The River Liffey runs through Dublin.
The River Liffey runs through Dublin.
The River Liffey runs through Dublin.
The River Liffey runs through Dublin.

Dublin a mix of business and pleasure


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Ireland is small, which makes it an easy country in which to navigate and meet people.

Q&A:Days are longer so you won’t be caught short

What currency is used in Ireland? Unlike the neighbouring UK, Ireland is part of the euro area, and its currency is the euro. The country joined the euro in 2002 in part to attract foreign businesses interested in a low-tax, low-cost hub for doing business with the rest of Europe.

Where are the most popular tourist destinations in Dublin? The city is littered with them, and tourists flock to Dublin in the summer. The most heavily trafficked area is the Temple Bar neighbourhood in the centre of the city, a network of footpaths with scores of restaurants, pubs and shops.

What is the weather like? Ireland's climate is often pleasant, but it rains a lot. So bring an umbrella. The best time to go is without question the summer, when temperatures are most bearable. If you go between June and August, do not expect the sun to set until at least 9pm.

Is it smart to rent a car? Sure. The traffic in Ireland is by and large orderly and calm, and car hire is relatively inexpensive. Renting makes sense if you plan to take long trips across the country, or if you simply prefer the extra freedom.

Dublin may be the centre of the country's commercial life, but there is plenty of vibrancy in smaller cities including Galway and Cork on the west, which are only a few hours' drive from Dublin. The views across the countryside from Dublin are gorgeous, replete with sheep-dotted pastures and horse stables that emerge as the eastern flatlands give way to the hilly west.

Most business travellers, however, will probably spend the bulk of their time in Dublin. And where to stay in the capital is not a tricky choice. There are a wide range of suitable options and the place is relatively safe. It is probably wise, though, to choose a hotel near where you will be spending most of your time, because taxis are expensive. A ride across town could easily run you €20 (Dh105.75) or €30 - a bit rich, even if you can expense the fares.

Another factor to consider is your proximity to public transportation, as a nearby train or bus stop can make getting to and from meetings a snap. Dublin's new Luas tram system makes getting around the city especially easy.

If your main business lies in Dublin's financial district, the Gibson Hotel is a good choice. A double room will set you back about €100 a night, and it is right next to a Luas stop that bisects Dublin's International Financial Services Centre. If you want to be closer to the city centre, the Hilton hotel in Dublin 2 is a good choice, as are the fancier places that ring St Stephen's Green.

Top 5: Restaurants in Dublin for business meetings.

1 Dax Restaurant, 23 Pembroke Street Upper.

2 The Pig's Ear, 4 Nassau Street, Dublin 2.

3 The Larder, 8 Parliament Street.

4 Il Vicoletto, 5 Crow Street, Temple Bar.

5 The Blackboard Bistro, 4 Clare Street.

Source: TripAdvisor

Entertaining clients in the city is as easy as choosing a hotel, although your best bets probably lie outside areas packed to the gills with tourists. For an informal and solidly Irish meal, The Pig's Ear is a good pick. But Dublin is teeming with all kinds of cuisines, and boasts some very good Italian and French restaurants. They include the Blackboard Bistro, a cosy French place, and Il Vicoletto, an Italian spot worth checking out even though it is in the bustling Temple Bar neighbourhood.

The Quote: "Ireland. Great for the spirit – very bad for the body." Hugh Dancy, English actor

The specs: 2019 Haval H6

Price, base: Dh69,900

Engine: 2.0-litre turbocharged four-cylinder

Transmission: Seven-speed automatic

Power: 197hp @ 5,500rpm

Torque: 315Nm @ 2,000rpm

Fuel economy, combined: 7.0L / 100km

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

RESULTS

5pm: Watha Stallions Cup Handicap (PA) Dh 70,000 (Dirt) 2,000m

Winner: Dalil De Carrere, Bernardo Pinheiro (jockey), Mohamed Daggash (trainer)

5.30pm: Maiden (TB) Dh 70,000 (D) 2,000m

Winner: Miracle Maker, Xavier Ziani, Salem bin Ghadayer

6pm: Maiden (PA) Dh 70,000 (D) 1,600m

Winner: Pharitz Al Denari, Bernardo Pinheiro, Mahmood Hussain

6.30pm: Maiden (PA) Dh 70,000 (D) 1,600m

Winner: Oss, Jesus Rosales, Abdallah Al Hammadi

7pm: Handicap (PA) Dh 70,000 (D) 1,400m

Winner: ES Nahawand, Fernando Jara, Mohamed Daggash

7.30pm: Maiden (PA) Dh 70,000 (D) 1,000m

Winner: AF Almajhaz, Abdul Aziz Al Balushi, Khalifa Al Neyadi

8pm: Maiden (PA) Dh 70,000 (D) 1,000m

Winner: AF Lewaa, Bernardo Pinheiro, Qaiss Aboud.

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

UAE squad

Men's draw: Victor Scvortov and Khalifa Al Hosani, (both 73 kilograms), Sergiu Toma and Mihail Marchitan (90kg), Ivan Remarenco (100kg), Ahmed Al Naqbi (60kg), Musabah Al Shamsi and Ahmed Al Hosani (66kg)

Women’s draw: Maitha Al Neyadi (57kg)

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates