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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.
Episodes
Tuesday Oct 29, 2019
Tuesday Oct 29, 2019
The world’s most powerful investors, heads of state, former leaders, entrepreneurs and government ministers are gathering in the Saudi Arabian capital this week to discuss the future of technology, sustainable development, capital markets, infrastructure financing, energy – old and new – gene editing and cellular therapies. Host Mustafa Alrawi talks to Kelsey Warner, future editor of The National who is attending the Future Investment Initiative held in Riyadh.
In this episode:
In this episode:
Kelsey on FII (1m 20s)
Who is attending FII? (14m 47s)
New podcast by The National (25m 45s)
Headlines (26m 46s)
Read more on our website:
Headlines (26m 46s)
Read more on our website:
Wednesday Oct 23, 2019
Wednesday Oct 23, 2019
After flight software aboard its 737Max jet was found to be the culprit of two airline crashes within the last 12 months, Boeing was forced to ground all 387 of the aircraft worldwide; impacting 8600 weekly flights and forcing 59 airlines to come up with alternatives. It is the world's largest manufacturer of commercial aircraft. But a fall from grace has Boeing facing regulators and customers demanding answers and a scramble to return its best-selling 737 Max aircraft to the skies. Host Kelsey Warner speaks to The National’s aviation correspondent Deena Kamel who has returned from a visit to Boeing’s US production facilities. Deena explains the company’s plans for the future, including damage control and space travel.
In this episode:
In this episode:
New Podcast by The National (0m 51s)
Boeing 737 Max (1m 57s)
Boeing and NASA (14m 34s)
Etihad and Air Arabia (20m 36s)
Read more on our website:
Etihad and Air Arabia (20m 36s)
Read more on our website:
Wednesday Oct 16, 2019
Wednesday Oct 16, 2019
Boeing and Porsche are working together to develop the concept and test the prototype for and electric vertical take-off and landing (eVTOL) car. The National’s Mustafa Alrawi Assistant Editor in Chief and Future Editor Kelsey Warner discuss their enthusiasm or skepticisms about the announcements before taking a look at the WeWork.
WeWork promised to change the way people work and eventually how they live. Somewhat unconventional co-founders at the company charted meteoric growth that wowed investors and propelled the company to a $47 billion valuation, one of the highest for a start-up. But WeWork were forced to halt plans to go public on Sept. 30 because of investor concerns about how it was valued and whether its business model is sustainable. Adam and Rebekah Neumann have stepped down from their positions and now job cuts are on the horizon.
In this episode:
Flying Cars (1m 21s)
WeWork (8m 34s)
Headlines (27m 30s)
Read more on our website:
Wednesday Oct 09, 2019
Wednesday Oct 09, 2019
HSBC may cut as many as 10 thousand jobs worldwide as part of its latest cost cutting drive but where next for the bank that was at one time the poster child of globalisation?
Host Mustafa Alrawi, Assistant Editor in Chief, takes a look at how banks in Europe are looking to make savings. In a world where the US-China trade war, Brexit, a weak European economy, lower interest rates and the resulting uncertainty is affecting growth, how is the financial sector coping? Also, in this episode Mustafa speaks to Nai Arabia's founders Hisham El-Farouki and Fouad Dajani as Jordan's Fine Hygienic Holding, a paper products manufacturer, becomes the largest single shareholder in the Dubai based natural food and beverage company. The deal is valued at over $10 million.
In This Episode:
-HSBC (0m 44s)
-Nai Arabia (5m 45s)
-Headlines (17m 49s)
Read more on our website:
• HSBC to cull 10,000 jobs as it looks to rein in costs
-HSBC (0m 44s)
-Nai Arabia (5m 45s)
-Headlines (17m 49s)
Read more on our website:
• HSBC to cull 10,000 jobs as it looks to rein in costs
Tuesday Oct 01, 2019
Tuesday Oct 01, 2019
Saudi Arabia’s opens up and begins to issue tourist visas for the first time. Host Mustafa Alrawi, assistant editor in chief and future editor Kelsey Warner, speak to The National’s Ashleigh Stewart who is in Saudi Arabia as they launch their latest tourism industry initiative.
People from 49 countries are able to obtain a 90 day, multiple entry tourist visa for the kingdom. Tourism is a key component of Saudi Arabia’s Vision 2030 programme with expectations to boost international and domestic visits to 100 million a year by 2030. This will mean an increase of the tourism sector‘s contribution towards gross domestic product to 10 per cent in that time, up from just 3 per cent today. This includes major new developments – being termed as ‘giga’ projects: NEOM, the Red Sea Project, Qiddiyah, Amaala and Ad Diriyah. This comes as the kingdom’s non-oil gross domestic product grew 2.9 per cent year-on-year in the second quarter, higher than 2.1 per cent rate of expansion achieved in the first quarter of 2019, according to the latest data released by the General Authority for Statistics. The pick up in non-oil economic growth was the strongest since the fourth quarter of 2015, when Riyadh started putting fiscal consolidation measures in place to counter a three-year oil price slump that began in the middle of 2014.
In this episode:
- Introduction (0m 29s)
- Interview with Ashleigh Stewart in Saudi Arabia (3m 31s)
- Mustafa and Kelsey in studio discussion (17m 54s)
- Headlines (31m 01s)
Read more on our website:
• From NEOM to Ad Diriyah: Saudi Arabia's 'giga projects' and when they are expected to be completed
• From NEOM to Ad Diriyah: Saudi Arabia's 'giga projects' and when they are expected to be completed
Tuesday Sep 24, 2019
Tuesday Sep 24, 2019
In 1841, 500 passengers took a 24-mile round-trip by train from Leicester in central England to the neighbouring town of Loughborough. This was the first excursion organised by a Mr Thomas Cook
178 years later his eponymous company announces it has ceased trading disrupting the travel plans of some 600,000 people from Goa to Gambia to Greece and threatening tens of thousands of jobs worldwide.
This week, Mustafa Alrawi, assistant editor in chief and Kelsey Warner, future editor, are joined by Hayley Skirka to talk about one of the oldest travel companies in the world and its downfall. Andrew Wilks, a regular contributor for The National, speaks to them from Antalya, Turkey. He has been speaking to tourists affected by the Thomas Cook collapse. What lead to the company’s problems? There are accusations of bad management with investigations underway. But the coup attempt in Turkey in 2016 and a Europe-wide heatwave in 2018 impacted the company’s profits along with a growing inability to compete with online travel companies. Now the British government said the return of the firm's 150,000 British customers would be the largest repatriation in its peacetime history.
In this episode:
- Thomas Cook (0m 59s)
- Headlines (26m 21s)
Read more on our website:
• Thomas Cook passengers in Turkey frustrated by travel confusion
• Thomas Cook passengers in Turkey frustrated by travel confusion
Tuesday Sep 17, 2019
Tuesday Sep 17, 2019
Early on Saturday morning, attacks on Saudi Aramco’s giant oil plant caused major fires, disrupting about half of the kingdom’s crude production.
From a record spike in oil prices to an escalation of tensions in the region after the US blamed Iran for being behind the strikes. The fallout has everyone inside the region and around the world on tenterhooks for what it could mean for global energy markets and Middle East stability.
Host Mustafa Alrawi, assistant editor in chief and Kelsey Warner, assistant business editor, welcome The National’s energy correspondent, Jennifer Gnana and foreign editor James Haines-Young, for an in depth discussion on the ramifications of the attacks in the region and globally.
In this episode:
- Saudi oil attack (1m 11s)
- Headlines (25m 56s)
Read more on our website:
• Anwar Gargash: Saudi Aramco attacks a 'dangerous escalation'
• Anwar Gargash: Saudi Aramco attacks a 'dangerous escalation'
Wednesday Sep 11, 2019
Wednesday Sep 11, 2019
Developers Miral in Abu Dhabi and Neom in Saudi Arabia have made big announcements on new construction projects. Miral has secured investment from a Singapore-based company for its 108,600 square metre Yas Village development on Yas Island and Saudi Arabia’s Neom has awarded contracts to two companies to build a village that will accommodate up to 30,000 workers who will build the futuristic city of the same name.
Host and Assistant Editor in Chief at The National, Mustafa Alrawi speaks to Assistant Business Editor, Michael Fahy about the announcements and what they mean for the property markets in the GCC neighbours.
Meanwhile rental rates have been falling in the UAE capital this quarter with large drops since this time last year and Emaar properties in Dubai have asked property owners to stop renting out their units as holiday homes on the same day they have launched their digital platform for short term rentals.
In this episode:
- New construction projects (0m 43s)
- Abu Dhabi rent (1m 37s)
- Emaar’s short term rentals (15m 32s)
- Headlines (22m 03s)
Read more on our website:
• Saudi Arabia's Neom signs deals with contractors for construction village
• Saudi Arabia's Neom signs deals with contractors for construction village
Wednesday Sep 04, 2019
Wednesday Sep 04, 2019
Most millennials expect to be more financially stable than their parents but almost half feel they are failing or off to a slow start on that goal. Host Mustafa Alrawi, Assistant Editor in Chief at The National, speaks to Kelsey Warner, resident millennial and The National’s Assistant Business Editor, about why so many of her generation feel the burden of financial pressures and “adulting”.
Also in this episode we take a look at how Elon Musk and Jack Ma have very different opinions on the future of AI and what that means for the future of humans.
Read more on our website:
• Millennials in UAE burnt out by the financial stress of 'adulting'
Read more on our website:
• Millennials in UAE burnt out by the financial stress of 'adulting'
Wednesday Aug 28, 2019
Wednesday Aug 28, 2019
A survey of thousands of professionals and employers in the region shows that almost all are optimistic about their careers amid shifts in technology and types of jobs
Nine out of ten 10 professionals in the UAE feel upbeat about the future of work but how optimistic should you be about your own career prospects in a fast changing world?
Mustafa Alrawi, Assistant Editor in Chief, and Kelsey Warner and Chris Nelson, Assistant Business Editors discuss the state of the workplace and how technological trends are changing the nature of jobs and employers' attitudes for the better.
Also we discuss the tie-up between DP World and Zhejiang China Commodity City Group Company to build a smart free zone marketplace at Jebel Ali, as well as the broader implications of the volatility caused to global markets by the US-China trade war.
In this episode:
In this episode:
- Headlines (0m 38s)
- DP World (1m 21s)
- US-China trade (4m 37s)
- Future of work (11m 56s)
Read more on our website:
•Majority of UAE professionals optimistic about the 'future of work'
•DP World and China to develop 'smart' marketplace in Jebel Ali
Read more on our website:
•Majority of UAE professionals optimistic about the 'future of work'
•DP World and China to develop 'smart' marketplace in Jebel Ali