G7 summit: leaders target gold and oil in squeeze on Russian economy


Tim Stickings
  • English
  • Arabic

G7 leaders began their three-day summit on Sunday by announcing sanctions on Russian gold and weighing more measures on oil to ensure that soaring prices do not give Moscow an economic advantage.

The talks between the leaders of Germany, Britain, France, Italy, the US, Canada and Japan at a retreat in the Bavarian Alps will be dominated by the invasion of Ukraine that is now in its fifth month despite western sanctions against Russia.

Behind the handshakes and heavy security, there are differing opinions within the club of rich democracies over how hard to squeeze Russia before the measures become too much of a burden on the countries imposing them.

Although one line of thinking among officials is that sanctions will become more potent as Russia’s military and economy are denied resources to rebuild, sceptics said they have not achieved the goal of forcing a change of heart.

US President Joe Biden is floating the idea of a price cap on Russian oil to toughen sanctions and avoid a situation where the Kremlin receives more money for fewer exports because of the runaway price of fuel.

American diplomats suggested that this could be done by blacklisting oil tankers if the fuel they are carrying is above the price cap, meaning they could not receive shipping insurance.

The US is “looking for ways to minimise the effect of rising oil prices and the profits that Mr Putin continues to get from those oil prices”, said national security spokesman John Kirby, referring to the Russian president.

  • Britain's Prime Minister Boris Johnson, US President Joe Biden, German Chancellor Olaf Scholz, France's President Emmanuel Macron and Italian Prime Minister Mario Draghi chat before their meeting at Elmau Castle on Tuesday morning. Getty Images
    Britain's Prime Minister Boris Johnson, US President Joe Biden, German Chancellor Olaf Scholz, France's President Emmanuel Macron and Italian Prime Minister Mario Draghi chat before their meeting at Elmau Castle on Tuesday morning. Getty Images
  • Olaf Scholz speaks at a press conference at Elmau Castle. EPA
    Olaf Scholz speaks at a press conference at Elmau Castle. EPA
  • Joe Biden waves as he crosses the tarmac next to Air Force One at Munich International Airport. The US president is leaving Germany on his way to Spain to attend a Nato summit. AP
    Joe Biden waves as he crosses the tarmac next to Air Force One at Munich International Airport. The US president is leaving Germany on his way to Spain to attend a Nato summit. AP
  • Boris Johnson speaks to press at the G7 summit. PA
    Boris Johnson speaks to press at the G7 summit. PA
  • Emmanuel Macron holds a press conference at Elmau Castle. AFP
    Emmanuel Macron holds a press conference at Elmau Castle. AFP
  • Vans equipped with electronic detection devices are stationed in front of Elmau Castle, where the G7 summit is taking place. AFP
    Vans equipped with electronic detection devices are stationed in front of Elmau Castle, where the G7 summit is taking place. AFP
  • Boris Johnson makes a point during a meeting with the Prime Minister of Japan Fumio Kishida. PA
    Boris Johnson makes a point during a meeting with the Prime Minister of Japan Fumio Kishida. PA
  • Clockwise from centre: Olaf Scholz; Joe Biden; Boris Johnson; Fumio Kishida; European Commission President Ursula von der Leyen, European Council President Charles Michel; Mario Draghi; Canada's Prime Minister Justin Trudeau, and Emmanuel Macron listen to an online address by Ukraine's President Volodymyr Zelenskyy at the G7 summit in Bavaria. Reuters
    Clockwise from centre: Olaf Scholz; Joe Biden; Boris Johnson; Fumio Kishida; European Commission President Ursula von der Leyen, European Council President Charles Michel; Mario Draghi; Canada's Prime Minister Justin Trudeau, and Emmanuel Macron listen to an online address by Ukraine's President Volodymyr Zelenskyy at the G7 summit in Bavaria. Reuters
  • Volodymyr Zelenskyy attends a working session of G7 leaders via video link from Kyiv, Ukraine. Reuters
    Volodymyr Zelenskyy attends a working session of G7 leaders via video link from Kyiv, Ukraine. Reuters
  • Olaf Scholz waves alongside G7 leaders and participants of the outreach programme as they pose for a 'family photo' at the Bavarian resort of Schloss Elmau. Reuters
    Olaf Scholz waves alongside G7 leaders and participants of the outreach programme as they pose for a 'family photo' at the Bavarian resort of Schloss Elmau. Reuters
  • Emmanuel Macron greets India's Prime Minister Narendra Modi during the official welcome ceremony of G7 leaders. AP
    Emmanuel Macron greets India's Prime Minister Narendra Modi during the official welcome ceremony of G7 leaders. AP
  • G7 leaders meet outreach guests at the summit. Reuters
    G7 leaders meet outreach guests at the summit. Reuters
  • Boris Johnson speaks to Charles Michel. PA
    Boris Johnson speaks to Charles Michel. PA
  • Amelie Derbaudrenghien, Britta Ernst, Carrie Johnson and Brigitte Macron at Elmauer Alm Mountain Restaurant. Reuters
    Amelie Derbaudrenghien, Britta Ernst, Carrie Johnson and Brigitte Macron at Elmauer Alm Mountain Restaurant. Reuters
  • G7 leaders Olaf Scholz and Justin Trudeau talk a walk at Elmau Castle in Bavaria. EPA
    G7 leaders Olaf Scholz and Justin Trudeau talk a walk at Elmau Castle in Bavaria. EPA
  • European Council President Charles Michel greets Japanese Prime Minister Fumio Kishida on the sidelines of the G7 summit at Castle Elmau in Bavaria. AP
    European Council President Charles Michel greets Japanese Prime Minister Fumio Kishida on the sidelines of the G7 summit at Castle Elmau in Bavaria. AP
  • Horseback police patrol at Elmau Castle in Bavaria. EPA
    Horseback police patrol at Elmau Castle in Bavaria. EPA
  • G7 leaders have dinner at Elmau Castle in Kruen, Germany. Clockwise from front left, European Council President Charles Michel, Italy's Prime Minister Mario Draghi, Canada's Prime Minister Justin Trudeau, French President Emmanuel Macron, German Chancellor Olaf Scholz, US President Joe Biden, British Prime Minister Boris Johnson, Japan's Prime Minister Fumio Kishida and European Commission President Ursula von der Leyen. AP
    G7 leaders have dinner at Elmau Castle in Kruen, Germany. Clockwise from front left, European Council President Charles Michel, Italy's Prime Minister Mario Draghi, Canada's Prime Minister Justin Trudeau, French President Emmanuel Macron, German Chancellor Olaf Scholz, US President Joe Biden, British Prime Minister Boris Johnson, Japan's Prime Minister Fumio Kishida and European Commission President Ursula von der Leyen. AP
  • From left, Mr Draghi, Ms von der Leyen, Mr Biden, Mr Scholz, Mr Johnson, Mr Trudeau, Mr Kishida, Mr Macron and Mr Michel. AFP
    From left, Mr Draghi, Ms von der Leyen, Mr Biden, Mr Scholz, Mr Johnson, Mr Trudeau, Mr Kishida, Mr Macron and Mr Michel. AFP
  • Flowers for President Alberto Fernandez of Argentina at Munich Airport as he arrives to take part in the G7 summit in Bavaria. AFP
    Flowers for President Alberto Fernandez of Argentina at Munich Airport as he arrives to take part in the G7 summit in Bavaria. AFP
  • Elmau Castle in southern Germany, the venue for the G7 summit. AFP
    Elmau Castle in southern Germany, the venue for the G7 summit. AFP
  • The view from a German armed forces helicopter on its way to the G7 summit at Elmau Castle. AFP
    The view from a German armed forces helicopter on its way to the G7 summit at Elmau Castle. AFP
  • Gazing out from the helicopter. AFP
    Gazing out from the helicopter. AFP
  • In Berlin, campaigners sit near a sign reading 'G7: Who owes who?' at the Ministry of Finance building to demand debt relief for countries of the global south. Reuters
    In Berlin, campaigners sit near a sign reading 'G7: Who owes who?' at the Ministry of Finance building to demand debt relief for countries of the global south. Reuters
  • From left, Mr Michel, Mr Draghi, Mr Trudeau, Mr Macron, Mr Scholz, Mr Biden, Mr Johnson, Mr Kishida and Ms von der Leyen at the summit at Elmau Castle. EPA
    From left, Mr Michel, Mr Draghi, Mr Trudeau, Mr Macron, Mr Scholz, Mr Biden, Mr Johnson, Mr Kishida and Ms von der Leyen at the summit at Elmau Castle. EPA
  • Mr Draghi talks with Mr Biden. EPA
    Mr Draghi talks with Mr Biden. EPA
  • Mr Scholz shakes hands with Mr Kishida. EPA
    Mr Scholz shakes hands with Mr Kishida. EPA
  • Mr Johnson, Mr Scholz and Mr Biden. AFP
    Mr Johnson, Mr Scholz and Mr Biden. AFP
  • A worker cleans the red carpet at Elmau Castle in the Bavarian mountains. AFP
    A worker cleans the red carpet at Elmau Castle in the Bavarian mountains. AFP
  • Mr Kishida leads the Japanese delegation. AFP
    Mr Kishida leads the Japanese delegation. AFP
  • The G7 logo at Elmau Castle. AFP
    The G7 logo at Elmau Castle. AFP
  • Mr Biden and Mr Macron. AP
    Mr Biden and Mr Macron. AP
  • The leaders at a photocall. Reuters
    The leaders at a photocall. Reuters
  • Mr Biden walks with Ms von der Leyen and Mr Michel. Reuters
    Mr Biden walks with Ms von der Leyen and Mr Michel. Reuters
  • Former German alpine ski racer Christian Neureuther, British Prime Minister's wife Carrie Johnson, former German biathlete Miriam Neureuther, French President's wife Brigitte Macron, German Chancellor's wife Britta Ernst and European Council President's wife Amelie Derbaudrenghien take part in a Nordic Walk as part of the spouses' programme. Reuters
    Former German alpine ski racer Christian Neureuther, British Prime Minister's wife Carrie Johnson, former German biathlete Miriam Neureuther, French President's wife Brigitte Macron, German Chancellor's wife Britta Ernst and European Council President's wife Amelie Derbaudrenghien take part in a Nordic Walk as part of the spouses' programme. Reuters
  • Mr Macron, Mr Biden, Ms von der Leyen and Mr Trudeau. AP
    Mr Macron, Mr Biden, Ms von der Leyen and Mr Trudeau. AP
  • Mr Draghi, Mr Trudeau, Mr Michel, Mr Scholz and Mr Johnson. AFP
    Mr Draghi, Mr Trudeau, Mr Michel, Mr Scholz and Mr Johnson. AFP
  • Ms von der Leyen chats with Mr Trudeau. AFP
    Ms von der Leyen chats with Mr Trudeau. AFP
  • Mr Biden is welcomed by Mr Scholz and his wife Britta Ernst. AP
    Mr Biden is welcomed by Mr Scholz and his wife Britta Ernst. AP
  • The leaders get down to business. AP
    The leaders get down to business. AP
  • Mr Scholz and Ms Ernst welcome the Macrons. Reuters
    Mr Scholz and Ms Ernst welcome the Macrons. Reuters
  • Mr Macron, Mr Biden and Ms von der Leyen. AP
    Mr Macron, Mr Biden and Ms von der Leyen. AP
  • Mr Scholz greets Mr and Mrs Johnson. PA
    Mr Scholz greets Mr and Mrs Johnson. PA
  • Mr Scholz and Ms Ernst welcome Ms von der Leyen to Elmau Castle. AFP
    Mr Scholz and Ms Ernst welcome Ms von der Leyen to Elmau Castle. AFP
  • Mr Johnson meets Mr Trudeau. PA
    Mr Johnson meets Mr Trudeau. PA
  • A helicopter flies over the G7 venue. AP Photo
    A helicopter flies over the G7 venue. AP Photo

European countries have said they are willing to discuss the idea, but are wary of charging back into the oil sanctions debate weeks after fractious talks on an embargo tested western unity over Ukraine.

The EU, also represented at the summit, eventually agreed an oil embargo last month but only after conceding to Hungary that pipeline deliveries were exempt and offering grace periods to other countries.

Government sources in Germany, which holds the G7’s rotating presidency and is hosting the summit at the Schloss Elmau resort, about 105 kilometres south of Munich, said talks were looking at how a price cap could work and how EU sanctions could align with those of its partners.

German Chancellor Olaf Scholz suggested the net might have to be cast wider than the G7 because “only something that everyone does together can work”.

Ukraine conflict — in pictures

  • Ukrainian servicemen in a shelter at the frontline near Kharkiv. AP
    Ukrainian servicemen in a shelter at the frontline near Kharkiv. AP
  • A Ukrainian and his puppy in the Donetsk region. AP
    A Ukrainian and his puppy in the Donetsk region. AP
  • Australian Prime Minister Anthony Albanese, third left, is shown apartment buildings damaged by Russian shelling during his visit to Irpin on the outskirts of Kyiv. AP
    Australian Prime Minister Anthony Albanese, third left, is shown apartment buildings damaged by Russian shelling during his visit to Irpin on the outskirts of Kyiv. AP
  • Rescue specialists work at the site of a destroyed residential building after blasts in Belgorod, Russia. Reuters
    Rescue specialists work at the site of a destroyed residential building after blasts in Belgorod, Russia. Reuters
  • A woman lays flowers during a demonstration against the invasion of Ukraine in front of the Palais des Nations, in Geneva, Switzerland. EPA
    A woman lays flowers during a demonstration against the invasion of Ukraine in front of the Palais des Nations, in Geneva, Switzerland. EPA
  • A woman injured when her house was damaged by the Russian shelling sits in the yard of her house, in Bakhmut, Ukraine. AP
    A woman injured when her house was damaged by the Russian shelling sits in the yard of her house, in Bakhmut, Ukraine. AP
  • Local residents stand next to a damaged residential building in the town of Serhiivka, about 50 kilometres south-west of Odesa, Ukraine. AP
    Local residents stand next to a damaged residential building in the town of Serhiivka, about 50 kilometres south-west of Odesa, Ukraine. AP
  • Viktor Shevchenko stands in a crater to show its depth after a Russian shelling in the Saltivka district in Kharkiv. AP
    Viktor Shevchenko stands in a crater to show its depth after a Russian shelling in the Saltivka district in Kharkiv. AP
  • An image taken from a video provided by the Ukrainian Presidential Press Office purports to show the moment a missile struck the shopping mall in Kremenchuk. AP
    An image taken from a video provided by the Ukrainian Presidential Press Office purports to show the moment a missile struck the shopping mall in Kremenchuk. AP
  • People watch as smoke rises after a Russian missile strike hit a crowded shopping mall, in Kremenchuk. AP
    People watch as smoke rises after a Russian missile strike hit a crowded shopping mall, in Kremenchuk. AP
  • Firefighters clean the rubble of the destroyed Amstor shopping mall in Kremenchuk. EPA
    Firefighters clean the rubble of the destroyed Amstor shopping mall in Kremenchuk. EPA
  • A woman cries after the body of her husband, who was killed in the yard of an apartment building during shelling, was loaded into an ambulance in Kharkiv, Ukraine. AP
    A woman cries after the body of her husband, who was killed in the yard of an apartment building during shelling, was loaded into an ambulance in Kharkiv, Ukraine. AP
  • Firefighters and rescue workers at the destroyed Amstor shopping mall. EPA
    Firefighters and rescue workers at the destroyed Amstor shopping mall. EPA
  • Rescuers work at the site of a shopping mall hit by a Russian missile strike, in Kremenchuk. Reuters
    Rescuers work at the site of a shopping mall hit by a Russian missile strike, in Kremenchuk. Reuters
  • A couple wounded by a Russian missile strike hold hands in a hospital, in Kremenchuk. Reuters
    A couple wounded by a Russian missile strike hold hands in a hospital, in Kremenchuk. Reuters
  • People wait to receive humanitarian aid in front of a residential building damaged during a Russian attack in Borodyanka, Ukraine. EPA
    People wait to receive humanitarian aid in front of a residential building damaged during a Russian attack in Borodyanka, Ukraine. EPA
  • Ukrainian servicemen take a bus to their positions near Severodonetsk, in Luhansk area. EPA
    Ukrainian servicemen take a bus to their positions near Severodonetsk, in Luhansk area. EPA
  • A Ukrainian service member and a dog in the industrial area of the city of Severodonetsk. Reuters
    A Ukrainian service member and a dog in the industrial area of the city of Severodonetsk. Reuters
  • A couple sits in front of a residential building that was damaged during a Russian attack, in Borodyanka. EPA
    A couple sits in front of a residential building that was damaged during a Russian attack, in Borodyanka. EPA
  • Local residents receive humanitarian aid in Borodyanka. EPA
    Local residents receive humanitarian aid in Borodyanka. EPA
  • A Ukrainian armed forces tank in Severodonetsk. Reuters
    A Ukrainian armed forces tank in Severodonetsk. Reuters
  • Ukrainian service members walk past a damaged car in Severodonetsk. Reuters
    Ukrainian service members walk past a damaged car in Severodonetsk. Reuters
  • A giant Ukrainian flag is held up during the benefit concert 'Embrace Ukraine' on the Museumplein in Amsterdam. The free event will raise money for victims of the war in Ukraine and the purchase of mobile X-ray equipment that the country needs. EPA
    A giant Ukrainian flag is held up during the benefit concert 'Embrace Ukraine' on the Museumplein in Amsterdam. The free event will raise money for victims of the war in Ukraine and the purchase of mobile X-ray equipment that the country needs. EPA
  • A fire from a gas processing plant continues to burn behind a field of wheat after it was hit by shelling a few days earlier in Andriivka, in the Kharkiv region. Reuters
    A fire from a gas processing plant continues to burn behind a field of wheat after it was hit by shelling a few days earlier in Andriivka, in the Kharkiv region. Reuters
  • An onlooker takes in the damage from overnight shelling on Kharkiv's Housing and Communal College. Reuters
    An onlooker takes in the damage from overnight shelling on Kharkiv's Housing and Communal College. Reuters
  • A destroyed tank in the village of Novoselivka, outside Chernigiv. AFP
    A destroyed tank in the village of Novoselivka, outside Chernigiv. AFP
  • A man decorates a toy cabin for children made from used ammunition crates in the village of Novoselivka, outside Chernigiv. AFP
    A man decorates a toy cabin for children made from used ammunition crates in the village of Novoselivka, outside Chernigiv. AFP
  • An internal view of the Housing and Communal College building damaged by recent shelling in Kharkiv. EPA
    An internal view of the Housing and Communal College building damaged by recent shelling in Kharkiv. EPA

One EU official said the stand-off with Hungary had shown it was right to take time over sanctions and that there was no intention to reopen its sixth package.

Nonetheless, amendments could be made to address loopholes in the package, which did venture into the insurance market to weaken Russia’s ability to sell oil to other countries.

The US announced an oil and gas embargo in March, while Britain said it would end oil imports by the end of the year. The EU moved more slowly because many of its members rely on Russian fuel imports.

The EU official said the G7 had a particularly important role this year because the other main club of wealthy countries, the G20, includes Russia and therefore can hardly act unanimously to punish the Kremlin.

Four G7 members — the UK, US, Japan and Canada — announced an embargo on Russian gold, with Britain saying it would stop Kremlin-friendly oligarchs from buying bullion to get around sanctions.

“We need to starve the Putin regime of its funding. The UK and our allies are doing just that,” said Britain’s Prime Minister Boris Johnson, who is expected to urge France and Germany to toughen their stances on Russia.

The G7 agreed at talks in March that they would home in on gold transactions by Russia’s central bank but had not announced a full import ban.

European Council President Charles Michel said the EU was willing to consider tackling gold via its more laborious sanctions process. Gold exports are worth about $15.5 billion a year to the Russian economy, according to customs data.

UK Chancellor of the Exchequer Rishi Sunak said Britain’s intervention was significant given London’s prominent role in the gold market.

G7 leaders are expected to adopt separate conclusions on Ukraine in addition to their main communique, in what German officials hope will be a show of solidarity with the country.

Leaders will return to the issue of Ukraine on Monday when President Volodymyr Zelenskyy is scheduled address the summit online.

The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

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

Karwaan

Producer: Ronnie Screwvala

Director: Akarsh Khurana

Starring: Irrfan Khan, Dulquer Salmaan, Mithila Palkar

Rating: 4/5

8 traditional Jamaican dishes to try at Kingston 21

  1. Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
  2. Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
  3. Mento Oxtail: flavoured oxtail stewed for five hours with herbs
  4. Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
  5. Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
  6. Jamaican beef patty: a pastry with ground beef filling
  7. Hellshire Pon di Beach: Fresh fish with pickles
  8. Out of Many: traditional sweet potato pudding
10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

Honeymoonish
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Elie%20El%20Samaan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENour%20Al%20Ghandour%2C%20Mahmoud%20Boushahri%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
The biog:

From: Wimbledon, London, UK

Education: Medical doctor

Hobbies: Travelling, meeting new people and cultures 

Favourite animals: All of them 

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Letswork%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EOmar%20Almheiri%2C%20Hamza%20Khan%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20co-working%20spaces%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%242.1%20million%20in%20a%20seed%20round%20with%20investors%20including%20500%20Global%2C%20The%20Space%2C%20DTEC%20Ventures%20and%20other%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20about%2020%3C%2Fp%3E%0A
Health Valley

Founded in 2002 and set up as a foundation in 2006, Health Valley has been an innovation in healthcare for more than 10 years in Nijmegen, the Netherlands.
It serves as a place where companies, businesses, universities, healthcare providers and government agencies can collaborate, offering a platform where they can connect and work together on healthcare innovation.
Its partners work on technological innovation, new forms of diagnostics and other methods to make a difference in healthcare.
Its agency consists of eight people, four innovation managers and office managers, two communication advisers and one director. It gives innovation support to businesses and other parties in its network like a broker, connecting people with the right organisation to help them further

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

Profile of VoucherSkout

Date of launch: November 2016

Founder: David Tobias

Based: Jumeirah Lake Towers

Sector: Technology

Size: 18 employees

Stage: Embarking on a Series A round to raise $5 million in the first quarter of 2019 with a 20 per cent stake

Investors: Seed round was self-funded with “millions of dollars” 

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 biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

Q&A with Dash Berlin

Welcome back. What was it like to return to RAK and to play for fans out here again?
It’s an amazing feeling to be back in the passionate UAE again. Seeing the fans having a great time that is what it’s all about.

You're currently touring the globe as part of your Legends of the Feels Tour. How important is it to you to include the Middle East in the schedule?
The tour is doing really well and is extensive and intensive at the same time travelling all over the globe. My Middle Eastern fans are very dear to me, it’s good to be back.

You mix tracks that people know and love, but you also have a visually impressive set too (graphics etc). Is that the secret recipe to Dash Berlin's live gigs?
People enjoying the combination of the music and visuals are the key factor in the success of the Legends Of The Feel tour 2018.

Have you had some time to explore Ras al Khaimah too? If so, what have you been up to?
Coming fresh out of Las Vegas where I continue my 7th annual year DJ residency at Marquee, I decided it was a perfect moment to catch some sun rays and enjoy the warm hospitality of Bab Al Bahr.

 

Updated: June 27, 2022, 11:17 AM