Four talking points from the week in UAE business



We’ve covered plenty of contests this week - the world’s tallest tower, the Open Skies debate, and then Dubizzle revealed its most searched for item. Read on to find out who has come out on top.

Sky’s the limit for builders, or is it?

For the past five years Dubai has been carrying the bragging rights for the world's tallest tower. But that is set to change in 2018 when Saudi Arabia's Kingdom Tower, pictured, is slated for completion. This week we were given a first look at progress on the tower, which will top out at 1km beating the Burj Khalifa by more than 150 metres. The project has reached the 14th floor so far, and although there's literally a long way to go, we can start to wonder whether there will be an attempt by Dubai to reach even dizzier heights. Back in 2013 Saudi's Prince Al Waleed bin Talal invited the Emaar chairman Mohammed Alabbar to team up with his property development company Kingdom Holding to develop a mile high tower. While there's been nothing more on that, China has been getting in on the fun with its Phoenix Towers development - also set to nudge 1km and be complete in 2018. Should both towers go according to plan it will leave the Burj third on the podium - but for how long will Dubai position itself there? Ian Oxborrow

It’s not who starts the fight; it’s who ends it

In an interview with The National's Frank Kane, the president of Emirates shared a thought or two on the dispute between American and Arabian Gulf carriers. "Have you been on a US domestic flight? It's like travelling with a low-cost bus company. The terminals are full of frightened people sitting on the floors," Tim Clark, pictured, observed. Take that, Delta and American and United! If the big three American carriers had expected to pile up points with their campaign alleging that the big three of the Arabian Gulf were unfair beneficiaries of government largesse, it's not working. The Gulf airlines are punching back. Mr Clark said that the American carriers had hired "gumshoes" to no avail, that you could drive a "bulldozer" through their arguments, and that the US rivals "want to see us off the planet". In business terms, Mr Clark said the campaign by the American "troika" had inspired Emirates to reflect anew on its possibilities in the US market. He noted that Emirates now flies from Milan to New York, and "20 other cities have asked us to do the same." Such as? "Places like Denver and Fort Lauderdale would love to have Emirates flying there," he said. It's not who starts a fight; it's who ends it that counts. Mr Clark wants to end this fight on his terms. Rob McKenzie

Second-hand shoppers keep a watch online

The classifieds website Dubizzle revealed its most searched for items in the UAE so far this year, providing a timely reminder of what residents aspire to own. Although this story was covered by our News section, it provided a window into the retail sector and the burgeoning second-hand market that has been boosted by the ever-growing smartphone penetration in the Emirates. Televisions and mobile phones were predictably among the most searched for items, as was furniture from the Swedish retail behemoth Ikea, though whether that was because of an over-riding desire to own a Billy bookcase or due to a lack of furniture shops is open to debate. Some of the wackier items listed included eggs and a used toothbrush, while an Airbus A340 made an appearance on the site last month. As for the most searched for item ... it's a Rolex watch. Many expats may see their tax-free salary as an opportunity to save, but it doesn't mean they can't check out a bit of second-hand bling. Ian Oxborrow

Du hopes free Wi-Fi will be a smart move

Last Friday saw the official launch of WiFi UAE, a nationwide free Wi-Fi project designed to boost the take-up of e-government services, across more than 200 Dubai locations, including the Dubai Tram, Dubai Metro, DIFC, and Emaar Boulevard. The initial roll out is the fruit of a collaboration between Smart Dubai Executive Committee and telecoms operatior du, with a further 100 locations to be added before the end of the year. The service is available to anyone with a UAE mobile number, with free and premium access packages available. At first blush the move appears a risky one for du, for whom mobile data revenues are a fast growing part of its business. The operator is not receiving any payment for the service from Smart Dubai. But chief executive Osman Sultan insists that there a number of opportunities to derive revenue from the service via advertising revenues. Let's wait and see. John Everington

business@thenational.ae

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Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

COMPANY%20PROFILE
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Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The specs

Engine: 3.9-litre twin-turbo V8

Transmission: seven-speed

Power: 720hp

Torque: 770Nm

Price: Dh1,100,000

On sale: now

The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
MATCH INFO

Uefa Champions League semi-final, second leg result:

Ajax 2-3 Tottenham

Tottenham advance on away goals rule after tie ends 3-3 on aggregate

Final: June 1, Madrid

The specs

Engine: 3-litre twin-turbo V6

Power: 400hp

Torque: 475Nm

Transmission: 9-speed automatic

Price: From Dh215,900

On sale: Now

Company%20Profile
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Match info

Manchester United 0-0 Crystal Palace

Man of the match: Cheikhou Kouyate (Crystal Palace)

The bio

Job: Coder, website designer and chief executive, Trinet solutions

School: Year 8 pupil at Elite English School in Abu Hail, Deira

Role Models: Mark Zuckerberg and Elon Musk

Dream City: San Francisco

Hometown: Dubai

City of birth: Thiruvilla, Kerala

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Company%20Profile
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Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

COMPANY%20PROFILE%20
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Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 
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