• The Anantara World Islands Dubai Resort is located four kilometres off the coast of Dubai and is the first hotel in the World Islands development. Photo: Anantara World Islands Dubai Resort
    The Anantara World Islands Dubai Resort is located four kilometres off the coast of Dubai and is the first hotel in the World Islands development. Photo: Anantara World Islands Dubai Resort
  • A one-bedroom pool villa at the resort. Photo: Anantara World Islands Dubai Resort
    A one-bedroom pool villa at the resort. Photo: Anantara World Islands Dubai Resort
  • A junior beach pool suite. Photo: Anantara World Islands
    A junior beach pool suite. Photo: Anantara World Islands
  • A one-bedroom beach pool villa. Photo: Anantara World Islands Dubai Resort
    A one-bedroom beach pool villa. Photo: Anantara World Islands Dubai Resort
  • Bathroom view in one of the guest rooms. Photo: Anantara World Islands Dubai Resort
    Bathroom view in one of the guest rooms. Photo: Anantara World Islands Dubai Resort
  • Anantara World islands Resort Dubai offers something that's quite rare in the thriving city - endless, uninterrupted ocean views. Photo: Hayley Skirka / The National
    Anantara World islands Resort Dubai offers something that's quite rare in the thriving city - endless, uninterrupted ocean views. Photo: Hayley Skirka / The National
  • Guests will check-in at Anantara The Palm then take a luxury speedboat to the World Islands. Hayley Skirka / The National
    Guests will check-in at Anantara The Palm then take a luxury speedboat to the World Islands. Hayley Skirka / The National

What to expect from Anantara World Islands Dubai Resort when it opens


Hayley Skirka
  • English
  • Arabic

In Dubai’s hugely competitive luxury hotel market, doing something new is harder than you might think. The city is already home to the world’s tallest hotel, the world’s only "seven-star" hotel and countless other luxury properties that tick every imaginable box from family-friendly to romantic, desert retreats to beachside.

And that is where the very soon-to-open Anantara World Islands Dubai Resort has things relatively easy.

As the first hotel to open on Dubai’s long-awaited World Islands, the hotel is already doing something different. Thankfully, in typical Anantara mode, that’s not quite enough for the luxury retreat that's located on the South American continent of the World Islands development.

Instead, Anantara has created something unlike anything that already exists in the Emirates.

The initial opening date is Saturday, December 18. Ahead of the big opening, The National was invited for a sneak peek behind the scenes at Anantara World Islands Dubai Resort.

As it's located some four kilometres off the coast of Dubai, on the World Islands site closest to the mainland, guests staying at the resort will arrive and check in at Anantara Dubai The Palm.

From there a very sleek luxury speedboat will whisk guests across the Arabian Gulf on a 15-minute trip towards the private island paradise.

Guests will check in at Anantara The Palm then take a luxury speedboat to Anantara World Islands Dubai Resort. Hayley Skirka / The National
Guests will check in at Anantara The Palm then take a luxury speedboat to Anantara World Islands Dubai Resort. Hayley Skirka / The National

Incidentally, this is the same way that workers had to get most of the furnishings, fittings and finishings for Anantara World Islands across to the resort.

Upon reaching the resort, a wooden jetty takes guests to the property's welcome pavilion. This pergola-style structure sits on the ocean's edge and is where travellers will be given a cool refreshment and enjoy a musical welcome ceremony, something that's customary in many of Anantara’s resorts around the world. At this property, the welcome takes place underneath an impressive chandelier crafted out of hundreds of harvested oyster shells – a nod to the UAE's pearl diving history.

A tropical island escape off the coast of the UAE

The tropical island resort offers endless views of the water with Dubai skyline in the background. Photo: Anantara World Islands Dubai Resort
The tropical island resort offers endless views of the water with Dubai skyline in the background. Photo: Anantara World Islands Dubai Resort

Walking into the sand-covered resort, it's not too much of a stretch of the imagination to think you've actually left Dubai behind. It’s hard to say where we feel we've gone to – the resort blends Anantara’s signature Thai influences with a sense of Maldivian luxury, Arabian elements and even some Zanzibari vibes. The result is decidedly tropical.

Guests checking in can wander at ease along the sandy walkways that wind through the resort, listening to the sound of the birds and taking in the tropical-style gardens that are currently still in their infancy, but already blooming with colour. Thai-style tuk-tuks are also on hand to ferry guests from one place to another.

Anantara World Islands offers something that's quite rare in the thriving city - endless, uninterrupted ocean views. Hayley Skirka / The National
Anantara World Islands offers something that's quite rare in the thriving city - endless, uninterrupted ocean views. Hayley Skirka / The National

An undulating swimming pool dotted with and surrounded by palm trees greets guests near the entrance. There’s a pool bar on the shoreline to the left of the pool, and a rock-art Instagram-worthy spot with the endless blue of the ocean behind it.

Tapas, Mediterranean, Indian and Middle Eastern eats, plus a plastic-free policy

Next to the pool is Helios, Anantara World Islands Dubai Resort’s Mediterranean all-day dining restaurant. The spacious eatery has fully retractable glass doors which can open up to let the breeze in when the weather is nice, or be closed to keep things cool in summer.

It’s one of three main restaurants on site. There’s also Luna, a Frida Kahlo-inspired South American lounge that’s located above Helios. Serving tapas and a wide range of drinks, this colourful restaurant's elevated position guarantees awesome views over the ocean back towards the Dubai skyline.

All villas at Anantara World Islands Dubai Resort have thatched Thai-style roofs. Photo: Anantara World Islands
All villas at Anantara World Islands Dubai Resort have thatched Thai-style roofs. Photo: Anantara World Islands

Qamar is the resort's Middle Eastern and Indian restaurant which is at once elegant and romantic without being ostentatious. Al fresco dining or shisha on the terrace is bound to be popular here thanks to traditional majlis-style seating, and uninterrupted vistas across the World Islands.

At the heart of the resort is The Grand House. This lobby area has beautiful palm-inspired decor and bamboo-style furniture and is also another place where guests can have a refreshment or a light bite.

In all of the restaurants and across the resort there's a strict no-plastic policy, with compostable coffee pods in the mini bars and water derived from Anantara’s filtration system, and served to guests in refillable glass bottles.

Cabana spa rooms, yoga and a gym with views to remember

The island has 70 rooms, suites and villas, ranging from the elevated Ocean View rooms, all of which have a balcony, to the four-bedroom Beach Pool Villa which spans a massive 224 square metres.

One of the really nice things about the design is that it really doesn't feel like you're in a resort. Each of the villas, suites and rooms are all slightly different from one another, giving the impression that you are instead wandering through a tropical village, albeit one that’s home to some serious mansions.

Huge thatched roofs adorned with Thai chofas allude to Anantara’s Thai heritage and the high ceilings inside the villas build a real sense of space. The design is coastal, with a subtle colour palate and materials like wood, wicker, linen and other natural products.

Fitness fans will adore the gym which has to be a contender for the best workout views in the world. There’s also a yoga hall and a padel court. The resort beach is lined with sunloungers, and there are in-ocean wooden swings just off the shoreline.

A junior beach pool suite at Anantara World Islands. Photo: Anantara World Islands
A junior beach pool suite at Anantara World Islands. Photo: Anantara World Islands

Famed for its spa facilities, Anantara's newest member is no different. While it wasn't open for a sneak peek during our visit, we're told that treatments will be given in luxurious spa cabanas and signature therapies are the Island Lomi Lomi massage and a Couples’ Island Escape.

The area will also be home to a large greenhouse that will eventually support the hotel’s food and beverage offerings with produce grown and used on-site.

Bookings will be opening soon and with initial rates starting from Dh1,600, checking in to Dubai’s newest tropical island might not cost quite as much as you would have expected.

Anantara World Islands Dubai Resort; anantara.com

See inside another new Dubai hotel – 25Hours Hotel One Central:

  • The first 25Hours Hotel outside of Europe has opened its doors in Dubai. All photos: 25Hours Hotel One Central
    The first 25Hours Hotel outside of Europe has opened its doors in Dubai. All photos: 25Hours Hotel One Central
  • The pool at 25Hours Hotel One Central, which overlooks the Museum of the Future.
    The pool at 25Hours Hotel One Central, which overlooks the Museum of the Future.
  • The Glamping Room.
    The Glamping Room.
  • Analogue Circus houses more than 500 vinyl records and a Walkman station.
    Analogue Circus houses more than 500 vinyl records and a Walkman station.
  • The rooftop Monkey Bar, an import from Berlin.
    The rooftop Monkey Bar, an import from Berlin.
  • The hotel's lobby with ceiling artwork by Dominik Bulka.
    The hotel's lobby with ceiling artwork by Dominik Bulka.
  • The hotel also offers a co-working space and meeting rooms.
    The hotel also offers a co-working space and meeting rooms.
  • The Farmstay Room at 25Hours Hotel One Central.
    The Farmstay Room at 25Hours Hotel One Central.
  • Tandoor Tina restaurant offers a playful mix of British and Northern Indian cuisine.
    Tandoor Tina restaurant offers a playful mix of British and Northern Indian cuisine.
  • The extra-large Artist Village Suite.
    The extra-large Artist Village Suite.
  • The Bedouin Room.
    The Bedouin Room.
WHAT IS GRAPHENE?

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were experimenting with sticky tape and graphite, the material used as lead in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But when they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment led to graphene being isolated for the very first time.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. 

The specs: 2018 Maxus T60

Price, base / as tested: Dh48,000

Engine: 2.4-litre four-cylinder

Power: 136hp @ 1,600rpm

Torque: 360Nm @ 1,600 rpm

Transmission: Five-speed manual

Fuel consumption, combined: 9.1L / 100km

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Scoreline

UAE 2-1 Saudi Arabia

UAE Mabkhout 21’, Khalil 59’

Saudi Al Abed (pen) 20’

Man of the match Ahmed Khalil (UAE)

Business Insights
  • Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
  • The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
  • US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

The specs

Engine: 2.0-litre 4-cyl, 48V hybrid

Transmission: eight-speed automatic

Power: 325bhp

Torque: 450Nm

Price: Dh359,000

On sale: now 

THE BIG THREE

NOVAK DJOKOVIC
19 grand slam singles titles
Wimbledon: 5 (2011, 14, 15, 18, 19)
French Open: 2 (2016, 21)
US Open: 3 (2011, 15, 18)
Australian Open: 9 (2008, 11, 12, 13, 15, 16, 19, 20, 21)
Prize money: $150m

ROGER FEDERER
20 grand slam singles titles
Wimbledon: 8 (2003, 04, 05, 06, 07, 09, 12, 17)
French Open: 1 (2009)
US Open: 5 (2004, 05, 06, 07, 08)
Australian Open: 6 (2004, 06, 07, 10, 17, 18)
Prize money: $130m

RAFAEL NADAL
20 grand slam singles titles
Wimbledon: 2 (2008, 10)
French Open: 13 (2005, 06, 07, 08, 10, 11, 12, 13, 14, 17, 18, 19, 20)
US Open: 4 (2010, 13, 17, 19)
Australian Open: 1 (2009)
Prize money: $125m

Company profile

Date started: January, 2014

Founders: Mike Dawson, Varuna Singh, and Benita Rowe

Based: Dubai

Sector: Education technology

Size: Five employees

Investment: $100,000 from the ExpoLive Innovation Grant programme in 2018 and an initial $30,000 pre-seed investment from the Turn8 Accelerator in 2014. Most of the projects are government funded.

Partners/incubators: Turn8 Accelerator; In5 Innovation Centre; Expo Live Innovation Impact Grant Programme; Dubai Future Accelerators; FHI 360; VSO and Consult and Coach for a Cause (C3)

RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors

The specS: 2018 Toyota Camry

Price: base / as tested: Dh91,000 / Dh114,000

Engine: 3.5-litre V6

Gearbox: Eight-speed automatic

Power: 298hp @ 6,600rpm

Torque: 356Nm @ 4,700rpm

Fuel economy, combined: 7.0L / 100km

My Country: A Syrian Memoir

Kassem Eid, Bloomsbury

Changing visa rules

For decades the UAE has granted two and three year visas to foreign workers, tied to their current employer. Now that's changing.

Last year, the UAE cabinet also approved providing 10-year visas to foreigners with investments in the UAE of at least Dh10 million, if non-real estate assets account for at least 60 per cent of the total. Investors can bring their spouses and children into the country.

It also approved five-year residency to owners of UAE real estate worth at least 5 million dirhams.

The government also said that leading academics, medical doctors, scientists, engineers and star students would be eligible for similar long-term visas, without the need for financial investments in the country.

The first batch - 20 finalists for the Mohammed bin Rashid Medal for Scientific Distinction.- were awarded in January and more are expected to follow.

Star%20Wars%3A%20Episode%20I%20%E2%80%93%20The%20Phantom%20Menace
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20Big%20Ape%20Productions%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20LucasArts%3Cbr%3E%3Cstrong%3EConsoles%3A%3C%2Fstrong%3E%20PC%2C%20PlayStation%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ESingle%20front-axle%20electric%20motor%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E218hp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E330Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%3Cbr%3E%3Cstrong%3EMax%20touring%20range%3A%20%3C%2Fstrong%3E402km%20(claimed)%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh215%2C000%20(estimate)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ESeptember%3C%2Fp%3E%0A
The bio

Date of Birth: April 25, 1993
Place of Birth: Dubai, UAE
Marital Status: Single
School: Al Sufouh in Jumeirah, Dubai
University: Emirates Airline National Cadet Programme and Hamdan University
Job Title: Pilot, First Officer
Number of hours flying in a Boeing 777: 1,200
Number of flights: Approximately 300
Hobbies: Exercising
Nicest destination: Milan, New Zealand, Seattle for shopping
Least nice destination: Kabul, but someone has to do it. It’s not scary but at least you can tick the box that you’ve been
Favourite place to visit: Dubai, there’s no place like home

COMPANY PROFILE

Name: Grubtech

Founders: Mohamed Al Fayed and Mohammed Hammedi

Launched: October 2019

Employees: 50

Financing stage: Seed round (raised $2 million)

 

RESULTS

6.30pm: Maiden Dh165,000 (Dirt) 1,200
Winner: Miqyaas, Adrie de Vries (jockey), Rashed Bouresly (trainer).

7.05pm: Handicap Dh165,000 (D) 1,600m
Winner: Untold Secret, Xavier Ziani, Salem bin Ghadayer.

7.40pm: Maiden Dh165,000 (D) 1,600m​​​​​​​
Winner: Shanty Star, Fabrice Veron, Rashed Bouresly.

8.15pm: Handicap Dh190,000 (D) 1,600m​​​​​​​
Winner: Alkaamel, Antonio Fresu, Musabah Al Muhairi.

8.50pm: Handicap Dh175,000 (D) 1,400m​​​​​​​
Winner: Speedy Move, Richard Mullen, Satish Seemar.

9.25pm: Handicap Dh175,000 (D) 2,000m​​​​​​​
Winner: Quartier Francois, Fernando Jara, Ali Rashid Al Raihe.

TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%209
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2041mm%20%E2%80%93%20352%20x%20430%3B%2045mm%20%E2%80%93%20396%20x%20484%3B%20always-on%20Retina%20LTPO%20OLED%2C%202000%20nits%20max%3B%20Ion-X%20glass%20(aluminium%20cases)%2C%20sapphire%20crystal%20(stainless%20steel%20cases)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20S9%2064-bit%2C%20W3%20wireless%2C%202nd-gen%20Ultra%20Wideband%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%2064GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%201GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20watchOS%2010%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EHealth%20metrics%3A%3C%2Fstrong%3E%20Blood%20oxygen%20sensor%2C%20electrical%20heart%20sensor%20and%20ECG%2C%203rd-gen%20optical%20heart%20sensor%2C%20high%20and%20low%20heart%20rate%20notifications%2C%20irregular%20rhythm%20notifications%2C%20sleep%20stages%2C%20temperature%20sensing%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEmergency%20services%3A%3C%2Fstrong%3E%20Emergency%20SOS%2C%20international%20emergency%20calling%2C%20crash%20detection%2C%20fall%20detection%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20GPS%2FGPS%20%2B%20cellular%3B%20Wi-Fi%2C%20LTE%2C%20Bluetooth%205.3%2C%20NFC%20(Apple%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP6X%2C%20water%20resistant%20up%20to%2050m%2C%20dust%20resistant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%20308mAh%20Li-ion%2C%20up%20to%2018h%20regular%2F36h%20low%20power%3B%20wireless%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20eSIM%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFinishes%3A%3C%2Fstrong%3E%20Aluminium%20%E2%80%93%20midnight%2C%20pink%2C%20Product%20Red%2C%20silver%2C%20starlight%3B%20stainless%20steel%20%E2%80%93%20gold%2C%20graphite%2C%20silver%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20Watch%20Series%209%2C%20woven%20magnetic-to-USB-C%20charging%20cable%2C%20band%2Floop%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starts%20at%20Dh1%2C599%20(41mm)%20%2F%20Dh1%2C719%20(45mm)%3C%2Fp%3E%0A
Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

'HIJRAH%3A%20IN%20THE%20FOOTSTEPS%20OF%20THE%20PROPHET'
%3Cp%3E%3Cstrong%3EEdited%20by%3A%3C%2Fstrong%3E%20Idries%20Trevathan%3Cbr%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20240%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Hirmer%20Publishers%3Cbr%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
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

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

THE SPECS

BMW X7 xDrive 50i

Engine: 4.4-litre V8

Transmission: Eight-speed Steptronic transmission

Power: 462hp

Torque: 650Nm

Price: Dh600,000

Profile box

Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

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%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Cary%20Joji%20Fukunaga%2C%20Dee%20Rees%2C%20Anna%20Boden%2C%20Ryan%20Fleck%2C%20Tim%20Van%20Patten%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Austin%20Butler%2C%20Callum%20Turner%2C%20Anthony%20Boyle%2C%20Barry%20Keoghan%2C%20Sawyer%20Spielberg%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
PROFILE BOX

Company name: Overwrite.ai

Founder: Ayman Alashkar

Started: Established in 2020

Based: Dubai International Financial Centre, Dubai

Sector: PropTech

Initial investment: Self-funded by founder

Funding stage: Seed funding, in talks with angel investors

The specs: 2018 Volkswagen Teramont

Price, base / as tested Dh137,000 / Dh189,950

Engine 3.6-litre V6

Gearbox Eight-speed automatic

Power 280hp @ 6,200rpm

Torque 360Nm @ 2,750rpm

Fuel economy, combined 11.7L / 100km

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.”

The Gandhi Murder
  • 71 - Years since the death of MK Gandhi, also christened India's Father of the Nation
  • 34 - Nationalities featured in the film The Gandhi Murder
  • 7 - million dollars, the film's budget 
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Updated: December 16, 2021, 7:07 PM