Dubai’s airport, a gauge of global air travel, experiences higher than pre-pandemic levels of traffic.

Dubai International Airport, the busiest airport in the world for international travel, reported serving 41.6 million passengers on Tuesday, exceeding numbers for the same period in 2019 when visitors resumed flying following the coronavirus pandemic’s lockdowns.

The airport in Dubai, which is the long-haul airline Emirates’ home base, has long acted as a gauge for the global aviation business. The International Air Transport Association’s statistics, according to which global traffic is at 94% of pre-COVID levels, are reflected in the new numbers at the DXB airport.

“Dubai International Airport has once again confirmed that it is the world’s busiest international airport for the ninth year running with a very, very strong first half,” Paul Griffiths, the CEO of Dubai Airports.

The most crucial element of that is that we have attained all of our pre-pandemic levels, which were the same levels seen in the first half of 2019.
Due to the airlines’ newly operational additional planes and routes, the 41.6 million passengers represent an increase of about 50% above the 27.9 million passengers seen at this time last year.

India, Saudi Arabia, the United Kingdom, and Pakistan are the airport’s usual travel destinations, and they have mostly led passenger traffic this year. Russia has also been a significant market because Dubai is one of the few locations that still welcomes Russians despite Moscow’s conflict with Ukraine.

One of the first places to reopen to tourists following the outbreak was Dubai. The world’s tallest building, the Burj Khalifa, and the opulent, sail-shaped Burj Al-Arab hotel served to bolster the city-state’s tourism business by luring tourists and transit customers away from airport lounges.With 8.55 million foreign tourists, Dubai topped its pre-pandemic, half-year tourism numbers this year. During that time, Dubai hotels experienced an average occupancy rate of 78%, placing it among the top travel destinations in the globe.

Pre-pandemic, we observed 60% transit and 40% point to point, but that has since been reversed, according to Griffiths. “As of right now, 40% of that traffic is transit and 60% is point-to-point traffic. That makes for a pretty noteworthy statistic that supports the appeal of Dubai as very strong destination for tourist.

Globally, Hartsfield-Jackson Atlanta International Airport continues to be the busiest airport for passengers.

In 2022, Emirates experienced its most prosperous year ever, earning $2.9 billion thanks to a resurgence in demand for its long-haul Boeing 777s and double-decker Airbus A380s. At DXB, the average amount of passengers per flight has increased to 214 since the A380’s return, according to Griffiths.According to Griffiths, the airport has increased its estimated passenger numbers for 2023 to 85 million, narrowly falling short of the 86.3 million passengers it saw in yearly traffic in 2019. Before the pandemic, 2018, when 89.1 million people used the airport, it was the busiest year ever. In 2022, 66 million people traveled via DXB.

However, the quick commerce also brings to light a significant problem that Dubai International Airport had forgotten about during the pandemic—it is surrounded. The airport is located in the northern part of Dubai, bordered to the east and west by two major thoroughfares and huge residential areas to the north and south. This makes it impossible to increase the size of the two-runway airfield.

“We are landlocked on all four sides,” Griffiths said of DXB, “because I remember back to the ’60s when this airport was a very modest single runway field, no one really recognized at that time the massive expansion” coming.” “I think it’s a credit to the work we’ve done that we were able to generate real estate within that landlocked site, which has grown to be the busiest international airport  worldwide.

He said that the airport had plans to invest up to $2.7 billion on its three terminals’ expansion and modernization as well as an increase in the number of distant aircraft parking spots on the apron. According to him, these advancements “will probably keep us in good shape for the next 12 to 13 years.”
Massive works at Al Maktoum International Airport at Dubai World Central, the city-state’s secondary airport located some 28 miles away in its far southern regions, would most likely be delayed as a result. The second airport, which opened in 2010, primarily handles freight and private aircraft flights, despite being used by commercial carriers when Qatar hosted the FIFA World Cup in 2022.

Currently, 104 countries and 257 destinations are served by Dubai International Airport.

The Hidden Gems of Dubai You Simply Must Explore

Dubai is a melting pot of cultures and experiences. It is a stunning city with futuristic architecture and excessive luxury. Despite having well-known landmarks like the Burj Khalifa and Palm Jumeirah, Dubai also has a wealth of lesser-known hidden jewels that are just waiting to be discovered. Going off the beaten road and learning about this enchanted city’s essence is a completely other experience, filled with enticing art galleries and peaceful oasis.

Shopping at Dubai Mall, admiring the Dubai Frame, strolling along the Dubai Marina, and spending the day at the renowned Dubai Museum are just a few of the well-known experiences that can be had when visiting Dubai. There are a number of lesser-known activities in Dubai that you absolutely must do, which are highly recommended for experiencing as many as you can.

  1. Dubai Coffee Museumdubai coffee museum

    Coffee lovers will find paradise at the Dubai Coffee Museum, which is located in the Al Fahidi district. Explore the museum’s artifacts and exhibits as you enjoy the delectable flavor and alluring aroma of this renowned traditional beverage. Discover the history of the best coffee in the world, from traditional Emirati coffee to coffee from Ethiopia.

    Learn about the history of coffee, the many brewing methods, and the significance of coffee in Emirati culture. After the tour, relax with a hot cup of freshly brewed coffee in the museum’s little café to get a feel for the true Arabian hospitality.

  2. Art Galleries In Dubai – Alserkal Avenuealserkal avenue dubai

    Beyond its gleaming skyscrapers, Dubai has a bustling art scene. Get lost in a world of expression and creativity by visiting the city’s many art galleries. A must-see location for art fans is Alserkal Avenue in Al Quoz, where a number of modern art galleries present cutting-edge works by national and international artists.

    These galleries provide a singular window into the creative energy of Dubai, showcasing anything from thought-provoking installations to engaging exhibitions.
    Discover emerging artists, attend captivating shows, and unite with the vivacious atmosphere that permeates this haven for the arts.

    While touring the vibrant Al Quoz area, stop at Alserkal Avenue, an innovative arts and cultural district that has transformed old warehouses into creative spaces. Dubai’s abundance of contemporary art galleries, design studios, and live performance spaces to promote innovation.

  3. Al Qudra Oasis & Al Qudra Lakesal qudra lakes

    Al Qudra Oasis is a place in Dubai that is outside the city. In stark contrast to the skyline of the city center, it offers a tranquil and soothing environment. Take a leisurely stroll down the roads that are bordered with date palm trees and flowers to take in the peace and quiet that nature has to offer.

    The Al Qudra Lakes are a pair of man-made lakes in the shape of hearts that are close to an oasis that attracts migratory birds. Despite being artificial, these lakes offer a tranquil setting close to the bustling city life. The unusual man-made lakes, which are fashioned like two intertwined hearts, lend a charming touch to the barren desert landscape. The Dubai Municipality also protects the desert in very environment friendly way.

  4. Indoor Ski Resorts – Ski Dubaiski dubai

    At Dubai’s indoor ski slopes, you can escape the desert heat and revel in a winter paradise. Ski Dubai, a thrilling experience for both novice and experienced skiers, is located in the Mall of the Emirates. Put your boots on, grab some skis or a snowboard, and hit the slopes for this below-freezing adventure.

    Ski slopes in Dubai provide a distinctive diversion from the sweltering heat of the metropolis, with activities like skiing, snowboarding, tobogganing, and even encounters with penguins.

  5. Dubai Ladies Beach Clubdubai ladies beach clubDubai Ladies Club, often known as DLC, is a women-only beach club in Dubai that offers a ladies-only gym, spa, swimming pool, and even a room for beauty treatments. Additionally, this beach club frequently conducts activities for members only, such as fashion presentations, beach parties, and charity events.

  6. Iranian Mosqueiranian mosque dubai

    The Iranian Mosque, also known as the Imam Hussein Mosque, is the ideal place to get away from the hectic city. Beautiful Persian-inspired structures with exquisite tilework and calligraphy can be found in this well-kept secret area in Al Bastakiya, which is situated between Dubai Creek and Bur Dubai.

    Enter to soak in the spiritual atmosphere and the serene atmosphere. Whether you’re seeking solace or are merely interested in architectural marvels, visiting the Iranian Mosque is a tranquil and instructive experience.

  7. Dubai Miracle Gardendubai miracle garden

    Prepare to be amazed by the Dubai Miracle Garden, a special paradise brimming with stunning floral displays and brilliant hues. Over 50 million flowering flowers are housed in this one of Dubai’s best-kept secrets, and they are arranged in fascinating patterns and shapes.

    Take a stroll through these hidden gems, navigating the expertly planted gardens, admiring the larger-than-life floral sculptures, and becoming lost in the breathtaking beauty of nature.

Maxbyte receives $5 million in funding from the UAE’s e& capital to support its expansion.

The automotive, defense, utilities, food and beverage, and industry 4.0 sectors are all served by Maxbyte, which provides solutions for these industries.
The global technology conglomerate e&, formerly known as Etisalat Group, has led a $5 million series A financing for Maxbyte, an Abu Dhabi-based technology company, through its investment arm, e& capital, based in the United Arab Emirates.

The money will help Maxbyte’s growth strategy, product development, and solution development. By expanding its sales force, improving its go-to-market strategy and alliances, and scaling projects across new countries and industries, it hopes to hasten its growth, according to a statement released on Tuesday by e& Capital.

With a history of success stories across the UAE, [the] US, SEA [South-east Asia], and India, Maxbyte’s creative approach to automation technology positions it as an excellent partner for the Industry 4.0 transformation, according to Eddy Farhat, executive director of e& capital.

“This investment will advance its mission to automate and digitally transform businesses.”

The automotive, defense, utilities, food and beverage, and industry 4.0 sectors are all served by Maxbyte, which provides solutions for these industries. The company declared its intention to make smart linked industrial enterprise solutions available for sustainability, predictability, flexibility, and productivity.

This important alliance accelerates our efforts to lead technological change, strengthen smart manufacturing, and advance regional and international industries. Ramshankar CS, Maxbyte’s co-founder and CEO, said.

The $60 million series B fundraising for Airalo, an eSIM marketplace looking to increase its global presence, was led by e& capital this month.

As part of e& capital, e& announced a $250 million venture capital fund in October to aid the ecosystem for tech start-ups. In addition to giving start-ups access to investor and expert networks, the e& capital VC fund seeks to draw them in and help them.

e& changed its name in February of last year in an effort to become a multinational technology investment company. Through its five business pillars—Etisalat by e&, e& international, e& life, e& enterprise, and e& capital—the company offers digital solutions.

In the UAE, Maxbyte products are distributed and integrated solely by E& Enterprise.

Satellites and self-driving taxis are part of the strategy to make Abu Dhabi a smart city.

The government and UAE-based Bayanat are collaborating on smart infrastructure.
An artificial intelligence-powered provider of geospatial data goods and services located in Abu Dhabi, Bayanat, anticipates that its self-driving car pilot program and recently announced satellite space deal will significantly advance the emirate’s goal of becoming a smart city.

According to Abdulla Al Shamsi, chief operating officer of Bayanat, the firm, which is majority owned by G42, is aiming to improve its capabilities as part of efforts to collaborate with the government to make sure Abu Dhabi is “first in the world” when it comes to smart city infrastructure.
The company is growing with a focus on establishing competence domestically thanks to its initial public offering on the Abu Dhabi Securities Exchange in October.

The facility itself was the first investment we made, so listing definitely enabled us to believe we had crossed the line and taken use of the chances.
A space initiative to develop national satellite earth observation and remote sensing capabilities within the UAE was launched in May by a collaboration between Bayanat, Yahsat, and Al Yah Satellite Communications of Abu Dhabi.

According to Mr. Al Shamsi, the program’s initial satellite launch is still scheduled for the first quarter of 2024.

The initial satellite won’t be produced locally. With our partner, it will be launched and constructed. From there, we are developing and preparing ourselves from a facility standpoint.

In order to deliver a reliable data stream, it plans to develop at least five SAR satellites in low Earth orbit.

SAR is an active sensing technology that produces high-resolution images by illuminating the Earth’s surface and measuring the reflected signal. SAR satellites, in contrast to conventional optical imaging satellites, may take pictures day or night, in any condition of weather or illumination.
The program offers “massive” commercial prospects.

We specialize in geospatial space, but we also specialize in smart mobility and smart cities, so we will now investigate that angle as well. Having that data source, whether it be from aerial sensing devices or remote sensing, would undoubtedly help us create additional goods,”

SAR will aid in the discovery of events like land deformation, which in the past would have required the assistance of an inspector, or an oil spill at sea, enabling authorities to react quickly and limit damage.

Urban planning will also be significantly impacted by it.

“SAR will aid in better comprehension and more effective planning, and [urban planners] will make greater and broader use of the data,”
According to the International Institute for Management Development’s (IMD) Smart City Index for 2023 from Switzerland, Abu Dhabi this year kept its status as the most intelligent city in the Middle East and North Africa. This was made possible by its digital-first initiatives.

The index, which was published in may, ranked the capital of the UAE 13rd globally.

According to, chairman of the emirate’s Department of Municipalities and Transport (DMT), Abu Dhabi’s rise to prominence as the region’s leader is the result of initiatives centered on technologies like artificial intelligence and the internet of things, as well as the development of smart city initiatives across society, services, and the economy.

According to Mr. Al Shamsi, Bayanat, which is presently testing autonomous transportation in Abu Dhabi alongside the DMT and the Integrated Transport Centre, plans to quickly advance to the next round of trials.

The business collaborates with companies like China’s WeRide, which last month acquired the UAE’s first preliminary license to drive autonomous vehicles.

Everyone is attempting to use this new technology wisely because it is so new. In order to “… build the trust and the confidence with our partners on the potential of those self-driving cars that can operate freely on our roads,” Mr. Al Shamsi continued, “we are taking the additional measure [of a safety driver] at this moment.

The experiments, which began last year, have involved thousands of individuals, and the robotaxis and robo-buses are already running on Yas Island and Saadiyat Island.

The testing have given Bayanat a wealth of information and enabled it to make changes to the operating system as it strives to comprehend upcoming laws before to a significant fleet increase.

We are currently figuring out how to expand the fleet and how to deploy the first autonomous car without the safety officer, he added.

“To ensure that we are keeping it contained, we will test that in a geofencing configuration. Although our previous test was successful, the distance it could travel was somewhat constrained. In the near future, we intend to expand it.
Additionally, the technology at this point is still on the “higher side” in terms of expense.

According to Mr. Al Shamsi, “We are working with our partners to find answers and how we may truly render that commercially viable for the future.”

We are quite enthusiastic about this.

While Bayanat intends to expand across the region and globally with its smart mobility strategy, “we will go when we have the full consultancy service and also when we are providing the technology and implementing this on a wider range”, he said.

Looking ahead, the company will continue focusing on organic and inorganic growth within its key verticals of AI and geospatial to ensure its “sustainable growth and business”, he added

Meta introduces an AI platform with nearly 100 language translations.

The first ‘all-in-one’ model that can comprehend and translate both speech and text is SeamlessM4T.
An artificial intelligence-powered translating engine that can translate languages for both text and speech has been released by Facebook’s parent company Meta.

The translation tool, known as SeamlessM4T, is the “first all-in-one multilingual multimodal AI transcription and translation model,” according to Meta.

Multimodal engines are software tools that can produce translations into either text or speech and comprehend language from both speech and text.

Depending on the task, SeamlessM4T can translate up to 100 languages from text to speech, text to text, speech to text, and text to voice.

“SeamlessM4T’s single system strategy reduces mistakes and holdups while increasing the efficiency and standard of the translation process,” Meta stated. “Compared to approaches using separate models.”

It continued, “This makes it easier for people who talk different languages to communicate with one another.”

The AI-driven translation market is flourishing.

According to India-based Acumen Research and Consulting, the size of the global machine translation market is predicted to increase from $812.6 million in 2021 to over $4.1 billion in 2030.

The practice of translating text or speech into another language using software is known as machine translation.

According to Meta, SeamlessM4T is being made available to the public under a research license so that researchers and developers can expand on this work. The information for Seamless Align, the largest open multimodal translation data set to date with 270,000 hours of extracted speech and text alignments, has also been made available.

Nearly 100 languages can have their voice recognized by the new translation engine. It is capable of translating speech to text in approximately 100 input and output languages. Almost 100 languages can be used as inputs and 36 languages, including English, can be used as outputs for speech-to-speech translation.

Additionally, it supports 35 (including English) output languages and approximately 100 input languages for text-to-text and text-to-speech translation, respectively.

SeamlessM4T, according to Meta, is a component of its efforts to develop a universal translation.

No Language Left Behind (NLLB), a text-to-text machine translation model that covers 200 languages, was introduced by Meta last year. It is now one of the translation services available on Wikipedia.

It released its first spoken language speech-to-speech translation program in October. The system was created as part of Meta’s Universal Speech Translator project, which aims to create AI systems that can translate speech to speech in any language.

Massively Multilingual Speech, which offers speech recognition, language identification, and speech synthesis technology spanning more than 1,100 languages, was unveiled by the business earlier this year.

“SeamlessM4T” is a project that “draws on results from all of these projects to provide a multilingual and multimodal translation experiences stemming from just one model, built over an extensive variety of spoken data sources with state-of-the-art results,” Meta said .Additionally, SeamlessM4T has a code-switching feature. When a multilingual speaker speaks in multiple languages, it occurs. It enables the engine to recognize and translate many languages when they are jumbled together in a single statement.

 

What to eat to remain cool on hot summer days.

These chefs, who are from Israel, Spain, Italy, France, and Portugal, propose a lot of seafood and salads.
Another favorite is gazpacho, a cold soup often made with tomatoes that is sometimes sipped directly from the glass.
Some days, hotpot or a dish brimming with wok hei are simply too hot. You can’t go wrong by asking a Mediterranean chef for tips on shrewd summer eating.
They know how to keep cool with their food, whether they are from Spain, Italy, Israel, or the South of France. When it’s this hot and muggy, we asked six Hong Kong chefs who were raised in warmer parts of Europe what they like to prepare and eat.

  1. Sanuy, Edgard

The northeastern Spanish city of Lleida is home to the culinary director of the eateries Barbar and Pica Pica.
Every summer, our family spent a few weeks in a little apartment close to the ocean. There were two meals that we always ate when it was extremely hot. One is a Rusa salad, which is a Spanish meal but has a Russian salad name. Boiling potatoes and carrots are combined with mayonnaise, tuna in a can, and olives. Some people include mussels or shrimp. I add the anchovy oil from the can. Then it is blended almost to a mush.

Mom always prepared a large tray to store in the refrigerator. It reminds me of the best summers of my life, in my opinion.

A dish of Rusa salad. Photo: Pica Pica

Gazpacho is something else I adore. My grandmother made gazpacho because she was tired of me grabbing a Coke or other soft drink. Half a tomato, cucumber, some vinegar, garlic, and occasionally watermelon, strawberries, or raspberries were added to make it kid-friendly.
A small amount of cumin would be added in the south. Because you didn’t want it to oxidize and lose all of its vitamins, you would make it that same day. I always have this in the summer. My gazpacho at Pica Pica is served alongside a dollop of cucumber sorbet to keep it chilled.

2. Toby Goldstein
Israel’s Tel Aviv is home to the executive chef of the Middle Eastern eateries Francis and Francis West, which serve food with influences from the Maghreb region of Africa.
Since my mother was a teacher, she shared our summer vacations. She wouldn’t even try to cook. We simply consumed a lot of falafels when dining out. We consumed a great deal of fruit during the summer. I associate peaches and plums with my early years.
I cook a lot of shakshuka for dinner when it’s hot. Basically, tomato sauce is used to prepare eggs. It’s available all day long, not just for breakfast. You only need one large pan to prepare it, and it’s simple. There is group seating. It’s easy, quick, delicious, and light.

3. Cantalloube, Léa

Toulouse, France, is the hometown of Ami’s chef de cuisine.
My parents would take us to see my grandparents in Le Barcarès, a little village in the South of France, even though they didn’t have the summers off.
We would only serve seasonal veggies as well as appetizers like melon with ham and ratatouille for our main courses. We had a lot of fish from the market, which was barely 100 meters away from our accommodation (330 feet). Sea bream was one of my favorite dishes to eat.

In the summer, my menu varies frequently. I currently enjoy grilling out a lot with pals. Everyone can cook together as long as the end result is nice.

Of course, I just eat a bunch of salads when it’s hot outside. Everyone has a distinct favorite salad, whether it be a Nicoise with tuna, olives, hard-boiled eggs, and green beans or a Greek salad with feta cheese.

4. Palombini, Fabiano
Italian seafood restaurant Perla’s executive chef was raised in Teramo.
My grandfather was a fisherman, and I’m from the Adriatic Sea’s southeast region. Sardines and mackerel, which are plentiful along the Italian coast from the center to the south, are still fished for by the family. We consume a lot of fish and seafood.
While we occasionally fix things, we typically just eat everything raw. Our Mediterranean diet typically consists of 60% raw fish, including mussels. Due of how fresh it is, we don’t need to cook.
Prawns, any kind of prawn, are my favorite. I still eat fish most of the time in Hong Kong. I don’t consume a lot of meat. The days I take off I got to islands with friends and family and have sea food.

Fabiano Palombino grew up on fish and seafood, which is reflected at Perla with dishes such as blue lobster tagliolini. Photo: Perla

I’ll grill or bake the fish that we aren’t able to consume uncooked. We are less steamy. In a tray, I would bake it with potatoes and vegetables. It’s flavorful, delicious, and healthful. Naturally, everything must be seasonal. We consume whatever is in season.

We’ll also serve spaghetti that has been prepared with fish, clams, or mussels. We Italians will perish if you take away our pasta.

With the support of celebrity chefs like Gordon Ramsay and Pierre Gagnaire, global cuisine, and now its own Michelin Guide, Dubai hopes to establish itself as a dining destination.

Dubai is working to boost its fine-dining scene in an effort to enhance its reputation as a luxury city. It helped that it was the first location in the Middle East to have a Michelin Guide.
Gordon Ramsay and renowned French chefs have been drawn there, and today’s fusion cuisine served by creative home-grown chefs reflects the emirate’s global character.

Renaud Dutel, a French chef, never anticipated that his work would lead him to Dubai in the United Arab Emirates, but he has discovered a budding culinary mecca there.
Dutel is happy to have “taken the risk” five years after being offered and accepting a position at a posh restaurant in the Gulf financial and tourism powerhouse better known for its towers than its culinary scene.
At Stay, a Michelin-starred restaurant that specializes in French cuisine on the city’s iconic Palm Jumeirah man-made island, he says, “I think Dubai is at the start of its journey, but is on the way toward becoming one of the top places in the world to come to dine.

There are over 13,000 restaurants and cafes in Dubai, some of which are already well-known internationally.
The first Michelin stars in the Middle East were given to 11 Dubai restaurants in 2022, and this year more establishments will be entering the exclusive club.
Some, including Stay by Yannick Alléno, managed to earn two stars, but none reached Michelin’s top rating of three.
According to Issam Kazim of the local government’s tourism and business department, Dubai’s culinary scene has turned the city into one of the most varied and vibrant food centres in the world.
The UAE, a federation of seven emirates on the eastern coast of the Arabian Peninsula that has existed for five decades, does not have the same robust gastronomic history as other Arab nations.

Historical trade relations with modern-day Iran and India have a significant influence on the meat-heavy Emirati cuisine.
According to Loc Bienassis of the European Institute for the History and Culture of Food, it did not experience the “gastronomisation” that many Western culinary traditions underwent. But he adds that it “can be done”. “Political will can also be a factor.”
The city has developed a distinctive gastronomic identity due to the huge proportion of expats compared to the native Emirati population.
A good example is Moonrise, a rooftop restaurant with only 12 seats that serves a Middle Eastern-Japanese fusion menu.
The head chef and co-owner of Moonrise, Solemann Haddad, said the meal was “100% Dubai” yet had a third European, a third Japanese, and a third Arabic flavor.

At the age of 27, Haddad—who was born in the city to French and Syrian parents—earned a coveted Michelin star.
According to him, his dishes combine ingredients like date syrup with a chutney made of saffron and pineapple to capture the international character of Dubai.
Dubai, which has made a name for itself as a hub for commerce and luxury, is now luring some of the most renowned chefs in the world, including Alléno and fellow Frenchman Pierre Gagnaire.
Italian Massimo Bottura, British Gordon Ramsay, and Japanese Nobu Matsuhisa have all established restaurants in the city.
Dubai is cultivating local stars in addition to bringing in top talent, according to Emirati lawyer and food blogger Habib Al Mulla.

“A new, younger generation of home-grown chefs are coming up,” he claims. Many of them are gaining notoriety on a global scale.
In addition to chefs, restaurateurs like Omar Shihab, who was born in the UAE to a Jordanian family, are among Dubai’s rising culinary stars.
This year, the Boca restaurant he created received a Michelin Green Star for sustainability.

Chefs prepare dish ingredients at Moonrise. Being mostly desert, the UAE imports over 80 per cent of its food. Photo: AFP

Shihab obtains the majority of his goods from the UAE, which is impressive considering that the nation imports more than 80% of its food.
Despite the fact that, “Let’s face it, we live in the desert,” he continues, “we prioritize local ingredients through our sourcing policy.”
According to Shihab, up to 80% of the fish served at Boca is derived from the UAE or adjacent coasts, and 30 to 40% of the fruit and vegetables are grown hydroponically by Emirati farmers.
For meat and chicken, he claims, “We do not have any local or regional suppliers,” but no matter where in the globe they are, “we make sure that the farms we depend on, we know their names, and we know a little bit about their practices.”

Water loaded with minerals is available at a brand-new “gourmet water” bar in Dubai to “suit your mood.”

The Aqua Water Bar by Luqel gets its water from a faucet, just like it used to be done.
The smoothies made with bananas, berries, and wheat grass came first. Then there are the cold brew, triple-shot, milk-based lattes, German-named artisan brews, and small-batch, barrel-aged Prohibition cocktails.

The Middle Eastern epicenter of all things cutting edge, Dubai, now has a new bar that serves “gourmet water.”

30 different types of it.

The Aqua Water Bar by Luqel gets its water from a faucet, just like it used to be done. Despite the fact that many Dubai residents prefer bottled water, the government claims that tap water is safe to drink and complies with international standards.

The German water filtration business Luqel’s micro-dosing device is then used to infuse minerals. They cater to all varieties of water fans, whether Alpine or Arctic-sourced, by offering to match the mineralization of high-end water brands.

The managing director, Roia Jabari, explains that “our water sommeliers created the drinks to suit your needs and mood.” “We can provide the ideal mineralized recipe for you.”

“Runners Heaven,” a high-sodium, high-potassium food, is made for runners who need to recover from the sweltering desert heat. “Vegan’s Choice” provides nutrients that may be lacking in a diet that is solely plant-based. Customers can pay roughly 50 cents for 500 milliliters (16 fluid ounces) of any of the mineral blends to fill their bottles, or spend more for mocktails.

It’s not a really original idea.

Water from secluded mountains or natural springs has long been sold in bottles. In order to compete with Evian and Perrier, Coke and Pepsi entered the market years ago, blending the lines between water and soda by adding sweets and fizz.

As people adopt better lifestyles and view tap water with frequently reasonable skepticism, such products have become more and more popular.

According to the Beverage Marketing Corporation, a consulting firm, bottled water is the most popular beverage in the United States, with the average person drinking 46.5 gallons annually, compared to 36 gallons of soft drinks. But it’s uncommon to come across a pub that serves only water, as opposed to giving it out for free to customers who drink too much alcohol.

In the city’s East Village, a water bar serving what it claimed to be highly filtered New York City tap water debuted in 2012. This move drew a barrage of criticism. In 2019, a different one opened for a brief period to less than stellar reviews. Both don’t seem to have been open for very long.

However, Dubai, a contemporary metropolis constructed on sand dunes, might provide a favorable environment for the trend.

In the United Arab Emirates, a federation of seven sheikhdoms that includes Dubai, alcohol is sold in pubs and clubs, although the Muslim nation has a sizable teetotaler population. It attracts the wealthy, health-conscious individuals who support the wellness business since it is a center of international trade. Despite being frequented by businessmen in suits who work in the nearby Dubai Media City, Jabari says that the water bar is not just for wealthy customers and that the water, which costs 2 dirhams or 54 U.S. cents per 500 milliliters (or around 16.9 fl oz), isn’t very expensive.

Customers may either fill their own bottles or buy reusable ones starting at about $2.50 in an effort to promote sustainability.

Seeing people strolling about with plastic bottles, according to Jabari, is one of the things that makes him feel like he is scraping a blackboard.

The bar has a Google rating of 4.6 stars based on about a dozen reviews, so the early response seems favorable.

Bilal Rizvi, who visited this week to give it a try, remarked that “(the water) was actually different.” It is quite good. The water with turmeric was fantastic.

The virgin mojito mocktail, according to Jabari, is also a very popular beverage. It has a tinge of sweetness from the agave and honey, along with a twist of cucumber and lime.

The bar was created with a water theme by an interior designer from San Diego, California who has spent 24 years living in the UAE. The blue and white colors of the decor are illuminated by bubble-shaped lights. The bar also offers Persian food as a tribute to her background.

She sees potential for expansion in Dubai’s arid neighbors, and she wants to enlarge the company.

For us, Saudi Arabia is a sizable market. Abu Dhabi, in my opinion, represents our next move.

How WallyGPT uses AI to make financial planning simpler, according to Generation Start-up

Users of the app can connect their bank accounts to track their net worth and get information on how much they spend, save, and invest.
Saeid Hejazi had gotten into the habit of manually tracking his finances on Excel before Aramex, the largest courier company in the Middle East, acquired his online retail start-up Nahel in 2013.

He remembers that the process of manually categorizing the data he copied from bank PDF printouts into Excel was tiresome and aggravating.

I continued the habit after getting Nahel, but I realized there had to be a better way.

“I wasn’t the only one experiencing this difficult situation; others did as well. Wally was created after seeing the market lacked any superior products.

Mr. Hejazi and his brother Sami launched Wally, a personal finance app that aids users around the world in tracking and managing their accounts, in 2014.

Users are able to monitor their net worth, expenditures, and financial goals in one location thanks to the app’s connections with 15,000 banks in 70 different countries.

Wally, according to Mr. Hejazi, “helps the overbanked to take back charge of their finances and begin achieving their goals.”

“Too many people have a lot of credit cards, loans, and bills, which makes it challenging to monitor them, create a plan for them, and assess their progress.”

The Covid-19 outbreak sparked considerable worry about individual financial matters and brought attention to the value of saving, having an emergency fund for unforeseen expenses, and planning adequately for retirement.

According to a July poll by Sharia-compliant savings and investment company National Bonds, more than eight in ten savers in the UAE think it’s critical to have an emergency fund in place to weather challenging economic times.

According to a different survey conducted in 2022 by the insurance provider Friends Provident International, 45% of UAE citizens still need to begin saving for retirement.
Wally was created before open banking, which gives users the option to share their financial information with a third party, therefore at first, the app’s users had to manually keep track of their accounts. However, Mr. Hejazi claims that the software had already utilized some parts of machine learning at the time.

Wally 3.0, which enabled users to link their bank accounts to automate the tracking process, was released by the co-founders in 2020. The program was initially introduced in North America before being gradually expanded to 15,000 institutions in 70 other countries.

The app’s co-founders released version 4 this year, calling it WallyGPT, the first generative AI personal finance tool available in 70 nations.

“WallyGPT has been constructed from the ground up using machine learning and artificial intelligence,” claims Mr. Hejazi.

This enables consumers to conduct research, plan and track their objectives, get investment advice, and learn about financial services without being limited by the conventional charts and tables.

In the case of a 20-something who is getting married soon, WallyGPT can assist them in determining their current net worth, researching the costs of getting married anywhere in the world, creating a savings plan and monitoring its development, suggesting some investment opportunities (like mutual funds or exchange-traded funds), and more which will help them to reach their goal little faster.

and suggest a credit card that will reimburse their wedding-related travel costs, the CEO says.All of these advantages are “hyper-personalized, instantaneous, tailored, and intelligent,” he claims, adding that WallyGPT’s conversational style brings it closer to being the ultimate financial software.

A user can utilize WallyGPT to ask sophisticated inquiries about their finances, investments, savings, and more after linking their bank accounts to the app and suggest a credit card that will reimburse their wedding-related travel costs, the CEO says.

All of these advantages are “hyper-personalized, instantaneous, tailored, and intelligent,” he claims, adding that WallyGPT’s conversational style brings it closer to being the ultimate financial software.

Through an agency approach with a regional vendor who is subject to UAE Central Bank regulation, WallyGPT is offered in the UAE. According to Mr. Hejazi, the Central Bank (Sama) of Saudi Arabia controls and issues licenses for the app.

“We’re going to concentrate on increasing the number of users in our top five markets in terms of user growth. We are presently working on capabilities that will give WallyGPT autopilot functionalities in terms of product development. The idea is to enable users to “set it and forget it,” according to the co-founder.

For instance, WallyGPT will be able to petition for debt reconciliation on your behalf if you are paying excessive interest on all of your loans, allowing you to start saving. Based on asset performance, WallyGPT will be able to balance a user’s portfolio for investment.

The software, which is available for free, intends to generate income by offering services for debt management, investment optimization, and the search for new financial solutions.

According to Mr. Hejazi, the company with its headquarters in DIFC has a data privacy agreement with OpenAI, the company that created ChatGPT, that guarantees the data given with them is not utilized for training and is removed after 30 days.

No personally identifying user information, such as user IDs, emails, or names, is shared by WallyGPT.

In contrast to WallyGPT, Mr. Hejazi claims that human financial advisers are only available to wealthy and high-net-worth persons who have to have a minimum amount in cash and assets (at least Dh300,000 or $81,000) to take use of their services, and their costs are costly.He says that WallyGPT is superior than human advisors in that it is free and offers more individualized, quick, and knowledgeable replies.

Additionally, WallyGPT allows users to manage their entire financial situation, including passive investing, whereas robo-advisers only assist clients with a particular, limited aspect of their finances—passive investing.

He proposes using WallyGPT as an example, which “helps users cut down on unneeded expenditures to find more investable cash or pay down debts.”

There are 20 members of the WallyGPT team, almost all of whom are developers, and the company has an engineering office in Bengaluru.

First-half earnings for Majid Al Futtaim rise 74% due to the strong momentum of the UAE economy.

Due to the strong economic momentum in its home market of the UAE, Majid Al Futtaim Holding, one of Dubai’s major private sector businesses and the largest mall operator in the Middle East, recorded a substantial increase in profit and revenue.

According to Ahmed Ismail, chief executive of Majid Al Futtaim, net profit for the six months ending in June increased by an annual 74% to Dh1.7 billion ($463 million), while revenue for the reporting time increased by 5% to Dh18.9 billion.

For the first half of this year, earnings before interest, taxes, depreciation, and amortization increased 13% to Dh2.1 billion.

Although currency devaluations in several of the areas where we operate, the year is off to a solid start as revenue is up 5%.
More encouraging is the fact that, thanks to “a booming economy in our home market of the UAE,” our profitability is increasing at a faster rate than our revenue.The second-largest economy in the Arab world, the UAE, made a remarkable recovery from Covid-19’s slump last year, and growth momentum is expected to continue through 2023. After expanding by 7.9% in 2022, it increased by 3.8% annually in the first quarter of this year, helped by strong growth in the non-oil sector as it works to diversify.

According to data from the Federal Centre for Competitiveness and Statistics, which Abdulla bin Touq, the Minister of Economy, cited earlier this month, the gross domestic product increased to Dh418.3 billion in the three months ending in March, with significant contributions from the majority of the sectors and economic activities that are “the key pillars of the national economy.”

GDP excluding oil increased by 4.5% annually to Dh312 billion.

The privately held corporation owns and manages 29 shopping centers, 18 hotels, and mixed-use neighborhoods. Its commercial interests range from the retail and leisure sectors to real estate development.

During the reporting period, “multiple factors” including the reallocation of capital to the business’s more lucrative and higher margin areas were the primary drivers of profitability.

With a 40% increase in sales and a 22% increase in ebitda, “our residential [properties] company has recorded record results. In fact, our whole properties business has generated another set of records. Naturally, operational effectiveness and financial restraint play a role.
According to him, Dubai residential costs were nominally lower than their last peak, and the company plans to start construction on a new project before the end of the year.

One of the key engines of the UAE’s non-oil economy, the real estate sector, has also maintained growing pace into 2023 following significant increases in the previous two years.

The expansion of the 10-year golden visa program, residency permits for remote employees and retirees, as well as economic benefits from Expo 2020 Dubai have all contributed to the sector’s growth.

Despite global socioeconomic challenges, the property market demonstrated good performance in every sector in the first half of the year, according to a report published in July by Consultancy CBRE.

According to CBRE, while average prices in Dubai’s market increased by 16.9% in the year to June 2023, the market in Abu Dhabi saw 4,737 transactions for sale in the first half of the year, an increase of 88.6% yearly.

Majid Al Futtaim reported that the Tilal Al Ghaf residential property development and UAE-based shopping malls were the main drivers of the company’s property business’s revenue growth of 39% to Dh3.4 billion and ebitda increase of 22% to Dh1.7 billion.

According to the company’s financial statement, which was published on Nasdaq Dubai, the property business was the main driver of revenue and profit growth throughout the reporting period.

Foot traffic in shopping centers grew by 12%, with the Mall of the Emirates having its best first-half foot traffic ever. Tenant sales increased by 7%, with the company’s malls in the UAE contributing the most to revenue.

However, the retail sector saw a 2% decline in revenue to Dh14.1 billion and a 7% decline in ebitda in the first half of the year, according to a statement released by the company on Monday. “Currency devaluations across the group’s footprint” were mostly to blame, it was noted.

Revenue increased by 8%, and ebitda rose by 5%, at a steady exchange rate.

The company said its digital retail business continued strong, with a 13% increase in revenue to Dh1.2 billion. The company launched five additional outlets in the region during the first half.

Majid Al Futtaim’s entertainment division saw a 4% annual increase in revenue to Dh822 million as the movie industry continues to bounce back from “delays and adjustments to its content pipeline”.

With the inauguration of Snow Abu Dhabi in June—the group’s fourth snow destination in the region—the company increased the scope of its entertainment business in the first half.

In the first half of the year, it opened 11 new outlets, which resulted in a 31% increase in revenue for its lifestyle businesses to Dh473 million.

At the conclusion of the first half, Majid Al Futtaim had net borrowings of Dh15 billion, with the majority of the debt expiring in 2026 and later, in order to maintain “a strong financial and liquidity position supported by a well-balanced financing structure.”

As it seeks to diversify its funding sources, the corporation secured $500 million in May through a green sukuk, its fourth in about four years. The corporation stated at the time that it would refinance a previous $800 million bond commitment with the proceeds.