Miami Mayor Francis Suarez addresses hundreds of city leaders at the opening of the US Conference of Mayors, hosted by the UAE embassy in Washington. The National
Miami Mayor Francis Suarez addresses hundreds of city leaders at the opening of the US Conference of Mayors, hosted by the UAE embassy in Washington. The National
Miami Mayor Francis Suarez addresses hundreds of city leaders at the opening of the US Conference of Mayors, hosted by the UAE embassy in Washington. The National
Miami Mayor Francis Suarez addresses hundreds of city leaders at the opening of the US Conference of Mayors, hosted by the UAE embassy in Washington. The National

UAE embassy hosts hundreds of US mayors in Washington


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Hundreds of mayors from across the US gathered at the UAE embassy in Washington to mark the start of an annual conference of city leaders and to highlight ties to the Emirates.

More than 250 mayors are participating in this week's event to discuss urban policies and goals. Any policy decisions adopted by the conference are distributed to the US Congress and the President.

Miami's Mayor Francis Suarez began the summit by thanking the UAE for its investment in the US and highlighting Miami's prospective sister-city relationship with Dubai.

"We certainly wanted to create a stronger linkage between Miami and the Emirates," Mr Suarez told The National at an event hosted by the embassy on Tuesday evening.

"We were invited to create a sister-city relationship with Dubai during the world Expo. We thought it was the right moment, the right time.

"We certainly have a wonderful relationship with the city of Dubai, with the emirate of Dubai and also with the emirate of Abu Dhabi.

"And so it’s just a wonderful opportunity to grow a closer relationship between our country and the Emirates, which I think are playing an increasing role … on world affairs."

Washington Mayor Muriel Bowser said the UAE's ambassador to the US, Yousef Al Otaiba, had been a "good friend" to the US capital.

"We certainly are happy to invite the mayors to learn about the investments that the Emirates are making in US cities," Ms Bowser told The National.

"We have different opportunities, especially as many of us are looking to transform our downtowns. We could have huge opportunities in the next several years that will require big investment."

The UAE embassy's deputy chief of mission Shaima Gargash welcomes hundreds of city leaders to the opening of the US Conference of Mayors in Washington on Tuesday. Photo: UAE embassy
The UAE embassy's deputy chief of mission Shaima Gargash welcomes hundreds of city leaders to the opening of the US Conference of Mayors in Washington on Tuesday. Photo: UAE embassy
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Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

While you're here
MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

UAE WARRIORS RESULTS

Featherweight

Azouz Anwar (EGY) beat Marcelo Pontes (BRA)

TKO round 2

Catchweight 90kg

Moustafa Rashid Nada (KSA) beat Imad Al Howayeck (LEB)

Split points decision

Welterweight

Gimbat Ismailov (RUS) beat Mohammed Al Khatib (JOR)

TKO round 1

Flyweight (women)

Lucie Bertaud (FRA) beat Kelig Pinson (BEL)

Unanimous points decision

Lightweight

Alexandru Chitoran (ROU) beat Regelo Enumerables Jr (PHI)

TKO round 1

Catchweight 100kg

Marc Vleiger (NED) beat Mohamed Ali (EGY)

Rear neck choke round 1

Featherweight

James Bishop (NZ) beat Mark Valerio (PHI)

TKO round 2

Welterweight

Abdelghani Saber (EGY) beat Gerson Carvalho (BRA)

TKO round 1

Middleweight

Bakhtiyar Abbasov (AZE) beat Igor Litoshik (BLR)

Unanimous points decision

Bantamweight

Fabio Mello (BRA) beat Mark Alcoba (PHI)

Unanimous points decision

Welterweight

Ahmed Labban (LEB) v Magomedsultan Magomedsultanov (RUS)

TKO round 1

Bantamweight

Trent Girdham (AUS) beat Jayson Margallo (PHI)

TKO round 3

Lightweight

Usman Nurmagomedov (RUS) beat Roman Golovinov (UKR)

TKO round 1

Middleweight

Tarek Suleiman (SYR) beat Steve Kennedy (AUS)

Submission round 2

Lightweight

Dan Moret (USA) v Anton Kuivanen (FIN)

TKO round 2

LILO & STITCH

Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders

Director: Dean Fleischer Camp

Rating: 4.5/5

Updated: January 18, 2023, 10:23 PM`