Going out for Christmas brunch or New Year's Eve dinner during the busy, festive season needn't necessarily break the bank.
Although Dubai has a reputation for its extravagant year-end soirees, a number of venues are dishing out more affordable options, priced at Dh500 and below. Here are some to check out.
Christmas Eve
Carnival by Tresind
The Michelin-recommended restaurant in DIFC serves modern Indian cuisine in a carnival-themed space. Dishes include tuna pani puri, galouti kebab rolls, brisket biryani and crab meat in coconut curry, plus a myriad pf vegetarian options from lentil cappuccino and jackfruit croquettes to ghewar chaat and kohlrabi taco.
This year, it's pulling out all the stops by offering multiple-course menus for less than Dh500, not only on Christmas Eve, but also on Christmas Day and New Year's Eve.
December 24; 1pm to 4pm; from Dh375 per person for an eight-course meal; December 25; 7pm onwards; from Dh300 per person for a nine-course meal; December 31; 7pm onwards; from Dh425 per person for a nine-course meal; DIFC; 052 242 4262
Cafe de Paris
The Paris-inspired restaurant in Business Bay is serving a three-course set menu on December 24.
Diners can choose from smoked salmon with beetroot focaccia, foie gras with tajine bread or roast scallops with chestnut sauce for starters. The main course includes 180g tenderloin with mashed potatoes and candied onion, tiger prawns risotto with lobster bisque and slow-cooked chicken breast. End the meal with a Christmasberry cake of chocolate yule log.
December 24; 7pm-midnight; Dh199 per person; Business Bay; 050 751 2318
Drift Beach
The beachside venue at One & Royal Mirage Dubai is serving a set menu on Christmas Eve. Dishes include white shrimp with wild mushroom, shellfish nage foam and charred leek, ravioli stuffed with three cheeses, and foie gras with apple mango chutney, toasted brioche and nuts.
For desserts, the restaurant is serving poached pear with gingerbread and chestnut ice cream, a traditional yule log and a fruit platter.
December 24; 7pm-10pm; from Dh385 per person; One & Royal Mirage Dubai; 04 315 2200
The Bay
The Mandarin Oriental Jumeirah restaurant has a Mediterranean set menu on Christmas Eve, with dishes such as burrata and truffle tortellini, insalata di mare and grilled beef strip loin. The meal ends with a traditional panettone for dessert. Live music is part of the experience.
December 24; 12.30pm-11pm; Dh320 per person; Jumeirah 1; 04 777 2233
The Restaurant
Diners at the Address Grand Creek Harbour restaurant can indulge in a four-course Christmas-themed menu, while being serenaded by live entertainment.
On the menu are dishes such as goose terrine, roasted duck breast and a hazelnut chocolate Christmas log.
December 24; 6.30pm-10.30pm; from Dh450 per person; Dubai Creek Harbour; 04 275 8833
Sfumato
Diners can choose from a limited-time festive menu, with relatively reasonably priced dishes at this restaurant at The Opus by Omniyat.
À la carte dishes include slow-cooked beef cheek with grilled parsnips and cranberry sauce (Dh195), sage-rubbed chicken with orange-glazed carrots (Dh140), stracciatella ravioli (Dh95) and smoked duck salad (Dh90).
December 10 to 30; 6pm onwards; Business Bay; 058 101 5649
L’Olivo Ristorante
Against the backdrop of foot-tapping Christmas melodies, diners at this Italian spot in Rixos The Palm Dubai Hotel & Suites can indulge in a turkey feast, complete with all the trimmings, as well as other festive delicacies. The dinner is suited to families with children, with a surprise Santa visit on the cards.
December 24; 6.30pm-11pm; from Dh380 per person; Palm Jumeirah; 04 457 5454
McGettigan's Factory
The popular pub is serving either a roast rib-eye or a classic roast chicken for diners on Christmas Eve. Both come paired with buttered cauliflower and a choice of beverage.
December 24; noon onwards; Dh129 per person; Hilton Dubai Palm Jumeirah; 054 994 1461
Vivaldi
The Italian-Mediterranean restaurant at Sheraton Dubai Creek Hotel is hosting an evening brunch on Christmas Eve.
Start the meal with a selection of breads and cheeses, followed by salads such as lentil and Caprese. Hot appetisers include fried squid and shrimp tempura. For mains, diners can expect roasted beef or turkey and baked salmon, followed by a selection from the dessert table.
December 24; 7.30pm-10.30pm; from Dh249 per person; Port Saeed; 056 216 0072
Fi'lia
Diners can expect a four-course set menu at this SLS Dubai Hotel & Residences restaurant, with dishes inspired by traditional Italian, notably Roman cuisines.
The meal begins with carpaccio di polpo and insalata de aranca, followed by tartufo pizza and tortellini. Mains include oven-baked sea bass with grilled vegetables, while dessert is a traditional Italian pandoro.
December 24; 6.30 onwards; Dh394 per person; Business Bay; 04 607 0770
Khyber
If you're looking for rich, North Indian cuisine for Christmas Eve, this family-friendly restaurant at Dukes The Palm has a set menu with dishes such as turkey vindaloo, kundan kaliya and kandhari murgh among others.
December 24; 6.30pm-11pm; from Dh245 per person; Palm Jumeirah; 04 455 1101
Christmas Day
Trader Vic's
Celebrate Christmas tropical-style at this Hilton Dubai Palm Jumeirah gastropub.
Its Tiki brunch features a seafood bar including green-lipped mussels, smoked salmon and oysters There is also a salad bar, cheeseboard and live grilling station that serves different meat cuts, from lamb chops to chicken kebab. There is also a Christmas carving station with roast turkey, Angus strip loin and bone-in lamb leg.
December 25; 1pm-4pm; from Dh399 per person; Palm Jumeirah; 04 230 0050
Shi
The restaurant at Bluewaters is hosting a Christmas brunch, serving Chinese and Japanese dishes, from sushi and dim sum platters to wok wild rice and slow-cooked duck. There is also a vegan menu option.
Children aged six and under dine for free, and they will also be treated with gifts from under the restaurant's Christmas tree. A live singer will serenade the guests with holiday tunes.
December 25; 1pm-4pm; from Dh300 per person; Bluewaters; 04 393 9990
Asado
Expect a four-course dinner featuring South American flavours at Asado on Christmas Day.
Starters include quail egg with avocado cream, beef tongue slices with garlic-parsley vinaigrette, roasted beef with anchovies and tuna dressing among other appetisers. For mains, guests can choose from grilled meats such as chorizo and strip loin, served with rocket Parmesan salad, truffle fries and grilled vegetables.
The meal ends with a sweet treat such as caramel mousse, dulce de leche, raspberry silk and white chocolate ganache.
December 25; 6.30pm-11.30pm; from Dh450 per person; Downtown Dubai; 04 428 7961
Cucina
The Italian restaurant at Marriot Resort Palm Jumeirah is hosting a family-friendly brunch, complete with an appearance by Santa.
Dishes include roast turkey with all the trimmings, alongside a selection of focaccia, cheeses, pizza and pasta, as well as classic Italian desserts such as tiramisu and gelato. A musical duo is on-site to provide entertainment, and there is a dedicated play area for little ones.
December 25; 1.30pm-4.30pm; from Dh495 per person; Palm Jumeirah; 04 666 1408
Koko Bay
Brunch by the beach is how Koko Bay is celebrating Christmas Day this year.
While a DJ and live performers set the mood, diners can indulge in sharing-style starters, including Alaskan crab maki roll, smoked tomato and basil arancini or king oyster mushroom and halloumi kushiyaki. For mains, there's robata sea bream filler, Wagyu beef galbi and roasted turkey breast. End the meal with Christmas pudding and coconut lemon grass basque cheesecake.
December 25; 1pm-4pm; from Dh300 per person; Palm West Beach; 04 572 3444
Raffles Dubai
Held in the hotel's ballroom and garden, the Christmas Day brunch features a selection of roasted meats and live carvery, plus some seafood options, fine cheeses and an array of desserts.
The hotel is replete with festive decor and offers live entertainment as well as a visit from Santa bearing gifts for children.
December 25; 1pm-4pm; from Dh450 per person; Wafi; 04 324 8888
Ammos
The Rixos Premium Dubai restaurant has a three-course festive meal for diners on Christmas Day. Classic Greek flavours are features on the menu with dishes such as truffle tzatziki, melitzanosalata or smoked eggplant spread, crispy anchovies and more.
There's also Greek-style beef carpaccio, grilled octopus, meat platter with lamb chops, baby and ribeye served with grilled vegetables, as well as seafood platter with seabream, king prawns and lobster. For vegetarians, there is a truffle mushroom orzo on the menu.
December 25; 1pm-4pm; from Dh295; Rixos Premium Dubai, JBR; 052 777 9473
Mott 32
Curated by chef Frankie Yang, the festive brunch menu at this Address Beach Resort restaurant features Asian flavours, from soft shell crab and sweet and sour chicken to 42-day aged Peking duck salad.
For dessert, diners can expect sesame tart with lime, sea salt and pine nuts, as well as a sweet version of a xiao long bao, with an almond and chocolate ooling tea filling. Live entertainment includes Chinese calligraphy artists crafting bespoke fans for guests.
December 25; 12.30pm-4pm; from Dh475 per person; Dubai Marina; 04 278 4832
The Crossing
The Indian restaurant at The H Dubai is serving an eight-course festive menu featuring South Asian flavours.
Chef Jitin Joshi blends influences from traditional and modern Indian cuisine, inspired by quintessential festive ingredients. Dishes include lamb mince and potato croquette, turkey kofta and beetroot chops. Guests can also indulge in the restaurant's popular dishes, such as twisted papdi chaat and Kerala fish curry.
Until December 25; noon-1am; Dh175 per person; The H Hotel; 04 491 9695
Lucky Fish
A Christmas turkey feast awaits at The Palm Jumeirah West Beach restaurant.
The meal includes oven-roasted turkey, served with roasted baby potatoes, mixed vegetables and berry compote. For groups of four or more, the whole turkey is served on the table, while smaller groups can indulge in shared platters. The restaurant is only preparing three turkeys per hour, so advanced booking is encouraged.
December 24 to 26; noon onwards; Dh495 per person; Palm Jumeirah; 04 569 3447
Shishka
The Siberia-inspired restaurant at Souk Madinat Jumeirah has a festive set menu for diners on Christmas Day. On the menu is tabbouleh and muhammara for starters, followed by a signature Shishka mushroom soup. For mains, guests can choose between Uzbek pilaf or stuffed turkey, a golden panna cotta is served to conclude the meal.
Until December 26; 3pm-11pm; from Dh285 per person; Souk Madinat Jumeirah; 055 1638 8216
New Year's Eve
Claw BBQ
Ring in the New Year with an all-American buffet at this Hilton Dubai Palm Jumeirah restaurant.
Live entertainment aside, brunch includes a seafood bar with oysters, shrimps, white clams and black shell mussels. There is a live carving station with herb-marinated roasted beef and slow-roasted turkey with all the trimmings. Also on-site is a salad bar, guacamole station and a table full of sweet treats.
December 31; 8pm-midnight; from Dh399 per person; Palm Jumeirah; 04 230 0054
Honeycomb Hi-Fi
For those looking to party, this izakaya-style venue at Pullman Dubai Downtown is offering an unlimited drinks package to welcome 2024.
Music from resident DJs will dominate the dance floor, and those who want to have some bites can also opt for another package that includes free-flowing drinks and a selection of dishes such as chicken karaage and mochi stuffed wings.
December 31; 9pm-1am; from Dh450 per person (drinks only); Pullman Dubai Downtown; 04 412 6666
Miss Lily's
Also one for partygoers, the Caribbean-inspired venue at Sheraton Grand Hotel Dubai has various drinks packages in store for guests on New Year's Eve. The evening will be livened up by New York DJ Juss who will be spinning tracks until late. Guests can opt to extend their packages after 12.30am for an additional fee.
December 31; 8pm onwards; from Dh250 per person; Trade Centre; 04 356 2900
Mumbai Bungalow
The Indian restaurant at The Beach Mall is serving a five-course dinner on New Year's Eve.
There are two seating options, indoors and outdoors, and the menu features dishes such as lentil soup, aloo tiki chaat and guacamole pani puri for starters. For mains, diners can expect buratta butter chicken, veg jalfrezi and a kebab platter. The meal ends with moong dal kunafa or kufi falooda. A vegetarian menu is also on offer.
December 31; 8pm onwards; from Dh500 per person; JBR Walk; 800 6928779
Virgin Izakaya
This restaurant at Bluewaters has two seating options for its New Year's Eve celebration, with the outdoor area providing front-row seats to the fireworks show on the Dubai Marina skyline.
Both packages come with a set menu, with dishes such as caramelised miso eggplant, Wagyu steak and bluefin tuna steak. Other Japanese delights, such as sashimi, tataki and hand rolls, are also on offer.
December 31; 8pm onwards; from Dh500 per person; Bluewaters; 058 523 1702
Chutney's Restaurant
The Bur Dubai venue is hosting a New Year's Eve gala with North Indian dishes such as shahi paneer, gosht dum biryani, dal makhni and an array of South Asian sweets.
There is a live DJ, and guests can enjoy the view of the Dubai skyline from the pool deck.
December 31; 8pm-3am; from Dh300 per person; Movenpick Hotel & Apartments, Bur Dubai; 04 336 6000
High Five Bar & Lounge
Another one for the partygoers, the rooftop restaurant at Holiday Inn Express has a jampacked entertainment schedule to welcome 2024, from DJs spinning beats to captivating belly dancers. Various packages are available for drinks and light bites.
December 31; 10pm-3am; from Dh199 per person; Dubai Internet City; 055 537 7714
Bliss Pool Bar and Lounge
The rooftop pool bar is hosting a gala dinner under the stars on New Year's Eve, complete with an international buffet featuring a selection of kebabs, grilled seafood, steaks and more. There's also a live DJ to set the year-end ambience.
December 31; 9pm-12.30am; from Dh299 per person; Four Points by Sheraton Production City; 052 564 5681
Scalini
The Italian restaurant at Four Seasons Resort Jumeirah has tapped Italian violinist Pietro Bosacci to serenade guests on New Year's Eve and welcome 2024 with classical pieces.
Diners can order limited-edition dishes such as hand-made tortellini with beef oxtail stuffing in veal broth (Dh140), Swordfish roll filled with bread, caciocavallo cheese, raisin, pine nut and garlic (Dh170) and toasted panettone with zabaione (Dh75).
December 31; 7pm onwards; minimum spend of Dh300 per person; Restaurant Village, Four Seasons Resort Jumeirah; 04 349 0068
Cinco in numbers
Dh3.7 million
The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown
46
The number, in kilograms, that Swarovski’s wedding gown weighed.
1,000
The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]
50
How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday
3,000
The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.
1.1 million
The number of followers that Michael Cinco’s Instagram account has garnered.
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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UAE currency: the story behind the money in your pockets
'The Lost Daughter'
Director: Maggie Gyllenhaal
Starring: Olivia Colman, Jessie Buckley, Dakota Johnson
Rating: 4/5
Previous men's records
- 2:01:39: Eliud Kipchoge (KEN) on 16/9/19 in Berlin
- 2:02:57: Dennis Kimetto (KEN) on 28/09/2014 in Berlin
- 2:03:23: Wilson Kipsang (KEN) on 29/09/2013 in Berlin
- 2:03:38: Patrick Makau (KEN) on 25/09/2011 in Berlin
- 2:03:59: Haile Gebreselassie (ETH) on 28/09/2008 in Berlin
- 2:04:26: Haile Gebreselassie (ETH) on 30/09/2007 in Berlin
- 2:04:55: Paul Tergat (KEN) on 28/09/2003 in Berlin
- 2:05:38: Khalid Khannouchi (USA) 14/04/2002 in London
- 2:05:42: Khalid Khannouchi (USA) 24/10/1999 in Chicago
- 2:06:05: Ronaldo da Costa (BRA) 20/09/1998 in Berlin
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
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.”
Email sent to Uber team from chief executive Dara Khosrowshahi
From: Dara
To: Team@
Date: March 25, 2019 at 11:45pm PT
Subj: Accelerating in the Middle East
Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.
Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.
I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.
This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.
It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.
Uber on,
Dara
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Also on December 7 to 9, the third edition of the Gulf Car Festival (www.gulfcarfestival.com) will take over Dubai Festival City Mall, a new venue for the event. Last year's festival brought together about 900 cars worth more than Dh300 million from across the Emirates and wider Gulf region – and that first figure is set to swell by several hundred this time around, with between 1,000 and 1,200 cars expected. The first day is themed around American muscle; the second centres on supercars, exotics, European cars and classics; and the final day will major in JDM (Japanese domestic market) cars, tuned vehicles and trucks. Individuals and car clubs can register their vehicles, although the festival isn’t all static displays, with stunt drifting, a rev battle, car pulls and a burnout competition.
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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
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
