
Shaza Hotels Eyes New Opportunities with Strategic Growth Plans
Shaji Abu Salih, Vice President, Business Development and Growth, Shaza Hotels and Mysk by Shaza, stated, 'Today, investors and travellers alike are placing greater value on culturally immersive brands that speak to local narratives. The beauty of regional brands like Shaza is our ability to be agile, authentic, and closely aligned with community values. This builds loyalty not only among guests but also among our partners.'
Shaza's focus on responsible growth, backed by strong distribution networks, digital transformation, and loyalty programmes tailored for regional travellers, is allowing it to scale sustainably while maintaining its distinct identity.
As global markets look to diversify offerings, the success of regional players like Shaza signals a shift in investor and guest confidence – from legacy luxury to meaningful, modern brands.
Shaza's growth journey continues on the Silk Route, fuelled by purpose and guided by heritage.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


What's On
18 hours ago
- What's On
Hong Kong highlights: A first-timer's travel guide
The first-ever Shangri-La property in Hong Kong, this property first opened its doors in June 1981. Located inthe famous shopping and entertainment district of Tsim Sha Sui East, it overlooks Victoria Harbour, offering a stunning view of the Hong Kong Island skyline. A 35-minute drive from Hong Kong International Airport, it's also played host to countless celebrities and VIPs over the years, and several famous Hong Kong films have been shot here too. Its grandeur is evident from the moment you step into the lobby, which, with marble-clad walls, intricate chandeliers, and opulent décor in rich, jewel-toned hues, was designed to mimic the feeling of being inside a Chinese palace. A large and impressive mural by renowned British artist Malcolm Golding, titled 'Shangri-LaValley', adds to the effect. One fun effect for travellers so busy enjoying their holiday they've lost track of time, is that the carpets in the elevators state what day of the week it is, changed at midnight each night. Rooms The hotel has 688 guestrooms and suites, all of which are decked out in neutral, stately furnishings for classicluxury. Muslim guests will be pleased to find a Qibla directional sign, a copy of the Quran, prayer mats, andbidets in the room should they need them- and separate male and female areas with special prayer facilities can be arranged for group usage. Facilities There are seven bars and lounges offering a wide range of cuisines, including Cantonese, Italian, Spanish, Japanese, and international cuisine (plus an excellent patisserie). A dinner at Shang Palace, the hotel's signature Chinese restaurant serving Cantonese classics with a twist, is among the must-try culinary experiences. The hotel also has a luxurious spa, with therapeutic, natural, and aromatherapy-supported treatments available. At the 24-hour Health Club, you'll find state-of-the-art fitness equipment, as well as an indoor pool and a heated whirlpool bath. Verdict: Frequently recognised as one of the top hotels in the world, this historical hotel has set benchmarks for Shangri- La on a regional as well as global scale. Staying here offers a slice of history, and easy access to the city's shopping and entertainment hubs. Room rates start from Dhs1,212. @kowloonshangrila Things to do The Peak Victoria Peak, known simply as The Peak, is a must-visit when in Hong Kong. Offering arguably the best skyline views of the city, it houses two shopping malls, the Peak Tower – where you'll also find the best viewing platform, Sky Terrace 428, and a Madame Tussauds museum. There's plenty to tick off while you're there, including the scenic 3.5km Circle Walk, verdant Victoria Peak Garden, and The Peak Tram – Asia's first funicular railway, which began operation in 1888. Tickets from Dhs18. Aqua Luna boat tour Set sail for stunning city vistas with a scenic harbour cruise. There's plenty of options to choose from, but for a taste of the traditional, book with Aqua Luna and you'll take to the river on Hong Kong's iconic red-sail Chinese junk boats. The best option to book to see the twinkling buildings in all their glory is the evening cruise, with a complimentary mocktail included with each ticket. Tickets from Dhs127. Soho House If you know someone who knows someone – or if you're already a member of Soho House – then a day at the exclusive members club is not to be missed. Housed in a 30-storey skyscraper in the Sheung Wan neighbourhood, there's lots to keep you busy – with a three-floor gym, screening room, a museum-level art collection and an indoor pool. Come hungry – there's also an outpost of Italian restaurant Cecconi's, and the main restaurant, where dim sum and traditional Chinese food is served. Where to eat Budget: Temple Street Night Market Come for the food, stay for the electric atmosphere at Temple Street Night Market. Located in the buzzing Jordan district, you can sample everything from clay pot rice and fish ball noodles, to sizzling skewers. Mid-range: Maxim's Place One of the most famous dim sum halls in Hong Kong, this elaborately adorned restaurant in Hong Kong's City Hall is an institution. Prepare to queue for this old school dim sum feast, but be rewarded with some of the finest dim sum in the city. Blowout: Sushi Shikon An exemplary sushi restaurant tucked inside the Mandarin Oriental, this head-spinningly innovative 3 Michelin Star restaurant offers a cultural – as well as gastronomic – immersion. Perch up at the hinoki counter and watch the skilled masters at work. Omakase menus start from Dhs1,053. Words: Anthony Milne, Images: Supplied & Unsplash With thanks to Shangri-La, Cathay Pacific and Hong Kong Tourism


Gulf Today
2 days ago
- Gulf Today
India's Modi announces credit worth $565 million to Maldives
Indian Prime Minister Narendra Modi on Friday announced a $565-million line of credit to the Maldives during a visit to the Indian Ocean archipelago, as the two countries launched formal talks for a free-trade agreement. Modi is visiting the Maldives, known for its upmarket tourist resorts, to mark the 60th anniversary of its independence and diplomatic relations between the two countries. The announcement came during Modi's joint media statement with Maldives' President Mohamed Muizzu. The two-day visit is crucial to India's ambition to control the seas and shipping routes of the Indian Ocean in a race with its regional rival China. It also marks the further easing of diplomatic tensions between the two nations that followed the election of pro-China Muizzu in 2023. Regional powers India and China compete for influence in the archipelago nation, which is strategically located in the Indian Ocean. On Friday, Modi witnessed the exchange of agreements to cooperate in sectors such as fisheries, health, tourism and digital development. He also formally handed dozens of heavy vehicles to the Maldives' defense forces. 'India is Maldives' closest neighbor. Maldives holds an important place in both India's neighborhood- first policy and ocean vision,' Modi said. 'India is also proud to be Maldives' most trusted friend.' The line of credit will be used for 'infrastructure and development projects in line with the priorities of the people of the Maldives,' he said. 'India will continue to support Maldives in developing its defence capabilities. Peace, stability and prosperity in the Indian Ocean region is our common goal,' he added. During Muizzu's visit to India last October, India announced financial support to the cash-strapped Maldives in the form of a $100-million treasury bills rollover and the countries signed a $400-million currency swap agreement. Tensions between India and the Maldives grew since Muizzu, who favored closer ties with China, was elected in 2023 after defeating India-friendly incumbent Ibrahim Mohamed Solih. Leading up to the election, Muizzu had promised to expel Indian soldiers deployed in the Maldives to help with humanitarian assistance. Last year New Delhi replaced dozens of its soldiers in the Maldives with civilian experts. Measure by Modi to promote tourism in India's Lakshadweep archipelago, off the southwestern coast of the Indian mainland, also sparked anger from Maldivians, who saw it as a move to lure Indian tourists away from their country. Indian celebrities then called for a tourism boycott to the Maldives. The dispute deepened when Muizzu visited China ahead of India in January last year, a move seen by New Delhi as a snub. On his return, Muizzu spelled out plans to rid his tiny nation of dependence on India for health facilities, medicines and import of staples. Relations started to improve after Muizzu attended Modi's swearing-in ceremony for a third five-year term. Muizzu has toned down his anti-Indian rhetoric, and official contacts with New Delhi have intensified as concerns grew about Maldives' economy. India has long been a critical provider of development assistance to the Maldives. Meanwhile, the Maldives joined China's Belt and Road Initiative in 2013 to build ports and highways and expand trade as well as China's influence across Asia, Africa, and Europe. Modi will attend the Maldives' 60th independence anniversary from being a British protectorate on Saturday. Separately, the Reserve Bank of India has 'won the battle against inflation' but the war is ongoing as price stability remains the central goal, Governor Sanjay Malhotra said during a fireside chat at a Financial Express event on Friday. The RBI delivered a larger-than-expected 50 basis point rate cut at its June policy review but shifted its stance to 'neutral,' suggesting limited room for further easing. However, with retail inflation falling to a six-year low and likely to hit a record low in July, calls have grown for at least one more rate cut this year. Many analysts argue the sharp disinflation also points to weakening demand in the economy. Malhotra said monetary policy being forward looking, will place greater focus on the outlook for growth and inflation, rather than current levels when the policy panel meets on Aug. 6. The change in stance to 'neutral' did not mean a reversal from the easing of policy, he said. 'We have the flexibility to move up, down or pause. Yes, it does mean, the bar for further easing is higher than it would have been if it (stance) was accommodative,' he added. Monetary policy transmission has quickened due to rate cuts and will help in supporting economic growth as overall flow of funds to the industry and economy is improving, Malhotra said. Further monetary policy measures would depend on the requirement but the central bank has enough ammunition in its armory to use as and when required, he added. Agencies


Khaleej Times
4 days ago
- Khaleej Times
UAE emerges as top global safe-haven for wealth in new tax index
The UAE has emerged as the world's most attractive destination for wealth preservation, with Abu Dhabi and Dubai topping the newly released Tax Friendly Cities Index 2025 by global mobility platform Multipolitan. The report underscores the UAE's status as a global hub for high-net-worth individuals (HNWIs) seeking stability, fiscal efficiency, and long-term wealth protection amid growing global tax pressures. Multipolitan's 'Wealth Report 2025: The Taxed Generation' ranks 164 cities based on their statutory taxation frameworks, legal governance, and treaty networks. Abu Dhabi takes the top spot, followed closely by Dubai in second place, outperforming traditional financial centres such as Singapore (3rd), Zurich (6th), and Hong Kong (7th). The UAE's achievement underscores its role as a magnet for global capital and talent in an era when rising taxes, geopolitical uncertainty, and shifting regulatory landscapes are redefining global wealth strategies. Abu Dhabi leads due to its zero per cent income tax regime, relatively low property transfer fees, strong legal infrastructure, and consistent policy environment. Dubai's second-place ranking reflects its unparalleled international connectivity, broad treaty coverage, and a regulatory ecosystem that supports transparent wealth management and investor confidence. Speaking on the findings, Nirbhay Handa, CEO of Multipolitan, said, 'Wealth isn't just being built anymore — it's being defended. Geography has become the ultimate strategy. The UAE is at the forefront of this shift, offering not just low tax rates but something even more important — predictability, legal clarity, and institutional trust.' The Index arrives at a time when high-tax jurisdictions in Europe and North America are tightening regulations on wealth, inheritance, and capital flows. In contrast, cities like Abu Dhabi and Dubai offer a rare combination of low-tax environments, asset security, and regulatory foresight — a mix that increasingly appeals to globally mobile families and corporate leaders. The report also highlights the broader strength of the Gulf region in shaping the future of wealth mobility. Five additional GCC cities made the top 20 — Manama (4th), Doha (5th), Kuwait City (8th), Riyadh (12th), and Muscat (17th) — driven by tax incentives, economic diversification strategies, and growing financial sector sophistication. With seven of the top 20 tax-friendly cities located in the GCC, the region's reputation as a rising force in wealth preservation is now firmly established. In addition to taxation metrics, Multipolitan's report introduces two complementary indexes that provide a multidimensional lens on global resilience. In the Wealth Preservation Cities Index (2015–2025), Zug, Hong Kong, and Basel ranked highest for safeguarding purchasing power during a volatile decade. Abu Dhabi and Dubai placed 22nd and 24th, respectively, indicating growing maturity and increasing investor confidence in long-term capital security. Meanwhile, in the Smart & Sustainable Cities Index 2025, Wellington, Copenhagen, and Singapore topped the rankings. Abu Dhabi and Dubai, ranked 23rd and 25th, are quickly climbing the ladder as they invest in climate resilience and digital infrastructure — cornerstones of future wealth sustainability. According to Knight Frank's 2024 Wealth Report, Dubai recorded the highest global influx of ultra-rich individuals, with over 4,500 new HNWIs relocating to the city in the past year alone. This was driven by its appealing visa regimes, lifestyle offerings, and safe-haven status during geopolitical upheavals. Abu Dhabi, with its long-term investor residency schemes and rapidly expanding private banking sector, is also gaining traction among institutional wealth managers and multi-family offices. The Multipolitan report includes expert commentary from former leaders at EY, Deloitte, and BDO, as well as international tax lawyers and family office strategists. Collectively, these perspectives paint a picture of a new global order in wealth planning — one where jurisdictional agility, smart structures, and proactive compliance are becoming essential. Topics addressed range from how American expatriates are restructuring their holdings, to how AI is transforming global tax strategy, to Portugal and Malta's rising appeal as complementary wealth hubs. What sets Abu Dhabi and Dubai apart, experts note, is their ability to combine traditional financial stability with innovation and long-term governance vision. With no personal income tax, capital gains tax, inheritance tax, or wealth tax, the UAE continues to attract wealth creators seeking to shield their legacies from policy volatility. Moreover, the country's rapidly growing network of double tax treaties — now exceeding 140 — ensures international compliance and ease of asset mobility. As governments worldwide increase scrutiny on offshore structures and adopt transparency standards like the OECD's Common Reporting Standard (CRS), the UAE's strategy of aligning competitive taxation with robust regulatory practices has earned global credibility.