• Alba Terrace at The Abu Dhabi Edition is open during the day in Ramadan. Photo: Restaurant Month Abu Dhabi
    Alba Terrace at The Abu Dhabi Edition is open during the day in Ramadan. Photo: Restaurant Month Abu Dhabi
  • Get a bite to eat during the day at Al Meylas lounge at Four Seasons Hotel Abu Dhabi at Al Maryah Island. Photo: Four Seasons Hotel Abu Dhabi at Al Maryah Island
    Get a bite to eat during the day at Al Meylas lounge at Four Seasons Hotel Abu Dhabi at Al Maryah Island. Photo: Four Seasons Hotel Abu Dhabi at Al Maryah Island
  • Aquarium restaurant on Yas Island is open during the day. Photo: Aquarium
    Aquarium restaurant on Yas Island is open during the day. Photo: Aquarium
  • Beach House at Park Hyatt Abu Dhabi Hotel And Villas offers daytime dining. Photo: Park Hyatt Abu Dhabi
    Beach House at Park Hyatt Abu Dhabi Hotel And Villas offers daytime dining. Photo: Park Hyatt Abu Dhabi
  • Brunch & Cake in Abu Dhabi is open during the day. Photo: Brunch & Cake
    Brunch & Cake in Abu Dhabi is open during the day. Photo: Brunch & Cake
  • Brunch & Cake has outdoor air-conditioned dining pods. Photo: Brunch & Cake
    Brunch & Cake has outdoor air-conditioned dining pods. Photo: Brunch & Cake
  • Cafe Milano in Abu Dhabi has daytime dining available. Chris Whiteoak / The National
    Cafe Milano in Abu Dhabi has daytime dining available. Chris Whiteoak / The National
  • Fouquet's at Louvre Abu Dhabi will be open during the day. Photo: Fouquet's
    Fouquet's at Louvre Abu Dhabi will be open during the day. Photo: Fouquet's
  • Lively Mexican Loca will be welcoming guests during the day in Ramadan. Photo: Loca
    Lively Mexican Loca will be welcoming guests during the day in Ramadan. Photo: Loca
  • Punjab Grill at Venetian Village in Abu Dhabi is open in the daytime. Delores Johnson / The National
    Punjab Grill at Venetian Village in Abu Dhabi is open in the daytime. Delores Johnson / The National
  • Sole at Conrad Abu Dhabi Etihad Towers will be welcoming diners.
    Sole at Conrad Abu Dhabi Etihad Towers will be welcoming diners.
  • Home-grown restaurant caya in Nshama Town Square, Dubai, will be open during the day. Photo: caya
    Home-grown restaurant caya in Nshama Town Square, Dubai, will be open during the day. Photo: caya
  • Couqley is also famous for its moules, or mussels, as well as steak frites. Photo: Couqley
    Couqley is also famous for its moules, or mussels, as well as steak frites. Photo: Couqley
  • Eggspectation branches are open during the day. Photo: Eggspectation
    Eggspectation branches are open during the day. Photo: Eggspectation
  • Fuchsia Urban Thai is open during the day in Barsha Heights and Bay Square. Photo: Fuchsia Urban Thai
    Fuchsia Urban Thai is open during the day in Barsha Heights and Bay Square. Photo: Fuchsia Urban Thai
  • Koko Bay is at West Beach on Dubai’s Palm Jumeirah. Photo: Koko Bay
    Koko Bay is at West Beach on Dubai’s Palm Jumeirah. Photo: Koko Bay
  • La Fabbrica Italiana is the UAE's first foccaceria.
    La Fabbrica Italiana is the UAE's first foccaceria.
  • Marea Dubai will be welcoming diners in the day. Photo: Marea Dubai
    Marea Dubai will be welcoming diners in the day. Photo: Marea Dubai
  • Teible opened at the Jameel Arts Centre in Dubai in February and will be serving diners throughout Ramadan in the day. Photo: Teible
    Teible opened at the Jameel Arts Centre in Dubai in February and will be serving diners throughout Ramadan in the day. Photo: Teible
  • The Farm at Al Barari will be welcoming customers as usual.
    The Farm at Al Barari will be welcoming customers as usual.

Ramadan 2022: restaurant opening hours in Dubai and Abu Dhabi


Katy Gillett
  • English
  • Arabic

Every year, restaurants in the UAE update their times during the holy month, with some remaining closed during the day to be respectful to those observing Ramadan.

Over the years, it's become more common for restaurants to remain open during the day and many don't change their operating hours, but there are often slight variations in timings across the Emirates.

Here’s a list of restaurants that have confirmed they will be keeping their doors open throughout the day — whether you want a quick cuppa or a full-blown meal.

This list is constantly being updated as restaurants continue to confirm the hours they will be open.

Abu Dhabi

Afya

The casual beachside restaurant will be open for breakfast, lunch and dinner during Ramadan.

Open daily, 6am-11pm; Shangri-La Hotel Qaryat Al Beri; 02 510 8888

Alba Terrace

The terrace at Alba Terrace is a nice spot for iftar too. Photo: The Abu Dhabi Edition
The terrace at Alba Terrace is a nice spot for iftar too. Photo: The Abu Dhabi Edition

Perfect for locally sourced coffee, heavy breakfasts and shared menus, plus iftar offerings.

Open daily, noon-11pm; Alba Terrace, The Abu Dhabi Edition; 02 208 0000

Al Meylas

The Middle Eastern restaurant will be open during the day, serving an assortment of beloved Ramadan classics.

Open daily, 9am-2am; Four Seasons Hotel Abu Dhabi at Al Maryah Island; 02 333 2444

Aquarium

The seafood restaurant will be open during weekends in the daytime, but not on weekends.

Monday to Friday, 6pm-3am, Saturday and Sunday 1pm-3am; Yas Island; 050 696 9357

Beach House

Both indoor and outdoor seating areas will be available at the easy-breezy Mediterranean spot.

Open daily, 12.30pm-1am; Park Hyatt Abu Dhabi Hotel and Villas, Saadiyat Island; 02 407 1138

Brunch & Cake

Brunch and Cake has locations in Abu Dhabi and Dubai, and is offering guests menu favourites during the day as well as iftar hours. It's best known for coffee and cakes.

All branches open Monday to Friday, 8am-10pm, Saturday and Sunday, 8am-11pm; various locations and numbers

Cafe Milano

Try the Italian cuisine at Cafe Milano at Four Seasons Abu Dhabi. Chris Whiteoak / The National
Try the Italian cuisine at Cafe Milano at Four Seasons Abu Dhabi. Chris Whiteoak / The National

The restaurant will be open during the day – whether you're craving burrata straight from Puglia, Cervia salt-crust banzino, or home-made tiramisu.

Open daily, noon-midnight; Four Seasons Hotel Abu Dhabi at Al Maryah Island; 02 333 2222

Diablito Food and Music

The rooftop location offers views of Yas Marina and serves a range of dishes, from pizzas to tapas.

Open daily, noon-midnight; Yas Island; 02 565 1175

Fouquet's

The restaurant at Louvre Abu Dhabi will be open for those craving French fine dining.

Open Monday to Friday, noon-9pm, Saturday and Sunday, noon-9.30pm; Saadiyat Cultural District 1; 02 205 4200

Loca

This lively Mexican restaurant is open throughout the day.

Open noon-1am; The Galleria, Al Maryah Island; 02 582 3639

Punjab Grill

The upscale Indian restaurant will be welcoming guests for lunch and dinner.

Open daily, 12.30pm-midnight; The Ritz Carlton Abu Dhabi, Grand Canal, Al Maqtaa; 02 449 9839

Rosewater

This all-day dining spot is open for breakfast and dinner.

Open daily, 6.30-11.30, 7pm-11pm; Conrad Abu Dhabi Etihad Towers; 02 811 5666

Sole

A lively spot for authentic Italian food in an elegant setting.

Open Monday to Saturday, noon-3pm, 7pm-11pm; Conrad Abu Dhabi Etihad Towers; 02 811 5666

Dubai

Ammos

Ammos in Dubai is famed for Mediterranean cuisine. Photo: Ammos
Ammos in Dubai is famed for Mediterranean cuisine. Photo: Ammos

Ammos is known for its classic Greek fare in an ambience that will transport you straight to the shores of Santorini.

Open daily, noon-11pm; Rixos Premium Dubai JBR; 052 777 9473

Angelina

This spot is perfect if you're craving an elegant French meal or something sweet (such as the restaurant's signature hot chocolate).

Open daily, 10am-2pm; The Dubai Mall; 04 442 8814

Bol Gappa

For a Bollywood-infused dining experience, you can head to this quirky restaurant, where each dish derives its name from films popular on the silver screen.

Open daily, 1pm-11.30pm; Wasl Opal Building, Al Karama; 04 886 0921

Brunch & Cake

Brunch and Cake has locations in Abu Dhabi and Dubai, and is offering guests menu favourites during the day as well as iftar hours. It's best known for its coffee and cakes.

All branches open Monday to Friday 8am-10pm, Saturday and Sunday, 8am-11pm; various locations and numbers

Cafe Society

Specialising in international cuisine and reimagined Middle Eastern dishes, Cafe Society will be offering a menu for breakfast, lunch and dinner.

Open daily, 9am-11pm; Tamani Marina Hotel, King Salman Bin Abdul Aziz Al Saud Street, Dubai Marina; 04 318 3755

Caya

The community hangout, known for its extensive vegetarian range, will be serving customers throughout the day.

Open daily, 8am-10.30pm; Town Square Park, Al Qudra Road; 04 564 6689

Couqley French Bistro

Steak frites at Couqley. Photo: Louise Shrigley
Steak frites at Couqley. Photo: Louise Shrigley

The bistro is open for dine-in customers, giving them the opportunity to order any of the regulars as well as from a Ramadan set menu and specials.

Open daily, noon-1am; Cluster A, Jumeirah Lakes Towers; 04 514 9339

Eggspectation

Popular cafe Eggspectation has extended its opening and closing hours to allow for diners to enjoy the indoor and outdoor settings throughout the season.

JBR: open daily, 7am-10pm; City Walk: open daily 7am-9pm; 04 430 7252 and 04 240 6877

Fuchsia Urban Thai

The authentic Thai restaurant will be open daily for dine-in and delivery with a special iftar bundle that will be available throughout the holy month.

Bay Square and Barsha Heights, open Monday-Friday noon-11pm, Saturday and Sunday, noon-midnight; 04 361 7117

Gia

The gourmet Italian restaurant will be open for dine-in during the day and has a set menu on offer between 6pm and 8pm.

Open daily 10am-12.30am; ground floor, Fashion Avenue, The Dubai Mall; 04 234 9986

Indochine

The Dubai International Financial Centre's celebrity hot spot will be open during Ramadan.

Open daily, noon-4pm Sunday-Thursday, 7pm-1am Saturday-Wednesday, 7pm-3am Thursday and Friday; Gate Precinct Building 3, DIFC; 04 208 9333

Just Vegan

Located in Dubai Marina, Just Vegan offers 100 per cent meat-free dishes. The restaurant will be serving its usual range of plant-based pastas and pizzas.

Open noon-10pm, Monday-Tuesday, 10am-10pm Wednesday-Friday, 10am-midnight, Saturday-Sunday; Pearl Marina Hotel Apartments, Marina Walk; 04 277 4006

Karak House

An Indian and Middle Eastern-style cafe known for its chai and breakfast offerings. Its outdoor area is not open during Ramadan.

Open daily, 8am-2am; The Dubai Mall; 04 551 6852

Koko Bay

Koko Bay at West Beach on Dubai’s Palm Jumeirah. Photo: Koko Bay
Koko Bay at West Beach on Dubai’s Palm Jumeirah. Photo: Koko Bay

The restaurant known for its Bohemian beach vibes will be open.

Open Monday to Friday noon-midnight, Saturday and Sunday noon-1am; West Beach, Palm Jumeirah; 04 572 3444

La Fabbrica Italiana

The UAE's first foccaceria has iftar and suhoor offers, as well as all-day dining options.

Open daily, 11am-midnight; wasl 51, Jumeirah 1; 050 827 9629

Lah Lah

From baos to woks, you can find a range of pan Asian dishes at this modern restaurant.

Sunday-Thursday noon-midnight, Friday-Saturday noon-2am; Zabeel House by Jumeirah, The Greens; 04 519 1111

Little Italy

This quirky little restaurant serves Italian and Mexican cuisine.

Open daily, noon-2am; Al Habbai Building, Al Karama; 04 385 2445

LPM Restaurant

The French-Mediterranean restaurant will be serving customers lunch and dinner.

Open Monday-Friday noon-3pm, 6pm-11pm; Saturday-Sunday 12.30pm-3.30pm, 6pm-11pm; Gate Village 8, the DIFC; 04 439 0505

Marea Dubai

The celebrity hot spot from New York will be open every day of the week.

Open daily, noon-4pm and 7pm-11.30pm; Gate Village 7, the DIFC; 04 583 6366

One Life Kitchen and Cafe

Located in d3, the two-storey cafe is a favourite for morning or all-day breakfast, or even as a spot to work from.

Open Monday 8am-6pm; Saturday-Sunday, Tuesday-Wednesday 8am-9pm; Thursday-Friday 8am-10pm; Building 5, Dubai Design District; 04 513 4727

Social Company

This international all-day dining spot is both offering breakfast and lunch, but also welcomes pets in its animal-friendly indoor and outdoor areas.

Open daily, 6.30am-12am; Zabeel House by Jumeirah, The Greens; 04 519 1111

Teible

Teible is the new farm-to-table dining spot at Jameel Arts Centre, and it's curated a Ramadan menu of regional flavours to enjoy.

Open Wednesday to Monday, 8am-11.30pm; Jameel Arts Centre, Jaddaf Waterfront; 04 243 6683

The Farm

The go-to place for outdoor breakfasts and late lunches will be open and serving its usual menu during Ramadan.

Open Monday to Friday, 9am-11pm, Saturday and Sunday, 8am-11pm; Al Barari; 04 886 6223

The Tap House

The beachside restaurant will be open but only seating diners indoors until iftar. After sunset, customers can be seated outdoors.

Open Sunday-Thursday noon-12.30am, Friday-Saturday noon-1.30am; Club Vista Mare, Palm Jumeirah; 04 514 3778

A version of this article was first published on April 1, 2022

Read more

Ramadan 2022: Dubai shopping mall opening hours guide

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Kamindu Mendis bio

Full name: Pasqual Handi Kamindu Dilanka Mendis

Born: September 30, 1998

Age: 20 years and 26 days

Nationality: Sri Lankan

Major teams Sri Lanka's Under 19 team

Batting style: Left-hander

Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Gender equality in the workplace still 200 years away

It will take centuries to achieve gender parity in workplaces around the globe, according to a December report from the World Economic Forum.

The WEF study said there had been some improvements in wage equality in 2018 compared to 2017, when the global gender gap widened for the first time in a decade.

But it warned that these were offset by declining representation of women in politics, coupled with greater inequality in their access to health and education.

At current rates, the global gender gap across a range of areas will not close for another 108 years, while it is expected to take 202 years to close the workplace gap, WEF found.

The Geneva-based organisation's annual report tracked disparities between the sexes in 149 countries across four areas: education, health, economic opportunity and political empowerment.

After years of advances in education, health and political representation, women registered setbacks in all three areas this year, WEF said.

Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to nearly 51 per cent.

And the number of women in leadership roles has risen to 34 per cent globally, WEF said.

At the same time, the report showed there are now proportionately fewer women than men participating in the workforce, suggesting that automation is having a disproportionate impact on jobs traditionally performed by women.

And women are significantly under-represented in growing areas of employment that require science, technology, engineering and mathematics skills, WEF said.

* Agence France Presse

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Alaan%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Parthi%20Duraisamy%20and%20Karun%20Kurien%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%247%20million%20raised%20in%20total%20%E2%80%94%20%242.5%20million%20in%20a%20seed%20round%20and%20%244.5%20million%20in%20a%20pre-series%20A%20round%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
%3Cp%3EBy%202030%2C%20Abu%20Dhabi%20aims%20to%20achieve%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%2039.3%20million%20visitors%2C%3C%2Fstrong%3E%20nearly%2064%25%20up%20from%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%20Dh90%20billion%20contribution%20to%20GDP%2C%3C%2Fstrong%3E%20about%2084%25%20more%20than%20Dh49%20billion%20in%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%20178%2C000%20new%20jobs%2C%3C%2Fstrong%3E%20bringing%20the%20total%20to%20about%20366%2C000%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%2052%2C000%20hotel%20rooms%2C%3C%2Fstrong%3E%20up%2053%25%20from%2034%2C000%20in%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%207.2%20million%20international%20visitors%2C%3C%2Fstrong%3E%20almost%2090%25%20higher%20compared%20to%202023's%203.8%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%203.9%20international%20overnight%20hotel%20stays%2C%3C%2Fstrong%3E%2022%25%20more%20from%203.2%20nights%20in%202023%3C%2Fp%3E%0A
Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

The specs

Engine: 3.8-litre twin-turbo flat-six

Power: 650hp at 6,750rpm

Torque: 800Nm from 2,500-4,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 11.12L/100km

Price: From Dh796,600

On sale: now

The team

Videographer: Jear Velasquez 

Photography: Romeo Perez 

Fashion director: Sarah Maisey 

Make-up: Gulum Erzincan at Art Factory 

Models: Meti and Clinton at MMG 

Video assistant: Zanong Maget 

Social media: Fatima Al Mahmoud  

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

UAE currency: the story behind the money in your pockets

'How To Build A Boat'
Jonathan Gornall, Simon & Schuster

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000
What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

Avatar%20(2009)
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RESULTS

5pm: Maiden (PA) Dh80,000 1,600m
Winner: Omania, Saif Al Balushi (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Conditions (PA) Dh85,000 1,600m
Winner: Brehaan, Richard Mullen, Ana Mendez
6pm: Handicap (TB) Dh100,000 1,600m
Winner: Craving, Connor Beasley, Simon Crisford
6.30pm: The President’s Cup Prep (PA) Dh100,000 2,200m
Winner: Rmmas, Tadhg O’Shea, Jean de Roualle
7pm: Wathba Stallions Cup (PA) Dh70,000 1,200m
Winner: Dahess D’Arabie, Connor Beasley, Helal Al Alawi
7.30pm: Handicap (PA) Dh80,000 1,400m
Winner: Fertile De Croate, Sam Hitchcott, Ibrahim Aseel

'Shakuntala Devi'

Starring: Vidya Balan, Sanya Malhotra

Director: Anu Menon

Rating: Three out of five stars

Updated: June 23, 2023, 3:30 PM