Business Extra

Elon Musk‘s 2021: Bitcoin, space and feeding the world

A year in review for the controversial figure with an outsized influence on our future.

In this episode

Elon Musk's 2021 overview (1m)

Elon Musk's persona (5m 50s)

The role of social media (8m 32s)

Tesla stock and future (9m 58s)

Is Elon Musk human enough? (14m 23s)

US regulation (17m 5s)

 

Read more

• Elon Musk offloads more Tesla shares as company loses its $1tn valuation

• Elon Musk jokes about quitting his jobs as he sells more Tesla shares

• New battery technology can charge electric vehicles in less than 10 minutes, researchers say

• Nasa SpaceX launches Dragon Crew-3 astronauts to International Space Station

What the new weekend and shorter working week mean for the UAE

A four and a half day working week, with Saturday and Sunday as full days off, marks a massive shift to work culture in the UAE. The federal government will adopt these measures beginning January 1, 2022, but it remains unclear if the private sector will follow suit.

Co-hosts Mustafa Alrawi and Kelsey Warner discuss what residents, investors, employers and employees need to know, the significance of the announcement and what it means for productivity, worker well-being and the UAE's competitiveness.

Read more on our website:

• UAE weekend change: Saturday-Sunday off and shorter working week

• UAE school week to shift in line with weekend change

• UAE weekend change moves Friday prayers permanently to 1.15pm

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How the role of the CEO is changing

Status quo is no longer good enough in the C-suite.

From employees looking for greater leadership and meaning in their work amid the Great Reassessment, to shareholders and consumers calling for sustainability and equity, top jobs at the corporate level demand a new list of skills.

Shane Phillips, CEO of global executive search firm The Phillips Group, joins host Kelsey Warner this week. He talks about the hiring questions boards of directors are asking after the pandemic, the new career path to CEO and tips to stand out as a candidate.

Read more

• UAE salaries: what are the most in-demand oil and gas jobs and how much do they pay?

• A record 4.4 million Americans quit their jobs in September

• 5G digital shift puts pressure on companies to be ready for future jobs

• Women believe career prospects have been hampered by the pandemic

 

In this episode

Is the role of the CEO changing? (1m 17s)

What skill set are boards looking for in CEOs (1m 57s)

Who is heir apparent for the CEO position? (5m 28s)

What makes a good CEO? (7m 49s)

Corporate greed and mismanagement (11m 16s)

CEOs as teenagers (13m 51s)

Kevin O‘Leary on the future of finance and Abu Dhabi

Abu Dhabi could be "the Switzerland" of financial technology thanks to its regulatory environment and agile government, according to Kevin O'Leary, but he is quick to add he is still doing his due diligence.

The celebrity investor, who made his name on the US reality show Shark Tank, joins co-host Kelsey Warner this week to talk about investing in decentralised finance, Web 3.0 and what he has learned on this visit to the UAE.

Mr O'Leary also talks about why he is putting his name behind Access Abu Dhabi, an initiative which will help US entrepreneurs, particularly women and minorities, expand to the Middle East.

In this episode:

Kevin O'Leary at Fintech Abu Dhabi (0m 45s)

How does a Web 3.0 entrepreneur catch a shark? (4m 38s)

Kevin's wishlist for regulators (9m 58s)

What jobs can be created by an agile government? (11m 33s)

Things to look out from Access Abu Dhabi (14m 10s)

 

Read more on our website:

• Adio and Maven Global unveil programme to help US companies to expand in Abu Dhabi

• Three ways to invest $10,000 in the next three months

• More than 40 countries to be represented at FinTech Abu Dhabi Festival this year

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Live from Adipec with an oil industry in transition

Business Extra is live from Adipec 2021, where oil majors, energy ministers and executives are meeting. Co-hosts Mustafa Alrawi and Kelsey Warner discuss the major themes of the critical gathering following Cop26.

Read more on our website:

• Adipec to explore challenges faced by the energy industry on the cusp of change

• Adipec 2021 told oil and gas industry needs more than $600bn annual investment until 2030

• The UAE’s decision to host Cop28 is a chance for a new narrative

• Oil exporters to see large surpluses in 2021 and 2022 amid higher crude prices

 

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What to expect at the Dubai Airshow

There was no pandemic the last time the Dubai Airshow was held in November 2019. Two years later, beginning November 14, the exhibition is set to bring together a changed aviation industry.

 

The National's aviation correspondent Deena Kamel outlines the trends shaping the major players in commercial, cargo and defence and what to expect from the biggest in-person aviation event since the Covid-19 crisis began.

 

Hosted by Mustafa Alrawi and Kelsey Warner

Produced by Ayesha Khan and Arthur Eddyson

In this episode:

The Dubai Airshow is here (0m 49s)

Who is going to be at the Airshow? (2m 57s)

What to expect at the Airshow (5m 03s)

The sustainable path forward for aviation (9m 37s)

 

Read more on our website:

• Boeing to debut long-awaited 777X at Dubai Airshow

• Business travel to reach two-thirds of pre-pandemic levels in 2022 led by Asia and Mideast

• Higher oil prices to raise ticket fares but will not stall airlines' recovery, Iata says

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Cop26: What to expect from the high-stakes climate conference

Addressing the opening session of Cop26, UK Prime Minister Boris Johnson said it was “one minute to midnight” on the climate doomsday clock.

But sharp rhetoric is not the business of the day in Glasgow: 196 nations are convening in a test of commitment to avert a climate disaster.

The National's London bureau chief Damien McElroy joins co-hosts Mustafa Alrawi and Kelsey Warner this week to talk about what to expect from the high-stakes conference and the big decisions to be made over the 12 days.

 

Hosted by Mustafa Alrawi and Kelsey Warner

Produced by Ayesha Khan and Arthur Eddyson

In this episode:

Damien McElroy sets the scene from Cop26 (1m 33s)

How developed and developing nations should move forward (4m 56s)

Scaling up and the finance conversation (8m 21s)

The energy crisis elephant in the room (9m 55s)

 

Read more on our website:

• Cop26 leaders set challenge to fund disaster prevention in poor countries

• Cop26 private cash warning: net zero ‘not possible’ without green finance

• Net zero: These technologies need tenfold increase in investment to hit target

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Succeeding in a digital world

Understanding algorithms, rolling out 5G, developing quantum computing, building cyber defences and establishing sovereignty online are among the challenges and opportunities facing decision makers navigating the impact of the Fourth Industrial Revolution on countries and their citizens.

Krzysztof Szubert, Poland’s High Representative of the Prime Minister for European Digital Policy talks to Kelsey Warner and Mustafa Alrawi about crafting and executing a successful strategy for today’s fast-changing world.

Hosted by Kelsey Warner and Mustafa Alrawi

Produced by Ayesha Khan and Arthur Eddyson

In this episode:

What makes a successful digital strategy? (1m 26s)

EU's benchmark for digital literacy (4m 59s)

Policies for safeguard digital lives (8m 54s)

Investing in the right strategies (12m 11s)

Establishing sovereignty (18m 41s)

 

Read more on our website:

• Explainer: What is the Fourth Industrial Revolution?

• IBM's AI chief on the singularity, data privacy and the new space race: Business Extra

• How Poland is helping to shape the economy of tomorrow - Business Extra

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IBM AI chief on the singularity, data privacy and the new space race

A decade ago, IBM introduced the power of artificial intelligence to the masses with Watson. The computer system made its debut on the popular American quiz show Jeopardy! and beat the best player in the show's history, Ken Jennings.

 

In the years since, AI has seeped into nearly every corner of life, from the streaming suggestions served up by Spotify or Netflix to the global effort to come up with a vaccine against the Covid-19 pandemic. This new paradigm has brought up questions of data privacy and safety, and how laws should be made and enforced on technology companies.

 

Seth Dobrin is IBM's global chief AI officer. He joins host Kelsey Warner this week on the sidelines of Gitex to talk about these big questions - and when we might expect the singularity.

 

Hosted by Kelsey Warner

Produced by Ayesha Khan and Arthur Eddyson

 

In this episode:

Best tech at Gitex (0m 45s)

AI now and in the future (2m 12s)

A safe globalised tech society (5m 29s)

How to ensure AI for good (9m 47s)

Space race (14m 33s)

 

Read more on our website:

• Gitex 2021: Four tech trends which will define our future

• Artificial intelligence to accelerate economical energy transition, WEF says

• EU's plan to control artificial intelligence 'will have positive global impact'

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Why there is an energy crisis and when it will end

What do a coal shortage in China, a cold winter in Europe and oil's rally to a three-year high have in common?

Herman Wang, managing editor at S&P Global Platts, joins co-hosts Mustafa Alrawi and Kelsey Warner this week to answer that, and what to expect going forward.

 

They discuss what will happen to oil prices amid the energy crisis and how we got here. The answers are more complicated than tidy narratives about underinvestment in hydrocarbons amid the energy transition, or basic fundamentals of supply and demand.

 

Hosted by Mustafa Alrawi and Kelsey Warner

Produced by Arthur Eddyson and Ayesha Khan

 

In this episode:

How did the energy crisis happen? (0m 40s)
How long will this crisis last? (3m 12s)
The reaction from Opec+, US and China (5m 57s)
COP26 and the energy transition (10m 14s)
Oil demand towards 2050 (15m 10s)

Read more on our website:

• Brent nears $85 amid continued energy shortage

• Explainer: What the path to net-zero and carbon neutral means

• Oil prices could hit '$100 per barrel by the end of 2021', Roubini says

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