Dubai Police appeal for help to identify body found in water near Palm Jumeirah

Dubai Police have appealed to the public to help them identify a body found at sea.

The dead man was discovered without any ID in the water between The Palm Jumeirah and the Burj Al Arab hotel and was wearing black shorts and a blue T-shirt.

Police put out the request on their social media channels on Tuesday.

"The man, who was found dead in the sea at the area between Palm Jumeirah and the Burj Al Arab Hotel, is an Asian national in his 40s," the force said on its Facebook page.

"He was found wearing a blue T-shirt and black shorts. The deceased had no identification documents on him."

Anyone recognising the description of the man is urged to approach the Ports Police Station, or call Dubai Police call centre on 04901.

How to become a Boglehead

Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.

• Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.

• Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.

• Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.

• Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.

• Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.

• Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.

• Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.

• Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

Specs

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Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

US households add $601bn of debt in 2019

American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.

Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.

Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.

In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.

The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.

"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.

AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000