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It's the Arabian Travel Market week and Brandy Scott had an exclusive interview with Emirates Airline CCO Adnan Kazim about the challenges the airline faces getting back to full capacity. Plus, at the back of the new survey from AON saying that firms aren't adjusting housing allowances to keep up with inflation - unless you're a new hire, we speak to Toby Simpson of Striver.app to know if that's what they are seeing on the ground. And catchup on our weekly energy with Justin Dargin, Senior Energy and Geopolitical expert at The University of Oxford.
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A new survey says firms aren't adjusting housing allowances to keep up with inflation - unless you're a new hire. We speak to Ray Everett, Senior Partner Human Capital Solutions at Aon, the company behind the survey. Plus, a London law firm has offered staff the option to work from home permanently, but for 20% less pay. Sara Khoja of Clyde & Co, says that while we're not seeing that here just yet, employers are looking for creative ways to reduce their office costs. And, low-cost airline flydubai carried 2.35 million passengers in the first-quarter of this year, up 114 per cent compared to the same period last year. Aviation expert Sean Mendis crunches the numbers for us.
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Interest rates in the UK have risen to the highest level since 2009 as the Bank of England tries to stem the pace of rising prices. How will these changes affect UAE nationals and residents? We asked Henry Faun of real estate company Knight Frank. Plus, we find out what that OPEC decision means for the oil price - and us - with broker Matt Stanley. And the Eid break has been very positive and booming. Tim Cordon of Radisson Hotel Group shared some figures. And it's Friday Quiz Time with Surina Kelly of the ARN News Centre.
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We get all the reaction to the Federal Reserve in the US making a much-anticipated rate hike. Ed Bell, Senior Director & Market Economics of Emirates NBD, tells us what it mean for the cost of living here while Matt Gregory of houza shares what the move could mean for the property market. Plus, the EU has unveiled proposals for new sanctions on Russia including a six-month phase out of Russian crude imports. What could it mean for us here in the UAE? Amena Bakr, Deputy Bureau Chief & Chief Opec Correspondent at Energy Intelligence Group joins us live.
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It was approved by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, on Wednesday. We speak to Prashant K. (PK) Gulati, technology investor, to get his take on the latest announcement and how other start-up companies can get their hands on the cash. Plus, America's economy unexpectedly shrank in the first quarter of 2022, data from the Bureau of Economic Analysis showed Thursday. We crunch the numbers with Senior Economist of ENBD, Daniel Richards. And we talk helicopter-nomics with Larry Pentz, Director Finance & Legal Counsel at Helidubai.
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That's according to payment company Network International and the IMF painted a bright economic picture for Middle East oil exporters such as the UAE this year, forecasting growth of 5% in its latest report. We get the thoughts of Daniel Richards of ENBD. Plus, Aldar Properties reported a 31% jump in quarterly profit, to nearly AED 700 million. Greg Fewer, CFO of Aldar Properties shared the story behind the numbers and expansion plans. And with the ongoing situation in Russia and Ukraine, Christof Rühl, Senior Research Scholar and energy expert at Columbia University, shared his thoughts on what it means for oil and gas prices. And it's our weekly catch up with the team from Espace Real Estate who are answering all your property related questions.
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How busy will the airport be during the Eid break? Paul Griffiths, CEO of Dubai Airports, tells us what to expect. Plus, two big interviews with business leaders whose companies have reported earnings this week. RAKBANK’s net profit jumped by over 93% in the first quarter of 2022, a consolidated Net Profit of AED 220.1 million. Their new CEO Raheel Ahmed explains the reason behind the figures. And Kevin Mark Raistrick, COO of Multiply Group tells us how they've recorded net profit of AED 334.9 million for the first quarter of 2022.
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Federal government workers will enjoy a week-long holiday for Eid Al Fitr after the UAE Cabinet decided to extend the dates that were initially announced. But what about the private sector? We asked Talib Hashim of TBH Advisory. Plus, Elon Musk has clinched a deal to buy Twitter for $44 billion cash. We get the thoughts of Tony B Graham, our US correspondent. And we talk inflation with Altaf Kassam, EMEA Head of Investment Strategy & Research of State Street Global Advisors.
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Travelers in the region will be taking longer holidays and spending more on travel in summer 2022, according to new data from Wego. We get the details behind the numbers with the regional COO & MD of Wego, Mamoun Hmedan. Plus, talking about the impact of the Ukraine / Russia conflict on the real estate market here in the UAE with Alessia Sheglova of Dacha Real Estate. And we look at how France-UAE business ties will be impacted by the result of Sunday's presidential election in France with two French expatriates, Daniels Richards of Emirates NBD and Gurwan Le Gac of Preludd Payment Services.
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It's been a week since shares of Dewa began trading on the DFM, marking the first listing of its kind in the region and the shares closed yesterday at Dhs2.85 – a 15% increase since its stock market debut last week. We speak exclusively to H.E. Saeed Mohammed Al Tayer, Managing Director & CEO of DEWA and get his take on the success of the IPO so far. Plus, UAE borrowers brace for a sharp rise in monthly repayments, after the head of the Fed Jerome Powell warns of rate hikes. We talk inflation with Shady Shaher Elborno of Emirates NBD. And are Ramadan car deals gone? We asked Craig Stevens of Dubaicars.com.
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