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Dubai International Airport (DXB) is gearing up for the peak holiday rush, with an estimated 1.4 million passengers expected to pass through over the next two weekends. That's what the CEO of Dubai Airport Paul Griffiths has told The Business Breakfast exclusively. Plus, the UAE has issued a new law allowing foreign reserves and debt instruments to be used to balance the budget. Economist Shady Shaher El Borno puts that in context for us. And all your real estate queries answered live by our expert from McCone Properties, Sam McCone. And finally, our very own Richard Dean joined us live from his balcony in Mumbai to report on the latest business stories coming out of India.
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On the back of SHUAA Capital acquiring a majority stake in Middle East fintech company Souq Al Mal, we asked if it’s getting easier to execute that 'Dubai dream' of starting a business and selling it for a large amount of money? Prashant K. (PK) Gulati joins us live. Plus, new research out suggesting that under a quarter of companies here need us in the office at least three days a week. Ahmed Sousa of Poly tells us more about the research. And the DEWA IPO opens to retail investors tomorrow. What do you need to do if you want to buy in? We asked Mohammed Ali Yasin is Chief Strategy Officer & Clients at Al Dhabi Capital.
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SHUAA Capital has taken a majority stake in comparison website Souqalmal of around 60 percent. We speak to Shuaa's head of investment banking, Fawad Tariq Khan to find out why. And what is this deal mean to Souqalmal? CEO & Founder, Ambareen Musa joins us live. Plus, sad aviation news yesterday. A China Eastern Airlines-operated Boeing 737-800 plane bearing Flight Number 5735 has crashed. We get the latest update with aviation expert Ajay Awataney.
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We look at what impact the ongoing crisis in Ukraine is having on tourism in Ras al Khaimah with the CEO of the RAK Tourism Authority, Raki Phillips. Plus, are you pitching for a pay rise this year - and how will you ask? YouGov have just released a new survey looking at whether workers are likely to ask for pay rises. They asked people in a dozen different countries, including Europe, India and the UAE. And the answers were widely different in each area. We speak to Thanj Kugananthan, the Founder of Visible HR, about whether the results of a YouGov survey bear out for her. And Saudi Aramco has seen net profit more than double over the last year. Is it just a case of 'Oil company posts strong numbers as price rises shocker' - or is it more than that? We asked Starfuels' Matt Stanley.
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As DEWA gets ready to go public, we find out what retail investors need to do to take part in the IPO with public offering expert Neha Julka of Grant Thorton. Plus, we talk inflation and interest rate rise with Head of Bloomberg Economics, Stephanie Flanders. And, Freaky Friday Quiz with Surina Kelly from the ARN News Centre.
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It’s the first rate increase since 2018, and is likely to be followed by six more this year. We get the expert opinion on what it means for us here in the UAE. Khatija Haque of Emirates NBD and John Lyons of Espace Real Estate joins us live. And, Tim Horton's is opening three new stores in Dubai Hills Mall. We talk maple syrup flavoured bear claws - and the rising cost of Arabica beans - with the regional CEO, Hesham Al Mekkawi.
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We look at what it could mean for investors, and the Dubai economy with Aathira Prasad of Nasser Saidi & Associates. Plus, what do high oil prices mean for the cost of food delivery? We speak to Krush Brands boss Ian Ohan. And we look at what dubizzle is seeing in terms of cyberattacks and what steps they're taking to combat it.
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And more than half of them would take a pay cut to do it. That's according to new research from Robert Walters. More effective management, the ability to progress faster and more interesting work were seen as the benefits of a smaller, newer company. We find out more with their Managing Director, Jason Grundy. And Ramadan is traditionally the time to nab a new car bargain in the UAE - but what if there are no cars to be had? We speak to the Managing Director of Al Futtaim Lexus and Al Futtaim Toyota, and the CEO of second hand car site Dubicars, to find out what this year might look like.
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With two official years of the pandemic behind us, we explore what it's meant for health insurance demand - and premiums. We speak to insurance broker Stephen MacLaren. Plus, we look at the disruption to aviation amid the ongoing Russian invasion of Ukraine. Kashif Khalid of airline body IATA joins us live. And, Dubai is getting ready for several high profile IPOs, on the back of the busiest year for IPOs the region has seen in two decades. We speak to public offering exert Gregory Hughes of Ernst and Young.
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On the back of US inflation hit fresh 40-year high, we look at the cost of growing food here in the UAE with Yazen Al Kodmani of Emirates Bio Farm and also importing it abroad with New Zealand’s Minister for Trade and Export Growth and Agriculture, Damien O'Connor. And Baskin-Robbins opened its 1,000th ice cream shop in the Middle East in Dubai. We find out the logistics behind it with John Varughese, the COO International of Inspire Brands. And finally, it's Freaky Friday, which means its Friday Quiz Time with Surina Kelly of the ARN News Centre!
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