Tub of Butter, a home-grown casual all-day eatery, has opened on Sheikh Zayed Road (next to the Metropolitan Hotel) in Dubai.
Tala Khamis, the restaurant’s managing partner, says: “It’s been my dream to open a home-grown concept since I moved to the UAE two years ago. My influence for the Mediterranean menu came from my visit to Greece. There is so much to see and explore as soon as you enter the restaurant. It is the perfect place for a relaxing coffee morning, lunch with the kids or a quiet dinner.”
The venue’s counters are filled with pastries, desserts, Italian cold cuts, olives, jams and an array of Mediterranean cheeses. Rotisserie chickens are served up daily and pizzas are baked in a Mediterranean-style oven. Breakfast, served from 7am to 11.30am on weekdays and until 2.30pm on weekends, offers bites such as eggs benedict and crushed avocados with chilli chia seeds and lime on toasted sourdough bread, while the list of pizzas on offer includes a crispy smoked turkey pizza with Kalamata olives, passata, mozzarella, artichokes and ruccola.
Tub of Butter’s retail space includes Japanese tea blends, cookbooks, dried pastas, 23 carat gold truffle honey, diamond salt from Pakistan and pepper from Madagascar. There’s also a children’s play area to keep the little ones entertained.
Tub of Butter is open every day from 7am to 11pm. Call 04 343 8884 for details.
sjohnson@thenational.ae
'Worse than a prison sentence'
Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.
“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.
“They were living in perpetual mystery as to how their futures would pan out, and what that would be.
“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.
“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.
“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”
RESULT
Manchester City 1 Sheffield United 0
Man City: Jesus (9')
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
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Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
