Three security guards saved two workers in Dubai after they were found in a semi-conscious state in an industrial water tank.
The quick thinking of Muhammed Zubair and Muhammad Iftikhar from Pakistan, and Richard Estebat from the Philippines, meant they were able to free the men from the tank in time for them to receive urgent medical treatment.
The incident happened at a tourist attraction in Dubai. The company would not state which.
The workers were investigating the source of a strange smell coming from the empty tank.
Because there [were] human beings in the tank, I felt that if I didn’t go inside they could die within minutes
Muhammad Iftikhar,
security guard
Realising that the pair had got into difficulties, the trio called for medical assistance before Mr Iftikhar and Mr Estebat entered the large water tank, wearing masks, to rescue them.
“Because there [were] human beings in the tank, I felt that if I didn’t go inside they could die within minutes,” said Mr Iftikhar.
“I wore two masks and went in the tank and with Richard’s help I got them out.”
An investigation by local authorities revealed the tank contained toxic gas. Immediate treatment by paramedics was provided to the contractors as well as the security guards, both on-site and later at a medical facility.
The three men, who work for Transguard, were later honoured by their company and each received a cash reward and certificate of appreciation in recognition of their heroic efforts.
“We are extremely proud of these three men for their timely display of courage in an extraordinary situation,” said Greg Ward, managing director at Transguard Group.
Speaking after the incident, the men said it was an automatic reaction to help the men in need, as it was their duty as security guards.
“We helped the two people there because as a security [guard] we need to secure the lives of people, so we just did our best,” said Mr Estebat.
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Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
Killing of Qassem Suleimani
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Mohammed bin Zayed Majlis
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UAE currency: the story behind the money in your pockets
