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The National
07-04-2025
- Business
- The National
Cartoon for April 7, 2025
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAdam%20Wingard%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EBrian%20Tyree%20Henry%2C%20Rebecca%20Hall%2C%20Dan%20Stevens%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A 6.30pm: The Madjani Stakes Listed (PA) | Dh175,000 | 1,900m 7.05pm: Maiden for 2-year-old fillies (TB) | Dh165,000 | 1,400m 7.40pm: The Dubai Creek Mile Listed (TB) | Dh265,000 | 1,600m 8.15pm: Maiden for 2-year-old colts (TB) | Dh165,000 | 1,600m 8.50pm: The Entisar Listed (TB) | Dh265,000 | 2,000m 9.25pm: Handicap (TB) | Dh190,000 | 1,200m 10pm: Handicap (TB) | Dh190,000 | 1,600m. SMEs in the UAE are defined by the number of employees, annual turnover and sector. For example, a 'small company' in the services industry has six to 50 employees with a turnover of more than Dh2 million up to Dh20m, while in the manufacturing industry the requirements are 10 to 100 employees with a turnover of more than Dh3m up to Dh50m, according to Dubai SME, an agency of the Department of Economic Development. A 'medium-sized company' can either have staff of 51 to 200 employees or 101 to 250 employees, and a turnover less than or equal to Dh200m or Dh250m, again depending on whether the business is in the trading, manufacturing or services sectors. %3Cp%3E%3Cstrong%3EDirector%3A%C2%A0%3C%2Fstrong%3EMeshal%20Al%20Jaser%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3EAdwa%20Bader%2C%20Yazeed%20Almajyul%2C%20Khalid%20Bin%20Shaddad%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A Name: Peter Dicce Title: Assistant dean of students and director of athletics Favourite sport: soccer Favourite team: Bayern Munich Favourite player: Franz Beckenbauer Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates %3Cp%3EDirector%3A%20Khalid%20Fahad%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Shaima%20Al%20Tayeb%2C%20Wafa%20Muhamad%2C%20Hamss%20Bandar%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A Stage 5: 1. Jonas Vingegaard (DEN) Team Jumbo-Visma 04:19:08 2. Tadej Pogacar (SLO) UAE Team Emirates 00:00:03 3. Adam Yates (GBR) Ineos Grenadiers 4. Sergio Higuita (COL) EF Education-Nippo 00:00:05 5. Joao Almeida (POR) Deceuninck-QuickStep 00:00:06 General Classification: 1. Tadej Pogacar (SLO) UAE Team Emirates 17:09:26 2. Adam Yates (GBR) Ineos Grenadiers 00:00:45 3. Joao Almeida (POR) Deceuninck-QuickStep 00:01:12 4. Chris Harper (AUS) Team Jumbo-Visma 00:01:54 5. Neilson Powless (USA) EF Education-Nippo 00:01:56 Hobby: "It is not really a hobby but I am very curious person. I love reading and spend hours on research." Favourite author: Malcom Gladwell Favourite travel destination: "Antigua in the Caribbean because I have emotional attachment to it. It is where I got married." Date started: 2015 Founder: John Tsioris and Ioanna Angelidaki Based: Dubai Sector: Online grocery delivery Staff: 200 Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends Price, base / as tested: Dh155,000 / Dh205,000 Engine: 3.3-litre, turbocharged V6 Gearbox: Eight-speed automatic Power: 370hp @ 6,000rpm Torque: 510Nm @ 1,300rpm Fuel economy, combined: 10.6L / 100km 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 Saturday AC Milan v Sampdoria (2.30pm kick-off UAE) Atalanta v Udinese (5pm) Benevento v Parma (5pm) Cagliari v Hellas Verona (5pm) Genoa v Fiorentina (5pm) Lazio v Spezia (5pm) Napoli v Crotone (5pm) Sassuolo v Roma (5pm) Torino v Juventus (8pm) Bologna v Inter Milan (10.45pm) Engine: Dual-motor all-wheel-drive electric Range: Up to 610km Power: 905hp Torque: 985Nm Price: From Dh439,000 Available: Now %3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ELong-range%20dual%20motor%20with%20400V%20battery%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E360kW%20%2F%20483bhp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E840Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%3Cbr%3E%3Cstrong%3EMax%20touring%20range%3A%3C%2Fstrong%3E%20628km%3Cbr%3E%3Cstrong%3E0-100km%2Fh%3A%3C%2Fstrong%3E%204.7sec%3Cbr%3E%3Cstrong%3ETop%20speed%3A%3C%2Fstrong%3E%20210kph%20%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh360%2C000%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ESeptember%3Cbr%3E%3C%2Fp%3E%0A %3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Adil%20El%20Arbi%20and%20Bilall%20Fallah%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EWill%20Smith%2C%20Martin%20Lawrence%2C%20Joe%20Pantoliano%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A Director: Jared Hess Starring: Jack Black, Jennifer Coolidge, Jason Momoa Rating: 3/5 Date started: Okadoc, 2018 Founder/CEO: Fodhil Benturquia Based: Dubai, UAE Sector: Healthcare Size: (employees/revenue) 40 staff; undisclosed revenues recording 'double-digit' monthly growth Funding stage: Series B fundraising round to conclude in February Investors: Undisclosed %3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Yabi%20by%20Souqalmal%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMay%202022%2C%20launched%20June%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EAmbareen%20Musa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInitial%20investment%3A%20u%3C%2Fstrong%3Endisclosed%20but%20soon%20to%20be%20announced%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E12%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eseed%C2%A0%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EShuaa%20Capital%3C%2Fp%3E%0A Range Rover Sport Autobiography Dynamic Engine: 5.0-litre supercharged V8 Transmission: six-speed manual Power: 518bhp Torque: 625Nm Speed: 0-100kmh 5.3 seconds Price: Dh633,435 On sale: now 1 Adam Yates (GBR) Mitchelton-Scott 4:42:33 2 Tadej Pocagar (SLO) UAE Team Emirates 0:01:03 3 Alexey Lutsenko (KAZ) Astana 0:01:30 4 David Gaudu (FRA) Groupama-FDJ 5 Rafal Majka (POL) Bora-Hansgrohe 6 Diego Ulissi (ITA) UAE Team Emirates 0:01:56 General Classification after Stage 3: 1 Adam Yates (GBR) Mitchelton-Scott 12:30:02 2 Tadej Pocagar (SLO) UAE Team Emirates 0:01:07 3 Alexey Lutsenko (KAZ) Astana 0:01:35 4 David Gaudu (FRA) Groupama-FDJ 0:01:40 5 Rafal Majka (POL) Bora-Hansgrohe 6 Wilco Kelderman (NED) Team Sunweb) 0:02:06
The National
28-02-2025
- Automotive
- The National
Dubai's parking operator's revenue jumps as fines surge
Dubai's parking operator has announced that its revenue has jumped by nearly a third due to a major increase in the number of fines issued in the last three months of 2024. Parkin, set up in January last year to manage parking in the emirate, revealed that it levied around 509,000 fines in the final quarter of 2024, 60 per cent up on the 317,400 fines handed out in the last three months of 2023. The amount levied in fines rose to Dh77 million in the final quarter of 2024, up from the same three months in 2023, when the figure was Dh44.8 million. The increase was partly the result, the company said, of 'technology-based improvements to our enforcement framework'. Vital to this is the fleet of smart inspection scan cars run by Parkin, which operates more than 90 per cent of Dubai's on and off-street paid parking, both in public areas and in car parks owned by developers. By the end of last year the fleet had grown to 25 vehicles. 'These vehicles have expanded the company's ability to undertake enforcement across new areas and with higher accuracy, reducing reliance on physical inspections,' Parkin said in a statement. During the last quarter of 2024 the fleet scanned 6.9 million registration plates, which is up 53 per cent on the last three months of 2023, when 4.5 million were scanned. In the whole of 2024 Parkin issued about 1.67 million individual fines, 33 per cent up on 2023's total of around 1.26 million. Last year fines totalled Dh249.1 million, a 37 per cent rise on 2023's total of Dh181.3 million. While more fines were levied, the number of unpaid fines went up faster, with the collection rate falling from 97 per cent from October to December 2023 to 85 per cent during the same months in 2024. 'The collection rate was lower during the period because of an increase in the volume and quantum of fines,' the company stated. Parkin revealed that its total revenue in the last three months of 2024 reached a record Dh265 million, up 30 per cent on the same period in 2023. Net profits rose 13 per cent to Dh120 million and the number of parking transactions went up 16 per cent to 36.9 million. The company added about 10,400 spaces in total, taking the total number in public and developer-owned locations to 206,400, a four per cent increase on a year earlier. Utilisation of spaces went up 2.4 percentage points to 28.3 per cent. As previously announced, variable parking tariffs will be introduced from April for peak and off-peak tariffs in all public parking zones. A Dh6 hourly fee will be levied from 8am to 10am and from 4pm to 8pm in premium spaces, while for standard spaces the charge will be Dh4 per hour. An exception will be made for public holidays. Parking charges in Dubai apply from 8am to 10pm. Earlier this month, Parkin introduced a dynamic pricing policy with motorists charged Dh25 per hour in areas with heavy traffic during major events. The company recommends public transport when attending events such as concerts, festivals, exhibitions and conferences. Ahmed Bahrozyan, Parkin's chairman, said that in the firm's first year as a publicly listed company it had 'made remarkable progress to meet its financial, strategic and social ambitions'. 'With our city's accelerating economic growth, population expansion and record tourism in 2024, I am confident in Parkin's future outlook and our ability to deliver another strong performance in 2025,' he said. Although set up to oversee Dubai's parking operations, Parkin signed an initial agreement in December to expand operations into Saudi Arabia. Marcus Enoch, professor of transport strategy at Loughborough University in the UK, said variable charges could manage congestion, ideally alongside road pricing strategies of the kind Dubai also has. 'If you charge more in the peak and less in the off-peak, some people might shift their time of travel,' he said. 'That should help manage congestion. Or some people might change their destination: instead of going to one shopping centre with a high charge, they might go to a different shopping centre that's further out because the parking is cheaper.' He also said that in societies where people on very modest incomes travel by public transport rather than by car, parking charges could be seen as being progressive, because they potentially discourage some car use. In many countries, he said, motorists do not pay the full cost that driving imposes on society, such as expenditure on building and maintaining roads, or taking into account the pollution that car travel generates. Car parking charges may, he indicated, mean that drivers pay more of the real-world costs of owning and using a car, and could reduce the number of trips made. He also said that car parking charges were often an important source of revenue and sometimes funded the costs of enforcing parking regulations. 'There's quite a body of work that talks about the fact that car transport is underpriced,' he added.
