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Tag: dubai

  • Family offices pause dealmaking in March on trade war fears

    Family offices pause dealmaking in March on trade war fears


    Sir Len Blavatnik speaks during an announcement between Saudi Pro League Al-Hilal Club, DAZN and Riyadh Season on the launch of their dedicated club channel

    Mark Robinson | Getty Images Sport | Getty Images

    A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox.

    Private investment firms of the ultra-rich dialed back their deal-making in March as President Donald Trump‘s tariffs loomed large. Last month, single-family offices made 40 direct investments, a 45% plunge year-over-year, according to data provided exclusively to CNBC by Fintrx, a private wealth intelligence platform.



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  • Shah Rukh Khan surprises fan with iconic dialogue at Dubai event | The Express Tribune

    Shah Rukh Khan surprises fan with iconic dialogue at Dubai event | The Express Tribune


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    Bollywood superstar Shah Rukh Khan recently had an interaction with a Pakistani fan, Shanza, at an event held at Dubai’s Global Village.

    A video of the encounter has quickly gone viral on social media, capturing the attention of fans worldwide.

    During the event, Shah Rukh Khan invited Shanza to join him on stage, where they exchanged a brief conversation.

    After greeting her with a smile, Shah Rukh Khan asked, “Hi, how are you?” Shanza excitedly responded with admiration for the actor. She then requested Shah Rukh Khan to recite one of his famous dialogues.

    In a light-hearted response, Shah Rukh Khan asked, “Which dialogue do you like—mine or another hero’s?” To which Shanza quickly replied, “Yours!” Shah Rukh Khan, fulfilled her request by reciting the iconic line from his 2007 film Om Shanti Om: “Meri aankhon mein dekho, mere qareeb aao… aur paas… aur paas!”

    The audience in attendance responded enthusiastically, enjoying the special moment.

    Following the event, Shanza took to her own social media accounts to reflect on the experience. She shared her excitement, saying, “Magical moment with @iamsrk! Who knew the girl who used to watch SRK on TV since childhood would share the stage with him one day! Thank you @city1016 for making it happen! I feel truly blessed!”

    The video of the interaction was shared widely across social media platforms, with fans expressing their delight at the opportunity for Shanza to meet her idol.

     



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  • Karishma Tanna’s Dubai Vacation Pics In A SEXY Black Monokini Will Make Your Heart Skip A Beat – News18

    Karishma Tanna’s Dubai Vacation Pics In A SEXY Black Monokini Will Make Your Heart Skip A Beat – News18


    Karishma definitely set the internet ablaze with these stunning pictures. (Images: Instagram)

    What do you think of Karishma Tanna’s chic and sexy look, goals or not?

    It goes without saying how gorgeous and great performer Karishma Tanna is. Having won hearts and awards with her performance in Hansal Mehta’s Scoop, where she played a journalist, Tanna proved her calibre as an artiste. While she is often credited for her Indian and Western style, the actress never fails to stun with her beach outfits.

    Recently, Karishma flew to Dubai with her husband and shared gorgeous pictures from her travel diaries. So far, the actress has shared 2 posts on her Instagram from her visit and they are already grabbing everybody’s attention. Karishma is, unquestionably, one of the most visually appealing people. Immediately after she released her photographs in black monokini, it caused a stir on Instagram. Karishma’s black monokini and effortless styling did the magic and she looked drop-dead beautiful. Her outfit is a perfect fit for those who feel underconfident in pulling off a bikini and don’t like showing their skin much.

    The black bikini did an excellent job of highlighting her curves. Absolutely stunning, isn’t it?

    Karishma’s photographs showed her towering figure where she looked simply stunning. The pictures showed her striking a pose outside of the aquapark in Dubai with hubby.

    The breathtaking scenery of Dubai served as a backdrop for Karishma and there is no doubt that she is having a wonderful time on her vacation. She is a beautiful example of those actresses who begin their careers with television and then make it big on the big screen.

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    Shreeja Bhattacharya

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  • Pakistan, Dubai signed $3bn pact in diverse fields – SUCH TV

    Pakistan, Dubai signed $3bn pact in diverse fields – SUCH TV



    Pakistan and Dubai have inked more than $3 billion investment pact in diverse fields including cooperation in railways, economic zones and infrastructure development.

    The agreement was signed at the World Economic Forum in Davos by Minister of Communication, Railways and Maritime Affairs Shahid Ashraf Tarar and Chairman of Ports, Customs and Free Zone Corporation (PCFC) Sultan Ahmed bin Sulayem.

    According to the Ministry of Railways, the cooperation covers the development of a dedicated freight corridor, multi-modal logistics park, and freight terminals.

    The Dubai Port (DP) World will work on infrastructure development at Qasim International Container Terminal which is Pakistan’s leading trade gateway and plans to develop an economic zone near the terminal.

    According to the statement, both governments have signed two Inter-Governmental Framework Agreements to strengthen their relations in the marine and logistics sectors, including the potential establishment of a Dedicated Freight Corridor and Economic Zone near Karachi.

    The DP World will act on behalf of the Dubai Government, while Pakistan Railways and Port Qasim Authority will act on behalf of the Pakistan Government, for the development of the projects. The rail-based Dedicated Freight Corridor is planned to run from Karachi Port on the Arabian Sea, passing through Karachi, Pakistan’s most populous city, to the Pipri Marshalling Yard, approximately 50 km away.

    This would decongest Karachi besides improving road safety. It will significantly improve efficiency, and transport times and reduce the overall cost of logistics. Pakistan Railways is Pakistan’s national, state-owned railway company, owning and operating nearly 8,000 route-km of railway across the country, from Peshawar in the northwest to Karachi in the south.

    The Qasim International Container Terminal, a second framework agreement was signed with Pakistan’s Ministry of Maritime Affairs to dredge the navigation channel. The DP World would carry out the capital dredging on behalf of the Government of Dubai. This framework agreement will also see the development of an economic zone at Port Qasim, which aims to attract more than $3 billion of foreign direct investment.

    The DP World, on behalf of the Government of Dubai, will carry out the development of the economic zone, to maximize economic activity in Pakistan.

    Speaking at the signing ceremony, Shahid Ashraf said “The DP World has a long-standing proud presence in Pakistan witnessed by mutually rewarding engagement. Building on the unwavering trust and partnership, the two brotherly countries have decided to further consolidate their economic cooperation through landmark projects.

    The signing of Investment Framework Agreements highlights the importance of Pakistan as a gateway to Asia and commercial dividends associated with its strategic location.” Sultan Ahmed bin Sulayem said that Pakistan is a growing market and an important trade corridor to Central Asia.

    “We are proud to have contributed to its trading ability through our operations at Qasim International Container Terminal and are honored to work with various Pakistani government organizations to develop new freight systems and with Port Qasim Authority to enhance port connectivity and investment.

    These will help serve Pakistan’s growing population, forecast to approach 300 million in the coming decade, and integrate it further into the wider region.”





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  • Unprecedented demand: Why India wants four for every extra seat allowed for Dubai airlines – Times of India

    Unprecedented demand: Why India wants four for every extra seat allowed for Dubai airlines – Times of India


    India has made an unprecedented demand for four seats for its carriers in exchange for each additional seat it allows Dubai-based airlines to operate in the country, according to sources familiar with the matter. Typically, international aviation trade follows a bilateral process where states reciprocally exchange rights.
    However, India is seeking to create a more favorable position for its airlines on international routes, according to an ET report.
    Under the bilateral air service agreement signed between the United Arab Emirates (UAE) and India in January 2014, both nations’ airlines are permitted to operate a combined total of 66,000 seats per week between Dubai and 15 Indian cities. This quota has been fully utilized by both Indian and UAE airlines, leaving no room for additional flights. The UAE has requested the Indian Ministry of Civil Aviation to increase the number of seats for Dubai by an additional 50,000.

    Flight traffic trends

    An official stated that Indian airlines primarily provide point-to-point service to Dubai, while UAE-based airlines use their allocations for Sixth Freedom traffic to Europe and North America, which are more lucrative routes. Sixth Freedom traffic refers to passengers traveling from one country to another via airports. In the fiscal year 2019-20, 69% of Indian passengers flying to Europe and North America used West Asian hubs such as Dubai, Abu Dhabi, and Doha on foreign airlines.

    Furthermore, it was noted that Indian carriers did not receive any state funding during the Covid crisis, whereas UAE airlines benefited from substantial government support. The Indian government, led by Prime Minister Narendra Modi, aims to provide a level playing field for Indian carriers like Air India and IndiGo on medium- and long-haul routes to Europe and North America.
    This move has the support of Air India, which seeks to expand its business on long-haul routes using wide-body aircraft.
    Air India’s CEO, Campbell Wilson, expressed concerns about excess capacity that allows passengers to choose other airlines for travel to North America, hindering Air India’s operations. He emphasized the importance of nurturing the local market for the benefit of the economy.

    Emirates and Turkish Airlines have criticized these protectionist measures, arguing that they will harm consumers. Emirates President Tim Clark highlighted that approximately 65% of international flights operated by Indian carriers are destined for Dubai. He cautioned that failing to expand capacity would result in Indian citizens losing out and a loss of $800-900 million in annual income for the carriers.
    Read From ET |India’s demand from Dubai airlines
    The Indian government is also developing a national policy to transform its airports into major international hubs, providing seamless international connectivity to the entire South Asian region. This policy, which requires cabinet approval, aims to streamline security and immigration processes at airports, allocate international flying rights, and develop necessary infrastructure. The objective is to position airports like New Delhi as competitive transit hubs, rivaling popular destinations such as Dubai and Singapore Changi Airport.





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  • Paytm announces discounts on airfares for Dubai shopping festival – Times of India

    Paytm announces discounts on airfares for Dubai shopping festival – Times of India



    Pune: One97 Communications Limited (OCL) that owns the brand Paytm, today announced discounts on flight tickets for users attending Dubai Shopping Festival running from December 8 and to January 14.
    The month-long festival offers an amazing shopping experience while seamlessly weaving together elements of luxury, entertainment, and cultural richness.The extended festival duration empowers travellers to meticulously plan their journey ensuring they make the most of this remarkable blend of shopping and entertainment.
    To facilitate a seamless travel to Dubai, Paytm introduces an exclusive flat 8% discount for users booking flight tickets on the app. By using the promo code ‘PTMDUBAI,’ attendees can quickly avail themselves of this limited-time offer and prepare for an unforgettable experience. The company is also offering a Free Cancellation feature providing travellers with the flexibility to change their travel plans anytime without worrying about cancellation charges. It also assures best prices for flight ticket bookings whether it is a one-way ticket or round-trip.
    Paytm Spokesperson said, “The month-long shopping festival in Dubai presents a golden opportunity for both shopaholics and travelers, and we hope to enable them with seamless ticket bookings. We aim to provide a comprehensive and enjoyable journey for our users, from payments to booking tickets.”





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  • Bangladesh clinch maiden U19 Asia Cup title – SUCH TV

    Bangladesh clinch maiden U19 Asia Cup title – SUCH TV



    Bangladesh on Sunday thrashed UAE by 195 runs at Dubai International Cricket Stadium to claim their first ACC U19 Asia Cup title.

    Batting first, Bangladesh set a target of 283 runs for UAE, on the back of a brilliant 129-run innings from Ashiqur Rahman Shibli.

    Chowdhury Md Rizwan (60) and Ariful Islam (50) also gave important contributions with the bat.

    For UAE, Ayman Ahamed (4 for 52) was the top wicket-taker.

    In response, UAE were bundled out for just 87.

    Bangladesh’s Rohanat Doullah Borson and Maruf Mridha were the pick of the bowlers with 3 wickets apiece.

    Ashiqur Rahman Shibli was picked as Player of the Match for his match-winning innings. He was also given the Player of the Series award for scoring the highest number of runs (378) in the tournament.



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  • Rooms With View of Burj Khalifa Fireworks Priced Over 18Mn per Night Ahead of New Year – News18

    Rooms With View of Burj Khalifa Fireworks Priced Over 18Mn per Night Ahead of New Year – News18


    Agents claim that all of the apartments in the Downtown area are fully booked. 

    Landlords and real estate agencies are currently offering elegant two-bedroom flats with breathtaking views of the Burj Khalifa fireworks, and this is what they offer. Check out the details right here.

    Elegant two-bedroom apartments with spectacular views of the Burj Khalifa fireworks are presently being offered by landlords and real estate agents. Prices start at Dhs 12,000 per night and go up to Dhs 37,000 per night.

    On Booking.com, premium penthouses are listed, with rental prices ranging from Dh70,000 to Dh80,000 for a single night. Additionally, the website features listings for upscale apartments that are available for rent between December 30, 2023, and January 1, 2024, with prices ranging from Dh30,000 to Dh50,000.

    Notably, classified platforms such as Dubizzle and short-term accommodation apps like Airbnb are experiencing a surge in interest from those eager to celebrate New Year’s Eve, with many properties already booked out.

    Vinayak Mahtani, the CEO of bnbme holiday homes, shared insights, stating, “Our downtown properties are commanding rental prices approximately 20-30 percent higher than last year. A prime example is our four-bedroom penthouse, available for Dh 37,000 for the night of the 31st, providing an unobstructed view of the fireworks. This rate comes with a minimum three-night stay requirement.”

    The spacious 4,500-square-foot apartment includes the services of a housekeeper and a chef for breakfast. Mahtani added, “Last year, the same apartment rented for around Dh30,000, and this year the rates have increased. During the winter season, this apartment typically rents for about Dh7,000 per night. Other four-bedroom apartments are starting at approximately Dh7,000 per night.”

    Residents can occasionally find more affordable options by making early reservations instead of shelling out large sums of money for table reservations at hotels and restaurants in the popular party locations.

    Mostafa Hammad, Head of Leads Management at Drehomes Real Estate, highlighted the challenges faced in recent months, stating, “For the past couple of months, we’ve encountered challenges securing available spaces, particularly in Downtown areas. It’s become very expensive. There is zero availability in these areas, especially now. The highest was Dh160,000 per month for a four-bedroom apartment, at the end of November. This particular apartment has a huge balcony and a direct view of Burj Khalifa.”

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  • New UN climate draft calls for ‘transitioning away’ from fossil fuels – Times of India

    New UN climate draft calls for ‘transitioning away’ from fossil fuels – Times of India



    DUBAI: A new draft agreement unveiled early Wednesday in talks in Dubai toughens language by calling for “transitioning away” from fossil fuels, although it does not use the term “phase-out“.
    The text, released for consideration after another full night of haggling, would also call for “accelerating action” during “this critical decade” — providing more urgency than an earlier proposal widely dismissed by green-minded countries.
    The previous draft also drew fire for offering a list of options that “could” be taken to combat the dangerous warming of the planet.
    The new draft explicitly “calls on” all nations to contribute through a series of actions.
    The actions include “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science,” the new draft says.
    It calls for phase-downs of “unabated coal power” — meaning that coal with carbon capture technology to reduce emissions, panned by many environmentalists as unrealistic, could continue.
    It also calls for “phasing out inefficient fossil fuel subsidies that do not address energy poverty or just transitions, as soon as possible”.
    But it does not call for a “phase-out” of fossil fuels.
    Discussions during the 14 days of talks in Dubai, a metropolis built on oil wealth, had revolved around how far to go and whether to make a historic call to wind down oil, gas and coal, the main culprits in the planet’s rapid warming.





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  • Asian cities gain ground in Euromonitor’s ‘Top 100’ cities to visit

    Asian cities gain ground in Euromonitor’s ‘Top 100’ cities to visit


    Paris is, once again, the best city to visit in the world, according to Euromonitor International.

    The city topped the market research company’s annual list of the “Top 100 City Destinations” which compares cities using 55 metrics across six categories: economic and business performance, tourism performance, tourism infrastructure, tourism policy and attractiveness, health and safety, and sustainability.

    Dubai placed second on list, followed by Madrid (No. 3) and Tokyo (No. 4) — with Japan’s capital entering the top 10 list for the first time “thanks to improved developments in [its] tourism infrastructure,” according to the report.

    The top 20 cities list

    Developed markets continue to lead the rankings, as shown by the top 20 cities on Euromonitor’s 2023 index:

    1.    Paris, France
    2.    Dubai, United Arab Emirates
    3.    Madrid, Spain
    4.    Tokyo, Japan
    5.    Amsterdam, Netherlands
    6.    Berlin, Germany
    7.    Rome, Italy
    8.    New York City, United States
    9.    Barcelona, Spain
    10.  London, United Kingdom
    11.  Singapore, Singapore
    12.  Munich, Germany
    13.  Milan, Italy
    14.  Seoul, South Korea
    15.  Dublin, Ireland
    16.  Osaka, Japan
    17.  Hong Kong
    18.  Vienna, Austria
    19.  Los Angeles, United States
    20.  Lisbon, Portugal

    The full list is dominated by European cities, which took seven of the top 10 spots, and 63 of the top 100 spots. That’s thanks to the “fast-paced urbanisation and widespread technology adoption” in the region, according to the report.

    But Asian cities are gaining ground, showing significant improvement from Euromonitor’s 2022 ranking.

    Tokyo is also the only Asian city in the top 10 list, though the city-state of Singapore is close at No. 11 — edging up four places from No. 15 on 2022’s list.

    Five Japanese cities made 2023’s top 100 list: Tokyo, Osaka, Kyoto, Sapporo and Fukuoka.

    Standout cities

    The report highlighted cities that stood out in some of the 55 categories they were evaluated for.

    • Madrid ranked first for sustainability, with the report highlighting the city’s “100% petrol-free public transport.”
    • London has the “best tourism infrastructure” in the world, with Six Senses, Rosewood, Park Hyatt, Oberoi and Mandarin Oriental planning to open new hotels in the city.
    • Singapore ranked No. 1 for economic and business performance, and political stability.
    • Macao ranked first for health and safety, while Hong Kong led the rankings for health and medical services.  

    In addition, four new cities made this year’s list: Washington (No. 48), Montreal (No. 68), Santiago, Chile, (No. 88) and Vilnius, Lithuania (No. 92), owing to their improved tourism performances, the report said.



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