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Business Extra

The National Newswww.thenationalnews.com
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.
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Episodes

World Economic Forum opens summit on post-Covid 19 future

Covid-19 has disrupted progress towards many goals, including the 2030 Agenda for Sustainable Development and the Paris Climate Agreement. According to the World Economic Forum, the need for new ideas and collective action “has rarely been more urgent”. But how will action happen and who is leading the charge on the ‘Great Reset’ the forum’s founder, Klaus Schwab, is advocating for? Terri Toyota, a director at the forum, joins co-hosts Mustafa Alrawi and Kelsey Warner to discuss the fourth Susta...

Sep 22, 202015 min

How in-person events can stage a comeback

This week on Business Extra, Kelsey Warner talks to Sudhir Syal, chief executive of BookMyShow Middle East, and Naji Al Haddad, managing director of the Global Association of the Exhibition Industry for Middle East and Africa about how Covid-19 changed the events and exhibitions industry for the foreseeable future. In this episode: How important is the events and exhibitions industry for the UAE economy? (1m 20s) The impacts of Covid-19 on in-person events (3m 44s) Role of technology in events a...

Sep 16, 202018 min

Farming UAE vegetables and shellfish during the pandemic

Kelsey Warner and Mustafa Alwari talk to Pure Harvest’s Sky Kurtz and Dibba Bay Oysters’ Ramie Murray about opportunities for homegrown start-ups, food security and agricultural innovation in the UAE. In this episode: Dibba Bay and Pure Harvest (0m 39s) Oyster Farming in UAE (1m 31s) Expansion during the pandemic (4m 04s) Food security in the Gulf and the farm to table dream (8m 17s) Keeping food fresh sustainably (14m 42s) Headlines (19m 27s) Read more on our website: • Investcorp and China Res...

Sep 09, 202020 min

How to future in a world of hyperchange

After 15 years of working with Fortune 500 companies, governments and start-ups, Scott Smith says anyone can make sense of this age of uncertainty and act. Host Kelsey Warner speaks to the futurist, founder of Changeist and author of How to Future: Leading and Sense-making in an Age of Hyperchange about how he maps the future. To future is a verb, not a noun. And in a year like 2020, futuring has never been more important. If futuring is something we can all do, all the time, what does that look...

Sep 02, 202019 min

What it will take to rebuild a shattered Beirut

This week, Mustafa Alrawi and Kelsey Warner talk to Fadi Adra, a partner with Strategy&, on the impact assessment his team did to help route aid to those most in need in Beirut. In this episode: The Strategy& impact assessment (0m 51s) What are the urgent needs in Beirut? (5m 05s) What do the numbers tell us about progress? (8m 40s) How did Covid affect Lebanon after the blast? (11m 21s) How are surveys helping? (13m 00s) NGO's and crisis consultation (15m 13s) Private sectors and Lebano...

Aug 26, 202023 min

Aldar’s Greg Fewer is optimistic for signs of recovery by year-end

The chief financial and sustainability officer is optimistic for signs of recovery by year-end. Greg Fewer, Aldar’s chief financial and sustainability officer, joins host Kelsey Warner to talk about financial results from an unprecedented second quarter. They discuss what Abu Dhabi’s biggest developer and asset manager did to manage losses at the peak of shutdown measures, and how it plans to sustain and grow in the months to come. Also in this episode, Mr Fewer shares his outlook for real estat...

Aug 19, 202024 min

How Lebanon's economy went 'beyond the brink'

This week, Nassib Ghobril, head of economic research at Lebanon’s Byblos Bank, and Massoud Derhally, The National's business editor, join host Kelsey Warner to discuss Lebanon's precarious economic future. In this episode: Hassan Diab's resignation (0m 5s) Nassib Ghobril on Lebanon's economic status (1m 13s) Lebanon since the civil war (4m 17s) IMF bailout for Lebanon (6m 39s) The new government and the financial system (12m 31s) What can we expect this year for Lebanon? (16m 09s) Read more on o...

Aug 12, 202019 min

Business Extra Special: ENEC’s Mohamed Al Hammadi on UAE’s nuclear energy ambitions

On this special edition of Business Extra, Kelsey Warner talks to Mohamed Al Hammadi, chief executive of the Emirates Nuclear Energy Corporation, about the Barakah nuclear power station and UAE’s nuclear energy ambitions. In this episode: On the moment Unit 1 powered on (0m 47s) How nuclear energy fits into the UAE's Energy Strategy 2050 (3m 41s) When Units 2, 3 and 4 will be ready (6m 23s) Building a local team and community in Al Dhafra (8m 47s) Lessons in leadership during Covid-19 (13m 39s) ...

Aug 05, 202020 min

Microsoft finds the 9-to-5 workday is fading away

New research from Microsoft found that the expectation of the 9 to 5 is starting to slip away amid the global shift to remote work. The US tech company, which owns email service Outlook and event manager Calendar, as well as LinkedIn and search engine Bing, has one of the biggest data sets on who we are and what we do at work. It mined its trillions of data points based on emails, meetings, searches and posts to come up with its Work Trends Index. To discuss the company's findings, host Kelsey W...

Aug 05, 202018 min

IEA’s Fatih Birol on the opportunities for Iraq's economy

This week, The National 's Editor-in-Chief, Mina Al-Oraibi, talks to Mustafa Alrawi about her interview with the International Energy Agency's executive director Dr Fatih Birol regarding efforts to diversify and reform Iraq's economy. In this episode: Mina on Iraq's future (0m 30s) Dr Fatih Birol about the investment environment in Iraq (4m 20s) Gas flaring and Iraq's government (5m 35s) Headlines (14m 25s) Read more on our website: • Energy and legal framework reforms will usher stability into ...

Jul 29, 202015 min

Sovereign wealth funds hunt for opportunity amid Covid-19 crisis

It seems that despite the market volatility caused by the fallout from the coronavirus pandemic that many sovereign wealth funds had learned the lesson of the last financial crisis and were nimble enough and cash-heavy enough to seize the opportunities out there. On this week's episode, Mustafa Alrawi and Kelsey Warner talk to Zainab Kufaishi, head of Middle East and Africa at Invesco. In this episode: Intro (0m 08s) Zainab Kufaishi on Invesco's annual global sovereign asset management study (1m...

Jul 22, 202021 min

Economic stimulus in Dubai to get business back to normal

This week, hosts Mustafa Alrawi and Kelsey Warner discuss a third wave of economic stimulus for Dubai as signs of a rebound in commercial activity emerge and the emirate pushes to return business to normal as soon as possible. In a new book, the World Economic Forum's founder Klaus Schwab asks if there can even be a return to normal as the pandemic reveals a collective desire for change. Haider Ali Khan, chief executive of property portal Bayut, joins to talk about the company's future plans. In...

Jul 15, 202023 min

Google’s Lino Cattaruzzi on how ‘online became a lifeline’

For Google, it’s what you search for, what you watch on YouTube, the directions you prompt in Google Maps, that make it one of the biggest advertising juggernauts on Earth. Selling advertising spots across these channels made up 82% of Google parent company Alphabet’s first quarter revenue this year, $33.8 billion. While advertisers are expected to have spent less in Q2 amid the Covid-19 pandemic, analysts say the world jumped five years ahead in tech adoption in just 8 weeks as we moved to remo...

Jul 08, 202022 min

Iata’s Muhammad Albakri on Middle East airlines and how we will risk losing them

How will we fly again? That is the question as the UAE and other countries in the Middle East grapple with loosening Covid-19 related travel restrictions. Airlines have been in survival mode these past few months. Now they must take to the skies again… This week, Mustafa Alrawi and Kelsey Warner talk to Muhammad Albakri, VP Africa & Middle East at the International Air Transport Association, about the future of flying. In this episode: Muhammad Albakri on the future of air travel (0m 43s) Wi...

Jul 01, 202024 min

Amazon’s Ronaldo Mouchawar on charting growth in a crisis

Can there be winners in a global pandemic? For people, certainly not. But businesses can tell a different story - and Amazon is certainly one. With more customers at home and shopping online, Amazon’s e-commerce sales are booming. Remote work has also boosted demand for its cloud computing services - which accounted for three-quarters of its operating profit in the first quarter, with AWS holding about a third of global market share, trouncing its nearest competitor, Microsoft. Host Kelsey Warne...

Jun 24, 202019 min

Business Extra special: Adnoc CFO on record $20bn foreign investment

Six of the world’s leading investors, a total deal value of $20.7 billion, upfront proceeds of $10 billion. The Abu Dhabi National Oil Company has secured the biggest ever energy infrastructure deal in the region. Also one of the largest foreign direct investments in recent years, all amid a global pandemic. This week on a special edition of Business Extra, Mustafa Alrawi talks to Ahmed Al Zaabi, CFO at Adnoc. Read more on our website: • Record $20.7bn investment deal for Adnoc's gas pipelines •...

Jun 23, 202018 min

UAE’s energy minister on the transformation after coronavirus

The new reality for the world’s biggest oil producing countries and companies is being formed as the coronavirus pandemic alters projections for demand and consumption trends change. As UAE Energy Minister Suhail Al Mazrouei alluded to this week no one could have predicted the future would arrive so quickly for the industry. Mustafa Alrawi and Kelsey Warner talks to The National 's energy correspondent, Jennifer Gnana, about UAE's energy Minister Suhail Al Mazrouei statements and the future of t...

Jun 17, 202019 min

LinkedIn on in-demand jobs and first signs of optimism for labour market

One of the biggest casualties of the Covid-19 pandemic has been jobs. Lockdowns and travel bans have put unprecedented pressure on the global labour market, with tens of millions of people affected. With a front-row seat to the life of the white collar worker, is LinkedIn, the world’s largest professional networking platform. In the UAE, about half of adults - 4 million people - are members of the site. LinkedIn crunched the numbers on job postings and new hires. It says there are reasons for ca...

Jun 10, 202015 min

Mubadala and Nabta Health on healthtech innovation after coronavirus

Covid-19 has forced rapid transformation for healthcare providers and their patients. Host Kelsey Warner, future editor at The National is joined by Omar Fikree, the acting CEO of Abu Dhabi Telemedicine Centre and a VP at Mubadala Health Care as well as Sophie Smith, founder and CEO of Nabta Health in Sharjah, a healthcare platform for women, that provides personalised care using machine learning. They will discuss the future of healthcare, the way Covid-19 has given telemedicine a new lease of ...

Jun 03, 202020 min

Adnoc and Microsoft on the shift to remote working

With the public health crisis has come huge shifts in how we live, work and interact. Some form of remote working is likely to become a fixture for many companies even as we take tentative steps towards easing restrictions. Co-hosts Mustafa Alrawi and Kelsey Warner are joined by Ali Al Sayegh, vice president of internal communications & employee engagement at the Abu Dhabi National Oil Company (Adnoc) to talk about the massive shift and its affect on productivity and employee morale at one o...

May 20, 202024 min

Dining during coronavirus: Can UAE’s restaurant industry survive the pandemic?

The restaurant sector has for the most part been simmering on an upward curve this past decade in the UAE. The realities of the pandemic may have put a lid on this trend. Co-hosts Mustafa Alrawi and Kelsey Warner are joined by Alexis Marcoux-Varvatsoulis, a former chef and Foodservice Lead for MENA at property consultants JLL, and Ian Ohan, founder and CEO of restaurant operator Krush Brands, to talk about the future of the industry. In this episode: Kelsey on the F&B industry before Covid-1...

May 12, 202022 min

Dubai Future Foundation's top researcher on life after Covid-19

As the world awaits a vaccine, technology is stepping in to help us cope in the meantime. To take steps to return to a new normal, health care tech, artificial intelligence and remote work tools are all being turned to and tested like never before. After years of hype over tech’s potential to take care of us - such as wearable health monitors and apps - has its moment in health care finally arrived? And to what end? Patrick Noack, an executive director at the Dubai Future Foundation, joins co-ho...

May 06, 202026 min

The World Economic Forum on blockchain

As manufacturing and trade is disrupted by physical distancing rules and quarantine orders across the world, the resilience of supply chains for pharmaceutical and medical supplies, food and industrial and consumer products is in focus. Deploying blockchain technology could be the answer, according to the World Economic Forum. Co-hosts Mustafa Alrawi and Kelsey Warner are joined by Nadia Hewett, blockchain and digital currency project lead at the World Economic Forum to talk about the new toolki...

Apr 28, 202019 min

What do negative oil prices mean and how is Abu Dhabi coping with Covid-19?

For the first time in history this week, the US oil price turned negative on Monday, plunging below zero as output exceeded storage capacity and subdued demand due to the coronavirus pandemic grinds the world economy to a halt. What does this mean and where do energy producers go from here? Mustafa Alrawi, assistant editor in chief, and future editor Kelsey Warner are joined by The National ’s energy columnist and chief executive of Qamar Energy, Robin Mills to discuss. Later in the episode, the...

Apr 21, 202018 min

IMF's Jihad Azour on what to do when we exit the coronavirus crisis

From Tehran to Tangiers, there is a devastating toll on human health. Some 140,000 people across the region have been infected with the coronavirus, thousands have died and thankfully tens of thousands have recovered. Meanwhile, the pandemic is causing significant economic turmoil in the region through the twin shocks of disruption to trade and production and plummeting oil prices. The International Monetary Fund says the priority is to save lives as the Middle East and North Africa region face ...

Apr 15, 202024 min

What does the future hold for NMC Health?

NMC Health, one of the largest private healthcare companies in the UAE, is under pressure as dozens of creditors locally and internationally move to mitigate their exposure to the indebted group. Mustafa Alrawi, assistant editor in chief, and Kelsey Warner, future editor, are joined by The National 's Michael Fahy, who has been covering the unfolding saga. The 46 year-old company founded by BR Shetty is at risk of going into administration amid allegations of fraud. Management, board members and...

Apr 07, 202021 min

The Covid-19 response from India and China

When should we expect the world to get back to normal? The People’s Curfew is underway in India – stalling commercial activity in one of the world’s most important economies and impacting people’s lives. Authorities are attempting to slow the spread of the coronavirus and are concerned the peak of the outbreak there is still weeks away. From Mumbai, India’s financial hub, The National ’s correspondent Rebecca Bundhun joins to talk about business sentiment. Meanwhile, the fledgling beat of commer...

Mar 31, 202021 min

How aviation is coping with coronavirus

Globally, airlines and the people working in the aviation industry are in urgent need of support as the coronavirus pandemic grounds flights and closes borders. It will take hundreds of billions of dollars but that still may not be enough to stop many failing. In the UAE, the industry is saying it is resilient enough to cope. “As a global network airline, we find ourselves in a situation where we cannot viably operate passenger services until countries re-open their borders, and travel confidenc...

Mar 24, 202020 min

Coronavirus and the energy markets

Mustafa Alrawi assistant editor-in-chief and Kelsey Warner the future editor speak with Robin Mills, CEO of Qamar energy, about the coronavirus’ impact on the energy markets. As the world makes concerted efforts to help with the impact of the coronavirus public health crisis on people’s lives, business, trade and commerce could still end up permanently altered. In this episode: The financial crisis around the world (0m 49s) Robin Mills (9m 51s) Headlines (21m 15s) Read more on our website: • UAE...

Mar 17, 202022 min
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