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Dilmah chairman Dilhan C Fernando on following tradition to the ‘tea’ 

Dilhan C Fernando shares insights on the legacy of the globally loved tea brand and its commitment to quality, sustainability and the future of tea 

Neesha Salian
Neesha Salian

19 February, 2025

Dilmah chairman Dilhan C Fernando on following tradition to the ‘tea’ 
Images: Dilmah

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Dilmah Tea, a global tea company founded by Merrill J Fernando, has been a pioneer in the tea industry for decades.

In an exclusive interview, his son and now Dilmah chairman Dilhan C Fernando shares insights into the company’s commitment to quality, sustainability, and innovation.

Fernando discusses the challenges and opportunities in the evolving tea market, the importance of ethical sourcing, and the company’s efforts to promote tea culture globally. He also sheds light on Dilmah’s unique approach to tea production, its focus on sustainability, and its plans for the future.

The global tea market has seen significant changes in recent years. How has Dilmah adapted to evolving consumer preferences, particularly regarding sustainability and ethical sourcing?

My father – Dilmah Founder, Merrill J Fernando – set out in 1985 to make the world a better tea. He devoted his life to tea and, wishing to make Dilmah a business that is also a matter of human service, he formed our family company on a foundation of quality and integrity, with a heart of kindness.

He passed away last year at the age of 93, although we honour the inspiring legacy of kindness he leaves, with a minimum of 15 per cent of the pretax profits used to build schools, and hospitals, fund scholarships and vocational training for the less fortunate, nutrition, welfare, healthcare and housing for plantation workers.

A further 5 per cent is used by our Dilmah Conservation for biodiversity conservation and restoration, environmental education and awareness, and climate action. That emphasis on kindness to people and nature is our greatest resilience today.

With the rise of speciality teas and artisanal blends, how does Dilmah maintain its position in the premium tea segment while staying true to its Ceylon roots?

We are tea growers, driven by a passion for tea. Maintaining the perspective of a tea grower in a tea category corroded by discounts and compromise is difficult, but we believe that where quality – taste and goodness – are concerned, we must always focus on doing what is right, and not what is profitable. When we do that, the profit will find us, because quality will always triumph.

Having our tea gardens, amongst our greatest joys is the expression of the art of teamaking, and our Uva Seasonal Flush is an example of that.

Each month we produce single estate teas in our luxury collection, including our 85 Reserve, t-Series Designer Gourmet Teas, and others.

Dilmah Tea hosted an exclusive event in Dubai in November last year, featuring the Uva Seasonal Flush tea. Could you elaborate on what makes this particular tea unique and why it was chosen for this event?

Ceylon Tea acquired its desirability as a result of our emphasis on high-quality teas made in the traditional, orthodox way, blessed with significant natural diversity of aroma and taste. From among the seven tea-growing regions of Ceylon, teas grown in the remote Uva region were known for their pleasantly mellow character.

During the autumnal, southwest monsoon, however, they are transformed for a brief moment – dry and desiccating winds barrel through the mountainous region, causing a natural seasonal, wintergreen character in the teas. This rare and exotic seasonal character expresses the fingerprint of nature in teas — handpicked and handmade in the artisanal, orthodox style.

A changing climate meant that we haven’t had a Uva Seasonal Flush Tea for five years, and that makes this one very special. Bright, with complex minty, eucalyptus merging with floral notes and soft astringency – it’s an exceptional tea.

As the parent company of Resplendent Ceylon, which operates luxury resorts in Sri Lanka, how does Dilmah integrate its tea heritage into the guest experience at these properties?

Tea is hospitality in Sri Lanka, and as a boutique, luxury resort company our Relais & Chateaux resorts are imbued with tea inspiration. Ceylon Tea Trails was the first of our resorts, where tea-inspired cuisine is complemented by fine teas, in the extraordinary setting of Ceylon’s most historic tea-growing region.

Adding to the allure of our Cape Weligama and Wild Coast resorts is a tea experience where the taste of the goodness of nature’s healing herb is presented in its purest form as well as in tea-inspired gastronomy and mixology.

Tea is elegant, and natural serenity, and that is what we invite our guests to experience.

Dilmah has been a pioneer in promoting tea and food pairings. Could you share insights into how this concept has been received globally and its impact on tea appreciation?

Tea has a very special relationship with food, in that it can dignify food by pushing and pulling flavour and texture, unlike any other beverage.

In partnership with fine food, chefs can deliver inspiring gastronomic experiences by using well-paired teas to highlight the texture of perfectly roasted Chilean Seabass, or the flavour in Ecuadorian cacao, even illuminating something as mundane as a salad Nicoise. It is a complex relationship, although with expertise, fine food pairs perfectly with fine tea.

We have shared the concept in Masterclasses from Santiago to Sydney and with over 6,000 hospitality professionals at our Dilmah School of Tea, and the appreciation of the combination has been phenomenal. That is accelerating now, with the global no-low trend for non-alcoholic or low-alcohol experiences. Tea offers the elegance of fine beverages, with beautiful stories behind each artisanal tea.

The Middle East, especially Dubai, is a significant market for luxury brands. What strategies has Dilmah employed to cater to the tastes and preferences of consumers in this region?

We recently celebrated a relationship of 33 years with Emirates Airlines, where our collaboration has produced exceptional inflight and lounge tea experiences designed to complement Emirates’ hospitality. In the same way, the work we have done with ICCA (International Centre for Culinary Arts) has helped us to share our passion for tea, framed in the unique perspective of tea growers.

We work with some of Dubai’s finest hospitality operators to offer tea-inspired experiences, tea gastronomy, and tea mixology, extending to signature, single estate, and seasonal teas. Our focus is on sharing our passion for tea, and that starts with education. We have educated thousands of hospitality professionals in the region and building on that we offer teas that are picked, perfected, and packed garden fresh at source. Where tea is concerned, freshness delivers better flavour and natural antioxidant goodness.

Beyond traditional tea offerings, how is Dilmah innovating in areas like wellness teas or functional beverages to meet contemporary health trends?

Tea is uniquely rich in natural, antioxidant goodness. The herb was first discovered as a medicine, and modern science has proven the ancient wisdom shared by Lu Yu, who first discovered tea. Adding the cognitive health benefits of L-theanine, tea is said to offer wellness ranging from reduced risk of heart disease, and stroke, protection from cancer, reduction of the impact of stress, reduced risk of dementia, improved gut health, and a host of other benefits.

Having expanded our offering to include tea extract — our Elixir of Ceylon Tea — and Iced Tea, we also offer ayurveda infusions, linked to the 3,000-year tradition of holistic health that is inspired by Sri Lanka’s extraordinary biodiversity. We grow many of the herbs and spices that are prized for their health benefits, and in addition to our Uva Seasonal Flush, also present our Dilmah Finest Ceylon Cinnamon.

True Ceylon Cinnamon is said to have potent health benefits including the effect of cinnamaldehyde in preventing the initiating and development of cancers and protecting from type 2 diabetes and dementia.

Looking ahead, what are Dilmah’s plans for expanding its global footprint, and how does the company envision the future of tea culture worldwide?

For many years, the tea category was commoditised by the discount culture in mainstream retail. We have a new generation of consumers – Gen Z – that are conscious consumers, mindful of the welfare of people and nature in making their choices, motivated by natural wellness, and desiring taste adventure framed in nature and heritage.

Tea offers all that, and so our vision for the future is a fresh perspective on the past. Loose-leaf tea, artisanal and single estate teas, high-quality iced teas, and quality linked to ethics and wellness.

This bodes well for artisans, and as tea growers these trends are validation of the uncompromising focus we maintained on the mission my father embarked upon in 1950 — to offer the world better tea.

Survey shows 64% of consumers likely to pick EVs as new cars in 2025

While enthusiasm for EVs continues to grow, the report also identifies significant barriers to adoption, including concerns about charging infrastructure and vehicle costs

Gulf Business
Gulf Business

18 February, 2025

Survey shows 64% of consumers likely to pick EVs as new cars in 2025
Image: Getty Images

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A new study by Tata Consultancy Services (TCS) reveals that more than 64 per cent of consumers are likely or very likely to consider an electric vehicle (EV) for their next purchase in 2025.

For over two decades, TCS has been a strategic partner to original equipment manufacturers (OEMs), supporting their transition from ICE to EV technology. The company has helped deploy battery management system (BMS) software for over 500,000 EVs globally and assisted in establishing EV charging infrastructure across 75-plus countries for OEMs.

The study, which surveyed over 1,300 stakeholders across North America, the UK and Ireland, Continental Europe, and the Asia-Pacific (APAC) region, highlights key trends shaping the future of sustainable mobility.

The findings were published in the TCS Future-Ready eMobility Study 2025, and released at the Detroit Auto Show in Michigan, US.

Key findings of the report show a growing preference for EVs

While enthusiasm for EVs continues to grow, the report also identifies significant barriers to adoption, including concerns about charging infrastructure and vehicle costs.

“The future of mobility is electric, connected, and sustainable — a transformation that will redefine industries and communities alike,” said Earl Newsome, global chief information officer at Cummins, one of the participants in the study. “The report provides a powerful lens into the challenges and opportunities shaping this journey, emphasizing the critical roles of resilience, innovation, and collaboration.”

Sustainability and cost savings remain the primary drivers for consumers opting for EVs.

However, 60 per cent of consumers cited charging infrastructure as a significant hurdle. On the other hand, 56 per cent expressed willingness to pay up to $40,000 for an EV.

Despite these challenges, 53 per cent of commercial fleet adopters are optimistic about EV adoption, driven by lower operational costs compared to traditional internal combustion engine (ICE) vehicles.

“The electric vehicle industry is at a defining crossroads, navigating the complexities of scale and transformation,” said Anupam Singhal, president of Manufacturing at TCS. “While nearly two-thirds of consumers are open to choosing electric for their next vehicle, manufacturers face challenges like advancing battery technology, complex vehicle designs, and production economics.”

Addressing the key challenges, the study found that 74 per cent of EV manufacturers view inadequate charging networks as the biggest barrier to industry growth.

However, 55 per cent of manufacturers have already started investing in battery technology innovation, while 78 per cent are focusing on cost reduction to make EVs more accessible to consumers.

Additionally, 90 per cent of manufacturers believe improvements in battery technology will significantly enhance the range and charging speed of EVs shortly.

Read: UAE to install over 500 EV charging stations by year’s end

UAE hosts strategic dialogue with Russia to boost financial cooperation

The forum included four key panel discussions covering budget preparation, the integration of modern technologies in financial planning, public-private partnerships, and international tax policies

Gulf Business
Gulf Business

18 February, 2025

UAE hosts strategic dialogue with Russia to boost financial cooperation
Image: Supplied

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The UAE, represented by the Ministry of Finance, hosted the inaugural UAE-Russia Strategic Financial Dialogue in Abu Dhabi on February 17.

The forum, aimed at strengthening cooperation across various financial and economic sectors, provided a platform to discuss best practices in budget preparation, public-private partnerships, and tax cooperation.

The UAE delegation was led by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, alongside senior officials from the Ministry of Finance.

From Russia, the delegation was headed by Anton Siluanov, Minister of Finance, and included several senior officials.

Sharing knowledge between UAE and Russia

In his opening remarks, Al Hussaini welcomed the Russian delegation, emphasising the UAE’s ongoing efforts to enhance financial and investment cooperation through the exchange of expertise and the development of joint financial policies.

“The UAE-Russian partnership serves as a model for sustainable economic cooperation. We are committed to strengthening mutual investments and financial collaboration, ensuring the continuous development of modern budgeting mechanisms, stimulating public-private partnerships, and fostering tax cooperation,” said Al Hussaini.

He highlighted that the UAE is strengthening its position as a global financial hub by forging strategic partnerships with major economies, enhancing the resilience of the national economy and creating avenues for future growth.

Anton Siluanov, Minister of Finance of Russia, also addressed the forum, underlining the significance of the dialogue in expanding bilateral relations and cooperation between the two nations.

“Holding the first Strategic Financial Dialogue between Russia and the UAE reflects the strength of relations between our two countries and our shared commitment to broadening cooperation. Our perspectives align on key financial development matters, including the enhancement and digitalisation of budgeting mechanisms, as well as the exchange of best practices in public-private partnerships,” stated Siluanov.

Key deal signed between UAE-Russia to prevent double taxation

The forum also saw the signing of a key agreement to prevent double taxation, which aims to strengthen bilateral trade, attract investment, and promote a transparent and competitive tax environment between the two countries.

The agreement, signed by Al Hussaini and Siluanov, is expected to boost trade, increase investment flows, and create a more favourable business climate for both nations.

Al Hussaini also emphasised that the signing of the Double Taxation Avoidance Agreement with Russia further underscores the UAE’s commitment to fostering an investment-friendly environment.

In addition to the signing ceremony, the forum included four key panel discussions that explored critical areas of financial cooperation.

Topics included budget preparation, the integration of modern technologies in financial planning, public-private partnerships, and international tax policies.

The discussions also addressed developments in global taxation, trends in regulatory frameworks, and the importance of strengthening cooperation within multilateral financial frameworks.

Read: UAE Ministry of Finance unveils key new projects to boost competitiveness

Dubai poised to outpace global prime residential growth in 2025: Savills

Dubai’s prime residential capital values are forecast to grow by up to 9.9 per cent in 2025, the highest among 30 global cities tracked by Savills

Gulf Business
Gulf Business

18 February, 2025

Dubai poised to outpace global prime residential growth in 2025: Savills
Image: Dubai Media Office

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Following a strong performance in 2024, Dubai’s prime residential market is expected to continue its upward trajectory in 2025, with capital values forecast to grow by up to 9.9 per cent, according to the latest research from global real estate consultancy Savills.

The Savills Prime Residential World Cities Index revealed that Dubai’s prime residential capital values rose by 6.8 per cent in 2024, cementing the emirate’s status as a global investment hub. In addition, Dubai saw a remarkable 23.5 per cent growth in rental prices last year, driven by continued demand for luxury living.

The growth is fueled by an increasing population and a steady influx of high-net-worth individuals and family offices into the UAE. Despite new supply entering the market, Dubai’s luxury segment continues to evolve, with several ultra-luxury projects redefining the market’s understanding of “prime.”

A strong year for Dubai’s prime residential property segment

In 2025, Savills projects Dubai to lead global prime residential price growth, with capital values expected to rise by 8 to 9.9 per cent, the highest among 30 global cities tracked in the index. The city is also predicted to experience the strongest rental growth, with a projected increase of more than 10 per cent.

Globally, Savills forecasts an average price growth of 1.6 per cent across the 30 cities monitored, a slight decline from the 2.2 per cent recorded in 2024. This indicates a more cautious outlook for global prime property markets.

“Despite recent economic turbulence, prime residential markets have shown remarkable resilience,” said Kelcie Sellers, associate director at Savills World Research. “With 2024 deemed the ‘year of elections,’ 2025 will be a period where new governments begin to implement changes that could affect prime residential markets across the globe.”

Andrew Cummings, head of Residential Agency at Savills Middle East, added, “Dubai’s prime residential sector continues to thrive, with demand outpacing supply in the city’s most sought-after communities. The strong rental performance and capital appreciation are making Dubai an increasingly attractive destination for global investors. We expect further momentum in 2025, with high-value transactions and new ultra-luxury developments reshaping the city’s real estate landscape.”

Read Real estate trends in 2025: Dubai developers share insights

Highly attractive to investors

Dubai’s prime residential market remains highly attractive to investors and residents alike, bolstered by expanding job opportunities, major infrastructure projects, and government-led initiatives. International buyers are often opting to rent before purchasing, contributing to the surge in rental prices in 2024 and further establishing Dubai as a luxury living destination.

Looking forward, Cummings concluded, “Dubai’s property market is expected to maintain its upward momentum in 2025, surpassing global markets like London, Hong Kong and New York. The demand for branded residences, waterfront developments, and sustainable luxury homes positions the city as a leading global hub for prime residential investment.”

Savills World Cities Prime Residential Index: 2025 capital value growth Forecast versus 2024 growth

City2025 Forecast2024 Capital Value GrowthPrime Capital Value (Dec 2024) (US) $ psfPrime Capital Value (Dec 2024) (EUR) € psm
Dubai+8% to 9.9%6.8%$930€9,200
Sydney+4% to 5.9%3.9%$1,950€19,200
Madrid+4% to 5.9%9.4%$1,120€11,000
Lisbon+4% to 5.9%6.0%$1,400€13,800
Barcelona+4% to 5.9%8.6%$870€8,600
Cape Town+4% to 5.9%5.1%$260€2,500
Tokyo+2% to 3.9%8.6%$2,120€20,900
Mumbai+2% to 3.9%4.4%$1,200€11,800
Kuala Lumpur+2% to 3.9%0.4%$240€2,400
Shanghai+2% to 3.9%-2.4%$2,000€19,700
Amsterdam+2% to 3.9%7.4%$1,030€10,200
Rome+2% to 3.9%3.2%$1,450€14,300
Miami+2% to 3.9%-1.2%$1,490€14,600
New York>0% to 1.9%-0.9%$2,590€25,500
Paris>0% to 1.9%2.1%$1,880€18,600
Seoul>0% to 1.9%6.9%$1,860€18,300
Beijing>0% to 1.9%-2.1%$1,490€14,700
Hangzhou>0% to 1.9%-1.4%$1,210€11,900
Athens>0% to 1.9%4.4%$1,180€11,600
Los Angeles>0% to 1.9%-3.5%$1,480€14,600
Bangkok>0% to 1.9%5.1%$1,090€10,800
Berlin0.0%0.5%$1,150€11,400
Geneva0.0%1.6%$2,550€25,200
Milan0.0%0.0%$1,520€15,000
Singapore-1.9% to <0%1.1%$1,810€17,900
Shenzhen-1.9% to <0%-4.2%$1,470€14,500
San Francisco-1.9% to <0%0.8%$1,410€13,900
London-3.9% to -2%0.0%$1,920€18,900
Hong Kong-3.9% to -2%-2.4%$3,860€38,000
Guangzhou-3.9% to -2%-4.0%$1,480€14,600

Download the full World Cities Prime Residential 2025 report here.

Gulfood 2025: Dubai’s RTA rolls out 4,400 parking spaces

RTA is also offering free shuttle buses that will transfer visitors directly to the event

Nida Sohail
Nida Sohail

18 February, 2025

Gulfood 2025: Dubai’s RTA rolls out 4,400 parking spaces
Image credit: Getty Image

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The Road and Transport Authority (RTA) in Dubai is providing 4,400 additional parking spots for visitors to Gulfood 2025, taking place from February 17 to 21, 2025.

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These parking spaces will be available at various locations, including Al Jafiliya, Al Kifaf, Zabeel (near Dubai Mall), and Al Wasl Club.

Read: Dubai’s RTA unveils ‘fourth-generation’ traditional abras

Directional signs will be in place to guide visitors to alternative parking areas, ensuring a smooth and convenient experience.

To facilitate smooth traffic flow around the Dubai World Trade Centre, the RTA is also offering free shuttle buses that will transfer visitors directly to the event.

Dubai’s Huda Beauty sells KAYALI to co-founder, General Atlantic

KAYALI founder Mona Kattan will own the fast-growing fragrance business with private equity investor General Atlantic

Reuters
Reuters

18 February, 2025

Dubai’s Huda Beauty sells KAYALI to co-founder, General Atlantic
Mona Kattan, CEO of KAYALI, and Huda Kattan, founder of cosmetics firm Huda Beauty.

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Dubai-based Huda Beauty will sell its popular fragrance brand KAYALI to its co-founder and General Atlantic in a move that allows the beauty company’s owners to buy back a stake held by TSG Consumer Partners since 2017, according to a joint statement by the three companies on Monday.

Founded by blogger Huda Kattan and sisters Mona and Alya in 2018, Huda Beauty sells everything from luxury eyelashes to makeup and skincare products. The company has more than 54.2 million followers on Instagram, well ahead of rivals Rare Beauty and Kylie Cosmetics which have 8 million and 24.7 million followers respectively.

“Huda Beauty is making history as one of the few established beauty brands to return to full founder ownership,” the statement said.

KAYALI founder Mona Kattan will own the fast-growing fragrance business with private equity investor General Atlantic, the statement said. KAYALI will operate as an independent company and Mona will remain as CEO, it added.

A value for the deal, which is subject to regulatory approval, was not disclosed.

Goldman Sachs International acted as Huda Beauty’s financial advisor, and Gibson Dunn served as its legal advisor. Skadden, Arps, Slate, Meagher & Flom served as Mona Kattan’s legal advisor.

Raymond James served as General Atlantic’s financial advisor, and Latham & Watkins served as its legal advisor.

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