• Sheikh Mohamed bin Zayed, Reem Al Hashimy and Noura Al Kaabi arrive at the UAE pavilion during a visit to Expo 2020 Dubai. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed, Reem Al Hashimy and Noura Al Kaabi arrive at the UAE pavilion during a visit to Expo 2020 Dubai. Ryan Carter for the Ministry of Presidential Affairs
  • Artists perform during Uganda's Expo national day celebrations at Al Wasl Plaza. Photo: Pawan Singh / The National
    Artists perform during Uganda's Expo national day celebrations at Al Wasl Plaza. Photo: Pawan Singh / The National
  • Jameela Al Muhairi, Minister of State for Public Education, attends the opening of the Sustainability Portal at Expo 2020 Dubai. Photo: Expo 2020
    Jameela Al Muhairi, Minister of State for Public Education, attends the opening of the Sustainability Portal at Expo 2020 Dubai. Photo: Expo 2020
  • Reem Al Hashimy, Director General of Expo 2020 Dubai and Jameela Al Muhairi, Minister of State for Public Education attend the Sustainability Portal opening. Photo: Expo 2020
    Reem Al Hashimy, Director General of Expo 2020 Dubai and Jameela Al Muhairi, Minister of State for Public Education attend the Sustainability Portal opening. Photo: Expo 2020
  • School pupils tour the UAE pavilion. Photo: Pawan Singh / The National
    School pupils tour the UAE pavilion. Photo: Pawan Singh / The National
  • Artists perform during Uganda's Expo national day celebrations at Al Wasl Plaza. Photo: Pawan Singh / The National
    Artists perform during Uganda's Expo national day celebrations at Al Wasl Plaza. Photo: Pawan Singh / The National
  • The Uganda pavilion. Photo: Pawan Singh / The National
    The Uganda pavilion. Photo: Pawan Singh / The National
  • Visitors at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
    Visitors at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
  • Visitors outside the Turkmenistan pavilion at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
    Visitors outside the Turkmenistan pavilion at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
  • Artists performing during the parade at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
    Artists performing during the parade at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
  • Artists performing during the parade at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
    Artists performing during the parade at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
  • Visitors at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
    Visitors at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
  • Visitors at the Mexico pavilion at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
    Visitors at the Mexico pavilion at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
  • Visitors at the Russia pavilion at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
    Visitors at the Russia pavilion at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
  • School students during their visit at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
    School students during their visit at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
  • Sheikh Mohamed bin Zayed tours the Serbia pavilion with Aleksandar Vucic. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed tours the Serbia pavilion with Aleksandar Vucic. Ryan Carter for the Ministry of Presidential Affairs
  • HH Sheikh Mohamed bin Zayed Al Nahyan Crown Prince of Abu Dhabi Deputy Supreme Commander of the UAE Armed Forces (R), speaks HE Reem Al Hashimi, UAE Minister of State for International Cooperation and Director General of EXPO 2020 Dubai (L) and HE Noura Al Kaabi, Minister of Culture and Youth, Commissioner - General of the UAE Pavilion at Expo 2020 (C), during a visit to EXPO 2020 Dubai. Ryan Carter for the Ministry of Presidential Affairs ---
    HH Sheikh Mohamed bin Zayed Al Nahyan Crown Prince of Abu Dhabi Deputy Supreme Commander of the UAE Armed Forces (R), speaks HE Reem Al Hashimi, UAE Minister of State for International Cooperation and Director General of EXPO 2020 Dubai (L) and HE Noura Al Kaabi, Minister of Culture and Youth, Commissioner - General of the UAE Pavilion at Expo 2020 (C), during a visit to EXPO 2020 Dubai. Ryan Carter for the Ministry of Presidential Affairs ---
  • Sheikh Mohamed bin Zayed with Serbian President Aleksandar Vucic during a visit to the Serbia pavilion. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed with Serbian President Aleksandar Vucic during a visit to the Serbia pavilion. Ryan Carter for the Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed visits Expo 2020 Dubai
    Sheikh Mohamed bin Zayed visits Expo 2020 Dubai
  • Gul Bahar, folk artist from Pakistan at the Pakistan pavilion at the EXPO 2020 site in Dubai. Pawan Singh / The National
    Gul Bahar, folk artist from Pakistan at the Pakistan pavilion at the EXPO 2020 site in Dubai. Pawan Singh / The National
  • Visitors enjoying the ride in the EXPO Explorer train at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
    Visitors enjoying the ride in the EXPO Explorer train at the EXPO 2020 site in Dubai on 3 October, 2021. Pawan Singh/The National.
  • Lights at the Estonia pavilion at the EXPO 2020 site in Dubai. Pawan Singh / The National.
    Lights at the Estonia pavilion at the EXPO 2020 site in Dubai. Pawan Singh / The National.
  • Inside view of the Ethiopia pavilion at the EXPO 2020 site in Dubai. Pawan Singh / The National.
    Inside view of the Ethiopia pavilion at the EXPO 2020 site in Dubai. Pawan Singh / The National.
  • Different types of coffee are on display at the Ethiopia pavilion at the EXPO 2020 site in Dubai. Pawan Singh / The National.
    Different types of coffee are on display at the Ethiopia pavilion at the EXPO 2020 site in Dubai. Pawan Singh / The National.

Expo 2020 to be 'largest brainstorming session' for businesses


Neil Halligan
  • English
  • Arabic

Expo 2020 is set to drive business in Dubai into a new era that will see the city undergo “another big paradigm shift”, a senior executive with Dubai Chamber has said.

Tourist numbers will also see a sharp rise, with Dubai Tourism already seeing “steady growth” in visitors.

While previous world's fairs have been a window to the future, displaying innovations and inventions, many countries see Expo 2020 Dubai as an opportunity to reconnect with the world, post-pandemic.

Nestled among the bright lights of buildings of all shapes and sizes at Expo 2020 lies the Dubai Conference Centre that will be the centre for all things business at the South Dubai site.

We're starting to see a wave really build up
Omar Khan,
Dubai Chamber

It’s the conversations here, and among the myriad pavilions, that will make Expo “the world's largest brainstorming session”, according to Omar Khan, director of international offices at Dubai Chamber.

He said there is a lot of excitement about what the next six months will mean to the local business community.

“We're starting to see a wave really build up very soon. There's going to be a lot happening in Expo and in Dubai and the UAE in general,” Mr Khan said.

“I really do believe that there are going to be some unexpected positive results coming. You know, when you put the best minds together, sometimes it gets very surprising effects and then it snowballs.”

Business confidence growing

  • Lake of Expo 2020. Located near Al Maktoum International Airport. Expo is set to boost both business and tourism in Dubai. DTCM.
    Lake of Expo 2020. Located near Al Maktoum International Airport. Expo is set to boost both business and tourism in Dubai. DTCM.
  • Dubai Conference Centre will be the epicentre for all things business at Expo. Dubai Chamber
    Dubai Conference Centre will be the epicentre for all things business at Expo. Dubai Chamber
  • Omar Khan, Director of International Offices at Dubai Chamber. Dubai Chamber
    Omar Khan, Director of International Offices at Dubai Chamber. Dubai Chamber
  • Issam Kazim, chief executive, Dubai Tourism.
    Issam Kazim, chief executive, Dubai Tourism.
  • Suresh Kumar, chairman of Indian Business & Professional Council. IBPC
    Suresh Kumar, chairman of Indian Business & Professional Council. IBPC
  • Night view of The Opportunity Portal, Expo 2020 Dubai. Expo 2020 Dubai
    Night view of The Opportunity Portal, Expo 2020 Dubai. Expo 2020 Dubai

Business conditions in Dubai have been improving. The economy is forecast to expand 3.1 per cent in 2021, with Expo singled out as one of the main drivers.

Confidence among businesses in the city is also on the rise.

Dubai Chamber’s own survey this summer found that companies in the city expect business conditions to improve in the third quarter of 2021 as investor confidence grows before Expo 2020.

Mr Khan said the coming months will involve a large amount of Expo-related business activity.

'I believe that when Expo comes, I think there's going to be a big uplift [in business],' said Omar Khan, director of International Offices at Dubai Chamber. Photo: Dubai Chamber
'I believe that when Expo comes, I think there's going to be a big uplift [in business],' said Omar Khan, director of International Offices at Dubai Chamber. Photo: Dubai Chamber

“I believe that when Expo comes, I think there's going to be a big uplift [in business]. There’s going to be deals signed, and negotiations and bargains that would not have happened [without Expo],” he said.

“There's going to be a big mind meld here, and I think the results are going to be very surprising. One success story is going to become five success stories, and it’s going to pick up and there will be more and more.”

The business confidence is reflected in the recruitment drives announced by some of the UAE’s largest employers.

Online retailer Amazon announced plans to create 1,500 jobs in the UAE this year, while Emirates airline said it plans to recruit 3,000 cabin crew and 500 airport services employees in the next six months.

Steady influx of visitors

  • The Emirates pavilion at Expo 2020 Dubai has opened for bookings. All photos: Emirates
    The Emirates pavilion at Expo 2020 Dubai has opened for bookings. All photos: Emirates
  • The 'airport of the future' installation at the Emirates Pavilion
    The 'airport of the future' installation at the Emirates Pavilion
  • The pavilion's structure was inspired by the shape of aircraft wings
    The pavilion's structure was inspired by the shape of aircraft wings
  • A future towards cleaner skies and more sustainable flying form a major part of the pavilion's showcase
    A future towards cleaner skies and more sustainable flying form a major part of the pavilion's showcase
  • Visitors can learn all about an aircraft's thrust and propulsion via a series of animations
    Visitors can learn all about an aircraft's thrust and propulsion via a series of animations
  • Emirates has designed its pavilion to offer people a glimpse into the future of commercial aviation
    Emirates has designed its pavilion to offer people a glimpse into the future of commercial aviation
  • Cabin crew will be stationed at the pavilion to show around the exhibits
    Cabin crew will be stationed at the pavilion to show around the exhibits
  • Visitors will get the chance to design their own aircraft and simulate flights
    Visitors will get the chance to design their own aircraft and simulate flights
  • Robotic arms at work at the Future Lab in the Emirates Pavilion
    Robotic arms at work at the Future Lab in the Emirates Pavilion

Emirates, which has headquarters in Dubai, is looking to increase its operations to cater for recovering travel demand.

“We predict large volumes of traffic during the Expo 2020 Dubai period, and forward bookings are looking very encouraging,” an Emirates representative told The National.

“We are responding to increased demand through the ramp up of our operations across the network.”

The airline, which operates 71 direct flights to the 191 countries that have confirmed participation in Expo 2020, expects further growth.

“We expect that the Expo will provide an even bigger boost to visitor numbers, and it is definitely the highlight for destination Dubai for the remainder of 2021 until April 2022,” the representative said.

“The Expo team, Emirates and all travel and tourism stakeholders have worked hard to promote this mega event and make it the focal point for accelerating the world’s post-pandemic recovery.”

Dubai Tourism chief executive, Issam Kazim, said Expo will help reinforce Dubai’s magnetism for tourism, retail, events, business and finance. Pawan Singh / The National
Dubai Tourism chief executive, Issam Kazim, said Expo will help reinforce Dubai’s magnetism for tourism, retail, events, business and finance. Pawan Singh / The National

Dubai has seen a steady influx of visitors since it reopened to tourists in July 2020.

Figures released this month revealed the emirate welcomed 2.85 million visitors in the first half of 2021, with numbers predicted to rise in the fourth quarter, boosted by both Expo 2020 Dubai and the UAE’s Golden Jubilee celebrations.

Dubai Tourism chief executive, Issam Kazim, said Expo will help reinforce Dubai’s position as an international centre for tourism, retail, events, business and finance as it continues to overcome the pandemic.

“As the host city for this milestone event, which marks a turning point for the post-pandemic world, it is noteworthy that our domestic stakeholders and international network of partners have played a pivotal role in our tourism recovery, leading to the reopening of the city, the restart of the events sector and the city safely welcoming a steady growth in visitors,” Mr Kazim told The National.

“Expo 2020 will help harness and build on this momentum, along with UAE’s Golden Jubilee celebrations, throughout this landmark year and beyond.”

Mr Kazim said the six-month event was an opportunity to demonstrate the best of Dubai.

“Dubai is now presented with a once-in-a-lifetime opportunity to showcase to a global audience its multifaceted destination propositions, its unparalleled generosity and true Arabian hospitality that makes it so unique and attractive for people from all over the world,” he said.

Build your brand in Dubai

  • A tour of the India pavilion was held on Wednesday. All pictures by Chris Whiteoak
    A tour of the India pavilion was held on Wednesday. All pictures by Chris Whiteoak
  • Colourful images of Indian dancers, musicians and top tourist haunts were beamed on the facade of the pavilion
    Colourful images of Indian dancers, musicians and top tourist haunts were beamed on the facade of the pavilion
  • The first floor on the stunning pavilion focuses on tourism
    The first floor on the stunning pavilion focuses on tourism
  • The ground floor celebrates space and yoga
    The ground floor celebrates space and yoga
  • The India pavilion is set to be a huge attraction throughout the world fair
    The India pavilion is set to be a huge attraction throughout the world fair
  • An impressive visual production projected onto the vast pavilion brought India's rich history to life
    An impressive visual production projected onto the vast pavilion brought India's rich history to life
  • India's pavilion will be a highlight of the six-month-long event
    India's pavilion will be a highlight of the six-month-long event
  • India’s pavilion at Expo 2020 Dubai is a dynamic, continually moving structure
    India’s pavilion at Expo 2020 Dubai is a dynamic, continually moving structure
  • It will shine a light on the country's rich heritage and look to the future
    It will shine a light on the country's rich heritage and look to the future
  • The colourful Indian pavilion is expected to draw bumper crowds
    The colourful Indian pavilion is expected to draw bumper crowds
  • A picture perfect tour of the Indian pavilion
    A picture perfect tour of the Indian pavilion
  • A media tour of the pavilion was held just days before Expo 2020 gets under way
    A media tour of the pavilion was held just days before Expo 2020 gets under way
  • A striking visual show illuminated the Indian pavilion under the night sky
    A striking visual show illuminated the Indian pavilion under the night sky
  • India is ready to make its mark at Expo 2020 Dubai after offering a crowd-pleasing preview of its coming attractions
    India is ready to make its mark at Expo 2020 Dubai after offering a crowd-pleasing preview of its coming attractions

Suresh Kumar, chairman of Indian Business and Professional Council, estimated that a minimum of three million visitors would come from India to Expo 2020 Dubai.

“The interest levels we’re seeing would suggest at least a few million visitors during the course of Expo from India,” Mr Kumar told The National.

He said he expects Expo to open up more opportunities for Indian businesses in Dubai, which he said would "reach out to other parts of the world to extend their businesses”.

“For instance, many of the Indian businesses from a supply chain perspective find it efficient to domicile their last mile production and last-mile delivery capabilities outside India, in a location which has excellent logistics infrastructure, and Dubai and the UAE qualify by a big margin,” he said.

Adrian Costigan, British Business Group’s lead for Expo, said there was a “large buzz among the British community in Dubai” about Expo.

After the recent announcements by the UK government to ease travel between the countries, he expects a sharp rise in visitors

“We are expecting significant inflows of UK visitors over the coming months for business and winter sun holidays. They will also take in a trip to Expo events and gatherings,” Mr Costigan told The National.

“Expo has a key role to play as a booster for UK inward tourism. All of the UK tourism organisations are well represented across the programme at the British pavilion.

“It will be difficult for visitors experiencing the storytelling of some of the new aspects of the UK’s personality and the visual impact of landscape and emotion not the plan a trip to the UK in the future.”

More than 6,000 UK companies have operations in the UAE, while large number of British own local businesses in the UAE.

Mr Costigan, who is managing director for the Middle East at A-Safe, said Covid, and the subsequent lockdowns in the UK, prompted more British businesspeople to look to expand to the UAE or relocate.

He believes Expo will grow that number even further.

“There has already been an increase in new British business setups here in the past year,” he said.

“Expo will be a catalyst for further meeting of minds, entrepreneurship and investment both in Dubai and the wider region, consequently creating opportunities for British businesses, British ingenuity and British brain power to relocate and base themselves here.”

Post-Expo, Omar Kahn said there would be a “big paradigm shift again in Dubai”, likening it to a caterpillar turning into a butterfly.

“I think Dubai is going to be much more agile, probably 10 times more cosmopolitan and it’s going to have a lot of young people,” he said.

“We’re looking at bringing in 50 multinationals in the coming few years, ones that have never been here before – and to internationalise at least 200 of our local companies.

“Our message is come to Dubai, build your brand. It’s not an easy place, it’s competitive, but it’s a very good, professional place with the right mentality. And then from here, showcase your success and we will help you make it international.”

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

The specs

Price, base / as tested Dh135,000

Engine 1.6L turbo

Gearbox Six speed automatic with manual and sports mode

Power 165hp @ 6,000rpm

Torque 240Nm @ 1,400rpm 0-100kph: 9.2 seconds

Top speed 420 kph (governed)

Fuel economy, combined 35.2L / 100km (est)

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

THE CARD

2pm: Maiden Dh 60,000 (Dirt) 1,400m

2.30pm: Handicap Dh 76,000 (D) 1,400m

3pm: Handicap Dh 64,000 (D) 1,200m

3.30pm: Shadwell Farm Conditions Dh 100,000 (D) 1,000m

4pm: Maiden Dh 60,000 (D) 1,000m

4.30pm: Handicap 64,000 (D) 1,950m

'Fantastic Beasts: The Secrets of Dumbledore'

Rating: 3/5

Directed by: David Yates

Starring: Mads Mikkelson, Eddie Redmayne, Ezra Miller, Jude Law

EPL's youngest
  • Ethan Nwaneri (Arsenal)
    15 years, 181 days old
  • Max Dowman (Arsenal)
    15 years, 235 days old
  • Jeremy Monga (Leicester)
    15 years, 271 days old
  • Harvey Elliott (Fulham)
    16 years, 30 days old
  • Matthew Briggs (Fulham)
    16 years, 68 days old
Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

How to donate

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

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

Sly%20Cooper%20and%20the%20Thievius%20Raccoonus
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20Sucker%20Punch%20Productions%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Sony%20Computer%20Entertainment%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%202%20to%205%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A
BLACK%20ADAM
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Jaume%20Collet-Serra%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Dwayne%20Johnson%2C%20Sarah%20Shahi%2C%20Viola%20Davis%2C%20Pierce%20Brosnan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

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

LAST-16 EUROPA LEAGUE FIXTURES

Wednesday (Kick-offs UAE)

FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm

Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm

Inter Milan v Getafe (one leg only) 11pm

Manchester United (5) v LASK (0) 11pm 

Thursday

Bayer Leverkusen (3) v Rangers (1) 8.55pm

Sevilla v Roma  (one leg only)  8.55pm

FC Basel (3) v Eintracht Frankfurt (0) 11pm 

Wolves (1) Olympiakos (1) 11pm 

UAE - India ties

The UAE is India’s third-largest trade partner after the US and China

Annual bilateral trade between India and the UAE has crossed US$ 60 billion

The UAE is the fourth-largest exporter of crude oil for India

Indians comprise the largest community with 3.3 million residents in the UAE

Indian Prime Minister Narendra Modi first visited the UAE in August 2015

His visit on August 23-24 will be the third in four years

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, visited India in February 2016

Sheikh Mohamed was the chief guest at India’s Republic Day celebrations in January 2017

Modi will visit Bahrain on August 24-25

Team Angel Wolf Beach Blast takes place every Wednesday between 4:30pm and 5:30pm

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ETelr%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%3C%2Fstrong%3E%202014%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E65%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20and%20payments%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3Enearly%20%2430%20million%20so%20far%3C%2Fp%3E%0A
UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

'Manmarziyaan' (Colour Yellow Productions, Phantom Films)
Director: Anurag Kashyap​​​​​​​
Cast: Abhishek Bachchan, Taapsee Pannu, Vicky Kaushal​​​​​​​
Rating: 3.5/5

 

 

Day 3 stumps

New Zealand 153 & 249
Pakistan 227 & 37-0 (target 176)

Pakistan require another 139 runs with 10 wickets remaining

Dengue%20fever%20symptoms
%3Cp%3EHigh%20fever%20(40%C2%B0C%2F104%C2%B0F)%3Cbr%3ESevere%20headache%3Cbr%3EPain%20behind%20the%20eyes%3Cbr%3EMuscle%20and%20joint%20pains%3Cbr%3ENausea%3Cbr%3EVomiting%3Cbr%3ESwollen%20glands%3Cbr%3ERash%26nbsp%3B%3C%2Fp%3E%0A
Updated: October 04, 2021, 9:06 AM