Bitesize Business Breakfast Podcast

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. 

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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. 

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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. 

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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. 

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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. 

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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’.

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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.

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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. 

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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. 

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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. 

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