Finance World Magazine| Edition: October 2024
This month, we are pleased to present the October edition of Finance World Magazine, focusing on "Embracing the Future of Investment in the Middle East." Our cover story features Eng. Yaser Al Nuaimi, Acting Head of Infrastructure Partnerships at the Abu Dhabi Investment Office, highlights how the Public-Private Partnerships initiative is reshaping the investment landscape of the UAE. In this issue, we explore the integration of AI and personal finance, Dubai's strategic vision for FinTech and advancements made in the healthcare sector, followed by a special feature on "Finance in 2040" - a captivating time capsule of financial predictions.
This month, we are pleased to present the October edition of Finance World Magazine, focusing on "Embracing the Future of Investment in the Middle East."
Our cover story features Eng. Yaser Al Nuaimi, Acting Head of Infrastructure Partnerships at the Abu Dhabi Investment Office, highlights how the Public-Private Partnerships initiative is reshaping the investment landscape of the UAE.
In this issue, we explore the integration of AI and personal finance, Dubai's strategic vision for FinTech and advancements made in the healthcare sector, followed by a special feature on "Finance in 2040" - a captivating time capsule of financial predictions.
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Shamal Holding Unveils Dubai’s First Baccarat Hotel<br />
Shamal Holding, a Dubai-based<br />
investment firm, has announced<br />
plans for the UAE’s first Baccarat<br />
Hotel, set to debut in Downtown Dubai,<br />
marking a significant advancement in the<br />
ultra-luxury hospitality sector. This 145-<br />
key hotel will feature stunning views of the<br />
Burj Khalifa and a glass façade inspired by<br />
Baccarat’s crystal heritage, harmonising<br />
with the city’s skyline. Abdulla Binhabtoor,<br />
CEO of Shamal Holding, expressed pride<br />
in introducing this landmark, highlighting<br />
the hotel’s dedication to artistry and<br />
craftsmanship. He emphasised the<br />
property’s potential to offer bespoke<br />
experiences amid growing demand for<br />
ultra-luxury tourism. The development<br />
includes hotel accommodations ranging<br />
from Classic King and Queen rooms to<br />
suites, alongside two-to-four-bedroom<br />
furnished apartments and four penthouses,<br />
in collaboration with H&H Development<br />
and SH Hotels & Resorts.<br />
Emirates Unveils<br />
$5.3M Lounge at London<br />
Stansted Airport<br />
Emirates has inaugurated its latest<br />
lounge at London Stansted<br />
Airport, investing over (AED<br />
23M) to enhance passenger experience.<br />
Spanning 900 sq. m, the lounge<br />
can accommodate up to 125 guests,<br />
specifically catering to First and Business<br />
Class customers and Emirates<br />
Skywards members. This facility is the<br />
airline’s sixth in the UK, complementing<br />
existing lounges at Heathrow, Gatwick,<br />
Birmingham, Glasgow, and Manchester.<br />
Mohammed Mattar, Divisional Senior<br />
Vice President of Airport Services,<br />
emphasised the importance of Stansted<br />
as a key gateway since Emirates began<br />
operations there in 2018. Located in<br />
Satellite 1, the lounge boasts modern<br />
décor, designated seating, dining amenities,<br />
complimentary Wi-Fi, and shower<br />
facilities, all conveniently positioned<br />
just 2-3 minutes from the departure<br />
gates for easy access.<br />
Rotana Launches First Edge by Rotana Hotel in<br />
Abu Dhabi<br />
Rotana has announced the opening<br />
of Beach Bay Hotel – Mirfa,<br />
the inaugural Edge by Rotana<br />
property in Abu Dhabi. This launch<br />
adds to the growing portfolio of Edge<br />
by Rotana, which was introduced in<br />
May 2022, featuring unique independent<br />
hotels supported by Rotana’s resources.<br />
Beach Bay Hotel – Mirfa is the seventh<br />
Edge property, with plans for six more<br />
across the MENAT region. Situated 150<br />
kilometres from Abu Dhabi city, Mirfa<br />
boasts a private beach and offers 76<br />
serviced apartments, including studios<br />
and multi-bedroom units, ideal for<br />
business trips and family holidays.<br />
Each apartment provides sea views, a<br />
dining area, and a kitchen. The hotel<br />
also features two dining venues, leisure<br />
facilities, and exemplifies Rotana’s ongoing<br />
expansion in the region, serving<br />
over six million guests annually.<br />
Etihad Unveils Major Expansion with Summer<br />
2025 Flight Plan<br />
Etihad Airways has unveiled an<br />
extensive expansion plan with its<br />
Summer 2025 schedule, introducing<br />
double-daily services to several key<br />
European destinations. The revamped<br />
schedule, now available for booking,<br />
features increased flight frequencies<br />
and convenient 2pm departures, aimed<br />
at enhancing tourism to Abu Dhabi.<br />
Year-round double-daily flights will<br />
connect Abu Dhabi with major cities<br />
such as Paris, Milan, Rome, Manchester,<br />
Frankfurt, Munich, Zurich, Barcelona,<br />
and Madrid. Seasonal flights to Malaga<br />
will also rise to five times per week,<br />
providing greater flexibility for summer<br />
travellers. With newly timed morning<br />
and evening departures, passengers can<br />
select flight schedules that best fit their<br />
needs. The airline is also increasing<br />
its global offerings, including daily<br />
flights to Bali and up to ten weekly<br />
flights to Sydney.<br />
Oct <strong>2024</strong> www.thefinanceworld.com 107