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☆ Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ
▼ + stars: | 2024-05-02 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

A general view of the city skyline at sunset from Dhow Harbour on February 5, 2015 in Abu Dhabi, United Arab Emirates. DUBAI — Abu Dhabi artificial intelligence firm Presight bought a 51% stake in AIQ, a joint technology venture between the Abu Dhabi National Oil Company (ADNOC) and G42, a major Abu Dhabi-based AI and cloud company. The new ownership structure will see ADNOC holding 49% of the company and giving it a valuation of $1.4 billion, according to a joint company press release. ADNOC will in turn get a 4% stake in Presight, as it aims to integrate AI into more of its operations and services. AIQ uses AI and machine learning to improve processes in the oil and gas industry.

Persons: Presight, ADNOC, CNBC's Dan Murphy, Chris Cooper, We've, Cooper Organizations: United, United Arab Emirates, Abu Dhabi National Oil Company Locations: Harbour, Abu Dhabi, United Arab, DUBAI, AIQ, Presight, ADNOC

☆ Dubai’s floods were made worse by climate change, scientists find
▼ + stars: | 2024-04-25 | by ( Angela Dewan | ) edition.cnn.com time to read: +5 min

Using scientific models, the team was unable to determine precisely how much more likely climate change had made the floods. Changing circulation patterns driven by global warming are also increasing rainfall intensity, the analysis noted. Global warming was the only remaining reason they could identify to explain the heavier downpour. However, the focus must be on slowing climate change, she added. “While we can’t stop El Niño, we can stop climate change,” Otto said.

Persons: Amr Alfiky, ”, Sonia Seneviratne, Mansour Almazroui, King Abdulaziz University’s, Friederike Otto, Niño, Otto said, El, ” Otto, Francois Nel, Sultan Al, Jaber, CNN’s Abbas Al Lawati Organizations: CNN, United Arab, United Arab Emirates, Global, Reuters “, Institute for Atmospheric, Science, King Abdulaziz University’s Center, Excellence, Change, Grantham Institute, International Energy Agency Locations: United Arab Emirates, Oman, El, Dubai, UAE, Dubai’s, Zurich, Jeddah, Saudi Arabia, London, Paris, deadlier

DUBAI — One of the world's busiest airports temporarily halted operations as the United Arab Emirates experienced its heaviest rainfall on record. The airport said road blockages and flooding have prevented many passengers from reaching the airport for departing flights. Fly Dubai, a budget carrier owned by the government of Dubai, suspended all flights from the UAE hub until 10 a.m. local time on April 17, citing extreme weather. The UAE saw over 100 mm of rain, a 75 year record since the UAE began recording rainfall. It also advised people to take preventative measures to avoid property damage from heavy rain and hailstorms.

Organizations: United Arab Emirates, Dubai's, CNBC, Emirates, National, of Meteorology, Disaster Authority Locations: DUBAI, Dubai, UAE, Al Ain

☆ UAE government unit denies cloud seeding took place before Dubai floods
▼ + stars: | 2024-04-17 | by ( Joan Muwahed | ) www.cnbc.com time to read: +1 min

The organization told CNBC that it did not dispatch pilots for seeding operations before or during the storm that struck the UAE on Tuesday. Omar AlYazeedi, deputy director general of the NCM, said that the institution "did not conduct any seeding operations during this event." He added, "One of the basic principles of cloud seeding is that you have to target clouds in its early stage before it rains, if you have a severe thunderstorm situation then it is too late to conduct any seeding operation." The NCM denial follows an earlier Bloomberg report, in which Ahmed Habib, a specialist meteorologist, had said that the Tuesday rains had stemmed partly from cloud seeding. Habib later told CNBC that six pilots had flown missions as part of regular protocol, but had not seeded any clouds.

Persons: Omar AlYazeedi, Ahmed Habib, Habib Organizations: National Center of Meteorology, United Arab Emirates, CNBC, Bloomberg Locations: DUBAI, Dubai, UAE, Emirate, Al Ain

☆ The Orfali Bros Bistro is the best restaurant in the Middle East and North Africa — again
▼ + stars: | 2024-03-19 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +7 min

We love food, and we love people who love food,” says Orfali. Orfali Bros BistroA multicultural menuOrfali left Syria in 2006, relocating to Dubai a year later, and his brothers followed. “Different nationalities, different colors, different languages, different accents. Orfali Bros BistroA “flourishing” food sceneDubai’s restaurant scene has, until recently, been dominated by celebrity chefs and international franchises. “We build a relationship between us and the guests, and we make it family,” Orfali says.

Persons: CNN —, Mohamad Orfali, Treet Bel Laban ” —, ”, Orfali —, Mohamad, Omar, We’re, Orfali, “, Mohammad, barak, they’ve, Orfali Bros, Eclair, Samantha Wood, “ Mohamad, Wood, Chez Wam, ” Orfali, “ It’s Organizations: CNN, Michelin, ”, Orfali, UAE, Dubai, “, Bros Locations: Aleppo, Syria, Dubai, East, North Africa, Orfali’s, UAE, Lebanese, Sichuan, , “ Dubai, Hokkaido, Turkish

☆ Dubai’s bar scene is being redefined by artisanal champagnes
▼ + stars: | 2024-03-05 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +12 min

While the city has over 13,000 restaurants, its bar scene has largely been confined to Michelin fine dining, nightclubs, and boozy brunches. Look through the gallery and see the region's other top restaurants, as selected by 50 Best list group. The 50 Best has unveiled its 2024 list of the best restaurants in the Middle East and North Africa (MENA). Al Muntaha, which was recognized by Star Wine List as having the best sparkling wine list in the UAE earlier this year, has 166 labels on its champagne list, including around 60 recently added grower champagnes, says Lacroix. Tina HillierAnd the culture around drinking is largely focused on dining or special occasions, with little in between, says Krister Bengtsson, founder of Star Wine List.

Persons: Lana —, Nicolas Caupain, ”, boozy, Caupain, Raz Rahav, Tala Bashmi, Em Sherif, Yasmina Hayek, Fawzi Al Mulki, 3Fils, Khufu's, Solemann Haddad, Moonrise, Gregoire Berger, Berger, Himanshu Saini, Pol Roger, Queen Elizabeth II, Winston Churchill, champagnes, Larmandier Bernier, Ulysse Collin, Samuel Lacroix, Al Muntaha, Lacroix, “, Josette, Veuve Clicquot, Dom Pérignon, Millau, Lana, Tina Hillier, Krister Bengtsson, it’s, Bengtsson, ” Bengtsson, Jean Imbert, — Organizations: CNN, High Society, United Arab, Michelin, Middle, Gulf, Jordanian, Trèsind, Burj, Star Wine, Arabian, BOCA, Michelin Star, Wine, UAE Locations: Dorchester, Dubai, Emirate, Islam, United Arab Emirates, UAE, East, North Africa, Tel Aviv, Tala, Manama's, Bahrain, Beirut, Giza, Cairo, Ossiano, Atlantis, BOBY, Africa, Emirates, Swedish, Dubai’s, Paris, London , New York, French

☆ I was in Moscow the day Putin invaded Ukraine, and some Russians were in tears
▼ + stars: | 2024-02-24 | by ( Cameron Manley | ) www.businessinsider.com time to read: +10 min

Russian police officers detain a woman during an unsanctioned protest rally against the military invasion on Ukraine, March,6, 2022, in Central Moscow, Russia. These quickly ceased when they saw Russian colleagues in tears, whose life savings had halved overnight. Russian friends began referring to Tbilisi as the "new Constantinople," referencing the city where anti-Bolshevik Russians fleeing the Communist revolution had taken refuge a century before. Russian President Vladimir Putin (L) meets French President Emmanuel Macron (R) on February 07, 2022 in Moscow, Russia. I stood at the glass window silently as the Russian border guard inspected my passport and now useless work permit.

Persons: —, Cameron Manley, Russia's, didn't, Vladimir Putin, Putin idi nakhui, Putin, Mir, Pushkin, Konstantin Zavrazhin, Alexey Malgavko, Stringer, Zelenskyy, Volodymyr Zelenskyy, Karen Minasyan, pragmatically, gossiped, Emmanuel Macron Organizations: Service, Business, REUTERS, National Guard, Anadolu Agency, Getty, Armed Forces of, Facebook, Bolshevik, Communist, Kremlin Press, AP, Saint Locations: Edinburgh, Scotland, Moscow, Ukraine, Russia's, Europe, Russia, Central Moscow, Russian, Omsk, Kyiv, Armed Forces of Ukraine, seeping, Belarus, Yerevan, Armenia, AFP, Istanbul, Dubai, Tbilisi, Constantinople, St Petersburg, Helsinki, West, Switzerland, Saint Petersburg, Finland

☆ COP28: Fossil fuel industry has nearly quadrupled registrations at climate summit since last year, watchdog report says
▼ + stars: | 2023-12-05 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

The report was not able to count how many fossil fuel representatives are actually in attendance, though it has shown registration numbers have been increasing over the years. COP28 President Sultan Al Jaber, also an oil executive, has argued the fossil fuel industry should be involved in the summit. The analysis from the coalition, which this year organized under the name Kick Big Polluters Out, looked at the provisional list of COP participants to identify registrants with self-declared ties to fossil fuel companies or organizations with fossil fuel interests or foundations owned or controlled by a fossil fuel company. “The hallways and negotiating rooms of this climate conference are flooded with the largest number of fossil fuel lobbyists ever,” said Lili Fuhr, director of the fossil fuel energy program at the Center for International Environmental Law. Governments must “remain focused on delivering an outcome that supports and mandates a full phase out of fossil fuels while protecting public policy-making from fossil fuel interests,” she told CNN.

Persons: Sultan Al Jaber, ”, Lili Fuhr, Al Jaber Organizations: CNN, United Arab Emirates, Global, Dubai, United Nations, Center for International Environmental Law Locations: Dubai, Brazil, Egypt, COP27, COP28

☆ At Dubai Design Week, an architect created a space for humans and pigeons to share
▼ + stars: | 2023-11-10 | by ( Manav Tanneeru | Arya Jyothi | ) edition.cnn.com time to read: +5 min

Among them, Dubai-based Syrian Ahmad Alkattan has created a cocoon-style intimate outdoor social space where designers can “hatch” their ideas. Alkattan’s design is part of the annual Dubai Design Week and won first place in its Urban Commissions competition, which invites designers and architects to develop innovative outdoor furniture. This year, more than 30 designs for installations submitted for DDW have been built in the city’s Design District. Dubai Design WeekAhead of the upcoming COP28 climate conference in Dubai, the theme for this year’s design week emphasizes sustainable practices and materials. “So [the competition] is a very relevant project not just for what is staged in Dubai Design Week, but where we can see this in the future.”Designest is Alkattan’s third attempt at winning the Urban Commissions category.

Persons: Ahmad Alkattan, “ Designest, Alkattan, Designest, “, I’ve, Mette Degn, Christensen, DDW, it’s, ”, Abdalla, TEE VEE, Degn Organizations: CNN, Design, Dubai Design, DDW, Mitsubishi, Tea Locations: Dubai, Dubai —, Venice, Arabi, UAE

☆ Revenge travel is over — even in China, says CEO of InterContinental Hotels Group
▼ + stars: | 2023-10-24 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +3 min

In this article IHG-GBIHG Follow your favorite stocks CREATE FREE ACCOUNTPent-up travel demand — which drove global travel recovery following the Covid-19 pandemic — is over, said Intercontinental Hotels Group CEO Elie Maalouf. "So we're really past revenge travel — even in China." The company's latest quarterly update showed travel demand remained strong during the close of the summer travel season. Elie Maalouf CEO of Intercontinental Hotels GroupThe company currently operates more than 6,200 hotels worldwide and has another 1,978 in the pipeline. "In the United States, there are about 9,000 hotels that we think are interested in joining a system.

Persons: Elie Maalouf, Maalouf, We're, —, it's, IHG, Garner Organizations: Intercontinental Hotels, CNBC, Hotels, Resorts, Dubai —, Holiday Locations: China, Greater China, Beijing, Shanghai, Guangzhou, Shenzhen, Americas, Europe, Middle East, Africa, Asia, —, Spanish, Dubai, ., Southeast Asia, Central Asia, United States

☆ They Came, They Shaped, They Shredded
▼ + stars: | 2023-09-22 | by ( Molly Young | More About Molly Young | ) www.nytimes.com time to read: 1 min

The coffee table book is the rare genre defined not only by content but by destination. Sure, not all of these oversized tomes wind up marooned beside a scented candle in someone’s living room — some make it all the way to hotel lobbies and the waiting rooms of cosmetic dentistry practices. I’ve seen volumes on Panama hats, rattan and a mall in Dubai — worthy topics of study, surely, but perhaps not majestic enough to merit the heft of the format. Jimmy Metyko’s SHAPING SURF HISTORY (Rizzoli, $55) is, though sneakily. But what a scene to witness.

Persons: Jimmy Metyko’s Locations: Panama, Dubai, California

☆ Russian tech billionaire breaks silence, says he's horrified by Putin's 'barbaric' war in Ukraine
▼ + stars: | 2023-08-10 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +2 min

A cofounder of Russian internet company Yandex has come out against his country's war in Ukraine. Arkady Volozh, a billionaire who now resides in Israel, had refrained from public criticism. Few Russians of such elite economic status have openly come out against the Ukraine War. In particular, the EU accused Volozh's company of promoting Russian state narratives in its search results, according to the BBC. In a statement on Thursday, Volozh said he is personally "horrified" by Russia's war in Ukraine and the plight of Ukrainians "whose houses are being bombed every day," the Financial Times reported.

Persons: Yandex, Arkady Volozh, Volozh's, Volozh, Vladimir Putin, Pavel Durov, — Organizations: Russian, Service, European Union, BBC, Financial Times, Dubai — Locations: Ukraine, Israel, Wall, Silicon, Russian, EU, Dubai

☆ Many office buildings are 'obsolete' and need to be converted or die, CEOs of some of real estate's biggest players told world leaders
▼ + stars: | 2023-01-18 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

It's time to face a harsher reality, real estate executives told financial and world leaders at the World Economic Forum's annual meeting in Davos, Switzerland, on Wednesday. The results of flexible work programs have hit the values of older office buildings in cities across the world as office tenants downsize. Sajwani, Palladitcheff, Ulbrich and Cantor Fitzgerald CEO Howard Lutnick all agreed that many office buildings will need to be repurposed or torn down. It's those less attractive places that face multiple challenges of crime and homelessness where the value of office buildings will deteriorate "quite quickly." Office buildings "will become eyesores and they will need to be fixed," Lutnick said.

☆ The gourmet food scene in the UAE is taking on the likes of Paris, New York and London
▼ + stars: | 2022-12-30 | by ( Emma Procter | ) www.cnbc.com time to read: +4 min

DUBAI, United Arab Emirates — While the economic outlook for much of the world is predicted to be rocky over 2023, in the Gulf there's a buoyant mood. This is especially true for the United Arab Emirates, with the country's economy growing by more than 6% this year, according to the International Monetary Fund. For a few nights only, well-heeled guests sampled creations such as pan-fried squid with black garlic, Paris mushrooms and rocket. Michelin chiefs agree, saying that the UAE is now on par with the big global gourmet destinations such as Paris, New York, Singapore, and London. "We would say the restaurants in the Michelin Guide selection in the UAE are equal to the big cities."

☆ Iran protests Western stance on mass protests over woman’s death
▼ + stars: | 2022-09-26 | by ( ) www.nbcnews.com time to read: +5 min

DUBAI — Iran summoned the British and Norwegian ambassadors over what it called interference and hostile media coverage of the nationwide unrest triggered by the death of a woman detained by morality police. European Union foreign policy chief Josep Borrell said Iran should “immediately stop the violent crackdown on protests and ensure internet access. He also said that “acts of chaos” were unacceptable and that Iran must deal decisively with the unrest. Iran’s state television said 41 people have been killed since the protests broke out following Amini’s death on Sept 16. State media said 12 bank branches were destroyed in the unrest in recent days, and 219 ATMs have been damaged.

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