A police car burns as officers are deployed on the streets of Hartlepool, north-east England, during a violent protest. PA
A police car burns as officers are deployed on the streets of Hartlepool, north-east England, during a violent protest. PA
A police car burns as officers are deployed on the streets of Hartlepool, north-east England, during a violent protest. PA
A police car burns as officers are deployed on the streets of Hartlepool, north-east England, during a violent protest. PA

Disinformation to destabilisation: Summer of UK riots feared


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Police across Britain are braced for an outbreak of violence, triggered by the killings of three children at a summer club, but flamed by disinformation and an organised campaign by far-right agitators.

Protests have been planned in at least a dozen UK towns and cities this weekend, while intelligence sources have told The National they expect a summer of riots to break out, raising memories of 2011 when London was gripped by looting and arson attacks.

Experts have pointed at “inauthentic behaviour” online – co-ordinated attempts to spread misinformation and disinformation as widely as possible, which in turn can lead to agitation then violence.

Misinformation can be defined as incorrect or misleading information, though not necessarily with malicious intent. Disinformation is seen as incorrect information that it deliberately deceptive.

At least 15 “Enough is Enough” rallies have been advertised online over the next few days, calling on “patriots” to gather with England flags and demand an end to asylum seekers and migration. A number of the adverts included the phrases “save our kids” or “stop the boats”.

Hundreds of mosques are strengthening their security and putting in place protective measures, while Home Office minister Lord Hanson told would-be rioters to “be prepared to face the full force of the law on this criminal activity”.

Prime Minister Keir Starmer faces calls to combat the online forces that harness social unrest and act as a catalyst for violence.

Protesters attending the 'Enough is Enough' protest in Whitehall, central London. PA
Protesters attending the 'Enough is Enough' protest in Whitehall, central London. PA

How real-life tragedy became by fake news

The protests capitalised on fake news accounts this week that claimed that a Muslim asylum seeker was responsible for the knife attack on children in the northern town of Southport on Monday.

The claims were spread by Russian state-owned media and some of the UK's influential far-right figures, among others.

As the Southport community gathered for a vigil in memory of the three young girls who were killed in the attack, a far-right mob travelled to the town and set fire to a local mosque on Tuesday, leaving those trapped inside fearing they would burn down the building.

Local courts lifted an anonymity order on the suspect the next day.

Axel Radukabanu, a 17-year-old British boy of Rwandan heritage, was charged with murdering the three girls and also charged with 10 counts of attempted murder, after eight other children and two adults were seriously injured in the attack on Monday.

But the unrest continued. One hundred arrests were made as a mob descended on Westminster throwing bricks and taunting police; a police car was set on fire in Hartlepool; objects were thrown at police outside a hotel housing asylum seekers in Manchester and riots broke out in Aldershot in some of the far-right gatherings across UK cities.

Police in Nottinghamshire, Thames Valley, and South Yorkshire have issued statements saying they are aware of potential protests and in many instances have an increased high-visibility presence.

In Northern Ireland, the PSNI said it is aware of calls “to block roads using women and children” and for a march to an Islamic centre.

UK Prime Minister Keir Starmer held a crisis meeting with police chiefs over violent unrest, after three girls were killed in Southport. Getty
UK Prime Minister Keir Starmer held a crisis meeting with police chiefs over violent unrest, after three girls were killed in Southport. Getty

Mr Starmer announced new measures to crack down on any potential violence as fears of a descent into rioting takes hold across the country.

These include more intelligence sharing between police forces, the use of facial recognition technology, and restricting the movements of known agitators – a tactic currently applied to British football hooligans.

But he also faces calls to put more pressure on technology companies, after it emerged that fake news about the killer was harnessed by foreign states and online influencers to cause the ensuing chaos.

Former prison governor Prof Ian Acheson, now a specialist at the Counter Extremism Project think tank, told The National the events show the need for stricter regulation of social media.

“It is time that these catalysators of extremism and violence are held to account,” he said.

Disinformation and far-right grievances

It is not known precisely where the fake news about the Southport killer originated.

However, a website called Channel3 Now, which purports to be a US-based news outlet but is actually Russia-owned, was among the first to relay it, shortly after a UK-based anti-lockdown activist.

This was shared by Russian state-backed media and the accounts of influential agitators – including far-right activist Tommy Robinson and Andrew Tate.

The leader of the UK's populist Reform Party, Nigel Farage, was also criticised for suggesting the police were covering up the killer’s identity.

This prompted a warning from former MI6 chief Richard Dearlove that online fake news campaigns were a “fundamental tactic” of Russian President Vladimir Putin’s war against the West.

“The exploitation of that space is a fundamental tactic in their conflict with the West. So, if these bots have been used to stir up through social media a violent response, I’m not the slightest bit surprised.”

Riot police hold back protesters near a burning police vehicle after disorder broke out in Southport, northern England. PA
Riot police hold back protesters near a burning police vehicle after disorder broke out in Southport, northern England. PA

In one instance a TikTok account that began posting content only after the Southport attack, amassed more than 57,000 views for its posts relating to Southport “within hours”, according to Tech Against Terrorism, a UK non-profit which identified the account.

This suggested that bot networks were actively promoting this material. Additionally, copies and screenshots of the videos were found circulating on other platforms such as X and Telegram, further amplifying their reach.

Most of the account’s posts were calling for protests in Southport on July 30.

Tech Against Terrorism said “inauthentic behaviour” online is a growing concern, with extremist and disinformation actors using sophisticated techniques to spread content across multiple platforms while concealing their identities. One such method involves setting up accounts as “beacons” to disseminate information widely.

“This incident highlights the need for a national centre for open-source intelligence to analyse, share, and counter nation-state, terrorist, and extremist disinformation shared across the internet,” TAE's Adam Hadley told The National.

“Given the possible role of foreign interference, we now need a concerted effort for platforms to identify and act against co-ordinated disinformation operations.”

An investigation by Valent Projects, a UK start-up tracking online disinformation, warned the claim on Channel3 Now may have been a side effect of online revenue generation schemes, which it said are “little understood”.

Such websites attempt to generate advertising revenue by using low-cost, automated content to drive as much traffic to their website as possible.

“They are designed to maximise profit by operating with as little human intervention as possible, which means they likely don’t have staffers manually scouring the internet for popular content,” the company wrote on X alongside its finding.

In the case of Channel3Now “it is highly likely an automated process fed off – and then inflamed – real world events.”

Channel3Now has since removed the claim from its website and issued an apology.

Tinderbox

The fake news campaign was the “match on the tinderbox” for far-right groups to exploit the nation’s emotional fragility after the Southport stabbings, and trigger widespread rioting.

“These protests are building on the narrative we have been witnessing for months from the far right,” said retired British Army major Andrew Fox, security analyst at the Henry Jackson Society think tank.

“Southport gave them the opportunity to exploit it and to put a match on the tinderbox. There is only so much the government can do as the police are so short of manpower after the cuts made by the last government,” he said.

Fake news to offline harm

The UK passed an Online Safety Act in 2023 to protect adults and children online, but experts say more is needed.

Social media companies are given up to 48 hours to take down certain content – but the fake news about Southport had spread within hours.

Platforms could introduce more immediate checks – such as detecting potential fake news and advising the user about it before they share their posts, according to Prof Harith Alani, director of the Open University’s Knowledge Media Institute.

Better scrutiny of influential users who spread fake news for hateful purposes was needed, he added. “We forget the impact of hate speech,” he told The National.

“A few incredibly popular accounts” had fuelled the violence, he said. “The question is why these accounts can operate unchallenged on social media, why the platforms are happy [to host] these accounts that can lead to such chaos,” he said.

While the technology to detect such accounts was available, social media platforms were hesitant to police their users in this way, citing free speech.

“The business model … is that you get compensated for being popular on social media, not for being accurate,” added Prof Alani.

Social media companies had become increasingly guarded about sharing their data with external researchers, which makes building new tools to combat fake news more difficult.

“We can produce far better algorithms [to detect and correct misinformation] but the platforms do not collaborate by giving us access to the data. They should be more collaborative,” said Prof Alani.

Weaknesses in the fight against online disinformation today would be amplified when AI-generated content becomes more sophisticated.

“With AI, the next wave of misinformation is going to be far more powerful in terms of convincing populations of false claims. Platforms governments and society really need to get ready for that,” he said.

A more comprehensive approach was also needed so that communities step in quickly when a fake news campaign spreads.

“It requires a whole of society approach,” said Joyce Hakmeh, deputy director of think tank Chatham House’s International Security Programme. “There’s a human side to the solution. Everyone has a role to play, and Big Tech is only a part of the puzzle.”

Prof Matthew Feldman, a leading expert on right-wing extremism, praised the government’s quick policing response to the crisis but told AP: “I would urge them to go further and do something which has equal teeth and speed to be able to counter this tsunami of lies that have all too often spread on social media.”

While far-right groups had “fanned the flames” online, the wider issue was how quickly misinformation was spreading across multiple platforms, he said.

“These people were players in a larger story which is ultimately about disinformation and the way it can motivate people who are angry or hurt to take matters into their own hands,” said Prof Feldman.

“Let us not forget within 30 hours of these lies being circulated on social media, 53 police officers were injured in Southport. That’s how quickly online misinformation can turn into offline harm.”

Such street mobilisation has not been seen in the UK for nearly a decade.

Unlike earlier protests, the recent unrest appeared to have no central movement co-ordinating events, he said.

MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

The%20Afghan%20connection
%3Cp%3EThe%20influx%20of%20talented%20young%20Afghan%20players%20to%20UAE%20cricket%20could%20have%20a%20big%20impact%20on%20the%20fortunes%20of%20both%20countries.%20Here%20are%20three%20Emirates-based%20players%20to%20watch%20out%20for.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3EHassan%20Khan%20Eisakhil%3C%2Fstrong%3E%0D%3Cbr%3EMohammed%20Nabi%20is%20still%20proving%20his%20worth%20at%20the%20top%20level%20but%20there%20is%20another%20reason%20he%20is%20raging%20against%20the%20idea%20of%20retirement.%20If%20the%20allrounder%20hangs%20on%20a%20little%20bit%20longer%2C%20he%20might%20be%20able%20to%20play%20in%20the%20same%20team%20as%20his%20son%2C%20Hassan%20Khan.%20The%20family%20live%20in%20Ajman%20and%20train%20in%20Sharjah.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3EMasood%20Gurbaz%3C%2Fstrong%3E%0D%3Cbr%3EThe%20opening%20batter%2C%20who%20trains%20at%20Sharjah%20Cricket%20Academy%2C%20is%20another%20player%20who%20is%20a%20part%20of%20a%20famous%20family.%20His%20brother%2C%20Rahmanullah%2C%20was%20an%20IPL%20winner%20with%20Kolkata%20Knight%20Riders%2C%20and%20opens%20the%20batting%20with%20distinction%20for%20Afghanistan.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3EOmid%20Rahman%3C%2Fstrong%3E%0D%3Cbr%3EThe%20fast%20bowler%20became%20a%20pioneer%20earlier%20this%20year%20when%20he%20became%20the%20first%20Afghan%20to%20represent%20the%20UAE.%20He%20showed%20great%20promise%20in%20doing%20so%2C%20too%2C%20playing%20a%20key%20role%20in%20the%20senior%20team%E2%80%99s%20qualification%20for%20the%20Asia%20Cup%20in%20Muscat%20recently.%0D%3Cbr%3E%3C%2Fp%3E%0A
Why seagrass matters
  • Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
  • Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
  • Biodiversity: Support species like sea turtles, dugongs, and seabirds
  • Coastal protection: Reduce erosion and improve water quality
Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Clinicy%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Prince%20Mohammed%20Bin%20Abdulrahman%2C%20Abdullah%20bin%20Sulaiman%20Alobaid%20and%20Saud%20bin%20Sulaiman%20Alobaid%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Riyadh%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2025%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20HealthTech%3Cbr%3E%3Cstrong%3ETotal%20funding%20raised%3A%3C%2Fstrong%3E%20More%20than%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Middle%20East%20Venture%20Partners%2C%20Gate%20Capital%2C%20Kafou%20Group%20and%20Fadeed%20Investment%3C%2Fp%3E%0A
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000
In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Destroyer

Director: Karyn Kusama

Cast: Nicole Kidman, Toby Kebbell, Sebastian Stan

Rating: 3/5 

UAE release: January 31 

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

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

MATCH INFO

Fixture: Thailand v UAE, Tuesday, 4pm (UAE)

TV: Abu Dhabi Sports

The%20specs%3A%202024%20Mercedes%20E200
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A
World%20Cup%202023%20ticket%20sales
%3Cp%3EAugust%2025%20%E2%80%93%20Non-India%20warm-up%20matches%20and%20all%20non-India%20event%20matches%0D%3Cbr%3EAugust%2030%20%E2%80%93%20India%20matches%20at%20Guwahati%20and%20Trivandrum%0D%3Cbr%3EAugust%2031%20%E2%80%93%20India%20matches%20at%20Chennai%2C%20Delhi%20and%20Pune%0D%3Cbr%3ESeptember%201%20%E2%80%93%20India%20matches%20at%20Dharamsala%2C%20Lucknow%20and%20Mumbai%0D%3Cbr%3ESeptember%202%20%E2%80%93%20India%20matches%20at%20Bengaluru%20and%20Kolkata%0D%3Cbr%3ESeptember%203%20%E2%80%93%20India%20matches%20at%20Ahmedabad%0D%3Cbr%3ESeptember%2015%20%E2%80%93%20Semi-finals%20and%20Final%3C%2Fp%3E%0A
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

The specs

Common to all models unless otherwise stated

Engine: 4-cylinder 2-litre T-GDi

0-100kph: 5.3 seconds (Elantra); 5.5 seconds (Kona); 6.1 seconds (Veloster)

Power: 276hp

Torque: 392Nm

Transmission: 6-Speed Manual/ 8-Speed Dual Clutch FWD

Price: TBC

SOUTH%20KOREA%20SQUAD
%3Cp%3E%0D%3Cstrong%3EGoalkeepers%3A%20%3C%2Fstrong%3EKim%20Seung-gyu%2C%20Jo%20Hyeon-woo%2C%20Song%20Bum-keun%0D%3Cbr%3E%3Cstrong%3EDefenders%3A%20%3C%2Fstrong%3EKim%20Young-gwon%2C%20Kim%20Min-jae%2C%20Jung%20Seung-hyun%2C%20Kim%20Ju-sung%2C%20Kim%20Ji-soo%2C%20Seol%20Young-woo%2C%20Kim%20Tae-hwan%2C%20Lee%20Ki-je%2C%20Kim%20Jin-su%0D%3Cbr%3E%3Cstrong%3EMidfielders%3A%20%3C%2Fstrong%3EPark%20Yong-woo%2C%20Hwang%20In-beom%2C%20Hong%20Hyun-seok%2C%20Lee%20Soon-min%2C%20Lee%20Jae-sung%2C%20Lee%20Kang-in%2C%20Son%20Heung-min%20(captain)%2C%20Jeong%20Woo-yeong%2C%20Moon%20Seon-min%2C%20Park%20Jin-seob%2C%20Yang%20Hyun-jun%0D%3Cbr%3E%3Cstrong%3EStrikers%3A%20%3C%2Fstrong%3EHwang%20Hee-chan%2C%20Cho%20Gue-sung%2C%20Oh%20Hyeon-gyu%3C%2Fp%3E%0A
BMW M5 specs

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

yallacompare profile

Date of launch: 2014

Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer

Based: Media City, Dubai 

Sector: Financial services

Size: 120 employees

Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Pakistan squad

Sarfraz (c), Zaman, Imam, Masood, Azam, Malik, Asif, Sohail, Shadab, Nawaz, Ashraf, Hasan, Amir, Junaid, Shinwari and Afridi

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

Liverpool's all-time goalscorers

Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228

UAE currency: the story behind the money in your pockets
MATCH INFO

Chelsea 1
Alonso (62')

Huddersfield Town 1
Depoitre (50')

Third Test

Day 3, stumps

India 443-7 (d) & 54-5 (27 ov)
Australia 151

India lead by 346 runs with 5 wickets remaining

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

Manchester City (0) v Liverpool (3)

Uefa Champions League, quarter-final, second leg

Where: Etihad Stadium
When: Tuesday, 10.45pm
Live on beIN Sports HD

The specs

Engine: 2.9-litre, V6 twin-turbo

Transmission: seven-speed PDK dual clutch automatic

Power: 375bhp

Torque: 520Nm

Price: Dh332,800

On sale: now

Company profile

Name: Steppi

Founders: Joe Franklin and Milos Savic

Launched: February 2020

Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year

Employees: Five

Based: Jumeirah Lakes Towers, Dubai

Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings

Second round raised Dh720,000 from silent investors in June this year

UAE currency: the story behind the money in your pockets
Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium, Malayisa
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia on October 10

COMPANY%20PROFILE
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What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

Company Profile

Founders: Tamara Hachem and Yazid Erman
Based: Dubai
Launched: September 2019
Sector: health technology
Stage: seed
Investors: Oman Technology Fund, angel investor and grants from Sharjah's Sheraa and Ma'an Abu Dhabi

2017%20RESULTS%3A%20FRENCH%20VOTERS%20IN%20UK
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Fund-raising tips for start-ups

Develop an innovative business concept

Have the ability to differentiate yourself from competitors

Put in place a business continuity plan after Covid-19

Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.) 

Have enough cash to stay afloat for the next 12 to 18 months

Be creative and innovative to reduce expenses

Be prepared to use Covid-19 as an opportunity for your business

* Tips from Jassim Al Marzooqi and Walid Hanna

Updated: August 12, 2024, 11:57 AM