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Business Extra

Author: The National UAE

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As one of the world's most influential business hubs, the Middle East requires expert attention. Business Extra provides those experts, as well as news and insights from The National's esteemed team of business editors and reporters, who are on top of the markets, technology, the energy sector and more.
195 Episodes
Covid-19 has disrupted progress towards many goals, including the 2030 Agenda for Sustainable Development and the Paris Climate Agreement. According to the World Economic Forum, the need for new ideas and collective action “has rarely been more urgent”. But how will action happen and who is leading the charge on the ‘Great Reset’ the forum’s founder, Klaus Schwab, is advocating for? Terri Toyota, a director at the forum, joins co-hosts Mustafa Alrawi and Kelsey Warner to discuss the fourth Sustainable Development Impact (SDI) Summit, being held virtually for the first time, about how the agenda came together and what comes next. In this episode: The show must go on! (0m 40s) Terri Toyota on the World Economic Forum being held remotely (1m 46s) Green recovery from Covid-19 (3m 26s) The reality of re-globalisation (5m 00s) What role does WEF play for companies? (7m 56s) Post-pandemic politics and the Impact Summit Programme (10m 14s) The new US administration and SDI (12m 51s) Headlines (14m 05s) Read more on our website: • HSBC's shares slide to 25-year low amid money laundering claims ( • US aviation regulator's engineers say proposed 737 Max fixes not enough ( • Microsoft to buy creator of Doom and Fallout games for $7.5bn (
This week on Business Extra, Kelsey Warner talks to Sudhir Syal, chief executive of BookMyShow Middle East, and Naji Al Haddad, managing director of the Global Association of the Exhibition Industry for Middle East and Africa about how Covid-19 changed the events and exhibitions industry for the foreseeable future. In this episode: How important is the events and exhibitions industry for the UAE economy? (1m 20s) The impacts of Covid-19 on in-person events (3m 44s) Role of technology in events and exhibitions (8m 20s) Will mobile tech in events last even after the pandemic? (11m 07s) The recovery of the events and exhibition industry (13m 16s) Read more on our website: • Abu Dhabi's flagship sustainability event to be held online in 2021 ( • Abu Dhabi's flagship energy event Adipec to be held virtually in 2020 ( • Physical catwalk shows to return for London Fashion Week (
Kelsey Warner and Mustafa Alwari talk to Pure Harvest’s Sky Kurtz and Dibba Bay Oysters’ Ramie Murray about opportunities for homegrown start-ups, food security and agricultural innovation in the UAE. In this episode: Dibba Bay and Pure Harvest (0m 39s) Oyster Farming in UAE (1m 31s) Expansion during the pandemic (4m 04s) Food security in the Gulf and the farm to table dream (8m 17s) Keeping food fresh sustainably (14m 42s) Headlines (19m 27s) Read more on our website: • Investcorp and China Resources take majority stake in Hong Kong food retailer ( • Riyadh and Moscow reaffirm Opec+ role in oil market stability ( • Kaspersky lowers growth outlook due to Covid-19 (
Interview courtesy of Sky News Arabia
After 15 years of working with Fortune 500 companies, governments and start-ups, Scott Smith says anyone can make sense of this age of uncertainty and act.  Host Kelsey Warner speaks to the futurist, founder of Changeist and author of How to Future: Leading and Sense-making in an Age of Hyperchange about how he maps the future. To future is a verb, not a noun. And in a year like 2020, futuring has never been more important. If futuring is something we can all do, all the time, what does that look like and how can it help us in an epochal year?   In this episode: What does a futurist do? (1m 20s) Where does future obsession come from? (2m 36s) Tools to mapping a future? (3m 40s) How does Scott Smith filter information? (19m 19s) "Bring a post it to a database fight". AI and big data (11m 40s) The best ways to communicate the results (14m 40s) Read more on our website: • Zoom’s Q2 net profit eclipses 2019 earnings as revenue surges ( • Global air cargo demand in July stable but below 2019 levels, Iata says ( • Rising odds of a Donald Trump win: investors should prepare, says JPMorgan ( • Facebook threatens to block people and publishers in Australia from sharing news (
This week, Mustafa Alrawi and Kelsey Warner talk to Fadi Adra, a partner with Strategy&, on the impact assessment his team did to help route aid to those most in need in Beirut. In this episode: The Strategy& impact assessment (0m 51s) What are the urgent needs in Beirut? (5m 05s) What do the numbers tell us about progress? (8m 40s) How did Covid affect Lebanon after the blast? (11m 21s) How are surveys helping? (13m 00s) NGO's and crisis consultation (15m 13s) Private sectors and Lebanon's rise (16m 58s) Commercial competition in space (20m 30s) Headlines (22m 20s) Read more on our website: • Two planes loaded with 30 tonnes of aid leave Dubai for Beirut ( • After Beirut blast, Tripoli hopes for a long-awaited economic boost ( • Kuwait ready to rebuild Beirut port's shattered wheat silos ( • US and China make progress on phase one trade deal ( • Qantas plans to shed another 2,500 jobs with outsourcing of ground handling in Australia ( • Aldar targets 20% reduction in greenhouse gas emissions across assets by 2025 (
The chief financial and sustainability officer is optimistic for signs of recovery by year-end. Greg Fewer, Aldar’s chief financial and sustainability officer, joins host Kelsey Warner to talk about financial results from an unprecedented second quarter. They discuss what Abu Dhabi’s biggest developer and asset manager did to manage losses at the peak of shutdown measures, and how it plans to sustain and grow in the months to come. Also in this episode, Mr Fewer shares his outlook for real estate, what sustainability means to a publicly listed company in 2020 and why Aldar is now accepting credit cards for rental payments. In this episode: How Aldar got through Q2 (0m 38s) Flexibility for tenants (6m 32s) How is Aldar moving with the times? (13m 39s) Aldar and sustainability (19m 19s) Headlines (22m 48s) Read more on our website: • Aldar Properties Q2 net profit jumps 2% on higher revenue ( • Aldar to allow customers to pay rent by credit card ( • ADQ joins forces with Adio to grow Abu Dhabi’s start-up ecosystem ( • Oracle enters race to purchase TikTok’s US business ( • BR Shetty resigns as director and co-chairman of Finablr (
This week, Nassib Ghobril, head of economic research at Lebanon’s Byblos Bank, and Massoud Derhally, The National's business editor, join host Kelsey Warner to discuss Lebanon's precarious economic future. In this episode: Hassan Diab's resignation (0m 5s) Nassib Ghobril on Lebanon's economic status (1m 13s) Lebanon since the civil war (4m 17s) IMF bailout for Lebanon (6m 39s) The new government and the financial system (12m 31s) What can we expect this year for Lebanon? (16m 09s) Read more on our website: • Beirut explosion to deepen Lebanon's economic contraction to 24%, IIF says ( • Lebanon's Solidere stocks fluctuate as Beirut bourse resumes trading after explosion ( • UN food chief: Beirut could run out of bread in under three weeks (
On this special edition of Business Extra, Kelsey Warner talks to Mohamed Al Hammadi, chief executive of the Emirates Nuclear Energy Corporation, about the Barakah nuclear power station and UAE’s nuclear energy ambitions. In this episode: On the moment Unit 1 powered on (0m 47s) How nuclear energy fits into the UAE's Energy Strategy 2050 (3m 41s) When Units 2, 3 and 4 will be ready (6m 23s) Building a local team and community in Al Dhafra (8m 47s) Lessons in leadership during Covid-19 (13m 39s) Future of nuclear energy (16m 55s) Read more on our website: • Barakah Nuclear Power Station: Energy today for UAE's tomorrows ( • UAE becomes first Arab nation to produce nuclear energy ( • Barakah: Sheikh Mohamed bin Zayed visits Arab world's first nuclear plant (
New research from Microsoft found that the expectation of the 9 to 5 is starting to slip away amid the global shift to remote work. The US tech company, which owns email service Outlook and event manager Calendar, as well as LinkedIn and search engine Bing, has one of the biggest data sets on who we are and what we do at work. It mined its trillions of data points based on emails, meetings, searches and posts to come up with its Work Trends Index. To discuss the company's findings, host Kelsey Warner is joined by Naim Yazbeck, a director for Microsoft UAE. They talk about who is being most affected by the WFH experiment, a surprising uptick in a specific emotion - empathy - and how to avoid burnout. In this episode: What have we learned from working from home? (0m 34s) Which generation finds WFH the most challenging? (8m 52s) Headlines (16m 34s) Read more on our website: • Eight in 10 people expect flexible work from home policies post Covid-19, Microsoft survey finds ( • How the pandemic is reshaping work-life balance ( • Eight in 10 people in UAE will work remotely after Covid-19, says report ( • Adnoc's logistics subsidiary eyes smart growth opportunities following shipping JV, CEO says ( • Virgin Galactic delays Richard Branson flight to space and plans new share sale ( • HSBC profit plunges as loan loss provisions soar on Covid-19 (
This week, The National's Editor-in-Chief, Mina Al-Oraibi, talks to Mustafa Alrawi about her interview with the International Energy Agency's executive director Dr Fatih Birol regarding efforts to diversify and reform Iraq's economy. In this episode: Mina on Iraq's future (0m 30s) Dr Fatih Birol about the investment environment in Iraq (4m 20s) Gas flaring and Iraq's government (5m 35s) Headlines (14m 25s) Read more on our website: • Energy and legal framework reforms will usher stability into Iraq, IEA chief says ( • Gold hits record high as haven demand rises and dollar slips ( • DP World expands with 60% stake in South Korea's Unico amid pandemic-induced volume drop ( • 'Groundswell of interest' among ESG investors in disability rights (
It seems that despite the market volatility caused by the fallout from the coronavirus pandemic that many sovereign wealth funds had learned the lesson of the last financial crisis and were nimble enough and cash-heavy enough to seize the opportunities out there. On this week's episode, Mustafa Alrawi and Kelsey Warner talk to Zainab Kufaishi, head of Middle East and Africa at Invesco. In this episode: Intro (0m 08s) Zainab Kufaishi on Invesco's annual global sovereign asset management study (1m 11s) How are sovereign funds investing now? (3m 42s) What is a good investment opportunity? (11m 04s) Headlines (19m 54s) Read more on our website: • Middle East sovereign funds go bargain hunting as pandemic hits asset values ( • Siemens Energy to invest more in renewables, CEO says ( • Mubadala's aerospace unit seeks opportunities in health technology ( • Global giants Microsoft, Nike and Unilever announce carbon-neutral group (
This week, hosts Mustafa Alrawi and Kelsey Warner discuss a third wave of economic stimulus for Dubai as signs of a rebound in commercial activity emerge and the emirate pushes to return business to normal as soon as possible.   In a new book, the World Economic Forum's founder Klaus Schwab asks if there can even be a return to normal as the pandemic reveals a collective desire for change. Haider Ali Khan, chief executive of property portal Bayut, joins to talk about the company's future plans. In this episode: Dubai's new economic stimulus (0m 40s) Covid-19: The great reset (7m 01s) Bayut x Dubizzle merger (12m 13s) Read more on our website: • Dubai government boosts economic stimulus to Dh6.3bn ( • Coronavirus: world 'must reset or risk violent shocks', says Davos founder ( • Tie-up of Bayut parent company and OLX testament to Dubai’s resilience ( • Google to invest $10bn in India to accelerate digital economy ( • Emirates to slash up to 9,000 jobs due to Covid-19 but airline better off than others ( • Neom moves forward with second batch of payments to property owners (
For Google, it’s what you search for, what you watch on YouTube, the directions you prompt in Google Maps, that make it one of the biggest advertising juggernauts on Earth. Selling advertising spots across these channels made up 82% of Google parent company Alphabet’s first quarter revenue this year, $33.8 billion.  While advertisers are expected to have spent less in Q2 amid the Covid-19 pandemic, analysts say the world jumped five years ahead in tech adoption in just 8 weeks as we moved to remote working and learning. That’s good news for Google. In the words of Lino Cattaruzzi, Google’s regional director in the Middle East and Africa, “online became a lifeline”. On this week's edition of Business Extra, Kelsey Warner and Mustafa Alrawi talk to Lino about everything Google. In this episode: Intro (0m 06s) Google's role in a recovery (1m 08s) The relationship between business and user data insights (9m 21s) What is it like working remotely at Google? (17m 43s)
How will we fly again? That is the question as the UAE and other countries in the Middle East grapple with loosening Covid-19 related travel restrictions. Airlines have been in survival mode these past few months. Now they must take to the skies again… This week, Mustafa Alrawi and Kelsey Warner talk to Muhammad Albakri, VP Africa & Middle East at the International Air Transport Association, about the future of flying. In this episode: Muhammad Albakri on the future of air travel (0m 43s) Will air travel be affordable again? (12m 26s) Headlines (23m 23s) Read more on our website: • Global airlines body outlines alternatives to quarantine ( • Global long-haul air travel unlikely to recover to pre-crisis levels before 2023 ( • Iata's interactive travel map shows which countries are open and where flights are operating ( • Chesapeake files for bankruptcy as collapse in energy prices bites ( • A merged NCB-Samba bank would be Saudi Arabia's biggest lender 'by some way', says EFG Hermes ( • Mark Zuckerberg's wealth plunges by $7bn as companies boycott Facebook ads ( • Here is the growing list of companies boycotting Facebook (
Can there be winners in a global pandemic? For people, certainly not. But businesses can tell a different story - and Amazon is certainly one. With more customers at home and shopping online, Amazon’s e-commerce sales are booming. Remote work has also boosted demand for its cloud computing services - which accounted for three-quarters of its operating profit in the first quarter, with AWS holding about a third of global market share, trouncing its nearest competitor, Microsoft. Host Kelsey Warner is joined this week by Ronaldo Mouchawar, VP of Amazon Mena, to talk about navigating the Covid-19 pandemic amid record demand. In this episode: Will Coronavirus make Jeff Bezos a trillionaire? (0m 07s) Ronaldo Mouchawar on demand during Covid-19 (1m 12s) Headlines (17m 52s) Read more on our website: • Amazon Mena increases workforce by 30% to meet demand ( • Adnoc CFO says previous pipelines deal served as springboard for record $20bn valuation ( • Record $20.7bn investment deal for Adnoc's gas pipelines ( • Adnoc's $10 billion windfall shows 'UAE attractive as top FDI destination amid pandemic' ( • Former Abraaj executive Vettivetpillai consents to US extradition (
Six of the world’s leading investors, a total deal value of $20.7 billion, upfront proceeds of $10 billion. The Abu Dhabi National Oil Company has secured the biggest ever energy infrastructure deal in the region. Also one of the largest foreign direct investments in recent years, all amid a global pandemic. This week on a special edition of Business Extra, Mustafa Alrawi talks to Ahmed Al Zaabi, CFO at Adnoc. Read more on our website: • Record $20.7bn investment deal for Adnoc's gas pipelines ( • Adnoc's $10 billion windfall shows 'UAE attractive as top FDI destination amid pandemic' ( • Adnoc CFO says previous pipelines deal served as springboard for record $20bn valuation (
The new reality for the world’s biggest oil producing countries and companies is being formed as the coronavirus pandemic alters projections for demand and consumption trends change. As UAE Energy Minister Suhail Al Mazrouei alluded to this week no one could have predicted the future would arrive so quickly for the industry.  Mustafa Alrawi and Kelsey Warner talks to The National's energy correspondent, Jennifer Gnana, about UAE's energy Minister Suhail Al Mazrouei statements and the future of the energy industry. In this episode: The aftermath of the coronavirus and Suhail Al Mazrouei (0m 41s) The changes in the energy industry (2m 42s) How are drones going to help during coronavirus? (14m 35s) Headlines (18m 06s) Read more on our website: • UAE oil output capacity reached 4.2m bpd in April, energy minister says ( • BP to write off up to $17.5bn as it lowers long-term oil price projections ( • Apicorp slashes five-year regional energy investment outlook by 18% ( • Will drones be ready for last-mile Covid-19 vaccine delivery? ( • Careem sees signs of recovery from Covid-19 hit as $50m Super App set to lift earnings ( • India’s economy set to make robust recovery in next fiscal year, S&P says ( • Abraaj former CEO stole $385m from the firm, liquidators say (
One of the biggest casualties of the Covid-19 pandemic has been jobs. Lockdowns and travel bans have put unprecedented pressure on the global labour market, with tens of millions of people affected. With a front-row seat to the life of the white collar worker, is LinkedIn, the world’s largest professional networking platform. In the UAE, about half of adults - 4 million people - are members of the site. LinkedIn crunched the numbers on job postings and new hires. It says there are reasons for cautious optimism as we enter a new normal. This week, Mustafa Alrawi and Kelsey Warner talk to Ali Matar, LinkedIn's head of Europe, Middle East and Africa emerging markets. In this episode: LinkedIn on emerging markets, job postings and hiring after the Covid hit (01m 00s) What has changed in Q2 compared to last year? (07m 26s) Headlines (13m 52s) Read more on our website: • Dubai among five best global cities to find a job in 2020 ( • UAE employee productivity stays on track amid home working shift ( • Dubai and Abu Dhabi deflation makes cities cheaper in global ranking ( • Abu Dhabi Investment Authority takes Dh2.76bn stake in Reliance Industries' Jio Platforms ( • Dubai's non-oil private sector economy starts to recover in May as restrictions ease (
Covid-19 has forced rapid transformation for healthcare providers and their patients. Host Kelsey Warner, future editor at The National is joined by Omar Fikree, the acting CEO of Abu Dhabi Telemedicine Centre and a VP at Mubadala Health Care as well as Sophie Smith, founder and CEO of Nabta Health in Sharjah, a healthcare platform for women, that provides personalised care using machine learning. They will discuss the future of healthcare, the way Covid-19 has given telemedicine a new lease of life and how AI can personalise healthcare as well as streamline costs. In this epsiode: Mubadala's Omar Fikree on telemedicine services (1m 01s) Sophie Smith on investment trends and health tech(2m 56s) The learning curve (5m 05s) Women's Healthcare and patient triage (9m 30s) Headlines (18m 36s) Read more on our website: • Coronavirus: hundreds of Covid-19 patients in Abu Dhabi receive home care as part of online scheme ( • Mubadala looks to boost investment in medical technology and life sciences ( • Robots reduce risk for Rwandan medical workers ( • WHO fears 'silent' virus epidemic unless Africa prioritises testing (
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