Analysis Real Estate Sanctions won’t dampen Dubai property allure for Russians The popularity of Dubai among Russian property buyers is unlikely to be dented by a US threat to impose sanctions on UAE banks who process their financial transactions, as most payments are made using cash or cryptocurrency. Dubai-based Mira Estate said its property sales to customers from Russia and the 11 other Commonwealth of Independent […] July 8, 2022
How I got to the top Manufacturing Ziad Bushnaq and Faisal Al Majali, Delektia founders What does your company do? We are a UAE-based food product development company that produces frozen, fully-cooked, and ready-to-heat-and-eat meals that are healthy and free of preservatives. We like to think our product line gives consumers a taste of home. How I got to the top: Erika Blazeviciute Doyle, Drink Dry How I got to […] July 8, 2022
Employment Tech workers reap big salaries amid urgent skill shortage Dubai-based software engineers can earn up to 30 percent more than similar workers in rival tech hubs in Europe, due to an ongoing skills shortage within the sector across the Middle East. Amanda Line, a partner at global consultancy firm PwC, said that the Middle East and North Africa (MENA) region needs to create 300 […] July 7, 2022
Exclusive Aviation Emirates chief: ‘We’re almost back to normal’ Dubai airline still needs 5,000 more staff and 900 pilots, says COO Dubai’s Emirates airlines will splash $2 billion on new hires and aircraft upgrades as demand for flights ramps up, a top executive has revealed. Aviation was among the worst hit sectors during the global pandemic as international borders shuttered during lockdowns. In 2020 […] July 6, 2022
Exclusive Food & Drink $500-an-hour sobriety coach helps Dubai’s big drinkers Dubai’s work-hard, play-hard expat party lifestyle, and its famous all-you-can-drink weekend brunches can be the perfect breeding ground for potential alcoholics, according to the founder of a new $500-an-hour sober coaching service. British sober and recovery coach, David Golding, relocated to Dubai nearly four months ago and has launched Sober Lifestyle Coaching, a 13-week recovery […] July 1, 2022
How I got to the top Real Estate Mamad Kashani Akhavan, CEO, Powerhouse Real Estate What does your company do? We’re aiming to reinvent real estate by educating brokers and expanding their knowledge in the field. We’ve implemented a simple training programme for each new joiner to ensure their quality of performance in the market. Once they’re released into what we call “the sales floor”, they’re ready to enter the […] July 1, 2022
Dubai to open 50 commercial offices around the world Dubai is planning to open 50 commercial representative offices around the world as part of its goal to transform the emirate into a truly global trading hub and double its economy in the next five years. The new Dubai Global initiative, launched yesterday, aims to help Dubai-based companies scale up globally and provide them with […] June 29, 2022
Opinion Food & Drink Being Michelin rated is more than just an accolade Dubai's fine diners are not the only people to benefit from Michelin star quality June 29, 2022
Banking & Finance ‘Embrace digital, don’t just change the cushions’ says official Dubai’s biggest companies must embrace digital transformation as a way to advance the financial sector, instead of joining the “innovation theatre”, according to a government official. Hamad Buamim, president and chief executive of Dubai Chamber of Commerce, said large organisations, especially banks, need to steer clear of superficial efforts if they are truly to make […] June 29, 2022
DP World port deal set to boost UAE’s trade with Romania Dubai’s DP World has signed a deal to develop infrastructure at the Black Sea port of Constanta, in a move designed to boost bilateral trade relations between Romania and the UAE. The agreement between the Romanian government, Dubai’s Ports, Customs and Free Zone Corporation (PCFC) and port operator DP World will also expand cooperation in […] June 29, 2022
Exclusive Real Estate Damac set to splurge on jewellers and real estate across Europe Dubai developer Damac is looking at projects in Germany and Copenhagen, as well as more partnerships with fashion brands, says senior VP June 29, 2022
Banking & Finance Dubai’s TECOM raises $463m from IPO Dubai business park operator TECOM Group said today it had raised 1.7 billion dirhams ($463 million) from investors via its initial public offering. The company, which is owned by the investment vehicle of Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum, announced on June 8 that it would sell a 12.5 percent stake by offering […] June 27, 2022
Dubai takes roadshow to Africa, India and Europe to court startups Dubai Chamber for Digital Economy has launched a new roadshow series in Africa to attract global startups to the city, with plans to expand the initiative to India and Europe. The first roadshow took place in Ethiopia and Kenya where a delegation from the Chamber met with 20 promising African scaleups specialising in advanced technologies […] June 27, 2022
Analysis Business of Sport The pros (and cons) of big stars backing your business As French footballer Paul Pogba becomes an angel investor and brand ambassador for Islamic fintech Wahed, we look at the benefits and pitfalls of celebrities from David Beckham to Jay-Z teaming up with brands When global Islamic fintech Wahed announced its latest list of investors, Paul Pogba, the Manchester United and French international footballer, stood […] June 25, 2022
Lifestyle How I got to the top: Heidi Shara, CEO and founder of Wear That What does your company do? Wear That is a digital platform that creates personalised looks for women to try on before they buy in the comfort of their own home, with a real-life personal stylist. What inspired you to develop your idea? Having styled thousands of women all over the world in both luxury and […] June 24, 2022
Opinion New savings scheme could halt spend now, worry later culture Mindsets need to change if retirees are to enjoy their later years June 22, 2022
Real Estate Dubai ‘repivots’ city centre as Business Bay prices soar Dubai is witnessing a “repivoting” of its city centre, with residential prices soaring in Business Bay, according to analysts. Values in Business Bay have risen by nearly 17 percent in the last two years, pointing to the redefining of Dubai’s centre, said global property consultant, Knight Frank, in a new research note. The wider Central […] June 21, 2022
Energy UAE ‘at forefront’ of global climate fight after new $50bn pledge The UAE is now at the forefront of the global fight against climate change after President Sheikh Mohamed bin Zayed Al Nahyan pledged an extra $50 billion investment over the next decade. That’s the view of Mariam bint Mohammed Almheiri, the country’s Minister of Climate Change and the Environment, following the UAE President’s commitment announced […] June 18, 2022
Lifestyle Poor us: Dubai’s richest suffer 19% increase in cost of living A report this week found that the UAE is expected to gain an extra 4,000 millionaires this year, but another study reveals that the cost of living for Dubai’s wealthiest rose 19 percent in the past 12 months. The Henley Global Citizens Report forecast that the UAE would see 4,000 high net worth individuals or […] June 17, 2022
Aviation 58 million travellers expected at Dubai airport in 2022 Dubai International Airport (DXB) is set to serve over 58 million passengers this year, more than double the amount in 2021, as the UAE’s aviation sector continues to rebound from the impact of the global coronavirus pandemic. The figure was revealed by Sheikh Ahmed bin Saeed Al Maktoum, president of Dubai Civil Aviation Authority, chairman […] June 16, 2022
