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Rashid Khan-Gandapur, Director, Real Estate Finance, Bank of London and The Middle East gives us insights into why GCC investors eye long-term gains through UK real estate regeneration

GCC investors eye long-term gains through UK real estate regeneration

With strategic focus on the UK real estate market, GCC investors are increasingly turning to asset enhancement and sustainable investments to capture strong returns and long-term growth

OZEMPIC

Fake Ozempic: How batch numbers help criminal groups spread counterfeit drugs

Fake Ozempic with a batch number destined for Egypt were found in at least 10 countries

A rescue boat of the Vigili del Fuoco, the Italian Corps. of Firefighters operates off Porticello near Palermo, on August 20, 2024 a day after the British-flagged luxury yacht Bayesian sank. Specialist divers launched a fresh search for six people, including UK tech tycoon Mike Lynch and the chairman of Morgan Stanley International, missing since their yacht capsized off the Italian island of Sicily. The Bayesian, which had 22 people aboard including 10 crew, was anchored some 700 metres from port before dawn when it was struck by a waterspout, a sort of mini tornado. Fifteen people aboard, including a mother with a one-year-old baby, were plucked to safety; one man has been found dead; and six people remain missing. (Photo by Alberto PIZZOLI / AFP) (Photo by ALBERTO PIZZOLI/AFP via Getty Images)

Five bodies recovered from Mike Lynch’s sunken superyacht in Sicily

The Bayesian, a 56-metre yacht flying the British flag, was carrying 10 crew members and 12 passengers when it sank off the coast of Sicily

Sicily yacht sinking

Morgan Stanley boss Jonathan Bloomer, tech tycoon Mike Lynch missing in Sicily yacht sinking

Italian authorities rescued 15 of those on board the British yacht, but a day later six passengers remain missing, and one body has been recovered

BII to invest $35m in DRC port

UK’s BII invests $35m in Congo port project, boosts DP World tie-up

With a draft of 17.5 metres, the port will be capable of receiving large container vessels, ultimately reducing trade costs in the DRC by 12 per cent

tech outages

6 of the biggest tech outages in recent years

Even as the world reels from the Microsoft outage, here’s a look at some outages that have taken down major systems, in recent years

UK elections 2024 - Labour Party

UK elections 2024: Labour sweeps to power as Keir Starmer vows to bring change

Despite a convincing victory, polls have suggested there is little enthusiasm for Starmer or his Labour party

UK

UK election winners will inherit 7 urgent tasks

Whichever party forms the next government after the UK elections will have to contend with challenges such as rising poverty, a stagnating economy, crumbling health infrastructure and growing number of immigrants, among others

coal

G7 reaches deal to exit from coal by 2035

The agreement on coal marks a significant step in the direction indicated last year by the COP28 United Nations climate summit to phase out fossil fuels

KING CHARLES

King Charles diagnosed with cancer: Buckingham Palace

The British monarch has begun treatments and will take a break from public engagements

UK Foreign Secretary David Cameron

UK Foreign Secretary David Cameron in Oman as Red Sea tensions escalate

His visit to Muscat follows regional travel last week where he met with leaders in Israel, Qatar and Turkey

Emirates joins forces with UK in sustainable aviation push Image Emirates X

Emirates joins forces with UK in sustainable aviation push

The Solent Cluster has the potential to create a sustainable aviation fuel plant with an estimated fuel production capacity of 200,000 tonnes (200 kt) per year

UK

Has UK economy entered a recession? Q3 data suggest so

UK Finance Minister Jeremy Hunt said the outlook for the economy was not as bad as the updated official figures suggested

UK visas fees to rise by Oct 4 2023 image: Getty Images

UK visas: Fees set to rise from October 4, here are the details

The rise in fees mean that the cost for a visit visa for less than six months is rising by GBP15 to GBP115 (around Dhs514)

Facebook News

Meta to remove Facebook News from UK, Germany, and France

Facebook News, a dedicated tab on Facebook’s platform spotlighting news content, is set to be phased out in early December

Heathrow airport trials low-carbon concrete -Image Heathrow Airport Limited

Heathrow is one of world’s first airports to trial use of lower-carbon concrete

As part of Heathrow’s holistic sustainability strategy – Heathrow 2.0 – the airport is committed to reducing on the ground emissions as well as those in the air

Proximie

SoftBank-backed Proximie launches virtual robotic-assisted surgery training course

The first observership programme will begin on October 16

INVESTMENT

Bahrain signs $1.3bn strategic investment deal with UK

The agreement aims to facilitate investment in sectors such as clean technology, business services and manufacturing

Birmingham Airport

Saudia launches first flight to Birmingham Airport

This is a significant step in Saudia’s strategy of expanding its international network and strengthening connections between the kingdom and the rest of the world

UAE-UK Sheikh Abdullah bin Zayed Al Nahyan and James Cleverly meet for the Strategic Dialogue between the UAE and UK. Image Credit: MOFAIC

UAE-UK inaugural strategic dialogue: key takeaways

The strategic dialogue builds on the 2021 bilateral meet during which the two countries agreed to establish a partnership for the future

Silicon Valley Bank UK

HSBC acquires Silicon Valley Bank UK for less than Dhs5

The assets and liabilities of the parent companies of SVB UK are excluded from the transaction

Nomo

Digital Islamic bank Nomo launches multi-currency accounts

First available in Kuwait, the multi-currency accounts will soon roll-out in phases to customers across the GCC

Sturgeon

Scotland’s Sturgeon to resign as first minister

It’s unclear when she plans to leave office

Dubai Investments acquires 9% stake in UK-based digital bank

Dubai Investments acquires 9% stake in UK-based digital bank

Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK

Risk Sunak appointed UK’s Prime Minister; world leaders welcome new premier

Sunak takes the reins after Liz Truss resigned last week

UAE's Masdar acquires UK-based Arlington Energy to expand footprint

UAE’s Masdar acquires UK-based Arlington Energy to expand footprint

The acquisition will support Masdar’s offshore wind and renewables investment strategy

Rishi Sunak becomes new Prime Minister of United Kingdom

Rishi Sunak becomes UK’s first British Asian Prime Minister

He replaces Liz Truss, who resigned last week after serving just 45 days in office

King Charles III

UAE President congratulates King Charles III on accession to UK throne

King Charles III was formally confirmed as the new British monarch on September 10

UAE mourning

UAE declares three-day mourning over demise of Queen Elizabeth II

Britain’s longest serving monarch passed away on September 8, at the age of 96

King Charles III: Taking on the new role as the face of a nation changes

Here’s a guide to the early days of King Charles III’s reign are expected to play out