Meet the world's most expensive cocktail, $42,432 in a glass
The world's most expensive cocktail
The world's most expensive cocktail is now being served in Dubai, United Arab Emirates. Mixed by the renowned bartender Salvatore Calabrese — an award-winning global powerhouse, consultant to the bar industry and select luxury brands, esteemed judge in international competitions, and former President of the United Kingdom Bartenders' Guild — this cocktail is already making waves.
Served in the finest crystal glassware, Baccarat made in 1937, the viral drink features an exceptionally rare ingredient that dates to the 1950s.
Served in the finest crystal glassware, Baccarat made in 1937, the viral drink features an exceptionally rare ingredient that dates to the 1950s. (Salvatore Calabrese Website)
The cocktail is now being served at Nahate Dubai restaurant for $42,432 (156,000 AED). A special bidding took place for the launch of this viral drink, and it was ultimately purchased by Diana Ahadpour, a celebrity influencer, businesswoman, and fashion designer.
Notably, the restaurant's management explained that the cocktail was carefully crafted to generate significant buzz for the venue. Initially priced at $16,320 (60,000 AED), the drink's value soared to $42,432 (156,000 AED) following a competitive bidding process.
'The lady who bought it was determined to be the one who got her hands on the special drink. Once she won, she enjoyed her drink and shared some with her friends. It was a truly special event for everyone,' the restaurant stated.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
3 days ago
- Al Bawaba
LG Unveils Exclusive Summer Savings to Elevate Every Moment of the Season
LG Electronics (LG) today announced the launch of its highly anticipated summer campaign in the United Arab Emirates (UAE), rolling out a series of limited-time offers in partnership with participating LG retailers across its cutting-edge product lineup. From stylish and functional home appliances to immersive entertainment solutions and productivity-enhancing displays, LG's latest seasonal promotions are designed to help customers across the region fully embrace the summer season in comfort and planning a cozy staycation or refreshing the home after a trip abroad, LG's innovative technology ensures every summer moment – from laidback lounging to vibrant get-togethers – is enhanced with greater ease, enjoyment, and HighlightsEspecially for summer, savings of up to 25% on select home appliances mean that there's never been a better time to upgrade homes with some of LG's most innovative products – including the luxurious LG Black Glass InstaView Door-in-Door™ refrigerator in Essence Black Steel, which combines contemporary style with energy-saving functionality; in addition to laundry day getting an upgrade with the innovative LG WashTower™, a streamlined, all-in-one solution featuring a 19kg washer and 16kg LG's Dehumidifier, ideal for tackling summer humidity, as well as eliminating dust, viruses, bacteria, pollen, and allergens, is now available at a promotional price of AED 1,999, reduced from AED 2, to mention the opportunity to create an unimaginably immersive viewing experience for the whole family with discounted prices on LG's celebrated OLED and QNED TVs. In fact, customers can enjoy up to 30% off, while those looking at the new 2025 models will find attractively discounted bundle sets that include state-of-the-art LG those looking to transform their living spaces into entertainment hubs with something a little more portable, LG is offering a 20% discount, equivalent to a saving of AED 1,000, on the sleek and compact LG CineBeam Q Small 4K UHD Projector. Similarly, tech-savvy shoppers and remote workers can also take advantage of up to 30% savings on select LG monitors, with a wide range of models suited for gaming, professional workstations, and multimedia Living for a Smarter SummerLG's smart technologies not only improve day-to-day life but also promote energy efficiency and sustainability, making them ideal companions for the UAE summer where, as temperatures rise, the demand for comfort, convenience, and connectivity increases. And LG is meeting this demand with a portfolio that caters to every aspect of modern living, be it by enjoying significant savings on intelligent refrigerators that extend food freshness, energy-efficient washers that simplify daily chores, or dynamic entertainment solutions that turn homes into cinemas. These limited-time offers are available at participating retailers and official LG channels in the UAE, with savings across some of the brand's most sought-after innovations. The time is now to refresh your space – and your lifestyle.
Al Bawaba
25-07-2025
- Al Bawaba
du reports a stellar net profit expansion in Q2 2025 with a 25.1% year-over-year growth
Emirates Integrated Telecommunications Company PJSC (du) reported its financial results for the second quarter of 2025. Continuing the positive momentum established in the first quarter, our revenues increased by 8.6% year-over-year, reflecting strong performance across all business segments and solidifying our market position. EBITDA rose by 16.4% resulting in an EBITDA margin of 46.8%, a 3.1 percentage points improvement year-over-year, driven by our strategic focus on value-driven products and our disciplined cost operational excellence translated into an impressive net profit increase of 25.1%. In recognition of these strong financial results, the Board has approved an interim cash dividend of AED 0.24 per share, representing an increase of 20% year-over-year.Q2 2025 Highlights• Solid subscriber base growth with an increase of 10.8% in Mobile and 12.0% in Fixed, reflecting positive market dynamics and good level of customer acquisition• Strong market position with 8.6% revenue growth and solid performance across all business segments• Impressive bottom-line growth with EBITDA up 16.4% and margin improving by 3.1 pp to 46.8% resulting in net profit rising by 25.1%• 2025 guidance: 2025 Revenue growth of 6-8%, 2025 EBITDA margin: 45-47%• Upgraded full-year guidance supported by the strong performance achieved in the first half and highlighting confidence in the growth trajectory• Strategic investments in adjacent businesses to support future growth highlighted by:• Start of deployment of the hyperscale datacentre in partnership with Microsoft• Launch of the National Hypercloud platformMalek Al Malek, Chairman said: 'Our strong performance in the first half of 2025 reflects the effective delivery of our focused strategy, underpinned by a favourable economic environment and sustained commitment to business excellence. The Board is confident in management's customer-centric and agile approach, which reinforces du's leadership in driving innovation and adaptability. We take pride in our strategic initiatives that contribute to advance the UAE digital agenda, expanding our ICT capabilities and accelerating the digital transformation. Through partnerships with global technology leaders, we are enabling sovereign hyperscale cloud and AI services from UAE-based data centres—empowering a smarter, more connected future for the Emirates. We continue to ensure disciplined capital allocation and sustained long-term value creation for our shareholders. Reflecting our robust first-half results and continued confidence in du's future prospects, the Board has approved an interim dividend per share of 24 fils, underlining our enduring commitment to shareholder returns.'Fahad Al Hassawi, CEO commented: 'Our second quarter financial results showcased impressive performance, fuelled by the meticulous execution of our strategy and consistent growth across every aspect of our operations. We achieved double digit growth in both our Mobile and Fixed subscriber base, underscoring our market leadership and brand strength. We advanced our network coverage and enhanced our connectivity offering with the commercial rollout of 5G Advanced. Our fibre infrastructure also expanded significantly, supporting long-term demand for high-speed connectivity. We launched the UAE's first sovereign hyperscale cloud platform, the National Hypercloud, and made advances in deploying our hyperscale data centre in collaboration with Microsoft, positioning us at the forefront of secure, AI-ready digital operational achievements translated into strong financial performance underpinned by our disciplined approach to value creation and cost efficiency. The solid revenue growth of 8.6% year-over-year was coupled with strong profitability as EBITDA margins expanded by 3.1 percentage points to 46.8%, translating into a 25.1% increase in net profit. Our upgraded full-year guidance reflects the strong performance achieved in the first half of the year, our confidence in the resilience of our business model and our ability to deliver sustainable, profitable growth.'Customer base• In Q2 our Mobile customer base grew by 10.8% year-over-year, reaching 9.1 million subscribers, representing 893,000 net-additions year-over-year. Postpaid rose 9.8% year-over-year to 1.9 million customers supported by strong momentum in the enterprise segment. Prepaid grew by 11.1% to 7.3 million subscribers, reflecting the continuous success of the Alo brand among blue-collar workers and the expansion of retail presence in underserved areas, as well as a solid tourist activity.• In Q2 our Fixed customer base recorded a strong year-over-year growth of 12.0%, reaching 706,000 subscribers, with 76,000 net-additions over the past 12 months. This performance was driven by the continued success of our Home Wireless offering as well as sustained demand for fibre broadband services, reflecting our enhanced value proposition and our expanding Network. Q2 2025 Financial Highlights• Revenues surged by 8.6% year-over-year reaching AED 3.9 billion, marking strong performance across both service and non-service revenues. This strong performance underscores the continued momentum in our core business and the successful execution of our revenue diversification strategy.• Mobile revenues climbed by 7.7% year-over-year to AED 1.7 billion reflecting sustained growth in our customer base and the success of our targeted propositions and highly effective marketing campaigns. The optimized use of digital and retail channels also enhanced customer acquisition and engagement, further fuelling revenue momentum.• Fixed revenues rose by 10.1% year-over-year reaching AED 1.1 billion mainly driven by the ongoing expansion in Home Wireless and Fibre customer base. We witnessed encouraging traction in the SME segment, along with increased adoption of Office Wireless solutions-further cementing our position as a trusted partner for connectivity and productivity.• 'Other revenues' recorded an 8.8% year-over-year growth to AED 1.1 billion buoyed by higher inbound roaming and interconnection revenues—reflecting our expanded Mobile base, higher handset sale, and growth in ICT revenues in line with our strategic ambition to broaden revenue streams beyond traditional connectivity.• EBITDA grew by 16.4% to AED 1.8 billion, with the EBITDA margin improving by 3.1 points year-over-year to 46.8%. The uplift was fuelled by a stronger gross margin, mainly benefiting by a more favourable mix, with continued migration toward unlimited data plans. Our continued discipline around cost efficiency and collections also played a pivotal role in enhancing profitability.• Net Profit rose by 25.1% year-over-year to AED 727 million, delivering a Net Profit margin of 18.6%. This reflects the strength of our operational performance and a clear focus on value creation for our shareholders.• Capex reached AED 545 million (Q2 2024: AED 442 million), representing a capex intensity of 14.0% (Q2 2024 capex intensity of 12.3%). This increase reflects our commitment to scaling our data centre capabilities and supporting long-term digital infrastructure growth.• Operating free cash flow (EBITDA – Capex) rose by 13.8% to AED 1.3 billion, underpinned by strong EBITDA growth. This robust cash generation provides the financial flexibility to invest in future growth while maintaining attractive shareholder returns. Based on these results, the Board approved an interim dividend of AED 0.24 per share for the first half of the year, representing a 20% increase year-over-year and reflecting the strong financial performance and confidence in our outlook.
Al Bawaba
07-05-2025
- Al Bawaba
ADNOC distribution reports highest first-quarter ebitda, with 11% year-on-year growth
ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE's largest fuel and convenience retailer, today reported record Q1 EBITDA and fuel volumes that drove double-digit year-on-year (y-o-y) earnings growth. For the first three months of 2025, ADNOC Distribution's financial performance significantly exceeded analyst expectations. Net profit increased 16% year-on-year (y-o-y) to $174 million (AED639 million), with EBITDA increasing by 11% y-o-y to $275 million (AED1.01 billion), the company's highest first-quarter EBITDA result since its 2017 IPO. Underlying EBITDA rose 13% y-o-y to $246 million (AED 904 million). These strong results reflect growth in both fuel and non-fuel segments, driven by the Company's focus on sustainable growth and cost efficiencies. ADNOC Distribution added 20 new service stations in Q1, bringing the network-wide total to 915, up from 846 in Q1 2024 and putting the Company on track to meet its target of 40-50 new stations by the end of 2025. Key to this expansion has been ADNOC Distribution's focus on the large and dynamic Saudi fuel retail market, where the Company is able to expand quickly to meet increasing demand while minimizing CAPEX by deploying a Dealer Owned-Company Operated (DOCO) business model. In Q1 2025, ADNOC Distribution contracted 15 service stations in Saudi Arabia, growing its total network in the country to 115, up by 67% compared to Q1 2024. Eng. Bader Saeed Al Lamki, Chief Executive Officer of ADNOC Distribution, said: 'Our record first-quarter performance demonstrates our commitment to growth and delivering sustainable and innovative solutions to our customers while creating long-term value for shareholders. Our outstanding Q1 2025 results, with an 11% rise in EBITDA and a 16% increase in net profit, highlight ADNOC Distribution's outstanding progress against our 2024-2028 growth strategy and our commitment to operational excellence. As we continue to expand our network and capabilities, adding new service stations and enhancing our customer experiences, we remain focused on capturing new opportunities and setting new benchmarks for the mobility and convenience retail industry. OPERATIONAL PERFORMANCE In Q1 2025, ADNOC Distribution achieved its highest-ever first-quarter fuel volume of 3.7 billion liters, driven by market share growth, increasing demand, and network expansion in the UAE, Saudi Arabia, and Egypt. Non-fuel retail (NFR) continues to be a key growth driver, outpacing fuel growth and allowing ADNOC Distribution to extract more value from its assets. ADNOC Rewards, the UAE's largest fuel and convenience loyalty program, now has 2.4 million members – a 19% y-o-y increase. In Q1 2025, NFR gross profit grew by 14% y-o-y, driven by a 9% increase in transactions, higher convenience store conversion rates, and continued strong performance in car wash, lube change, and property management services. ADNOC Distribution added 20 new quick-service retail outlets in Q1 2025, further cementing its position as the largest retail property network in the UAE with 1,165 units across the country. Additionally, the Company significantly expanded its E2GO public EV charging network, adding 63 new fast and super-fast charging points in Q1, bringing the total to 283 installed across the UAE -a y-o-y increase of 318%. This expansion puts ADNOC Distribution on track to meet its target of 100 additional charging points by the end of 2025, in line with a commitment to grow the network to 500+ charging points by 2028. DIVIDEND AND SHAREHOLDER RETURNS With strong and predictable free cash flow generation and disciplined capital allocation, ADNOC Distribution continues to provide best-in-class yields and transparency on returns. With a robust balance sheet and net debt to EBITDA ratio of 0.7x, the Company remains committed to its dividend policy, with a projected annual payout of $700 million (at 20.57 fils per share) or a minimum of 75% of net profit, whichever is higher, through 2028. At a share price of 3.40 as of 5 May 2025, this represents an annual yield of 6%. OUTLOOK In 2025, the Year of Community, ADNOC Distribution continues to deliver against its growth strategy as it transforms its service stations into welcoming spaces at the heart of the communities it serves while continuing to deliver sustainable shareholder value. The Company remains committed to driving operational efficiencies and sustainable growth. By accelerating its digital transformation, ADNOC Distribution is solidifying its position as the UAE's leading mobility and convenience retailer, while strategically expanding its brand presence internationally. FINANCIAL SUMMARY (USD Millions) Q1 2024 Q1 2025 % Change Gross profit 403 440 +9% EBITDA 248 275 +11% Underlying EBITDA 218 246 +13% Net profit 150 174 +16%
