This weekend was all about Jaxon and relaxing , it was great to see him embracing all sports this weekend with basketball and baseball taking the lead with the Villa.
It was lovely to also get to go to see the Empire awards for all the teams and it was a really good evening. Ok so Jax didn’t win anything but it’s a good reminder for him to work harder if he wants to be a winner. Or he can just enjoy the games and not worry about winning.
I finally managed to get back into boxing and it has been a long time since I have put on the gloves but I did enjoy being back in it.
I have a few trips with work coming up to Europe so watch this space for more exciting investment opportunities.
As you know Jordan is no longer with us but the exciting news is that we have a stronger than ever team and we hope to launch something very exciting in the next couple of months.
+971 56 130 7899
info@tonihugheswealth.com
Ongoing promotion efforts in the UAE and Saudi have reshaped the real estate market towards continuous high-season demand, as Saudi and the UAE attract more business travellers, relocating families, and tourists all year round
Global and regional rental service-providing firms are gearing up for a surge in the influx of visitors and business travellers to the UAE and Saudi Arabia during the current summer season and beyond, as the two countries shift strategies to make cities such as Dubai, Abu Dhabi and Riyadh year-round destinations for travellers.
Proptechs such as Silkhaus, Colife and BetterHomes are leveraging their B2B networks and sales teams to drive occupancy in the current summer season and beyond, while international vacation booking platforms such as Airbnb, Booking.com and Quora are said to deploying innovative region-specific promos amid campaigns run by Dubai and Abu Dhabi as destinations for all seasons are attracting holidaymakers in droves, industry players said.
Riyadh, on the other hand, has commenced with promoting the capital city as a growing weekend leisure market.
“The campaigns [by Dubai, Abu Dhabi, etc] are playing a crucial role in attracting guests even during the current summer season, previously considered among low-seasons, to attract travellers to the popular Gulf city destinations,” Peter May, Vice President of Operations at Silkhaus, told Arabian Business.
“Travellers are increasingly looking for cost-effective ways to experience the city, particularly during non-peak times, keeping companies like ours quite busy to cater to the rising demand,” he said.
This year, the campaign by Dubai focuses on the evolution of the city beyond being a seasonal destination, transforming into a 360-day destination choice, while Abu Dhabi pushes the theme, with the “One Summer Isn’t Enough” campaign.
“We’re seeing heightened demand even for the summer season,” said a senior executive with a Delhi-based outbound tourist operator.
May said rental providers are also seeing surging demand because of an increase in room tariffs by traditional hotels.
Recent data showed Dubai topping Google’s search trends for summer holidays in 2024, which is anticipated to lead to rise in demand for accommodations.
Look: Burj Khalifa lights up for Olympic Day
The world’s tallest tower shone brightly with the games logo and the colours of its five rings
On Sunday evening , Burj Khalifa in Dubai was lit up with the Olympic logo and the colours of its five rings to coincide with the celebration of Olympic Day. Olympic Day honours Baron Pierre de Coubertin, who founded the International Olympic Committee on June 23, 1894.
About the event, Ahmed bin Mohammed, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council, posted on X: ” The UAE joins the world in celebrating this year’s Olympic Day on 23 June with the theme ‘Let’s Move and Celebrate’. Our leadership is committed to supporting the Olympic movement by creating an environment that fosters sporting excellence.”
He also underlined UAE’s commitment to advancing the goals of the Olympic Movement that reflects the vital role that sports play in our society. Less than a fortnight ago, on June 12, the 828-metre skyscraper had displayed the Philippine flag to celebrate the 126th Philippine Independence Day.
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The Fidelity Weekly Market Review
Monday 24th June 2024
Not yet… The Bank of England held its main interest rate unchanged at a 16-year high of 5.25% but described the decision as “finely balanced”. New figures showed headline annual inflation hitting the target 2%, however, core inflation, excluding food and energy, eased to 3.5% from 3.9% the month before, and inflation for services didn’t fall as much as expected.
Likewise, Norway’s central bank maintained its key policy interest rate at a 16-year high of 4.5% and signalled that it was not any closer to cutting interest rates.
Elsewhere in Europe, the Swiss National Bank decreased its key interest rate by 25 basis points to 1.25%, following a similar move in March.
The latest comments from Fed officials provided no surprises to the markets. New York Fed President John Williams said rates will gradually come down, while Richmond Fed President Thomas Barkin said he required more months of economic data before supporting a rate cut.
The People’s Bank of China injected RMB 182bn ($25.09bn) worth of funds into the banking system via its medium-term lending facility and left the lending rate unchanged at 2.5%, as expected. This compared with a maturing loan of CNY237bn due this month, suggesting a net drain of CNY55bn from the banking system amid the central bank’s drive to tackle excessive liquidity.
The Yen weakened to around JPY 159.8 against the USD hovering near fresh 34-year lows as it remained weighed down by US-Japan interest rate differentials.
In company news:
Nvidia briefly overtook Microsoft and Apple to become the world’s most valuable company on Tuesday 18th valued at $3.3trn. The maker of chips for artificial intelligence has seen its share price surge by 40% since issuing bumper quarterly revenues and profits a month ago and expects sales to increase from the roll-out of its Blackwell chip.
Broadcom’s share price hit new highs, after the chipmaker announced a ten-for-one stock split that comes into effect in July.
Fisker, a maker of electric vehicles, filed for bankruptcy protection in America. The company went public in 2020 amid a wave of optimism in the industry, but its sales never took off.
Boeing’s CEO, Dave Calhoun, was questioned by American senators about recent safety incidents involving his company’s planes, such as the blowout of a door panel on a 737 max. Boeing’s share price is down by -32% this year.
