Author: dailyguardian.ae
The world’s wealthiest five men have more than doubled their fortune since 2020, the charity Oxfam said on Monday, calling on nations to resist the ultra-rich’s influence over tax policy. A report from the charity, published as the global elite hobnob at the World Economic Forum in Davos this week, said their wealth rose from $405 billion in 2020 to $869 billion last year. Yet since 2020, nearly five billion people worldwide have grown poorer, Oxfam said. Billionaires are today $3.3 trillion richer than they were in 2020, despite many crises devastating the world’s economy since this decade began, including…
Bitcoin turned 15 on January 9 this year. The next day, on January 10, the Securities and Exchange Commission approved Bitcoin ETFs for its markets. It is a great gift to investors who have been keen to trade in the cryptocurrency but were dithered by a variety of reasons, including volatility and lack of regulatory checks. Now, even though none of the concerns are likely to be assuaged completely by the regulatory nod, the SEC’s latest decision is still monumental and gives a fleeting sense of comfort. The approval of a Bitcoin ETF marks a significant milestone in the crypto…
When we think of the best graphics cards in this day and age, GPUs like the RTX 4090 or the RX 7900 XTX come to mind. However, for these beastly cards to be able to run, some much older GPUs had to crawl, and then walk, to get us to where we are today. Looking back, the history of graphics cards shows us a few landmark GPUs that redefined graphics technology. Let’s take a trip back to 1996 and subsequent years to explore the graphics cards that made a difference, had an impact, and were smash hits with enthusiasts all…
Dubai Opera burst in a display of vivid colours and symphony of cultural presentations as the 10th UAE Chinese New Year (CNY) Gala took place on Sunday. The cultural show and community celebration served as a prelude to the CNY on February 10, and held special significance as it heralded the Year of the Dragon. With an estimated 300,000 Chinese expatriates residing in the UAE, the CNY Gala served as a vibrant gathering for the community, allowing them to celebrate their heritage and traditions in their adoptive home. This year’s festivities were even more remarkable as they coincided with the…
Saudi Arabia’s Qiddiya Investment Company (QIC) announced the launch of the Prince Mohammed bin Salman Stadium on Monday, a multi-use venue set to enhance Qiddiya’s philosophy of the Power of Play. After completion, it is expected to host some of Saudi Arabia’s biggest sports, entertainment, and cultural events. Located in Qiddiya City atop the 200m-high Tuwaiq cliff and just 40 minutes from Riyadh, this futuristic venue is anticipated to become a must-visit destination. It aims to draw visitors from across the globe and revolutionise the traditional stadium experience with its immersive design and unique technological features. Stay up to date…
Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence (AI). More than half of chief economists (56 per cent) expect the global economy to weaken this year, while 43 per cent foresee unchanged or stronger conditions. A strong majority also believe labour markets (77 per cent) and financial conditions (70 per cent) will loosen over the coming year. Although the expectations for high inflation have been pared back in…
Dubai-born singer and songwriter Celinedee Matahari was set to meet the music world’s maestro A.R Rahman at a trailer release event in the city. But fate had other plans: the music composer was stuck in traffic, which led to the meet and greet getting cancelled. Celinedee wasn’t going to let that come in the way of meeting her idol, so she caught Rahman right outside the venue, which now is a viral moment. Several fan pages and meme accounts across India have picked on a video which shows a talented ukulele player asking Rahman, her idol, if she can play…
The winner cashes in on home advantage to shoot a bogey-free round at the Emirates Golf Club By Nick Tarratt/ Khaleej Times Guest Golf Writer. Viktor Kofod Olsen (EGC) shot rounds of 71 and 69 for a four-under-par total of 140 to win the second edition of the Junior Dubai Desert Classic at Emirates Golf Club. After a first round of 71 over the Faldo Course last night under the lights, Viktor was well placed in tied second, two shots behind leader Mo Craig (JGE). Sunday’s round from tee one over the Majlis saw Viktor shoot an impressive score with…
The best feel-good movies on Netflix right now include some animated movies that rank among the best of 2023, as well as a late addition to the streaming service at the close of the year. While the latest iteration of Chicken Run hit the streaming service directly, The Super Mario Bros. Movie needed to wind its way through movie theaters and another streaming service before finally reaching Netflix. We didn’t rescue Princess Peach, but we did sort through the best feel-good movies on Netflix and we feel good about our list below. If this isn’t what you’re looking for, check…
Pakistani expats living and working in the UAE can now obtain a power of attorney from the comfort of their homes. The process has been streamlined, allowing expats from the South Asian country to receive a digital power of attorney, eliminating the need for them to visit Pakistan’s embassy. This development, introduced by Pakistan’s National Database and Registration Authority (Nadra), facilitates a more accessible and efficient means for expats to manage legal matters without requiring in-person visits. Around 1.7 million Pakistani expats live in the UAE, the second largest group of foreign workers in the Emirates. This facility by Nadra…