Mourners attend a memorial service for Mikhail Gorbachev, the last leader of the Soviet Union, at the Hall of Columns in Moscow on Saturday. AFP
Mourners attend a memorial service for Mikhail Gorbachev, the last leader of the Soviet Union, at the Hall of Columns in Moscow on Saturday. AFP
A mourner holds a copy of 'Gorbachev: His Life and Times' outside the hall in the Russian capital. Reuters
A mourner holds a copy of 'Gorbachev: His Life and Times' outside the hall in the Russian capital. Reuters
A woman holds flowers as she stands in line to file past the Nobel Peace Prize winner's coffin. AFP
A woman holds flowers as she stands in line to file past the Nobel Peace Prize winner's coffin. AFP
Hungary's Prime Minister Viktor Orban was the European leader at the service, with most staying away because of Russia's invasion of Ukraine. EPA
Hungary's Prime Minister Viktor Orban was the European leader at the service, with most staying away because of Russia's invasion of Ukraine. EPA
People queue to say farewell to the former leader, who died at the age of 91. AFP
People queue to say farewell to the former leader, who died at the age of 91. AFP
Gorbachev's daughter Irina hugs politician Grigory Yavlinsky in front of her father's casket. AP
Gorbachev's daughter Irina hugs politician Grigory Yavlinsky in front of her father's casket. AP
People queue at the memorial service, after which Gorbachev was buried at the Novodevichy Cemetery in Moscow next to the grave of his wife Raisa. EPA
People queue at the memorial service, after which Gorbachev was buried at the Novodevichy Cemetery in Moscow next to the grave of his wife Raisa. EPA
Muscovites queue to enter the hall. AFP
Muscovites queue to enter the hall. AFP
Although Gorbachev was not granted a state funeral, the hall in which his body lay has been used as a venue for them since Soviet times. AP
Although Gorbachev was not granted a state funeral, the hall in which his body lay has been used as a venue for them since Soviet times. AP
President Vladimir Putin was not among the mourners. Earlier, he laid flowers at the hospital where Gorbachev died. AP
President Vladimir Putin was not among the mourners. Earlier, he laid flowers at the hospital where Gorbachev died. AP
People queue outside the hall near the Kremlin. AP
People queue outside the hall near the Kremlin. AP
Dmitry Medvedev, deputy chairman of Russia's Security Council, pays his respects. Reuters
Dmitry Medvedev, deputy chairman of Russia's Security Council, pays his respects. Reuters
Russians queue to attend the ceremony. AFP
Russians queue to attend the ceremony. AFP
A portrait of Gorbachev on the wall during his memorial service in Moscow. Reuters
A portrait of Gorbachev on the wall during his memorial service in Moscow. Reuters

World

Europe

Russians line up to say farewell to Mikhail Gorbachev, but Putin is absent

Mourners file past coffin at Hall of Columns in Moscow for low-key ceremony

Neil Murphy
Neil Murphy

September 03, 2022

  • English
  • Arabic

Mourners queued in Moscow on Saturday to bid farewell to the last leader of the Soviet Union, Mikhail Gorbachev.

Russian President Vladimir Putin was absent from the ceremony honouring Gorbachev, who was laid to rest without official state honours.

However, Gorbachev was granted a low-key public send-off, with authorities allowing Russians to view his coffin in the imposing Hall of Columns where Soviet leaders including Joseph Stalin laid in state.

Gorbachev died on Tuesday at the age of 91 following a long illness, the hospital where he was treated said.

Gorbachev, who was in power between 1985 and 1991, sought to transform the Soviet Union with democratic reforms that eventually triggered its demise.

One of the great political figures of the 20th century, he was lionised in the West for helping to end the Cold War and trying to change the USSR, but despised by many in Russia for the economic chaos and loss of global influence that followed the Soviet collapse.

He had spent most of the last few decades out of the political limelight and his death this week was barely acknowledged in official circles in Russia.

State television on Thursday showed images of Mr Putin, alone, laying a bouquet of red roses near Gorbachev's open casket at the hospital where he died.

But the Kremlin said Putin would not attend Saturday's funeral due to his “work schedule”.

There were few other signs of an official presence at the ceremony, where Gorbachev's daughter Irina Virganskaya sat to the side of the coffin with other family members.

Gorbachev was to be buried later Saturday at Moscow's Novodevichy Cemetery next to his wife Raisa, who died of cancer in 1999.

With Russia isolated by its war in Ukraine, the only senior foreign official to announce he would attend was Hungarian Prime Minister Viktor Orban of Hungary.

Before the Ukraine invasion, Mr Orban had one of the closest relationships with Mr Putin of any EU leader, but the Kremlin said there were no talks planned during his visit to Moscow.

Deputy Chairman of the Russian Security Council Dmitry Medvedev attends the funeral of Mikhail Gorbachev. AFP
Deputy Chairman of the Russian Security Council Dmitry Medvedev attends the funeral of Mikhail Gorbachev. AFP

After Gorbachev's death, tributes poured in from western capitals, where he is remembered for allowing countries in Eastern Europe to free themselves from Soviet rule and for signing a landmark nuclear arms reduction pact with the US.

Known affectionately in the West as Gorby, he was awarded the Nobel Peace Prize in 1990.

Flags were also flying at half-mast in Berlin on Saturday, in memory of the man who held back Soviet troops as the Berlin Wall fell in 1989.

Mr Putin, who called the Soviet collapse the greatest geopolitical catastrophe of the 20th century, has spent much of his more than 20-year rule reversing parts of Gorbachev's legacy.

With February's invasion of Ukraine, he has sought to reassert Russian influence in one of the countries that won its independence when the Soviet Union fell apart.

Gorbachev's successor, Boris Yeltsin, who became the first president of modern Russia and led the country through years of painful transition to a market economy, was honoured with a state funeral and day of mourning when he died in 2007.

Both Mr Putin and Gorbachev were in attendance.

Mikhail Gorbachev - in pictures

Mikhail Gorbachev waves from the Red Square in Moscow during a Revolution Day celebration in November 1989. AP
Mikhail Gorbachev waves from the Red Square in Moscow during a Revolution Day celebration in November 1989. AP
Gorbachev poses for a picture at the age of 19, wearing the Red Banner of Labour medal he received for driving a combine harvester on the plains of southern Russia. AP
Gorbachev poses for a picture at the age of 19, wearing the Red Banner of Labour medal he received for driving a combine harvester on the plains of southern Russia. AP
Gorbachev led the Soviet Union from 1985 until its end in 1991. AFP
Gorbachev led the Soviet Union from 1985 until its end in 1991. AFP
Gorbachev and US President Ronald Reagan meet for the first time in Geneva, Switzerland, in 1985. Reuters
Gorbachev and US President Ronald Reagan meet for the first time in Geneva, Switzerland, in 1985. Reuters
Gorbachev and East German communist leader Erich Honecker sing the 'The International', widely regarded as a communist anthem, in East Berlin in April 1986. AFP
Gorbachev and East German communist leader Erich Honecker sing the 'The International', widely regarded as a communist anthem, in East Berlin in April 1986. AFP
Gorbachev and Francois Mitterrand wave during an official trip by the French president to the USSR, in July 1986. AFP
Gorbachev and Francois Mitterrand wave during an official trip by the French president to the USSR, in July 1986. AFP
Gorbachev gives a speech in Moscow, during the 18th Congress of the USSR Trade Unions, in February 1987. AFP
Gorbachev gives a speech in Moscow, during the 18th Congress of the USSR Trade Unions, in February 1987. AFP
British Prime Minister Margaret Thatcher and Gorbachev before the start of talks at the Kremlin in March 1987. AFP
British Prime Minister Margaret Thatcher and Gorbachev before the start of talks at the Kremlin in March 1987. AFP
Gorbachev waves from the Red Square in November 1987, during celebrations to mark the 70th anniversary of the Russian Revolution. AP
Gorbachev waves from the Red Square in November 1987, during celebrations to mark the 70th anniversary of the Russian Revolution. AP
Gorbachev and Reagan sign the Intermediate-Range Nuclear Forces treaty at the White House in Washington in December 1987. Reuters
Gorbachev and Reagan sign the Intermediate-Range Nuclear Forces treaty at the White House in Washington in December 1987. Reuters
Gorbachev and Queen Elizabeth II at Windsor Castle at the end of the Soviet leader's visit to Britain in April 1989. AFP
Gorbachev and Queen Elizabeth II at Windsor Castle at the end of the Soviet leader's visit to Britain in April 1989. AFP
Gorbachev and his wife Raisa take in the view during a tour of China's Great Wall, in Beijing, in May 1989. AP
Gorbachev and his wife Raisa take in the view during a tour of China's Great Wall, in Beijing, in May 1989. AP
Gorbachev and his wife are greeted by cheering crowds in Bonn, Germany, in June 1989. EPA
Gorbachev and his wife are greeted by cheering crowds in Bonn, Germany, in June 1989. EPA
Pope John Paul II greets Gorbachev at the Vatican in December 1989. AFP
Pope John Paul II greets Gorbachev at the Vatican in December 1989. AFP
Gorbachev speaks at the Lenin monument in Vilnius, Lithuania, in January 1990. AP
Gorbachev speaks at the Lenin monument in Vilnius, Lithuania, in January 1990. AP
Gorbachev attends a Commission on Security and Co-operation in Europe summit in Paris in November 1990. AFP
Gorbachev attends a Commission on Security and Co-operation in Europe summit in Paris in November 1990. AFP
US President George Bush and Gorbachev confer in Moscow in July 1991, after the end of a US-Soviet summit dedicated to disarmament. AFP
US President George Bush and Gorbachev confer in Moscow in July 1991, after the end of a US-Soviet summit dedicated to disarmament. AFP
Gorbachev makes his first appearance after a failed military coup in August 1991. AFP
Gorbachev makes his first appearance after a failed military coup in August 1991. AFP
Gorbachev and British Prime Minister John Major pose for a picture after the Soviet leader's arrival at Lancaster House, London, in July 1991. PA
Gorbachev and British Prime Minister John Major pose for a picture after the Soviet leader's arrival at Lancaster House, London, in July 1991. PA
Gorbachev and his wife shake hands with Mickey and Minnie Mouse at the entrance of Disneyland, Tokyo, in April 1992. AFP
Gorbachev and his wife shake hands with Mickey and Minnie Mouse at the entrance of Disneyland, Tokyo, in April 1992. AFP
Reagan and Gorbachev with their wives at a farm owned by the Reagans near Santa Barbara, California, in May 1992. Reuters
Reagan and Gorbachev with their wives at a farm owned by the Reagans near Santa Barbara, California, in May 1992. Reuters
Gorbachev meets former US secretary of state Henry Kissinger in Moscow in May 1992. AFP
Gorbachev meets former US secretary of state Henry Kissinger in Moscow in May 1992. AFP
Gorbachev announces his candidacy for the Russian presidency at a press conference in Moscow in March 1996. AFP
Gorbachev announces his candidacy for the Russian presidency at a press conference in Moscow in March 1996. AFP
Gorbachev wipes his tears as his daughter Irina looks on during a ceremony in Moscow to pay tribute to his late wife Raisa in September 1999. AFP
Gorbachev wipes his tears as his daughter Irina looks on during a ceremony in Moscow to pay tribute to his late wife Raisa in September 1999. AFP
U2 lead singer Bono, former US president Bill Clinton and Gorbachev attend a dinner hosted by the former Soviet leader at the Russian Embassy in New York in March 2002. AP
U2 lead singer Bono, former US president Bill Clinton and Gorbachev attend a dinner hosted by the former Soviet leader at the Russian Embassy in New York in March 2002. AP
US Secretary of State Colin Powell shakes hands with Gorbachev in Washington in April 2001. AFP
US Secretary of State Colin Powell shakes hands with Gorbachev in Washington in April 2001. AFP
Gorbachev and Russian President Vladimir Putin before the start of a news conference in Schleswig, Germany, in December 2004. AP
Gorbachev and Russian President Vladimir Putin before the start of a news conference in Schleswig, Germany, in December 2004. AP
Bush, Gorbachev and former German chancellor Helmut Kohl hold the 'Point Alpha Award' at the former demarcation line between East and West Germany in June 2005. EPA
Bush, Gorbachev and former German chancellor Helmut Kohl hold the 'Point Alpha Award' at the former demarcation line between East and West Germany in June 2005. EPA
Former German chancellor Angela Merkel and Gorbachev talk during the 'Petersburg Dialogue' conference in Wiesbaden, Germany, in October 2007. AFP
Former German chancellor Angela Merkel and Gorbachev talk during the 'Petersburg Dialogue' conference in Wiesbaden, Germany, in October 2007. AFP
Gorbachev meets British Prime Minister Gordon Brown in January 2008 at 10 Downing Street in London. PA
Gorbachev meets British Prime Minister Gordon Brown in January 2008 at 10 Downing Street in London. PA
Gorbachev holds talks with British Prime Minister David Cameron in February 2011 at 10 Downing Street in London. PA
Gorbachev holds talks with British Prime Minister David Cameron in February 2011 at 10 Downing Street in London. PA
Former US President Jimmy Carter shakes hands with Gorbachev during the 12th World Summit of Nobel Peace Laureates in Chicago, Illinois, in April 2012. EPA
Former US President Jimmy Carter shakes hands with Gorbachev during the 12th World Summit of Nobel Peace Laureates in Chicago, Illinois, in April 2012. EPA
Gorbachev and Bush shake hands during a commemorative event in Berlin in October 2009. AFP
Gorbachev and Bush shake hands during a commemorative event in Berlin in October 2009. AFP
Gorbachev attends the Moscow premiere of a film made by Werner Herzog and British filmmaker Andre Singer based on their conversations, in Moscow, Russia, in November 2018. AP
Gorbachev attends the Moscow premiere of a film made by Werner Herzog and British filmmaker Andre Singer based on their conversations, in Moscow, Russia, in November 2018. AP
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MATCH INFO

Newcastle 2-2 Manchester City
Burnley 0-2 Crystal Palace
Chelsea 0-1 West Ham
Liverpool 2-1 Brighton
Tottenham 3-2 Bournemouth
Southampton v Watford (late)

Results

Female 49kg: Mayssa Bastos (BRA) bt Thamires Aquino (BRA); points 0-0 (advantage points points 1-0).

Female 55kg: Bianca Basilio (BRA) bt Amal Amjahid (BEL); points 4-2.

Female 62kg: Beatriz Mesquita (BRA) v Ffion Davies (GBR); 10-2.

Female 70kg: Thamara Silva (BRA) bt Alessandra Moss (AUS); submission.

Female 90kg: Gabreili Passanha (BRA) bt Claire-France Thevenon (FRA); submission.

Male 56kg: Hiago George (BRA) bt Carlos Alberto da Silva (BRA); 2-2 (2-0)

Male 62kg: Gabriel de Sousa (BRA) bt Joao Miyao (BRA); 2-2 (2-1)

Male 69kg: Paulo Miyao (BRA) bt Isaac Doederlein (USA); 2-2 (2-2) Ref decision.

Male 77kg: Tommy Langarkar (NOR) by Oliver Lovell (GBR); submission.

Male 85kg: Rudson Mateus Teles (BRA) bt Faisal Al Ketbi (UAE); 2-2 (1-1) Ref decision.

Male 94kg: Kaynan Duarte (BRA) bt Adam Wardzinski (POL); submission.

Male 110kg: Joao Rocha (BRA) bt Yahia Mansoor Al Hammadi (UAE); submission.

JAPANESE GRAND PRIX INFO

Schedule (All times UAE)
First practice: Friday, 5-6.30am
Second practice: Friday, 9-10.30am
Third practice: Saturday, 7-8am
Qualifying: Saturday, 10-11am
Race: Sunday, 9am-midday 

Race venue: Suzuka International Racing Course
Circuit Length: 5.807km
Number of Laps: 53
Watch live: beIN Sports HD

RESULTS

Lightweight (female)
Sara El Bakkali bt Anisha Kadka
Bantamweight
Mohammed Adil Al Debi bt Moaz Abdelgawad
Welterweight
Amir Boureslan bt Mahmoud Zanouny
Featherweight
Mohammed Al Katheeri bt Abrorbek Madaminbekov
Super featherweight
Ibrahem Bilal bt Emad Arafa
Middleweight
Ahmed Abdolaziz bt Imad Essassi
Bantamweight (female)
Ilham Bourakkadi bt Milena Martinou
Welterweight
Mohamed Mardi bt Noureddine El Agouti
Middleweight
Nabil Ouach bt Ymad Atrous
Welterweight
Nouredine Samir bt Marlon Ribeiro
Super welterweight
Brad Stanton bt Mohamed El Boukhari

THE SPECS

Engine: 3.6-litre V6

Transmission: nine-speed automatic

Power: 310hp

Torque: 366Nm

Price: Dh200,000

THE SPECS – Honda CR-V Touring AWD

Engine: 2.4-litre 4-cylinder

Power: 184hp at 6,400rpm

Torque: 244Nm at 3,900rpm

Transmission: Continuously Variable Transmission (CVT)

0-100kmh in 9.4 seconds

Top speed: 202kmh

Fuel consumption: 6.8L/100km

Price: From Dh122,900

Gulf rugby

Who’s won what so far in 2018/19

Western Clubs Champions League: Bahrain
Dubai Rugby Sevens: Dubai Hurricanes
West Asia Premiership: Bahrain

What’s left

UAE Conference

March 22, play-offs:
Dubai Hurricanes II v Al Ain Amblers, Jebel Ali Dragons II v Dubai Tigers

March 29, final

UAE Premiership

March 22, play-offs: 
Dubai Exiles v Jebel Ali Dragons, Abu Dhabi Harlequins v Dubai Hurricanes

March 29, final

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Super Bowl LIII schedule

What Super Bowl LIII

Who is playing New England Patriots v Los Angeles Rams

Where Mercedes-Benz Stadium in Atlanta, United States

When Sunday (start time is 3.30am on Monday UAE time)

 

Sunday:
GP3 race: 12:10pm
Formula 2 race: 1:35pm
Formula 1 race: 5:10pm
Performance: Guns N' Roses

Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

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Fight card
  • Aliu Bamidele Lasisi (Nigeria) beat Artid Vamrungauea (Thailand) POINTS
  • Julaidah Abdulfatah (Saudi Arabia) beat Martin Kabrhel (Czech Rep) POINTS
  • Kem Ljungquist (Denmark) beat Mourad Omar (Egypt) TKO
  • Michael Lawal (UK) beat Tamas Kozma (Hungary) KO​​​​​​​
  • Zuhayr Al Qahtani (Saudi Arabia) beat Mohammed Mahmoud (UK) POINTS
  • Darren Surtees (UK) beat Kane Baker (UK) KO
  • Chris Eubank Jr (UK) beat JJ McDonagh (Ireland) TKO
  • Callum Smith (UK) beat George Groves (UK) KO
DMZ facts
  • The DMZ was created as a buffer after the 1950-53 Korean War.
  • It runs 248 kilometers across the Korean Peninsula and is 4km wide.
  • The zone is jointly overseen by the US-led United Nations Command and North Korea.
  • It is littered with an estimated 2 million mines, tank traps, razor wire fences and guard posts.
  • Donald Trump and Kim Jong-Un met at a building in Panmunjom, where an armistice was signed to stop the Korean War.
  • Panmunjom is 52km north of the Korean capital Seoul and 147km south of Pyongyang, North Korea’s capital.
  • Former US president Bill Clinton visited Panmunjom in 1993, while Ronald Reagan visited the DMZ in 1983, George W. Bush in 2002 and Barack Obama visited a nearby military camp in 2012. 
  • Mr Trump planned to visit in November 2017, but heavy fog that prevented his helicopter from landing.
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Profile

Company: Libra Project

Based: Masdar City, ADGM, London and Delaware

Launch year: 2017

Size: A team of 12 with six employed full-time

Sector: Renewable energy

Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.

RESULTS

5pm: Maiden (PA) Dh80,000 1,600m
Winner: Omania, Saif Al Balushi (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Conditions (PA) Dh85,000 1,600m
Winner: Brehaan, Richard Mullen, Ana Mendez
6pm: Handicap (TB) Dh100,000 1,600m
Winner: Craving, Connor Beasley, Simon Crisford
6.30pm: The President’s Cup Prep (PA) Dh100,000 2,200m
Winner: Rmmas, Tadhg O’Shea, Jean de Roualle
7pm: Wathba Stallions Cup (PA) Dh70,000 1,200m
Winner: Dahess D’Arabie, Connor Beasley, Helal Al Alawi
7.30pm: Handicap (PA) Dh80,000 1,400m
Winner: Fertile De Croate, Sam Hitchcott, Ibrahim Aseel

If you go...

Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.

Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50

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If you go

Flights

Emirates flies from Dubai to Phnom Penh with a stop in Yangon from Dh3,075, and Etihad flies from Abu Dhabi to Phnom Penh with its partner Bangkok Airlines from Dh2,763. These trips take about nine hours each and both include taxes. From there, a road transfer takes at least four hours; airlines including KC Airlines (www.kcairlines.com) offer quick connecting flights from Phnom Penh to Sihanoukville from about $100 (Dh367) return including taxes. Air Asia, Malindo Air and Malaysian Airlines fly direct from Kuala Lumpur to Sihanoukville from $54 each way. Next year, direct flights are due to launch between Bangkok and Sihanoukville, which will cut the journey time by a third.

The stay

Rooms at Alila Villas Koh Russey (www.alilahotels.com/ kohrussey) cost from $385 per night including taxes.

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

MEYDAN RESULTS

6.30pm Baniyas (PA) Group 2 Dh125,000 (Dirt) 1,400m

Winner ES Ajeeb, Sam Hitchcock (jockey), Ibrahim Aseel (trainer).          

7.05pm Maiden (TB) Dh165,000 (D) 1,200m

Winner  Galaxy Road, Antonio Fresu, Musabah Al Muhairi.

7.40pm Maiden (TB) Dh165,000 (D) 1,400m

Winner  Al Modayar, Fernando Jara, Ali Rashid Al Raihe.

8.15pm Handicap (TB) Dh170,000 (D) 1,900m

Winner  Gundogdu, Xavier Ziani, Salem bin Ghadayer.

8.50pm Rated Conditions (TB) Dh240,000 (D) 1,600m

Winner George Villiers, Tadhg O’Shea, Satish Seemar.

9.25pm Handicap (TB) Dh175,000 (D)1,200m

Winner  Lady Parma, Connor Beasley, Satish Seemar

10pm Handicap (TB) Dh165,000 (D) 1,400m

Winner Zaajer, Fernando Jara, Ali Rashid Al Raihe

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Ashraf Ghani 50.64 per cent

Abdullah Abdullah 39.52 per cent

Gulbuddin Hekmatyar 3.85 per cent

Rahmatullah Nabil 1.8 per cent

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COMPANY PROFILE

Company name: Letstango.com

Started: June 2013

Founder: Alex Tchablakian

Based: Dubai

Industry: e-commerce

Initial investment: Dh10 million

Investors: Self-funded

Total customers: 300,000 unique customers every month

While you're here
The specs

Engine: 4.0-litre, twin-turbocharged V8

Transmission: nine-speed automatic

Power: 630bhp

Torque: 900Nm

Price: Dh810,000

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Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

Mohammed bin Zayed Majlis
Company%C2%A0profile
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UAE currency: the story behind the money in your pockets
Tomorrow 2021
Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Updated: September 03, 2022, 2:54 PM`
RussiaUkraineVladimir Putin