AJMAN // Unpaved, pot-holed and poorly maintained roads in Ajman are to have a Dh70 million upgrade.
The work will concentrate on Al Nuaimia, where drivers complain the roads are so bad their cars are being damaged.
“This project is going to develop three internal roads, which are Kuwait Street, College Street and Ajman Ring Street, with a length about 7km in Al Nuaimia. It includes expanding and re-paving streets, providing them with a network of rainwater drainage and organising parking and sidewalks,” according to a report by Ajman Municipality.
Drivers say the upgrade is badly needed. “The streets of some areas like Al Rawda, Al Hamidiya and Al Nuaimia are neglected. In Al Nuaimia you can’t drive at more than 50kph,” said Ahmad Al Akhras, a mechanical engineering student at American University of Sharjah.
“Three days ago I changed the engine mounts and the gears of my car because they were damaged by the roads. It cost me about Dh4,000.”
Mohammed Ismail, 25, a Palestinian civil engineer, lived in Al Nuaimia for 12 years but moved because of the condition of the roads, particularly around residential buildings.
“Four years ago the oil pipeline was cut from the underside of my car because of this problem. It cost me about Dh1,500 to fix.”
Mr Ismail said money being spent by the municipality and the federal Government on main roads leading to Ajman would be better spent on repairing internal roads.
“From when I first lived there until now, the streets of the area are still the same, so the Government has to repair them, especially the internal roads.”
However, not everyone has an issue with the condition of the roads and some claim the uneven surfaces are a problem only if you don’t know how to drive on them.
“The government is fixing the damaged roads step by step and I personally don’t face any problem,” said Yousef Sehwail, 26, a Jordanian expatriate who has lived in Ajman for 15 years.
“When I compare the roads of Ajman with Sharjah, I find that Ajman is better because it has no roundabouts and traffic signals that lead to traffic jams.
“I adapted to the roads. The residents who have lived here for years know how to handle the car, but visitors are not used to driving on these streets so you find they drive very slowly.
“In general, the broken roads are not comfortable, but they don’t badly affect the car if the driver drives slowly and carefully.”
newsdesk@thenational.ae
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Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
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Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.
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What should do investors do now?
What does the S&P 500's new all-time high mean for the average investor?
Should I be euphoric?
No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.
So what happened?
It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.
"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."
Should I buy? Should I sell?
Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.
"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.
All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.
Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.
Will the rally last?
No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.
"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."
The specs: 2019 Audi A7 Sportback
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The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.
It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.
The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.
Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
