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Daily Business Wrap - Jamie Oliver’s Dubai restaurant to stay open
Gulf News
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2/12/2025
See more at: http://gulfnews.com/videos
Full Article here: https://gn24.ae/80ee1f34fd8b000
British celebrity chef Jamie Oliver’s restaurant in Dubai will be unaffected by the collapse of the chain’s UK business, according to the outlet’s manager.
#JamieOliver #Huawai #Arada
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00:00
UK chipmaker ARM has reportedly told its staff to stop working with Huawei, the Chinese smartphone
00:08
giant, in order to comply with US trade restrictions. According to documents obtained by the BBC,
00:14
the chipmaker, based in the UK, reportedly told its staff to cease all contracts with
00:19
Huawei in order to be compliant given that some of its parts had US origins. The move,
00:26
if it proves to be long-term, could be an insurmountable blow to Huawei's mobile phone
00:31
business, according to one analyst. The UK chipmaker, whose technology forms the underlying
00:38
basis for many, many smartphones chips around the world, is described as one of the largest
00:43
UK tech companies, employing over 6,000 people at a number of offices in the UK. The Sharjah
00:49
real estate developer Arada has said today that it has secured a one billion dirham loan.
00:55
The loan comes in two parts, two syndicated loans arranged by Mashrek Bank, one a 600
01:00
million dirham loan and the other a 400 million dirham loan. The money, the company said,
01:05
will go towards developing its two projects in Sharjah. And lastly, despite going into
01:11
administration in the UK, Jamie Oliver's Italian restaurant here in Dubai will remain unaffected,
01:17
according to members of staff working at the restaurant. Apparel Group, the owner of the
01:22
franchise here in Dubai, declined to comment when contacted by Golf News. But the manager
01:27
or supervisor of the restaurant said that as a franchise it would be unaffected by the
01:32
bankruptcy of the UK division. Over 1,300 jobs are expected to be at risk in the UK
01:39
as the Italian chain closes down. That's all from us today. You can find the latest news
01:44
on golfnews.com. And we'll be back tomorrow with more headlines. Thanks very much for
01:48
watching.
01:52
Transcribed by https://otter.ai
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