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Abu Dhabi CNN —Starlink internet service, operated by Elon Musk’s SpaceX, will be provided to the UAE’s field hospital in southern Gaza for patients needing real-time video medical consultations, the UAE’s foreign ministry said on Wednesday. The UAE, which shares good relations with Israel, is one of the few countries operating a field hospital in Gaza. Starlink, operated by SpaceX, uses a network of thousands of satellites to provide broadband, and can deliver high-speed, low-latency internet to users all over the world, including in areas where conventional internet is unavailable. “Israeli security authorities approved the provision of Starlink services at the UAE’s field hospital operating in Rafah,” the Israeli communication ministry said in a statement on Wednesday. CNN was the first western media outlet allowed to visit the field hospital in Rafah in December.
Persons: Elon Musk’s, Afra Al Hameli, Musk, Shlomo Karhi, ” Karhi Organizations: Abu Dhabi CNN —, Elon, Elon Musk’s SpaceX, Communication, SpaceX, , Ukraine’s Defense Intelligence, Russian, CNN Locations: Abu Dhabi, Gaza, Rafah, UAE, Israel, Starlink, Ukraine, Russia
DUBAI, United Arab Emirates (AP) — The CEO of ChatGPT-maker OpenAI said Tuesday that the dangers that keep him awake at night regarding artificial intelligence are the “very subtle societal misalignments” that could make the systems wreak havoc. “There’s some things in there that are easy to imagine where things really go wrong. And I’m not that interested in the killer robots walking on the street direction of things going wrong," Altman said. G42 has what experts suggest is the world's leading Arabic-language artificial intelligence model. However, the discussion with Altman, moderated by the UAE's Minister of State for Artificial Intelligence Omar al-Olama, touched on none of the local concerns.
Persons: OpenAI, Sam Altman, Altman, shouldn't, “ We’re, Everyone’s, Abu, Artificial Intelligence Omar al, ” Altman, Organizations: United Arab Emirates, World Governments, International Atomic Energy Agency, Emirates, State, Artificial Intelligence Locations: DUBAI, United Arab, Dubai, UAE, Abu Dhabi
Altman, the OpenAI chief, is reportedly trying to raise trillions to boost supplies of the chips needed for AI processing. The Nvidia CEO said AI infrastructure costs would be considerably less than the $5 trillion to $7 trillion Altman is reportedly trying to raise because of expected advances in computing. He also suggested that the cost of building AI data centers globally would amount to $2 trillion by 2029. Huang said: “There’s about a trillion dollars’ worth of installed base of data centers. Nvidia has held talks with companies including OpenAI, Microsoft, Google and Meta to develop custom chips for data centers, unnamed sources told Reuters.
Persons: , Jensen Huang, Sam Altman, Altman, Huang, Omar Al Olama, ” Huang, OpenAI didn’t Organizations: Service, Nvidia, World Governments, Business, United, United Arab Emirates ’, Street, Microsoft, Google, Reuters Locations: Dubai, United Arab, UAE
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlack swans happening once every three months, UAE economy minister says on tradeAbdullah bin Touq Al Marri, the UAE economy minister, says geopolitical tensions across the world are causing trade disruptions regularly.
Persons: Abdullah bin Touq Al Marri Locations: UAE
(Reuters) -Five people, including Somali military officials and a United Arab Emirates (UAE) soldier, were killed on Saturday after a soldier opened fire at a military base in the capital Mogadishu, an army officer and hospital staff told Reuters. The gun man, a newly-trained Somali soldier, was also shot dead in the Gordon military base managed by the UAE, the officer, who gave his name only as Ahmed, said. "The soldier opened fire on the UAE trainers and Somali military officials when they started praying. Al Shabaab, linked to al Qaeda, claimed responsibility for the attack via a statement on its Radio al Andalus and said its fighters had killed 17 soldiers. Al Shabaab has waged an insurgency against the Somali government since 2006 to try to establish its own rule.
Persons: Gordon, Ahmed, Al Shabaab, Hassan Sheikh Mohamud, Abdi Sheikh, Elias Biryabarema, Surbhi Misra, Barbara Lewis Organizations: Reuters, United, United Arab Emirates, UAE, Erdogan, Surbhi Locations: United Arab, UAE, Mogadishu, Somali, Israel, Gaza, al Shabaab, Somalia, Al, al Qaeda, Andalus, Nairobi, Bengaluru
“The Russian government must have the data of how many foreign fighters have joined the Russian army and how many Nepalis are fighting for Russia,” she said. The Russian foreign ministry has not responded to CNN’s questions about the number of Nepalis recruited by the Russian army and how many of them have died so far. She thought her husband, Shukra Tamang – a retired Nepali army soldier fighting for Russia – was the person calling. A photo shows Shukra Tamang, a retired Nepali army soldier, training in Russia. Bonuses paidNepali men who want to join the Russian army first travel to Russia on a tourist visa.
Persons: Nepal CNN — Ramchandra Khadka, Khadka, , ” Khadka, Ramchandra Khadka, , Bimala Rai Paudyal, Nepalis, Kritu Bhandari, Russia haven’t, Bhandari, , Januka Sunar’s, hasn’t, Sunar, , Januka Sunar, it’ll, Tamang, Shukra Tamang, Shukra, , Russia –, Shishir Bishwokarma, Avangard, Suman Tamang, ” Tamang, “ It’s, It’s, Binoj Basnyat, Ram Sharma, Sharma, ” Sharma, Saud, Nepalis haven’t, Bhupendra Bahadur Khatri, hadn’t, ” Khatri, Basnyat Organizations: Nepal CNN, Russia, Ukraine, CNN, Russian, Henley & Partners, Bank, Communist Party of Nepal, Maoist, CNN CNN, YouTube, AK, Moscow Oblast, Avangard, United Arab, Agents, Moscow, CNN Kathmandu, World Bank Locations: Kathmandu, Nepal, Ukraine, Afghanistan, Russia, Russian, Moscow, Bakhmut –, Bakhmut, North Korea, Januka, Nepali, Avangard, Indian, United Arab Emirates, India, Dubai, UAE
The attack took place at the General Gordon military base in Mogadishu on Saturday night, the ministry said. UAE personnel had been training soldiers from the Somali Armed Forces as part of an agreement between the UAE and Somalia, the ministry said. A UAE army officer told Reuters that the gunman was a newly trained Somali soldier. “The soldier opened fire on UAE trainers and Somali military officials when they started praying,” the official said. “We understand the soldier had defected from al-Shabaab before he was recruited as a soldier by Somalia and UAE,” the UAE army official said.
Persons: Gordon, , Shabaab, Hassan Sheikh Mohamud Organizations: CNN, United Arab Emirates Armed Forces, Bahrain Defense Force, UAE, Somali Armed Forces, Reuters, , UN Security Locations: Mogadishu, UAE, Somalia, Somali, Andalus, al, Shabaab
DUBAI (Reuters) - The United Arab Emirates said it succeeded in mediating the release of 100 Russian prisoners of war in exchange for 100 war prisoners from the Ukrainian side. Russia's Defence Ministry, in a post on the Telegram messaging app, noted the UAE's "humanitarian mediation", as did Ukrainian President Volodymyr Zelenskiy and the Ukrainian body overseeing exchanges of POWs. The UAE's foreign ministry said it is the third mediation effort between Russia and Ukraine this year adding that it is calling for diplomacy, dialogue, and de-escalation, state news agency WAM reported. (Reporting by Nayera Abdallah; Editing by Kim Coghill)War in Israel and Gaza View All 194 ImagesThe Latest Photos From Ukraine View All 91 Images
Persons: Volodymyr Zelenskiy, WAM, Nayera Abdallah, Kim Coghill Organizations: Reuters, United Arab, Russia's Defence Ministry Locations: DUBAI, United Arab Emirates, Ukrainian, Russia, Ukraine, Israel, Gaza
Sam Altman is aiming to raise as much as $7 trillion to significantly increase the world's supply of semiconductor chips, The Wall Street Journal reported. The OpenAI chief has been talking to prospective investors including the United Arab Emirates government about his proposals to help solve the global chip shortage. One potential backer Altman's been courting is the UAE's Sheikh Tahnoun bin Zayed al Nahyan, with the pair meeting recently, the Journal reported, citing unnamed sources. Altman is said to be presenting his idea as a partnership with OpenAI, chip makers, and investors who can finance GPU chip plants. The facilities will then be run by established chip makers, the report says.
Persons: Sam Altman, Altman's, Tahnoun bin Zayed al Nahyan, Altman, CEO's, openai, OpenAI didn't Organizations: Street Journal, United Arab Emirates, OpenAI, Nvidia, Financial Times, Google, Business Locations: Silicon
CNN —Meta has removed the Facebook and Instagram accounts of Iran’s Supreme Leader, Ayatollah Ali Khamenei. According to Meta, the accounts have been disabled, which means they are permanently removed. “We have removed these accounts for repeatedly violating our Dangerous Organizations & Individuals policy,” a Meta spokesperson told CNN. Meta did not give a specific reason as to why Khamenei’s account fell under the Dangerous Organizations and Individuals Policy. “We expect the threat posed by Iran’s cyber and influence operations will grow as the conflict persists,” the Microsoft Threat Intelligence report said.
Persons: Ali Khamenei, Biden, , Mahsa Alimardani, Meta, Organizations: CNN, Meta, Facebook, Iran’s, Organizations, US State Department, Foreign Terrorist Organization, Microsoft, ” Microsoft, Intelligence Locations: Iran, Yemen, Israel, Tehran, , Iranian, UAE, Canada
The newly opened twin skyscrapers One Za’abeel are home to the world’s longest cantilever building and on it, the United Arab Emirates’ longest suspended infinity pool, which is 120 meters (393 feet) in length. The 120-meter-long (394-feet) pool at The Link is the UAE's longest suspended infinity pool. World's highest infinity pool: Dubai has another Guinness World Record to add to the pile. Courtesy Address Hotel + Resorts Two world records: The skybridge connecting the top part of Jumeirah Gate is home to luxury apartments. Courtesy Address Hotel + Resorts Bedroom: There are 217 guest rooms and suites in the hotel and close to 1,000 apartments in Address Beach Residences.
Persons: Fadi Jabri, , it’s, Badr Benryane, “ It’s, , Benryane, You’re, Skypool, it's Organizations: CNN, CNN —, United, United Arab Emirates ’, Nikkei, cabanas, VIP cabanas, Resorts Zeta, Zeta Seventy, Eiffel, Covid Locations: CNN — Dubai, United Arab, Sekkei Dubai, Peruvian, loungers, Dubai, Jumeirah, Badr
(Reuters) -OpenAI CEO Sam Altman is in talks with investors, including the UAE, to raise funds for a tech initiative to boost the world's chip-building capacity and expand its ability to power AI, among other things, the Wall Street Journal reported on Thursday. The project could require raising as much as $5 trillion to $7 trillion, the report added, citing people familiar with the matter. Altman's fundraising plans are aimed at solving constraints to OpenAI's growth, including the scarcity of artificial intelligence (AI) chips required to train large language models behind systems such as ChatGPT, the WSJ reported. War in Israel and Gaza View All 206 ImagesThe Semiconductor Industry Association (SIA) has forecast a 13.1% jump in global chip sales to $595.3 billion this year, compared with a drop of about 8% in sales in 2023. The amounts Altman has discussed are outlandishly large by the standards of corporate fundraising, the report added.
Persons: Sam Altman, Altman, Gnaneshwar Rajan, Rashmi Aich Organizations: Reuters, Wall Street, Microsoft, Semiconductor Industry Association, SIA Locations: UAE, Israel, Gaza, OpenAI, Bengaluru
The company, founded by Russian-Swiss entrepreneur Anton Chirkunov, told CNBC it will offer rides in the United Arab Emirates city starting Wednesday, catering mainly to wealthy clients. "European families and entrepreneurs have been moving to Dubai in the last five years," Chirkunov told CNBC in an interview ahead of the launch. Wheely's platform is tailored more toward mass market usage, however, and Chirkunov thinks his platform has an opportunity to stand out. He compares the Wheely brand to the American Express Centurion and Platinum membership credit cards in terms of brand status. Wheely plans to expand its Middle East team and chauffeur network to over 1,000 in the next three to five years, the company told CNBC exclusively.
Persons: Shariff, Covid, Anton Chirkunov, Wheely, That's, Mercedes, Chirkunov, it's, chauffeurs, Duke of Northumberland, Covid lockdowns Organizations: Russian, CNBC, United Arab Emirates, BMW, Benz, Tesla, American Express, Mercedes, East, Companies Locations: Dubai, Swiss, Europe, London, Mayfair, City of London, Wheely, Paris
According to Forbes' 2023 Travel Guide, Dubai has nine 5-star hotels , compared to Abu Dhabi's three and two in Qatar and Saudi Arabia. Saudi Arabia has made it clear that it wants in on international travel, stating it aims to attract 100-150 million visitors by 2030. Saudi Arabia is catching up with a new airlineThe competition is perhaps the most heated in the aviation industry. On its double-decker Airbus A380, Dubai's airline, Emirates, has top amenities like a shower for business-class passengers, plus an on-board bar. AdvertisementAnd even if it succeeds in attracting tourists to Saudi Arabia, it is unlikely to knock Emirates off its perch.
Persons: , Saudi Crown Prince Mohammed bin Salman Al Saud, Saudi Arabia hasn't, Abu, Abu Dhabi, Forbes, Abu Dhabi's, Faisal Alibrahim, Alibrahim, Mohammed Bin Salman, Kristian Coates Ulrichsen, Ulrichsen, Skytrax, Pete Syme, Tony Douglas, Douglas, That's, OAG Organizations: Service, United Arab Emirates, Business, Saudi Crown, Etihad, Bloomberg, CNN, Saudi, Economic, Rice, Baker Institute for Public Policy, Emirates, Qatar Airways, Qatari, Etihad Airways, Riyadh Air, Air, Riyadh Air's Boeing, Boeing, Dubai International Airport Locations: Dubai, Gulf, Saudi, Saudi Arabia, Riyadh, Abu, UAE, Qatar, Davos, Neom, Emirates, Still, Kingdom of Saudi Arabia, Europe, Americas, Africa, Asia
UAE Sends First Ambassador to Syria Since Conflict
  + stars: | 2024-01-30 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: +1 min
Incoming Emirati envoy Hassan al-Shehi presented his credentials to Syria's foreign affair minister Faysal al-Meqdad at the foreign ministry on Tuesday. Saudi Arabia, Qatar and, to a lesser extent, the UAE then backed rebels against Assad - but Abu Dhabi has rebuilt ties with Damascus in recent years. Assad visited the UAE in 2022 - his first trip to an Arab state since the civil war erupted - and again in 2023 after a devastating earthquake killed thousands in Syria. The tragedy cleared the way for a thaw in Arab ties with Assad and months later the Arab League reversed its more than decade-long suspension of Syria's membership. Hundreds of thousands of people have died in the Syria conflict, which spiralled out of an uprising against Assad, drew in numerous foreign powers and splintered the country.
Persons: Hassan al, Shehi, Faysal, Bashar al, Assad, Abu Dhabi, Firas Makdesi, Maya Gebeily, Ed Osmond Organizations: United Arab Emirates, Incoming, Arab League, Regional Locations: DAMASCUS, Damascus, Syria, Saudi Arabia, Qatar, UAE, Iran, Al, Riyadh
How does a desert turn green?
  + stars: | 2024-01-29 | by ( Joan Muwahed | ) www.cnbc.com   time to read: 1 min
A transformation is unfolding in the United Arab Emirates, where approximately 80% of the country's land is desert. The UAE has introduced measures to combat desertification by turning its arid landscapes green. The Middle East is home to 12 of the 17 most "water-stressed" countries of the world, and the UAE receives less than 200 mm of rainfall a year. Abdulla Al Mandous, director general at the UAE National Centre of Meteorology, says that the country has invested more than $20 million in cloud seeding research — a process designed to enhance rainfall. CNBC went inside the National Centre of Meteorology in Abu Dhabi to find out how the cloud seeding process works.
Persons: Abdulla Al Mandous Organizations: United Arab, UAE, UAE National Centre of Meteorology, CNBC, National Centre of Meteorology Locations: United Arab Emirates, UAE, China, Singapore, Abu Dhabi
For many Americans, work hasn't just gone hybrid or remote — it's gone global. That's based on 300,000 contracts between Deel customers and workers. The majority, 85%, of Deel's contracts are for remote jobs, but there's also interest among a select few to actually move abroad. Many workers are highly interested in location flexibility, whether they want to move around or simply untether their work from where they live. Want to be smarter and more successful with your money, work & life?
Persons: hasn't, That's, there's, Alex Bouaziz, Bouaziz, FlexJobs, Toni Frana, Frana, that's Organizations: State, Global, Portugal Spain United Kingdom United, CNBC Locations: Deel, Portugal, Emirates Canada Germany France, Southern Europe, Dubai, Expats, Spain, UAE, expats, Malaga, Alicante, Valencia
The US has attacked Iranian-backed groups in Yemen, Syria and Iraq, while Iran-linked groups have targeted American personnel in Iraq and Syria. The US, having been trying to pivot away from the Middle East for years, finds itself drawn back into the region. And in some places, including Iraq and Syria, the US military presence overlaps that of Iran and its allies. The US has around 13,500 US forces in Kuwait, the largest American military presence in the region. The US this month quietly reached an agreement that extends its military presence for another 10 years at the base.
Persons: Yemen’s, Sayyed Hassan Nasrallah, Harakat, Sayyid, Al, Haq, Asad, Bashar al, Assad, Israel, Ali, Dalton Williams Organizations: UAE CNN, Hamas, Islamic, Navy, Marine Expeditionary Unit, Institute for National Security, Islamic Revolutionary Guard Corps, National Intelligence, Badr Organization, Asad Air Base, Erbil AB, Al, Force, Fatemiyoun, ISIS, Syria Security, Syrian Democratic Forces, Syrian Free Army, CNN, Gaza, US Air Force, Battalion, 163rd Cavalry Regiment, Ali Al Salem Air Base, U.S . Air Force, Washington, United Arab, US, Udeid, Base, Forward Headquarters, Combined Air Operations Centre, Prince Sultan Air Base, UAE, Al Dhafra, Al Dhafra Air Base, Gulf Air Warfare Center, US Naval Forces Central Command Locations: Abu Dhabi, UAE, Israel, Iran, US, Iranian, Yemen, Syria, Iraq, Tehran, Pakistan, Islamic Republic, Washington, Lebanon Lebanon, East, Lebanon, Gaza, Tel Aviv, Iraq Tehran, Baghdad, Al, Erbil, Syria Iran, Syrian, Pakistani, , Red, Saudi, Yemen’s, Kuwait, U.S, Palestinian, Arab, Turkey, Saudi Arabia, United Arab Emirates, Germany, Japan, South Korea, Qatar, Doha, Al Dhafra Air, Bahrain, Jordan, Incirlik
Details of the medical procedure were also blacked out in the letter, which noted that federal prosecutors had not consented to Zhao's request. Jones held a closed hearing on the request on Dec. 29, and denied Zhao's bid to travel, court records show. Jones earlier in December rejected another request to allow Zhao to travel to the UAE. The judge said Zhao's "enormous wealth" made him a significant flight risk. His family resides in the UAE and it appears that he has favored status in the UAE," Jones wrote in a six-page order on Dec. 7.
Persons: Zhao Changpeng, Binance, Changpeng, Richard Jones, Zhao, Judge Jones, Jones, Zhao's Organizations: Viva Technology, Porte de, United Arab Emirates, Jan Locations: Porte, Paris, France, U.S, Seattle, Abu Dhabi, UAE, United States
Big T's beef brisket, smoked for up to 16 hours, has loyal customers coming back time and time again. “If you want to taste actual Texas barbecue, not any just state, but Texas barbecue, it’s this.”A taste of TexasFood runs in Faour’s family. Located in Al Quoz Industrial Estate, Big T's BBQ is hidden between factories and warehouses. He transported the smoker to Dubai in 2022, opening Big T’s BBQ in December of that year. His videos often highlight low-cost eateries in unusual places, like Big T’s, which he calls his “go-to” for all things meat.
Persons: CNN —, Fadel, “ I’m, I’ve, , Brett Turner, Faour, , it’s, Fadel Faour, T’s, ” Faour, You’ll, Alex Augusti, Big, “ He’s, he’s, Augusti, you’ll Organizations: CNN, CNN — Al, CNN — Al Quoz Industrial, foodies, United Arab Emirates, Lone Star, Texas, Texas Food, Institute of Culinary Education, Big, Michelin Locations: CNN — Al Quoz, Dubai, Quoz, Texas, UAE, Faour’s, Al Quoz, Manhattan, New York, “ Good, Lockdowns, East, North Africa,
A pop-up showcasing Saudi Arabia's Neom development features among the most prominent on the Davos promenade in 2024. But Saudi Arabia is keen to capture some of the limelight, and talent, from its neighbor on the Arabian Peninsula — an ambition laid bare on the Davos Promenade this year. "He's driving entrepreneurship, he's diversifying the economy ... And there are a lot of people that are really interested in working in Saudi Arabia," said Bremmer. "In the Emirates and in Saudi Arabia, you have millions of people that need upskilling, particularly Saudi Arabia which has a much larger population," Hidary said. Hidary, who was recently in Saudi Arabia, says that the UAE and Saudi Arabia are looking at countries like Singapore and Israel that have supported start-ups and are driven by technology.
Persons: Mohammed al, Jadaan, Prince Mohammed bin Salman's, Ian Bremmer, he's, Bremmer, Jamal Khashoggi, King Abdullah, KAUST, Harri Jarvelainen, Vera Futorjanski, Futorjanski, Israel Jack Hidary, Hidary, — CNBC's Karen Gilchrist Organizations: Saudi, CNBC, United Arab, prince's, , Economic, Al, U.S, Eurasia Group, MBS, World Bank, Research Technology Centers, King, King Abdullah University of Science, Technology, UCLA, Riyadh's, Center, AI Research, AI, Artificial Intelligence Authority, Veritas Ventures, Emirates Locations: Davos, CNBC DAVOS, Switzerland, United Arab Emirates, Saudi Arabia, Neom, Saudi, Riyadh, China, Istanbul, UAE, Singapore, Israel, Emirates
A top Sudanese general accused the UAE in November of backing the RSF war effort. The United Nations says about 500,000 people have fled Sudan into eastern Chad, several hundred kilometers south of Amdjarass. The monitors' report included similar accounts. They said that between 14-17 June, some 12,000 people fled El Geneina on foot for Adre in Chad. The Masalit were the majority in El Geneina until the attacks forced their mass exodus.
Persons: Michelle Nichols, Maggie Michael UNITED, El Geneina, RSF, Madani, Maggie Michael, Don Durfee, Daniel Wallis Organizations: Rapid Support Forces, United, Reuters, . Security, United Arab Emirates, United Nations, Security Locations: CAIRO, Sudan's West Darfur, United Nations, El, Sudan, Amdjarass, Chad, UAE, West Darfur, Geneina, El Geneina, Adre, Darfur, Libya, South Sudan, Egypt, States
When you think of race weekends in Abu Dhabi, Formula One comes to mind. The Mubadala Abu Dhabi Sail Grand Prix is new to the global 13-race calendar. “So, our racing’s a short format packaged into a 90-minute broadcast window.”SailGP CEO Russell Coutts discusses the Mubadala Abu Dhabi Sail Grand Prix presented by Abu Dhabi Sports Council. “We have almost 1,200 kids sitting in Abu Dhabi Sports Club for a whole week being excited about this,” said Al Shimarri. The sailors were tested by challenging light winds in Abu Dhabi, where Van der Velden and Spain finished runners-up behind the dominant New Zealand team.
Persons: Abu, it’s, , Russell Coutts, CNN’s Becky Anderson, Coutts, He’s, ” Coutts, , ” It’s, It’s, ” SailGP, Nicole van der, Van der, CNN's Becky Anderson, CNN Abu, ” Homaid Al Shimmari, Al Shimarri, Mubadala, SailGP, Van der Velden, Taylor Canfield Organizations: CNN, Kiwis, Formula, United, Abu Dhabi Sail, Abu Dhabi Sports Council, New Zealand, Abu, Impact League, Abu Dhabi Sports Club, NYU, Spain, Australia Locations: Zayed Port, Persian, Abu Dhabi, United Arab Emirates, – SailGP, San Francisco, Sydney, United States, Spain, New York, inclusivity
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAE economy minister speaks about the latest push to diversify the non-oil economyAbdullah bin Touq al Marri, the UAE economy minister, speaks to CNBC's Dan Murphy on how the country is targeting 7% annual growth in order to reach its GDP goal.
Persons: Abdullah bin Touq al Marri, CNBC's Dan Murphy Organizations: UAE Locations: UAE
But that wave is slowing down, DAMAC Chairman Hussain Sajwani says. But other countries are coming in strong, especially Chinese coming back," Sajwani told CNBC's Dan Murphy at the World Economic Forum in Davos, Switzerland on Tuesday. "Dubai is, you know, surrounded by more than 100 countries with all kinds of issues and challenges. While China's economy faces challenges at home, Dubai is benefitting from those who can spend outside of the country. "So a lot of people coming and residing in Dubai anyway."
Persons: Hussain Sajwani, Sajwani, CNBC's Dan Murphy Organizations: Economic Locations: Russia, Ukraine, Gulf, China, Davos, Switzerland, India, Europe, Dubai, Israel, UAE
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