Jimmy Grewal with his private Apple collection, which documents the company's first 30 years, in Dubai. All photos: Antonie Robertson / The National
Jimmy Grewal with his private Apple collection, which documents the company's first 30 years, in Dubai. All photos: Antonie Robertson / The National
Mr Grewal demonstrates an Apple Computer 1, one of two that he owns.
Mr Grewal demonstrates an Apple Computer 1, one of two that he owns.
He restored the Apple-1 to working condition with the help of his team at Elcome International in Dubai.
He restored the Apple-1 to working condition with the help of his team at Elcome International in Dubai.
The Apple-1 that will be put up for auction has been professionally appraised for about $485,000.
The Apple-1 that will be put up for auction has been professionally appraised for about $485,000.
Mr Grewal plans to use the proceeds from the auction to 'create more opportunities' for the public to interact with his collection.
Mr Grewal plans to use the proceeds from the auction to 'create more opportunities' for the public to interact with his collection.
His Apple-1 features an autograph from its legendary creator Steve Wozniak, who during a visit to Dubai last November promptly recognised his own creation and signed it.
His Apple-1 features an autograph from its legendary creator Steve Wozniak, who during a visit to Dubai last November promptly recognised his own creation and signed it.
The Apple-1 was the first product announced by the company in 1976. Hand-built by Steve Jobs, Steve Wozniak and Ron Wayne, only 200 of these machines were made, with each sold for $666.66.
The Apple-1 was the first product announced by the company in 1976. Hand-built by Steve Jobs, Steve Wozniak and Ron Wayne, only 200 of these machines were made, with each sold for $666.66.

Business

Technology

Rare Apple 1 computer from Dubai collector sells for $340,100

Jimmy Grewal still has another of the vintage computers from 1976

Ian Oxborrow
Ian Oxborrow

June 13, 2022

  • English
  • Arabic

A rare Apple Computer 1 owned by a Dubai collector and signed by Apple co-founder Steve Wozniak has sold at auction for $340,100 (Dh1.25 million).

The computer was auctioned off on eBay by owner Jimmy Grewal, whose AAPL Collection documents the first 30 years of Apple's existence from 1976 and is widely considered the rarest selection of Apple products in the Middle East.

He told The National that “anything above $300,000 was a win”, and was confident of selling it for more than that, having not set a reserve price.

The computer, which still works, was valued at $485,000 before the start of the auction. It is one of only 200 that were made.

The new owner is an experienced vintage computer collector and Apple aficionado in the US.

The auction listing attracted more than 130,000 visitors and was actively “watched” by more than 6,500 eBay members. A total of 28 qualified bidders participated in the auction and submitted 113 bids.

Mr Grewal plans to use the proceeds to “further our plans to create more opportunities for the public in the UAE to interact with our extensive collection of vintage Apple products dating back to 1976".

He has another Apple 1 computer, which he said he will keep, but needed to sell one of them in order to invest in and expand his collection, and, hopefully, open a museum one day.

A pop-up shop is his main focus now, although he says it is early days and would need to organise some help moving the equipment. He currently has no plans to sell any more of his collection.

Although the selling price of his Apple 1 is below what it was valued at, it is some mark-up on the $666.66 it was sold for when first made in 1976 by Steve Jobs and Mr Wozniak.

The record sale for an Apple 1 computer is $905,000 at Bonhams in 2014. It was described as being “in beautiful working condition”.

Jimmy Grewal sits in front of the incredibly rare Apple I, the first personal computer sold by Apple in 1976. Cody Combs / The National
Jimmy Grewal sits in front of the incredibly rare Apple I, the first personal computer sold by Apple in 1976. Cody Combs / The National
Apple's first attempt at a laptop, the Macintosh Portable, from 1989. It weighed 7 kilograms, but its battery lasted from 6 to 12 hours. Cody Combs / The National
Apple's first attempt at a laptop, the Macintosh Portable, from 1989. It weighed 7 kilograms, but its battery lasted from 6 to 12 hours. Cody Combs / The National
Left to right: Apple I, Apple II, Apple Lisa, Macintosh 512k. Cody Combs / The National
Left to right: Apple I, Apple II, Apple Lisa, Macintosh 512k. Cody Combs / The National
A closeup of one of the first Macintosh models. Cody Combs / The National
A closeup of one of the first Macintosh models. Cody Combs / The National
This Apple II (serial #92) has no vents on the casing, making it very rare, unlike the Apple II on the left. Grewal says only approximately a dozen of these ventless Apple IIs remain in existence. Cody Combs / The National
This Apple II (serial #92) has no vents on the casing, making it very rare, unlike the Apple II on the left. Grewal says only approximately a dozen of these ventless Apple IIs remain in existence. Cody Combs / The National
This Apple II was purchased by the American School of Dubai in 1978. Cody Combs / The National
This Apple II was purchased by the American School of Dubai in 1978. Cody Combs / The National
This sticker, complete with typo, shows just how old this Apple II is. Cody Combs / The National
This sticker, complete with typo, shows just how old this Apple II is. Cody Combs / The National
The original 128k Macintosh sits on the top left of this portion of Grewal's Apple Collection. Also pictured just below is the 20th Anniversary Macintosh. Cody Combs / The National
The original 128k Macintosh sits on the top left of this portion of Grewal's Apple Collection. Also pictured just below is the 20th Anniversary Macintosh. Cody Combs / The National
Grewal's collection is still growing, prompting him to move computers to different locatins to make room. Cody Combs / The National
Grewal's collection is still growing, prompting him to move computers to different locatins to make room. Cody Combs / The National
Some of Apple's first attempts at "tower" Macintosh computers, like the Macintohs Quadra, are also in Grewal's collection. Cody Combs / The National
Some of Apple's first attempts at "tower" Macintosh computers, like the Macintohs Quadra, are also in Grewal's collection. Cody Combs / The National
No detail was too small for Grewal in presenting his the Apple products. These cabinets were colour matched to correspond with the original rainbow Apple logo. Cody Combs / The National
No detail was too small for Grewal in presenting his the Apple products. These cabinets were colour matched to correspond with the original rainbow Apple logo. Cody Combs / The National
Grewal's collection of Apple laptops, ranging from the Apple Duo to the Apple PowerBooks continues to grow. Cody Combs / The National
Grewal's collection of Apple laptops, ranging from the Apple Duo to the Apple PowerBooks continues to grow. Cody Combs / The National
This unusually large Apple product is a rare Apple Network Server. These ran a Unix-based operating system. Cody Combs / The National
This unusually large Apple product is a rare Apple Network Server. These ran a Unix-based operating system. Cody Combs / The National
The first Apple LaserWriter, manufactured in 1985, is one of several Apple printers in Grewal's collection. Cody Combs / The National
The first Apple LaserWriter, manufactured in 1985, is one of several Apple printers in Grewal's collection. Cody Combs / The National
This Apple Scribe printer utilized special thermal paper. The quality was poor and the printing was slow, but the thermal paper was an innovative idea at the time. Cody Combs / The National
This Apple Scribe printer utilized special thermal paper. The quality was poor and the printing was slow, but the thermal paper was an innovative idea at the time. Cody Combs / The National
Also in Grewal's collection is an Apple Interactive Television Box from 1994. It was never released. Cody Combs / The National
Also in Grewal's collection is an Apple Interactive Television Box from 1994. It was never released. Cody Combs / The National
It's not technically an Apple product, but this NeXT Cube was the computer created by Steve Jobs' company, "Next", after he was fired from Apple in 1985. It's shaped almost perfectly like a cube, was very powerful, but sold poorly. Cody Combs / The National
It's not technically an Apple product, but this NeXT Cube was the computer created by Steve Jobs' company, "Next", after he was fired from Apple in 1985. It's shaped almost perfectly like a cube, was very powerful, but sold poorly. Cody Combs / The National
In Grewal's other office, Apple product cases are used to prop up a coffee table, and various Apple artefacts and photos are displayed on the wall. Cody Combs / The National
In Grewal's other office, Apple product cases are used to prop up a coffee table, and various Apple artefacts and photos are displayed on the wall. Cody Combs / The National
This is a rarely used early rendition of the Apple logo. It's signed by Apple co-founder Steve Wozniak, and the often forgotten co-founder Ron Wayne. Cody Combs / The National
This is a rarely used early rendition of the Apple logo. It's signed by Apple co-founder Steve Wozniak, and the often forgotten co-founder Ron Wayne. Cody Combs / The National
Inside this original Macintosh 128k, you can see the molded signatures from the original Macintosh team, including the signature of Steve Jobs. Cody Combs / The National
Inside this original Macintosh 128k, you can see the molded signatures from the original Macintosh team, including the signature of Steve Jobs. Cody Combs / The National
An Apple Dot Matrix Printer, first introduced in 1982. Cody Combs / The National
An Apple Dot Matrix Printer, first introduced in 1982. Cody Combs / The National
This rare Apple I was the first product shipped by Apple in 1976. This particular Apple I in Grewal's Dubai collection still works. Cody Combs / The National
This rare Apple I was the first product shipped by Apple in 1976. This particular Apple I in Grewal's Dubai collection still works. Cody Combs / The National
This is an original Apple Lisa in Grewal's Dubai collection. It was the first Apple computer to have a graphical user interface. Grewal says approximately 20 of the original Lisa computers remain in the world. Cody Combs / The National
This is an original Apple Lisa in Grewal's Dubai collection. It was the first Apple computer to have a graphical user interface. Grewal says approximately 20 of the original Lisa computers remain in the world. Cody Combs / The National

Mr Grewal's collection includes the complete line of the Apple II and Macintosh families, early hand-held devices, printers and displays, and the original iPod, iPhone and iPad.

“Our mission is to preserve this story by collecting, restoring and displaying nearly 200 computers and hundreds of accessories and artefacts from Apple’s first 30 years,” he said.

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“The fact that our collection is based in Dubai and is recognised globally should come as no surprise, given the UAE’s passion for technology and its broad adoption across all sectors of business and society.

“The UAE has one of the highest per-capita ownership of Apple products and is the regional hub for the company’s Asian operations.”

Anyone with grand ideas of holding on to their current iPhone or iPad will need to remember that the devices are one of millions that have been manufactured.

Mr Grewal said there was only a handful of Apple products that are now worth more than when they were first released — and those tend to be the ones that were sold in limited numbers.

Of the more recent products, he said the first iPhone and iPod are worth more than when they were first launched.

________________________

Apple iPhone through the years

The iPhone through the ages: Former Apple CEO Steve Jobs introduces the iPhone to the world in San Francisco, California, on January 9, 2007. It had a 3.5-inch screen and 2MP camera. Reuters
The iPhone through the ages: Former Apple CEO Steve Jobs introduces the iPhone to the world in San Francisco, California, on January 9, 2007. It had a 3.5-inch screen and 2MP camera. Reuters
The iPhone 3G was launched in 2008 with a faster 3G connection. It also added location services. Reuters
The iPhone 3G was launched in 2008 with a faster 3G connection. It also added location services. Reuters
The iPhone 3GS was released on June 19, 2009. It was twice as fast as its previous version. AFP
The iPhone 3GS was released on June 19, 2009. It was twice as fast as its previous version. AFP
The iPhone 4 was released on June 24, 2010. It featured FaceTime for the first occasion as well as a retina screen. Reuters
The iPhone 4 was released on June 24, 2010. It featured FaceTime for the first occasion as well as a retina screen. Reuters
A later release, this time on October 14, 2011, the iPhone 4S had a new dual-core processor. Reuters
A later release, this time on October 14, 2011, the iPhone 4S had a new dual-core processor. Reuters
Apple CEO Tim Cook takes to the stage following the reveal of the iPhone 5 in San Francisco, California, on September 12, 2012. This was the first 4-inch screen and the phone was faster and slimmer. Reuters
Apple CEO Tim Cook takes to the stage following the reveal of the iPhone 5 in San Francisco, California, on September 12, 2012. This was the first 4-inch screen and the phone was faster and slimmer. Reuters
The iPhone 5C arrived on September 20, 2013 and was less expensive and very similar to the iPhone 5 except it came with colourful casing. Getty Images
The iPhone 5C arrived on September 20, 2013 and was less expensive and very similar to the iPhone 5 except it came with colourful casing. Getty Images
The iPhone 5s came at the same time as the 5C and introduced touch ID and a motion data processor as health and fitness apps started to come to the fore. Getty Images
The iPhone 5s came at the same time as the 5C and introduced touch ID and a motion data processor as health and fitness apps started to come to the fore. Getty Images
The iPhone 6 marked another double launch when unveiled on September 9, 2014. The 6 had a 4.7-inch screen, faster processor and improved camera. AFP
The iPhone 6 marked another double launch when unveiled on September 9, 2014. The 6 had a 4.7-inch screen, faster processor and improved camera. AFP
The iPhone 6 Plus had a 5.5-inch screen and was $100 more expensive. Reuters
The iPhone 6 Plus had a 5.5-inch screen and was $100 more expensive. Reuters
The iPhone 6s came on September 25, 2015 with 3D touch and a camera that could shoot 4K video. EPA
The iPhone 6s came on September 25, 2015 with 3D touch and a camera that could shoot 4K video. EPA
The iPhone 6s Plus is displayed at Tokyo's flagship store on September 25, 2015. Both new phones came in a new colour - rose gold. AFP
The iPhone 6s Plus is displayed at Tokyo's flagship store on September 25, 2015. Both new phones came in a new colour - rose gold. AFP
Unveiled on March 21, 2016, the iPhone SE had the same design as the iPhone 5 and saw a return to the 4-inch screen which was preferred by some users. It was more affordable and hence lacked features such as Touch ID. AFP
Unveiled on March 21, 2016, the iPhone SE had the same design as the iPhone 5 and saw a return to the 4-inch screen which was preferred by some users. It was more affordable and hence lacked features such as Touch ID. AFP
The iPhone 7 announced on September 7, 2016, said somewhat controversially goodbye to the audio jack. Reuters
The iPhone 7 announced on September 7, 2016, said somewhat controversially goodbye to the audio jack. Reuters
The iPhone 7 Plus had a dual camera added. AFP
The iPhone 7 Plus had a dual camera added. AFP
The iPhone 8 was released on September 22, 2017 and had a new glass and aluminium design, retina HD screen. Reuters
The iPhone 8 was released on September 22, 2017 and had a new glass and aluminium design, retina HD screen. Reuters
A customer gets his hands on an iPhone 8 Plus on launch day in Tokyo on September 22, 2017. The launches also saw speakers that were 25% louder and the most powerful and smartest chip in a smartphone (according to Apple). AFP
A customer gets his hands on an iPhone 8 Plus on launch day in Tokyo on September 22, 2017. The launches also saw speakers that were 25% louder and the most powerful and smartest chip in a smartphone (according to Apple). AFP
The iPhone X marked a decade of iPhones on September 12, 2017. It's main changes were an edge-to-edge super retina screen. Touch ID was removed with Face ID introduced. Reuters
The iPhone X marked a decade of iPhones on September 12, 2017. It's main changes were an edge-to-edge super retina screen. Touch ID was removed with Face ID introduced. Reuters
The iPhone XS was released on September 21, 2018 and had a Super Retina OLED screen with improved scratch and water resistance. Face ID was faster. Reuters
The iPhone XS was released on September 21, 2018 and had a Super Retina OLED screen with improved scratch and water resistance. Face ID was faster. Reuters
The iPhone XS Max had the largest iPhone screen to date at 6.5 inches. It could handle 3 million pixels. Reuters
The iPhone XS Max had the largest iPhone screen to date at 6.5 inches. It could handle 3 million pixels. Reuters
The iPhone XR was slightly cheaper than the XS and came with a 6.1-inch screen. AFP
The iPhone XR was slightly cheaper than the XS and came with a 6.1-inch screen. AFP
A customer looks at the iPhone 11 at an Apple store in Dubai Mall on September 20, 2019. EPA
A customer looks at the iPhone 11 at an Apple store in Dubai Mall on September 20, 2019. EPA
A man tries out the iPhone 11 Pro in Cupertino, California, on September 10, 2019. AFP
A man tries out the iPhone 11 Pro in Cupertino, California, on September 10, 2019. AFP
Midnight Green was introduced for the iPhone 11 Pro Max, while there was also a new three-camera system. Reuters
Midnight Green was introduced for the iPhone 11 Pro Max, while there was also a new three-camera system. Reuters
Arriving on April 15, 2020, the iPhone SE was for budget-minded customers and was pretty much a replica of the iPhone 8. Its 4.7-inch screen felt rather on the small side compared to the big screens of its big brothers. Apple Inc. / AFP
Arriving on April 15, 2020, the iPhone SE was for budget-minded customers and was pretty much a replica of the iPhone 8. Its 4.7-inch screen felt rather on the small side compared to the big screens of its big brothers. Apple Inc. / AFP
The iPhone 12 on October 13, 2020 introduced a new processor and a screen that offered four times better protection if dropped. Apple / AFP
The iPhone 12 on October 13, 2020 introduced a new processor and a screen that offered four times better protection if dropped. Apple / AFP
The iPhone 12 mini offered a 5.4-inch screen. Getty Images
The iPhone 12 mini offered a 5.4-inch screen. Getty Images
Mr Cook showcases the iPhone 12 Pro during an event at Apple Park in Cupertino, California, on October 13, 2020. This upgrade saw a faster chip, 5G speed, a "camera system that’s killer in low light. A LiDAR Scanner for more realistic AR. And two great sizes to choose from — including our largest display ever". Apple / EPA
Mr Cook showcases the iPhone 12 Pro during an event at Apple Park in Cupertino, California, on October 13, 2020. This upgrade saw a faster chip, 5G speed, a "camera system that’s killer in low light. A LiDAR Scanner for more realistic AR. And two great sizes to choose from — including our largest display ever". Apple / EPA
The iPhone 12 Pro Max was categorised as a 'legacy phone'. Reuters
The iPhone 12 Pro Max was categorised as a 'legacy phone'. Reuters
The new iPhone 13 was unveiled on September 14, 2021. It has a smart data mode which helps battery life, more 5G bands and antenna lines that use material made from recycled plastic water bottles. AFP
The new iPhone 13 was unveiled on September 14, 2021. It has a smart data mode which helps battery life, more 5G bands and antenna lines that use material made from recycled plastic water bottles. AFP
Apple CEO Tim Cook showcasing the third generation iPhone SE featuring 5G and the A15 Bionic chip on March 8, 2022. EPA
Apple CEO Tim Cook showcasing the third generation iPhone SE featuring 5G and the A15 Bionic chip on March 8, 2022. EPA
The Apple iPhone 14, 14 Plus, Pro Max and the Apple iPhone 14 Pro were unveiled during an event on September 7, 2022. It didn’t raise its US prices during one of the worst years for inflation in decades. The biggest addition was emergency calling after a car crash. Bloomberg
The Apple iPhone 14, 14 Plus, Pro Max and the Apple iPhone 14 Pro were unveiled during an event on September 7, 2022. It didn’t raise its US prices during one of the worst years for inflation in decades. The biggest addition was emergency calling after a car crash. Bloomberg
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  • DLD registration fee can be paid through banks or credit cards at zero interest rates
COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

Mission%3A%20Impossible%20-%20Dead%20Reckoning%20Part%20One
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Christopher%20McQuarrie%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Tom%20Cruise%2C%20Hayley%20Atwell%2C%20Pom%20Klementieff%2C%20Simon%20Pegg%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

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UPI facts

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

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What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
%3Cp%3EBy%202030%2C%20Abu%20Dhabi%20aims%20to%20achieve%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%2039.3%20million%20visitors%2C%3C%2Fstrong%3E%20nearly%2064%25%20up%20from%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%20Dh90%20billion%20contribution%20to%20GDP%2C%3C%2Fstrong%3E%20about%2084%25%20more%20than%20Dh49%20billion%20in%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%20178%2C000%20new%20jobs%2C%3C%2Fstrong%3E%20bringing%20the%20total%20to%20about%20366%2C000%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%2052%2C000%20hotel%20rooms%2C%3C%2Fstrong%3E%20up%2053%25%20from%2034%2C000%20in%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%207.2%20million%20international%20visitors%2C%3C%2Fstrong%3E%20almost%2090%25%20higher%20compared%20to%202023's%203.8%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%203.9%20international%20overnight%20hotel%20stays%2C%3C%2Fstrong%3E%2022%25%20more%20from%203.2%20nights%20in%202023%3C%2Fp%3E%0A
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Saturday
Fiorentina v Torino (8pm)
Hellas Verona v Roma (10.45pm)

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Genoa v Crotone (5pm)
Sassuolo v Cagliari (8pm)
Juventus v Sampdoria (10.45pm)

Monday
AC Milan v Bologna (10.45om)

Playing September 30

Benevento v Inter Milan (8pm)
Udinese v Spezia (8pm)
Lazio v Atalanta (10.45pm)

Killing of Qassem Suleimani
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Price, base: Dh1,731,672

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Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

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Fuel economy: 19.6L / 100km

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THE%C2%A0SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.4-litre%20four-cylinder%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20210hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starting%20from%20Dh89%2C900%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A
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Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

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

Price, base / as tested Dh1,470,000 (est)
Engine 6.9-litre twin-turbo W12
Gearbox eight-speed automatic
Power 626bhp @ 6,000rpm
Torque: 900Nm @ 1,350rpm
Fuel economy, combined 14.0L / 100km

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How to join and use Abu Dhabi’s public libraries

• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.

• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.

• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.

• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.

• For more information visit the library network's website.

We Weren’t Supposed to Survive But We Did

We weren’t supposed to survive but we did.      
We weren’t supposed to remember but we did.              
We weren’t supposed to write but we did.  
We weren’t supposed to fight but we did.              
We weren’t supposed to organise but we did.
We weren’t supposed to rap but we did.        
We weren’t supposed to find allies but we did.
We weren’t supposed to grow communities but we did.        
We weren’t supposed to return but WE ARE.
Amira Sakalla

Whiile you're here
How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

Updated: June 14, 2022, 11:22 AM`
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