Saqib shines with the bat again as Emirates beat Afghanistan

After a series of losses in recent times to Afghanistan, the UAE finally put one across their rivals in Kuwait yesterday, with a magnificent unbeaten 93 from Saqib Ali carrying them home in a tense ACC Trophy Elite match. Saqib, who starred with a 141 in the run-glut against Bhutan on Thursday, came to crease with UAE struggling at 43 for three in the 15th over as they chased 218 for victory. He stayed until the end, scoring the winning runs off the first delivery of the final over. Earlier, the UAE bowlers had laid the foundations of the victory by restricting the free-flowing Afghans to 217 for seven, with Shadeep Silva bagging three for 29. Afghanistan's most recent victory over the UAE came during the World Twenty20 qualifiers in February, which gave them a ticket to this month's T20 World Cup. Yesterday they announced their squad for the tournament yesterday, with Shabir Nori and Sayed Nasrat included. arizvi@thenational.ae

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

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UAE currency

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.

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Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
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Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

ABU DHABI T10: DAY TWO

Bangla Tigers v Deccan Gladiators (3.30pm)

Delhi Bulls v Karnataka Tuskers (5.45pm)

Northern Warriors v Qalandars (8.00pm)

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What is an ETF?

An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.

There is no fund manager deciding which stocks and other assets to invest in, instead they passively track their chosen index, country, region or commodity, regardless of whether it goes up or down.

The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.

There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.

While the best-known track major indices such as MSCI World, the S&P 500 and FTSE 100, you can also invest in specific countries or regions, large, medium or small companies, government bonds, gold, crude oil, cocoa, water, carbon, cattle, corn futures, currency shifts or even a stock market crash.