Daily highlights and exclusive interviews from Dubai's most informative news and business radio show. With a round-up of the day’s most important business stories, providing local content and context on the international issues that matter.Presented by Richard Dean & Brandy Scott.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The former President has announced his decision to run again after being denied a 2nd term. We hear from the man himself & discuss his bid. Plus, what is the future of banking? We ask veteran banker - HE Abdulaziz Al Ghurair - Chairman, UAE Banks Federation + CEO of Mashreq Group. And, The football fans are coming – but how many will be flying in by private jet? We speak to Holger Osthmeir of DC AviationSee omnystudio.com/listener for privacy information.
We look at the meeting of Presidents Joe Biden and Xi Xinping at the G20 in Bali with Monica Malik, chief economist of ADCB. Plus, what do mass layoffs at Meta and Twitter mean for tech talent - and wages? We speak to headhunter Oscar Orellana-Hyder. Dubai Airports boss Paul Griffiths tells us about the rush we are expecting at the airport ahead of the World Cup. And, we speak to H.E. Sameh Al Qubaisi, Director General of Economic Affairs at Abu Dhabi Department of Economic Development on the sidelines of ADFW.See omnystudio.com/listener for privacy information.
We're live on location from the Nation's capital. The crypto sell-off continued this morning, with Bitcoin down at $16,000 - we spoke to Henzie Heally, Managing Partner, TCS (The Counsel Services) about the significance of this. Plus, we speak to veteran investor & friend of the show Mohammed Ali Yasin, Capital Markets Advisor & Specialist. And we look at the Etihad's net zero flight taking passengers from Washington to Sharm El Sheikh for COP27.See omnystudio.com/listener for privacy information.
The climate conference continues in Sharm El Sheikh but to wrap up our week - we hear from Farid Al Awlaqi of TAQA, as well as, a range of government entities who are representing the UAE's bid to reach net zero targets. Plus, Emirates has posted a record H1 profit, bouncing back from a loss this time last year. We speak to aviation expert Nick Humphrey from Norton White. See omnystudio.com/listener for privacy information.
The crypto markets have been rocked by the near-collapse of one of the world's biggest cryptocurrency exchanges. Six billion dollars has been withdrawn from FTX in just three days. We speak to Bitcoin Matt Blom to explain what's going on with Crypto market. Plus, all things IPO's Andy Tarbuck of Al Tamimi. And this years' COP27 the focus isn't just on countries promising to cut emissions, big corporations are also making pledges to offset the effects of climate change. Brandy has been in conversation with a few of them to find out what they have promised. And we focus on waterfront properties vs other competing cities with Sarah Hewerdine of houza.See omnystudio.com/listener for privacy information.
We get the market implication and significance for investors with Keith Fitz-Gerald, Principal at Fitz-Gerald Group. Plus, Agthia Group has announced net revenue of AED 954 million for Q3 2022. Alan Smith is the CEO of Agthia Group joins us to explain their Q3 result. And, Brandy Scott is live from Sharm El Sheikh for COP27 and she caught up with Tony Cho, Founder and CEO of Future of Cities - a US based think tank & real estate development firm - about the kind of conversations that should come up during these events.See omnystudio.com/listener for privacy information.