Author: Arabian Media staff
Image credit: Emirates/Website As the world gears up to celebrate World Chocolate Day on July 7, Emirates is already setting a sweet tone, reporting a sharp increase in onboard chocolate consumption across all cabin classes. Over the past year, passengers have indulged in more than 60 million pieces of luxury chocolate—2 million more than the previous year. Read-Emirates launches new daily flight to Shenzhen; new A350 deploys on Muscat route From handcrafted pralines to gourmet dessert creations, chocolate has become an integral part of the airline’s “Fly Better” experience. Emirates offers a wide selection of premium chocolates as part of…
Image credit: Betterhomes/Supplied Branded residences, luxury homes developed in collaboration with internationally recognised brands, are reshaping the global real estate landscape. Nowhere is this trend more evident than in Dubai, which has emerged as the regional and global capital of branded living. The emirate has seen an impressive 160 per cent growth in this sector over the past decade, outpacing global competitors. Read-Dubai property is booming: What every investor should know According to a new industry report by Betterhomes, Branded Residences: Dubai vs The World, with over 140 branded projects slated for delivery by 2031, Dubai is leading a movement…
Image: ADGM/ For illustrative purposes Primrose Capital Management (Primrose), a leading asset manager specialising in data-driven, quantitative trading, has secured an in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM. The approval marks the first milestone in Primrose’s application for a full financial services permission (FSP). Primrose seeks to deepen the investment corridor between Singapore and Abu Dhabi at a time when the two jurisdictions are stepping up cooperation on fintech and capital-markets development. Primrose plans to service family offices, sovereign entities and institutional investors By applying for the FSP and establishing a regulated presence in ADGM,…
Here at FT Alphaville we love exploring “black hole” companies: those ultra-private businesses that must largely be observed by the influence they exert on others.But even within that category, there aren’t many places quite like Valve Corporation, with its bizarre corporate structure, revenue-per-head figures that would make Silicon Valley or Wall Street giants hot and bothered, a product that seems to basically print money, and a seldom-seen leader deified in some corners of the internet — all without ever taking outside investment.Few companies can claim a bigger role in video game history than Valve. Founded in 1996 by Gabe Newell…
Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Big Tech’s spiking electricity use as it trains artificial intelligence must be reined in by governments in order to maintain stable supplies, the head of the world’s largest transformer maker has warned.Andreas Schierenbeck, chief executive of Hitachi Energy, told the Financial Times in an interview that no other industry would be allowed as volatile a use of power as the AI sector.Huge surges in power demand at data centres training AI models, along with a bumpy renewable energy supply, meant “volatility on…
Stay informed with free updatesSimply sign up to the Travel & leisure industry myFT Digest — delivered directly to your inbox.Hong Kong tourists have postponed or cancelled trips to Japan this summer over fears that a reference in a comic book to a natural disaster in early July could prove prophetic.While Japan continues to receive record numbers of tourists overall, inbound travellers from Hong Kong fell 11 per cent to 193,100 in May, the most recent month for which data was available.“It is better to believe it exists than to believe it does not exist,” said Hongkonger Brian Lee, in…
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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Brazil’s UN climate summit chief has defended oil and gas production as being compatible with international efforts to limit global warming, ahead of the South American country hosting the world’s most important climate talks.President Luiz Inácio Lula da Silva’s government wants Brazil to become the world’s fourth-largest oil producer. The country last month hosted an auction of oil blocks, including some in the sea close to the mouth of the Amazon river.Almost 200 countries agreed to transition away from fossil fuels by…
Etihad Airways has touched down in Atlanta for the first time, expanding its US footprint and connecting the cultural and commercial heart of the US Southeast with Abu Dhabi and beyond. The launch marks another milestone in Etihad’s North American expansion. Etihad’s first flight from Abu Dhabi’s Zayed International Airport to Atlanta’s Hartsfield-Jackson Atlanta International Airport touched down on July 2, making Atlanta the fifth US gateway in Etihad’s global network, joining New York City, Chicago, Washington DC, and Boston. Benefit for US-bound passengers at Zayed international Airport Visitors travelling from Abu Dhabi benefit from the convenience of the US…
In Paris, “nobody is content to be a spectator”, wrote Jean Cocteau. The great avant-garde dramatist and poet might have thought differently if he’d stood on the spacious terrace of a particular apartment on the city’s Rive Gauche.From this rooftop eyrie in the exclusive 7th arrondissement, a single gaze takes in some of the city’s best-known landmarks. There’s the gilded dome of Hôtel des Invalides, final resting place of Napoleon Bonaparte; the ornate allegorical “Fames” on Pont Alexandre III; the shimmering glass roof of the Grand Palais — and the Eiffel Tower. The terrace itself is planted with lavender, sculpted boxwood and an avenue…