgage rates and increased buyer appetite for more space England depleted housing inventory. Conte signals end to rampant The S&P CoreLogic Case- Shiller index of property values faces wider climbed 7.95% from the same n The rise in home prices spending on debt risks in Italy month the previous year, data in 20 US cities show lockdown showed. The median forecast in how a lean number of a Bloomberg survey of econo - BloomBerg The PM said while the country is pushing ahead with a $47bn mists called for a 6.95% year- listings and solid budget for 2021, growing deficit is becoming unsustainable over-year advance. Home demand, fuelled by More areas of England are set prices rose 1.6% from the pre - cheap borrowing to be placed under lockdown, BloomBerg vious month, also more than as the new coronavirus strain projected and the most since costs, have given puts growing pressure on Prime Minister Giuseppe Conte April 2013. sellers more leeway to hospitals. warned that Italy is reaching The figures show how a lean raise asking prices People living in London, the limits on how much debt number of listings and solid de - Essex and Kent should behave the government can take on, mand, fuelled by cheap borrow - as if they have Covid-19, Health even as the European Union ing costs, have given sellers n The lack of inventory Secretary Matt Hancock said in opens the door to further more leeway to raise asking and surge in home an interview with LBC radio on borrowing. prices. At the same time, the Wednesday. While Italy is pushing ahead lack of inventory and surge in prices threaten to slow The spread of the new vari - with a 38 billion-euro ($47 bil - home prices threaten to slow housing’s momentum ant means more parts of the lion) budget for next year, the housing’s momentum and price and price some buyers country will be placed under growing deficit is becoming un - some buyers out of the market. out of the market toughest tier 4 lockdown sustainable, Conte said during Reports last week showed restrictions, Hancock said. his year-end press conference Italian Prime Minister Giuseppe Conte speaks during the End of Year press conference at the sales of new houses dropped in His comments come amid in Rome on Wednesday. The Villa Madama in Rome on Wednesday —DPA November to the slowest pace managing director and global growing fears the National Senate gave the final approval in five months, while purchases head of index investment strat - Health Service is at risk of to the spending package while tax break for green home of existing homes declined as egy at S&P Dow Jones Indices, being overwhelmed after the he was speaking. n Italy’s deficit is renovations to 2022. record-low supply constrained said in a statement. UK reported more than 50,000 “We cannot use all the loans expected to near 160% These funds, which will be fi - demand. A gauge of home The S&P CoreLogic Case- new cases, the highest daily fig - that we’re given” by the EU, of GDP at end of 2020 nanced by new debt, are set to be prices nationwide increased Shiller data showed all cities ure since the start of the pan - Conte said on Wednesday during dwarfed by Italy’s share of EU pan - 8.4% from a year earlier, the posted year-over-year home- demic. The number of people his year-end press conference in demic reconstruction funds, most since March 2014. price gains, led by Phoenix, being treated in the hospital for Rome. “There is a limit, we have n The 2021 budget which will start to be disbursed “Although the full history of Seattle and San Diego. Data for coronavirus already exceeds the to be credible and offer a sus - finances measures to from 2021. Italy is entitled to the pandemic’s impact on Detroit were excluded because peak recorded during the first tainable curve for public debt.” help businesses hit by grants for as 81 billion euros and housing prices is yet to be writ - of pandemic-related reporting wave of infections in spring. Italy’s deficit is expected to to loans for up to 127 billion euros. ten, the data from the last sev - delays. A separate report from While the government wants near 160% of GDP at end of this fallout of pandemic The euro area’s third-largest eral months are consistent with the Federal Housing Finance to keep education centers year, according to the latest economy was already strug - the view that Covid has encour - Agency reported that its pur - open, Hancock did not rule out government estimates. pandemic. It also introduces gling before the pandemic, and aged potential buyers to move chase-only price index rises ordering some high school stu - The 2021 budget finances new measures to promote en - the government has already de - from urban apartments to sub - 10.2% in October from a year dents to be kept at home for measures to help businesses hit ergy-efficient investments, in - ployed over 100 billion euros to urban homes,” Craig Lazzara, ago, the most since 2005. longer. by fallout of the coronavirus cluding an extension of a prevent further damage. Brexit border chaos forces truckers to shun UK deliveries A ‘dramatic number’ of freight forwarders declined to take cargo into UK in past fortnight, despite having agreed contracts

BloomBerg cally less busy around Christ - be more logjams after the UK The companies — which mas — when drivers take vaca - leaves the single market and European freight forwarders receive and ship goods on tion and businesses shut — customs union on Thursday. are rejecting contracts to take and the drop was expected to The UK government is still loads into the UK due to fears behalf of other firms — are be more pronounced this year dealing with the Kent turmoil, the chaos at Dover could be concerned they won’t be after businesses stockpiled which was triggered by France repeated post-Brexit. able to return with a spare parts, food and produc - blocking cross-channel traffic Transporeon, a German soft - so-called backload or that tion materials in the third quar - for 48 hours to reduce the ware company that monitors ter. Still, Oliver Kahrs of spread of Covid-19. real-time data on freight traffic they could be stuck in queues Transporeon said these factors In a letter on Tuesday, trade and rates for m ore than 100,000 when trying to leave Britain alone could not explain the group Logistics UK warned the logistics service providers, said decline in demand. dearth of adequate toilet facili - a “dramatic number” of freight “When trucks were stuck not ties or hot food at the Port of forwarders had declined to take return with a so-called backload able to cross the channel, that Dover during the blockade was cargo into the UK in the past or that they could be stuck in was an extraordinary situation a “national embarrassment,” fortnight, despite having al - queues when trying to leave Health worker take samples from drivers parked in Port of Dover in Kent, after French authorities which is not comparable to adding that if the chaos is re - ready agreed contracts. That’s Britain. announced the lift of travel ban with a negative test result in Dover on December 23 —DPA what we had last year,” he said. peated on January 1, “this lack because the companies — The rejection rate for cargo Kahrs attributed the higher re - of concern for driver welfare which receive and ship goods from France to Britain almost and doubled for the Germany- Britain and 71% for Germany- jection rates to the chaos at could impact on the willing - on behalf of other firms — are tripled last week — compared Britain route as demand for Britain. Dover last week and also men - ness of EU hauliers to send concerned they won’t be able to to the third-quarter average — transport fell 68% for France- Freight forwarders are typi - tioned worries that there could their drivers to this country.” thursday 31 december 2020 - saturday 02 january 2021 08 stock markets

The broader market weakness has done little to quell interest in hong Kong’s booming IPO market Dollar slips, US futures Mainland cash chasing HK advance in thin trading BloomBerg n Contracts on S&P Trading across global mar - kets was subdued in one of 500 added 0.3% as stocks after record year the final sessions of the US government year, with the dollar weak - started sending ening and US equity futures $600 stimulus Investors bought a net $86bn of city’s shares, easily the most since both of gaining. Contracts on the S&P 500 checks to Americans Hong Kong’s trading links with onshore exchanges began operating in 2016 added 0.3 percent as the US government started n In Europe, Stoxx 600 BloomBerg sending $600 stimulus checks to Americans. In Eu - Index edged higher In a year disrupted by a global rope, the Stoxx 600 Index in thin trading pandemic, political upheaval edged higher in thin trad - and abrupt setbacks for some of ing. Bitcoin continued its n Bitcoin continued its Hong Kong’s biggest stocks, frenetic rally, with prices investors point to one constant approaching $28,000. frenetic rally, with as to why 2021 looks brighter: With a volatile year com - prices approaching the relentless levels of money ing to a close, risk assets $28,000 coming in. such as stocks, corporate Mainland investors have bonds and Bitcoin are sit - bought a net HK$666 billion ting just off record highs. kets are going to be focused ($86 billion) of the city’s shares, As investors try to assess on a recovery.” easily the most since both of the impact of the pandemic On the coronavirus front, Hong Kong’s trading links with and the pace of vaccine dis - the Covid-19 variant discov - onshore exchanges began oper - tribution, the MSCI World ered in the UK has arrived in ating in 2016. At more than $51 Index of global stocks is set Colorado, and a second clus - billion, the amount of capital to end the year about 14% ter of infections emerged in raised from Hong Kong initial higher, having surged al - Sydney. President-elect Joe public offerings and secondary most 68% since its March Biden criticised vaccine-dis - listings is the most in a decade, low. tribution efforts under Pres - as the city positions itself to be “This is an economy that is ident Trump as too slow. UK the preferred venue for big Chi - Despite Hong Kong’s worst stock underperformance in over two decades, some investors want more exposure to the world’s recovering, policy is going to Prime Minister Boris John - nese firms. The inflows have fourth-largest market next year — whether it’s in technology, property or financial services be accommodative for years son has approved placing been so strong that Hong Kong’s to come, it suggest a good further swathes of the coun - de-facto central bank had to re - Only a third of its components backdrop for risk assets – it try into stricter Tier 4 re - peatedly step in to weaken the n At more than $51 billion, the amount of capital raised have risen in 2020, and earlier doesn’t mean there aren’t strictions, according to the local currency. this week the benchmark hit its going to be some challenges Times . Together, the data explain from Hong Kong initial public offerings and secondary lowest level versus the MSCI All as we progress over the next Futures on the S&P 500 why despite Hong Kong’s worst listings is the most in a decade Country World Index since couple of years,” Brian Index gained 0.3% as of 8:32 stock underperformance in over 1999. Levitt, Invesco global market am London time and the two decades, some investors But the broader market strategist, said on Bloomberg Stoxx Europe 600 Index want more exposure to the n The inflows have been so strong that Hong Kong’s weakness has done little to TV. “The reality is the mar - increased 0.2%. world’s fourth-largest market de-facto central bank had to repeatedly step in to quell interest in Hong Kong’s next year — whether it’s in weaken the local currency booming IPO market, boosted technology, property or finan - by Chinese megacaps like cial services. The confidence JD.com Inc. and NetEase Inc. comes even as China’s antitrust n Hong Kong positions itself to be the preferred venue choosing to have secondary list - scrutiny casts a shadow over for big Chinese companies ings there. The retail euphoria the nation’s most powerful tech remained unfettered even after firms, with regulators investi - Ant’s listing failure left investors gating billionaire Jack Ma’s Ant to Hong Kong-listed stocks over US-China political tensions, am - in shock — with one deal as Group Co. mainland firms due to attractive plified by the sweeping na - much as 422 times oversub - “We believe the Chinese gov - valuations. tional-security legislation scribed. There is expectation ernment is resolved to return A proposal outlined last week imposed by Beijing. That the strength carries into 2021. stability in Hong Kong and by Hang Seng Indexes Co. to in - sparked the biggest stock crash “Given Hong Kong is a mature would continue to support crease the number of members in 12 years and raised concerns market and has no capital con - Hong Kong as its key financial in the city’s stock benchmark over possible capital outflows. trols, it will attract more Chi - hub,” said Sean Taylor, Asia Pa - and fast track new listings could The Hang Seng Index has nese companies to list there,” cific chief investment officer at also help boost daily turnover. dropped 3.7% this year, pared said Hao Hong, managing direc - With a volatile year coming to a close, risk assets such as stocks, corporate DWS Group. He added the firm Hong Kong has this year been following Wednesday’s 2.2% tor and head of research at bonds and Bitcoin are sitting just off record highs is looking to add more exposure caught in the crossfire of fresh advance to a 10-month high. Bocom International.

Daily Financials As of 2020-Dec-30 Generated on 2020-Dec-30 20:26

Capitalization (AED) Securities Total Big Block Regular + Private Regular Board Private Board FUND Board Dual Listing Companies Traded Declined Advanced Unchanged Value (AED) Volume Trades Trades 7.43066E+11 7.14290799641583000002125281932328775E+11 21252819323 33 13 15 5396,399,359. 52 91,349,473 1,518 0

Banks Symbol Face Val (AED) Issued Shares Last Close High 52 Low 52 Value (AED) Volume Trades Change Change % Paid Up Capital (AED) Market Cap. (AED) Abu Dhabi Commercial Bank A00DCB 1.46,0957,379,35 6.06 8.150 3.80820 7,00197,151. 1,100185,246. ()0.010) (0.16 6,24957,379,354.00 42,161,718,885. Abu Dhabi Islamic Bank A00DIB 1.03,0632,000,00 4.075 5.85 3.74190 4,00868,714. 1,910035,068. 0.8504 0. 3,00632,000,000.00 17,252,000,000. Bank of Sharrjjah B00OS 1.02,2100,000,00 0.063 0.83 0.04500 5700,070. 903,603. ()0.006) (0.94 2,00100,000,000.00 1,327,200,000. Commercial Bank International C00BI 1.01,0737,383,05 0.75 0.864 0.61635 1300,944,978. 206,035,305. 0.07056 8. 1,50737,383,050.00 1,303,037,287. Finance House FH1.1 00 3100,049,96 1.090 1.95 1.400 31900,049,961.00 589,094,925. Invest Bank I00NVESTB 1.33,0180,982,14 0.945 0.81 0.430 3,35180,982,143.00 1,431,441,964. First Abu Dhabi Bank F00AB 1.0100,920,000,00 13.18 15.920 7.76780 14001,114,107. 10186,761,794. 0.00000 0. 1000,920,000,000.00 143,925,600,000. National Bank of Fujairah NB00F 1.41,0914,761,88 4.098 4.98 4.980 1,32914,761,884.00 9,535,514,182. National Bank of Umm Al Qaiwain NB00Q 1.51,0848,000,01 1.090 2.18 1.50810 9,00832. 5,1175. ()0.050) (2.56 1,50848,000,015.00 3,511,200,028. Sharrjjah Islamic Bank S00IB 1.03,0081,597,75 1.31 1.350 0.15950 1,00707,186. 1,12289,165. 0.00000 0. 3,50081,597,750.00 4,036,893,052. The National Bank of Ras Al Khaimah R00AKBANK 1.81,0676,245,42 3.090 5.00 3.00330 1900,500. 5,10000. 0.5202 0. 1,20676,245,428.00 6,537,357,169. United Arab Bank UAB1.9 00 2,9062,550,64 0.084 1.13 0.807 2,00062,550,649.00 1,751,105,501. Total 39,420,950,234 16008,918,541.60 34400,407,356. 3951,420,950,234.00 233,362,162,996. Index ADBF Index Open 8,597.91 Index Close 8,599.04 Index Change 4.36 Index Change % 0.05 Traded 8 Declined 3 Advanced 3 Unchanged 2 Sector Capitalization 2.33362E+11 Insurance Symbol Face Val (AED) Issued Shares Last Close High 52 Low 52 Value (AED) Volume Trades Change Change % Paid Up Capital (AED) Market Cap. (AED) United Fidelity Insurance Company (P.DS.C) F00IDELITYUNITE 1.01000,000,00 2.000 2.00 2.000 10000,000,000.00 200,000,000. Union Insurance Company U00NION 1.03300,939,18 0.070 0.70 0.510 33000,939,180.00 231,657,426. National Takaful Company (Watania) W00AATTANIA 1.01500,000,00 1.00 1.080 0.700 15000,000,000.00 150,000,000. Sharrjjah Insurance Company S00ICO 1.01307,500,00 2.011 2.70 2.110 13007,500,000.00 290,125,000. Abu Dhabi National Takaful Co. T00KFL 1.01000,000,00 3.090 6.50 2.40740 1,00478,552. 371109,116. 0.6310 2. 10000,000,000.00 390,000,000. Ras Alkhaima National Insurance Co. R00AKNIC 1.01201,275,00 3.64 3.640 2.640 12001,275,000.00 441,441,000. Insurance House IH1.0 00 1188,780,50 0.880 0.80 0.808 11008,780,500.00 95,974,644. Methaq Takaful Insurance Compnay M00ETHAQ 1.01580,000,00 0.486 0.94 0.01478 31004,044. 3691,000. ()0.028) (3.12 15000,000,000.00 130,200,000. AXA Green Crescent Insurance CompaaCny PJSC AXAXAGCI 1.000 2050,000,00 0.68 0.740 0.323 20000,000,000.00 137,000,000. Al Dhafra Insurance Co. D00HAFRA 1.01000,000,00 3.061 3.61 3.350 10000,000,000.00 361,000,000. Emirates Insurance Co. E00IC 1.01500,000,00 7.010 8.00 6.510 15000,000,000.00 1,065,000,000. Al Wathba National Insurance Co. AAWWNIC 1.000 2007,000,00 9.29 9.400 9.290 20007,000,000.00 1,923,030,000. Al Khazna Insurance Co. A00KIC 1.04280,000,00 0.823 0.23 0.238 42000,000,000.00 99,960,000. Al Ain Alahlia Insurance Co. A00LAIN 100. 150,000,00 370.00 37.00 35.000 15000,000,000.00 555,000,000. Al Buhaira National Insurance CompannCy A00BNI 1.02500,000,00 1.71 1.710 1.710 25000,000,000.00 427,500,000. Abu Dhabi National Insurance CompanCy A00DNI 1.05700,000,00 5.010 5.17 2.70700 29008,578. 6030,000. 0.0000 0. 57000,000,000.00 2,907,000,000. Al Fuujjairah National Insurance CompanCy A00FNI 1000. 1,0210,00 2407.90 272.70 240.000 12001,000,000.00 299,959,000. Total 3,121,704,680 2,00091,175.11 80230,116. 3,00376,494,680.00 9,704,847,070. Index ADII Index Open 2,123.16 Index Close 2,162.35 Index Change (0.90) Index Change % (0.04) Traded 3 Declined 1 Advanced 1 Unchanged 1 Sector Capitalization 9704847070 Consumer Staples Symbol Face Val (AED) Issued Shares Last Close High 52 Low 52 Value (AED) Volume Trades Change Change % Paid Up Capital (AED) Market Cap. (AED) AGTHIA Group A00GTHIA 1.06000,000,00 4.018 4.60 2.99500 1100,687,495. 2,320796,451. 0.4606 1. 60000,000,000.00 2,508,000,000. FOODCO Holding Company F00OODCO 1.01200,000,00 2.099 3.36 2.750 12000,000,000.00 358,800,000. Ras Al Khaimah Poultry & Feeding Co.o.OR00APC 1.0860,400,00 1.45 1.600 1.290 8600,400,000.00 125,280,000. Total 806,400,000 1100,687,495.99 2,32796,451. 80006,400,000.00 2,992,080,000. Index ADCM Index Open 8,605.41 Index Close 8,693.84 Index Change 106.12 Index Change % 1.24 Traded 1 Declined 0 Advanced 1 Unchanged 0 Sector Capitalization 2992080000 Services Symbol Face Val (AED) Issued Shares Last Close High 52 Low 52 Value (AED) Volume Trades Change Change % Paid Up Capital (AED) Market Cap. (AED) National Corporation for Tourism & HoHoHtels NCT 1.000 7805,862,00 1.081 1.90 1.350 78005,862,000.00 1,422,410,220. National Marine Dredging Co. NM00DC 1.02500,000,00 5.71 6.500 2.00900 60008,550. 1045,000. ()0.300) (4.99 25000,000,000.00 1,427,500,000. Gulf Medical Projects Company G00MPC 1.46908,916,09 2.040 2.62 1.330 69608,916,094.00 1,677,398,625. Emirates Driving Company D00RIVE 1.0890,786,40 130.34 15.74 7.960 8900,786,400.00 1,197,750,576. Abu Dhabi Aviation Co. A00DAVIAATTION 1.04404,787,20 3.62 3.650 2.00520 7,00964,000. 2,2200,000. 0.28010 0. 44004,787,200.00 1,610,129,664. Abu Dhabi National Hotels Co. A00DNH 1.01,0000,000,00 2.080 3.55 2.330 1,00000,000,000.00 2,800,000,000. Total 3,269,351,694 8,00572,550.00 2,6305,000. 3,60269,351,694.00 10,135,189,085. Index ADID Index Open 2,859.53 Index Close 2,839.10 Index Change (18.90) Index Change % (0.66) Traded 2 Declined 1 Advanced 1 Unchanged 0 Sector Capitalization 10135189086 Real Estate Symbol Face Val (AED) Issued Shares Last Close High 52 Low 52 Value (AED) Volume Trades Change Change % Paid Up Capital (AED) Market Cap. (AED) Al Dar Properties A00LDAR 1.37,0862,629,60 3.020 3.26 1.85350 6800,477,262. 212040,451,062. 0.0000 0. 7,60862,629,603.00 25,160,414,729. RAK Properties R00AKPROP 1.02,0000,000,00 0.48 0.483 0.50327 5,00465,833. 11118,401,938. 0.91009 1. 2,00000,000,000.00 960,000,000. Sharrjjah Group SG1.6 00 780,901,08 0.085 0.85 0.770 7810,901,086.00 67,065,923. Total 9,941,530,689 7300,943,096.35 32322,853,000. 9,70941,530,689.00 26,187,480,652. Index ADRE Index Open 4,833.67 Index Close 4,835.65 Index Change 4.46 Index Change % 0.09 Traded 2 Declined 0 Advanced 1 Unchanged 1 Sector Capitalization 26187480653