In this picture taken on February 23, 2023, shoppers buy fresh produce at the Sidi Moussa market in Morocco's Atlantic coastal city of Sale, north of the capital. - Shoppers inspect vegetables at a huge market in Sale, near the Moroccan capital Rabat, but exploding prices mean they are keeping their eye on what they spend even on the basics, as inflation adds extra pressure just ahead of Ramadan, the Islamic fasting month when night-time feasting means consumption tends to increase. (Photo by FADEL SENNA / AFP)
In this picture taken on February 23, 2023, shoppers buy fresh produce at the Sidi Moussa market in Morocco's Atlantic coastal city of Sale, north of the capital. - Shoppers inspect vegetables at a huge market in Sale, near the Moroccan capital Rabat, but exploding prices mean they are keeping their eye on what they spend even on the basics, as inflation adds extra pressure just ahead of Ramadan, the Islamic fasting month when night-time feasting means consumption tends to increase. (Photo by FADEL SENNA / AFP)
Sharply higher prices mean shoppers are watching what they spend even on the basics, as inflation adds extra pressure before Ramadan
Sharply higher prices mean shoppers are watching what they spend even on the basics, as inflation adds extra pressure before Ramadan
Dozens of handcarts and boxes of produce line the market street amid the sound of heated negotiations between struggling shoppers and squeezed merchants
Dozens of handcarts and boxes of produce line the market street amid the sound of heated negotiations between struggling shoppers and squeezed merchants
Inflation hit 8.3 per cent in late 2022, mainly due to global supply chain disruptions exacerbated by Russia's invasion of Ukraine and its impact on fuel and transportation costs
Inflation hit 8.3 per cent in late 2022, mainly due to global supply chain disruptions exacerbated by Russia's invasion of Ukraine and its impact on fuel and transportation costs
Abdessalam El Mahdaoui, 63, said prices were out of control and that people's buying power has been cut by half
Abdessalam El Mahdaoui, 63, said prices were out of control and that people's buying power has been cut by half
One stallholder said prices were fluctuating by the day
One stallholder said prices were fluctuating by the day
But overall, prices are surging upwards, accompanied by bitter criticism from the opposition, trade unions and even some media outlets
But overall, prices are surging upwards, accompanied by bitter criticism from the opposition, trade unions and even some media outlets
The situation has been made worse by a crisis facing the agricultural sector. The worst drought in four decades has been compounded in recent weeks by a snap of unusually cold weather
The situation has been made worse by a crisis facing the agricultural sector. The worst drought in four decades has been compounded in recent weeks by a snap of unusually cold weather
The government has boosted subsidies on some basic products such as sugar, flour and cooking gas
The government has boosted subsidies on some basic products such as sugar, flour and cooking gas
Mohammed Hamali (not pictured), a 53-year-old stallholder, showed AFP six crates of avocados he said he was struggling to sell
Mohammed Hamali (not pictured), a 53-year-old stallholder, showed AFP six crates of avocados he said he was struggling to sell
Shoppers inspect vegetables at the huge market in Sale
Shoppers inspect vegetables at the huge market in Sale

MENA

Moroccans cope with inflation before Ramadan - in pictures

Drought and cold weather has affected the agricultural sector

The National

March 02, 2023

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Christopher Robin
Starring: Ewan McGregor, Haley Atwell, Jim Cummings, Peter Capaldi
Three stars

On Women's Day
Did you know?

Brunch has been around, is some form or another, for more than a century. The word was first mentioned in print in an 1895 edition of Hunter’s Weekly, after making the rounds among university students in Britain. The article, entitled Brunch: A Plea, argued the case for a later, more sociable weekend meal. “By eliminating the need to get up early on Sunday, brunch would make life brighter for Saturday night carousers. It would promote human happiness in other ways as well,” the piece read. “It is talk-compelling. It puts you in a good temper, it makes you satisfied with yourself and your fellow beings, it sweeps away the worries and cobwebs of the week.” More than 100 years later, author Guy Beringer’s words still ring true, especially in the UAE, where brunches are often used to mark special, sociable occasions.

Drivers’ championship standings after Singapore:

1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea
Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

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
On Women's Day
BRAZIL SQUAD

Alisson (Liverpool), Daniel Fuzato (Roma), Ederson (Man City); Alex Sandro (Juventus), Danilo (Juventus), Eder Militao (Real Madrid), Emerson (Real Betis), Felipe (Atletico Madrid), Marquinhos (PSG), Renan Lodi (Atletico Madrid), Thiago Silva (PSG); Arthur (Barcelona), Casemiro (Real Madrid), Douglas Luiz (Aston Villa), Fabinho (Liverpool), Lucas Paqueta (AC Milan), Philippe Coutinho (Bayern Munich); David Neres (Ajax), Gabriel Jesus (Man City), Richarlison (Everton), Roberto Firmino (Liverpool), Rodrygo (Real Madrid), Willian (Chelsea).

Zakat definitions

Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.

Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.

Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.

Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.

MATCH INFO

Uefa Champions League semi-final, first leg

Barcelona v Liverpool, Wednesday, 11pm (UAE).

Second leg

Liverpool v Barcelona, Tuesday, May 7, 11pm

Games on BeIN Sports

Killing of Qassem Suleimani
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UAE currency: the story behind the money in your pockets
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Profile of Foodics

Founders: Ahmad AlZaini and Mosab AlOthmani

Based: Riyadh

Sector: Software

Employees: 150

Amount raised: $8m through seed and Series A - Series B raise ongoing

Funders: Raed Advanced Investment Co, Al-Riyadh Al Walid Investment Co, 500 Falcons, SWM Investment, AlShoaibah SPV, Faith Capital, Technology Investments Co, Savour Holding, Future Resources, Derayah Custody Co.

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Updated: March 02, 2023, 6:30 AM`
Morocco