With a rich past that includes histories of occupation, interaction or warfare with the Romans, Mongols, Ottomans, and communists, the city of Budapest boasts a wealth of interesting and varied architecture.
It is a remarkably dynamic capital cut in two by the beautiful Danube, with a population as adapted to soaking in the hundreds of thermal baths as they are to partying all night long all across the city. An easy city to walk around, it also offers a clean, efficient metro and tram system to get you anywhere you want to go.
Originally two cities, Buda and Pest, both with different characteristics, you can easily escape the hustle and bustle of Pest to the more sedate Buda, or the other way around. In short, a weekend in Budapest can be whatever you want it to be: crazy, fun and exhausting or relaxed, quaint and invigorating. Or, of course, you can work out a trip that is somewhere in between.
Chill out during the day by heading to one of Budapest's thermal baths, where you can dip into pools of warm, hot or extremely hot water, enjoy saunas, massages and generally be pampered.
There are literally hundreds options to choose from, including the Szecheny (www.szechenyibath.com), which is probably the most famous one in town, and the Gellert (www.gellertbath.com), a slightly smaller, slicker operation. Both cost about US$15 (Dh55) for general admission; therapeutic treatments cost extra.
Take a free walking tour with an English-speaking guide to show you around town (www.freebudapesttours.eu), or go on your own on a walk along the Danube to see Buda Castle, a Unesco world heritage site. Take the funicular railway up to the Hungarian National Art Museum and gaze at the remarkable works of art and statues that Budapest has to offer, as well as a view from the hilltop over the whole city.
Saint Gellert had an unfortunate ending - pagans stuffed him in a barrel and rolled him down a hill into the Danube in the 9th century. Hardly compensation, the hill has been named in his honour and a climb up Gellert Hill will offer one of the best panoramic views of the city. You can also visit the 19th century Citadella on top.
If you're bored of walking up hills, head to one of the numerous art galleries and museums, including the Hungarian National Gallery (www.mng.hu), Museum of Fine Arts (www.szepmuveszeti.hum), and the National Museum (www.hnm.hu).
For a different experience head to Budapest's secret nuclear bunker and hospital, the Cave Hospital in the Rock (www.sziklakorhaz.hu), where you get to experience what it was like during the closing days of Second World War.
The House of Terror Museum (www.terrorhaza.hu) gives a chilling portrayal of life in Hungary, as it was the headquarters of the secret police of both the Nazi and communist regimes.
Budget
Central Backpack King is a surprisingly clean and tidy hostel right in the centre of Budapest, within easy walking distance of the chain bridge over the Danube. It has free Wi-Fi internet, great common room facilities, and a staff happy to help with any questions about Budapest. Dorms cost from $22 (Dh80) per night, including taxes.
Central Backpack King, Október 6. utca 15 (www.hostelworld.com/budapest; 0036 3 0200 7184).
Mid-range
Danubius Hotel Gellért is attached to the famous Gellert Spa, a convenient choice if you want a weekend relaxing by the pool or regular massages after some time in the sauna. Double rooms cost from $207 (Dh761) per night, including taxes.
Danubius Hotel Gellért, Szent Gellért tér 1 (www.danubiushotels.hu; 0036 1 889 5500).
Luxury
The Four Seasons Gresham Palace is one of the most modern and luxurious hotels in Budapest, with a great central location giving you access to all the city has to offer. Double rooms cost from $414 (Dh1,523) per night, including taxes.
Four Seasons Gresham Palace, Roosevelt Tér 5-6 (www.fourseasons.com/budapest; 0036 1 268 6000).
Breakfast
Sit surrounded by history at Cafe Gerbeaud (www.gerbeaud.hu) on Vosmarty Square, an eatery built at the height of the Austro-Hungarian empire and still going strong. A breakfast of sweet and salty rolls, condiments, cold meats and cheeses, coffee or tea costs from $12 (Dh44).
Lunch
Head to the Aranyszarvas Restaurant just after the Erzsebet Bridge in Taban Park to gorge on wild boar, pheasant or venison dishes and satisfy your inner carnivore. Dishes cost from $15 (Dh55).
Dinner
Booking ahead is a good idea for a fine meal at Menza (www.menza.co.hu). With a wide range of fine Hungarian dishes on offer, such as a starter of goulash soup followed by fried bread stuffed with chicken breast. Main courses cost from $25 (Dh92).
Return flights from Dubai to Budapest on Smartwings (www.smartwings.com) cost from $762 (Dh2,800) including taxes.
Hungarian being one of the least comprehensible languages in Europe that English speakers are likely to encounter, I recommend a good, solid read of Colloquial Hungarian: The Complete Course for Beginners by Carol H. Rounds and Erika Solyom.
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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EA Sports FC 25
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Moon Music
Artist: Coldplay
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About Housecall
Date started: July 2020
Founders: Omar and Humaid Alzaabi
Based: Abu Dhabi
Sector: HealthTech
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How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
Tottenham's 10 biggest transfers (according to transfermarkt.com):
1). Moussa Sissokho - Newcastle United - £30 million (Dh143m): Flop
2). Roberto Soldado - Valencia - £25m: Flop
3). Erik Lamela - Roma - £25m: Jury still out
4). Son Heung-min - Bayer Leverkusen - £25m: Success
5). Darren Bent - Charlton Athletic - £21m: Flop
6). Vincent Janssen - AZ Alkmaar - £18m: Flop
7). David Bentley - Blackburn Rovers - £18m: Flop
8). Luka Modric - Dynamo Zagreb - £17m: Success
9). Paulinho - Corinthians - £16m: Flop
10). Mousa Dembele - Fulham - £16m: Success
History's medical milestones
1799 - First small pox vaccine administered
1846 - First public demonstration of anaesthesia in surgery
1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases
1895 - Discovery of x-rays
1923 - Heart valve surgery performed successfully for first time
1928 - Alexander Fleming discovers penicillin
1953 - Structure of DNA discovered
1952 - First organ transplant - a kidney - takes place
1954 - Clinical trials of birth control pill
1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.
1998 - The first adult live-donor liver transplant is carried out