A 13-year-old unlicensed driver left fighting for his life after a road accident in Ras Al Khaimah has died.
The Emirati teenager crashed an SUV while travelling down an unlit road in Al Ghail at about 8.30pm on Thursday, October 29.
The force of the crash caused the vehicle to flip on to its side.
One passenger, 12, died instantly while another, aged 11, escaped with only minor injuries.
The young driver received treatment at an intensive care in hospital but died in the early hours of Saturday, nine days after the crash.
Brig Mohammad Al Humaidi, director general of central operations at Ras Al Khaimah Police, urged parents to monitor their children and not let them drive until they are adults and have obtained a driving licence.
“Driving a vehicle without obtaining a licence is an explicit violation of traffic rules and regulations and exposes the violators to legal accountability,” he said in the wake of the crash.
The legal driving age in the UAE is 18.
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Simon Nadim has completed 7,000 dives.
The hardest dive in the UAE is the German U-boat 110m down off the Fujairah coast.
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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.
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