• Sheikh Mohammed bin Rashid, then Minister of Defence and Crown Prince of Dubai, visits Spinneys at Mercato Mall on October 27, 2002. Photo: Spinneys
    Sheikh Mohammed bin Rashid, then Minister of Defence and Crown Prince of Dubai, visits Spinneys at Mercato Mall on October 27, 2002. Photo: Spinneys
  • Spinneys Ras Al Khaimah opened in 1969, eight years after the first branch opened in Dubai. Photo: Spinneys
    Spinneys Ras Al Khaimah opened in 1969, eight years after the first branch opened in Dubai. Photo: Spinneys
  • Shoppers at the bakery in the Spinneys Muraqqabat branch in 1988. Photo: Spinneys
    Shoppers at the bakery in the Spinneys Muraqqabat branch in 1988. Photo: Spinneys
  • Spinneys opens its first concept store and headquarters for its corporate office in Meydan, Dubai, on November 25, 2019. Photo: Spinneys
    Spinneys opens its first concept store and headquarters for its corporate office in Meydan, Dubai, on November 25, 2019. Photo: Spinneys
  • A drawing of the Spinneys shop at Al Nasser Square in Deira in 1961 - the year it opened. Photo: Spinneys
    A drawing of the Spinneys shop at Al Nasser Square in Deira in 1961 - the year it opened. Photo: Spinneys
  • Ali Albwardy, owner of Spinneys in the UAE, pictured with Sheikh Rashid, the late Ruler of Dubai. Sheikh Rashid was the supermarket's first customer when it opened in Deira in 1961. Photo: Spinneys
    Ali Albwardy, owner of Spinneys in the UAE, pictured with Sheikh Rashid, the late Ruler of Dubai. Sheikh Rashid was the supermarket's first customer when it opened in Deira in 1961. Photo: Spinneys
  • The first Jashanmal store in Abu Dhabi under construction ahead of its 1964 opening. Jashanmal opened in Dubai eight years earlier. Photo: BP Archives
    The first Jashanmal store in Abu Dhabi under construction ahead of its 1964 opening. Jashanmal opened in Dubai eight years earlier. Photo: BP Archives
  • A Jashanmal store at Mall of the Emirates in Dubai in February 2010. The company opened its first shop in Dubai in 1956. Jeffery E Biteng / The National
    A Jashanmal store at Mall of the Emirates in Dubai in February 2010. The company opened its first shop in Dubai in 1956. Jeffery E Biteng / The National
  • Mohan Jashanmal, Regional Manager of Jashanmal National, is congratulated by Sheikh Nahyan bin Mubarak, now Minister of Tolerance, in January 2011 after receiving an award from the President of India for his community service and for promoting India in the UAE. Delores Johnson / The National
    Mohan Jashanmal, Regional Manager of Jashanmal National, is congratulated by Sheikh Nahyan bin Mubarak, now Minister of Tolerance, in January 2011 after receiving an award from the President of India for his community service and for promoting India in the UAE. Delores Johnson / The National

How popular UAE shops Spinneys and Jashanmal came to be


James Langton
  • English
  • Arabic

Back in the roaring 1920s, a British army officer stationed in Alexandria decided he needed a change from military life.

Setting up operations in the suburbs of the Egyptian city, he first supplied provisions for railways in what was then the League of Nations mandate for Palestine.

Soon he had moved his headquarters to Haifa, then part of Palestine and one of the stops along the Palestine Railways that ran between 1920 and 1948. There he sold imported British goods ― considered a luxury at the time ― to customers as far away as Syria.

This included motor cars, with an advert in the Palestine Bulletin for October 13 , 1931 offering a “bargain” Austin 7 Saloon for sale.

A section from page two of The Palestine Bulletin on October 13, 1931, showing an advert for a car for sale at Spinney's Limited in Haifa, Palestine. Photo: The National Library of Israel
A section from page two of The Palestine Bulletin on October 13, 1931, showing an advert for a car for sale at Spinney's Limited in Haifa, Palestine. Photo: The National Library of Israel

Prospective buyers were invited to visit the shop on the Jaffa Road, named after this budding entrepreneur: Arthur Rawdon Spinney.

Spinneys supermarkets is just one of a number of instantly familiar retail names in the UAE. Jashanmal is another staple to the UAE. But the story of those two household names, the people behind them, and how they are woven into the history of the country, is perhaps not as well known.

Spinneys survived a bomb attack on its Jerusalem branch in 1936, and continued to expand across the Middle East, arriving in Baghdad, during the 1936-1939 Arab Revolt, and Beirut in 1948.

After the July 14 Revolution in Iraq in 1958, and the execution of King Faisal II, a decision was made to relocate the Baghdad outlet to Dubai.

Ali Albwardy, owner of Spinneys in the UAE, pictured with Sheikh Rashid, the late Ruler of Dubai. Sheikh Rashid was the supermarket's first customer when it opened in Deira in 1961. Photo: Spinneys
Ali Albwardy, owner of Spinneys in the UAE, pictured with Sheikh Rashid, the late Ruler of Dubai. Sheikh Rashid was the supermarket's first customer when it opened in Deira in 1961. Photo: Spinneys

The branch opened in 1962, in Al Nasr Square, with Sheikh Rashid bin Saeed, Ruler of Dubai, as the first customer. He bought a bottle of grenadine syrup.

Locally, it became known as “The Frozen Chicken” because it was the only retailer to sell frozen poultry, using a chiller van.

Today, there are Spinneys supermarkets in Egypt, Jordan and Oman. In Lebanon, the brand is owned by Grey Mackenzie Retail, another trading name with deep roots in the region, and originally a shipping company founded in the 19th century. In Abu Dhabi, Grey Mackenzie still sells licensed beverages as part of Abu Dhabi Maritime and Mercantile International.

In the UAE, there are now more than 50 Spinneys supermarkets and convenience shops, with the brand name now owned by Albwardy Investments, which was founded by an Emirati businessman, Ali Albwardy.

As for Arthur Spinney, he retired in the 1960s, living in the English seaside town of Littlehampton until his death at the age of 83 in 1973.

The first Jashanmal store in Abu Dhabi under construction ahead of its opening in 1964. Jashanmal had opened in Dubai eight years previously. Photo: BP Archives
The first Jashanmal store in Abu Dhabi under construction ahead of its opening in 1964. Jashanmal had opened in Dubai eight years previously. Photo: BP Archives

Another familiar UAE brand very much retains its family connection. In 1919, a 24-year-old from Karachi, Rao Sahib Jashanmal, travelled to Basra in Iraq.

Like Pakistan and India, Basra was under British rule at the time, and seeing an opportunity to trade in the British Empire, he opened a store carrying the family name of Jashanmal, serving workers in the oil industry.

Oil was a major part of the Iraqi economy, and as discoveries were made in other countries in the Arabian Gulf, the Jashanmal family followed, taking advantage of this growing prosperity.

Led by Rao Sahib’s sons, Naraindas, Atma, Hiro and Mohan, Jashanmal stores could eventually be found Kuwait, Bahrain and Dubai, selling high quality products from books and watches to Clarks desert boots.Tony Jashanmal, Rao Sahib’s grandson, now heads the company.

Members of the Jashanmal family from left, Suhail Jashanmal, Shuja Jashanmal, Tony Jashanmal and Mohan Jashanmal, in July, 2013. Delores Johnson / The National
Members of the Jashanmal family from left, Suhail Jashanmal, Shuja Jashanmal, Tony Jashanmal and Mohan Jashanmal, in July, 2013. Delores Johnson / The National

When oil was discovered in Abu Dhabi in 1958, Jashanmal set up shop at the exploration base on Das Island supplying workers, and then, later, in Abu Dhabi.

Today the fourth generation of the family is entering the business, which employs more than 5,000 people at more than 100 shops.

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

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

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Victims%20of%20the%202018%20Parkland%20school%20shooting
%3Cp%3EAlyssa%20Alhadeff%2C%2014%3C%2Fp%3E%0A%3Cp%3EScott%20Beigel%2C%2035%0D%3C%2Fp%3E%0A%3Cp%3EMartin%20Duque%2C%2014%3C%2Fp%3E%0A%3Cp%3ENicholas%20Dworet%2C%2017%3C%2Fp%3E%0A%3Cp%3EAaron%20Feis%2C%2037%3C%2Fp%3E%0A%3Cp%3EJaime%20Guttenberg%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3EChris%20Hixon%2C%2049%0D%3C%2Fp%3E%0A%3Cp%3ELuke%20Hoyer%2C%2015%3C%2Fp%3E%0A%3Cp%3ECara%20Loughran%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3EGina%20Montalto%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3EJoaquin%20Oliver%2C%2017%0D%3C%2Fp%3E%0A%3Cp%3EAlaina%20Petty%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3EMeadow%20Pollack%2C%2018%3C%2Fp%3E%0A%3Cp%3EHelena%20Ramsay%2C%2017%0D%3Cbr%3E%0D%3C%2Fp%3E%0A%3Cp%3EAlex%20Schachter%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3ECarmen%20Schentrup%2C%2016%0D%3C%2Fp%3E%0A%3Cp%3EPeter%20Wang%2C%2015%3Cbr%3E%3C%2Fp%3E%0A
Two products to make at home

Toilet cleaner

1 cup baking soda 

1 cup castile soap

10-20 drops of lemon essential oil (or another oil of your choice) 

Method:

1. Mix the baking soda and castile soap until you get a nice consistency.

2. Add the essential oil to the mix.

Air Freshener

100ml water 

5 drops of the essential oil of your choice (note: lavender is a nice one for this) 

Method:

1. Add water and oil to spray bottle to store.

2. Shake well before use. 

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Vault%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202023%3Cbr%3E%3Cstrong%3ECo-founders%3A%20%3C%2Fstrong%3EBilal%20Abou-Diab%20and%20Sami%20Abdul%20Hadi%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EAbu%20Dhabi%3Cbr%3E%3Cstrong%3ELicensed%20by%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20Global%20Market%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3EInvestment%20and%20wealth%20advisory%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%241%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EOutliers%20VC%20and%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E14%3Cbr%3E%3C%2Fp%3E%0A
Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

About Okadoc

Date started: Okadoc, 2018

Founder/CEO: Fodhil Benturquia

Based: Dubai, UAE

Sector: Healthcare

Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth

Funding stage: Series B fundraising round to conclude in February

Investors: Undisclosed

Full Party in the Park line-up

2pm – Andreah

3pm – Supernovas

4.30pm – The Boxtones

5.30pm – Lighthouse Family

7pm – Step On DJs

8pm – Richard Ashcroft

9.30pm – Chris Wright

10pm – Fatboy Slim

11pm – Hollaphonic

 

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

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

RESULTS

Light Flyweight (48kg): Alua Balkibekova (KAZ) beat Gulasal Sultonalieva (UZB) by points 4-1.

Flyweight (51kg): Nazym Kyzaibay (KAZ) beat Mary Kom (IND) 3-2.

Bantamweight (54kg): Dina Zholaman (KAZ) beat Sitora Shogdarova (UZB) 3-2.

Featherweight (57kg): Sitora Turdibekova (UZB) beat Vladislava Kukhta (KAZ) 5-0.

Lightweight (60kg): Rimma Volossenko (KAZ) beat Huswatun Hasanah (INA) KO round-1.

Light Welterweight (64kg): Milana Safronova (KAZ) beat Lalbuatsaihi (IND) 3-2.

Welterweight (69kg): Valentina Khalzova (KAZ) beat Navbakhor Khamidova (UZB) 5-0

Middleweight (75kg): Pooja Rani (IND) beat Mavluda Movlonova (UZB) 5-0.

Light Heavyweight (81kg): Farida Sholtay (KAZ) beat Ruzmetova Sokhiba (UZB) 5-0.

Heavyweight (81 kg): Lazzat Kungeibayeva (KAZ) beat Anupama (IND) 3-2.

Arabian Gulf League fixtures:

Friday:

  • Emirates v Hatta, 5.15pm
  • Al Wahda v Al Dhafra, 5.25pm
  • Al Ain v Shabab Al Ahli Dubai, 8.15pm

Saturday:

  • Dibba v Ajman, 5.15pm
  • Sharjah v Al Wasl, 5.20pm
  • Al Jazira v Al Nasr, 8.15pm

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.”

HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

Updated: September 26, 2023, 8:23 AM