Business Extra

Outlook for aviation in 2023

The global aviation industry will return to profit for the first time since 2019 as passenger demand continues to improve and Covid-19 related restrictions ease.

 

In the Middle East, airlines are also set to benefit from higher oil prices.

The optimistic forecast will depend on the impact of headwinds such as high jet fuel prices and reduced consumer spending amid an economic downturn.

 

After the conclusion of the International Air Transport Association conference in Geneva, Deena Kamel, The National's aviation correspondent, talks to host Mustafa Alrawi about the 12 months ahead.

 

In this episode:

How was the aviation industry in 2022? (1min 30sec)

Outlook for 2023 (3m 16s)

What are the obstacles currently facing the industry? (6m 47s)

The friction between airline and airports (9m 40s)

What will drive airline demands in the Gulf in 2023? (15m 4s)

 

Read more on our website:

• Deepak Chopra's factors for success
• US energy envoy Amos Hochstein at Adipec
• Zada Haj on future of Middle East food security

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Amos Hochstein, Mudaissir Sheikha, Deepak Chopra, Zada Haj

From what it takes to succeed to managing the energy crisis and what next for Bitcoin, the past 12 months have been dynamic for companies, businesses and executives.

 

Host Mustafa Alrawi reminds us of the highlights from Business Extra's coverage of this year's biggest themes and stories.

 

In this episode:

Amos Hochstein — Lessons learnt from being dependant on one energy supplier (1m 57s)

Zada Haj — Importance of food security (6m 12s)

Suzanne Duke — Perspective on the gender gap (13m 33s)

Kim Fournais — Saxo Bank and relationship with China (19m 10s)

Deepak Chopra — What is the meaning of leadership? (24m 44s)

Mudaissir Sheikha — Lessons learnt (29m 40s)

 

Read more on our website:

• Zoom's Sam Tayan on the new era for work

• Deepak CMajid Jafar on global energy crisis

• IFC on boosting women-led start-ups

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Majid Jafar on global energy crisis

Majid Jafar, the vice-chairman of Crescent Group and chief executive of Crescent Petroleum, said a crisis is playing out “across the entire world and all forms of energy. And that's never happened before”.

He tells host Mustafa Alrawi while short term issues like Ukraine, Covid-19 and stretched supply chains and China consuming more gas, have made the situation worse, a failure to invest in energy supply has chiefly created the crisis.

In this episode:

The energy transition and the impact on supply (0m 10s)

Climate change and moving forward with investment (10m 23s)

The evolution and significance of the oil and gas industry (15m 58s)

Iraq's outlook and advice for new graduates looking to be part of the industry (19m 13s)

 

Read more on our website:

• US energy envoy Amos Hochstein at Adipec - Business Extra

• Deepak Chopra's factors for success - Business Extra

• IMF's 2023 outlook for Gulf and Middle East - Business Extra

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Zoom’s Sam Tayan on the new era for work

Technology is enabling a new cycle of fundamental change according to Sam Tayan, Head of Mena at Zoom Video Communications. From hybrid work, to work from anywhere, to the four-day work weeks being trialed by companies around the world, there are shifting paradigms for how best to be productive and efficient following the Covid-19 pandemic.

Mr Tayan tells host Mustafa Alrawi the software and solutions supporting this change will also impact how healthcare and other services are delivered.

In this episode:

The future of tech and work (0m 10s)

ZOOM's innovations in creating a better experience (5m 45s)

Security in the virtual offices (8m 07s)

The outlook for WFH in the region (9m 35s)

 

Read more on our website:

• IFC on boosting women-led start-ups — Business Extra

• Deepak Chopra's factors for success - Business Extra

• Human behaviour and economic policy with NYUAD - Business Extra

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IFC on boosting women-led startups

A potential economic windfall awaits the Middle East and North Africa region if countries can close the gender gap and help more women into business. The International Finance Corporation's "She Wins Arabia" supports female-led start-ups across the Middle East and North Africa with finance and mentorship.

The second round of the initiative was launched last month and it is expanding to support 100 additional women-led startups and over 30 additional fund managers across Mena. The number of countries included in the IFC initiative has also grown to over 20 and will now also cover Bahrain, Iraq, Kuwait, Lebanon, Libya, Oman, Qatar, Saudi Arabia and Syria, and other countries in the region.

Sammar Essmat, Gender Lead, Middle East, Central Asia and Turkey at the IFC, talks to Mustafa Alrawi about the importance of providing such opportunities.

In this episode:

The IFC's role in creating gender balance in the economy (0m 09s)

Resolving the gender gap in the region (3m 41s)

Helping women take the risk (9m 38s)

The hopes for women led startups in 2023 (15m 51s)

 

Read more on our website:

• The Middle East needs a female Elon Musk

• Human behaviour and economic policy with NYUAD - Business Extra

• Deepak Chopra's factors for success - Business Extra

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Tech Mahindra’s Manish Vyas on 5G

From making the metaverse happen to improving the sustainability of networks, 5G mobile communications technology underpins the critical infrastructure needed to deliver the applications and solutions of the future.

Manish Vyas, President of the Communications, Media & Entertainment Business and CEO of Networks Services at Indian IT services company Tech Mahindra, speaks to host Mustafa Alrawi about the role of 5G in our lives.

In this episode:

The future of telecommunications and the vision for 5G (0m 09s)

The role of 5G in sustainability (8m 37s)

Will 5G help handle future crises better? (12m 49s)

Tech Mahindra's path towards sustainability (15m 09s)

 

Read more on our website:

• Takeo Kanade on rise of robots: 'Business Extra'

• Dubai's metaverse strategy: 'Business Extra'

• Zada Haj on future of Middle East food security: Business Extra

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Deepak Chopra’s factors for success

Deepak Chopra, founder of health company Chopra Global and the Chopra Foundation, is a doctor, entrepreneur and philanthropist with more than 30 years on the front lines of well-being.

He talks to host Mustafa Alrawi about how the metaverse can close the global health gap, what business leaders need to know to succeed today and how to handle the critics.

In this episode:

Deepak Chopra on success (0m 11s)

What is the meaning of leadership? (6m 00s)

The effects of technology and money (10m 37s)

Ensuring future technologies are inclusive and accessible (16m 56s)

 

Read more on our website:

• Human behaviour and economic policy with NYUAD - Business Extra

• Binance CEO: I did not expect to hear of FTX insolvency in call with Sam Bankman-Fried

• Disruption is the new normal – Business Extra

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Human behaviour and economic policy with NYUAD

In the aftermath of the financial crisis, technological shifts, the Covid-19 pandemic and climate change, governments have been working to deliver more effective economic policies and looking to understand how to best implement them.

 

The study of human behaviour has, as a result, become more critical in areas such as education, health and jobs.

 

Nikos Nikiforakis, professor of economics and co-director of the Centre for Behavioral Institutional Design (C-BID) at NYU Abu Dhabi, talks to host Mustafa Alrawi ahead of the centre's Behavioral Policy Design Conference in the capital in November.

 

Experts and policymakers will gather at the event to discuss how what we know about human behaviour is increasingly influencing how policy is being set.

 

In this episode:

What is behavioural social science? (48s)

The link between human behaviour and economic policy (1m 42s)

How is this implemented? (3m 24s)

Helping policy-makers make better judgements (6m 29)

How are theories tested? (10m 13s)

The role of economists (14m 58s)

 

Read more on our website:

• What does it take to ensure a green-energy future?

• Liz Truss's downfall and the problem with markets dictating government policy

• Disruption is the new normal

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US energy envoy Amos Hochstein at Adipec

Amos Hochstein, the US special envoy and presidential co-ordinator for international energy affairs on Tuesday signed in Abu Dhabi — on behalf of the US — a strategic partnership with the UAE to invest $100 billion to produce 100 gigawatts of clean energy by 2035.

At the oil and gas conference and exhibition Adipec, Mr Hochstein spoke to Business Extra host Mustafa Alrawi about the energy transition, how countries such as his can shape the future and also how he has been working for the past decade to make energy a tool of diplomatic co-operation and not conflict.

In this episode:

Amos Hochstein at ADIPEC on the Israel-Lebanon maritime deal (0m 09s)

What energy can do for countries and the US-UAE partnership (2m 39s)

Thinking medium and long term (8m 21s)

Moving forward from Europe's energy crisis (12m 32s)

 

Read more on our website:

• 'Energy transition must put society first to help avoid inequality'

• Why the UK is facing an energy price crisis: Business Extra

• IMF's Azour: Gulf economies must defend against global headwinds

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IMF’s 2023 outlook for Gulf and Middle East

The global picture is one of high energy prices, rising interest rates and an impending economic slowdown. Despite all of this, the Middle East North Africa region has proven resilient in 2022, according to the International Monetary Fund. However, the impact of taming inflation will be felt as we enter 2023.

Jihad Azour, the IMF Director of the Middle East and Central Asia Department, talks to host Mustafa Alrawi about the many risks to the outlook and what economies in the Gulf and wider Mena region can do to protect themselves.

In this episode:

The IMF's outlook for the Middle East and Central Asia (0m 09s)

How the region faired in 2022 (3m 00s)

The issues that might drag onto 2023 and the impact of inflation (6m 26s)

The outlook for Lebanon and the Gulf (9m 08s)

 

Read more on our website:

• Global action needed to prevent food crisis in Middle East and North Africa, warns IMF
• Mena region faces a ‘turning point’ and needs to press on with reforms as it recovers from pandemic, IMF says

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