Hero Dubai Desert Classic promises to live up to expectations

6 days ago Khaleej Times

Hero Dubai Desert Classic promises to live up to expectationsThe event will celebrate its 34th year in the company of some of European golf's biggest namesRory McIlroy of Northern Ireland is hoping to win his third Dubai Desert Classic title. But come rain or shine the Hero Dubai Desert Classic, the highly-anticipated first event of the DP World Tour’s Rolex Series, is all set for a ceremonial tee-off at the Emirates Golf Club on Thursday. Simon Corkill, Executive Tournament Director of Dubai Desert Classic, put into context McIlroy’s continuation to the status of the event. ALL YOU NEED TO KNOWHero Dubai Desert ClassicEstablished: 1989Course(s): Majlis, Emirates Golf ClubPar: 72Length: 7,428 yards (6,792 m)Tour: European TourFormat: Stroke playPrize fund: $9,000,000When: January 26-30How to get to the Emirates Golf Club? On Thursday, the Emirates Golf Club will be open only to the players, the caddies, officials and the media.
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Exclusive: Serbian legend Kolarov names his three Fifa World Cup favourites while in Dubai

But Kolarov admits that his greatest joy as a footballer was defending the colours of the Serbian national team at the World Cup. “The emotions are special because when you start to play football, your dream is to play for your national team in the World Cup,” Kolarov told Khaleej Times. “It’s a massive feeling when you arrive at a tournament like the World Cup. To play in a World Cup is a massive thing for a footballer.”Kolarov hoped that football would become even bigger in the Middle East region after the Qatar World Cup, which begins on November 20. Kolarov, who captained Serbia at the 2018 World Cup in Russia, is also looking forward to watching his top three favourite teams in Qatar.

3 months ago Khaleej Times

NMDC's net profit grew 40% on success of expansion strategy

During the third quarter of 2022, the group secured contracts worth Dh2 billion raising the total value of contracts won during the current year to Dh9.267 billion. Further cementing this success, the group’s revenue increased by 12.9 per cent to Dh6.072 billion from January to the end of September 2022, compared to Dh5.380 billion in the same period last year. In the third quarter of 2022, the group’s revenues increased by 19.6 per cent reaching Dh2.526 billion, while net profit increased by more than 11 per cent to reach Dh300 million. The group’s strategy focuses on enhancing cost optimization, supply chain management, resource use efficiency, and increased productivity across all levels. It has expanded its marine contracting operations through aggressive expansion for the construction and maintenance of ports, waterways, and near-water structures.

3 months ago Khaleej Times

Weaker oil demand, declining prices to pose headwinds to GCC economic growth in 2023

In 2022, GCC economies are on track for the fastest economic growth in years and for budget surpluses, for some of them the first surpluses in a decade, economists pointed out. But growth is expected to slow down in 2023 due to the weaker oil demand, the Opec+ production cuts as of November, spiking food prices, and fears of a recession in major oil-importing countries. According to the International Monetary Fund, economic growth is projected at 5.2 per cent this year for the oil exporters in the Middle East and Central Asia, with high oil prices and robust non-oil GDP growth offsetting the global headwinds. A gradual slide in oil revenues due to falling prices and a surging US dollar, to which the GCC currencies are pegged, are also expected to weigh down on the region’s 2023 economic growth. Goldman Sachs has cut its 2023 oil price forecast due to expectations of weaker demand and a stronger dollar, but said the ongoing global supply disappointments only reinforced its long-term bullish outlook.

3 months ago Khaleej Times

Musk says recession could last until 2024

Musk says recession could last until 2024Tesla chief says he had a “super bad feeling” about the economy and that Tesla needed to cut about 10 per cent of staffWhile Elon Musk told analysts that Tesla has “excellent demand” for the current quarter, the EV maker said it would miss its annual delivery target due to limited transportation capacity. — ReutersBy Reuters Published: Fri 21 Oct 2022, 6:41 PM Last updated: Fri 21 Oct 2022, 6:42 PMTesla chief executive Elon Musk thinks a recession will last until the spring of 2024, he tweeted on Friday, after saying earlier this week that “a recession of sorts” in China and Europe was weighing on demand for its electric cars. “Just guessing, but probably until spring of ‘24,” Musk said on Twitter after a user asked him how long the recession would last. It was not clear if Musk was talking about a global recession or expanding on the comment on China and Europe he made on Wednesday. While Musk told analysts that Tesla has “excellent demand” for the current quarter, the EV maker said it would miss its annual delivery target due to limited transportation capacity.

3 months ago Khaleej Times

Sterling rises as Sunak becomes PM while dollar slumps

Sterling rises as Sunak becomes PM while dollar slumpsWeakening US economic data temper expectations for the pace of future US rate hikesSterling surged to its strongest level since Sept. 15, and was last up 1.64% at $1.14675, but currency strategists expect the pound to remain under pressure. Rishi Sunak became Britain's third prime minister in two months on Tuesday, tasked with tackling a mounting economic crisis and a warring political party. The US dollar was broadly weaker amid signs that Federal Reserve rate hikes are slowing the world's biggest economy. Yen and yuanThe yen firmed against the dollar after suspected Bank of Japan (BOJ) intervention on Friday and Monday. At 147.665 yen, the dollar was down from a 32-year high of 151.94 on Friday, which appeared to trigger successive bouts of BOJ intervention.

3 months ago Khaleej Times

Dubai Fitness Challenge: 10 free activities to check out

Dubai Fitness Challenge: 10 free activities to check outSeveral spots to offer classes at no charge from October 29 to November 27by Nasreen Abdulla Published: Thu 27 Oct 2022, 6:31 AMThe Dubai Fitness Challenge (DFC) returns for a brand-new edition with a record number of fitness hubs and over 10,000 classes. Spin session at Palm JumeirahGet those cycling shoes on to join renowned athlete Manal Rostam for a spin party on the first day of the Dubai Fitness Challenge. The class will be hosted at The Next Level at The View at The Palm - Palm Jumeirah’s highest vantage point – and will be broadcast to participants joining at Palm West Beach and Golden Mile Galleria. Dubai RunThe epic Dubai Run will be back this year for the fourth time on November 20 to turn Sheikh Zayed Road into a huge jogging track. Dubai RideLast year over 30,000 cyclists rode on Sheikh Zayed Road for the Dubai Ride.

3 months ago Khaleej Times

India-UAE-Qatar: Mother of 5 sets out on epic solo trip from Kerala in her 4WD to watch Fifa World Cup

India-UAE-Qatar: Mother of 5 sets out on epic solo trip from Kerala in her 4WD to watch Fifa World CupDuring her trip, Naaji sleeps inside her vehicle and cooks in a built-in kitchen to save on time and moneyby Nasreen Abdulla Published: Wed 26 Oct 2022, 9:40 PM Last updated: Wed 26 Oct 2022, 9:55 PMAn Indian mother of five has set off on an epic solo trip from Kerala to reach Qatar in time for the Fifa World Cup. Driving her Mahindra Thar SUV, Naaji Noushi has completed the Indian leg of her journey. She now plans to ship her jeep to Oman and start the journey to Qatar, driving through the UAE. Photo: SuppliedMemorable incidentsDuring her trip, Naaji has been sleeping and cooking inside her SUV to save time and money. Photo: SuppliedAccording to Naaji, the support she has received from her fellow Keralites has been the highlight of her trip.

3 months ago Khaleej Times

Dubai: New facility to train companies in metaverse, Web3 technology

Dubai: New facility to train companies in metaverse, Web3 technologyInvestors are interested in acquiring virtual lands because of scarcity: expertRepresentational imageby Nasreen Abdulla Published: Wed 26 Oct 2022, 2:01 PMA new facility in Dubai is going to help companies in the city learn about and train employees in new technology, including metaverse and Web3. In the future, all companies will have immersive technology and we chose to headquarter in Dubai because I think it is the most happening place in terms of Web3. That is why it is important for companies to take the leap into metaverse and Web3 as soon as they can." "A lot of companies ask me what the return on investment (ROI) is when setting up their space in metaverse," he said. If you open up a metaverse space and leave it without engagement or without anything interesting happening, no one will return to the space."

3 months ago Khaleej Times

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