UAE Exchange and MasterCard have launched a prepaid card that can be loaded with six currencies, making travel easier. Karoly Arvai / Reuters
UAE Exchange and MasterCard have launched a prepaid card that can be loaded with six currencies, making travel easier. Karoly Arvai / Reuters

Six-currency card gives travellers more freedom



Just in time for the holiday break, UAE Exchange has tied up with MasterCard to launch the region's first six-currency prepaid travel card that protects users from exchange-rate fluctuations.

The card, called gocash, has a basket of 15 currencies to choose from, including the US dollar, Australian dollar, British pound, Thai baht, Swiss franc, Indian rupee and Saudi Arabia riyal.

Promoth Manghat, the vice president of global operations at UAE Exchange, says one of the advantages of gocash is the exchange-rate lock facility, which allows customers to peg the rate at the prevalent market price at the time of loading the card.

"This feature protects the user from exchange-rate fluctuations while on the move and gives the traveller peace of mind," he says.

"Choice of currencies, security features and worldwide acceptance add to the convenience, making gocash a unique innovation from the UAE Exchange stable."

The gocash card can be used across 34.3 million MasterCard-enabled merchant locations and 1.5 million bank ATMs around the world. It can also be used for online purchases.

"We have kick-started a revolution in world travel," says Y Sudhir Kumar Shetty, the chief operating officer of global operations at UAE Exchange.

"This new innovation is in line with our vision to bring as much convenience for our customers as possible under one roof."

For details, or to apply for a gocash card, go to www.uaeexchange.com.

***

Standard Chartered has launched an Islamic version of its online banking platform Straight2Bank.

The London and Hong Kong-listed lender says the platform provides a secure online portal that is compliant with Sharia law.

Afaq Khan, the chief executive of Standard Chartered Saadiq, the bank's Islamic banking arm, says the introduction of a Sharia-compliant Straight2Bank allows the bank's Islamic clients to manage their cash and trade portfolios electronically.

Straight2Bank is available to all clients, including small-to-medium enterprises, in the UAE, Bangladesh, Bahrain, Pakistan and Malaysia.

Go to www.standardchartered.com for more information.

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

FIGHT CARD

Fights start from 6pm Friday, January 31

Catchweight 82kg
Piotr Kuberski (POL) v Ahmed Saeb (IRQ)

Women’s bantamweight
Cornelia Holm (SWE) v Corinne Laframboise (CAN)

Welterweight
Omar Hussein (JOR) v Vitalii Stoian (UKR)

Welterweight
Josh Togo (LEB) v Ali Dyusenov (UZB)

Flyweight
Isaac Pimentel (BRA) v Delfin Nawen (PHI)

Catchweight 80kg​​​​​​​
Seb Eubank (GBR) v Mohamed El Mokadem (EGY)

Lightweight
Mohammad Yahya (UAE) v Ramadan Noaman (EGY)

Lightweight
Alan Omer (GER) v Reydon Romero (PHI)

Welterweight
Ahmed Labban (LEB) v Juho Valamaa (FIN)

Featherweight
Elias Boudegzdame (ALG) v Austin Arnett (USA)

Super heavyweight
Roman Wehbe (LEB) v Maciej Sosnowski (POL)

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Walls

Louis Tomlinson

3 out of 5 stars

(Syco Music/Arista Records)

Company%20Profile
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The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now