A round-up of the day’s most important business stories, providing local content and context on the international issues that matter.
Majid Al Futtaim ties up with Parkin
Majid Al Futtaim is bringing parking from Parkin into its malls - we get the details with Khalifa Bin Braik, CEO at Majid Al Futtaim Asset Management. Plus, as Gold trades close to record highs, veteran gold trader Jeff Rhodes joins us live. And, Knight Frank expects Riyadh's population to increase by nearly 40% by 2030. What will that mean for the city's real estate? We speak to economist Dr Chris Payne.See omnystudio.com/listener for privacy information.
10/24/2024 • 26 minutes, 47 seconds
Is Dubai’s property bubble about to burst?
Economist Daniel Richards joins us live with a tale of two summits: IMF in Washington and BRICS in Russia. We also speak to the woman behind a real estate startup that has just raised 10 million in seed funding - Amira Sajwani. And, we're buying more affordable homes, says Valustrat but has what you’re getting for your money changed? We speak to their head of research Haider Tuami. Plus, as Goldman Sachs warns that US stock markets are set for a slowdown, veteran investor Gary Dugan reveals his long-term strategy.See omnystudio.com/listener for privacy information.
10/23/2024 • 35 minutes, 2 seconds
Lulu supermarket experiments with an autonomous store format
We have the latest on the BRICS Summit in Russia today where UAE President His Highness Sheikh Mohamed will meet with several world leaders - China’s Xi Xinping and India’s Narendra Modi are among the delegates. We also speak to the CEO of Lulu Retail about the hypermarket group's hotly anticipated IPO. And, we get the inside story on our home for the week, with Faisal Jassem of Dubai CommerCity. Plus, we’re talking Cypto as bitcoin hit a three-month high in early Asia trading on Monday.See omnystudio.com/listener for privacy information.
10/22/2024 • 31 minutes, 12 seconds
Lulu launches long awaited IPO
We cross live to Washington DC, with Economist Rudolph Loymeyer - he explains why Dubai has FALLEN in a ranking of the world’s top cities. Plus, we speak to Sameer Lakhani about the upcoming LuLu IPO. And, as sales transactions hit record highs in Dubai’s property market - we speak to Zhann Jochinke of Property Monitor.See omnystudio.com/listener for privacy information.
10/21/2024 • 28 minutes, 12 seconds
'Entertainer' could eventually go public, says founder.
18 Oct 2024. As ECB cuts rates for the third time, we look at whether the inflation genie is back in the bottle with Ed Bell of Emirates NBD. We also speak to serial entrepreneur Donna Benton of the Entertainer on being a good negotiator and whether an IPO could be on the horizon. Plus, it's Gitex - we find out how virtual reality headsets are changing Dubai's property landscape. And, we find out how Microsoft and its partners are set to contribute over 74 billion-dollars to the UAE economy with market intelligence firm - IDC.See omnystudio.com/listener for privacy information.
10/18/2024 • 28 minutes, 5 seconds
Dubai's property buyers are changing.
17 Oct 2024. It's Gitex and we're looking at Dubai's booming demand for businesses to buy and rent robots. We also speak to Abhi CEO Omar Ansari about their new round of credit funding. Plus, we get a sneak peak at the next phase of AI with the CEO of Google-spinout, SandboxAQ. And, we speak to the guys from Espace Real Estate about what their Q3 numbers tell us about Dubai's property market. See omnystudio.com/listener for privacy information.
10/17/2024 • 28 minutes, 22 seconds
Second Sphere Venue Coming to Abu Dhabi.
16 Oct 2024. Abu Dhabi has confirmed plans for a ‘Sphere’ music venue. It’s signed a deal with the company that owns the $2 billion Las Vegas Sphere, which opened in 2022 with a residency by U2. We'll discuss that and what it means for the UAE. Plus, it's Gitex week and we've been speaking to a small army of CEO's this morning including Abu Dhabi tech heavyweight - the CEO of AI firm Presight, Thomas Pramotedham. As well as Richard Waind, CEO, Betterhomes who reveals their latest price record for a rental property in Dubai. We also talk aviation with the COO of Emirates: Adel Al Redha on Boeing delays, record profit margins, and lessons from the April floods.See omnystudio.com/listener for privacy information.
10/16/2024 • 32 minutes, 31 seconds
Dubai’s Trade Centre Roundabout is set for a major overhaul.
15 Oct 2024. We speak to Director of Roads at the RTA, Hamad Al Shehhi – who reveals details about their latest plan for Trade Centre roundabout which aims to ease the congestion. Plus, as Dubai's housing boom turns into a renovation boom, we speak to contractors direct about the business of getting things done. And, we're looking at the chemical industry and how it can achieve a net-zero future with the 'Global Impact Coalition'.See omnystudio.com/listener for privacy information.
10/15/2024 • 42 minutes, 48 seconds
DP World’s 1-billion-pound UK investment is reportedly back on.
14 Oct 2024. DP World’s GBP1 billion investment in the UK seems to be going ahead. So, how important economically is the UK as a destination for UAE investment? On the first day of Gitex, we speak to Microsoft about its billion dollar investment in G42 and their plan to work on 'responsible AI'. Plus, Boeing is set to axe their workforce by cutting 17,000 jobs as well as delaying production - we find out what it means for us here in the UAE with aviation expert, Ajay Awataney. And, as Tata Trusts appoints their new chairperson following the death of Tycoon Ratan Tata, we look at new laws for family businesses here in the UAE. See omnystudio.com/listener for privacy information.
10/14/2024 • 31 minutes, 3 seconds
Could Elon's "We Robot" launch work in the UAE?
11 Oct 2024. We have the latest from Elon Musks robot taxi launch event in California where he has also unveiled human-sized robots called "Optimus robot". We also speak to Trefor Murphy the boss of Cooper Fitch - he has been measuring job creation in the UAE and Saudi. Plus, we speak to Dr Saeeda Jaffar of Visa to get her take on the new move by the UAE to get more women on boards. And, we preview the UAE sporting season, with music acts like Stormzy getting top billing alongside golfers such as Rory McLlroy.See omnystudio.com/listener for privacy information.
10/11/2024 • 39 minutes, 5 seconds
Dubai's new cashless society strategy.
10 Oct 2024. We discuss Dubai’s new strategy that would see 90 per cent of all transactions be cashless by 2026. We also look at ticket prices on the back of our discussion about air fares and profits yesterday - industry body IATA breaks it down for us. Plus, as the US government seeks the break-up of the world’s biggest search engine, Google, we speak to UAE law firm Afridi & Angell. And, we speak to the new Dubai boss of Binance, the world’s biggest crypto exchange: Stephanie Emile.See omnystudio.com/listener for privacy information.
10/10/2024 • 33 minutes, 34 seconds
Travel prices to surge 11% for winter holidays.
09 Oct 2024. We've got the latest on the UAE federal budget and what it means for Dubai. We also speak to online travel shop Wego about why travel prices have surged for winter holidays and if there's any way to get around it. Plus, we speak to Sovereign Wealth guru Diego Lopez about Abu Dhabi’s rainy-day fund: all $1.7 trillion of it. And, we speak to Etihad Airways as they plan to double their fleet by 2030. See omnystudio.com/listener for privacy information.
10/9/2024 • 30 minutes, 13 seconds
Funding for regional tech start-ups falls.
08 Oct 2024. As Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai unveils a project to boost the country's agriculture sector and help address food security issues, we speak to Mark Tester, Professor at KAUST + co-founder of Red Sea Farms LLC. Plus, as startups in the UAE see a boom in early stage investment, we speak to Philip Bahoshy of research firm Magnitt. And, we speak to the boss of one of fastest growing low-cost airlines in the Middle East - Steven Greenway, CEO, flyadeal.See omnystudio.com/listener for privacy information.
10/8/2024 • 30 minutes, 52 seconds
Why is the UAE such an important market for weight loss drugs?
07 Oct 2024. We speak to the man who makes Mounjaro, Ilya Yuffa, President of Eli Lilly’s global operations, who explains why the UAE is such an important market for weight-loss drugs, partly due to the high rate of diabetes and obesity. Plus, as Taaleem sees enrolment in their schools increase by 33%, we speak to CEO Alan Williamson about their expansion plans and what it means for education in the UAE. And, as the UAE offers tax breaks to crypto traders and money managers, we ask tax expert Thomas Vanhee: what about the rest of us? See omnystudio.com/listener for privacy information.
10/7/2024 • 37 minutes, 55 seconds
Flying taxis in Dubai
04 Oct 2024. Flying taxis in Dubai moved a step closer, after Parkin signed a deal with European company Skyports to build take-off and landing zones. We speak to the man building the take-off and landing zones in Dubai - Daniel O’Neil of Skyports. Plus, it's Zurich's Blue Sofa on the Business Breakfast with the Director of Urban Planning at Dubai Development Authority - Ahmed Bukhash, we discuss about the city's physical development. And, OpenAI secures a massive $6.6 billion investment, potentially boosting its value to $157 billion. We’ll explore how this positions them among the world’s top private companies with Sachin Dev Duggal, Founder & Chief Wizard, Builder.ai.See omnystudio.com/listener for privacy information.
10/4/2024 • 36 minutes, 20 seconds
The UAE economy saw the weakest expansion in three years last month
03 Oct 2024. That's according to the latest S&P Purchasing Managers Index, with a reading of 53.8. We crunch those numbers with economist, Ed Bell of Emirates NBD. Plus, with travel disruption across the region, we speak to aviation expert Vinamra Longani about the logistics and costs of cancelled flights. And, there's a massive port workers strike in the US - what could that mean for us? We speak to the editor of Ship and Bunker. See omnystudio.com/listener for privacy information.
10/3/2024 • 32 minutes, 49 seconds
What's happening to oil amidst regional conflict?
02 Oct 2024. As oil jumps several dollars following a sharp escalation in regional conflict - we have analysis from Ed Bell of Emirates NBD. We also speak to the man who’s just raised Dhs700 million, by selling an office block in Dubai Internet City - the CEO of Emirates REIT joins us live. Plus, as part of our new "Made in the UAE" series we hear from one scientist who is keen to manufacture here in Dubai and why. And, Dubai's first ever Chipotle opens today - we speak to AlShaya Group CEO, John Hadden.See omnystudio.com/listener for privacy information.
10/2/2024 • 32 minutes, 37 seconds
UAE petrol prices at two and a half year low
01 Oct 2024. On the back of our petrol price drop, we find out more about what shapes fuel pricing with oil economist Paul Hickin, live from Fujairah and Ed Bell, Senior Director, Emirates NBD. Plus, as global car makers issue a series of warnings of slow sales - we speak to Sebastian Fuchs, Managing Director, AutoData Middle East. We also speak to the CEO of ADNH Catering, as they announce plans for an Abu Dhabi IPO. And, on international coffee day we kick off our new series of interviews - from the lounge at Raw Coffee. See omnystudio.com/listener for privacy information.
10/1/2024 • 36 minutes, 25 seconds
It's nearly petrol price day - but when should we fill up?
30 Sept 2024. We preview tonight’s petrol price decision with oil expert Matt Stanley. Will lower crude prices make it cheaper to fill up YOUR car? And ADNH catering is set to offer 40% of shares in IPO - we get the latest with IPO watcher Sameer Lakhani. We also speak to the CEO of IKEA - how much more INGATORP could see in this region? Plus, we speak to Matthew White, CEO, VARA about their new marketing regulations. And, we speak to PWC about how AI is changing the legal industry. See omnystudio.com/listener for privacy information.
9/30/2024 • 30 minutes, 21 seconds
UAE Central Bank expects the country to see stronger economic growth this year
27 Sept 2024. We cross live to Wellington to discuss the UAE- NEW Zealand CEPA that's just been agreed with New Zealand Trade Minister Todd McClay. Plus, as Abu Dhabi's hotels hike prices by 375% for the Coldplay concert - we'll ask a hotelier if it's fair! And, we talk the economics of cricket, with West Indies batting legend Richie Richardson. See omnystudio.com/listener for privacy information.
9/27/2024 • 32 minutes, 41 seconds
Could UAE based Agtech 'Pure Harvest Smart farms' be going public?
26 Sept 2024. We look at why Dubai agri-farmer Sky Kurtz wants another hundred thousand dollars and whether going public could be on the horizon. We also catch up with PR supremo Sunil John about his new gig. Plus, we look at the office rental market with the team from Knight Frank - we find out what occupiers are looking for and what they're willing to pay for it. See omnystudio.com/listener for privacy information.
9/26/2024 • 37 minutes, 15 seconds
President Mohamed meets the CEOs of Microsoft and Nvidia
25 Sept 2024. President Mohamed meets the CEOs of Microsoft and Nvidia on his America trip - we cross live to Washington, for the latest on that US visit, with Afshin Molavi of Johns Hopkins University. And, we talk lanyard-nomics - asking an event organiser and a badge producer why we're still hanging a piece of paper in plastic round our necks in 2024. We also speak to the Dubai Department of Economy and Tourism about their latest collab with Amazon. And, we continue our ‘Made in the UAE’ series with a man who runs a chocolate factory in Dubai. Martin van Almsick of Al Nassma camel milk chocolate joins us in studio.See omnystudio.com/listener for privacy information.
9/25/2024 • 29 minutes, 51 seconds
Mega Expansion Plan of Expo City Exhibition Centre
24 Sept 2024. We look into the 10 billion dirham expansion plan that has been approved for the Dubai Exhibition Centre at Expo City Dubai -- which will ultimately make it the largest indoor exhibition space in the region with Natalie Crampton of TEC. We're also checking on the falling interest rate environment with Faisal Hasan of Al Mal Capital. And Sean Evers of Gulf Intelligence is helping us dig into the Oil prices increase on Monday. See omnystudio.com/listener for privacy information.
9/24/2024 • 30 minutes, 32 seconds
UAE President Sheikh Mohamed Bin Zayed Al Nahyan is set for a historic visit to the US
10 Sep 2024. We look at the visit of Sheikh Mohamed Bin Zayed Al Nahyan to the United States and the AI collaboration between the two nations as we chat with Sammy Bousaba, Chairman of AmCham Dubai. Plus the expert who coined the term presenteeism, Sir Cary Cooper of University of Manchester explains why he finds employers who expects staff back in the office as dinosaurs. And find out why more and more Dubai residents are opting to buy a property.See omnystudio.com/listener for privacy information.
9/23/2024 • 38 minutes, 44 seconds
New Iphone launch - too soon for Apple?
20 Sep 2024. The iPhone 16 goes on sale today, amid reports of weak demand, but shares fell Monday after a closely followed analyst warned that demand has been lower than expected. Is this a sign that the AI software just isn't ready? Tech analyst Richard Windsor joins us live. Plus, we look at whether some of this week's joint ventures and new companies actually herald IPOs. That's with market watcher Samer Lakhani. And, we discuss the UAE's move to ensure women sit on the boards of joint-stock companies with Dame Heather MacGregor.See omnystudio.com/listener for privacy information.
9/20/2024 • 30 minutes, 56 seconds
What does the FED decision mean for us here in the UAE?
19 Sep 2024. As the Fed – and UAE Central Bank – cut rates by half a percent, we find out what that big rate cut means for the UAE and what happens next with investor Keith Fitzgerald live from Seattle. We also look at what it means for Dubai property with John Lyons of Espace Real Estate. Plus, as Naomi Campbell moves into Dubai Hills Business Park, we look at how the office map is shifting with Bayti Real Estate. See omnystudio.com/listener for privacy information.
9/19/2024 • 33 minutes, 5 seconds
Does working from home mean low productivity?
18 Sep 2024. As Amazon orders workers back to the office five days a week, we dissect the pros and cons with Polly Williams of TishTash and John Butterworth of 10k Solutions. We also speak to recruitment boss David Mackenzie about what this means for talent attraction. Plus, as part of a new series we're looking at companies that make things right here in the UAE and we're kicking off with The Camel Soap Factory.See omnystudio.com/listener for privacy information.
9/18/2024 • 37 minutes, 38 seconds
Britain’s Warren Buffet launches in Dubai.
17 Sep 2024. We discuss the UAE's new investment campaign with actor Idris Elba and whether we could see a Lulu IPO launch by the end of next month. We also speak to the investor known as ‘Britain’s Warren Buffet’. Terry Smith manages 37 billion pounds and he’s just launched in Dubai. Plus, Oman has big IPO plans - including what could be the biggest energy offering of the year. And, we speak to Oman investment expert Loai Bataineh. And, we speak to the insurance company boss offering car insurance for flood damage – even for third-party drivers.See omnystudio.com/listener for privacy information.
9/17/2024 • 34 minutes, 37 seconds
When's the best time to book your winter holiday travel?
16 Sep 2024. Gold has set a new record- what's driving it and what impact will the Fed have this week? Dan Richards of Emirates NBD explains. Plus, Boeing workers are striking after rejecting a 25% pay rise- we speak to legal plane spotter Nick Humphrey about what this could mean for the end user. And, if you're looking to travel this holiday season, you might want to start planning now according to the chief business officer of Wego, Mamoun Hmidan. Finally, as the UAE gets more diverse education options, we speak to the woman opening the first Chinese early childhood centre.See omnystudio.com/listener for privacy information.
9/16/2024 • 27 minutes, 16 seconds
The rise in EV insurance premiums
13 Sep 2024. Big focus on EVs! We're hearing rumours of rising car insurance premiums, especially for EV's, we speak to Avinash Babur, CEO and Founder, InsuranceMarket.ae. Plus, shift gears with Sebastian Fuchs, Managing Director of Aut4oData Middle East, to discuss the electrifying 250% rise in EVs and the rapid growth of Chinese car brands in the region. And, we talk about the shift toward investing in local community healthcare with Claire Westbrook-Keir, General Manager of Aspen Medical, as they roll out six new clinics in areas of the UAE.See omnystudio.com/listener for privacy information.
9/13/2024 • 28 minutes, 43 seconds
Oil: How low can it go?
12 Sep 2024. We look at what's putting oil prices under pressure with oil broker Matt Stanley live from Singapore at APPEC 2024. And, as our IPO train continues to chug on, we ask market watcher Sameer Lakhani how retail investors decide which offerings to get involved in. Plus, as NMDC Energy begins trading on ADX we speak to NMDC Energy CEO, Ahmed Al Dhaheri, as shares surge. We also speak to Abu Dhabi based artificial intelligence and cloud company, G42, as it launches its Hindi large language model.See omnystudio.com/listener for privacy information.
9/12/2024 • 32 minutes, 42 seconds
Why are the homes we're buying getting smaller?
11 Sep 2024. It's presidential debate day- we cross live to the US to get analysis on the Donald Trump, Kamala Harris debate and what plans they each have for the economy. Plus, a new Valustrat report shows something interesting happening to the size of the homes we're buying - we speak to head of research Haider Tuaimi. And, we speak to Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC as they have opened a new Artificial Intelligence Centre in the heart of the freezone. See omnystudio.com/listener for privacy information.
9/11/2024 • 28 minutes, 46 seconds
New Apple products has been launched - is it still worth it?
10 Sep 2024. We look at Apple's big product launch, including the latest iPhone, with Abbas Jaffar Ali, Managing Director at Tbreak Media. Plus, the UAE economy grew just under 3 and a half per cent in Q1, we discuss the new numbers with economist Khatija Haque. And we discuss the US government's case against Google's ad tech monopoly and what it could mean for big tech, with Raymond Kisswamy, Partner at Davidson & Co and Head of International Trade, Digital Assets, and Start-ups.See omnystudio.com/listener for privacy information.
9/10/2024 • 31 minutes, 27 seconds
Human-centric communities likely to provide a higher ROI for stakeholders.
09 Sep 2024. As the US gets ready for its first presidential debate, we look at what the latest jobs numbers mean for candidates with Hart Hodges of Western Washington University. We also speak to Mohamad Al Bahar, Head of Business Management, at Wasl who explains the importance of designing self-contained communities equipped with amenities that residents need, with projects tailored for various income levels. And, we look at where Dubai and Abu Dhabi feature on a list of the world's most transparent real estate markets with regional JLL CEO James Allan.See omnystudio.com/listener for privacy information.
9/9/2024 • 25 minutes, 53 seconds
What's the timeline for Nissan's new patrol?
06 Sep 2024. We speak to the regional boss of Nissan, Thierry Sabbagh, about the launch of the new Nissan Patrol, why it's integral to the UAE and how long it could take to get one. Plus, we find out about the UAEs nationwide action plan aimed at combatting terrorism financing and money laundering. And, ahead of the Emirates Dubai 7s, we catch up with not one but two Rugby legends - Will Greenwood MBE and Matt Giteau.See omnystudio.com/listener for privacy information.
9/6/2024 • 30 minutes, 20 seconds
OPEC could delay production return.
05 Sep 2024. We get the latest on the broad US stock market sell off with veteran banker Gary Dugan. Plus, we speak to Radisson Hotel Group about what they expect to see in the busy four months until the end of the year, that's after a reported growth in H1 2024 with over 130 new hotel signings and openings across its global portfolio. And, energy analyst Amena Bakr joins us live, amid reports that OPEC is considering a U-turn on oil output amid falling prices. See omnystudio.com/listener for privacy information.
9/5/2024 • 31 minutes, 29 seconds
Stocks and oil plunge on international markets.
04 Sep 2024. We get analysis on that stock plunge with Monte Safieddine, Market Analyst, IG. Plus, reaction to the overnight oil price drop with Matt Stanley Head of Market Engagement, EMEA & APA, Kpler and Ed Bell, Chief Economist, Emirates NBD. And, as the demand of PA's and EA's sky rockets, we speak to Tracey Irwin, Founder & Managing Director, Irwin & Dow. We also speak to Megha Merani, Senior Editor, AGBI about India’s trade with the GCC which has fallen in the last year.See omnystudio.com/listener for privacy information.
9/4/2024 • 26 minutes, 19 seconds
What could Bahrain's new income tax mean for UAE companies?
03 Sep 2024. Sick of cold callers? We've got a lawyer to answer your questions on the new telemarketing rules, what can you do, what can't you do, and how can you stop them. That's with the team from Norton Rose Fulbright. Plus, we look at what Bahrain's new income tax could mean for the region - and UAE companies - with tax expert Shiv Mahalingham. And, we speak to the king of luxury, Chalhoub Group President Patrick Chalhoub about what's in store for retail during the winter months.See omnystudio.com/listener for privacy information.
9/3/2024 • 32 minutes, 51 seconds
Is there a right way to cold-call?
02 Sep 2024. We've got the latest on UAE Petrol prices with economist Ed Bell from Emirates NBD. And, winter is coming - we talk to Hazel Jackson, CEO, Biz Group about what to expect in the busy four months until the end of the year. Plus, as the management consulting bandwagon rolls back into action post-summer, Dr Noah Rafford looks at the good, the bad and the ugly of consulting. We also talk cold-calling with haus&haus- when is it OK to call, what are the right ways of going about it and how do you avoid penalties? See omnystudio.com/listener for privacy information.
9/2/2024 • 34 minutes, 8 seconds
The UAE launches a crackdown on cold calling sales agents
30 Aug 2024. The UAE has launched an SMS hotline to report rogue cold callers - with fines of up to Dh150,000 for companies that break the rules. We speak to H.E. Safeya Al Safi, Acting Assistant Undersecretary for Control and Commercial Governance Sector, Ministry of Economy. Plus, we look at NMDC Energy and Talabat IPO with market watcher Mohammed Ali Yasin. And we get reaction to Kamala Harris CNN interview with professor Adam Ramey of NYU Abu Dhabi.See omnystudio.com/listener for privacy information.
8/30/2024 • 31 minutes, 9 seconds
Salik ups earning guidance on new tollgates
29 Aug 2024. Salik has upped its earnings outlook ahead of two new toll gates set to go live before the end of November. It now expects to see 2024 revenue rise by as much as 8 per cent. Salik CEO Ibrahim Al Haddad has told the Business Breakfast. Plus, Nvidia profit jumps 151% as the AI boom continues. We speak to market analyst Josh Gilbert of eToro. And, we continue our 'Winter is Coming' feature with His Majesty’s Trade Commissioner for the Middle East and Pakistan, and Consul General to Dubai and the Northern Emirates, Oliver Christian. Discussing trade figures, opportunities for investors in the UAE, and the busy season ahead. See omnystudio.com/listener for privacy information.
8/29/2024 • 40 minutes, 23 seconds
Oasis is back!
28 Aug 2024. It's concert-nomics as the British rock legends have announced a 2025 reunion tour. We discuss the big news and the economic benefits of events like this with Thomas Ovesen, CEO of All Things Live Middle East. Plus, Majid Al Futtaim’s H1 2024 results shows revenue drop 6%. We discuss the result and check the current retail market with Matthew Green, Head of Research at CBRE MENA. And, continuing our Winter is coming series - looking at what's in store for the rest of the year for funding tech startups with PK Gulati.See omnystudio.com/listener for privacy information.
8/28/2024 • 34 minutes, 31 seconds
Dubai’s Red-Hot Luxury Housing Market Is Still a Bargain
27 Aug 2024. We continue our “Winter is Coming” series with one of Dubai’s most high-profile and high-earning broker, Firas Al Masadi, Founder and CEO, fäm Properties. Plus, back to School week continues, we find out how Careem is taking on the school bus business with the GM of Careem Rides. And, as Pavel Durov spends another night in a French jail, UAE media analyst Richard Windsor explains why Emmanuel Macron and Elon Musk are speaking out.See omnystudio.com/listener for privacy information.
8/27/2024 • 32 minutes, 42 seconds
The Business Breakfast Back to School Special
26 Aug 2024. Exclusive interview with CEOs of the country’s biggest operators: Dino Varkey of GEMS and Alan Williamson of Taaleem. Plus, higher education twist: the head of American University of Sharjah joins us live. And, Emirates Transport about what the growth of the city - both in geography and people - means for the school bus business. See omnystudio.com/listener for privacy information.
8/26/2024 • 39 minutes, 29 seconds
UAE’s Brands For Less to sell 35% stake to US-based TJX Companies
23 Aug 2024. We cross live to Jackson Hole ahead of Jay Powell's speech to find out what the economists are listening for. Plus, a new report from PWC suggests tens of billions of dollars of liquidity is stuck in the balance sheets of the region's listed companies - we'll find out more with Mo Farzadi, Business Restructuring Services Leader at PwC Middle East. And, talking the Dubai Dream with Brands for Less about their deal with TJ Maxx.See omnystudio.com/listener for privacy information.
8/23/2024 • 30 minutes, 38 seconds
Abu Dhabi gets residential rent index
22 Aug 2024. The Abu Dhabi Real Estate Centre (ADREC) - the regulatory authority for Abu Dhabi’s real estate sector, has officially launched the emirate’s first residential rental index to enhance market transparency. We find out why they need a rental index now with one capital-based real estate agent, Andrew Covill. Plus, on board with aviation expert Nick Humphrey, to discuss the latest stories taking flight in the industry. And, looking at the summer figure results and what the much anticipated first cut to interest rates by the Fed mean to real estate market with Espace Real Estate.See omnystudio.com/listener for privacy information.
8/22/2024 • 36 minutes, 12 seconds
GEMS boss calls for deregulated school fees
21 Aug 2024. That's according to Dino Varkey, Group CEO, GEMS Education. We get the reaction of education expert James Mullen, Managing Director, Which Media, Co-founder SchoolsCompared & WhichSchoolAdvisor. Plus, it's a summer of sport, and therefore a summer of sponsorship, we speak to one trademark and IP expert, Mark Delaney. And, we discuss how the right to switch off from work could boost productivity and economic growth, with insights from Organizational Psychologist Nathalie Spree.See omnystudio.com/listener for privacy information.
8/21/2024 • 32 minutes, 43 seconds
Saudi is set to invest a trillion dollars in infrastructure
20 Aug 2024. We find out where the money is coming from with Dr Christopher Payne of Knight Frank. Plus, would you sign up for ‘All you can fly’ unlimited flights for an annual fee? What’s not to like right? We hear from the boss of airline behind it - Wizz Air Abu Dhabi. And, InterContinental Dubai Festival City's revamped events centre aims to make the UAE a global MICE hub. Pranav Vohra from IHG Hotels tells us more.See omnystudio.com/listener for privacy information.
8/20/2024 • 32 minutes, 57 seconds
Gold reaches new all time high!
19 Aug 2024. Gold tops $2,500 for the first time as global stock markets extend rebound rally. We find out how high could it go with our gold expert, Jeff Rhodes. Plus, we cross to the US to check in on the latest in Kamala-nomics as the DNC gets ready to kick off today. And, we discuss what the record-breaking success of Disney’s ‘Deadpool & Wolverine’ mean for the entertainment industry with the Media & Entertainment Sector Leader at Strategy&, Karim Sarkis.See omnystudio.com/listener for privacy information.
8/19/2024 • 29 minutes, 43 seconds
Does recruitment rise post holiday?
16 Aug 2024. Will the end of the summer see a surge in people unhappily back in the office looking for new jobs? We asked recruiter Zachary Beckett, Business & Talent Partner at Professional Pyramid. Plus, shipping container homes, yes its a thing! We find out how they are becoming a real thing in Dubai with Jamal Wick, Co-Founder and CEO of Bespoke Modular Solutions. And Dubai's DP World H1 net profit drops on Red Sea troubles. More details with Capt. Zarir S. Irani, Managing Director, Constellation Marine Services.See omnystudio.com/listener for privacy information.
8/16/2024 • 30 minutes, 53 seconds
The CEO Trust Test
15 Aug 2024. Over half would reject or rethink a job offer based on the company’s boss, we speak to the company behind that research, Robert Walters. Plus, insurance company Watania International Holding swung back into profit in H1, from a loss the year before - despite the April rains. CEO Gautam Datta joins us live. And, we discuss the UAE’s latest federal decree on domestic workers and the emerging trend of ‘hush vacations’ in remote work with employment lawyer, Michael Chattle, Pinsent Masons.See omnystudio.com/listener for privacy information.
8/15/2024 • 32 minutes, 14 seconds
Last reporting day for listed companies in the UAE
14 Aug 2024. We look at what we've learned from the first half year's numbers here in the UAE with market lawyer Andrew Tarbuck. Plus, look at the pipeline of IPOs that will join them with Gregory Hughes, EY MENA IPO Leader. And, it's Pakistan's 77th Independence Day! We look at the current status and persistent economic challenges with economist Dr. Vaqar Ahmed. See omnystudio.com/listener for privacy information.
8/14/2024 • 31 minutes, 49 seconds
The UAE has amended parts of the labour law
13 Aug 2024. Employers who hire workers without a proper permit, or bring them into the country without a proper job, could face fines of up to a million dirhams, employment lawyer Lucy Melville unpicks the new UAE Labour Law. Plus, looking at OPEC's unusual move of lowering its demand forecast with energy expert Matt Stanley. And, we speak to printing company E7 about its H1 numbers. See omnystudio.com/listener for privacy information.
8/13/2024 • 36 minutes, 10 seconds
Dubai is hot, Dubai real estate is hotter!
Dubai property sales set a new July record last month - nearly 13 per cent higher than the month before, according to a new report from Property Monitor. We look at that summer record with Zhann Johincke, COO, Property Monitor & Director of Market Intelligence & Research at Cavendish Maxwell. Plus, we look at ADNOC Gas half-year results as they drop with finance chief Peter van Driel. And, with Cafu's expansion into RAK, we look at just how far the fuel fairy can fly with chief business officer Alaa El Huni.See omnystudio.com/listener for privacy information.
8/12/2024 • 29 minutes, 6 seconds
What's driving Etihad's 48% increase in profit?
09 Aug 2024. It's all about earnings season. We speak to Etihad boss Antonoaldo Neves on their 48% increase in profit after tax - where's that growth coming from? Plus, the CEO of Spinneys joins us live in studio to discuss record revenue at the supermarket chain. And, as travel insurance demand surges 182% in UAE we speak to PolicyBazaar.ae about what's driving the increase.See omnystudio.com/listener for privacy information.
8/9/2024 • 42 minutes, 51 seconds
Could a 4 day work-week be good for business?
08 Aug 2024. Dubai is launching a 4-day-week trial for government staff - could it be good for productivity? We get the thoughts of HR expert Amanda White. Plus, we talk the finance of food with the CEO of Abu Dhabi’s Agthia: how are they seeing double-digit growth, while global rivals like Kraft-Heinz struggle? And as an uneasy calm returns to global markets after days of sharp falls, we speak to Monte Safieddine, Market Analyst, IG. And, we speak to Espace Real Estate: have they seen a summer boom yet?See omnystudio.com/listener for privacy information.
8/8/2024 • 30 minutes, 10 seconds
Dubai Airport sets new record for passengers in the first half of the year
07 Aug 2024.Dubai International Airport welcomed a record number of guests in the first half of the year - just under 45 million, 8 per cent more than the year before - while the number of flights rose by just over 7 per cent. We speak to the boss of DXB Airports to crunch those numbers. Plus, more earnings report, Thomas Pramotedham, CEO of Presight about their first half result. And, we look at this week’s market mayhem and the surprise pick of Tim Walz as Democratic running mate with CNN New York anchor Julia Chatterley.See omnystudio.com/listener for privacy information.
8/7/2024 • 33 minutes, 7 seconds
Did you buy the dip?
06 Aug 2024. We get the latest on the global stock sell-off, with the team from Dubai-based fund manager Aditum and Assistant Professor of Economics at Seattle University, Vladimir Dashkeev. Plus, ADNOC Drilling Delivers All-Time-Record Second Quarter Results, we speak to CFO Youssef Salem about those record results.See omnystudio.com/listener for privacy information.
8/6/2024 • 34 minutes, 49 seconds
How to protect your investments during the global sell-off?
05 Aug 2024. A global stock sell-off deepened on Friday, we got tips on where you can invest with veteran investor Gary Dugan. Plus, We talk travel visas, with the local head of visa processing giant VFS. And, the number of rental contracts registered in Abu Dhabi more than doubled in the first half of the year, new figures show. Real estate boss Andrew Covill of Henry Wiltshire joins us live.See omnystudio.com/listener for privacy information.
8/5/2024 • 31 minutes, 27 seconds
Gen Z's 'buy everything, own nothing' mindset
02 Aug 2024.We discuss Gen Z's 'buy everything, own nothing' mindset with Spencer Lodge, Chairman of the Blue Sky Thinking Group and podcast host. Plus, we talk electric vehicles! Uber strikes a deal to buy 100,000 electric taxis, the head of Al Futtaim Motors EV division joins us live in studio. And we speak to the CEO of Abu Dhabi’s Fertiglobe, who told BB that green hydrogen projects are economically sound – and not ‘greenwashing’.See omnystudio.com/listener for privacy information.
8/2/2024 • 31 minutes, 48 seconds
The Fed and UAE Central Bank keep interest rates on hold.
01 Aug 2024. What does that rate decision mean for us here in the UAE? Economist Daniel Richards explains. We also get reaction to those Meta earnings with analyst Jessica Amir – and a preview of Apple and Amazon numbers tonight. Plus, we speak to Qamar Energy about that fuel price increase for August. And, as Dubai leads the global prime residential market in rental values, we speak to Savills Middle East. See omnystudio.com/listener for privacy information.
8/1/2024 • 31 minutes, 33 seconds
Al Ansari Exchange buys Bahraini rival for Dhs700 million.
31 Jul 2024. Rashid Al Ansari, Group Chief Executive, Al Ansari Financial Service explains what that takeover means for the company – and for people sending money home. We also cross live to Seattle – home of Microsoft – for reaction to those earnings, with investor Keith FitzGerald. And we speak to Andrew Naylor of The World Gold Council about the rise in demand for gold.See omnystudio.com/listener for privacy information.
7/31/2024 • 28 minutes, 19 seconds
RAKBANK post record net profit in first half of this year.
30 Jul 2024. We go straight to the source on that RAKBank story with CEO Raheel Ahmed who joins us live in studio. Plus, we get the inside story of Dubai’s 9% jump in tourists with Hoor Alkhaja from Dubai Tourism headquarters. And, we talk to one fitness hotel that's taking wellness tech to the next level. See omnystudio.com/listener for privacy information.
7/30/2024 • 36 minutes, 1 second
Could an ageing population affect insurance premiums?
29 Jul 2024. We explore the economics of ageing, as a new report warns of rising strokes and heart disease with insurance broker Stephen Maclaren and Dr Howard Podolsky. Plus, Donald Trump has promised a national crypto reserve dubbed ‘Bitcoin Fort Knox’- we find out more with Marc Seal, CEO, Sortium who was at the event when it was announced. See omnystudio.com/listener for privacy information.
7/29/2024 • 29 minutes, 40 seconds
Olympic Games taking place, are we buying merch here in the UAE?
26 Jul 2024. We speak to the Senior Vice President of Brands/Sports at GMG, Mohammed Bodiat about the summer trends and find out if theres any impact from the Olympics.Plus, we dive into automotive industry as shares continue to hit hard by fierce competition from Chinese electric cars with Glenn Harwood of AlgoDriven. See omnystudio.com/listener for privacy information.
7/26/2024 • 30 minutes, 35 seconds
Olympic Games are under attack from Cyber criminals
25 Jul 2024. We discuss the potential cyber threats facing the Olympic Games Paris 2024 and how organizers and third-party vendors can stay vigilant with the expert from Palo Alto Networks. Plus, we get the inside story on that rising profit at Commercial Bank of Dubai finance chief Darren Clark. And we look at the growth and supply crunch in Dubai’s office market with Ben Bargh of CRC Properties.See omnystudio.com/listener for privacy information.
7/25/2024 • 33 minutes, 1 second
Being rich really does make you happy!
24 Jul 2024. That's what a top professor at the University of Pennsylvania has told Business Breakfast. Dr Matt Killingsworth said both millionaires and billionaires are significantly happier, even than people earning $500,000 a year. Plus, we get the details on the latest Dubai Q1 GDP with senior economist Khatija Haque. And, cyber insurance can cover system outage! We look at what you can do and how you can claim with MD & Cyber Practice Leader, Simon Bell.See omnystudio.com/listener for privacy information.
7/24/2024 • 31 minutes, 8 seconds
Warehouse rents in Jebel Ali climb 38% this year
We speak to Adam Wynne from Knight Frank about the booming industrial demand in Dubai. Plus, CEO of du Fahad al Hassawi on the rapid rise in profit – but a surprise slowdown in mobile growth. And, the Olympics may be days away, but the lawsuits have started early! Energy drink Prime is in the dock, we speak to lawyer Jon Parker of Gowling WLGSee omnystudio.com/listener for privacy information.
7/23/2024 • 29 minutes, 20 seconds
Joe Biden officially withdraws from the Presidential race
22 Jul 2024. We get reaction to Joe Biden’s decision to leave the race for a second term as President, including Professor Patrick Schoettmer of Seattle University. Plus, businesses and services around the world are slowly recovering after a massive IT outage affected computer systems for hours on Thursday and Friday. We speak to IT expert Amir Kolahzadeh, Founder & CEO, IT Sec. And, we look at the knock-on effects for the aviation sector from this weekends CrowdStrike outage with legal plane spotter Nick Humphrey.See omnystudio.com/listener for privacy information.
7/22/2024 • 35 minutes, 9 seconds
DLD fines real estate brokers.
19 Jul 2024. We speak to the Dubai Land Department who has issued a stark warning to real estate brokers: the crackdown will continue on agents and brokers who break the rules through false advertising and cold-calling. Plus Amanat are to IPO their education business - we find out more Mohammed Ali Yasin - The Oracle Financial Consultancy and Investments. And we cross live to Daniel Lam of Standard Chartered in Hong Kong, for reaction to this week’s big economic gathering of Chinese leaders known as the “third plenum”.See omnystudio.com/listener for privacy information.
7/19/2024 • 32 minutes, 29 seconds
We're living longer - what does it mean for the economy?
18 Jul 2024. We're joined by one of our favourite economists – Andrew Scott of London Business School: his new book says we'll live to be 100 years old - and that will cause a radical economic shake-up. Plus, we look at the rise in demand for Chinese cars in Dubai with Al Habtoor Motors. And with investment scams on the rise, how can you spot a bogus investment? See omnystudio.com/listener for privacy information.
7/18/2024 • 51 minutes, 9 seconds
Why did Bitcoin rally after the assassination attempt on Donald Trump?
Bitcoin surged on Monday after an assassination attempt on Donald Trump, we find the reason behind it with crypto expert Saqr Ereiqat, Partner, TradeDog Group. Plus, we ask the Chief Investment Officer of Standard Chartered what another Trump Presidency - with his new anti-china pro-tarif running mate - might mean for investors. And, Tim Hortons has just opened its 300th Middle East store - we look at how much more branded coffee the region can drink. See omnystudio.com/listener for privacy information.
7/17/2024 • 31 minutes, 35 seconds
Shorooq leads major climatech investment.
16 Jul 2024. We speak to Shorooq Partners live in studio about their recent 37million-dollar Climatetech investment into a company using mineralisation technology to elimate CO2 safely, permanently and at scale. Plus, can gold sustain the rally that’s seen it climb 17% this year? Veteran gold expert Jeff Rhodes joins us with his outlook. And we speak to Etihad Guest as we take a look at their loyalty programme.See omnystudio.com/listener for privacy information.
7/16/2024 • 42 minutes, 4 seconds
What’s the effect of Trump shooting on dollar?
15 Jul 2024. We cross to both the Republican Convention in Milwakee and also to Seattle for live updates after the attempt to shoot Donald Trump - and what it means for the US election and economy. And as Dubai Mall breaks yet another visitor record, we ask retail expert David Macadam: are smaller malls being left behind? See omnystudio.com/listener for privacy information.
7/15/2024 • 32 minutes, 41 seconds
European tech workers flock to the Gulf to triple their salary.
12 Jul 2024. We've got the latest on the exodus of European tech talent to the Gulf, with two recruitment experts: global giant Hays, and Dubai-based Cooper Fitch. Plus, coffee futures are at an 18 month high - we ask Matt Toogood of Raw Coffee what that means for our almond milk cortados. And, we get reading recommendations from our final batch of business leaders in the Business Breakfast Summer Bookclub. See omnystudio.com/listener for privacy information.
7/12/2024 • 40 minutes, 28 seconds
Could Dubai be getting a new green superhighway?
11 Jul 2024. Tom Harvey is about to launch a new season of Spinneys Got Talent - we'll find out more about their incubator. Plus, we speak to the man behind the plan for the Green Spine superhighway that has got everyone talking. And we also chat to the star of Dubai Hustle about the realities of being a real estate agent in a hot market.See omnystudio.com/listener for privacy information.
7/11/2024 • 39 minutes, 40 seconds
What could Omani income tax mean for the rest of the Gulf?
10 Jul 2024. We look at what a potential Omani income tax could mean for the rest of the Gulf - speaking to tax expert Thomas Vanhee, Founding Partner, Aurifer. And what can the corporate world learn from sports franchises when it comes to sustainability? 1.5 Degrees Sport CEO, Sean Morris, joins us live. Plus, our summer book club series continues: what are business leaders across the UAE reading this summer? See omnystudio.com/listener for privacy information.
7/10/2024 • 36 minutes, 5 seconds
Number of homes available for sale in Dubai down by nearly a quarter
09 Jul 2024. We speak to Knight Frank about the number of homes available for sale in Dubai falling by nearly a quarter over the last year, with the amount of prime homes listed falling by nearly half. And as funding levels plateau in all markets bar the MENA region - we speak to Philip Bahoshy, Founder and CEO, MAGNiTT. Plus, with the yen at a 34 year low against the dollar, we speak to the Japan National Tourism Organisation about the rise in UAE visitors. And our summer book club continues - what are business leaders across the UAE packing in their suitcases to read this summer?See omnystudio.com/listener for privacy information.
7/9/2024 • 47 minutes, 4 seconds
Is the property market running out of stock?
08 Jul 2024. We're looking at whether June's drop in real estate transactions is just summer kicking in, or the start of something more. That's with Haider Tuaimi. And which professions have the best and worst reputations in the UAE? Nigel Sillitoe, CEO, Insight Discovery reveals all. Plus, Glenn Harwood of Algodriven tells us about Dubai's plans to build the largest and most advanced car market in the world. And as we launch the annual Business Breakfast Summer Book Club - we find out what business leaders across the UAE are packing in their suitcases to read this summer.See omnystudio.com/listener for privacy information.
7/8/2024 • 31 minutes, 2 seconds
What does the UK election mean for business between the UK and UAE?
05 Jul 2024. We look at what the UK election means for UK businesses based here - and UAE companies doing business with the UK...that's with Joe Hepworth from the British Centres for Business. We also speak to Taleem CEO Alan Williamson about the education company's results - and its plans to bring Harrow to the Gulf. Plus we look at what the election means for the UK economy with Dan Richards of Emirates NBD.. and what it might mean for UAE expats and residents who own property in the UK with Knight Frank. See omnystudio.com/listener for privacy information.
7/5/2024 • 42 minutes, 52 seconds
Dubai and Abu Dhabi set to get 20 new schools.
04 Jul 2024. We speak to James Mullan of Which School Advisor about the 20 new schools opening in Dubai and Abu Dhabi and what it means for parents and fees. Plus on the 4th of July, we'll speak to AmCham Dubai, the American business council here, about trade and the election. And we speak to the co-founder of CoinDCX about their decision to buy BitOasis.See omnystudio.com/listener for privacy information.
7/4/2024 • 31 minutes, 20 seconds
Saudi Arabia's set to get a Trump tower, but could Dubai follow suit?
03 Jul 2024. There's no shortage of buyers entering the property market with sales volumes continuing to rise. We speak to Haus & Haus Real Estate about where they're seeing demand. And Saudi Arabia is set to get a Trump tower in Jeddah, but could we get one here in Dubai? We speak to one of the developers behind it - Ziad El Chaar, CEO, Dar Global. Plus, we speak to Karm Legal about the UAE Central Bank reaching a significant milestone with the issuance of the payment token services regulation.See omnystudio.com/listener for privacy information.
7/3/2024 • 28 minutes, 56 seconds
Are you working too hard?
02 Jul 2024. As summer holidays begin, Expedia says most workers feel ‘vacation deprived’. Compensation expert Martin McGuigan joins us live. Plus Greece is looking at a six-day work week, we speak to workplace expert Oliver Baxter. And we look at what Dubai's plans to double the number of Metro stations mean for the real estate industry. See omnystudio.com/listener for privacy information.
7/2/2024 • 34 minutes, 48 seconds
Fines kick in for small firms that miss Emiratisation targets.
01 Jul 2024. We speak to energy expert Matt Stanley about what's behind our falling fuel price - and how long it could continue. And as fines kick in for small firms that miss Emiratisation targets we speak to Mohammad Zamani, Partner - Audit, Head of Emiratization, KPMG Lower Gulf about the drive and tips on hiring Emirati talent. Plus, summer-nomics continues - we look at the business of tents as hotels and restaurants put the sunshades up.See omnystudio.com/listener for privacy information.
7/1/2024 • 32 minutes, 39 seconds
Joe Biden and Donald Trump trade blows on economic policy.
28 Jun 2024. We discuss reaction to the Joe Biden and Donald Trump presidential debate. We also get all our geeky CEPA questions answered with geopolitcal strategist Taufiq Rahim of the Mohammed bin Rashid School of Government. Plus, summernomics continues - we'll look at the growing demand for safety deposit boxes as we head into the holiday season with a private vault company. And as the Japanese yen falls to its weakest level since 1986, we cross live to Singapore to speak to economist Rodrigo González.See omnystudio.com/listener for privacy information.
6/28/2024 • 31 minutes, 11 seconds
Expats flocking to the UAE without job offers.
27 Jun 2024. We speak to Gareth El Mettouri of recruitment firm Robert Half about what more job seeking expats means for wages. Plus we get John Lyons to open his books and give us an advance peek into what Q2 has really meant for property deals. And the UAE's Federal Tax Authority is urging all resident eligible commercial entities to register for corporate tax by June 30 to avoid late penalties - Nirav Rajput, Partner, Aurifer Middle East Tax explains. See omnystudio.com/listener for privacy information.
6/27/2024 • 28 minutes, 38 seconds
Saudi Arabia is set to become the world's largest construction market.
26 Jun 2024. A new report by the World Economic forum warns that energy transition is slowing down, with the UAE ranking 52nd place globally - we hear from their head of Energy Transition Intelligence, Espen Mehlum. Plus, Saudi Arabia is set to become the world's largest construction market, according to new numbers from Knight Frank - worth more than 180 billion dollars by the end of 2028. That's 30% higher than last year. We hear from veteran Middle East journalist Andrew Hammond on how they will make their 180 billion-dollar construction boom a reality.See omnystudio.com/listener for privacy information.
6/26/2024 • 32 minutes, 39 seconds
Tashas owner Natasha Sideris explains how they combat the summer slowdown.
25 Jun 2024. Summernomics continues and we're talking the fine art of swimming pool cooling with the poolstore. We also have a culinary twist with the founder of Tashas restaurant chain Natasha Sideris joins us live. And we speak to Henley & Partners Middle East about their latest forecast that approximately 128,000 of the world’s millionaires are projected to migrate to a new country in 2024, with the UAE and the USA topping the list of destinations.See omnystudio.com/listener for privacy information.
6/25/2024 • 30 minutes, 25 seconds
UAE ranks Number 2 on a global list of foreign investment.
24 Jun 2024. We discuss the UAE ranking Number 2 on a global list of foreign investment attracting 1,300 projects worth more than $30 billion last year - second only to the US. Plus summer is the traditional time for big international moves in and out of Dubai - we'll speak to the boss of E-Movers to find out if we're coming or going. We also speak to the real estate company predicting a 'summer spending spree' - the CEO of W Capital joins us live. And amid reports that AI has finally beaten human intelligence in the so-called ‘Turing Test’, one university professor tells us why he is not convinced.See omnystudio.com/listener for privacy information.
6/24/2024 • 32 minutes, 1 second
Spinneys opens in Saudi Arabia.
21 Jun 2024. We get reaction to that rate decision from Henk Potts of Barclays – and where to invest YOUR savings right now, amid political upheaval in Europe. Plus, we hear from Spinneys commercial boss Tom Harvey as they're set to open in Saudi Arabia next week. And summer-nomics continues - we speak to the boss of the Coca Cola Arena to find out if you can get the big artists here in summer and if you'd want to.See omnystudio.com/listener for privacy information.
6/21/2024 • 35 minutes, 18 seconds
The UAE is the Number One ‘wealth magnet’ in the world
That's according to the Henley Private Wealth Migration Report. The report says the UAE will see an inflow of 6,700 millionaires this year – almost double the second-placed country, the US. Khatija Haque of Emirates NBD shared her take on the long-term impact for the UAE on the influx of private and institutional money. Plus, Summer-nomics - higher flight prices are having an impact on summer camps. We find out more with Eugeine Kerrigan of Curiosity Lab. And with the UAE now a year round destination, we checked what's happening to events industry with Natalie Crampton of TEC.See omnystudio.com/listener for privacy information.
6/20/2024 • 35 minutes, 45 seconds
Dubai jumps to 15th Mercer Cost of Living index for expat employees
We speak to Ted Raffoul, Career and Workforce Products Business Leader - MENA, Mercer and find out the key findings for the Middle East market. Plus, we ask recruiter Greg Wright of Food People what the survey means for bringing talent in to the city.See omnystudio.com/listener for privacy information.
6/19/2024 • 31 minutes, 41 seconds
How much would a last minute Eid getaway cost you?
14 Jun 2024. It's last minute Eid-oh-nomics.... is there still time to grab a staycation or a last minute bargain flight? We speak to the chief business officer of Wego and David Allen of Radisson. And, we've got a big focus on the finance of football, with just hours until kick-off in Euros 2024. We’re joined by sports lawyer Andrew Mahoney, and the boss of official Middle East TV streamer Tod.See omnystudio.com/listener for privacy information.
6/14/2024 • 30 minutes, 11 seconds
The US Fed and UAE Central Bank keep rates on hold…
13 Jun 2024. The US Fed and UAE Central Bank keep rates on hold but what that decision mean for us? Ed Bell of Emirates NBD and Danny Abraham, Espace Real Estate explains. We also have more reaction to today’s big stories from former CNN anchor John Defterios, who joins us live in-studio to peruse the news. And we speak to Raj Kotecha, CEO, Chartered Institute of Marketing about Instagram's new "Label AI" button. See omnystudio.com/listener for privacy information.
6/13/2024 • 39 minutes, 11 seconds
What do engaged employees mean for business profitability?
12 Jun 2024. The world economy is expected to grow by 2.6 per cent this year, and the expansion rate is expected to remain consistent throughout the year, without significant fluctuations, according to a report by the World Bank. We hear from World Bank economist Ayhan Kosay for more on their hot-off-the press report. Plus, we speak to Tanvi Ahluwalia, Associate Principal, Partner Group, Gallup about their latest workplace report that finds global employee engagement has stagnated. And Miriam Burt, Managing VP Analyst, Gartner explains how IT spending in the MENA region is on the rise. See omnystudio.com/listener for privacy information.
6/12/2024 • 34 minutes, 9 seconds
Apple shares fall 2% as it unveils AI strategy.
11 Jun 2024. We discuss Apple unveiling its long-awaited AI strategy – including a partnership with Chat GPT. Plus, we look at the economics of Eid al Adha – as Careem lists sacrificial goats for sale on the app. And, it’s election season: veteran investor Gary Dugan reveals his strategy for trading the political swings, from Mumbai to Manhattan. We also talk the finance of football with Professor Kieran Maguire of Liverpool University, as Gulf investors line-up yet another Premier League takeover. See omnystudio.com/listener for privacy information.
6/11/2024 • 33 minutes, 53 seconds
UAE announces Dhs150,000 fines for cold-callers.
10 Jun 2024. We discuss the UAE's new crackdown on rogue cold-callers, with fines of Dhs150,000 for telemarketers who break the rules. We also talk fintech with the CEO of a new digital bank in Ajman: Christopher Koster of Ruya. Plus, as tens of thousands of pilgrims flock through Dubai Airports as they make their way to Mecca for the annual Hajj pilgrimage, we speak to Mohammed Al Marzouqi, Head of Hajj Committee, Dubai Airports. And investor Khaled Talhouni joins us to reveal where he’s investing $100 million – and the pitfalls he plans to avoid.See omnystudio.com/listener for privacy information.
6/10/2024 • 32 minutes, 27 seconds
Is the diamond industry in trouble?
07 Jun 2024. Nvidia has caught the attention of anti-trust regulators after joining the three trillion dollar club - we speak to market watcher Jessica Amir. Plus, as Dubai's May property numbers hit a new record, we speak to Zhann Johincke of Property Monitor. And we'll find out if diamonds are losing their sparkle, amid weak prices and De beers being put up for sale with diamond dealer Fergus James.See omnystudio.com/listener for privacy information.
6/7/2024 • 30 minutes, 41 seconds
Venture debt funding enjoying a record year in MENA.
06 Jun 2024. We look at the booming market for venture debt funding with Philip Bahoshy of research firm Magnitt. We also focus on the fitness industry - speaking to Gymnation Founder Loren Holland and the man behind their latest private credit investment, Omar Al Yawer - Partner, Ruya Partners, as they pave the way for expansion into Saudi Arabia.See omnystudio.com/listener for privacy information.
6/6/2024 • 33 minutes, 37 seconds
Are we still seeing a knock on effect from the rains 2 months ago?
05 Jun 2024. We discuss Narendra Modi losing his majority in a shock election setback as Indian stocks plunge 6%. We also discuss the UAE PMI data released this morning as we speak to one of the S&P economists behind it. Plus, we get the latest on the giga projects programme in Saudi Arabia with Colin Foreman, Editor, MEED. And, we hear from one UAE based AI company who's just secured $2.2 million in pre-seed funding. See omnystudio.com/listener for privacy information.
6/5/2024 • 36 minutes
Dubai Mall to get 20% bigger with 1.5 billion dirham expansion.
04 Jun 2024. We get reaction to the Dubai Mall story from Andy Love of Knight Frank and CBRE's Mr Research Taimur Khan. And, as UAE authorities block more than a thousand websites that violate intellectual property rules, we'll speak to IP lawyer James Dunne. We also find out about the top 25 airlines in the world according to Airlineratings.com with aviation expert Geoff Thomas. Plus, we'll speak to StarzPlay Founder and CEO Maaz Sheikh as they announce exclusive coverage of the ICC Men's T20 Cricket World Cup.See omnystudio.com/listener for privacy information.
6/4/2024 • 41 minutes, 23 seconds
The new boss of Dubai Duty Free says sales fell in May, as passengers tighten their belts.
03 Jun 2024. As the world’s aviation industry descends on Dubai, Riyadh Air CEO Tony Douglas joins us live in the studio to tell us about the new airline. Plus, we have refreshingly candid comments from Ramesh Cidambi, on day one of his new job running Dubai Duty Free. And, we speak to Sam McCone of McCone Properties about how to spot a property market dip. See omnystudio.com/listener for privacy information.
6/3/2024 • 32 minutes, 18 seconds
Dubai law firm opens an office in Russia
We spoke to the UAE law firm Habib Al Mulla UAE Founder Habib Al Mulla, one of the country’s most prominent lawyers, and told Business Breakfast that trade between the UAE and Russia is strong, despite Western sanctions. Plus, International air passenger traffic rose 16% in April, compared to the year before, we spoke to the boss Kashif Khalid and asked how full planes are likely to be this summer. See omnystudio.com/listener for privacy information.
5/31/2024 • 28 minutes
How important is China to the UAE economy?
UAE President Sheikh Mohamed flew from Korea to China, where he begins a two-day state visit. We get the reaction to that UAE-China visit from Billionaire investor Patrick Tsang live from Hong Kong. Plus, restaurant special - we find out what it takes to last nearly quarter of century in the Dubai F&B industry with Lime Tree and the man whose business is filling restaurants with beautifulSee omnystudio.com/listener for privacy information.
5/30/2024 • 41 minutes, 36 seconds
Is Italy the place to be this summer?
The Business Breakfast has a working theory that half of Dubai is going to Italy this summer. We test that theory with travel expert Emily Jenkins of DW Travel. Plus, with the gold price hovering just off record highs, we're joined by the global chief market strategist of the World Gold Council, John Reade. And, as the UAE pumps Dhs30 billion into new industry, where are we going to build all the factories? Saud Abu Al Shawareb, EVP of Industrial, Dubai Industrial City has the answers.See omnystudio.com/listener for privacy information.
5/29/2024 • 30 minutes, 15 seconds
Make it in the Emirates
The third edition of the Make it in the Emirates Forum and its accompanying exhibition kicked off on Monday at the Abu Dhabi Energy Center. H.E Omar Suwaina Al Suwaidi, Undersecretary, Ministry of Industry and Advanced Technology (MoIAT) live from the capital told us about the forum and the main takeaways from the event so far. We also speak to people who make it in the Emirates including perfume company boss Rawya Cato. Plus, the man with Dhs5 billion to finance the factories Ahmed Al Naqbi, CEO of Emirates Development Bank.See omnystudio.com/listener for privacy information.
5/28/2024 • 42 minutes, 1 second
Shipping rates second spike because of Red Sea and Suez cancel bottlenecks
That's according to the Financial Times. Matt Stanley, Head of Market Engagement, EMEA & APA at Kpler disagree, he told us why. Plus, we look at what the increase in business Etihad Credit Insurance tells us about the UAE's export sector with CEO Raja Al Mazrouei. And we talk the finance of football, after Al Ain’s dramatic victory in Saturday’s Asian Champions League final with sports dealmaker Marc Archer.See omnystudio.com/listener for privacy information.
5/27/2024 • 33 minutes, 12 seconds
Quiet vacationing: why workers are sneaking off on holiday without telling their boss?
American social media guru & serial entrepreneur Gary Vaynerchuck joined us live in studio. He’s got 15 million followers and a new book. Plus, research says that millennials are ‘quiet vacationing’ rather than asking their boss for PTO. Is it acceptable? We asked Nathalie Spree, Partner, August Leadership. And we spoke to the CEO of Adnoc Drilling about what the latest share sale means for investors.See omnystudio.com/listener for privacy information.
5/24/2024 • 34 minutes, 20 seconds
New preliminary data suggests the UAE economy grew 3.6% last year
We've got the preliminary numbers out for GDP for UAE economy, we crunch the numbers with Ed Bell, Senior Director, Market Economics, Emirates NBD. Plus, analyst Josh Gilbert from eToro on those Nvidia earnings beating expections. Wio bank has achieved profitability in its first year of operations, we speak to CEO Jayesh Patel. And ss World Economic Forum founder Klaus Schwab (semi) retires, former Davos boss Fred Sicre joins live in studio.See omnystudio.com/listener for privacy information.
5/23/2024 • 31 minutes, 14 seconds
Weightloss drug maker Novo Nordisk seeing 20-30% UAE growth a year.
22 May 2024. We hear from Novo Nordisk UAE Vice President Mads Bo Larsen about the local supply and demand for Ozempic and Wegovy. And after Emirates announced their staff will receive bonuses worth 20-weeks of salary we had a big bonus debate: should all staff recieve the same bonus, or should it just be for high performers? HR expert Amanda White gives us her thoughts. Plus, in the midst of the UAE IPO boom, we look at how the average Joe can get involved in the fun. See omnystudio.com/listener for privacy information.
5/22/2024 • 34 minutes, 16 seconds
How much could it cost to set up a business in Ajman compared to other Emirates?
21 May 2024. Dubai Airports CEO Paul Griffiths reveals DXBs record breaking Q1 numbers live on the show. We also speak to the CEO of education company Alef about its IPO plan and we look at the economy of Ajman, as we’re joined in the studio by H.E. Ismail al Naqi, head of the Emirate’s Free Zone Authority. See omnystudio.com/listener for privacy information.
5/21/2024 • 33 minutes, 57 seconds
Could a flight subscription service save you money?
20 May 2024. Ford Middle East has seen its highest Q1 sales in nearly a decade - we speak to regional president Ravi Ravi-chandran. Plus, Wizz Air has launched the region's first flight subscription service - we speak to their MD Johan Eidhagen. And, Indian cricket legend MS Dhoni speaks to the Business Breakfast! Lessons on leadership from the man who won two World Cups and five IPL titles, while building a $100 million fortune. See omnystudio.com/listener for privacy information.
5/20/2024 • 36 minutes, 31 seconds
What can we expect from Dubai's new airport?
17 May 2024. We take a sneak peak inside the new airport with Dubai World Central Corporation boss His Excellency Khalifa Al Zaffin. Plus, Dubai proptech Keyper has more than 30 million dollars in credit and equity to play with - we'll find out what they plan to do with it. And, former SBS soldier and adventurer Ant Middleton joins us live in studio - we find out why he decided to relocate his family and business to Dubai. See omnystudio.com/listener for privacy information.
5/17/2024 • 32 minutes, 40 seconds
One month on from the floods: has it affected Dubai's real estate market?
16 May 2024. US inflation fell to 3.4 per cent for April - raising expectations of a rate cut this year - we get reaction from Dan Richards of Emirates NBD on whether it's a good or bad print and what it could mean for Fed decisions. One month on from the floods, we're looking back at the events that took place - we find out if the rain stopped play in terms of buying houses with Zhann Johincke, COO of Property Monitor. And we speak to insurance company Wataniya about where we are with insurance claims since the wild weather. Plus, we're joined by Espace Real Estate - should you buy a property in a community that got hit badly by the rains?See omnystudio.com/listener for privacy information.
5/16/2024 • 34 minutes, 16 seconds
Could dnata be looking at an IPO?
15 May 2024. It's earnings deadline day – we discuss Emaar Development reporting record property sales in Q1 – soaring 50% to Dhs13 billion, and speak to CBRE's Taimur Khan who's seeing office rents and occupancy creep up further in Q1. We also speak to Dnata CEO Steve Allen who joins us live in studio to go through their record profits and the possibility of an IPO. Plus, Spinneys CEO Sunil Kumar tells us about their rise in profits and the challenges they're facing getting stock on shelves. And, Property Finder CEO Michael Lahyani also live in the studio, on that unicorn-sized tech deal.See omnystudio.com/listener for privacy information.
5/15/2024 • 37 minutes, 35 seconds
Emirates makes record annual profit and pays 5 months bonus.
14 May 2024. We go through the Emirates airline numbers - and bonuses. Will Emirates reinvest this money into the airline and are higher air fares here to stay?. Plus, we speak to ADNOC Drilling's CFO about their 26% rise in Q1 net profit. We'll also hear from United Airlines as they mark one year of their nonstop service between Dubai and New York. And, the number of Emiratis working in the private sector has almost tripled since 2021 - we find out how, with the team behind a new government report. See omnystudio.com/listener for privacy information.
5/14/2024 • 31 minutes, 44 seconds
Why AI users are bringing their own tools to the office?
13 May 2024. We speak to the CEO of Abu Dhabi AI giant Presight about their Q1 numbers - and why they've taken a big chunk of AIQ. Plus, Maesk has a big new boat that runs on green methanol. We look at the challenges the shipping industry faces in going green with local boss Christopher Cook. And, 78% of AI users are now bringing their own AI tools to work - we find out what this means for employers with Zubin Chagpar of Microsoft. We'll also cross live to Richard Dean who's in Chennai in the middle of the Indian elections and the IPL season. See omnystudio.com/listener for privacy information.
5/13/2024 • 34 minutes, 46 seconds
Spinneys climbs 5% on stock market debut
10 May 2024. We'll have the latest from the trading floor as Rich was down there to keep his eye on the share price. We'll also have the latest on Eitad's earnings and aspirations for growth as we hear from CEO Antonoaldo Neves. Wayne Beifus, Chief Financial Officer, ADNOC Distribution tells us about their Q1 2024 net profit of $165 million before tax, up 13% year-on-year and we'll hear from Faraz Ahmed, Research Director, JLL MENA about over 30,000 residential units that are set to be delivered in the UAE by the end of the year. Plus, we have an extended exit interview with a Dubai retail legend, who’s retiring after 41 years leading Dubai Duty Free. Colm Mcloughlin joins us to talk about the highlights of his epic career at DDF.See omnystudio.com/listener for privacy information.
5/10/2024 • 37 minutes, 50 seconds
Taxi fares rise in May after petrol price increased.
09 May 2024. We speak to the CEO of Dubai Taxi, Mansoor Al Falasi, about higher fares, longer trips, and expansion into other emirates after their record profits of 15% in Q1. We also hear from Dubai tourism boss, Issam Kazim, about his aims for visitor numbers this year - and the marketing challenge posed by last month's rains. And, we speak to Conor McHugh, Founder, Alchemy Search about why they've seen a lot of jobseekers securing roles in Q1 and who's hiring. Plus, we discuss the news that Dubai Duty Free CEO Colm McLoughlin is set to retire after 41 years with the organisation. See omnystudio.com/listener for privacy information.
5/9/2024 • 31 minutes, 54 seconds
Emirates boss Sheikh Ahmed hints at record profit for the airline.
08 May 2024. We have the latest on the Dubai Taxi Q1 results with net profit up 15%, plus we're talking to the ADNOC Gas CFO about their Q1 numbers. We also hear from H.H. Sheikh Ahmed bin Saeed al Maktoum, the CEO and Chairman of Emirates - Richard joined HH in the majlis at the Emirates stand at ATM where he talked about everything from the impact of the rains to the new Al Maktoum Airport. And, we hear from the DIFC as they expect an influx of new firms this year.See omnystudio.com/listener for privacy information.
5/8/2024 • 36 minutes, 14 seconds
How are Etihad Airways planning to grow passengers by 30% this year and next?
07 May 2024. As the Arabian Travel Market continues this week, we're focusing on all things tourism with Dubai tourist numbers jumping 11% in Q1. We also speak to Etihad Airways CEO Antonoaldo Neves on 30% growth, IPO rumours and flying economy class. Plus, we discuss record visitor numbers for Yas and Saadiyat islands with the CEO of Miral. And, we'll find out about Hilton's plans for expansion in the Middle East with their president Guy Hutchinson. See omnystudio.com/listener for privacy information.
5/7/2024 • 36 minutes, 18 seconds
The Arabian Travel Market gets underway.
06 May 2024. We go through the latest Saudi PMI numbers with economist Dr Chris Payne as Saudi's non-oil private sector continued its growth momentum in April. Plus, we've got a big focus on the Arabian Travel Market which kicks off this week- we're speaking to RAK tourism boss Raki Philips about Ras Al Khaimah tourism hitting 1.22 million visitors last year. And we talk social media with the regional boss of Snapchat - global revenue surged 21% this year, but what about the Middle East? See omnystudio.com/listener for privacy information.
5/6/2024 • 28 minutes, 8 seconds
UAE private sector growth falls to 8 month low on heavy rains.
03 May 2024. We discuss the UAE private sector growth falling to an 8 month low following heavy rains. Plus we have the latest on earnings from Tecom and Apple - and we find out what's moving the markets following that Fed meeting. We also look at the economics of olive oil. As scorching summers wreak havoc with the olive harvest, we speak to the team from JM Foods in Dubai. As extreme weather around the world messes with events - we find out how the industry is coping with TEC boss Natalie Crampton. And, the UAE has increased its oil production capacity - we speak to oil expert Amina Baker.See omnystudio.com/listener for privacy information.
5/3/2024 • 30 minutes, 51 seconds
Spinneys raises 375 million dollars in IPO.
02 May 2024. We have the latest on that rate decision from Fed chair Jay Powell and what it means for the UAE with economist Jeanne Walters of Emirates NBD. We also take stock of Spinneys share sale after it raised 375 million dollars in IPO, with CEO Sunil Kumar. And, we'll look at the effects of the last rains on the UAE's stock of new and second hand cars ... and how to avoid buying one that's taken a bath if you're in the market. That's with Glenn Harwood of AlgoDriven. Plus, with the 9% profit tax looming ever closer, we talk tax with John Casey of Virtuzone.See omnystudio.com/listener for privacy information.
5/2/2024 • 27 minutes, 47 seconds
UAE bankruptcy law comes into effect today - what does it mean for you?
01 May 2024. We'll have the latest on the fuel prices after they climbed 6% for May. But is this inflationary? How does this reflect what happening in oil prices and what will it mean for inflation in the UAE? And, what does the new bankruptcy law means for business in the UAE? We speak to Al Tamimi's head of litigation, Naif Yahia who gives us the detail. We also talk Q1 results and future plans with the CEO of Aldar Development, Jonathan Emery who reveals his latest project live on air. Plus, we discuss the economics of weight-loss drugs, as sales of Mounjaro triple in Q1- that's with market analyst Monte Saffediene. See omnystudio.com/listener for privacy information.
5/1/2024 • 36 minutes, 15 seconds
What does Dubai's new airport mean for real estate?
30 Apr 2024. We discuss the latest UAE blockbuster earnings and what it means for the region. We'll also speak to Andrew Elliott, Director, Commercial Agency, Chestertons MENA about what Dubai's new airport could mean for property demand in the Dubai South area and what impact that will have on the Garhoud area. Plus, we're joined by Professor Heather MacGregor of Heriot-Watt University, co-author of the report on women in the boardroom that says women hold just 11% of seats on boards of UAE listed companies. And, we cross live to Riyadh to speak to Eddy Tannous, COO, Rotana Hotel Management as they look at expanding their footprint across Pakistan, Africa and Europe.See omnystudio.com/listener for privacy information.
4/30/2024 • 30 minutes, 52 seconds
Dubai unveils Dhs128 billion mega-airport at Al Maktoum.
29 Apr 2024. As Dubai unveils its new Dhs128 billion mega-airport at Al Maktoum with all flights moving away from DXB “in the coming years”… we speak to the man with the plan: Dubai Airports CEO Paul Griffiths. We'll also get anaylsis on the new passenger terminal from Geoffrey Thomas, MD & Editor in-chief, Airlineratings.com. Plus, we hear from the boss of Alshaya Group, John Hadden, as they plan to open 400 new stores this year. And we have the latest from The World Economic Forum taking place in Riyadh currently.See omnystudio.com/listener for privacy information.
4/29/2024 • 31 minutes, 38 seconds
Abu Dhabi space merger is cleared for launch by investors.
26 Apr 2024. We get the latest analysis from Dan Richards, Mena Economist, Emirates NBD on the US economic growth data as well as UAE economy growth which rose 3.3% in the first nine months of 2023. We also speak to the boss of newly-created Space 42 on their bold plan for satellites and AI. Plus, we cross to the US for more on Google and Microsoft – both reporting strong earnings overnight - with investor Keith Fitz-Gerald. And Lebanese philanthropist Lynn Zovighian joins us to reveal new research with the Bill & Melinda Gates Foundation, on the ‘next generation of philanthropy’ in the Middle East.See omnystudio.com/listener for privacy information.
4/26/2024 • 31 minutes, 34 seconds
Moody's warns that some UAE insurance companies face financial pressure flood claims.
25 Apr 2024. We speak to the guys at Al Futtaim Automotive as they've seen a surge in demand for pre-owned SUVs, after last week's wild weather. We also find out what the supercell storm means for the balance sheets of insurance companies themselves - and their ratings - Moodys has a new report. Plus, we dust off the Business Breakfast calculator to crunch the numbers on a flurry of earnings, speaking to Darren Clarke, Chief Financial Officer, Commercial Bank of Dubai. See omnystudio.com/listener for privacy information.
4/25/2024 • 29 minutes, 52 seconds
Did employers do the right thing during last week's floods?
24 Apr 2024. We get reaction from Daniel Richards, Senior Economist, Emirates NBD about the UAE and Oman signing investment deals worth Dhs 129 billion during this week’s visit by Oman’s Sultan Haitham. We also hear from Dubai based HR expert - Sarah Brooks, Managing Director, Fikrah HR, who says some firms in the UAE might have broken the law by not doing enough to keep their employees safe during last week's wild weather. Plus, we speak to insurance expert Franck Heimburger of GIG Gulf, formerly AXA Insurance, who answers your questions on flood claims. And, we'll go through those strong UAE shopping numbers with Dubai Chambers President and CEO - Mohammad Ali Rashed Lootah.See omnystudio.com/listener for privacy information.
4/24/2024 • 33 minutes, 27 seconds
The Central Bank instructing insurance companies to pay up for flood damage.
23 Apr 2024. We speak to Sonny Ridgewell, Managing Director of insurance brokers- Beneple - about the number of motor claims expecting to exceed AED 1 billion following last week's floods. We also get his reaction to the latest news from The UAE Central Bank as they're instructing insurance companies to pay up for flood damage - the directive covers all homes and cars with “comprehensive” policies. Plus, the CEO of Dubai Financial Market, Hamed Ali, joins us live in studio for an extended interview on the UAE’s IPO boom. We also cross live to Australia to speak to Jessica Amir, Market Strategist, moomoo about Tesla's shares falling 3% overnight. And, as Spinneys sets the price range for its IPO we hear from Samer Deghaili, Co-Head of Investment Banking (MENAT), HSBC.See omnystudio.com/listener for privacy information.
4/23/2024 • 38 minutes, 32 seconds
How have the recent storms impacted the local insurance industry?
22 Apr 2024. We have the latest on the aftermath of last week's flood as Sheikh Hamdan bin Mohammed approves sweeping measures to address the impact of the rains. We also discuss the latest on the economic impact with the insurance experts at S&P and what that means for the local insurance industry. Plus, we hear from Maria Morris, CEO & Founder Maria Morris Real Estate about what property buyers are looking for when choosing their next Dubai home. And, as the first full week of voting gets underway in India, we speak to Economist Surjit Bhalla.See omnystudio.com/listener for privacy information.
4/22/2024 • 35 minutes, 18 seconds
How have floods impacted businesses across the UAE?
19 Apr 2024. We have a special edition of the Bitesize podcast today as we hear from a variety of businesses to find out how they're faring in the aftermath of the floods. First, we hear from Dubai airports CEO, Paul Griffiths, who gives us the latest updates for DXB passengers and when we can expect operations to resume as normal. We also find out how food companies are working to keep restaurants and shops supplied with JM Foods. And we look at how hotels are providing local residents and delayed tourists with shelter while coping with their own logistical challenges. Plus, we find out what small business owners are facing in terms of insurance claims with insurancemarket.ae and how ride-hailing services fared in the floods with Yango.See omnystudio.com/listener for privacy information.
4/19/2024 • 55 minutes, 30 seconds
What can you do if your car has been damaged by the floods?
18 Apr 2024. We've got the latest on the aftermath of the recent floods as we speak to Cafu COO Ryan Rogers. We also speak to one repair garage who've been inundated with water-damaged cars after the recent storms. Plus, we'll hear from an insurance lawyer about potential payouts for this week's storms. And we speak to Laurence Kemball-Cook, CEO and Founder, Pavegen - a smart flooring technology company that transforms footsteps into electrical energy - they're launching in Dubai today at the World Future Energy Summit. See omnystudio.com/listener for privacy information.
4/18/2024 • 34 minutes, 25 seconds
What the storms mean for the insurance industry & claimants?
We look at the impact of wild weather and what could it mean for the insurance industry with various experts: AFIA Insurance Brokerage Services LLC, octopus & GIG Gulf. Plus, we speak to the CEO of Spinneys, Sunil Kumar, about the company's growth plans on the back of its IPO announcement.See omnystudio.com/listener for privacy information.
4/17/2024 • 49 minutes, 23 seconds
Spinneys is to go public.
16 Apr 2024. We have the latest on the news that Spinneys is to go public, selling 25% of its shares before listing on the DFM. Plus, as the IMF spring meetings kick off in Washington, we speak to one economist in the thick of the action: IMF veteran Masood Ahmed. And, after Eid Al Fitr saw flight price spikes - are we all booking early for Eid Al Adha? We'll speak to travel expert Emily Jenkins and the travel number crunchers from research firm STR.See omnystudio.com/listener for privacy information.
4/16/2024 • 35 minutes, 22 seconds
Could you get cash back for school fees?
15 Apr 2024. We find out what's moving the markets this week amidst increased regional tension with Ed Bell, Senior Director of Emirates NBD. As Abu Dhabi considers a takeover bid for BP, we speak to energy expert Christoph Ruhl of Columbia University. We also speak to the new real estate company giving cash back for school fees to families and find out why haus & haus Real Estate are seeing an increase in property sales this year compared to last. Plus, we're talking aviation: as JFK airport in New York gets a $5 billion facelift, we speak to the Bahraini company stumping up the cash. See omnystudio.com/listener for privacy information.
4/15/2024 • 28 minutes, 27 seconds
Can you still get good deals booking flights last minute?
05 Apr 2024. The value of bank transfers in the UAE reached Dhs1.5 trillion in January, according to Central Bank data. That’s up 24% from a year earlier.” So, what does this tell us about the health of the banking sector and the wider economy? Emirates Development Bank has hit a major milestone in its mandate to provide 30 billion dirhams in financing to the industrial sector - we'll speak to the CEO, Ahmed Mohamed Al Naqbi. Plus, with the Eid break here, residents of the UAE are eagerly planning their escapes to explore destinations beyond the country’s borders - we're joined by Johan Eidhagen, Managing Director, Wizz Air Abu Dhabi. And we’re talking Disney - after CEO Bob Iger fought off a shareholder revolt, New York media professor Evan Shapiro says Apple should buy The House of Mouse.See omnystudio.com/listener for privacy information.
4/5/2024 • 30 minutes, 2 seconds
Are school allowance packages still a thing?
04 Apr 2024. The OPEC+ monitoring committee has recommended the group stick with its current supply cuts for the first half of the year. But how well are their cuts working and what does it all mean for UAE and Saudi finances? Plus, on the back of the KHDA's decision to allow school fee increases - we ask recruitment expert - Conor McHugh, Founder, Alchemy Search, if education allowances are dying out. And with gold hitting a record high above $2,300 an ounce, Richard heads down to the Dubai Gold Souq to test the mood ahead of Eid al Fitr and find out if high prices are putting off buyers. We also speak to HSBC global private banking to find out why they're advising high net worth clients to consider taking on more risk and put their cash to work.See omnystudio.com/listener for privacy information.
4/4/2024 • 31 minutes, 28 seconds
Green light for fee increases at performing schools.
03 Apr 2024. We get reaction from Dan Richards, Senior Economist, Emirates NBD on private schools in Dubai being able to raise fees by 5.2% next year - what impact might this have on inflation? Dan also gives us instant reaction to the new PMI data for the UAE out this morning. Plus, we speak to DHL about the UAE moving up the ranks of connected countries - and how we go higher. And, we cross live to the Gold Souk, where Richard finds out how record gold prices are impacting bangles and bullionSee omnystudio.com/listener for privacy information.
4/3/2024 • 32 minutes, 41 seconds
The Abu Dhabi economy grew just over 3 per cent last year, so how well did we do?
02 Apr 2024. Abu Dhabi economy grew just over 3 per cent last year...while the UAE central bank is predicting just over 4% growth for the country in 2024. We get reaction to that flurry of UAE economic data, from Dan Richards of Emirates NBD and Stephen Anderson of PwC. We also speak to Cafu about whether they see a spike in people filling up ahead of petrol price day. And, we're looking at what options are available for apartment dwellers when it comes to both e-charger accessibility and fuel deliveries.See omnystudio.com/listener for privacy information.
4/2/2024 • 31 minutes, 27 seconds
How could more Emirati brokers impact Dubai real estate?
01 Apr 2024. We get reaction to those rising petrol prices – and some clues on where they’re heading – with economist Dan Richards of Emirates NBD. And, DLD is set to boost Emirati real estate brokers but how will more Emirati brokers impact Dubai real estate? Zhann Johincke of Cavendish Maxwell joins us live to tell us more. We also look at what a 10-year business licence could mean for commercial real estate with Andrew Elliot of Chestertons. And, as hotels get booked quickly ahead of the upcoming Eid holidays, we speak to Enrique Mandl, General Manager, FIVE LUXE, FIVE Hotels & Resorts and find out about their latest opening on JBR.See omnystudio.com/listener for privacy information.
4/1/2024 • 33 minutes, 30 seconds
Schools operator Taaleem reports 53% jump in profit.
29 Mar 2024. Education provider Taleem has reported record profits for the first half of the year, up 53 per cent - and a new high when it comes to student enrollment, up 32 per cent. Taaleem boss Alan Williamson tells us about what's behind those record numbers. We also get reaction to Sam Bankman-Fried’s 25-year jail term from lawyer Shahram Safai of Afridi & consulting expert Ruth Bradley. See omnystudio.com/listener for privacy information.
3/29/2024 • 31 minutes, 57 seconds
What's the global impact of the Baltimore bridge collapse?
28 Mar 2024. We have the latest on the new ADNOC oil field which has started production at the offshore Belbazem oil field, which will pump up to 45,000 barrels per day. We also speak to Capt. Zarir S. Irani, Managing Director, Constellation Marine Services about the fears that have been raised around potential disruption to global supply chains following the Baltimore bridge collapse. Plus, Dubai is contemplating the possibility of an initial public offering (IPO) for construction firm ALEC Engineering & Contracting, amidst a surge in its real estate sector as property prices in the emirate hit near-record levels, reported Bloomberg. Ziad Awad, Founder and CEO, Awad Capital explains what could happen. And, 1.2 Million people visited Louvre Abu Dhabi last year. Manuel Rabaté, Director, Louvre Abu Dhabi explains how many of the visitors were UAE residents, and how many were tourists.See omnystudio.com/listener for privacy information.
3/28/2024 • 36 minutes
Which sectors could see salaries increase this year?
27 Mar 2024. We have the latest on the closure of Baltimore Port after a bridge collapse poses the latest challenge to global shipping and logistics. We also look at Mercer's outlook for wages with their regional careers principal Vlad Vrzhovski as they say UAE salaries should rise 4 per cent this year on average, outpacing inflation. Plus, we speak to the company partnering with the RTA to create co-working spaces in Metro stations. And, as Sri Lanka unexpectedly cuts interest rates, we cross live to Columbo to speak to research analyst Arshad Ismail.See omnystudio.com/listener for privacy information.
3/27/2024 • 33 minutes, 25 seconds
The CEO of Boeing steps down: but why now and what is completely his decision?
26 Mar 2024. We discuss the latest on Boeing CEO Dave Calhoun stepping down by the end of this year in a management shake-up, after concerns about safety issues at the plane maker as well as reaction to Trump’s civil fraud case being reduced to $175 Million. We talk nuclear energy, as the UAE turns on its fourth and final reactor with nuclear safety chief Sara Al Saadi. Plus, we speak to Dr. Luc Verburgh, Chief Academic Officer, HCT (Higher Colleges of Technology) about their new pathways, diplomas and vocational training aligned to labor market demands. And, does good weather this Ramadan mean less demand for tents? We speak to temporary structure maker - Arena Group.See omnystudio.com/listener for privacy information.
3/26/2024 • 31 minutes, 10 seconds
UAE President visits Egypt following $35 billion investment.
25 Mar 2024. The week ahead looks like the calm after the storm following last week’s tempest of central bank decisions, but what will investors be looking at this week? We get the latest from Jeanne Walters of Emirates NBD. We also look at the trade implications of the big Presidential meeting between the UAE and Egypt with Standard Chartered's MENA economist. Plus, we analyze the latest economic twists in the US election campaign, with Professor Adam Ramey of New York University Abu Dhabi. And, we'll find out why cyberattacks in the UAE surge during Ramadan.See omnystudio.com/listener for privacy information.
3/25/2024 • 30 minutes, 51 seconds
Parkin shares jump 35% on listing
We speak to markets lawyer Andrew Tarbuck of Al Tamimi & Co about Parkin's first day as a listed company and asked who might be next in the IPO pipeline. Plus, we get reaction on two big tech stories: the US suing Apple for being a “monopoly”, while Redditt jumps 50% on debut with tech journalist, Kevin Sebastian.See omnystudio.com/listener for privacy information.
3/22/2024 • 33 minutes, 22 seconds
The US Fed and UAE Central Bank keep rates on hold
We speak to Emirates NBD chief economist Khatija Haque about what the Fed might do next. Plus, what that decision to keep rates high could mean for the UAE mortgage market with Espace Real Estate boss John Lyons. And, how to protect your crypto wallet from hackers? We speak to one UAE security firm that’s just got a license in Abu Dhabi. See omnystudio.com/listener for privacy information.
3/21/2024 • 27 minutes, 33 seconds
How much will it cost for Eid Travel this year?
We look at how Eid travel bookings are going with Mamoun Hmedan, Chief Business Officer of Wego. Plus, the giant CERAWeek energy gathering in Texas – we get the inside story from veteran Middle East oil expert Andy Critchlow, of S&P Global Platts. And, S&P warning for the likes of Etisalat are facing market saturation, we speak to S&P technology analyst Tatjana Lescova. And, Emirates airline is looking to increase its cabin crew by around 25%. We find out just how that works with the Vice President of Cabin Crew Samantha James.See omnystudio.com/listener for privacy information.
3/20/2024 • 38 minutes, 17 seconds
Interest Rate watch!
Japan has raised interest rates for the first time in 17 years - but only to 0.1%, while Australia kept rates on hold at 4.35%. We get reactions to breaking interest rate stories with Josh Gilbert, Market Analyst, eToro. Plus, is UAE property companies looking to develop outside the country in places like Europe and the USA? We asked Taimur Khan, Head of Research – MENA at CBRE. And we get the thoughts of energy expert Sean Evers about the outrageous comments from Aramco CEO.See omnystudio.com/listener for privacy information.
3/19/2024 • 28 minutes, 7 seconds
UAE imports of American goods jump 19%
We get the details on that booming trade between the UAE and America, with the ex-head of the US economics team at the embassy in Dubai. Plus, it's super central bank week! Emirates NBD economist Khatija Haque joins us live. And plenty of woes for Boeing: is the plane maker to big to fail? We asked Keith Tonkin, Managing Director, Aviation Projects Pty.See omnystudio.com/listener for privacy information.
3/18/2024 • 28 minutes, 35 seconds
Parkin sets new record for IPO oversubscription.
15 Mar 2024. We’ve had earnings from two Dubai private companies – DP World and Majid Al Futtaim. Dan Richards, senior economist, Emirates NBD gives us analysis from a macro perspective and he gives us his key takeaways from the IEA oil demand/supply report. Plus, we cross live to Texas talking all things America – from TikTok and Trump to oil and interest rates - with economist Jason Schenker. As Parkin sets a new record for IPO oversubscription, we look at what we can take from the IPO process with Dean Kemble, Chief Commercial Officer of GSB Capital. And, we speak to crypto watcher Arnaud Cart about the latest Bitcoin surge. See omnystudio.com/listener for privacy information.
3/15/2024 • 37 minutes, 5 seconds
What does Ramadan mean for food delivery?
14 Mar 2024. We get reaction from Dan Richards, senior economist at Emirates NBD, on DIFC's new law covering digital assets and reaction to ratings agency Moody’s raising its outlook on UAE banks to ‘positive’. Plus, what does Ramadan mean for food delivery? We speak to Careem's vice president of food who explains that demand peaks in the final week - with Lebanese food and sweets seeing the biggest spike. The chief legal officer of DIFC, Jacques Visser, breaks down that new groundbreaking digital assets law. And, Google has confirmed it is restricting the types of election-related questions users can ask its AI chatbot, Gemini - NYU Abu Dhabi professor Nancy Gleason tells us more.See omnystudio.com/listener for privacy information.
3/14/2024 • 31 minutes, 5 seconds
Is Ramadan the right time to buy a car?
13 Mar 2024. Emirates NBD give us the latest on what US inflation means for next week's Fed decision. Plus, as global olive oil prices rise, we speak to Spinney's general manager, Tom Harvey to find out if customers will feel the impact. The boss of StarzPlay, Maaz Sheikh, joins us live in studio: can Ramadan TV-watching fight off social media and video games? And, car dealers typically sell 50%+ more cars than their yearly average during Ramadan. So, is Ramadan the right time to buy a car? Glenn Harwood, Co-Founder, AlgoDriven tells us more. See omnystudio.com/listener for privacy information.
3/13/2024 • 32 minutes, 44 seconds
Dubai property sets new February record.
12 Mar 2024. Abu Dhabi has signed off on 66 billion dirhams worth of infrastructure projects, including parks, cycle tracks and housing developments - but is this a significant new investment and how does it fit with Abu Dhabi’s Vision 2030 economic strategy? We also look at increasing volumes and prices in the Dubai property market with Property Monitor's Zhann Johincke. Plus, as Bitcoin hits new record highs of above $72,000 - Ronit Ghose, Global Head, Future of Finance, Citi explains whether the world needs crypto. And, we'll find out if record gold prices are deterring buyers with the team from Siroya jewellers.See omnystudio.com/listener for privacy information.
3/12/2024 • 29 minutes, 28 seconds
Bayut CEO says the portal has taken down 30% of property listings.
11 Mar 2024. We get reaction to the Saudi economy shrinking by just under 1 per cent as well as Saudi Aramco posting lower profit but upping dividend. We look at what the UAE's first banking ombudsman means for customers with lawyer Alfred Thornton of Clyde and Co and what the UAE's first banking ombudsman means for the financial sector with the director general of the UAE Banks Federation. Plus, the CEO of Bayut, Haider Ali Khan, tells us how the portal has taken down 30% of property listings since a crackdown by RERA last month. And, finally we'll hear about UAE CEOs predicting bumper revenue and bonuses, with the team from Cooper Fitch.See omnystudio.com/listener for privacy information.
3/11/2024 • 38 minutes, 34 seconds
Dubai levies 20% tax on foreign banks outside DIFC.
08 Mar 2024. Dubai has updated the law when it comes to the 20% tax on foreign banks operating in the emirate outside the DIFC. However, tax accountant Thomas Vanhee explains banks will NOT end up paying more tax, as federal bank tax will be deducted from it. We also speak to Agthia CEO Alan Smith about why they're seeing a 12% growth in revenue. Plus, we get reaction to the ECB's decision to keep rates at record highs with economist Dr Stefan Gerlach. And, on International Women’s Day, fund manager Heather Henyon tells us why all-female start-ups receive just 0.5% of regional Venture-Capital. See omnystudio.com/listener for privacy information.
3/8/2024 • 30 minutes, 11 seconds
UAE seeing a rise in wealth managers.
07 Mar 2024. As the UAE sees a big jump in wealth managers we speak to Insight Discovery boss Nigel Silitoe about that growth in wealth management firms. Plus, our interview with Etihad Airways, CEO Antonoaldo Neves, on profit and a possible IPO. We'll also speak to Dubai Future District Fund CEO, Sherif El Badawi, about the fund's 2024 priorities. And we hear from Espace Real Estate as new rules say real estate brokers must update listings within 3 days. See omnystudio.com/listener for privacy information.
3/7/2024 • 38 minutes, 41 seconds
Residential rents in Dubai could be set to rise: could it affect you?
06 Mar 2024. We get reaction to the boom in gold and Bitcoin with Vijay Valecha, Chief Investment Officer at Century Financial: is it the beginning of a bull run, or is the bubble about to burst? BetterHomes CEO, Richard Waind, explains how residential rents in Dubai could be set to rise, following changes to the RERA rental index - but what could this mean for you? Plus, Aviation analyst Vinamra Longani joins us live in the studio to discuss the latest aviation stories including speculation about an Etihad IPO and the rebirth of Air India. And as China sets an 'ambitious' 5% growth target we speak to Tianchen Xu, Senior Economist at The Economist Intelligence Unit in China to get his take on China's vision to double its economy in the next 15 years.See omnystudio.com/listener for privacy information.
3/6/2024 • 43 minutes, 7 seconds
What does the UAE's latest PMI data mean for us?
05 Mar 2024. As China’s National People's Congress in Beijing gets underway, we get analysis from Ed Bell, Senior Director, Market Economics, Emirates NBDon their 5% growth target and how that will impact the UAE. We'll also look at the Parkin shares which go on sale today. Plus, it's PMI day today - the latest PMI data for the UAE is out: the economist who wrote the report, Ralf Wiegert, gives us his analysis. And, we'll be going through Saudi's latest PMI data with economist Dr Christopher Payne - and looking at how the private sector in the Kingdom is faring. Finally, the CEO of Salik has said they aim to “expand our footprint” and “widen revenue generating opportunities” - we'll go through the Salik numbers with market watcher Sameer Lakhani.See omnystudio.com/listener for privacy information.
3/5/2024 • 36 minutes, 8 seconds
Emarat sells naming rights to 31 of its service stations.
04 Mar 2024. We speak to OPEC watcher Amena Bakr about OPEC reportedly extending oil cuts into the second half of the year. Emarat is to sell naming rights to 31 of its service stations in Dubai and the Northern Emirates- Ali Al Falasi of Emarat explains how much naming rights will cost and who will be taking the first station. We also speak to the CEO of Dubai Taxi Company about their 50-plus per cent rise in net profit. And, we have an extensive interview with Tarek El Sakka, the CEO of Dubai Refreshment, the company that bottles Pepsi here.See omnystudio.com/listener for privacy information.
3/4/2024 • 40 minutes, 46 seconds
Commuters to pay just over 5 per cent more at the pump this month
01 Mar 2024. We get the thoughts of energy expert Matt Stanley on why petrol prices have risen as well as what could it mean for UAE inflation with economist Khatija Haque. Plus, we unpick the economics of Indian weddings – as the billionaire Ambani family prepare for this weekend’s $100 million nuptials. And, we'll find out how rising cocoa prices are affecting the company behind Ferrero Roche.See omnystudio.com/listener for privacy information.
3/1/2024 • 33 minutes, 56 seconds
UAE expects economy to grow 5% this year.
29 Feb 2024. We look at those UAE GDP projections with Emirates NBD economist Khatija Haque. Plus, with just weeks until the Indian election, HSBC’s chief economist for India, Pranjul Bhandari joins us live. And, we find out how Expo City Dubai's infrastructure a perfect place for mega events and festivals with Anna Abulhoul, Executive Creative Director - Entertainment & Experiences, Expo City Dubai.See omnystudio.com/listener for privacy information.
2/29/2024 • 29 minutes, 33 seconds
Companies who fail to register for corporate tax will face new fines.
28 Feb 2024. We find out about the UAE's new corporate tax fines and deadlines with taxation expert Thomas Vanhee, Founding Partner, Aurifer. Plus, our exclusive interview with CEO of Dubai’s latest hot IPO stock: Mohamed Al Ali. And, were joined in our Al Wasl Dome studio by the man who helped build it, Ahmed Al Khatib, Chief Development and Delivery Officer at Expo City Dubai.See omnystudio.com/listener for privacy information.
2/28/2024 • 28 minutes, 3 seconds
Parkin to offer just under 25% of the company in an IPO
27 Feb 2024. We get the reaction of Sameer Lakhani, Managing Director at Global Capital Partners. Plus, we get the story behind the successfully sold over AED500 million ($136.15 million) worth of land with CEO of Union Properties Amer Khansaheb. And, more of learning about 'Live, Work and Play' - the three pillars that make Expo City Dubai the Human-Centric City of the Future with Manal AlBayat, Chief Engagement and Commercial Officer, Expo City Dubai.See omnystudio.com/listener for privacy information.
2/27/2024 • 34 minutes, 13 seconds
Learning about 'Live, Work and Play' - the three pillars that make Expo City Dubai
The culture that is being created, both in terms of work and play with Expo City Dubai's chief education, culture and human resources officer Marjan Faradooni. Plus, we look at why price growth is slowing in the Dubai property market with Zhann Johincke. And we get reactions to the UAE “grey list” removal from lawyer Kamal Jabbar, and economist Khatija Haque.See omnystudio.com/listener for privacy information.
2/26/2024 • 32 minutes, 10 seconds
flydubai reports record profit as passengers jump 31%.
23 Feb 2024. We'll hear from Jeanne Walters, senior economist, Emirates NBD about Dubai's current boom – what does the data tell us about the Dubai economy today, and the future? As flyDubai reports record profit with passengers jumping 31% - we'll speak to their CEO, Ghaith Al Ghaith, who joins us live to crunch their record numbers. Plus, we'll speak to FedEx's MEISA president about their new AED1.3 billion regional hub at the Dubai World Central Airport. And, as the Japan stock market finally scales the peaks since the 1980s, we speak to a Tokyo stockbroker who lived through it: Professor Dame Heather Mcgregor of Herriot-Watt University in Dubai.See omnystudio.com/listener for privacy information.
2/23/2024 • 29 minutes, 34 seconds
Is Dubai's property market keeping up with last year's success?
22 Feb 2024. We get reaction from Jeanne Walters of Emirates NBD about the economic significance of the massive solar investment going into the UAE economy. We'll also find out how Emirates Airlines are able to serve 149 meals every minute with Gustaf Oholm, SVP of Catering and Cabin Services, Emirates Airlines. Plus, Vladimir Dashkeev, Assistant Professor, Department of Economics, Seattle University talks us through the Fed meeting minutes that have been released to the public - the minutes could provide insight into the on going debates around internet rates this year. And, as the historic Pepsi factory in Al Quoz is sold for nearly quarter of a billion dirhams, we ask Andrew Love of Knight Frank: what does "Industrial Estate 2.0" look like in Dubai? Finally, we'll ask John Lyons of Espace Real Estate how the property market is shaping up so far this year, compared to last year's very active start. See omnystudio.com/listener for privacy information.
2/22/2024 • 30 minutes, 59 seconds
Which chemical empire has just bought a stake in Manchester United?
21 Feb 2024. The Bank of England says it’s too early to cut rates – despite a UK recession and a grilling from politicians, calling for aggressive rate CUTS to fight the UK recession. Jeanne Walters, senior economist, Emirates NBD tells us about the outlook for UK rates – and the pound. We also speak to the billionaire family behind the Ineos chemical empire and Manchester United – that now wants to sell you an SUV. George Ratcliffe, Commercial Director, INEOS Automotive – son of founder, Sir Jim – tells us more. Plus, we hear from aviation expert Geoff Thomas live from Singapore, on that surprising ‘no planes’ decision by Boeing. And, we talk the finance of food with Dubai's potato chip king - Ananya Narayan, CEO of Hunter Foods.See omnystudio.com/listener for privacy information.
2/21/2024 • 31 minutes, 28 seconds
Dubai Metro sets new passenger records.
20 Feb 2024. Jeanne Walters of Emirates NBD gives us the latest on Germany’s central bank warning that the economy will shrink this quarter - sending Europe's top economy into recession. The number of passengers on public transport in Dubai hit 702 million riders in 2023, that's a 13 per cent increase when compared to the ridership numbers in 2022, which was 621.4 million. Roger Cruickshank, Senior Director, Transport – MEA, AtkinsRéalis joins us to explain their ideas for building a “20 minute city”. Plus, as OpenAI’s new text-to-video tool, Sora, sets the internet alight - we find why with Radio Free Mobile CEO, Richard Windsor. And finally, as Gulfood continues to bring in the crowds, we'll find out about the future of the food industry - with the newly appointed Director of the Italian Trade Agency. See omnystudio.com/listener for privacy information.
2/20/2024 • 33 minutes, 45 seconds
Passengers through Dubai Airport jumped by a third last year to 87 million.
19 Feb 2024. UAE non-oil trade set a new record last year, at almost $1 trillion- Senior Economist, Emirates NBD, Jeanne Walters has the latest on that. We'll also hear from Dubai airports CEO Paul Griffiths - basking in the glory of last year's record high, and making bold predictions for this year as they've seen passenger traffic jump by a third since last year, to a record 87 million. That's 1% above pre-pandemic levels. Plus, we'll hear from Rob Anasari, Head of Investments and Retirement, IMEA, Mercer speaking to consulting firm Mercer, about how retaining expats into retirement could be a major opportunity for the UAEs long term growth. And, finally we'll speak to Legal Consultants Afridi & Angell about why Real estate agents in Dubai could be facing fines for fake property listings.See omnystudio.com/listener for privacy information.
2/19/2024 • 31 minutes, 51 seconds
UAE positions itself as a global leader in AI regulation.
16 Feb 2024. As Dubai hosts its biggest ever music festival with performances from the likes of Ellie Goulding and Tiesto, we speak to the organiser about the economics and logistics of 'Untold'. We also look back on a week of big names and even bigger claims about AI at this week’s World Government Summit, with Professor Nancy Gleeson of NYU Abu Dhabi. And, as the UK joins Japan as the second big economy this week to enter a recession, we'll find out what a shrinking economy could mean for you, with Dan Richards, Emirates NBD. Plus, property buyers in Dubai could expect a relief from record prices this year, with market values in the luxury segment forecast to ease. We'll have the latest on that with Andrew Cummings, Head of Residential Agency, Savills Middle East.See omnystudio.com/listener for privacy information.
2/16/2024 • 30 minutes, 23 seconds
80% of UAE firms plan to give pay rises this year.
15 Feb 2024. We've got the latest from Narendra Modi and Shah Rukh Khan, who've been speaking at the World Government Summit this week, as well as reaction from Dan Richards, senior economist at Emirates NBD, on what we can draw from corporate reports about the macro economy as earnings season comes to a close. Eight out of 10 of employers in the UAE plan to give pay rises this year, according to recruitment firm Hays. Oliver Kowalski of Hays explains where the "sweet spots" are, with rises of up to 30%. Plus, the CEO of Al Ansari Exchange tells us why remittances are falling, despite a growing expat population. And, we'll hear from Sean Evers, Founder & Managing Partner, Gulf Intelligence about Adnoc and BP's latest joint venture in Egypt that will focus on the development of gas assets.See omnystudio.com/listener for privacy information.
2/15/2024 • 31 minutes, 56 seconds
Are your health insurance premiums going through the roof?
14 Feb 2024. We've got the latest on the Etisalat earnings - net profit seeing little change for the year at Dhs 10 billion. Dubai health insurance transactions reached $5.9bn last year as the value and volume of the sector continues to grow, but are your health insurance premiums going through the roof? Broker Stephen MacLaren crunches the latest numbers and explains what it means for expats wanting to retire here in the UAE. Plus, Bitcoin crossed 50 thousand dollars this week, for the first time in two years - we speak to digital assets advisor Toby Young. And, as earnings season continues - we hear from Hazem Ben-Gacem, Vice Chairman of Investcorp Capital and Co-CEO, Investcorp Holdings on their latest numbers. See omnystudio.com/listener for privacy information.
2/14/2024 • 33 minutes, 20 seconds
Dubai's demand for luxury cars
We’ve got all the insights from the World Governments Summit as Richard headed down there to find out the latest. UAE-based Gargash Group has announced the opening of the Mercedes-Benz Brand Centre, a first of its kind facility in the region. As part of World Radio Day, we broadcast live from the centre at the Dubai Design District and speak to Thomas Schulz, General Manager, Mercedes-Benz (Dubai) about the radical disruption of the auto industry. Plus, as earnings season continues, we hear from not one, but two CFO’s about their latest earnings - first Adnoc Gas CFO Peter Van Driel and then Adnoc Drilling CFO, Youssef Salem.See omnystudio.com/listener for privacy information.
2/13/2024 • 28 minutes, 39 seconds
RTA signs deal for air taxis in the sky by 2026.
12 Feb 2024. We have the latest on how Dubai's heavy rain is effecting flights with Dubai Aiports CEO, Paul Griffiths and we'll hear whats been happening at the World Government Summit as Rich headed down yesterday to bring us the latest. Dubai's RTA has approved the final design for flying taxis and vertiports (vertical airports) and they will be launched in the emirate by the end of 2025. Ahmed Bahrozyan, CEO, Public Transport Agency, RTA tells us more. Plus, we'll speak to Arnaud Verchere, Founder and Head of Strategy, Tonic International about today’s Superbowl that has set a new advertising record at $650 million, according to agency Dentsu, with the presence of Taylor Swift in the crowd drawing in unprecedented attention. And, a new auction-based taxi hailing service being rolled out in Dubai this month, which could end up reducing your fares - we speak to founder and CEO, Firdosh Sheikh. See omnystudio.com/listener for privacy information.
2/12/2024 • 32 minutes, 20 seconds
Dubai records its best-ever annual tourism performance.
09 Feb 2024. We've got the latest on earnings from three big-name companies - Salik, Dewa and Emaar with Sameer Lakhani, Managing Director, Global Capital Partners. Plus, as Dubai records its best-ever annual tourism performance in 2023, with international tourist arrivals increasing by 19.4 per cent annually to 17.15 million, we'll hear from the Dubai department of Economy and Tourism on why it's been such a record year. Ahead of the Lunar New Year, we speak to Dubai-based family business magnate - Patrick Tsang, live from Hong Kong. And, we hear from one UAE law firm about why they're seeing an increase in IP applications. See omnystudio.com/listener for privacy information.
2/9/2024 • 36 minutes, 3 seconds
Dubai sets new visitor record for 2023.
08 Feb 2024. We've got the latest on Adnoc Distribution which saw net profit dip slightly by around 4 per cent last year - we'll find out why with CEO Bader Al Lamki. Plus, Josh Gilbert, Market Analyst, eToro gives us reaction to some big earnings from Wednesday night, including Disney and Uber. He'll also give us the latest on earnings for weightloss drugs- Eli Lilly and Nintendo which have been released today. We'll find out what that record year for Dubai tourists felt like on the ground with Radisson boss David Allen and as Dubai’s prime residential property market grew at the fastest pace among all the global cities in 2023, Clementine Munro, Espace Real Estate gives us the latest. See omnystudio.com/listener for privacy information.
2/8/2024 • 33 minutes, 47 seconds
Business expansion across Saudi seeing 4x increase since 2018.
07 Feb 2024. We've got the latest on Dubai Taxi's preliminary results - they've seen a 54% increase in net profit year on year. Plus, retail Group LuLu is said to be picking support for an IPO - we look at the appetite for family company offerings with veteran market man Mohammed Yasin. Business Expansion Activity Across Saudi Arabia Sees 4X Increase Since 2018, Says AstroLabs first Saudi Market Entry Report - Alex Nicholls, Head of Enter KSA at AstroLabs quantifies the increase for us. We're also talking private jets with Thomas Flohr, Founder and Chairman of the Dubai private Jet company - Vista. They flew 87,000 flights last year – nearly double pre-pandemic levels. And, Wego data showed that Saudi Arabia, Egypt, and India remain the top travel destinations in Q4’2023. Mamoun Hmedan, Chief Business Officer at Wego tells us more.See omnystudio.com/listener for privacy information.
2/7/2024 • 29 minutes, 52 seconds
Saudi GDP declined by point 9 of one per cent last year.
06 Feb 2024. That's according to new official statistics - driven by a drop of more than 9 per cent in oil activities. However, the non-oil economy grew by more than 4 and a half per cent. We'll have the latest on that live from Saudi. We're also joined by economist Dr Christopher Payne, Chief Research Officer, Coldwell Banker Saudi Arabia, who talks us through those Saudi GDP numbers. Plus, the head of IPOs at consultancy EY, Gregory Hughes, on the flurry of new listings in this year’s pipeline. And, we speak to commercial shipping expert, Dr. Krishna Prasad, as Egypt’s Suez Canal revenues fall by almost half.See omnystudio.com/listener for privacy information.
2/6/2024 • 30 minutes, 19 seconds
Boeing in ‘last chance saloon’, warns Emirates head, Sir Tim Clark
05 Feb 2024. We speak to aviation expert Nick Humphrey as he gives us his reaction to Emirates boss Sir Tim Clarke warning Boeing it's in the "last chance saloon" when it comes to fixing technical problems. Maurice Gravier, Group Chief Investment Officer, Emirates NBD joins us with a sobering message for investors: “expect modest returns, with high volatility.” Plus, we hear from Asad Jamil, Senior Consultant - Banking and Financial Services, Robert Walters about whether the jobs market is glass half full or half empty. And, we'll hear from Zbooni about their new c-commerce survey that shows we still want to deal with humans, not AI.See omnystudio.com/listener for privacy information.
2/5/2024 • 28 minutes, 36 seconds
Bank of England leaves rates unchanged.
02 Feb 2024. We'll look at why the BOE kept interest rates on hold with Ed Bell from Emirates NBD and get reaction to India's budget yesterday. We'll also speak to Borouge CFO, Jan Martin Nufer, about their 2023 earnings and what 2024 means for new office space with Ben Bargh of CRC. Plus, we'll speak to Motoring Journalist and Motor Mania host, Damien Reid, about Lewis Hamilton's shock move to Ferrari for the 2025 season. See omnystudio.com/listener for privacy information.
2/2/2024 • 27 minutes, 52 seconds
The Fed leaves rates on hold and the UAE Central Bank immediately follows suit.
01 Feb 2024. We've got reaction to the Federal Reserve leaving interest rates on hold – with the UAE Central Bank immediately following suit and the UAE base lending rate remaining at 5.4% - that's with Ed Bell, Senior Economist, Emirates NBD. We also get his take on UAE petrol prices rising around 2 per cent. Plus, we cross live to the US as we speak to investor Keith Fitz-Gerald who has reaction to that Fed rate decision, and earnings from Boeing. We also look at what interest rates being on hold means for our housing market with the co-founder of Nomad Homes, Helen Chen. And, Emirates Post Group has just rebranded - we speak to the Group CEO, HE. Abdulla Mohammed Alashram, about where post is going. See omnystudio.com/listener for privacy information.
2/1/2024 • 29 minutes, 57 seconds
30% of UAE workers planning to switch jobs
31 Jan 2024. We'll have the latest on the IMF report with reaction from Emirates NBD senior economist, Ed Bell who tells us what local conclusions we can draw from numbers on the world, oil and Saudi. Why are more than a third of UAE workers planning to switch roles in 2024? Zahra Clark, Head of MENA, Tiger Recruitment tells us what people are looking for this year and why it's a time of action. The World Gold Council's gold demand trends report has revealed annual gold demand fell by 5% in 2023 - Andrew Naylor of the World Gold Council gives us his reaction. Plus, Ras Al Khaimah has launched a massive mixed-use development that will have grade A offices and become the largest commercial business district in the northern emirates - Paula Jane Cox, a business owner fully integrated in supporting business growth in RAK, tells us more.See omnystudio.com/listener for privacy information.
1/31/2024 • 35 minutes, 20 seconds
Ras Al Khaimah to get a new business district.
30 Jan 2024. RAK Central will include more than 3 million square feet of office space, over 4 thousand apartments and three hotels. We'll find out why we're seeing growing interest in the northern emirates with Anthony Payet, Sales and Leasing director for Vibe Real Estate in RAK. Plus, RAKBank is the latest UAE lender to report record profit - the CEO of RakBank, Raheel Ahmed, joins us live in the studio to tell us if the UAE banking boom is sustainable. The world's largest cruise ship set sail this weekend- we'll speak to the regional managing director of Royal Caribbean, the company behind her. Finally, the Stanley Cup has gone viral, with sales chaos in the US - but are we seeing the same demand here? We'll speak to regional distributor Ramrod General Trading.See omnystudio.com/listener for privacy information.
1/30/2024 • 34 minutes, 22 seconds
Tech valuations are on the rise - but what about tech layoffs?
We’ve got the latest on Dubai’s international growth initiative, the Fed and BoE setting rates and what’s moving the oil price this week with Ed Bell, Senior Economist, Emirates NBD. Plus, tech valuations are on the rise - but so are tech layoffs; we'll look at what it all means for the region's tech workforce with recruiter Andrew Croft. We’ll also look at where investment is likely to flow into the region with a new report from Lumina Capital. And why are UAE banks reporting blockbuster profits – and can they keep it up? Veteran banker Asad Ahmed tells us more.See omnystudio.com/listener for privacy information.
1/29/2024 • 28 minutes, 4 seconds
Aldar announces new holistic living project.
26 Jan 2024. We've got the latest on US GDP at 3.3% for the fourth quarter and that fighting talk from Christine Lagarde – as well as reaction from economist Khatija Haque. It's a double dose of real estate leaders today as we speak to Aldar Development CEO, Jonathan Emery, who's here to tell us about his latest development. And he’s brought a mate - Chef Izu! He'll tell us why he's getting involved in this latest project. We'll also speak to Arada real estate CEO, Ahmed Alkhoshaibi, who explains why they're seeing huge demand for premium communities in Sharjah. Plus, we're talking about the finance of football: as Real Madrid knock Manchester City off their perch as the world’s richest club, Deloitte sports expert Izzy Wray is here to crunch the numbers.See omnystudio.com/listener for privacy information.
1/26/2024 • 38 minutes, 59 seconds
Is the cost of living really easing up?
25 Jan 2024. We'll discuss top lawyer Habib Al Mulla's calling for a Salik price hike to curb congestion and we'll get the latest from Emirates NBD chief economist Khatija Haque on the sharp drop in Dubai inflation: is the cost of living really easing up? Plus, we'll hear from Clementine Munro, Associate Director - Head of Apartment Sales, Espace Real Estate about what fancy amenities mean for service fees - and rents down the road. And, as Shares of Tesla fall 5%, we'll speak to Jessica Amir, Market Strategist, moomoo on what that means for the company. See omnystudio.com/listener for privacy information.
1/25/2024 • 33 minutes, 40 seconds
UAE scraps minimum payment for property golden visa.
24 Jan 2024. We get reaction to the New Hampshire primaries, with Professor Adam Ramey of New York University, Abu Dhabi. Plus, as China prepares to inject a quarter of a trillion dollars into its flagging stock market, veteran Asia investor Gary Dugan reveals his China strategy. We also hear from the property company using an online auction to rent apartments in a new building with Abdulla Al Shaibani, Founder, Alphabeta Properties and we'll look at what an uptick in projects from smaller developers means for the property market with Zann Johincke of Property Monitor. Finally, as the UAE scraps minimum payment for property golden visa - we'll find out what it all means with Merani, Senior Reporter, AGBI. See omnystudio.com/listener for privacy information.
1/24/2024 • 49 minutes, 35 seconds
What does the future hold for companies who fail to embrace AI?
23 Jan 2024. We'll get the latest on UBS raising its gold price forecast this year by 10% with Khatija Haque, Chief Economist, Emirates NBD, and we'll get her reaction to Japan's latest interest rates. We'll also speak to PWC partner Stephen Anderson about what the future holds for companies who fail to adapt in the face of technology. Plus, the Ministry of Human Resources and Emiratisation can now act as a court - we'll find out what that means for companies and claimants with the lawyer Jim Berry. And we're talking the economics of video games, as a UAE firm signs a Dhs200 million deal to open gaming centres across Saudi Arabia.See omnystudio.com/listener for privacy information.
1/23/2024 • 33 minutes, 29 seconds
Dubai real estate shatters records.
22 Jan 2024. Khatija Haque, Chief Economist, Emirates NBD joins us to discuss Dubai's GDP growth. She'll also have the latest on Dubai real estate and Wall Street stocks that have set new records. Taking a deeper look at the Dubai property market, property expert Richard Waind, Betterhomes, takes us through those blockbuster Dubai property stats. Plus, we'll speak to the DME about their 33 per cent stake sale to the Saudi Tadawul. And, as Azizi starts work on a 'vertical' shopping mall in a skyscraper, we ask: does anyone really go shopping on the 7th floor? Veteran mall expert David Macadam tells us more. See omnystudio.com/listener for privacy information.
1/22/2024 • 31 minutes, 10 seconds
Does Oil make the world go round?
19 Jan 2024. As the UAE rolls over $2 billion of aid and pledges billions more infastructure - we'll find out the significance for Pakistan and the UAE. We'll also hear from Amena Bakr, Deputy Bureau Chief & Chief Opec Correspondent, Energy Intelligence Group about the surprise Saudi swoop on Dubai’s commodity hub. Plus, the UAE is closing in on its Operation 300 billion target for the industrial sector. We'll hear from His Excellency Omar Ahmed Suwaina Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology for the latest on that. Finally, we'll find out about the region's most valuable brands with brand expert.See omnystudio.com/listener for privacy information.
1/19/2024 • 32 minutes, 28 seconds
UK inflation rises unexpectedly.
18 Jan 2024. We'll have the latest from Dan Richards, Senior Economist, Emirates NBD on UK inflation and how its punctured interest rate cut hopes. We'll also speak to Jon Ede, Regional Director, Michael Page UAE on what people are looking for in the jobs market. Plus, as Samsung unveils its latest weapon in the smartphone wars - handsets powered by AI - regional boss Fadi Abu Shamat joins us in studio. And, we'll hear from Richard Quest, CNN Anchor and Correspondent as he updates us on the latest developments coming out of Davos. See omnystudio.com/listener for privacy information.
1/18/2024 • 31 minutes, 30 seconds
China’s economy grew 5.2% last year.
17 Jan 2024. We'll have the latest developments from Davos and the future of AI. We'll also cross live to Shanghai, for reaction to China’s breaking GDP data: what does lukewarm growth in the world’s second biggest economy mean for the UAE? That's with Weisi Xie, Director, Shanghai, Economist Intelligence Unit. Plus, we speak to the GM of OKX - one of the world's largest cryptocurrency exchanges who have just been granted a regulatory license in Dubai that will allow it to offer crypto services to retail clients. And, as India’s stock market hits a record high, we speak to a UAE investment firm Lunate Capital giving retail investors access to India.See omnystudio.com/listener for privacy information.
1/17/2024 • 33 minutes, 6 seconds
World economy set to slow this year.
16 Jan 2024. We speak to Standard Chartered global chief investment officer - and long term friend of the show - Steve Brice about his investment themes for 2024. Plus, as billionaires gather in Davos for the World Economic Forum, the former WEF boss Fred Sicre joins us to explain why he believes it's still a significant event. And, as Oxfam releases its report on the "decade of division" which has seen the wealth of the five richest men double since 2020, Simon Miln, Managing Director at Miln International joins us live from Davos where he's been sleeping rough in a tent in -17 to raise awareness of homelessness. See omnystudio.com/listener for privacy information.
1/16/2024 • 31 minutes, 46 seconds
UAE sees 3% more new jobs created in Q4.
15 Jan 2024. Daniel Richards, Senior Economist, Emirates NBD gives us the latest on the situation in the Red Sea as oil prices flip-flopped last week amid the regional instability. As container shipping rates for key global trade routes soared this week, with U.S. and UK air strikes on Yemen stirring fears of a prolonged disruption to global trade in Red Sea, one of the world's busiest routes, we hear from the founder of online broker Container X-change. Plus, we hear from Slav Shakhov, Managing Partner, Cooper Fitch as he explains there's been a 6% increase in the number of new jobs in the GCC in quarter four 2023 when compared with quarter four 2022. Finally, could free transport for students in Dubai help curb the traffic? We'll have more on that with James Mullan, Founder, Which School Advisor.See omnystudio.com/listener for privacy information.
1/15/2024 • 32 minutes
School operator Taaleem reports a 60% jump in profit on record student numbers.
12 Jan 2024. We'll hear from Ed Bell on that surprisingly hot US inflation report – and what it means for YOUR loan payments. As UAE school operator Taaleem posts a record revenue of Dh258.7 million during its first quarter, rising 11.5 per cent on the back of a 26.6 per cent spike in student enrolments, Alan Williamson, CEO, Taaleem joins us to tell us what's behind the numbers. Plus, the IEA is predicting big growth for renewable energy this decade -we'll find out what role we can play in it with Robin Mills. Finally, with be talking gold with Chris May, CEO, Dubai Golf as Rory McIlroy headlines the field at the inaugural Dubai Invitational this week as the 2024 DP World Tour begins.See omnystudio.com/listener for privacy information.
1/12/2024 • 28 minutes, 31 seconds
Air travel passes 99% of pre-pandemic demand.
11 Jan 2024. We get the latest from President Sheikh Mohammed's visit to India with Shalini Mittal, Principal Economist, Asia, Economist Intelligence: EIU who explains how relationships are being strengthened and find out the key economic takeaways with Ed Bell, Senior Director, Market Economics, Emirates NBD. We'll also be talking cups - Stanley Cups to be specific and why everyone's raving about them. As air travel passes 99% of pre-pandemic demand, we hear from Kashif Khalid, Regional Director – Middle East & Africa, IATA. Plus, we'll speak to Hoor Al Khaja, Senior Vice President - Operations, Dubai's Department of Economy and Tourism (DET) about Dubai being crowned the No.1 global destination in the Tripadvisor Travellers’ Choice Awards for the third consecutive year. Finally, we'll be talking property with Espace Real Estate MD, John Lyons, exploring the key findings from their latest report.See omnystudio.com/listener for privacy information.
1/11/2024 • 32 minutes, 2 seconds
The UAE set for 3.7% growth this year.
10 Jan 2024. The Dubai private sector has seen its best performance for 16 months in December, as new PMI data shows one of the fastest rises in new orders and job creation in more than four years. We've got the latest on that as well as The World Bank report who have issued a dire warning on the global economy - it's on track for the worst half-decade in 30 years- that's with the author of that World Bank report - Deputy Chief Economist Ayhan Kose. Plus, we'll speak to Property Finder's Chief Revenue Officer about Dubai's record breaking growth in the real estate sector. And Frank Kane, Editor-at-Large, AGBI tells us the trouble he's facing currently with the rental market.See omnystudio.com/listener for privacy information.
1/10/2024 • 30 minutes, 19 seconds
Investment into UAE start-ups down nearly 50% last year.
09 Jan 2024. Ed Bell, Senior Director, Market Economics, Emirates NBD joins us to discuss his outlook on oil prices which fell 4% overnight, as Saudi cut prices for sales to Asia. We also hear from Fadi Ghandour, Executive Chairman, Wamda Capital to discuss why start-up funding in the Middle East and North Africa (Mena) has seen a decline. Plus, healthcare billionaire Dr Azad Moopen reveals why he’s selling a billion-dollar stake in his Aster empire. Finally, as Saudi broadcast giant MBC closed 30% higher on its stock market debut, we'll hear from Faheem Aziz, Chief Executive Officer, Safa Capital to find out why its shares surged to 32.50 riyals ($8.66) shortly after trading opened.See omnystudio.com/listener for privacy information.
1/9/2024 • 32 minutes, 36 seconds
What the Red Sea situation means for consumers.
08 Jan 2024. Friday's US jobs report was potentially a game changer on inflation, as could be the latest developments in the Red Sea - Ed Bell, Senior Director, Market Economics, Emirates NBD has the latest on that. We'll also hear from aviation expert Geoff Thomas about the US 737 Max 9 grounding, and what it means for Boeing. Plus, we'll find out what the Red Sea situation means for retailers trying to ship goods into Dubai with furniture superstore boss Jens Ravnbol of Jysk.See omnystudio.com/listener for privacy information.
1/8/2024 • 30 minutes, 8 seconds
Dubai Duty Free achieves all-time record sales.
05 Jan 2024. Hiring in the private sector rose at a faster-than-expected pace in December, closing out a strong 2023 for the resilient U.S. jobs market. We've got all the details on that with Jeanne Walters, Senior Economist at Emirates NBD. We'll also speak to Hart Hodges Center for Economic and Business Research, Professor, Dept. of Economics, Western Washington University to get his take on the jobs market. We'll hear from Kirti Meghnani, Head of Procurement at Choithrams on how the delays to global trade caused by attacks in the Red Sea are set to inflict months of disruption and imminent price rises on supplies of household items and foodstuffs. Plus, we'll look at what these security issues in the Red Sea mean for the cost of shipping insurance - that's with a Singapore-based insurance expert. Finally, we'll be looking at Dubai Duty Free's ground breaking sales year with their COO - Ramesh Cidambi. See omnystudio.com/listener for privacy information.
1/5/2024 • 37 minutes, 4 seconds
Saudi Arabia’s non-oil sector witnesses the fastest sales growth since July 2023.
04 Jan 2024. We'll have the latest on the new Dubai PMI data from Jeanne Walters, Senior Economist at Emirates NBD as the UAE private sector saw strong growth in December, with the latest PMI reading the second-highest since mid 2019. Plus, as Saudi Arabia’s non-oil sector witnessed the fastest sales growth since July 2023, with the Kingdom’s Purchasing Managers’ Index hitting 57.5 in December, we'll get the latest from Omer Zakaria, Associate Director - Country Head Saudi Arabia, Robert Walters. We'll also discuss IHG Hotels & Resorts as they are set to open a headquarters in Riyadh as Saudi Arabia becomes more important to the hotel group, with more than half of its regional hotel pipeline in the country. Haitham Mattar, Managing Director, Middle East and Africa, S-W Asia IHG Hotels & Resorts has the latest on that. Finally, Simon Penney joins us to tell us about being appointed as a Companion of the Order of St Michael and St George after a five-year stint as Britain’s trade commissioner for the Middle East and Pakistan.See omnystudio.com/listener for privacy information.
1/4/2024 • 39 minutes, 27 seconds
Electric car wars
Elon Musk’s Tesla has been knocked off the top spot as the world’s best-seller of electric cars. We talk electric car wars, as China's BYD dethrones Tesla with Craig Stevens, CEO, Dubicars.com. Plus, we speak to the CEO of soon to list robotics company Micropolis about their IPO plans. And, a look at the potential - and potential pitfalls - for start-ups in 2024 with Najla al Midfa of Sharjah Entrepreneurship Center.See omnystudio.com/listener for privacy information.
1/3/2024 • 30 minutes, 33 seconds
Where to invest your money this 2024.
02 Jan 2024. Strategist Keith Fitzgerald of Fitz-Gerald Group reveals his Wall Street “deal of the decade”. Plus, we asked David Mackenzie of Mackenzie Jones what the year might hold for wages here in the UAE. And, real estate data guru Zhann Johincke of Property Monitor discussed what we might happen to property prices - and rents this year, 2024.See omnystudio.com/listener for privacy information.
1/2/2024 • 35 minutes, 47 seconds
BB Christmas Guest Co-hosts: Jasper Hope
We wrap up our series of ‘Christmas Guest Co-hosts’ with Jasper Hope – the man who launched Dubai Opera House, who’s doing it all over again in Riyadh.See omnystudio.com/listener for privacy information.
12/29/2023 • 42 minutes, 40 seconds
Who's going to be driving you home on NYE?
We discuss the economics of NYE - starting with how much will it cost you to drive home with chauffeur service Blacklane. Plus, demand for a nice boat, with the boss of Seven Yachts and the demand for a posh meal with the boss of Dubai restaurant BB Social. See omnystudio.com/listener for privacy information.
12/29/2023 • 30 minutes, 12 seconds
The Business Breakfast Special: Paul Griffiths
We talk planes, trains and motorbikes with this morning's Christmas Guest Co-host - DXB boss Paul Griffiths.See omnystudio.com/listener for privacy information.
12/28/2023 • 51 minutes, 27 seconds
New scheme aims to place thousands of Emiratis in the education sector
We look in more detail at the Emiratisation scheme for the education sector with Sean Robison, CEO, BBD Education. Plus, talking about the growth and future of media industry with global media intelligence company, Mazen Nahawi, Founder & CEO of CARMA. See omnystudio.com/listener for privacy information.
12/28/2023 • 35 minutes, 7 seconds
The Business Breakfast Special: Sunil John
We continue our ‘guest presenter’ series, with the media mogul Sunil John, President, MENA, BCW and Founder of ASDA’A BCW.See omnystudio.com/listener for privacy information.
12/27/2023 • 42 minutes
India seeking more seats for its airlines into Dubai
We speak to aviation expert Vinamra Longani of SGI Aviation about the need for more seats between the UAE and India. Plus, we look at the booming market for medium-stay accommodation with the boss of BNBME, Vinayak Mahtani. And, we discuss the 'winners and losers' on local stock markets for 2023 with Andrew Tarbuck, Partner, Head of Capital Markets, Al Tamimi & Company.See omnystudio.com/listener for privacy information.
12/27/2023 • 32 minutes, 16 seconds
The Business Breakfast Special: Professor Dame Heather J. McGregor DBE FRSE
It's almost the end of the year and how to end it with distinguished guest! The Business Breakfast invited the author, columnist, financier, businesswoman and academic Dame Heather McGregor DBE FRSE. She unveils the keys to her triumphant career and wisdom on achieving success in the business world.See omnystudio.com/listener for privacy information.
12/26/2023 • 47 minutes, 58 seconds
The economics of gifting this Christmas 2023
We found out why cheese is this season’s must-have present, with the CEO of online retailer Joi Gifts, Rami Kahale. Plus, why January 1st is such a big day for UAE corporate tax with ADCB's head of taxation, Addison Younan, Head of Tax at Abu Dhabi Commercial Bank (ADBC). See omnystudio.com/listener for privacy information.
12/26/2023 • 33 minutes, 54 seconds
It's Fly Away Friday!
Big focus on aviation this festive morning on The Business Breakfast! Paul Griffiths talk us through the DXB Airport expected 258,000 passengers this holiday period and how they prepare for it. Plus, Managing Director of Wizz Air, Johan Eidhagen talks through how they’ve doubled both their flights and their passenger numbers this year. And, could rents finally fall in 2024? Louis Harding from Betterhomes talk trends for the new year.See omnystudio.com/listener for privacy information.
12/22/2023 • 32 minutes, 6 seconds
Shipping dispution impact on consumers
Over 120 container ships are being rerouted away from the Red Sea, as logistics companies look to rail and air as possible alternatives. We speak to global trade expert Matt Stanley on how soon that shipping disruption will impact shoppers. Plus, UAE proptech startup, has announced that its mortgage unit in the UAE has processed a record AED 1 billion+ (USD $270 million) in home financing in November 2023. We reflect the boom in demand for mortgages with Sawan Karia, Head of Brokers Channel of Huspy. And, why global investors reckon M&A will recover next year despite continuing pressures on capital? We find out with Nicholas McDonagh, who’s a Senior MD in the region for Teneo.See omnystudio.com/listener for privacy information.
12/21/2023 • 36 minutes, 37 seconds
Would you rather be sacked before Christmas or in the New Year?
We talk the etiquette of firing and hiring with leadership recruitment expert Nathalie Spree, Partner at August Leadership. Plus, nearly half of shoppers are planning to spend more this year than last, and only a quarter are cutting back. Analysis of those numbers with Shane McGinley, the News Editor of Arabian Gulf Business Insight (AGBI). And we speak to Jessica Constantinidis, Innovation Officer EMEA at ServiceNow about the new survey that 79% of surveyed UAE employees agreed that digital skills give people an edge in business.See omnystudio.com/listener for privacy information.
12/20/2023 • 33 minutes, 53 seconds
Oil giant BP has paused oil shipments through the Red Sea
What all this actually means for ships carrying stuff through the Red Sea? We asked Capt. Zarir S. Irani, Managing Director, Constellation Marine Services. Plus, Dubai’s made the Middle East the only region in the world to see FDI growth this year. We’ll find out why and look ahead to 2024 with Glenn Barklie, Principle FDI Economist at GlobalData. And Group chairman and CEO of DP World explain the reason behind their HQ move. See omnystudio.com/listener for privacy information.
12/19/2023 • 37 minutes, 14 seconds
How busy is DXB this holiday season?
Dubai is crazy busy this festive season, but who's coming and what do they want from their holiday? We speak to John Bevan, CEO at dnata Travel Group. Plus, we talk sustainable retail with the boss of Alpha Nero, Simon Hacker. And the “COO Whisperer” and best-selling author Cameron Herold tell us the core leadership skills you need to succeed.See omnystudio.com/listener for privacy information.
12/18/2023 • 32 minutes, 3 seconds
UAE private companies committed to Emiratisation will have priority on government tenders
We ask Lisa Merod, Associate in Clyde & Co’s employment department what could it mean for private company sectors here in the UAE. Plus, it's mince-pie-onomics time - we speak to Tom Harvey of Spinneys about whether Cop28 means we're all roasting Tofurkeys for Christmas. We also look back at the year that was, focusing on tech with Paul Kelly, CEO and co-founder of Sila. And, we' ask Cafu why they're moving into the second hand car market.See omnystudio.com/listener for privacy information.
12/15/2023 • 28 minutes, 39 seconds
The US federal reserve has kept interest rates unchanged
The Federal Reserve has held interest rates steady at a 22 year high. It's the third meeting in a row that rates have held. We get the economist view on what a pause in interest rate movements means for business in Dubai and what it means for mortgage activity with Mathew Montgomery of Espace Real Estate. Plus, a 'historic' global climate deal has been agreed at COP28. We discuss and analyze with Karl W. Feilder, Founder and CEO, Neutral Fuels. And, we say Happy Birthday to Dubai Duty Free - 40 years of Tang and Toblerone. We're joined by the one and only Colm McLoughlin.See omnystudio.com/listener for privacy information.
12/14/2023 • 40 minutes
Who's likely to see a wage rise this year?
We look at the recent salary survey with Trefor Murphy, Founder & CEO of Cooper Fitch. Plus, we discuss the UAE GDP growth with ICAEW expect, Scott Livermore of Oxford Economics Middle East. And, property boss Lewis Allsopp tell us more about some new numbers that suggest house sellers may be setting their expectations too high. See omnystudio.com/listener for privacy information.
12/13/2023 • 28 minutes, 32 seconds
Draft text of COP28 summit agreement prompts widespread backlash from countries vulnerable to climate change
12 Dec 2023. As the text of a draft deal at COP28 has stopped short of calling on nations to gradually phase out fossil fuels, resulting in strong reactions from countries and delegates here, we hear from Christina Voigt. Christina has worked as a legal adviser and climate negotiator for the Government of Norway for more than 10 years. With COP28 drawing to a close, a draft text of the summit agreement has prompted widespread backlash from countries vulnerable to climate change. Tanzeed Alam, Managing Director, Earth Matters Consulting explains how fossil fuels and finance remain key hurdles in the negotiation text at the climate summit. We'll also hear from Steen Jakobsen, Chief Investment Officer, Saxo Bank on their annual Outrageous Predictions for 2024. The eight predictions focus on a series of unlikely but underappreciated events which, if they were to occur, would send shockwaves across the financial markets. Finally, we're talking all things tax with expert John Casey, General Manager - Virtuzone Accounting & Tax.See omnystudio.com/listener for privacy information.
12/12/2023 • 36 minutes, 38 seconds
Sultan Al Jabr calls for compromise
11 Dec 2023. As Sultan Al Jabr tells climate negotiators to get a wriggle on - why does the global economy need a climate deal? And what does reducing emissions mean for the UAE economy? All that with Ed Bell - Senior Economist Emirates NBD. The UAE on Sunday set out a green powered action plan aimed at driving efforts to achieve new environmental goals - we'll speak to Adrienne Doolan, CEO, Green Touches Echoes of Sustainability to get her thoughts on what companies can do to be more sustainable. Plus, as the Cop28 President calls for negotiators to come together, we'll get the current state of talks from Estonia's Vice-minister of Climate. Finally, we'll hear from Nila Pendarovski, General Manager, Rove Expo -on who's been checking in to the only hotel on site at expo city, located in the coveted blue zone. See omnystudio.com/listener for privacy information.
12/11/2023 • 32 minutes, 10 seconds
Saudi's tax waiver for regional HQs.
08 Dec 2023. As Saudi Arabia offers a 30 year tax relief for companies moving their headquarters to the Kingdom, we speak to KSA specialist Alex Nicholls about what this tax waiver could mean for take up. Plus, we'll hear from tax law expert Thomas Vanhee about how the Saudi tax regime is evolving. We'll also get the latest on Binghatti Holdings plans to build a luxury residential Mercedes-Benz tower in Dubai with CEO Muhammad Bingatti. Finally, we'll be talking re-commerce with Lynn al Khatib, VP Communications, Chalhoub Group as the market in the GCC is expected to hit a value as high as $780 million by 2026, up nearly 60 per cent compared to 2022.See omnystudio.com/listener for privacy information.
12/8/2023 • 32 minutes, 29 seconds
COP28: The Buildings Breakthrough.
07 Dec 2023. The buildings breakthrough, the global push for near zero emission and resilient buildings by 2030, has been unveiled at COP. But what came out of the discussions? We get the latest from Dan Richards - senior economist, Emirates NBD. We also hear from Saeed Al Abbar, CEO, AESG about the agreement involving 27 countries and what kind of regulations he wants to see come out of it. Plus, we get the latest on Putin's oil visit to the UAE and Saudi Arabia from Sean Evers, Founder & Managing Partner, Gulf Intelligence. Finally, we'll hear from Eric Salomons, Executive Vice President, Head of Product Development, DFM on their pilot programme for trading carbon credits, scheduled to debut at COP28.See omnystudio.com/listener for privacy information.
12/7/2023 • 30 minutes, 23 seconds
It's transport day at COP28.
06 Dec 2023. We get the latest from Senior Economist, Emirates NBD - Dan Richards and get his take on the pledges we've seen so far and what their knock on economic impacts may be. As the president of the ongoing UN climate talks, Sultan al-Jaber, hits back at claims he denies a core part of climate science, we speak to Karl W. Feilder, Founder and CEO, Neutral Fuels + International Speaker on Net Zero to get his take. Plus, we hear from John Kelly, Rolls-Royce President for META about how its innovations in technology are serving to enable the process of decarbonising hard to abate sectors like aviation, and how these can be accelerated through government support and regulatory frameworks. Finally, we speak to Sarah Townsend, Senior Editor, AGBI about Cop28s total funding pledges made to date. See omnystudio.com/listener for privacy information.
12/6/2023 • 29 minutes, 13 seconds
$57 billion pledged in first four days of COP28.
05 Dec 2023. The Business Breakfast is on the road again and this time we're at Expo for COP28. We speak to Shargiil Bashir, Chief Sustainability Officer, First Abu Dhabi Bank (FAB) about UAE banks pledging more than AED1tn ($272bn) in sustainable finance in a major announcement at COP28 in Dubai. Plus, we'll find out we'll speak to the restaurateur planning to serve quarter of a million meals at Cop - Naim Maadad, Chief Executive & Founder, Gates Hospitality. And, we'll speak to Ian Johnston, Chief Executive, Dubai Financial Services Authority (DFSA) about their latest announcement that it will waive regulatory fees on ESG Nasdaq Dubai listings with immediate effect. Finally, we'll sit down with Atul Arya - Senior Vice President and Chief Energy Strategist, S&P Global to find out more about the major accomplishments at this COPSee omnystudio.com/listener for privacy information.
12/5/2023 • 32 minutes, 30 seconds
COP28: fossil fuel phase out
01 Dec 2023. We have the latest from the OPEC+ meeting, what it means for oil price and what it means for the UAE. But what will lower petrol prices mean for inflation? We put that to Khatija Haque - Chief Economist Emirates NBD. We hear from the CEO and President of Volvo, Martin Lundstedt, about their push for a fossil fuel phase out timetable at Cop. Plus, Aldar Development CEO Jonathan Emery tells us about a big announcement and CBRE's Mr Research, Taimur Khan, tells us about that new study on the premium LEED certified offices can command.See omnystudio.com/listener for privacy information.
12/1/2023 • 34 minutes, 47 seconds
What to expect from today's OPEC+ meeting
As ADFW draws to a close - we get the latest on the US GDP revised upward - why, what does it tell us about the health of the US economy and what could it mean for interest rates and what will it mean for us? We’ll also be looking at what we learned from the Beige Book. As Abu Dhabi global markets grants financial services permission to crypto exchange Rain, we speak to the UAE General Manager, Benjamin Grolimund. Plus, Energy expert Matt Stanley tells us what to expect at today's OPEC+ meeting after it was delayed. Finally, we speak to real estate expert John Lyons about what some unexpected numbers tell us about the off plan market. See omnystudio.com/listener for privacy information.
11/30/2023 • 35 minutes, 39 seconds
Dubai Taxi Company has increased the number of shares it’s offering to retail investors in its IPO
It’s our penultimate day down at ADFW. We speak to Khatija Haque Chief Economist Emirates NBD about Saudi hosting Expo 2030 after it won 119 votes - but what will it mean for the economy? We’ll also be speaking to Charles Hoskinson, CEO & Founder, Input Output Global + Founder at Cardano Foundation before he takes the stage here at ADFW about international best practices in finance, crypto and the US government. Plus, we’ll hear from Abdulla Salem Al Nuaimi, CEO, Abu Dhabi Securities Exchange (ADX) as the Abu Dhabi Securities Exchange (ADX) on Tuesday launched its first Environmental, Social, and Governance (ESG) benchmark index ahead of the COP28 summit. Finally, we’ll speak to Sameer Lakhani, Managing Director, Global Capital Partners as the Dubai Taxi Company today announced an increase in the number of shares offered in the UAE Retail Offer of its IPO in response to significant oversubscription of the UAE Retail Offer.See omnystudio.com/listener for privacy information.
11/29/2023 • 25 minutes, 9 seconds
Is there a rise in demand for tax professionals?
We’re on the road again this week - day 2 broadcasting LIVE from the Abu Dhabi Finance Week. With people flocking to Abu Dhabi for the F1 and now Finance week we wanted to know how busy reservations have been at one of the UAE’s top restaurants - LPM. Their Global Operations Director, Nicolas Budzynski, gives us an inside look and news that they’ve expanded to Las Vegas. We’re also talking tax with Oscar Orellana-Hyder, Co-Founder, Cordell Partners about the introduction of corporate tax which has resulted in a rise in demand for tax professionals like accountants and auditors. Plus, after Binance-gate, we speak to the FSRA about the fine art of regulating crypto exchanges and we’re finding out about the financial educational platform Yabi as it raises 8 million dollars in a seed funding round. See omnystudio.com/listener for privacy information.
11/28/2023 • 27 minutes, 36 seconds
ADGM Courts taking mediaton to the metaverse
We’re on the road again this week - broadcasting LIVE from the Abu Dhabi Finance Week. As we look ahead to COP28 next week we spoke to Khatija Haque, Chief Economist, Emirates NBD about what the focus will be and what it could mean for markets. Exactly a year ago, Abu Dhabi Global Market Courts, the judiciary of the UAE capital’s financial free zone, launched a new blockchain-based system that was aimed at digitally certifying judgments and allowing their availability and enforcement anywhere in the world. Linda Fitz-Alan, Chief Executive at ADGM Courts joined the Business Breakfast for the latest on that and why ADGM Courts is taking mediation to the metaverse. Plus, we hear from Kareem Elsirafy, Managing Partner, Modus - UAE-based venture platform who are investing a total of $2.8 million in new start-ups operating in the Middle East markets. Finally, we’ll hear from Kabir Mulchandani, Chairman and Founder, FIVE Holdings. They are considering expanding the hotel brand into London and even Saudi Arabia, boss Kabir Mulchandani has told the Business Breakfast. Kabir also said a potential IPO could be ready to go within 12 months - and that Dubai was the priority for a listing. See omnystudio.com/listener for privacy information.
11/27/2023 • 28 minutes, 8 seconds
Black Friday Sales - are they genuine?
24 Nov 2023. We'll be putting the latest Dubai inflation numbers in context with Senior Economist at NBD- Jeanne Walters. As Black Friday sales get underway, we'll be discussing the do's and the don'ts - the buys and the don't buys with Debsena Chakraborty, Vice President - Growth & Expansion, MENA, mfilterit. Plus, we'll be finding out more about Zofeur, an on-demand tech platform for hiring professional chauffeurs. We'll speak to Ishrath Hasmin the companies Co-Founder and Chief Operating Officer as they've recently launched their “Pay-per-minute” driver service in Abu Dhabi just in time for the 2023 F1 Abu Dhabi Grand Prix. Finally, it's F1 weekend - we'll speak to Imthishan Giado, Editor in Chief, Motoring Middle East and Head of Marketing at Octanium Experiences about whether there's a correlation between F1 success on the track and car brands off it. If Ferrari does well in F1 does that drive greater demand for road cars?See omnystudio.com/listener for privacy information.
11/24/2023 • 33 minutes, 10 seconds
Sam Altman returns!
23 Nov 2023. Sam Altman is back as CEO of Open AI after being fired at the start of the weekend. Most of the board that removed him has agreed to step down - a new board is being put together, including former treasury secretary Larry Summer. Talal Thabet, CEO, Haltia.AI has the latest on that and whether the last few days has damaged the company. Plus, we speak to Matthew Dixon Founder & CEO, Evai.io about Binance chief executive, Changpeng Zhao, who has resigned after pleading guilty to money laundering violations.The sudden resignation of Changpeng "CZ" Zhao has shocked the crypto world. But who will be the new boss of Binance we ask? Finally, it's Thanksgiving! We speak to CarniStore Co-Founder - Daniel Wanies about whether the lower turkery costs in the US will follow suit here in the UAE. See omnystudio.com/listener for privacy information.
11/23/2023 • 33 minutes, 25 seconds
CEO merry-go-round
22 Nov 2023. As Microsoft boss Satya Nadella has called for changes to OpenAI's board after its shock firing of Sam Altman - we've got the latest on the CEO merry-go-round. Pure Health, the UAE’s largest healthcare group, plans to launch an initial public offering next month and subsequently list its shares on the Abu Dhabi Securities Exchange, the region’s second largest bourse. We speak to Brian de Francesca, Senior Advisor, MAVEN about that latest IPO train. Plus, as homegrown UAE fitness brand, GymNation, has proudly announced a management-led buyout of all equity held by previous investor, JD Gyms - we'll speak to its Founder and CEO Loren Holland. Finally, we hear from Andrew Hammond, Saudi Editor, Arabian Gulf Business Insight (AGBI) on Saudi Arabia's new civil commercial code, due to go into effect by the end of the year. It will finally provide foreign investors with clarity on doing business in the country as it tries to shake off a reputation for opaque and arbitrary justice.See omnystudio.com/listener for privacy information.
11/22/2023 • 33 minutes, 7 seconds
Dubai Taxi company offers up IPO.
21 Nov 2023. The Sam Altman saga continues! Sam Altman, the co-founder and CEO of OpenAI who many considered to be the leader of the burgeoning artificial-intelligence revolution, was fired by the company's board on Friday, then almost rehired over the weekend, then ultimately poached by Microsoft to run a new AI effort following a second leadership shakeup at the company. But is he really gone for good? We'll discuss the latest. Dubai Taxi Company will offer up to 24.99 per cent stake in an initial public offering, after being set up as a public joint-stock company as part of Dubai's push to broaden its capital markets. We'll speak to the company's CEO - Mansoor Rahma Alfalasi. Plus, we'll cross live to Kenya to speak to Fati N'Zi-Hassane, Director of Oxfam in Africa about how the richest 1% of humanity is responsible for more carbon emissions than the poorest 66%. Finally, we'll hear from the man bringing baseball diplomacy to the UAE - Kash Shaikh. See omnystudio.com/listener for privacy information.
11/21/2023 • 32 minutes, 46 seconds
Dubai property transactions set a new annual record
Sam Altman may be on the verge of a dramatic comeback at OpenAI, the artificial intelligence company that created ChatGPT. Altman was fired by the board of directors on Friday – but multiple media reports suggest that investors including Microsoft want him back. We’ve got the latest analysis from Nancy Gleason, Director of the Hilary Ballon Center for Excellence in Teaching and Learning at NYUAD, and Associate Professor of Practice, Political Science, New York University Abu Dhabi on whether Altman’s a hero or a villain. In the lead up to National Day we look at what the UAE's job market is looking like and where the country has reached in its Emiratization efforts with Talib Hashim, Managing Director of TBH Advisory and Partner in Sdara. Plus, we speak to Zhann Jochinke, COO, Property Monitor + Director of Market Intelligence & Research at Cavendish Maxwell on Dubai property transactions setting a new annual record. Finally, the Coca-Cola Arena is hosting more business conferences, pivoting from its usual diet of concerts and entertainment events - we speak to Mark Jan Kar, General Manager, Coca-Cola Arena to tell us more. See omnystudio.com/listener for privacy information.
11/20/2023 • 27 minutes, 54 seconds
Rental markets remain robust
We’ve got the latest from Ed Bell, Senior Director, Market Economics, Emirates NBD on what’s moving the markets as we head towards the weekend. Plus, it’s part two of our interview with Tony Douglas, CEO, Riyadh Air talking about Saudi Arabia's start-up airline Riyadh Air which is set to place an order for narrow-body aircraft in the next few weeks. We’ll also hear from Paul Kelly, Operations Director, Allsopp & Allsopp on the rental market which has remained robust, with 40,840 transactions. Apartment rentals have dominated, while villa and townhouse rentals have also seen significant activity. Finally, we hear from Danny Van Otterdijk, Chief Communications Officer, DP World for day two of the season-ending DPWTC at JGE.
See omnystudio.com/listener for privacy information.
11/17/2023 • 32 minutes, 14 seconds
The world’s newest airline takes off
Joe Biden and Xi Xinping held several hours of talks in San Francisco, on the sidelines of the APEC meeting. Biden said “the planet is big enough for both of us to succeed” whilst also addressing economic ties with China. We’ll have the latest analysis on that with Ed Bell, Senior Economist at Emirates NBD. As we broadcast live this week from DC Aviation Al Futtaim's VIP Terminal at Al Maktoum International Airport, we’re celebrating the company's 10th anniversary amidst the Dubai airshow. Etihad Airways CEO Antonoaldo Neves, joined the Business Breakfast as he pledged to triple the number of passengers by the end of the decade. Plus, Tero Taskila, CEO, Beond - the newly established luxury airline that has showcased its first passenger plane at the Dubai Airshow explained how they’re about to launch their first flights from Riyadh, Zurich and Munich to the Maldivian capital, Male. We also hear from Riyadh Air CEO, Tony Douglas who’s set to place an order for narrow-body aircrafts within the next few weeks. See omnystudio.com/listener for privacy information.
11/16/2023 • 32 minutes, 14 seconds
Dubai Airports CEO reveals his forecast for annual passenger traffic
On the Bitesize podcast today we’re broadcasting live from DC Aviation Al Futtaim's VIP Terminal at Al Maktoum International Airport celebrating the company’s 10th anniversary during the week of the Dubai Airshow. Brandy spoke to His Highness Sheikh Ahmed Bin Saeed Al Maktoum - CEO and founder of Emirates Group at his semi-annual round table and began by asking after the massive wide body order, will they now buy narrow body? Plus, Paul Griffiths, CEO of Dubai Airports exclusively revealed to the Business Breakfast that they are set to match and even exceed pre-pandemic passenger traffic. Ghaith Al Ghaith, CEO of flydubai gave us the latest about their order for 30 Boeing 787-9 Dreamliners worth $11 billion (Dh40.37 billion) at the Dubai Airshow. Finally, Peter Van Driel, CFO, ADNOC Gas told us about their quarterly net income of $1.1billion.
See omnystudio.com/listener for privacy information.
11/15/2023 • 32 minutes, 47 seconds
Emirates and FlyDubai order more than $60 billion of new planes on Day One of the Dubai Airshow
We’ve got the latest on Salik reporting its highest Q3 revenue since the toll gates went live. Revenue was up more than 14 per cent, as the number of registered vehicles and revenue generating trips grew. However, Salik net profit for the first nine months fell, despite higher revenue. The company said this was due to changes to the operating structure, which meant it was hard to compare the performance on a like for like basis with last year. Meanwhile, Emirates and FlyDubai ordered more than $60 billion of new planes on Day One of the Dubai Airshow. Richard has an exclusive interview with Sir Tim Clark, President, Emirates Airlines - Emirates airline announced an order for 95 Boeing aircraft at a value of $52 billion. Plus, we’ll hear from Faheem Aziz, Chief Executive Officer, Safa Capital, as today is the latest day for Dubai listed companies to report their Q3 earnings. Finally, we’ll hear from Shiraz Khan, Head of Taxation, Al Tamimi & Co on the UAE ministry of finance announcing new corporate tax decisions for companies in free zones.See omnystudio.com/listener for privacy information.
11/14/2023 • 39 minutes, 52 seconds
Dubai Taxi IPO announced
We’re broadcasting live from DC Aviation Al Futtaim's VIP Terminal at Al Maktoum International Airport all this week, celebrating the company's 10th anniversary. On today’s Bitesize podcast we’ve got the latest from Sameer Lakhani, Managing Director, Global Capital Partners, on the Dubai Taxi IPO announced this morning. Just under 25 per cent of the company’s shares will go on sale from the 21st of this month, with a minimum subscription of 5 thousand dirhams. We’re also speaking to Aviation expert Nick Humphrey and ask what we're likely to see in the way of new orders and announcements from this year's airshow. We’ll also hear from private jet guru Holger Ostheimer, Managing Director of DC Aviation Al-Futtaim on exactly what it’s like in the private terminal. Finally, we speak to AC Milan CEO Giorgio Furlani about the opening of Casa Milan Dubai, the new home of the Rossoneri in The Middle East. See omnystudio.com/listener for privacy information.
11/13/2023 • 36 minutes, 29 seconds
Emirates reports record profit as aviation booms
On today’s Business Breakfast bitesize podcast we’ve got the latest on the region’s first crypto IPO announced this morning from Phoenix Group. We’ll also be discussing the latest Emirates numbers with aviation expert Vinamra Longani - with the group reporting a record first-half profit of 10.1 billion ($2.7 billion). Plus, we’re joined by Weisi Xie, Director, Shanghai, Economist Intelligence Unit to discuss the potential upcoming meeting between Joe Biden and Chinese President XI Jinping. They are expected to hold summit talks in San Francisco next week as they seek to stabilize tense ties by meeting in-person for just the second time in nearly three years. But could it overshadow everything that happens at APEC? Finally, we’ll speak to Chandu Siroya - Managing Director, Siroya Jewellers & Vice Chairman of Dubai Gold & Jewellery Group to discuss Diwali-nomics as Indians rush to buy gold to celebrate Diwali. See omnystudio.com/listener for privacy information.
11/10/2023 • 31 minutes, 56 seconds
Why Dubai has taken the top spot for cities people want to move to
The dollar's rebound extended for a third day on Wednesday after some Federal Reserve policymakers left the door open to further rate hikes. Daniel Richards, senior economist, Emirates NBD joined us to discuss the latest on that and why we should be investing in new roads. Taimur Khan, Associate Director & Head of Research, CBRE, explained how residential transactions in the booming Dubai real estate market has reached new milestones exceeding previous records. Plus, a brand-new free paper has been launched in Dubai, with over 80,000 copies distributed across the UAE - Matthew Amlot from Arabian Business joined us to tell us more. Finally, Mo Mansour, Head of UAE, Remitly came down to Dubai CommerCity to explain why Dubai has been ranked as the number one city people from around the world want to move to. See omnystudio.com/listener for privacy information.
11/9/2023 • 31 minutes, 50 seconds
What can businesses learn from WeWork?
On the BITESIZE podcast today Daniel Richards, Senior Economist Emirates NBD has the latest on Aramco’s profits which are down with oil at a 3-month low. Manpreet Gill, Chief Investment Officer for the Africa, Middle-East and Europe (AMEE), Standard Chartered joins us explaining that geopolitics remains a risk, with the focus on any disruption to oil supplies in the Middle East as a potential channel to financial markets. Plus, Shane McGinley, News Editor, Arabian Gulf Business Insight (AGBI) discusses how FATF is almost certain to take the UAE off the grey list next year and explains what the UAE has done over the past 18 months to improve its AML performance as some British citizens living in the UAE have had their UK bank accounts closed because they live in a "risky" country. Finally, Founder & Owner of Workplace Maven Oliver Baxter joins us to discuss WeWorks and what other businesses can learn from their mistakes. See omnystudio.com/listener for privacy information.
11/8/2023 • 38 minutes, 8 seconds
Dubai's new approved budget
Dubai approves a budget of a quarter of a trillion dirhams for the next three years. Daniel Richards, senior economist Emirates NBD crunched the numbers for us and gave us his key takeaways from the budget. Agthia Group Reports AED 3.27 Billion Net Revenue During The First Nine Months 2023 - we discussed the latest on those numbers with Alan Smith, Chief Executive Officer, Agthia Group. Plus, we were joined by Bayut and Dubizzle CEO Haider Ali Khan who updated us on their IPO plans, Chat GPT and property portal wars. Finally, Alex Zeitz, Director of Experience, International Port Ops, and Special Events from Virgin Voyages explained how Dubai Harbour has welcomed the iconic Resilient Lady from Virgin Voyages on its maiden call to the Arabian Gulf. See omnystudio.com/listener for privacy information.
11/7/2023 • 30 minutes, 54 seconds
What's setting Dubai CommerCity apart from other freezones?
On today's podcast we've got the latest on the Saudi private sector job creation being at a 9 year high with PMI numbers showing the Saudi private sector continuing to grow - all of that with Daniel Walker, senior economist at Emirates NBD. Plus, we're live from Dubai CommerCity this week so we speak to Faisal Jassem, Senior Director of Sales here about this being the first and leading free zone dedicated exclusively to digital commerce in the Middle East Africa and South Asia (MEASA) region. We go live to Riyadh to speak to Phil Hine, Human Capital Advisor, Public Investment Fund (PIF) on Saudi Arabia's non-oil sector that's experiencing a significant increase in employment. Finally, could AI create a world where no one needs a job? We’ll find out more with the CEO of Tripler. See omnystudio.com/listener for privacy information.
11/6/2023 • 34 minutes, 8 seconds
Dubai real estate prices have hit the previous peak of nine years ago
03 Nov 2023. We've got the latest on Crypto tycoon Sam Bankman-fried who was found guilty after the collapse of his FTX cyrpto exchange. Dubai real estate prices have hit the previous peak of nine years ago. Zhann Johinke of Property Monitor tells us that averages prices hit Dhs1,234 per square ft this week - exactly the same as September 2014. We speak to the founder of the region's latest unicorn, Tabby, about its IPO plans and we hear from Microsoft CEO Satya Nadella, who’s been speaking in Abu Dhabi. He talks AI, the UAE – and why we should have ‘confidence but not hubris’.See omnystudio.com/listener for privacy information.
11/3/2023 • 30 minutes, 35 seconds
The UAE's new end-of-service savings scheme begins
02 Nov 2023. We've got the latest from Emirates NBD on those Fed rates. We also have the latest on the UAE's new end-of-service savings scheme for private and free zone workers from Sabrina Saxena, Senior Counsel, Employees and Incentives, Al Tamimi and Co. Plus, we speak to a DIEZ vice president about why the free zone group is getting into the venture capital game - Hassan Waheed, Vice President, Corporate Finance and Treasury. Finally, we speak to Espace Real Estate Boss John Lyons about what a pause in interest rate hikes means for the property market.See omnystudio.com/listener for privacy information.
11/2/2023 • 38 minutes, 4 seconds
Defaulted on a debt in Dubai: what's changed?
01 Nov 2023. We've got the latest on the fall in fuel prices for November with Emirates NBD economist Jeanne Walters. A new decision from the Court of Cassation will change the legal implications for defaulting on a debt. Georgina Delaney Senior Legal Consultant, Faisal Salem Advocates & Legal Consultants explains specifically what has changed and what that means financially for those who can't pay. Abu Dhabi International airport's new terminal A begins operations today, increasing passenger capacity - we'll have the latest from Kashif Khalid, regional director MENA at Iata. Plus, our very own Richard Dean caught up exclusively with the outgoing global CEO of Rolls Royce talking about his career at the company and whether the UAE could be part of his future plans. See omnystudio.com/listener for privacy information.
11/1/2023 • 33 minutes, 32 seconds
Corporation tax exemptions - do you qualify?
31 Oct 2023. We've got the latest from Emirates NBD on the UAE economy that grew 3.7 per cent according to new numbers from the Minister of Economy. We've also got analysis on the non-oil sector that grew by just under 6 per cent. Bloomberg says it's seen an investor prospectus for a Dubai Taxi IPO - we'll speculate what might be in it with capital markets lawyer Andrew Tarbuck of Al Tamimi and Company. Plus we're talking all things tax with The Cragus Group Limited finding out about corporation tax exemptions and how we need to be wary of advisers overselling what companies actually need. It's October 31st which means it's Halloween - General manager at Spinney's, Tom Harvey, joins us to discuss sales revenues this year and how much of an impact the holiday has on UAE residents in terms of their spending. See omnystudio.com/listener for privacy information.
10/31/2023 • 36 minutes, 28 seconds
Setting up a regional HQ in Saudi Arabia?
We get the latest on what we can expect to see from interest rates from Emirates NBD. We hear from Alex Nicholls, Head of KSA Expansion and Community, AstroLabs on the January 2024 deadline for global companies to move their regional headquarters to Saudi Arabia. which He explains how it will be implemented without delay as scheduled, following confirmation from the kingdom’s finance minister. We'll also hear from Andrew Naylor, Head of Middle East and Public Policy, World Gold Council on the Q3 Gold Demand Trends. The report has revealed support for the asset continues as central bank buying maintains a historic pace, bringing quarterly gold demand (excluding OTC) to 1,147t, 8% ahead of its five-year average. Plus we'll hear from Ant Martland, Co Founder of Gymnation as we enter another month of the Dubai Fitness Challenge. See omnystudio.com/listener for privacy information.
10/30/2023 • 32 minutes
Air Arabia celebrating 20 years - but what does the future hold for the airline?
27 Oct 2023. We've got the latest on interest rates, including both the European and US economies. CEO of Air Arabia - Adel Abdullah Al Ali joins us to celebrate 20 years of the airline. He'll tell us how movement he's seen within aviation, inflation and gives us an insight into their outlook for Q4. Mohamad Majid, Partner, Digital and Innovation at KPMG Lower Gulf explains how two-thirds of UAE tech leaders are attributing increased business profitability to AI. Plus, we speak to Muhammad Qasim Ikhlaq, Residential Consultant, Betterhomes on Sharjah's booming real estate sector.See omnystudio.com/listener for privacy information.
10/27/2023 • 30 minutes, 6 seconds
How to get COP right as a corporate.
26 Oct 2023. We've got the latest on ADIB's Q3 numbers and what that means for the region. Plus we'll hear about how new projects are set to ease pressure on commercial real estate with an expected delivery of over 100,000 sq. metres of office space in Q4. We speak to Neil Gray, Scotland's cabinet secretary for wellbeing economy, fair work and energy who has announced a business delegation of 19 Scottish net zero-focused companies to the UAE during COP28. We'll find out how Dubai has retained its leading position in the MENA region on Kearney's global cities index and what's beefing up the price of meat. See omnystudio.com/listener for privacy information.
10/26/2023 • 30 minutes, 20 seconds
How does architecture affect the brain?
25 Oct 2023. Jonathan Emery, CEO of Aldar Development is making an impact here in Dubai. He gives us a preview of their latest property development that's set to be finished by 2027. But this won't just be another new development, this will have a huge focus on wellness and community, something they are seeing great demand for. James Drummond, Editor-in-Chief of AGBI (Arabian Gulf Business Insight) gives us the latest live from Saudi Arabia at the Davos in the Desert conference. Gordonstoun School, the institution that educated the current King of England, King Charles III, is set to open a branch school in Abu Dhabi.See omnystudio.com/listener for privacy information.
10/25/2023 • 31 minutes, 55 seconds
Bahrain's Investcorp to list on the ADX.
24 Oct 2023. We ask Investment expert Sameer Lakhani of Global Capital Partners why a Bahrain company is looking at Abu Dhabi for its IPO. Plus, The CEO of Qatar Airways, Akbar Al Baker, quits after more than a quarter of a century. We get the reaction from aviation expert Vinamra Lakhani. And, we focus on real estate - first with Valustrat who say Dubai residential property is seeing highest quarterly capital gains in a decade. We also hear from one real estate platform that's just raised 20 million dollars - Nomad Homes. See omnystudio.com/listener for privacy information.
10/24/2023 • 32 minutes, 17 seconds
Can you spot fake reviews online?
23 Oct 2023. Major online firms such as Amazon, Booking.com, and Tripadvisor are ramping up their fight against fake reviews. We asked Amir Kolahzadeh of IT Sec & Debsena Chakraborty of mfilterit just how big a problem is fake reviews. Plus, UAE employers are budgeting for a base salary rise of just over 4% for 2024. Ted Raffoul of Mercer MENA explains the numbers behind their survey. See omnystudio.com/listener for privacy information.
10/23/2023 • 38 minutes, 27 seconds
Are commercial property sales on the rise?
20 Oct 2023. Aviation was a hot topic on The Business Breakfast given Air India will be taking delivery of a new aircraft every six days till the end of 2024. Aviation expert Vinamra Longani gives us an inside look into this expansion. Finnish telecoms giant Nokia are axing between 9,000 and 14,000 jobs by the end of 2026 to cut costs - we get the latest on those figures from Neil Shah at Counterpoint research. Andrew Elliott, Director at the Commercial agency at Chestertons explains why the commercial property sector is booming and we get the very latest from GITEX. See omnystudio.com/listener for privacy information.
10/20/2023 • 26 minutes, 54 seconds
How you can make money through other people's properties using AirBNB arbitrage.
19 Oct 2023. We've got the latest on the UK inflation numbers and we'll be finding out just how you can make cash through other people's properties in the short term property market. We're joined by American internet entrepreneur and angel investor Jason Calacanis who tells us why he's in Dubai and the advice he has for investors. We've also got the latest from GITEX where we chat to Nicolai Solling - Chief Technology Officer at HELP AG. Plus we'll find out about the latest Q3 report for the Dubai real estate market which shows a reduction in transaction volume. See omnystudio.com/listener for privacy information.
10/19/2023 • 39 minutes, 56 seconds
Why Saudi’s investing more than $175 billion?
18 Oct 2023. Saudi Arabia is set to invest more than $175 billion annually on industrial and mega projects between 2025 and 2028 - we speak to Aaron Fletcher, head of Saudi Arabian Recruitment at Hays to tell us more. Plus, the latest on Dubai CPI from Emirates NBD. The UAE retirement income system improved its score ranking 23rd globally - Rob Ansari, Head of Investments and Retirement at Mercer gave us an insight as to why the UAE has ranked alongside countries with robust pension schemes. We find out how MENA venture capital funding saw a 38% increase and we find out the latest on autonomous drones in the UAE from our producer Mohamed who was down at GITEX.See omnystudio.com/listener for privacy information.
10/18/2023 • 31 minutes, 29 seconds
Is there a demand for new tech talent in the region?
17 Oct 2023. Jeanne Walters of Emirates NBD gives us an insight into Chinese GDP, why everyone is watching it so closely but also what it means for the rest of the world. We also find out the latest on inflation, which New Zealand saw falling to a two year low. Natalia Sycheva of Integra Seven talks tech talent in Dubai in relation to a first-of-its-kind report they've put out with Wamda. Frederick Marris from Zoom explains how the need for the platform hasn't dyed down and Virtuzone's John Casey shed light on their new initiative that's helping smaller businesses in the UAE. See omnystudio.com/listener for privacy information.
10/17/2023 • 30 minutes, 20 seconds
Is it onwards and upwards for Dubai's expanding economy?
16 Oct 2023. Donal Curtin, Managing Director of Economics NZ discuss the national party winning the New Zealand election, taking enough seats to form a coalition with its allies on the right wing of politics. Plus, Jeanne Walters of Emirates NBD talks all about Dubai's expanding economy which saw a 3.2% increase in the first half of 2023. Ben Bargh of CRC Properties speak to us about a significant shift in the commercial property sector and we also have Klaus Kajeetski from Yalla Esports about the gaming industry's biggest ever takeover which saw Microsoft secure a $69bn deal.See omnystudio.com/listener for privacy information.
10/16/2023 • 31 minutes, 55 seconds
Chat GPT for the medical industry.
13 Oct 2023. G42 and Mubadala have launched an AI chatbot for healthcare. Ashish Koshy, Group Chief Operating Officer, at M42 about how they will use this technology. Plus, we're seeing a surge in the recruitment of tax roles in the UAE and Conor McHugh of the headhunting firm Alchemy Search says we will keep seeing this growth in Q4. And, Dubai's got more than 200 centi-millionaires, according to Henley and Partners. We'll speak to regional head Phillipe Amarante.See omnystudio.com/listener for privacy information.
10/13/2023 • 29 minutes, 53 seconds
Bad blood between Swifties and Cinemas?
12 Oct 2023. Taylor Swift's Era tour is coming to cinemas but those in the UAE will have to wait a bit longer so we asked Fiona Robertson of OSN about this release. Plus, the UAE, Saudi, and Egypt account for 60% of the region's 3 trillion dollar construction projects. Laura Morgan, Market Intelligence Lead MEA, JLL made sense of the numbers. And, the Emirates Development Bank is lending hundreds of millions of dirhams to futuristic farmers. So we spoke to their Chief Executive, Ahmed Al Naqbi, about the fund allocation.See omnystudio.com/listener for privacy information.
10/12/2023 • 33 minutes, 18 seconds
Would you propose with a lab-grown diamond?
11 Oct 2023. Over $1.5 billion of lab-grown diamonds were traded through Dubai last year so we spoke to Basma Chaieri, Founder, Etika Jewels about the demand for this stone and whether it is acceptable to propose with a lab-grown diamond. Plus, Brandy has been speaking to OPEC's Secretary General Haitham Al Ghais in Fujairah. And, we look at Careem's latest numbers as well the ongoing cricket World Cup in India. See omnystudio.com/listener for privacy information.
10/11/2023 • 34 minutes, 25 seconds
How well are UAE finance professionals being paid?
10 Oct 2023. Headhunter Oscar Orellana Hyder has put together his first research report to explain what is happening in the market. Plus, as the Nobel Prize for Economics was handed out - we asked Prof. Adam Ramey of New York University in Abu Dhabi what he made of this. And, Haus & Haus say they're seeing a 'cash buying frenzy' - and some interesting trends - at Tilal Al Ghaf. We find out what that says about the wider market with sales director Charlie Bannon.See omnystudio.com/listener for privacy information.
10/10/2023 • 36 minutes, 15 seconds
UAE sees job opportunities rise nearly 9%.
09 Oct 2023. We spoke to Cooper Fitch boss Trefor Murphy about their report - where those jobs are being created, and who is coming to fill them. Plus, we hear from the regional boss of Radisson hotels – Tim Cordon on those stellar numbers for UAE hotels. And, a new discount app in the UAE made by 3 ex-Entertainer employees. See omnystudio.com/listener for privacy information.
10/9/2023 • 35 minutes
Should we change how the Nobel Prizes are given out every year?
As the Nobel Prizes are being handed out this week, team Business Breakfast have a different approach over how the awards should work. Plus, we look at real estate - Dubai villa rents are the highest on record, says CBRE - we hear from Taimur Khan. And, is Saudi Arabia headed towards a recession? We ask Ed Bell of Emirates NBD.See omnystudio.com/listener for privacy information.
10/6/2023 • 29 minutes, 58 seconds
Cricket World Cup gets underway so we look at it from a business POV
We hear from Maaz Sheikh of Starzplay about the business model for buying the streaming rights for the World Cup and cricket expert Chandresh Narayanan about how India is preparing to host the tournament. Plus, as Taaleem reported a 42% increase in net profit, we asked CEO Alan Williamson what this means for the listed school operator. And we discuss the hotel group FIVE's upcoming IPO. See omnystudio.com/listener for privacy information.
10/5/2023 • 34 minutes, 46 seconds
UAE's Electric car - Rabdan
We look at the economics of the UAE’s first electric car with HE Abdullah al Shamsi of the Ministry of Industry and Advanced Technology on the sidelines of ADIPEC. Plus, we talk AI's role in intellectual property with DR. Abdelrahman AlMuaini, Assistant Undersecretary of Intellectual Property Sector, UAE Ministry of Economy. And, we find out why the people behind Pickl have bought the popular cafe chain 1762. See omnystudio.com/listener for privacy information.
10/4/2023 • 41 minutes, 53 seconds
Abu Dhabi non-oil GDP grows by 12%
We crossed to the capital to speak to H.E. Rashed Abdulkarim Al Blooshi, Undersecretary of Abu Dhabi Department of Economic Development about the story behind the numbers. Plus, as DIFC introduces a first-of-its-kind Digital Assets Law, we spoke to their Chief Legal Office Jacques Visser what this covers. And, as we get closer to the busy event season in the UAE, we find out about the headline acts at this year's F1 Abu Dhabi Grand Prix with Saif Rashid Al Noaimi of Ethara. See omnystudio.com/listener for privacy information.
10/3/2023 • 31 minutes, 22 seconds
Have you signed up for the unemployment scheme?
Yesterday (1st October) was the deadline to sign up for the UAE's unemployment scheme but what happens if you missed it? We ask Employment Lawyer Lisa Merod of Clyde and Co. Plus, we find out why IKEA is slashing its prices. And, Richard Dean is our roving reporter, he's been in Copenhagen over the weekend onboard Etihad's first flight to the Scandinavian city. See omnystudio.com/listener for privacy information.
10/2/2023 • 34 minutes, 52 seconds
Donna Benton returns
The founder of the Entertainer, who sold the company 5 years ago, is back at the helm. We speak to Donna Benton, CEO of the Entertainer about why she's back and what she is planning to do to bring it back to its glory days. Plus, we talk expansion of the DMCC with Ahmed bin Suleyam. And, another comeback CEO - Dr. Howard Podolsky, who we remember from our COVID coverage, is back leading the Cambridge Medical and Rehabilitation Center.See omnystudio.com/listener for privacy information.
9/28/2023 • 32 minutes, 31 seconds
Rotana hotels is looking to nearly double its portfolio over the next 3 years
We speak to COO Eddy Tannous of Rotana Hotels about their gulf expansion plans. Plus, an extended chat with Professor Afshin Molavi of John Hopkins University on everything from China US relations, Biden v. Trump, and the UAE's upcoming COP28 conference. And, as Donna Benton returns to the Entertainer - we discuss what that means for the BOGOF company. See omnystudio.com/listener for privacy information.
9/27/2023 • 32 minutes, 38 seconds
Is Dubai on its way to a commercial property crisis?
Real Estate mogul Lewis Allsopp says his new research shows that we are headed that way. Meanwhile, Rove Hotels have announced their expansion plan with 10,000 new rooms to be added across the region. The COO Paul Bridger explains. And, when does winter actually begin in the UAE? As Tom and Richard couldn't decide, we asked ChatGPT. See omnystudio.com/listener for privacy information.
9/26/2023 • 32 minutes, 5 seconds
Starbucks tells us that UAE sales climbed 25% this year
We get details of the Pumpkin Spice Latte sales and the most popular drink in the market with Andy Holmes, President of Starbucks at Alshaya. Plus, we talk the economics of space, with the man behind a Dhs19 billion satellite deal in Abu Dhabi: Yahsat finance chief Andrew Cole. And, we speak to H.E. Sheikh Faisal Bin Saoud AlQassimi, Director, Sharjah Airport Authority about the record passenger traffic they have seen this summer.
See omnystudio.com/listener for privacy information.
9/25/2023 • 31 minutes, 6 seconds
Rupert Murdoch to step down
As Rupert Murdoch steps down as chairman of his media empire, we speak to Mazen Nahawi, Founder & CEO of CARMA about the succession of this conglomerate. Plus, we'll hear from some of the Apple enthusiasts queuing up to six hours to register for today's iPhone 15 launch and Ashish Panjabi of Jacky's about the demand for the new phone.
See omnystudio.com/listener for privacy information.
9/22/2023 • 36 minutes
Could we get a new Dubai airport?
We hear from DXB boss Paul Griffiths about the future of the airports and would we see a move to Dubai South. Plus, as the Fed decided to hold interest rates & the UAE Central Bank followed suit, we asked Carla Slim of Standard Chartered Bank what this means for those of us living in the GCC. And, we talk Atlantis's preparations for NYE including a performance from Sting. See omnystudio.com/listener for privacy information.
9/21/2023 • 30 minutes, 43 seconds
Dubai to get more than 9000 new hotel rooms this year
This is the number from a new Knight Frank report. STR's research says the Middle East's hotel industry is the strongest in the world on metrics such as occupancy and Revpar & Dubai's average room rate sits above the regional average. We get details from Phillip Wooler of STR & Tim Cordon of Radisson Hotel Group. Plus, as New Year's Eve bookings are in full swing in Dubai, we find out from Tony Samuel of Flash ART Dubai about the demand and preparations for the fireworks display. See omnystudio.com/listener for privacy information.
9/20/2023 • 39 minutes, 45 seconds
Would a certificate convince you to buy a pre-owned car?
19 Sep 2023. Ameen Jaber, Head of Marketing, Al Masaood Automobiles joined us to explain why they're seeing an increase in demand. Plus, we get the details from the UN General Assembly meeting in New York, where Dubai-based professor Taufiq Rahim is our man on the ground. And, Banking giant Citi says we're at an inflection point when it comes to cross border payments. We'll find out why with their global head of the future of finance - Ronit Ghose. See omnystudio.com/listener for privacy information.
9/19/2023 • 28 minutes, 10 seconds
iPhones on SALE! But have we lost the appetite for smartphones
Tech veteran Ashish Panjabi reveals the true state of the local gadget market. Plus, the DIFC starts selling residential property for the first time this week. We speak to Knight Frank about expected demand. And we get on our bike to discuss the business of cycling following the announcement of more investment into the bikey-infrastructure with Anamaria Castillo, Landscape Strategies Director at Khalq Studio. See omnystudio.com/listener for privacy information.
9/18/2023 • 32 minutes, 30 seconds
The economics of traffic in the UAE
We look at the economics of traffic here in the UAE as motorists continue to complains of congested roads. Phil Clarke of 4E Road Safety & Transport Consultants for the teachincal side of traffic and what could that mean to our economy with Jeanne Walters, Economist of Emirates NBD. Plus, we talk tall towers with the editor of MEED, who broke the story that Jeddah’s 1 kilometer behemoth is back on track.See omnystudio.com/listener for privacy information.
9/15/2023 • 35 minutes, 55 seconds
No summer slowdown for the Dubai real estate market
New report from Property Monitor says that the summer slowdown which we normally witnesses pretty much didn’t happen this year. Zhann Jochinke, COO, Property Monitor + Director of Market Intelligence & Research at Cavendish Maxwell talk us through the report. Plus, the International Energy Agency warns OPEC+ supply cuts could send prices higher. Energy expert Dr Sara Vakshouri, Founder & President, SVB Energy International joins us live. And new private jet service for dogs has been launched in Dubai. We talk dogs on planes with Adam Golder, Co-Founder of K9 JETS.See omnystudio.com/listener for privacy information.
9/14/2023 • 32 minutes, 16 seconds
Apple unveiling its latest range of phones
We get the reaction to the Apple launch of Dubai-based tech journalist Daanesh Kalyaniwalla. Plus, we get the lowdown on the Lulu IPO, from lawyer Andrew Tarbuck, Partner, Head of Capital Markets, Al Tamimi & Company. And, talking oil demand with Matt Stanley, Client Liaison Lead, Middle East, Africa and Asia, Kpler & Co-host of the Smoking Barrel Podcast.See omnystudio.com/listener for privacy information.
9/13/2023 • 31 minutes, 22 seconds
Do we need another smartphone?
Ahead of tonight’s new iPhone launch - we speak to tech researchers Counterpoint, as smartphone sales fall to their lowest in a decade. Plus, we talk education as Georgetown University announced the launch of its new Executive Master of Business Administration (Executive MBA) program at the DIFCAcademy in Dubai. And, Dubai's first tokenised equity crowd funding platform will be launch, we find out more with Scott Thiel, Managing Director at TOKO.See omnystudio.com/listener for privacy information.
9/12/2023 • 32 minutes, 19 seconds
The UAE agrees a landmark railway project at this weekend’s G20 meeting in India
It's a deep dive of what happened with G20 meeting in India. We've got reaction from two economist: Shalini Mittal in Delhi and Ed Bell in Dubai. We also also have Christopher Seymour, Head of Strategy and Investment for Middle East, Africa and South Asia Mott MacDonald and Chair of RICS MEA and his take about the landmark East-West railway and shipping deal. And, we talk gold with the team from the World Gold Council.See omnystudio.com/listener for privacy information.
9/11/2023 • 32 minutes, 29 seconds
World leaders gather in India for this weekend’s G20 meeting.
08 Sep 2023. We find out what the meeting means for the UAE - who has been invited as a special guest, plus what the mood is on the ground. We also look at July's incredible air passenger numbers with regional IATA boss Khalid Kashif. See omnystudio.com/listener for privacy information.
9/8/2023 • 23 minutes, 49 seconds
If companies move away from gratuities - will this change our salaries split?
07 Sep 2023. The new voluntary end-of-services scheme which will let employees invest their savings got us thinking if companies move away from gratuities - will they also move away from splitting salaries into basic and allowances? We ask recruiter Oscar Orellana-Hyder, Co-Founder, Cordell Partners. Plus, we look at the future of bricks-and-mortar retailing. Fuad Mansoor Sharaf, Managing Director – UAE - Shopping Malls, Majid Al Futtaim Properties joined us to discuss their new platform to promote home grown brands. And, we talk luxury property with Espace Real Estate.See omnystudio.com/listener for privacy information.
9/7/2023 • 34 minutes, 46 seconds
What does the new end of service benefit scheme mean for investments?
06 Sep 2023. We get the investment perspective from Dean Kemble, Chief Commercial Officer, GSB Capital & the savings angle from Mohammed Al Ali of National Bonds. Plus, we talk remittances with Alex Holmes of Moneygram. And, how big a problem is the clickbait listings for the real estate industry? We ask Kieron Franklin of Nunza Real Estate.See omnystudio.com/listener for privacy information.
9/6/2023 • 31 minutes
UAE announces new end-of-service benefits scheme.
05 Sep 2023. We get both the lawyer's view and the compensation expert's take on that new end-of-service benefits scheme. Michael Chattle is from the lawfirm Pinsent Masons and Martin McGuigan is from Comp & Ben Middle East. Plus, we look at tax breaks for small companies in the UAE, with lawyer Nils Vanhassel.
See omnystudio.com/listener for privacy information.
9/5/2023 • 34 minutes, 46 seconds
Sultan Al Neyadi returns to earth.
04 Sep 2023. UAE Astronaut Sultan Al Neyadi has successfully landed back on earth after spending 6 months in space - listen back to the historic moment. Plus, we look at what a UAE-New Zealand CEPA could mean for both countries with New Zealand based economist Dr. Oliver Hartwich. And we speak to new Dubai Future District Fund MD Nader Al Bastaki about where he wants to take the fund.See omnystudio.com/listener for privacy information.
9/4/2023 • 37 minutes, 30 seconds
Petrol more expensive in the UAE.
01 Sep 2023. Petrol prices are up around 9% for September - we find out why and what they mean for us on the ground from economy expert - Daniel Richards of Emirates NBD and energy expert - Sean Evers. Plus, we talk VCs from the US looking to the UAE for investments with Zafer Younis of SVVI. And, we talk the business of sport with former Rugby legend Matt Tait ahead of the Dubai Sevens. See omnystudio.com/listener for privacy information.
9/1/2023 • 30 minutes, 38 seconds
Perfumenomics!
31 Aug 2023. We talk perfume-nomics - we get the perspective from local perfume manufacturers Ajmal and the International angle from CPL Aromas. Plus, as the UAE non-oil trade climbs 14% to a record high, we asked Emirates NBD economist Dan Richards to put those trade numbers in context for us. And, padel courts are booked out - but is this normal for the summer season? We ask Max Marsh Pickard, General Manager, Padel Art.See omnystudio.com/listener for privacy information.
8/31/2023 • 33 minutes, 59 seconds
Is the price of charging an EV stopping people from switching over?
30 Aug 2023. Hasan Nergiz, Managing Director - Electric Mobility Company, Al Futtaim joined us to discuss the cost, after a Compare the Market report ranked the UAE the fourth cheapest country in the world to charge an electric vehicle. Plus, Abu Dhabi is planning to introduce caravans and RVs as glamping options to boost tourism. We get details from Vinayak Mahtani of BNBME. And, is using AI for writing academic essays a form of cheating? We ask Professor Nancy Gleason of New York University Abu Dhabi. See omnystudio.com/listener for privacy information.
8/30/2023 • 35 minutes, 57 seconds
Dubai will see 3x more real estate transactions this year than 2019.
29 Aug 2023. Taimur Khan of CBRE also told us that Dubai is on course to hit 100,000 deals this year - up from 33,000 in 2019. Plus, we'll speak to e& capital's Kush Shah about why the telco is on an investment spree. And, we cross to Germany to speak to IRENA about a new report that shows just how much money renewable energy is saving the world.See omnystudio.com/listener for privacy information.
8/29/2023 • 31 minutes, 30 seconds
Back to school 2023.
28 Aug 2023. As UAE students go back to school today - we hear from the CEOs of GEMS Dino Varkey & Taaleem Alan Williamson about the economics of education. Plus, we talk school buses & the increase of tech in education. See omnystudio.com/listener for privacy information.
8/28/2023 • 33 minutes, 45 seconds
Emirates intend to cut ticket prices – as soon as global inflation eases.
25 Aug 2023. The airline's CCO Adnan Kazim spoke to Richard about their plans to reduce ticket rates and how they are dealing with the new COVID variant. Plus, the UAE and Saudi Arabia are among six countries invited to join BRICS. Dr. Chris Payne, Chief Economist at Peninsula Real Estate explained what this means for the GCC countries. And, we find out about a new app that lets you find out how much your neighbours are paying in rent with Lewis Allsopp, Group CEO, Allsopp & Allsopp Real Estate.See omnystudio.com/listener for privacy information.
8/25/2023 • 40 minutes, 51 seconds
Are the house evictions in the UAE having an effect on the short-term stay market?
24 Aug 2023. Nila Pendarovski, General Manager, Rove Expo joined us to explain what they're seeing on the ground but first began by telling us about Choithrams setting up shop in the hotel. Plus, we look at UAE travel trends with Lovrenc Kessler of Simon Kucher & Partners. And, are Chinese buyers having an impact on our property market? We ask Simon Spencer of ESPACE Real Estate. See omnystudio.com/listener for privacy information.
8/24/2023 • 33 minutes, 38 seconds
Should we be worried about the rising food prices?
23 Aug 2023. As prices of onion, tomatoes, and rice rises, we asked two supermarket chains what this means for us in the UAE. Tom Harvey is from Spinneys while Ashutosh Chakradeo is from Choithrams. Plus, as the BRICS countries meet in South Africa, we find out from Dr. Chris Payne about the power of these emerging markets. See omnystudio.com/listener for privacy information.
22 Aug 2023. DXB CEO Paul Griffiths joined us to discuss the numbers and they're expecting to see 'record breaking' numbers in the winter season. Plus, it's 100 days until COP28 opens its doors in the UAE - our very own Richard Dean has been looking ahead to the event. And, we look at what a potential strike in Australia's LNG plant could mean for energy prices in Asia with Justin Dargin of Carnegie Endowment.
See omnystudio.com/listener for privacy information.
8/22/2023 • 25 minutes, 34 seconds
Majid Al Futtaim H1 net profit rise by more than 70%.
21 Aug 2023. Ahmed Galal Ismail, CEO, Majid Al Futtaim – Holding joined us to discuss the numbers. Plus a bit of a football focus on the show this morning - we speak to Diego Lopez of Global SWF about the Saudi investment into football & Bubs Felix about the popularity of women's sports after the success of the World Cup. See omnystudio.com/listener for privacy information.
8/21/2023 • 30 minutes, 56 seconds
Are we not changing our phones more often?
18 Aug 2023. Global smartphone shipments could be the worst in a decade, according to research from Counterpoint. Richard Windsor, Director at Large of the research company told us why people are not willing to change their phones faster. Plus, as DP World sees first half profit drop, but revenues rise - we asked Rustin Edwards, Head of Fuel oil Procurement, Euronav about shipping costs.
See omnystudio.com/listener for privacy information.
8/18/2023 • 32 minutes, 59 seconds
30% rise in rental car demand in the UAE.
17 Aug 2023. Rental car company Selfdrive.ae told us they're seeing a spike of up to 30 per cent in demand this summer. CEO Soham Shah explained the story behind the numbers. Plus, Craig Stevens, CEO of Dubicars.com joined us to talk about Vietnamese EV makers VinFast after their stock market evaluation soared. And, Mohammad Ali Rashed Lootah, President and CEO, Dubai Chambers told us about the spike they have seen in H1 when it comes to company registrations. See omnystudio.com/listener for privacy information.
8/17/2023 • 26 minutes, 38 seconds
Business travel to bounce back to pre-pandemic levels next year.
16 Aug 2023. We dig into the report by GBTA about the return of business travel with Ali Haider of Nomadic. Plus, a new central bank decision on car insurance premiums could affect consumers, says Policybazaar.ae. CEO Neeraj Gupta explained the changes. And, as US retail sales rose more than expected last month despite rising interest rates. Ed Bell of Emirates NBD explained the significance behind this data. See omnystudio.com/listener for privacy information.
8/16/2023 • 30 minutes, 44 seconds
130,000 Indians have moved to the UAE in the last year.
15 Aug 2023. We celebrate Indian independence day by examining the business & cultural links between UAE & India with Piyush Singh of Tremis Capital. Plus, as DAE has bought 64 new Boeing planes, we ask Firoz Tarapore why they've decided to pick up this order book. And could AI investments reach $200 billion by 2025? Goldman Sachs research thinks so. We asked Siddhartha Bhatia of Dataiku if AI could replace our jobs. See omnystudio.com/listener for privacy information.
8/15/2023 • 31 minutes, 16 seconds
Do you need your salary early to pay your bills?
14 Aug 2023. We speak to one company that is providing employees early access to salary. Omair Ansari, CEO and co-founder, Abhi explained who is asking for the early salary. Plus, we look at why July was a boom month for house and apartment rentals with Paul Kelly of Allsopp and Allsopp. And, as Air Arabia saw net profit increase by nearly three times in Q2, compared to the year before - we ask aviation expert Vinamra Longani what this means for the industry. See omnystudio.com/listener for privacy information.
8/14/2023 • 32 minutes, 23 seconds
New property records for July in the UAE.
11 Aug 2023. We find out why July is seeing new property records in a traditionally quiet month with the man behind that Property Monitor report, Zhann Johincke. Plus, as US inflation rises slightly, to 3.2 per cent we crossed to Seattle to speak to Vladimir Dashkeev, an economics professor about those US inflation numbers. And, we hear from Houston-based energy expert - and former Dubai resident - Dr. Jim Krane about what's going on with European gas prices.See omnystudio.com/listener for privacy information.
8/11/2023 • 28 minutes, 58 seconds
Global air passenger traffic now at 94% of pre pandemic levels.
10 Aug 2023. We speak to regional IATA boss Kashif Khalid about those rising passenger numbers - and ask if high ticket prices can hold post-summer. Plus, it's Barbie day! We find out what the billion dollar movie could mean for the box office in the UAE. That's with Roxy Cinema director Murray Rea. And finally, are the high tourism numbers in Dubai having an impact on the short-term let in our property market? We ask John Lyons, Managing Director, Espace Real Estate.See omnystudio.com/listener for privacy information.
8/10/2023 • 32 minutes, 15 seconds
Report-tastic day!
09 Aug 2023. New PMI numbers show strong growth in Dubai's private sector in July while the figures from Dubai Economy and Tourism report shows that the GDP grew 2.8% in Q1. We discussed the numbers with Issam Kazim, CEO of Dubai's Department of Economy and Tourism & Khatija Haque, Chief Economist of Emirates NBD. And, Dubai residential property has seen its highest monthly capital growth since 2014. Haider Tuaima of ValuStrat has the story behind the numbers. See omnystudio.com/listener for privacy information.
8/9/2023 • 30 minutes, 34 seconds
Saudi Aramco reports 38% drop in Q2 net profit.
08 Aug 2023. Aramco profits still stand at 30 billion dollars & Matt Stanley of Kpler explains what's the story behind the number. Plus, we look at the Egyptian economy after their 100 basis point hike in rates with Carla Slim of Standard Chartered Bank. And, we look at Dubai's booming hospitality sector with David Allan of Radisson.See omnystudio.com/listener for privacy information.
8/8/2023 • 32 minutes, 22 seconds
Would you stay in a hotel near your workplace for increased productivity?
07 Aug 2023. Google's latest offering to bring employees back to the office is to encourage them to stay in a hotel owned by Google, closer to their offices, in a bid to cut down commute time. We asked Oliver Baxter of Workplace Maven what he made of this offering. Plus, after this weekend's storms, we found out how busy Dubai's maintenance companies have been -with Luke O'Brien of Octopus. And, we speak to Simon Ritchie as burger chain Pickl is targeting 50 new GCC locations over the next five years.See omnystudio.com/listener for privacy information.
8/7/2023 • 35 minutes, 41 seconds
Is there a higher demand for offices in the UAE?
04 Aug 2023. Knight Frank says their latest research shows a 23% spike in Dubai office market in the first half of 2023. We asked James Hodgetts - Partner - Occupier Strategy and Solutions, Middle East and Africa, Knight Frank what employers are looking for at the moment. Plus, as Amazon shares climbed 10% amid stellar revenue growth; but shares of Apple fell as iPhone sales declined. We crunched the numbers with Analyst Jessica Amir of moomoo. And, as ADNOC Logistics and Services reported a jump of 327% in net profits, we asked their CFO Nicholas Gleeson what is behind the growth. See omnystudio.com/listener for privacy information.
8/4/2023 • 34 minutes, 1 second
UAE's private sector continued to show "very strong" growth in July.
03 Aug 2023. New PMI reading for the UAE was 56 in July - down slightly from June; S&P economist Ralf Weigert joined us to explain the numbers. Plus, as markets continue to fall after Fitch downgraded the US economy, we asked Ed Bell of Emirates NBD how concerned we should be about this downgrade. And, as Facebook and Instagram start selling blue ticks in the UAE – yours for Dhs47 a month – we ask social media expert Steph Farah if it devalues the brands.See omnystudio.com/listener for privacy information.
8/3/2023 • 30 minutes, 3 seconds
The UAE economy grew 3.8% in Q1.
02 Aug 2023. Ed Bell from Emirates NBD explains that robust UAE growth forecast. Plus, we spoke to the eSim company disrupting telco's roaming revenues, about the funding it's just got from - e&. Ahmet Bahadır Özdemir is the Co-Founder / CEO of Airalo. And, we talk all things gold demand in India with Jeff Rhodes and Andrew Naylor from the World Gold Council.See omnystudio.com/listener for privacy information.
8/2/2023 • 34 minutes, 29 seconds
UAE's new prosecution offices to deal with financial crime.
01 Aug 2023. Lawyer Rebecca Kelly of Clyde & Co. explained why UAE judicial authorities are setting up new offices to deal with financial crime, including money laundering. Plus, we look at what effect the increase in fuel prices could have on inflation with Emirates NBD economist Ed Bell. And, do you prefer using eSIM when you travel? Richard Dean says roaming services on our UAE number is cheaper. Do you agree?See omnystudio.com/listener for privacy information.
8/1/2023 • 29 minutes, 7 seconds
Tough penalties for deliberate tax evasion in the UAE.
31 Jul 2023. We find out more about the penalties that will come into force tomorrow for not keeping proper corporate tax records with lawyer Nils Van Hassel from DLA Piper. Plus, as ADIB reported a 68% year-on-year rise in Q2 profit - we speak to their Group CFO Mohamed Abdel Bary on that growth. And, are you considering buying an EV? Research from Cars 24 says EV searches are booming in the UAE – CEO Abhinav Gupta tells us how many of these inquiries are turning into bookings.See omnystudio.com/listener for privacy information.
7/31/2023 • 30 minutes, 11 seconds
Do you have a will in the UAE?
26 Jul 2023. DIFC Courts says over 700 wills have been registered in the first half of 2023 but we asked Amna Al Owais, Chief Registrar, DIFC Courts why this growth has been a bit slow. Plus, RAKBANK has posted a 71% jump in profits in H1. Their CEO Raheel Ahmed told us whether he was surprised by this number. And, we speak to one business that set up during COVID to find investors! Khaled Talhouni, the MD of Nuwa Capital explained why they left their jobs to start an investment company. See omnystudio.com/listener for privacy information.
7/26/2023 • 31 minutes, 55 seconds
Dubai’s CPI was at 2% in June, lowest level since early 2022
We go through those new inflation numbers with Emirates NBD senior economist Daniel Richards and find out where in the Dubai economy prices are easing. Meanwhile, rents have risen more than 32% annually. We speak to the man behind the report, Haider Tuaima, Director and Head of Real Estate Research at Valustrat. And, as Elon confirms that he killed off the Twitter bluebird logo - replacing it with the letter 'X' - we reveal what it means for UAE advertisers and users with ad agency Leo Burnett. See omnystudio.com/listener for privacy information.
7/25/2023 • 32 minutes, 50 seconds
What Europe's heatwaves mean for travel insurance?
We asked Toshita Chauhan, Business Head of Policybazaar.ae where do we stand with travel insurance when it comes to cancellations. Plus, with the Dow Jones stock index enjoying its longest rally since 2017, where should you invest? Veteran investor Gary Dugan joins us live. And do we need more oil? IEF says the world could face an oil shortage. Oil expert Matt Stanley, Partnerships Lead, Middle East at Kpler shared his take.See omnystudio.com/listener for privacy information.
7/24/2023 • 33 minutes, 21 seconds
37% expats wish to retire in the UAE, but can you afford it?
We speak to National Bonds about their survey which found more than a third of us want to retire here in the UAE. Insurance broker Stephen MacLaren of Seven Insurance Brokers share where are we in terms of affordable coverage for retirees. Dr. Neil Nijhawan of Burjeel Holdings explain what does this mean to your healthcare costs. And we look at the retirement visa take up with Fragomen.See omnystudio.com/listener for privacy information.
7/20/2023 • 31 minutes, 32 seconds
Around a third of UAE expats want to retire in the emirates
That's according to a new survey from National Bonds, which found only 8% want to return home. So we asked how much do you think you need to retire comfortably in the UAE? Plus, venture capital funding for Middle East tech start-ups took a big hit this year, down 42% to $1 billion so far. We speak to the research firm behind the report, Philip Bahoshy of Magnitt. And, catch-ups with covid era companies - wedding planners that pivoted twice - and are still going strong.See omnystudio.com/listener for privacy information.
7/19/2023 • 32 minutes, 8 seconds
Are people cancelling their Europe holidays because of the heatwave?
We asked the Head of Product Development at DW Travel, Emily Jenkins. Plus, we look at what so significant about India and UAE to use dirhams and rupees for trade with Dr. Suyash Bhatt of AFTI Dubai. And discuss what weaker than expected GDP numbers out of China mean for the rest of the world with Weisi Xie of Economist Intelligence Unit.See omnystudio.com/listener for privacy information.
7/18/2023 • 29 minutes, 3 seconds
The UAE and India agree to use dirhams and rupees for trade
It was signed in Abu Dhabi, where UAE President Sheikh Mohammed met Indian Prime Minister Narendra Modi. We speak to Rudolph Lohmeyer of Kearney Middle East to find out what does high-profile head-of-state visits say about the UAE’s place on the world-stage. Plus, what does Dubai's growing population mean for its short term let sector? We speak to Louis Bowers of AirDXB Group about their Q2 numbers. And, Shopify cracks down on meetings – even a small one costs $1,000 in wasted time. We get the thoughts of Amanda White, occupational psychology at Talogy Middle East. See omnystudio.com/listener for privacy information.
7/17/2023 • 33 minutes, 53 seconds
Indian Prime Minister Narendra Modi visits Abu Dhabi
We look ahead to Indian Prime Minister Narendra Modi visit to the UAE with President Sheikh Mohammed in Abu Dhabi tomorrow, to discuss economics and energy ties with Shalini Mittal, Principal Economist at Economist Intelligence Unit. Plus, as China announces AI legislation - and Elon throws his hat into the AI ring - we speak to one lawyer about the tricky business of regulating AI. And, new interview series kicking off today! We're checking in with businesses that launched in covid to see who has made it through, starting with Daniel Wanies, Co-Founder, CarniStore.See omnystudio.com/listener for privacy information.
7/14/2023 • 28 minutes, 38 seconds
Emirates's new charter jet service.
13 July 2023. Emirates has launched an on demand, private charter service for passengers for short flights within the region. Khalid Bel Jaflah of Emirates Airline told us how it would work. Plus, The PIF has reported a loss of nearly 11 billion dollars for 2022 - we'll look at how sovereign fund strategy is evolving with Faheem Aziz of Safa Capital. And, we look at those US inflation numbers and what this would mean for interest rates in America and in turn, the UAE. See omnystudio.com/listener for privacy information.
7/13/2023 • 33 minutes, 31 seconds
Emiratisation expansion applies to small companies.
12 July 2023. New rules in the UAE mean companies with 20-39 employees must hire at least 1 Emirati by the end of 2024. We spoke to David Mackenzie of Mackenzie Jones to find out what this means for recruitment. Plus, Alan Williamson, the CEO of Taaleem joined us to discuss their latest earnings. And we speak to Dubai startup Revibe who has raised $2.3 million in seed funding.See omnystudio.com/listener for privacy information.
7/12/2023 • 29 minutes, 52 seconds
Dubai PMI strongest since August last year.
11 July 2023. Daniel Richards of Emirates NBD joined us to discuss the readings. Plus, India is poised to become the world’s second largest economy by 2075 - we get details of how the country will achieve this with Prof. Rudra Sensarma of IIM Kozhikode. And, Dubai has ranked in the top 10 most searched destinations for long-haul travel this summer. Olivier Ponti, Vice President Insights, ForwardKeys - the people behind the survey tells us more. See omnystudio.com/listener for privacy information.
7/11/2023 • 27 minutes, 51 seconds
We speak to the CEO of Saudi's newest airline.
10 Jul 2023. Tony Douglas, formerly of Etihad, joined us live from the Kingdom to talk about the new airline he's taken charge of - Riyadh Air. Plus, we discuss the latest employment report by Cooper Fitch that showed a slowdown in the UAE market but a surge in Saudi Arabia. And, we discussed the price of gold with Chandu Siroya of Siroya Jewellers.See omnystudio.com/listener for privacy information.
7/10/2023 • 39 minutes, 44 seconds
Emiratisation deadline today!
07 Jul 2023. Private companies in the UAE have to fulfil the latest Emiratisation target today - so we got a legal perspective from Lisa Merod of Clyde & Co. about the rules around the hiring & the recruiting perspective from Talib Hashim, Managing Director of TBH Advisory. And we talk to IATA about the continued demand for seats in planes. Kashif Khalid is the regional director for MEA. See omnystudio.com/listener for privacy information.
7/7/2023 • 32 minutes, 44 seconds
Foreign direct investment into the UAE rose to a record 84 billion dirhams in 2022.
06 Jul 2023. We asked Khatija Haque, Chief Economist, Emirates NBD why the UAE is so attractive to investors. Plus, we cross to Oman to speak to Andrew Spearman of Six Senses Zighy Bay as business booms in our near neighbour. And, Roberto Firmino is the latest football legend to move to Saudi Arabia. We speak to Steve Bainbridge of Greenberg Traurig about the lucrative Saudi football league.
See omnystudio.com/listener for privacy information.
7/6/2023 • 30 minutes, 42 seconds
1500 new companies set up in Ras Al Khaimah.
05 Jul 2023. RAKEZ's new Q2 figures from 2023 shows 132% increase compared to the same period in 2022. We speak to their CEO Ramy Jallad. Plus, Emirati homeowners will see their burdens eased by a new ruling from the UAE Central Bank to limit the impact of interest rates. We get details from Zhann Johinke of Property Monitor. And, as the 8th OPEC International Seminar gets underway in Vienna, we speak to oil analyst Amena Bakr of Energy Intelligence Group about what we can expect from the talks. See omnystudio.com/listener for privacy information.
7/5/2023 • 30 minutes, 1 second
4th July in the US - a booming stock market but lackluster economy.
04 Jul 2023. What do these numbers mean for the USA? We ask Justin Dargin of Carnegie Endowment in Washington DC and Professor Adam Ramey of New York University in Abu Dhabi. Plus, as Saudi Arabia has prolonged its oil production cuts, we ask Sean Evers what this means for prices. And, as Teslas posted record delivery numbers, we spoke to Craig Stevens of Dubicars.com about the boom internationally but when will we see it in the UAE. See omnystudio.com/listener for privacy information.
7/4/2023 • 29 minutes, 13 seconds
Tesla reports a record quarter, while Apple hits $3 trillion.
03 Jul 2023. Monte Safieddine, Analyst at IG told us what he makes of Apple's stellar numbers. Plus, we crossed to Pakistan for the latest on that economic lifeline from the IMF. And, we find out why the founder of ChatGPT is being sued.
See omnystudio.com/listener for privacy information.
7/3/2023 • 30 minutes, 3 seconds
The Business Breakfast Book Club.
26 Jun 2023. We've been asking Dubai's business leaders what they will be reading this summer. Plus, we hear from the Literary Editor of FT - Frederik Studemann about how they pick books for their book club. And Stephen King, Senior Economic Advisor, HSBC joined us to discuss inflation, what's on his reading list, and whether he will write a song on inflation. See omnystudio.com/listener for privacy information.
6/26/2023 • 35 minutes, 25 seconds
Vienna tops the list of the world's most livable cities.
23 Jun 2023. We speak to Barshali Bhattacharya of Economic Intelligence, the author of the report, to find out why Dubai is not in the top 10. Plus, we crossed to Washington to speak to Dr. Sara Vakhshouri, Founder & President, SVB Energy International as Indian Prime Minister Narendra Modi continues his state visit. And, as the UAE Central Bank lowered its GDP growth forecast for this year - we ask Daniel Richards of Emirates NBD what this means for us. See omnystudio.com/listener for privacy information.
6/23/2023 • 26 minutes, 58 seconds
How expensive is living in Dubai?
22 Jun 2023. We answer your questions on the rising cost of living – globally and here in the UAE – with a range of experts, including economist Ed Bell of Emirates NBD, Group MD of Betterhomes Richard Waind, and the guys behind one of the world's largest cost of living reports - Mercer. Plus, we talk the commodity market with Ole Hansen, Head of Commodity Strategy, Saxo Bank.See omnystudio.com/listener for privacy information.
6/22/2023 • 28 minutes, 32 seconds
Do we live in an expensive country?
21 Jun 2023. A report from Julius Baer has ranked Dubai as the 7th most expensive city in the world for luxury living but what does it mean for regular cost of living? This sparked a huge debate and divided our studio's opinions. Plus, we look at the state of the remittance market after a decline in 2022 with Delma Exchange. And, we speak to the boss of Emirates Development Bank, after it allocated Dhs100 million to ‘food tech’ start-ups in the UAE.See omny.fm/listener for privacy information.
6/21/2023 • 31 minutes, 26 seconds
How has our spending pattern changed?
20 Jun 2023. YouGov's latest cost of living survey says 44% of us in the UAE have noticed a decrease in our disposable income - Zafar Shah explains. Plus, we have a special focus on Dubai's Financial Market - we speak to the CEO of DIFC's Innovative Hub - Mohammed Al Blooshi & Patrick Meaney of DFSA. See omny.fm/listener for privacy information.
6/20/2023 • 26 minutes, 36 seconds
Are we travelling for Eid holidays?
19 Jun 2023. Mamoun Hmedan of Wego joined us to explain the increase in Eid holiday bookings and just how much we are paying for it. Plus, we crossed live to China to speak to EIU's Weisi Xie, as US Secretary of State Anthony Blinken visited Beijing. And, recruitment on Wall St is at its lowest since the Financial Crisis. Is that the UAE's gain? We speak to headhunter Andrew Croft.See omny.fm/listener for privacy information.
6/19/2023 • 28 minutes, 42 seconds
The European Central Bank (ECB) raises interest rates to the highest in 2 decades
Economist Khatija Haque explained the ECB decision and statement. Plus, finance chief of Commercial Bank of Dubai, Darren Clarke, told us why they’ve raised half a billion dollars though a so-called ‘green bond’. And we looked at why the ICAEW has lowered its growth forecast for the Gulf with their economic advisor Scott Livermore.See omnystudio.com/listener for privacy information.
6/16/2023 • 30 minutes, 56 seconds
The Fed has kept interest rates unchanged at around 5%
The UAE Central Bank confirmed it would do the same. We cross live to Professor Vladimir Dashkeev at Seattle University for reaction. Plus, we speak to the real estate firm selling Dubai's most expensive house - for a cool 750 million dirhams. And a chat with Redington, the technology solution provider, who have just crossed the $10 billion threshold. See omnystudio.com/listener for privacy information.
6/15/2023 • 32 minutes, 41 seconds
UAE to attract 4,500 millionaires this year
That's according to a report by Henley & Partners. We speak to Philippe Amarante, Managing Partner and Head at Henley & Partners Middle East DMCC to find out who are these people and what they are looking for. Plus, we speak to Group CEO Adel Abdullah Al Ali about Air Arabia's' plan to double its fleet capacity this year. And, the team from Gallup discuss their latest State of the Global Workplace 2023 report: reveals that workplaces in the UAE remain the most highly engaged in the MENA region with 27% of UAE employees engaged and thriving at work.See omnystudio.com/listener for privacy information.
6/14/2023 • 36 minutes
What’s more important when you pick your next job? CASH or CULTURE?
It's our big “cash vs culture” debate. What’s more important when you pick your next job? Range of experts weigh on these including recruitment experts Nathalie Spree of True Search and David McKenzie of Mackenzie Jones. Plus, what to expect from today's US inflation report with economist, Khatija Haque.See omnystudio.com/listener for privacy information.
6/13/2023 • 29 minutes, 42 seconds
Dubai property prices rise at one of the fastest rates on record
The Dubai property market saw a 2.51% price growth in May, according to Property Monitor. We ask report author Zhann Johincke if what goes up must come down. Meanwhile a new report from Allsopp and Allsopp argues that we're seeing this year is consistent, sustained growth. We speak to the boss Lewis Allsopp. And, Dubai ranks first globally in attracting FDI projects in cultural and creative industries in 2022. We speak to Neel Shukla, Senior Art Consultant at Four Seasons Ramesh Gallery.See omnystudio.com/listener for privacy information.
6/12/2023 • 29 minutes, 38 seconds
7 in 10 UAE employees are active job seekers
That's according to a new survey from Michael Page UAE. We spoke to Luke Tapp, Partner, Pinsent Masons and get his take. Plus, Google is the latest tech company to try and pursuade employees to turn up. Workplace specialist Oliver Baxter explained whether the office has changed forever. And producer Shruthi Rajendran joined us live from South Korea about the return of tourism after the mask mandate was dropped recently.See omnystudio.com/listener for privacy information.
6/9/2023 • 30 minutes, 28 seconds
It's Dolphin-nomics! Live Broadcast at SeaWorld Yas Island, Abu Dhabi
We talk theme-park-nomics with the man who runs them all on Yas Island, Mohamed Abdalla Al Zaabi of Miral. Plus, we look at what SeaWorld might add to the Abu Dhabi economy with Nicola Gleeson of New York University. And as travel demand continues to soar, we'll look at how busy Etihad expects to be this summer with Fatma Al Mheiri, VP UAE Sales, Etihad Airways.See omnystudio.com/listener for privacy information.
6/8/2023 • 33 minutes, 53 seconds
Saudi Arabia’s LIV Golf signs agrees a landmark merger with the DP World Tour and America’s PGA
We cross live to our very own golf correspondent, Tom Urquhart live in KSA to get all the details. Plus, Careem has been making headlines with its 'dirhams for delay's campaign. We ask their global head of food Alex Golden if he has any regrets. And as Dubai Chambers register 15,000 new members this year, we speak to President and CEO, Mohammad Ali Rashed Lootah.See omnystudio.com/listener for privacy information.
6/7/2023 • 30 minutes, 19 seconds
Dubai jumps up Mercer's cost of living index to 18th place in 2023
Both Dubai and Abu Dhabi have jumped up Mercer's annual cost of living index, which measures the most expensive cities in the world for expats. Vladimir Vrzhovski, Financial Services and Technology Industries Lead at Mercer Middle East joined us live. Plus, National Bonds raises its stake in Dubai school operator Taaleem to 22%. We find out more with Taaleem CEO Alan Williamson. And we looked at the increased investment into sports in KSA which is hoped to pay dividends with Chris Brown, Co-Founder, Number Ten + Managing Director, CBF Performance-Education-Management.See omnystudio.com/listener for privacy information.
6/6/2023 • 33 minutes, 11 seconds
OPEC+ announces surprise oil output cuts
Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day. We crossed live to Vienna to speak to OPEC correspondent Amena Baker. Plus, how much is your summer travel costing vs 2019? We' look at the continued recovery in air passenger traffic with regional IATA boss Kashif Khalid and travel agent Emily Jenkins on the soaring cost of summer flights. See omnystudio.com/listener for privacy information.
6/5/2023 • 29 minutes, 5 seconds
How will Corporate tax help UAE's revenue base?
02 Jun 2023. As Corporate Tax officially launched in the UAE yesterday, we asked Monica Malik, Chief Economist, ADCB what this will mean for the country's economy. Plus, we look at what might come out of this weekend's OPEC+ meeting with energy expert Matt Stanley. And, as shares of ADNOC Logistics climb 55% on their stock market debut, we speak to their CFO Nicholas Gleeson. See omnystudio.com/listener for privacy information.
6/2/2023 • 26 minutes, 52 seconds
Corporate tax in the UAE begins today
It’s June 1st – UAE corporate tax begins TODAY, with exemptions for some businesses and organisations. Basel Arafe is the Corporate Tax Partner at Deloitte UAE joins us live. Plus, a focus on all things aviation as Air New Zealand’s survey will weigh people before boarding with Vinamra Longani, Head of Operations at Sarin & Co. We talk tech with H.E. Omar Al Suwaidi, from the Ministry Of Industry & Advanced Technology. And, we find out what corporate tax effects on your property market, with Espace Real Estate.See omnystudio.com/listener for privacy information.
6/1/2023 • 44 minutes, 48 seconds
Do people still read and buy newspaper?
Gulf News and Khaleej Times newspaper in the UAE has decided to stop printing the physical newspaper on weekends. Anshuman Joshi, Director Sales & Publishing at Gulf News & Al Nisr Publishing talk us through the business case behind the decision. Plus, ratings agency S&P has affirmed its AA rating on the Abu Dhabi economy – one of the highest in the world, economist Trevor Cullinan of S&P outlined the main findings. And, latest report that Dubai is now home to hundreds of Russian startups and investors. We speak to the author from Wamda, Triska Hamid.See omnystudio.com/listener for privacy information.
5/31/2023 • 33 minutes, 12 seconds
Is the Dubai restaurant industry oversaturated?
30 May 2023. Chef and restaurateur Jason Atherton joined us to talk about the restaurant industry. Plus, we talk about the economics of video games, as new research says it will double to $6 billion by 2027 with Klaus Kajetski of Yalla Esports. And, Knight Frank has been looking at the future of Dubai's luxury real estate market - and its all about parks. We speak to head of Middle East research Faisal Durrani.See omnystudio.com/listener for privacy information.
5/30/2023 • 35 minutes, 3 seconds
The US reaches a deal to raise the debt ceiling.
29 May 2023. We look at what we know about the deal (very little) & what that means for our region with Daniel Richards of Emirates NBD. Plus, as Dubai pledges to make public transport net-zero by 2050, we speak to transport expert Vitali Bielski of Frost & Sullivan. And, Souqalmal founder Ambareen Musa has a new financial offering - and this one aims to bring financial literacy to the workplace.
See omnystudio.com/listener for privacy information.
5/29/2023 • 42 minutes, 14 seconds
AED 750 million mansion in Dubai.
26 May 2023. Dubai Developer BinGhatti's Muhammed BinGhatti joined us in studio to discuss their collaboration with luxury car brand Bugatti to build the new ultra-luxury Bugatti residences. Plus, Beachonomics! We'll look at at what plans to increase Dubai's beachfrontage by 400% mean for the economy. And, energy economist Robin Mills of Qamar Energy spoke to us about clean energy investments and that blockbuster ADNOC Logistics IPO.See omnystudio.com/listener for privacy information.
5/26/2023 • 38 minutes, 26 seconds
Are we ready to replace USD?
25 May 2023. Kristalina Giorgieva says no! The IMF boss defended the US currency, telling an event in Doha: “Don’t kiss your dollars goodbye yet!” We get detailed analysis on these comments from Ed Bell of Emirates NBD. Plus, is the UAE ready for EVs? We ask Thomas Ingenlath, CEO of Polestar. And, we look at the UAE property market with Abdullah Alajaji, Founder, Driven Properties.See omnystudio.com/listener for privacy information.
5/25/2023 • 30 minutes, 39 seconds
Expo City Dubai to have over 3000 people.
24 May 2023. As new companies begin to move into their offices at the Expo City Dubai site, 3000 employees will be working by September. Plus will AI replace investment advisors? We ask Investment Strategist Henk Potts from Barclays Bank. Multi-billion dollar company Checkout.com is the first fintech to be granted a Retail Payment Services licence from the Central Bank of the UAE. Why is that important? We’ll find out.See omnystudio.com/listener for privacy information.
5/24/2023 • 33 minutes, 43 seconds
How much should we tip?
23 May 2023. What is the right amount to tip servers and delivery drivers? We asked restaurateur Andre Gerschel about the tipping culture in the UAE. Plus, Elon Musk has dropped the prices for Teslas again the US. Does the man have a plan? We ask Craig Stevens, the CEO of Dubicars.com. And, we crossed to Cannes where Tom Urquhart is our man on the red carpet at the Film Festival. See omnystudio.com/listener for privacy information.
5/23/2023 • 33 minutes, 13 seconds
The G7 concludes with pledges to strengthen global supply chains.
22 May 2023. We hear from Emirates NBD's Ed Bell about the key takeaways from the G7 countries meeting which included India and Ukraine. Plus, we talk hydrogen with French energy firm Engie – they have a $5 billion deal with Masdar here in the UAE. Stephan Cobert, Senior Vice President of Hydrogen for Asia, Middle East and Africa, Engie joined us to explain the importance of hydrogen. And, Dubai's done well financially out of hosting the region's leading art fair, but what's the knock-on effect of Art Dubai? We'll ask their Executive Director, Benedetta Ghione.See omnystudio.com/listener for privacy information.
5/22/2023 • 31 minutes, 25 seconds
G7 meeting gets underway today
As we wrap up our final broadcast from ICD Brookfield Place - we look at how Japanese stocks have hit their highest level since 1990, as G7 leaders meet in Hiroshima today. Rodrigo González is a Tokyo based economist with the Economist Intelligence Unit and he explained what this meeting means for Japan and the world. Plus, we speak to one of ICD Brookfield Place's newest tenants: White & Case, one of the world’s Top 10 law firms. We asked Debashis Dey why they decided to set up an office here. And, we speak to JLL about ESG goals as more companies set up in the UAE. See omnystudio.com/listener for privacy information.
5/19/2023 • 31 minutes, 54 seconds
World Bank says UAE GDP to grow 2.8% this year
Dr. Chris Payne, Chief Economist of Peninsula Real Estate explained what he made of these numbers - is that too low a prediction? Plus, we hear from John Lyons of Espace Real Estate to ask if there's been a slowdown in the property market. And, we hear from Sharif El Bedawi- the ex-Silicon Valley investors who’s bringing the V-C spirit to Dubai.See omnystudio.com/listener for privacy information.
5/18/2023 • 37 minutes, 32 seconds
UAE tourism is close to being back to 2019 level
The World Travel and Tourism Council says travel and tourism spend in the UAE should come just 1 and a half per cent below pre-pandemic highs. We speak to Julia Simpson, President and CEO of WTTC. Plus, we talk baggage handling and trust in ensuring your bags arrive at your destination with Nicole Hogg, Product Management Director, Baggage, SITA. And, We speak to Knight Frank's head of regional research, Faisal Durrani and ask him how much longer does this property boom have to run?See omnystudio.com/listener for privacy information.
5/17/2023 • 38 minutes, 6 seconds
Is the Fed to blame for SVB's collapse ?
The boss of SVB has criticised the Federal Reserve, saying the Fed's messaging on interest rates and inflation being transitory sent out wrong ideas. We ask Gary Dugan of Dalma Capital, what he makes of this. Plus, Corporate tax registration is open - we find out how to do it properly with tax expert Shiv Mahalingham. And, 80% recruiters say they prefer hiring people with a gaming background. Abdulrahman Al Hazimi, Partner Manager at YouTube, who carried out the survey joined us to explain the results. See omnystudio.com/listener for privacy information.
5/16/2023 • 31 minutes
Are we working too hard?
UAE employees work harder than almost any other in the world according to a new survey. But is that a good thing, we ask workplace culture expert Lucy D'Abo of Together. Plus, as it is the final day for UAE companies to report their earnings, we ask Faheem Aziz of Safa Capital what we're seeing in the market. And, we speak to Dubai's latest food delivery about why we need a new one - and why they're different - Abdullah Al Mutawa is the Founder & CEO of Get CariSee omnystudio.com/listener for privacy information.
5/15/2023 • 30 minutes, 25 seconds
Earning season with Emirates, ADNOC, and Al Ansari.
12 May 2023. As earning season continues we look at Emirates results with lawyer Nick Humphrey. Plus, we look at the Q1 numbers of ADNOC Gas with Peter Van Driel & Al Ansari Financial Services with Rashed Al Ansari. And, we discuss the most unlikely person to become the next CEO of Twitter, after Elon Musk announced he's leaving the post. See omnystudio.com/listener for privacy information.
5/12/2023 • 35 minutes, 52 seconds
Emirates has created $200 million aviation sustainability fund.
11 May 2023. With this bit of breaking news this morning, we spoke to aviation expert Vinamra Longani of Sarin & Co. to find out what this move means for sustainability in the aviation sector. Plus, we discuss the newest listing by ADNOC - 15% of its logistics and services unit - with the CFO Nicholas Gleeson. And, we speak to the boss of Agthia - Alan Smith about their Q1 figures & what this proxy data tells us about the population of the UAE. See omnystudio.com/listener for privacy information.
5/11/2023 • 35 minutes, 25 seconds
ADNOC announces its latest IPO.
10 May 2023. ADNOC will list 15% of its logistics and services unit - and we asked Matt Stanley of Kpler what this means for the company. Plus, we talk trust in UAE companies on the back of an international report with H.E Tariq Bin Hendi, Middle East Chairman, Edelman. And, we ask for your suggestions of the UAE equivalent of 'leave some butter on your bread' when it comes to IPO listings. See omnystudio.com/listener for privacy information.
5/10/2023 • 32 minutes, 47 seconds
Dubai Airports has reached almost 96% of pre-pandemic passengers.
09 May 2023. CEO Paul Griffiths joined us to discuss the incredible growth & how they've revised their forecast. Plus, our special focus on generative AI -first with Jasim Al Awadi of Du & Nancy W Gleason of NYU Abu Dhabi. And, we talk Azizi Development's expansion into the luxury hospitality sector with Michael Zager. See omnystudio.com/listener for privacy information.
5/9/2023 • 40 minutes, 36 seconds
Is WFH hazardous for your career?
08 May 2023. The CEO of IBM has said that work from home could ruin employees' promotion opportunities. We hear from a number of HR experts - Oliver Baxter of Workplace Maven & Suzanne Gandy of Bayut & Dubizzle. Plus, as the Saudi economic growth slowed to 3.9% in Q1, we asked Khatija Haque of Emirates NBD to put those numbers into context for us. And, we discussed a new way to pay rents in the UAE with Walid Shihabi of Keyper. See omnystudio.com/listener for privacy information.
5/8/2023 • 33 minutes, 18 seconds
What you need to know about the UAE unemployment insurance for freezone employees
We take legal advice on those changes to the mandatory unemployment scheme with Lisa Merod of Clyde and Co. Plus, coronationomics! We speak to Dubai resident who has already been honoured by the new King. And, looking at earnest season Shell reports stronger than expected profits with energy expert Amena Bakr.See omnystudio.com/listener for privacy information.
5/5/2023 • 26 minutes, 39 seconds
The Fed raised interest rates by 25 percent basis points
And The UAE Central Bank immediately followed suit, raising the base rate by 25 basis points. We get the reaction on what it means for us here and in our mortgages, from economist Daniel Richards & Gil Van Gelder, Sales Director, Espace Real Estate. Plus, we look at what the region's CEOs are thinking and feeling - and how much they're getting paid with Jack Khabbaz of Cooper Fitch.See omnystudio.com/listener for privacy information.
5/4/2023 • 32 minutes, 12 seconds
April PMI shows strong growth in private sector hiring
The UAE private sector saw its sharpest rise in new business in a year and a half last month, that's according to new PMI data. Economist Daniel Richards gave his reaction. Plus, Brandy Scott is down at ATM 2023 and speak to Emirates Airline President Tim Clark saying financial results are “exceptionally good this year”. And, its earning season - oil and gas giant BP has reported strong profits for the beginning of the year as energy prices remain high. We get the thoughts of energy expert Sean Evers. See omnystudio.com/listener for privacy information.
5/3/2023 • 29 minutes, 34 seconds
How long revenge tourism can last?
Day 2 of ATM 2023 is well underway - we look at how long revenge tourism can last with the COO of Hotelbeds, Carlos Munoz. Plus, we speak to the new CEO of Jumeirah Group Katerina Giannouka to talk us through the five-year plan to strategically align the Jumeirah business and how the business is doing currently. And, we talk sustainable travel with Brian Moran, VP Global Sustainability Policy & Partnerships at Boeing.See omnystudio.com/listener for privacy information.
5/2/2023 • 30 minutes, 55 seconds
Arabian Travel Market (ATM) Kicks off Today!
It's day 1 and we've got Emirates Airline CCO Adnan Al Kazim in studio to explain how the tourism industry is in terms of recovery. Plus, focus on the Saudi tourism market with Muzzammil Ahussain, CEO, Almosafer. And the economist's view of what rising petrol prices mean for our cost of living with Daniel Richards of Emirates NBD. We also find out how the rise echoes what's happening in energy markets with oil expert Matt Stanley.See omnystudio.com/listener for privacy information.
5/1/2023 • 32 minutes, 36 seconds
Are there more restaurants than mouths to feed in Dubai?
28 April 2023. As the Dubai Food Festival wraps up its first week, we took a look at the restaurant industry. We spoke to George Kunnappally, Managing Director, Nando’s & Spero Panagakis, co-founder of BB Social. Plus, as ENBD and FAB reported their earnings, we spoke to Gary Dugan of Dalma Capital about the performances of banks in the UAE.See omnystudio.com/listener for privacy information.
4/28/2023 • 31 minutes, 37 seconds
The Business Breakfast storage special
27 April 2023. As more of us are moving house, we look at what's happening to storage rates with The Box Self Storage and if warehouse storage is feeling the pressure with Knight Frank. Plus, we talk short term rentals with Calum White of White & Co.See omnystudio.com/listener for privacy information.
4/27/2023 • 31 minutes, 49 seconds
UAE job creation up 4% in Q1
We look at those UAE hiring numbers with Cooper Fitch CEO Trevor Murphy. Plus, everyone seems to be moving and the population is booming we ask Easytruck what their numbers are telling them. And, we speak to author Patrick Kane about becoming bionic - and his new book, Human 2.0.See omnystudio.com/listener for privacy information.
4/26/2023 • 29 minutes, 51 seconds
UAE’s most expensive land plot sells for AED 125mil
Knight Frank sets new record for most expensive plot sale value with AED 125 million Deal on Jumeirah Bay Island. Who's involve and how the deal come together? We asked Andrew Cummings, Partner and Head of Prime Residential at Knight Frank.See omnystudio.com/listener for privacy information.
4/25/2023 • 36 minutes, 17 seconds
Bullying at workplace in the UAE
U.K. Deputy Prime Minister Dominic Raab resigned last Friday over bullying, we discuss bullying at workplace with professor Amanda Nimon-Peters of Hult Business School. Plus, the UAE Ministry of Finance says certain organisations will be exempt from corporate tax. We find out what those new tax exemptions mean in practice with lawyer Shahram Safai of Afridi and Angell. And, did the annual Ramadan sales result in a spike in car sales? We find out with Sonny Bains, Managing Director, Expat Motors.See omnystudio.com/listener for privacy information.
4/24/2023 • 34 minutes, 13 seconds
Eidonomics - from staycations to vacations.
As we countdown to the Eid Al Fitr holidays, we look at where people are traveling for the break from the UAE with Mamoun Hmedan of Wego while how many are staying here and travelling within the Emirates with Philip Wooler of STR and the new releases out in cinemas this weekend with Murray Rea of Roxy Cinemas.See omnystudio.com/listener for privacy information.
4/19/2023 • 31 minutes, 53 seconds
Strongest March for Dubai property sales.
18 April 2023. Last month was the strongest March on record for Dubai property sales - we spoke to Zhann Johincke of Property Monitor about those figures. Plus, as the defamation trial of Fox News begins over its coverage of the US election, media lawyer Fiona Robertson of OSN joined us to explain the story. And, duty free sales are up as travel spending is predicted to boom - we hear from Ramesh Cidambi of Dubai Duty Free & Rabia Yasmeen of Euromonitor. See omnystudio.com/listener for privacy information.
4/18/2023 • 29 minutes, 29 seconds
KPMG fined over the collapse of Abraaj.
17 April 2023. A Dubai court has fined KPMG AED 800 million over the collapse of Abraaj. KPMG have said they will appeal the decision. We asked Raza Mithani, Managing Partner, Conselis Law about what happens next in this ongoing saga. Plus, we look at the four economic zones to be set up in Saudi Arabia & find out what it means for companies looking to do business in Saudi, and what it could mean for the Saudi economy. And, we talk insurance trends during Ramadan and Eid with Caroline Bertrand, Chief HR and Marketing Officer, GIG Gulf.See omnystudio.com/listener for privacy information.
4/17/2023 • 31 minutes, 32 seconds
Regional Ramadan spend up nearly a third.
14 April 2023. We speak to Fahed Ghanim, CEO, Majid Al Futtaim Lifestyle about their latest research on spending during the Holy Month. Plus, as the IMF spring meetings in Washington draw to a close, we get the inside story from someone with a front row seat: Professor Afshin Molavi, of Johns Hopkins University in D.C. And we discuss the world of entertainment with the UK's best paid TV presenter, Jack Whitehall, ahead of his live gig in Dubai this weekend.See omnystudio.com/listener for privacy information.
4/14/2023 • 30 minutes, 56 seconds
US inflation falls to its lowest in 2 years.
13 April 2023. We get reaction to that US inflation data from economist Preston Caldwell in Chicago. Plus Tony Graham in Minneapolis told us about the reaction in the US & Jeanne Walters of Emirates NBD - to find out what it means for rates and currencies here in the UAE? And, as Dubai's newest mall is set to be built next to the Expo 2020 Dubai site, we look at the business case for the mall with Ben Bargh of CRC Properties.
See omnystudio.com/listener for privacy information.
4/13/2023 • 28 minutes, 46 seconds
School fee rises in Abu Dhabi.
12 April 2023. Private schools in Abu Dhabi will be allowed to increase fees from the next academic year. So we asked Shaun Robison, CEO, BBD Education how these funds will help the education institutes. Plus, we're looking at the other half of the Careem super app deal, the company that paid $400 million for half of it. Hatem Dowidar is the group CEO of e&. And, the IMF has revised the UAE (and the global) growth forecast - so we asked Jeanne Walters of Emirates NBD - how they're reading this report. See omnystudio.com/listener for privacy information.
4/12/2023 • 31 minutes, 38 seconds
E&'s $400 million investment in Careem's superapp.
11 April 2023. We're looking in-depth at the local investment story making headlines around the world, including Careem CEO Mudassir Sheikha live in the studio, talking about that billion-dirham deal with Etisalat and Uber. Plus, as the UAE prepares for Corporate Tax, we speak to Ton van Doremalen, Tax Partner, DLA Piper Middle East LLP & Chairman of the UAE Chapter of the International Fiscal Association about the upcoming changes. And, the World Bank has revised the growth forecast - we get details from Jeanne Walters of Emirates NBD. See omnystudio.com/listener for privacy information.
4/11/2023 • 37 minutes, 31 seconds
More companies in RAK's Economic Zone.
10 April 2023. RAK Economic Zone saw the number of new companies signing up more than double in Q1. Ramy Jallad joined us to explain what's driving up the numbers. Plus, as the UAE Minister of State for Finance Mohamed Al Hussaini heads to Washington for the IMF Spring Meeting, we ask Masood Ahmed about the UAE's role in the meeting. And, we discuss more flights between UAE and Canada with John Gradek of McGill University.See omnystudio.com/listener for privacy information.
4/10/2023 • 32 minutes, 40 seconds
Corporate tax relief for small companies.
07 April 2023. The UAE has offered tax breaks for small companies with less than Dhs3 million of annual revenues as the 9% corporate tax comes into effect this summer. We asked Shahram Safai of Afridi & Angell Legal Consultants who qualifies for the ‘Small Business Relief’. Plus, we discuss the shocking OPEC+ production cuts with Robin Mills of Qamar Energy. And, we look at the latest air transport numbers with the local IATA boss Kashif Khalid.See omnystudio.com/listener for privacy information.
4/7/2023 • 31 minutes, 40 seconds
CAFU is expanding.
06 April 2023. We speak to Alaa El Huni - Chief Business Officer of CAFU about their plans & how they actually make money. Plus, Gold is holding steady above $2,000 an ounce, the highest in a year - we get details from Daniel Richards of Emirates NBD. And, how does Donald Trump's arrest impact the economy? We ask Adam Ramey of NYU Abu Dhabi. See omnystudio.com/listener for privacy information.
4/6/2023 • 30 minutes, 38 seconds
How much could you get paid for moving to Saudi?
05 April 2023. We take a look at the job market in the Kingdom with Aaron Fletcher, Senior Manager - Hays Saudi Arabia & just how much people can earn to make the move. Plus, the UAE private sector has seen employment rise at its fastest pace in 8 months, according to new PMI data. We get details from Daniel Richards of Emirates NBD. And, we talk video games, as Saudi Arabia pledges $38 billion to invest in the sector with gaming expert Klaus Kajetski of YaLLa Esports. See omnystudio.com/listener for privacy information.
4/5/2023 • 35 minutes, 49 seconds
How are you reacting to the rising cost of living?
04 April 2023. Job seekers in Dubai are asking for higher salaries as the cost of living rises - that's according to research from True Search. Nathalie Spree joined us in studio to discuss the findings of their survey. Plus, we crossed live to Abu Dhabi with economist Monica Malik: her take on OPEC’s shock oil cuts, and what it means for inflation here in the UAE. And, do you know how Reebok got its name? Co-founder Joseph Foster joined us in studio to reminisce about the creation of the brand.
See omnystudio.com/listener for privacy information.
4/4/2023 • 33 minutes, 50 seconds
OPEC+ shocks the market by cutting oil production.
03 April 2023. Oil surged 5% in early Asian trade after OPEC+ announced production cuts of more than a million barrels a day - we get reaction from economist Daniel Richards of Emirates NBD & former oil broker Matt Stanley (currently of Kpler). Plus, which professions are the most and least reliable? We hear from Nigel Sillitoe of Insight Discovery and their latest survey. And, Thomas Pramotedham, CEO, Presight AI joined us to discuss his company's success after announcing their listing on the ADX. See omnystudio.com/listener for privacy information.
4/3/2023 • 31 minutes, 11 seconds
Will petrol prices drop today?
31 March 2023. The UAE will announce petrol prices for April tonight, so we asked Amena Bakr of Energy Intelligence Group what might determine the prices and whether they will go down. Plus, as Goldman Sachs says 300 million jobs will be hit by AI, we speak to economist Jason Schenker, author of “Jobs for Robots - Between Robocalypse and Robotopia”. And, we try to twist the Gwyneth Paltrow trial into a business story. Did we succeed?See omnystudio.com/listener for privacy information.
3/31/2023 • 32 minutes, 17 seconds
How stable is the UAE banking sector?
30 March 2023. All eyes have been on the banking sector worldwide after the collapse of SVB over in America and UBS stepping in to help Credit Suisse over in Switzerland. While it cannot be called a crisis yet, we asked KPMG what this means for the UAE banking sector. Abbas Basrai, is a Partner and Head of Financial Services at KPMG Lower Gulf. Plus, We'll hear from venture capitalist Arjun Sethi on the current state of things for start-ups.And, in light of that Goldman Sachs report and Tech CEO letter, just how much is AI going to impact the job market in the future? We ask Oscar Orellana-Hyder, Head of Financial Services, Robert Walters Middle East.See omnystudio.com/listener for privacy information.
3/30/2023 • 30 minutes, 41 seconds
ADNOC to invest in Israeli gas.
29 March 2023. ADNOC has signed a $2 billion deal with BP to invest in Israeli gas. This comes as UAE and Israel signed a deal to reduce customs duty in a bid to boost bilateral trade. We spoke to Keren Uziyel, Senior Analyst & Country Risk Service Manager, Middle East & Africa, Economist Intelligence about the significance of these deals. Plus, Israel economist Keren Uziyel joined us live, with the latest on the economic impact of street protests in Tel Aviv. And, can you ban Binance? US regulators are trying to but Irina Heaver the Crypto Lawyer says otherwise. See omnystudio.com/listener for privacy information.
3/29/2023 • 29 minutes, 33 seconds
IPO boom continues in the UAE.
28 March 2023. Shares of Presight AI soared 143% on their stock market debut in Abu Dhabi. We discussed the company's performance and just what they do. Plus, yesterday, Al Ansari Exchange priced its IPO at the top end of the range, valued at Dhs7.7 billion. We spoke to Rashed Ali Al Ansari live on air about how the family run company is preparing for their listing. And, we talk IPL with Maaz Sheikh after Starzplay acquired streaming rights for the tournament. See omnystudio.com/listener for privacy information.
3/28/2023 • 30 minutes, 32 seconds
School fees to change next academic year.
27 March 2023. Some schools in Dubai are notifying parents that fees will go up from the 2023-24 academic year while some have informed parents that they will not be hiking fees. We spoke to David Westley of Which Media - what he made of these announcements. Plus, we talk gold - from the sharp increase in prices with John Reade of the World Gold Council, to the TV show about the famous London gold heist with gold expert Jeff Rhodes. See omnystudio.com/listener for privacy information.
3/27/2023 • 34 minutes, 8 seconds
Why you should always say yes to Suhoor invites?
24 March 2023. As the Holy Month of Ramadan gets underway, we asked Talib Hashim of TBH advisory what he expects to see during the month with hiring but he also explained why jobseekers should never turn down an invite to Suhoor. Plus, the CEO of TikTok has defended the Chinese social media company in a 5-hour testimony to US Congress. Dubai media lawyer Dino Wilkinson gives us his take on the TikTok controversy in the US. And, the Bank of England governor says current bank woes are NOT a repeat of 2008. See omnystudio.com/listener for privacy information.
3/24/2023 • 32 minutes, 19 seconds
The US Federal Reserve has raised interest rates.
23 March 2023. Jay Powell announced the decision to raise rates by 25 basis points and the UAE Central Bank immediately followed suit; the base lending rate here is now 4.9%. We spoke to investment expert Keith Fitzgerald in Seattle to ask what he made of this decision and Ed Bell of Emirates NBD about what this means for us in the UAE. Plus, what does this mean for the property market in the UAE? We ask John Lyons of Espace Real Estate. And, we talk about the rise in demand of luxury commodities with Massimo Vidoni, The Truffleman of Dubai, Importer and supplier of top fresh Truffle & Caviars, Founder of ITALTOUCH. See omnystudio.com/listener for privacy information.
3/23/2023 • 33 minutes, 56 seconds
All eyes on the Fed meeting tonight.
22 March 2023. Markets are pricing in a 25 basis point rate hike by the Federal Reserve tonight so we asked Ed Bell, Senior Director - Market Economics at Emirates NBD what they will be looking out for in Jay Powell's speech. Plus, the boss of Emirates Airline has urged India to boost landing slots between the UAE and India but the country's aviation minister issues a firm ‘no’. We asked aviation expert Vinamra Longani, what he made of the recent comments coming out of the aviation conference in Delhi. And, we look at what the IMF bailout will mean for the Sri Lanka economy with Rohan Samarajiva of LIRNEAsia.See omnystudio.com/listener for privacy information.
3/22/2023 • 32 minutes, 50 seconds
Is the current banking crisis similar to that of 2008?
21 March 2023. We cross live to San Francisco where our correspondent is Brandy Scott! She’s meant to be there on holiday, but has of course been covering the banking crisis. We also hear from Dr. Stefan Gerlach, chief economist at EFG Bank in Zurich & Steve Brice, Group Chief Investment Officer at Standard Chartered Private Bank about whether this is similar to the banking sector collapse of 2008 with the Lehman Brothers. Plus, we talk about the oil leak in Kuwait that has led to a state of emergency in the country with Matt Stanley of Kpler.See omnystudio.com/listener for privacy information.
3/21/2023 • 34 minutes, 53 seconds
UBS steps in to rescue Credit Suisse.
20 March 2023. We get the latest on that dramatic $3billion deal for UBS to rescue its long-time rival Credit Suisse. Plus, the UAE has allowed an increase in the price of chickens and eggs - we speak to Al Jazira Poultry farm about the effects on our grocery habits. And, Gordon Barr, employment lawyer at Al Tamimi & Co., clarified the rules on paid annual leave that haven't been used. See omnystudio.com/listener for privacy information.
3/20/2023 • 24 minutes, 59 seconds
How significant is Al Ansari listing on DFM?
17 March 2023. So far we've had mainly government entities privatising but what does a family firm like Al Ansari listing mean for our financial market? We ask Salmaan Khawaja, Partner - M&A and Transaction Advisory, Grant Thornton - UAE. Plus, as the European Central Bank raised interest rates by half a percent we spoke to Dr. Naseer Saidi, former Economy Minister of Lebanon & currently of Nasser Saidi & Associates about his economic take on the EU banking sector. And, Angus Blair joined us live from Cairo to discuss what the devaluation of the Egyptian currency means for their inflationary woes.See omnystudio.com/listener for privacy information.
3/17/2023 • 29 minutes, 30 seconds
Will the new sophisticated Chat GPT take our jobs?
16 March 2023. Nancy W Gleason, Director, Hilary Ballon Center for Teaching and Learning, Associate Professor of Practice, Political Science, NYU Abu Dhabi, Saadiyat Campus joined us to discuss GPT 4 and how it is different from the current Chat GPT. Plus, we talk energy - from Russian oil to Europe's energy crisis and its impact on the UAE with Andy Critchlow of S&P Global Platt. And, is the rental market bonkers? We ask Emma Main of Espace Real Estate. See omnystudio.com/listener for privacy information.
3/16/2023 • 26 minutes, 18 seconds
SVB collapse - but what does it mean for the tech industry?
15 March 2023. Famously, the Silicon Valley Bank helped startups to set up their bank accounts. So we asked Philip Bahoshy, Founder and CEO, MAGNiTT, what this collapse means for the region's tech startups. Plus, what does this collapse mean for the banking industry? We speak to veteran banker Gary Dugan of Dalma Capital. And, we look at what's next for Adnoc Gas as a listed company with CFO Peter Van Driel.See omnystudio.com/listener for privacy information.
3/15/2023 • 31 minutes, 29 seconds
Are the US assurances enough after SVB's collapse?
14 March 2023. US President Joe Biden says the banking system is safe and that the money would not come from the American taxpayer. We hear from Simon Fentham Fletcher of Freedom Asset Management about what this means for the banking industry and from PK Gulati who was having talks with SVB as recently as last week. Plus, Bateel dates were part of the Oscars goodie bag given to some select winners. We asked Duncan Muir, Senior Director - Food & Beverage & Retail at Bateel about how they managed to strike this deal. See omnystudio.com/listener for privacy information.
3/14/2023 • 35 minutes, 14 seconds
Saudi's newest national airline.
13 March 2023. Saudi Arabia's PIF has announced a long rumoured new airline - Riyadh Air. We asked Nick Humphrey of Norton White about the emergence of a new carrier in the region and if this would mean more codesharing within the GCC. Plus, OSN joined us to discuss their recent deal with Warner Bros Discovery. And, so much market related news today - Adnoc Gas, Presight, IHC, Aramco - we put it all in context with capital markets specialist Mohammed Ali Yassin.See omnystudio.com/listener for privacy information.
3/13/2023 • 34 minutes, 52 seconds
Hotel check-in preference.
10 March 2023. Jumeirah hotel has announced mobile check-ins for customers so we've been discussing whether it is better to have an online check-in or in person at the desk. We hear from Sanjay Sharma of the Jumeirah Group while Brandy and Tom pick different sides. Plus, we speak to the group CEO of Dubai's first IPO of 2023 - Rashed Al Ansari. And, we talk aviation recovery with Kashif Khalid of IATA.See omnystudio.com/listener for privacy information.
3/10/2023 • 30 minutes, 36 seconds
Dubai's latest IPO - Al Ansari.
09 March 2023. Al Ansari Financial Services has announced plans for an IPO - the first Dubai listing of 2023. We get the details from Sameer Lakhani of Global Capital Partners and Andrew Tarbuck of Al Tamimi & Co. Plus, we discuss off-plan properties and their popularity in the UAE real estate market with Clementine Munro of Espace. And, we'll look at what Fed chair Jay Powell's comments could mean for interest rates with Morning Star.See omnystudio.com/listener for privacy information.
3/9/2023 • 32 minutes, 20 seconds
Does the glass ceiling exist in 2023?
08 March 2023. As we mark International Women's Day, we asked Diana Wilde, Co-Founder, Aurora50 whether the mindset is changing at the workplace when it comes to equal opportunities for women. Plus, what are flight prices doing for Ramadan and Eid? We speak to Mamoun Hmedan, Chief Commercial Officer and Managing Director, Middle East, North Africa (MENA) and India, Wego. And, we discussed a new Hays report that says more than half of Gulf employees got a pay rise last year, with Sarah Dixon, Managing Director of Hays Middle East.See omnystudio.com/listener for privacy information.
3/8/2023 • 32 minutes, 17 seconds
Tax exemptions for moving HQ to Saudi Arabia.
07 March 2023. What does it mean for companies if they decided to move their regional HQs to claim Saudi's tax-free offer? We ask Shiv Mahalingham, International Tax & Global Transfer Pricing, The Cragus Group Limited. Plus, as G42 subsidiary Presight looks to raise close to half a billion dollars in an IPO, their CEO Thomas Pramotedham explains what the company does. And, we talk the business of setting up concerts and selling tickets with James Craven, President, Middle East of Live Nation. See omnystudio.com/listener for privacy information.
3/7/2023 • 29 minutes, 42 seconds
Special edition live from the Resolve Forum
06 March 2023. We've been let loose - just down to the Nation's capital. We were live today from the Abu Dhabi Global Market where we spoke to Linda Fitz-Alan, Chief Executive, ADGM Courts about the Resolve Forum & the very special guest flying in for the event, Hilary Clinton. Plus, as Abu Dhabi’s G42 Group gets ready to sell just over 30% of its data analytics subsidiary presight.ai in an IPO, we ask veteran investor Mohamed Ali Yasin about the latest addition to the ADX. And, we discussed the carbon calculator with Tim Cordon of the Radisson hotel group.See omnystudio.com/listener for privacy information.
3/6/2023 • 29 minutes, 58 seconds
How are you spending your bonus?
03 March 2023. New research from Zurich says half of us got a bonus last year while 82% say they will invest it sensibly. So we've been asking you - how would you spend it? Plus, some breaking economic news - the UAE non-oil economy is growing at its fastest rate since Oct according to new PMI data. We discussed the figures with Ed Bell of Emirates NBD. And, what is a commuter community? Matt Gregory of houza.com explains. See omnystudio.com/listener for privacy information.
3/3/2023 • 30 minutes, 7 seconds
We have liftoff!
02 March 2023. We were on countdown duty this morning, as Emirati astronaut Sultan Al Neyadi got ready to blast off in Florida after the first flight was scrubbed - we spoke to a host of experts - someone who had their flight scrubbed and someone who prepares space food. Plus, as FlyDubai saw profits soar 43% in 2022, we asked Gaith Al Gaith, CEO of the airline - how much of that is because of the World Cup in Qatar & Expo 2020 Dubai. And, we look at the new tax laws for UAE expats. See omnystudio.com/listener for privacy information.
3/2/2023 • 39 minutes, 34 seconds
Medical claims and costs are on the rise in the UAE.
01 March 2023. We discussed the new research from Marsh with their UAE CEO Ayman El Hout who also told us about the lack of pension schemes in the country. Plus, we hear from Kitopi, the Dubai-based cloud kitchen about their latest acquisition. And, as Swiss investment firm Edmond de Rothschild becomes the latest finance firm to set up shop in Dubai, we ask headhunter Toby Simpson about the jobs that will be available in the market soon. See omnystudio.com/listener for privacy information.
3/1/2023 • 33 minutes, 49 seconds
Adnoc Gas has increased the size of its IPO to a 5% stake.
28 February 2023. We ask Robin Mills of Qamar Energy why this is being done so soon. Plus, we crossed to India, as Emirates asks for more landing slots, and weighs up a code share with resurgent Air India. Tarun Shukla, an aviation journalist, tells us what the story is on the ground in India. And, The UAE and other Arab nations have signed 2 billion dollars worth of industrial deals. We find out more from His Excellency Omar Al Suwaidi, undersecretary at the Ministry of Industry and Advanced Technology.See omnystudio.com/listener for privacy information.
2/28/2023 • 31 minutes, 49 seconds
We were on space watch today!
27 February 2023. As Emiratis astronaut Sultan Al Neyadi prepares to blast off later today, we speak to a space expert at New York University Abu Dhabi. Plus, as the UAE non-oil economy is set to grow more than 4% this year, we ask Ed Bell about the Emirates NBD view. And, as HUB71 - Abu Dhabi's Tech Ecosystem - launched a new fund for start-ups, we asked Peter Abou Hachem, Head of Strategy and Product, Hub71 what that means for the capital.
UPDATE: These interviews were done before Sultan Al Neyadi's space launch was delayed.
See omnystudio.com/listener for privacy information.
2/27/2023 • 32 minutes, 51 seconds
On year since the war in Ukraine, we’re counting the economic cost.
24 February 2023. We discuss everything from the rising food and energy prices to Dubai real estate market with Al Fullerton of TriBeCa 2050 Fund, Alessia Sheglova of Dacha Real Estate, and Amena Bakr of the Energy Intelligence Group. Plus, ADNOC could raise more than 2 billion dollars in a share offering for its gas unit. We speak to ADNOC Gas CEO Ahmed Mohamed Alebri.
See omnystudio.com/listener for privacy information.
2/24/2023 • 31 minutes, 59 seconds
Museum of Future's One year anniversary.
23 February 2023. 1 million visitors from over 163 countries have visited the Museum of the Future since it opened its doors a year ago. We asked Lath Carlson, Executive Director, Museum of the Future about the popularity of the museum and a hack - if you'd like to visit it. Plus, as UAE interest rates are set to stay higher for longer after the Fed minutes came out - we asked John Lyons, Managing Director of Espace Real Estate about what that would mean for our property market. And, we'll hear from the five-thousand-dollar-a-session therapist currently on a speaking tour of Dubai.See omnystudio.com/listener for privacy information.
2/23/2023 • 34 minutes, 32 seconds
No vacancy in UAE hotels.
22 February 2023. Room rates are through the roof & hotels are at full capacity to accomodate the high tourist numbers coming through the UAE - Simon Leigh of midmarket chain Premier Inn Hotels explains. Plus, we speak to UAE entrepreneur Shan Kadavil of the Indian food retailer FreshtoHome after it raised $100 million from Amazon. And, UAE military contractors win nearly Dhs8 billion of deals on day two of the Abu Dhabi military show, IDEX. See omnystudio.com/listener for privacy information.
2/22/2023 • 34 minutes, 1 second
Dubai Airports saw more than 66 million passengers last year.
21 February 2022. CEO Paul Griffiths joined us in the studio to discuss the numbers. Plus, as the Gulfood event enters Day 2, we talk the finance of food with the CEO of Agthia - Alan Smith. And, we discuss pilot shortage with Sir Julian Young. See omnystudio.com/listener for privacy information.
2/21/2023 • 33 minutes, 32 seconds
Work from home or back to the office?
20 February 2022. As Amazon tells staff to get back to the office at least 3 days a week, we speak to experts including Dr Amanda Nimon-Peters of Hult Business School & workplace specialist Oliver Baxter about what is better - work from home, the office, or a hybrid model. Plus, Dubai prime property saw one of the largest capital growths in the world last year, says Savills. We hear from Swapnil Pillai, their Associate Director of Research. And, Meta has announced plans to sell coveted “blue ticks” on Facebook and Instagram for $12 a month but would you buy it?See omnystudio.com/listener for privacy information.
2/20/2023 • 35 minutes, 20 seconds
ADNOC to float nearly 4% of its Gas processing company.
17 February 2022. Andrew Tarbuck of the law-firm Al Tamimi & Co. joined us to discuss the listing - after working on it. Plus, we hear from the Radisson Group's robust expansion plans in the UAE and the region. And, nearly 40% of us would quit our jobs for more money. We spoke to the recruitment company behind it.See omnystudio.com/listener for privacy information.
2/17/2023 • 32 minutes, 21 seconds
Dubai rents rose by a record 28.5% last year, according to CBRE.
16 February 2022. In this rent special episode, we speak to the man behind the research, Taimur Khan. Plus we look at what the listings tell us with Sarah Hewerdine of Houza. We speak to removals company owner Rick McIntyre about how many people are actually moving. And real estate lawyer Rita Ayoub discusses your rights if you get an eviction notice.See omnystudio.com/listener for privacy information.
2/16/2023 • 37 minutes, 23 seconds
Air Arabia has reported a 70 per cent increase in net profit.
15 February 2023. CEO Adel Al Ali joined us to discuss the numbers. Plus, as Emirates completed its five-week points devaluation programme - we heard from Dr.Nejib Ben Khedher - Divisional Senior Vice President, Emirates Skywards. Noon.com has completed its acquisition of Namshi & Ali Kafil-Hussain told us how this will work moving forward. And, we hear from Elon Musk who has been speaking at the World Government Summit in Dubai. See omnystudio.com/listener for privacy information.
2/15/2023 • 38 minutes, 42 seconds
Day 2 of World Government Summit and we focus on tech.
14 February 2023. As Day 2 of World Government Summit gets underway, we hear from one of India's richest man - Sridhar Vembu of Zoho Corporation and from Uri Levine of the Waze map app fame. Plus, it is earnings season we spoke to Raheel Ahmed, CEO, RAKBANK about their highest annual profit. And, we talk Valentinonomics.See omnystudio.com/listener for privacy information.
2/14/2023 • 32 minutes, 36 seconds
Day 1 of the World Government Summit gets underway.
13 February 2023. We speak to regional IMF head and WGS attendee Jihad Azour about what the region needs to do to prepare against inflation. Plus, as UAE healthcare group Burjeel reported over 50 per cent jump in annual net profit - we spoke to Dr. Shamsheer Vayalil, Chairman and Founder of the company about the numbers. And, flying taxis in Dubai could be seen in our skies very soon. Ahmed Behrozyan, CEO of RTA joined us to explain the latest development in air taxis.
See omnystudio.com/listener for privacy information.
2/13/2023 • 39 minutes, 5 seconds
Dubai office rents are rising.
10 February 2023. As companies fight for Grade A workspace, we ask Thierry Delvaux, CEO, JLL Middle East and Africa whether this is the end for work for home. Plus, as Abu Dhabi’s ADNOC Distribution reported a 22% rise in net profit for 2022, Maryam Salman of Qamar Energy told us what this means for the economy. And, we talk family affairs with Jacques Visser of DIFC.See omnystudio.com/listener for privacy information.
2/10/2023 • 34 minutes, 8 seconds
Would you buy a property off Instagram?
09 February 2023. Clementine Munro, Associate Director - Head of Apartment Sales, Espace Real Estate joined us to discuss whether social media is a good tool for selling real estate - after a Dubai villa sold for $34m thanks to an Instagram and YouTube video campaign. Plus, we heard from H.E Omar Suwaina Al Suwaidi, Undersecretary, Ministry of Industry and Advanced Technology about the growth of the UAE's industrial sector last year. And, UAE companies are posting record profits - especially banks like Mashreq, Abu Dhabi Investment Bank, and now Commercial Bank of Dubai. Darren Clarke is their Chief Financial Officer and he explained why banks are performing well in this economy.See omnystudio.com/listener for privacy information.
2/9/2023 • 33 minutes, 47 seconds
New emiratisation deadlines.
08 February 2023. Private sector companies have been told to increase their Emirati staff by 1% every 6 months. We asked Lisa Merod from the law firm Clyde & Co. what these changes meant for companies. Plus, are people booking Eid holidays earlier than usual? Atish Thapa of OTA Cleartrip joined us with their research. And we got the latest from President Joe Biden's State of the Union address in the USA which included an announcement of higher taxes on billionaires.See omnystudio.com/listener for privacy information.
2/8/2023 • 39 minutes, 31 seconds
UAE non-oil foreign trade passes 2 trillion dirhams for the first time.
07 February 2023. His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade joined us to explain the surge in numbers. Plus, we talk takeovers with the boss of retailer GMG. Last year they bought Geant supermarkets; this week aswaaq. Mohammed Baker joined us in studio. And, we look at the UAE's record tourism numbers with Guy Hutchinson of Rotana.See omnystudio.com/listener for privacy information.
2/7/2023 • 32 minutes, 56 seconds
Did you ever cheat on an exam?
06 February 2023. Dr. Zeenath Reza Khan of University of Wollongong in Dubai joined us to discuss ChatGPT and cheating in schools - with a shocking statistic of how many students cheat during exams. Plus, we hear from Dubai-based private jet operator VistaJet after they reported a 50% jump in revenue. And, we get a silicon valley insider's view of the recent layoffs in the tech world. Ann Hiatt is a Leadership Consultant, and former right hand to Jeff Bezos (Amazon) and Eric Schmidt (Google). See omnystudio.com/listener for privacy information.
2/6/2023 • 36 minutes, 19 seconds
A tough night for big tech: sales fall at Apple, advertising falls at Google.
03 February 2023. We crossed live to New York with tech analyst Evan Shapiro, to digest a crazy week of earnings. Plus, as rate hikes continue: both the ECB and Bank of England raising by 50 basis points, we asked Ed Bell of Emirates NBD whether there was any surprise in this move. And, noon.com will stream IPL matches for the next 2 seasons. Neha Choudhary explains why they've decided to enter the streaming wars. See omnystudio.com/listener for privacy information.
2/3/2023 • 35 minutes, 20 seconds
The Fed in the US has raised interest rates - UAE has immediately followed suit.
02 February 2023. We asked Ed Bell of Emirates NBD what this means for us in the UAE & Keith Fitz-Gerald, Principal of Fitz-Gerald Group about the US reaction to Jay Powell's speech. Plus, veteran investor Mohammed Ali Yasin, Capital Markets Advisor & Specialist gave us his take on what has been a pretty good earning season for UAE companies. And what does the rate hikes mean for our property market? We ask Sarah Hewersdine of Houza.comSee omnystudio.com/listener for privacy information.
2/2/2023 • 33 minutes, 5 seconds
Commuters will pay roughly 10 per cent more for fuel.
01 February 2023. We find out what that means for us and for the global oil prices with Ed Bell of Emirates NBD and Matt Stanley of Kpler. Plus, we discuss the risks & rewards of the growing demand for second passports. And, we talk to Sky Kurtz of Pure Harvest Smart Farms about how UAE grown produce is going to Saudi Arabia. See omnystudio.com/listener for privacy information.
2/1/2023 • 29 minutes, 56 seconds
The IMF raises its global growth forecast.
We understand what this means for the world economy as well as the UAE with Henk Potts of Barclays Private Bank. Plus, as New Zealand's former PM Jacinda Ardern stepped down we discussed the rising problem of burnout in the workplace with Scott Armstrong of mentl. And, we get the latest on the Adani Group vs. Hindenburg saga.
See omnystudio.com/listener for privacy information.
1/31/2023 • 34 minutes, 21 seconds
More insurance claims after the rains
We look at what last week's rain means for home and business insurance claims with insurance broker Anthony Cerchiai. Plus, big focus on travel and tourism: Dubai is set to add another 13 thousand hotel keys this year - increasing stock by around 9%, according to JLL, we speak to Faraz Ahmed. And we talk aviation with the boss of Whizz Air Abu Dhabi about 2022 results and their plans for 2023.See omnystudio.com/listener for privacy information.
1/30/2023 • 34 minutes, 8 seconds
Shares of FAB plunge 8%, despite reporting record profit
Banking expert Asad Ahmed of Alvarez & Marsal crunch the numbers on FAB and Emirates NBD – both reporting record profit last year. Plus, we look at weather demand or supply, concerns or optimism keeping the oil price under $90 a barrel with Robin Mills, CEO, Qamar Energy. And we talk blockchain gaming with John Linden, CEO, Mythical Games.See omnystudio.com/listener for privacy information.
1/27/2023 • 31 minutes, 27 seconds
Weather impact on the UAE.
We look at the economic impact of the rain in Dubai - we hear from the boss of a food delivery firm; a schools operator; and the organiser of the Hero Dubai Desert Classic golf event, where play is suspended. Plus, talking real estate with John Lyons of Espace Real Estate about the biggest property stories this week. See omnystudio.com/listener for privacy information.
1/26/2023 • 33 minutes, 6 seconds
Would you take financial advice from social media influencers?
New research from Friends Provident says very few of us do. We speak to Nigel Sillitoe of Insight Discovery about the results of the survey. Plus, the Chief Commercial Officer of Emirates - Adnan Kazim joined us to explain the importance of Australian flight routes, as flights to Sydney and Melbourne return to pre-pandemic levels. And, it's a week until the deadline for new limited term contracts - employment lawyer Sabrina Saxena of Al Tamimi & Co. tells us what this means for companies.See omnystudio.com/listener for privacy information.
1/25/2023 • 33 minutes, 32 seconds
Why should more local companies list?
We speak to veteran investor Fadi Ghandour of Wamda Capital about the boom in the local stock market. Plus, we'll look at what the IPO boom means for smaller cap and international companies with Safa Capital. And, Simon Hailes, Head of Edelman Smithfield Middle East joined us to explain why we need good storytellers in the IPO sector. See omnystudio.com/listener for privacy information.
1/24/2023 • 30 minutes, 13 seconds
MENA IPO Summit series
As we broadcast live from the MENA IPO summit series - we speak to the CEO of the DFM about what's fuelling the current IPO boom. Plus, with China’s borders opening we look at the impact that is having on Dubai’s hotel occupancy with Thomas Kurien of LEVA Properties. And, we talk cryptocurrencies with Saqr Ereiqat, Co-Founder, Crypto Oasis.See omnystudio.com/listener for privacy information.
1/23/2023 • 23 minutes, 39 seconds
Messi v. Ronaldo in Saudi.
Richard Dean was in Saudi Arabia to see the legendary match between Cristiano Ronaldo and Lionel Messi & he joined us to explain what Ronaldo's move has meant for the Kingdom. Plus, as Property Monitor released its December real estate report with another record month we spoke to Zhann Johinke about the numbers. And, we look at the biggest energy stories of the week with Sean Evers of Gulf Intelligence. See omnystudio.com/listener for privacy information.
1/20/2023 • 30 minutes, 40 seconds
Need for sustainable finance to go green
This special edition of the Business Breakfast comes to you from the Abu Dhabi Global Market where we were live for the 5th edition of Abu Dhabi Sustainable Finance Forum (ADSFF). We hear from the World Bank's GCC director, Dr. Issam Abousleiman, about what the region needs to do to become greener financially. Plus, Dubai has ranked as the world’s most popular destination for holidaymakers in Tripadvisor’s 2023 Travellers' Choice Awards. We speak to Issam Kazim, CEO, DCTCM about this achievement. And, we talk property with Sarah Hewerdine of houza.See omnystudio.com/listener for privacy information.
1/19/2023 • 32 minutes, 14 seconds
Dubai inflation is rising around 5% y-o-y.
We discuss the new numbers out this morning. Plus, we discuss recession concerns, GCC vs the world, with Richard Boxhall from PWC. We talk Cirquenomics with the boss of the Coca-Cola Arena - Mark Jan Kar. And, we wrap up over coverage of the World Future Energy Summit with David Hannah, Professor of Hydrology at the University of Birmingham and UNESCO Water chair. See omnystudio.com/listener for privacy information.
1/18/2023 • 32 minutes, 55 seconds
Dr. Sultan Al Jaber warns that the world is “way off track” on tackling climate change.
We hear from Dr. Al Jaber at the opening of Abu Dhabi Sustainability Week plus we speak to H.E. Abdullah Al Shamsi, Assistant Undersecretary - Industry Growth at the Ministry of Industry and Advanced Technology. Dubai property prices will rise at a slower rate next year, according to Better Homes. We speak to Richard Waind, Group Managing Director at Betterhomes. Plus, we look at Invesco's latest report which shows what Central Banks need to do next to reduce inflation. See omnystudio.com/listener for privacy information.
1/17/2023 • 30 minutes, 13 seconds
The UAE has lowered the age for owning a business from 21 to 18 years
We get the thoughts of some of our business leaders what they did as teenagers - and what advice they had for young entrepreneurs. Plus, the UAE is to invest 30 billion dollars in South Korea. Scott Snyder is the Senior Fellow for Korea Studies and Director of the Program on U.S.-Korea Policy, Council on Foreign Relations and he's been following the visit closely. We get his take on it and why it's important. And lots of green energy headlines at the start of ADSW - World Future Energy Summit starts today. Steve Severance of Masdar City joins us live. And as DMCC release their impressive numbers we sit down with their boss Ahmed Bin Sulayem for an extended chat.See omnystudio.com/listener for privacy information.
1/16/2023 • 38 minutes, 31 seconds
UAE's road to COP28.
Dr. Sultan Al Jaber has been named the President-elect ahead of the climate change conference COP28 in the UAE later this year. We speak to Stuart Fleming of Enviroserve about the UAE's preparations. Plus, US inflation has fallen to 6.5% - its lowest level in a year. We get the US details from Preston Caldwell of Morningstar Research in Chicago while the local take with Daniel Richards of Emirates NBD. And, we look at the top energy stories this week with Matt Stanley of Kpler. See omnystudio.com/listener for privacy information.
1/13/2023 • 30 minutes, 12 seconds
Taaleem is buying and building new schools to keep up with demand.
CEO Alan Williamson joined us to discuss their first set of numbers post listing on the DFM. Plus, the World Bank has slashed its global growth forecast - but what does it mean for us in the UAE? We ask Daniel Richards of Emirates NBD. And, we look at the impact of the recent job cuts from Goldman Sachs and Blackrock on the UAE talent pool with Oscar Orellana-Hyder, Head of Financial Services, Robert Walters Middle East
See omnystudio.com/listener for privacy information.
1/12/2023 • 31 minutes, 7 seconds
Dubai’s real estate market hits a record for 2022.
That's according to consultancy CBRE & we ask Farhad Azizi if this growth is sustainable. Plus, we speak to RAKTDA about their record breaking visitor number. And, Dubai has ranked third in a relocation list by Comparethemarket.com.au Hannah Norton is their Digital PR Manager and explained the results of their survey.See omnystudio.com/listener for privacy information.
1/11/2023 • 31 minutes, 2 seconds
Non-oil expansion continues in Dubai.
New PMI data shows expansion but jobs and output growth is at a slower pace. Daniel Richards of Emirates NBD explained the results. Plus we look at changes to Saudi requirements for foreign companies to have an HQ in the Kingdom as well as the changes to the number of pilgrims who can go for Hajj. And, where to invest your hard-earned savings in 2023? Standard Chartered chief investment officer Steve Brice joined us live from Singapore.See omnystudio.com/listener for privacy information.
1/10/2023 • 30 minutes, 33 seconds
Is your airline rewarding you enough for loyalty?
Emirates is increasing the number of Skywards miles needed for upgrades - which has led to a lot of discussion and debate in the studio and on the texts. Plus, Saudi Arabia has overtaken India as the world’s fastest growing major economy. And, the salaries for hiring Emirati workers is soaring, as new fines for Emiratisation quotas kick in. Talib Hashim of TBH Advisory explained what companies can do next.See omnystudio.com/listener for privacy information.
1/9/2023 • 33 minutes, 4 seconds
Is the 4 day work week the future or a fad?
LPM Restaurant & Bar are offering its staff a four-day week & we asked Nicolas Budzynski how this scheme works but we also asked you - if you think it is sustainable. Plus, Dubai saw an 89% increase in visitors last year compared with 2021. Nicolas Mayer, Partner, Global Industry Leader - Tourism Partner, PwC Middle East joined us to explain the numbers. And, is the energy crisis over in Europe? We ask Amena Bakr, Deputy Bureau Chief & Chief Opec Correspondent of the Energy Intelligence Group.See omnystudio.com/listener for privacy information.
1/6/2023 • 34 minutes, 10 seconds
Dubai's 32 trillion AED economic plan.
His Highness Sheikh Mohammed bin Rashid Al Maktoum has unveiled a Dhs32 trillion plan to double Dubai's economy in a decade. We ask Ed Bell of Emirates NBD how the emirate can achieve those numbers. Plus, a new report says that a third of all lawyers in the UK would prefer to work as legal consultants rather than salaried partners. Hussain Hadi, Former Head of Middle East Publishing at LexisNexis explained the results of their research. And, we celebrate Burj Khalifa's anniversary.See omnystudio.com/listener for privacy information.
1/5/2023 • 30 minutes, 48 seconds
Cristiano Ronaldo to earn $426 a min after moving to Saudi Arabia.
We discuss the Portuguese international's stint with Al Nassr and what it means for sports in the region. Plus, we look at where to invest your hard-earned cash in 2023 with Veteran investor Mehdi Fichtali of FinaMaze. And, as companies are getting their first fines for not hitting Emiratisation targets - we ask Gordon Barr of Al Tamimi what's next. See omnystudio.com/listener for privacy information.
1/4/2023 • 31 minutes, 22 seconds
H.H. Sheikh Mohammed bin Rashid outlines his top 5 UAE goals for 2023
The UAE has named international economic partnerships and their expansion as one of its five government priorities for the new year. Economist Ed Bell shared his economic takeaways from this list, and economic goals for the year. Plus, as China opens up, we get the economist Mattie Bekink reaction on the impact on both China and UAE economy. We continue our 2023 prediction with CEO week - Saeed Al Abbar, a Dubai-based engineering consultancy AESG for the construction industry and Maaz Sheikh of STAZPLAY for streaming industry. See omnystudio.com/listener for privacy information.
1/3/2023 • 45 minutes, 19 seconds
New Year 2023 Business Predictions
It's a CEO special this week, as we ask the UAE's business leaders to look into their crystal balls. Dubai Airports CEO Paul Griffiths shared what the year might hold for aviation. Group MD Richard Waind of Betterhomes for his property market prediction. And CEO Alan Smith of Agthia Group for his thoughts on 2023 food industry predictions and inflation.See omnystudio.com/listener for privacy information.
1/2/2023 • 30 minutes, 14 seconds
The finance of getting you home safely this NYE
We’re counting down to NYE – chauffeur company Zofeur joins us to look at the logistics of the night. Plus, what Russia banning oil sales to price cap countries means for supply - and prices? We asked Nader Itayim, Middle East Editor at Argus Media. And we had a look with the sad passing of two legends, Pele & Vivienne Westwood.See omnystudio.com/listener for privacy information.
12/30/2022 • 32 minutes, 51 seconds
The Economics of Fireworks
The cost of New Year fireworks displays in Dubai have doubled over the past two year- largely due to rising shipping costs, Tony Samuel of Flash Art explains. Plus, as China opens up, economist Jeanne Walters from Emirates NBD joins us to explain what it means for your business in the UAE. And the UAE made up more than 10% of the world's IPO value this year - but can we do it again? We ask Sameer Lakhani of Global Capital Partners.See omnystudio.com/listener for privacy information.
12/29/2022 • 34 minutes, 49 seconds
What could the unemployment insurance in the UAE mean for recruitment?
UAE's new Unemployment Insurance Scheme is to take effect on January 2023, what could this mean for hiring and firing of employees? We asked recruitment expert Toby Simpson of Striver.app. Plus, we continue our focus on the economics of New Years eve with the boss of Hyde hotel, which overlooks Burj Khalifa. And there's no pre-Christmas slowdown in Dubai's property market. Chinese market is coming back, what could it mean for UAE property market? We asked Zhann Jochinke, COO of Property Monitor.See omnystudio.com/listener for privacy information.
12/28/2022 • 33 minutes, 32 seconds
Will you pay Aed 5,000 per person this New Year's Eve for a table with overlooking Burj Khalifa?
Regional boss George Kunnappally of Nando's says incredible yes! Plus, the UAE will roll out the new Unemployment Insurance Scheme from January 2023, just days before the unemployment insurance scheme kicks off, we speak to employment lawyer Lisa Merod from Clyde and Co.See omnystudio.com/listener for privacy information.
12/27/2022 • 29 minutes, 27 seconds
Christmasnomics continues with toys.
The regional boss of Hamley’s toy shop, David White explained what are this years Christmas top picks. Plus, we look at the energy predictions of 2023 with Robin Mills of Qamar Energy. And, we look at what's next for Sam Bankman-Fried of FTX. See omnystudio.com/listener for privacy information.
12/23/2022 • 34 minutes, 54 seconds
73% of leading CEOs are predicting a gloomy economic outlook for 2023.
Nicholas McDonagh, Senior Managing Director, Member of Global Management Committee at Teneo joined us to explain the results of their survey. Plus, we're talking Christmas catering with the director of business operations at Jones the Grocer - Peter Green about the price of turkeys this year. And, we look at the bold predictions of 2023 with Sarah Hewerdine of Houza.com.See omnystudio.com/listener for privacy information.
12/22/2022 • 32 minutes, 43 seconds
Toys promoted by influencers are the must have this season.
Parents in Dubai are ditching outdoor gifts like trampolines this Christmas for those promoted through social media. Jonathan Watts, General Manager Al-Futtaim, Toys R Us and Watsons explained the trends. Plus, we look at the economics of healthcare, with the boss of Dubai-based hospital operator Amanat. Why has he just merged with a competitor – and what does 2023 hold in store? Dr. Mohamad Hamade, CEO, Amanat Holdings joined us live in studio. And, are you looking for a new job in 2023? That seems to be the trend as we bring in the new year according to Bayt.com. We spoke to Nashfi Qureshi, Brand and Marketing Director, Bayt.com about the survey.
See omnystudio.com/listener for privacy information.
12/21/2022 • 35 minutes, 49 seconds
Twitter users vote to oust Elon Musk as CEO.
But will he stay or will he go? We ask Mazen Nahawi - Founder & CEO, CARMA. Plus, we look at the new Emiratisation guidelines in the UAE with Talib Hashim of TBH Advisory. And, as the UAE Central Bank raised its growth forecast for this year to 7.6% – but cut the outlook for 2023 - we asked Khatija Haque of Emirates NBD what this means for the new year. See omnystudio.com/listener for privacy information.
12/20/2022 • 30 minutes, 15 seconds
Argentina are the World Cup champions.
Economists predict a quarter percentage point boost to the Argentine economy - but what does it mean for the region? Plus, Dubai Duty Free will generate Dhs6.2 billion in revenue this year. We speak to CEO Colm McLoughlin about the increase in revenue and what steps they're taking to keep up with the demand. And, we get the latest on the FTX collapse: US blockchain expert Michael Gronager tells us why crypto WILL survive this latest setback.See omnystudio.com/listener for privacy information.
12/19/2022 • 37 minutes, 50 seconds
Dubai has ranked 2nd in the top city holiday destinations index.
We speak to Euromonitor about these numbers and who has pipped Dubai. Plus, Western Union predicts a jump in remittances out of the UAE next year. Hatem Sleiman of the money exchange explained. And, we look at the finance of football with the revenue boss at AC Milan.See omnystudio.com/listener for privacy information.
12/16/2022 • 30 minutes, 45 seconds
US Fed have hiked up interest rates.
What does that mean for the UAE & our interest rates? We ask Daniel Richards of Emirates NBD. Plus, as shares of Americana – the KFC and Pizza hut guys – surge again in Abu Dhabi, now 20% above the IPO price, we get analysis from Andrew Tarbuck of Al Tamimi & Co. And, how Japan has emerged as a top destination for travel despite all the restrictions. See omnystudio.com/listener for privacy information.
12/15/2022 • 26 minutes, 33 seconds
What does the collapse of FTX mean for crypto?
We speak to lawyer Irina Heaver - the Crypto Lawyer about Sam Bankman-Fried's US federal indictment for fraud. Plus, we have a big focus on real estate - from Dubai beach destination La Mer shutting down for redevelopment while DAMAC prepares for its 40th anniversary.See omnystudio.com/listener for privacy information.
12/14/2022 • 30 minutes, 22 seconds
2% pay rise in the UAE.
The good news – you’re getting a pay rise next year. The bad news – only 2%. We speak to Trefor Murphy of Cooper Fitch, the people behind the survey. As the second phase of the Dubai 2040 Urban Master Plan is approved we ask Anamaria Castillo of Khalq studio what this means for the UAE.
See omnystudio.com/listener for privacy information.
12/13/2022 • 31 minutes, 1 second
Corporate Tax in the UAE.
The UAE released details of the upcoming corporate tax - 9% on income above AED375,000. We understand what this means with Shiv Mahalingham, International Tax & Global Transfer Pricing, The Cragus Group Limited. Plus, we look at the outrageous predictions of Saxo Bank with Steen Jakobsen. And, the future of Air India after its private investment with Vinamra Longani of Sarin & Co. See omnystudio.com/listener for privacy information.
12/12/2022 • 31 minutes, 10 seconds
A new 12-year budget for Dubai has been approved.
We go through the spending plans with Khatija Haque of Emirates NBD. Plus, Saudi Arabia and China have signed a big trade deal, during a visit by president Xi Jinping. We find out if this deal has a great economic value or is a symbolic tie with Weisi Xie of EIU. And Chaloub group has been looking at what the Metaverse means for luxury goods.See omnystudio.com/listener for privacy information.
12/9/2022 • 29 minutes, 59 seconds
Inflation is causing UAE investors to change strategy
A new Standard Chartered survey suggests inflation is causing UAE investors to change their strategy. We speak to Chief Investment Officer Manpreet Gill to tell us more about it. Plus, massive number of IPOs comparative to what is going on globally, we have a look of the projections for next year with Miguel Azevedo, MD at Citi. And, Chinese President Xi Xinping arrives in Saudi Arabia, starting four days of talks with Arab leaders. We speak to Patrick Tsang live from Hong Kong and find out what could it mean for the region.See omnystudio.com/listener for privacy information.
12/8/2022 • 30 minutes, 47 seconds
Special Edition - Live from Saadiyat Beach Golf Club
We're live on location from the Nation's capital. We get the inside story on Abu Dhabi’s tourism industry from some of its leading lights: Managing Director of Wizz Air Abu Dhabi and Nancy W Gleason of NYU Abu Dhabi, Saadiyat Campus. Plus, we look at projections for the UAE economy with the chief economist of Oxford Economics Middle East, Scott Livermore. And, we have a look at that new PMI numbers for the UAE show a softening of the non-oil private sector.See omnystudio.com/listener for privacy information.
12/7/2022 • 29 minutes, 39 seconds
A new delivery service for customers based in the UAE launched today - but do we need one?
Customers based in the UAE can now enjoy fast delivery on their shopping from the UK with Emirates Delivers. We speak to Skycargo Business Development VP Denis Lister. Plus, global air passenger traffic rose 45% in October year on year, according to new numbers from IATA. We speak to Regional Director Kashif Khalid and crunch the numbers both for passengers and cargo. Plus, a deep dive on the UAE’s new green building rules. We've got Dr Anas Bataw of Heriot-Watt university in the studio to answer all our questions. And we talk FIFAnomics! beIN SPORTS revealed that viewership exceeded one billion for the opening ceremony and first round of FIFA World Cup Qatar 2022 matches. We'll speak to Director of Analytics & Research - Matthew Chrisp. See omnystudio.com/listener for privacy information.
12/6/2022 • 29 minutes, 25 seconds
Phone calls on planes: Convenient or Annoying?
Airline passengers in the European Union (EU) will soon be able to use their phones to full effect in the sky. We speak to Johann Adjovi, global Telecoms Media and Technology consulting firm at Analysys Mason to get his reaction, is it convenient or annoying? Plus, we look at what that OPEC+ decision means for oil prices, and for us, with energy expert Amena Baker. And we have a new economist, Jeanne Walters of Emirates NBD dissecting that gloomy IIF report. And we analyze what those green building standards mean for our construction industry, with lawyer Euan Lloyd of Al Tamimi & Company.See omnystudio.com/listener for privacy information.
12/5/2022 • 28 minutes, 15 seconds
Dubai ranks second in a global list of cities for expats
That's according to a networking website InterNations. Valencia was top; Johannesburg was bottom. We discuss and find out how is expat's experience in UAE so far. Plus, the UAE is set to see the fastest price growth in the world for top-end property next year. We speak to Knight Frank, Faisal Durrani. And hospital-nomics with Alisha Moopen, Deputy Managing Director at the giant Aster DM Healthcare empire.See omnystudio.com/listener for privacy information.
11/30/2022 • 50 minutes, 18 seconds
More job vacancies will be up for grabs in the UAE in 2023
The strong UAE jobs market will continue into 2023, according to recruitment firm Michael Page. We speak to their Regional Director, Jon Ede, about their latest salary survey. Plus, Abu Dhabi Airports say passenger traffic totalled 4.7 million passengers in Q3 2022, a rise of 250% compared to the 1.3 million passengers in Q3 2021. We crunch those figures with Mark Souter, SVP Aviation Development at AD Airports. And, we look at how the continued investments into theme parks across the Middle East is set to increase next year with Jakob Wahl, Incoming President and CEO of IAAPA (International Association of Amusement Parks and Attractions). See omnystudio.com/listener for privacy information.
11/29/2022 • 30 minutes, 53 seconds
Dubai's countryside and rural areas development plan
Dubai's Ruler Sheikh Mohammed has approved a comprehensive plan to develop the emirate’s countryside into touristic destinations, landscape architect Anamaria Castillo joins us to review the plans. Plus, Emirates has opened a new travel store in Jumeirah - we'll find out why with Chief Commercial Officer Adnan Kazim. And, Abu Dhabi GDP up nearly 12% for the first half of 2022. Economist Dr. Christopher Payne of Peninsula Real Estate put that in context for us.See omnystudio.com/listener for privacy information.
11/28/2022 • 27 minutes
Gulf employers to face higher staff absences due to World Cup
That's acoording to a new survey conducted by online recruitement GulfTalent. We find out the impact of World Cup on staff productivity with Yasser Hatami, Managing Director at Gulf Talent. Plus, Dubai property market powers on, says the latest Property Monitor report. We look at how much further it can go with COO Zhann Johincke. And, it's Black Friday - shoppers hoping to clinch lucrative deals on holiday gifts may get lucky during sales this season. But those who wait may get even luckier? We find out David Quaife, MENA General Manager at Pattern.See omnystudio.com/listener for privacy information.
11/25/2022 • 30 minutes, 38 seconds
Special shuttle flights to Doha for FIFA World Cup
We speak to flydubai's CEO, Ghaith Al Ghaith about the Match Day Shuttle service that started and its impact on Dubai World Central (DWC). Plus, the woman behind Dubai's World Cup predicting penguin, Toby! Sarah Pillay of Majid Al Futtaim's Global Snow division explain how they train Toby. And, Sarah Hewerdine answering all questions from valuation to mortgage uptake for property advise for real with houza.See omnystudio.com/listener for privacy information.
11/24/2022 • 31 minutes, 20 seconds
Should you ever go back to your former employer?
Following Bob Iger’s shock return to Disney this week, we speak to professor Amanda Nimon-Peters of Hult Business School and find out if such move be good for the company. Plus, the UAE Government has outlined a new economic strategy for the next decade, including aims to double GDP to 3 trillion dirhams by 2031. We asked economist Daniel RIchards what kind of growth rates we need to see for that to happen. And, Jumeirah Group is celebrating its 25th anniversary this week. CCO Alex Lee joins us to talk about revenge tourism, football fans and where the company fits into the country's new 2031 plan.See omnystudio.com/listener for privacy information.
11/23/2022 • 36 minutes, 1 second
Would you be comfortable on a commercial flight with just one pilot?
In a move to save costs and ease staff shortages, Airlines push for single-pilot flights to cut costs despite safety fears. Would you board a commercial flight with just one pilot? We speak to Mark Hofmeyer, VP and Director of Communications at The Australian and International Pilots Association (AIPA) and an ex-pilot weather it's a good idea or not, Bernard Diffley. Plus, Dubai Airports raises its forecast for passenger traffic this year, amid strong World Cup football traffic. CEO of Dubai Airports, Paul Griffiths crunch those numbers for us.See omnystudio.com/listener for privacy information.
11/22/2022 • 32 minutes, 10 seconds
COP participants have reached agreement on a 'loss and damage' climate fund
To put that in context and how significant it is, we speak to Anchor and Correspondent at CNN, Eleni Giokos and green fuels expert Karl Fielder. Plus, the World Cup is under way, we look at what it means for UAE hotels with the GM of Radisson, David Allen. And, we get the inside story on from the man who wrote the book. Literally! Author Carmine Gallo joins us live from California to discuss his latest book, ‘The Bezos Blueprint’.See omnystudio.com/listener for privacy information.
11/21/2022 • 28 minutes, 50 seconds
The cost of car insurance is rising in the UAE.
We speak to Neeraj Gupta, CEO of Policybazaar about why the numbers are going up. Plus, the UK chancellor says Britain is already in recession - as he announced tax rises and spending cuts. We get the analysis from Khatija Haque, Chief Economist of Emirates NBD. And, we crossed to the Jumeirah Golf Estate where Tom Urquhart spoke to us about the DP World Tour golf. See omnystudio.com/listener for privacy information.
11/18/2022 • 37 minutes, 2 seconds
High air fares are the ‘new normal’ for aviation.
That’s what Air Asia boss Tony Fernandes has told us.
Plus, we speak to John Lickerish of FLASH Entertainment ahead of this week's F1 grand prix.
And, we talk real estate with John Lyons of ESPACE. See omnystudio.com/listener for privacy information.