Forecasters expect Cyclone Biparjoy to make landfall between India's Kutch region and Karachi, Pakistan, on Thursday. AP
Forecasters expect Cyclone Biparjoy to make landfall between India's Kutch region and Karachi, Pakistan, on Thursday. AP
Forecasters expect Cyclone Biparjoy to make landfall between India's Kutch region and Karachi, Pakistan, on Thursday. AP
Forecasters expect Cyclone Biparjoy to make landfall between India's Kutch region and Karachi, Pakistan, on Thursday. AP

Cyclone Biparjoy to have no impact on UAE but India and Pakistan on high alert


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The UAE's weather centre said on Monday that a cyclone that formed in the Arabian Sea will have no impact on the country, as it grows in strength ahead of its expected arrival in India and Pakistan later this week.

The National Centre of Meteorology had assured the public last week that Cyclone Biparjoy was unlikely to affect the Emirates but that it was continuing to monitor the situation.

Authorities on India's western coast are evacuating low-lying areas ahead of the arrival of Cyclone Biparjoy, which is scheduled to make landfall in Gujarat state on Thursday.

“The hurricane is currently centred in the middle of the eastern Arabian Sea at latitude 19.6 north and longitude 67.7, and the wind speed around the centre ranges from 160 to 170kph,” the NCM said in a statement via state news agency Wam.

It said the cyclone had been upgraded from a Category 1 to a Category 2, on a scale in which Category 5 is the most severe.

“It will begin to gradually weaken to the first degree during the night and tomorrow morning, heading north towards the Indo-Pakistani coasts,” it continued.

The Indian Meteorological Department said that Biparjoy had intensified into an “extremely severe cyclonic storm” on Sunday morning and was moving north-east at a speed of 8kph.

Cyclone Biparjoy, whose name means “destruction”, has been brewing for the past week in the Arabian Sea. It was declared a severe cyclone by Oman on June 7.

Sardar Sarfaraz, the representative for Pakistan's Meteorological Department, said the cyclone's maximum sustained surface winds were between 160kph and 180kph, with gusts reaching 200kph around the centre of the system.

He warned that waves hitting the coast could reach four metres when the cyclone makes landfall between India's Kutch region and Karachi, Pakistan.

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Dr Ayham Ammora, scientist and business executive

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How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Updated: June 12, 2023, 5:02 PM`