"It's a great time to invest, and that's what people should understand," he says. "If you invest now, you're buying shares at a discount price - many are at an all-time low." He also recommends buying property for the same reason.
"You just need to have the belief that Dubai will come through all this, and that when it does, it will progress," he explains.
He says last year was the low point for the region and he expects an upward trend in the current year.
"I believe the Middle East will come through it in the next three or four years, and it will be back to the boom days," Mr Owens says.
But more so than Middle East markets, he believes it is emerging international markets that hold the most promise. He recommends investing in rapidly developing countries such as India, China, Latin America, Russia and Pakistan.
"People who have suffered losses could turn their loss around far more quickly by investing in emerging markets," Mr Owens says. "I see the European and American markets being depressed for years to come. Investors may as well cut their losses now and change their funds."
He maintains that commodities, infrastructure, transportation and property are sectors to look at in the developing economies. In addition, banks, energy, materials and telecommunications are good choices. "Telecommunications is a big market in India and Pakistan, and certainly will be in China, because you have a massive population who will all want a mobile phone and a television one day," he says. One thing Mr Owens advises against is investing in gold.
"A lot of people turn to gold in uncertain times. Especially now, people are talking about it because its value has skyrocketed in the past two years, but there's going to come a time when it will just plummet. I see it levelling off soon."
Mr Owens says it's important for people to discuss strategies with a financial adviser before making decisions, adding that one must be disciplined in investing. He also advises everyone to have a five-year financial plan in place.
"It's a matter of how much they can afford to invest over a period of time, and what they have got to fall back on so they're not forced to withdraw from their equity investments," he says.
* Sanam Islam
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
COMPANY%20PROFILE
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Normal People
Sally Rooney, Faber & Faber
RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
RIDE%20ON
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hall of shame
SUNDERLAND 2002-03
No one has ended a Premier League season quite like Sunderland. They lost each of their final 15 games, taking no points after January. They ended up with 19 in total, sacking managers Peter Reid and Howard Wilkinson and losing 3-1 to Charlton when they scored three own goals in eight minutes.
SUNDERLAND 2005-06
Until Derby came along, Sunderland’s total of 15 points was the Premier League’s record low. They made it until May and their final home game before winning at the Stadium of Light while they lost a joint record 29 of their 38 league games.
HUDDERSFIELD 2018-19
Joined Derby as the only team to be relegated in March. No striker scored until January, while only two players got more assists than goalkeeper Jonas Lossl. The mid-season appointment Jan Siewert was to end his time as Huddersfield manager with a 5.3 per cent win rate.
ASTON VILLA 2015-16
Perhaps the most inexplicably bad season, considering they signed Idrissa Gueye and Adama Traore and still only got 17 points. Villa won their first league game, but none of the next 19. They ended an abominable campaign by taking one point from the last 39 available.
FULHAM 2018-19
Terrible in different ways. Fulham’s total of 26 points is not among the lowest ever but they contrived to get relegated after spending over £100 million (Dh457m) in the transfer market. Much of it went on defenders but they only kept two clean sheets in their first 33 games.
LA LIGA: Sporting Gijon, 13 points in 1997-98.
BUNDESLIGA: Tasmania Berlin, 10 points in 1965-66