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How to Find the Coolest Places To Stay In Dubai

Dubai is a bustling hotspot for tourism because of its impressive construction projects and thriving nightlife, yet many people have no idea where to begin looking for cool places to stay as they plan their visit. As exciting and enamoring as Dubai can be, foreigners with little experience in the area can have a rough go of things if they don’t thoroughly research things ahead of time so that they know what they’re getting into. What should you know before you head to Dubai, and where should you...
Tags: Travel, Dubai, Family Travel, Burj Khalifa, Dubai Mall, Dubai Creek, Jumeirah Beach Residence, Jumeirah Lake Towers While, Satwa District, Dubai Al Fahidi


#Dubai's Mashreqbank hires Citi, BAML for dollar bond reopening -sources | ZAWYA MENA Edition

Dubai's Mashreqbank hires Citi, BAML for dollar bond reopening -sources | ZAWYA MENA Edition:Dubai-based Mashreqbank has hired Citi and Bank of America Merrill Lynch (BAML) as joint bookrunners for a "tap" of a $500 million bond the bank issued in February, sources close to the matter said.Under a bond tap, an existing transaction is reopened for subscription, using the same documentation as before.The new paper is being marketed with an initial price guidance of 4% to 4.1%, the sources said. ...
Tags: Travel, Dubai, Citi, Rupert Neil Bumfrey, Bank of America Merrill Lynch BAML, Mashreqbank, Citi BAML


MIDEAST STOCKS-Financials, property elevate #Dubai, most of Gulf up - Reuters

MIDEAST STOCKS-Financials, property elevate Dubai, most of Gulf up - Reuters:Dubai's stock market rose sharply onWednesday, buoyed by financial and real estate shares, to leadgains in most major Gulf bourses.Dubai's index closed 1.8% higher with all its realestate shares gaining. Blue-chip developer Emaar Properties added 2.6% and market heavyweight lender Emirates NBD was up 2.8%.Locals and foreigners bought selectively on the DubaiFinancial Market, especially in the real estate and constructio...
Tags: Travel, Dubai, Gulf, Reuters, Emirates NBD, Emaar Properties, Rupert Neil Bumfrey, Harsh Oza


Updated: #UAE launches permanent residency visas for investors and skilled expatriates- #Dubai ruler | ZAWYA MENA Edition

Updated: UAE launches permanent residency visas for investors and skilled expatriates- Dubai ruler | ZAWYA MENA Edition:The United Arab Emirates has launched today the permanent residency system for investors and exceptionally skilled foreigners, the ruler of Dubai and prime minister of the UAE announced today.The permanent residency visa named the ‘Golden Card’ will be granted to investors and exceptionally competent individuals in the fields of medicine, engineering, science, and all arts, acc...
Tags: Travel, United Arab Emirates, Dubai, Uae, Mohammed bin Rashid Al Maktoum, Rupert Neil Bumfrey


Dubai airport DJ program

“Airport” and “rave” aren’t exactly two terms that go hand-in-hand, but that’s about to change courtesy of Dubai International Airport (DXB). If you find yourself getting frustrated as you trek through the airport to your gate, sleepy as you stand in line at security, or easily irritated in the crowds of other travelers, this new resident DJ program might just lift your spirits. As part of the airport’s #musicDXB program, DXB has partnered with DJ duo Hollaphonic to set up a monthly concert ...
Tags: Travel, Europe, Airports, Dubai, All, Dubai International Airport, Time Out Dubai, Hollaphonic, Olly Wood


Lavorare come pasticciere a Dubai

Lavorare come pasticciere a Dubai non é difficile , bastano costanza ed impegno, Dubai offre tante opportunità in questo ambito
Tags: Travel, Featured, Dubai, Hotel, Emirati, News da Dubai, INFORMAZIONI su DUBAI ed EMIRATI ARABI, Viaggi a Dubai, Hotel & Ristoranti, Ristoranti, Lavoro, Opportunitá Di Lavoro, Pasticciere


MIDEAST STOCKS-Property pulls down #Dubai as most Gulf markets lower - Reuters

MIDEAST STOCKS-Property pulls down Dubai as most Gulf markets lower - Reuters:Dubai’s stock market opened lower on Sunday, dragged down by property shares as most Gulf markets were weaker amid rising geopolitical tensions.Dubai’s main index was down 1.5% in early trade with Emaar Properties falling 3.8%.The emirate’s top developer has outperformed its peers, reporting a 7.2% rise in first quarter profit on May 5, in a market where prices have fallen since a mid-2014 peak, hurt by weaker oil pric...
Tags: Travel, Dubai, Gulf, Reuters, Emaar Properties, Rupert Neil Bumfrey


#Dubai Free Zone to Refund $354 Million in Fees to Spur Economy - Bloomberg

Dubai Free Zone to Refund $354 Million in Fees to Spur Economy - Bloomberg:Dubai’s main port and biggest free zone authority plans to return 1.3 billion dirhams ($354 million) in cash and bank guarantees to its clients in an effort to stimulate the broader economy.Jebel Ali Free Zone will start refunding companies operating in its jurisdiction in September. Jafza, as the economic zone is known, said in a statement the move will help companies invest in their operations and strengthen their busin...
Tags: Travel, United Arab Emirates, Dubai, Rupert Neil Bumfrey, Jebel Ali Free Zone, Dubai Free Zone, Spur Economy Bloomberg


Arabtec CEO steps down as profits decline in first quarter

Arabtec CEO steps down as profits decline in first quarter:Arabtec Holding, the Dubai-listed construction firm, reported on Wednesday a 50 per cent plunge in its profits for the first quarter of this year as it recorded some losses on one of its investments.The company also announced that its chief executive officer, Hamish Tyrwhitt, has stepped down from his position, and will be replaced temporarily by chief financial officer, Peter Pollard.Arabtec did not provide details on why Tyrwhitt is st...
Tags: Travel, Dubai, Pollard, Rupert Neil Bumfrey, Tyrwhitt, Hamish Tyrwhitt, Peter Pollard Arabtec


MIDEAST STOCKS- #SaudiArabia up on banks, weak earnings hurt #Dubai - Reuters

MIDEAST STOCKS-Saudi Arabia up on banks, weak earnings hurt Dubai - Reuters:Saudi Arabia's stock market rosemoderately on Wednesday, lifted by its banking shares followingindex provider MSCI's decision to include multiple lenders,while Dubai was pressured by a string of disappointing corporateearnings.    Saudi Arabia's index increased 1.3% with Al RajhiBank gaining 2.1% and Alinma Bank rising2.6%, while National Commercial Bank was up 0.9%."The 10% to 15% correction in large caps especially the...
Tags: Travel, Saudi Arabia, Dubai, MSCI, Dubai Reuters, Rupert Neil Bumfrey, National Commercial Bank, Alinma Bank, Al Mal Capital, Vrajesh Bhandari, Al RajhiBank


#Dubai’s Majid Al Futtaim Plans More Green Bond Issuances: CEO – Bloomberg

Dubai’s Majid Al Futtaim Plans More Green Bond Issuances: CEO – Bloomberg:Alain Bejjani, chief executive officer of Majid Al Futtaim Holding LLC, one of the biggest real estate companies in Dubai and the operator of Carrefour SA stores in the Middle East, talks about its business strategy and its plan to raise $600 million dollars in Sukuk bonds for environmentally-friendly projects. He speaks on "Bloomberg Daybreak: Middle East." (Source: Bloomberg) [Author: [email protected] (Rupert Neil ...
Tags: Travel, Bloomberg, Middle East, Dubai, Carrefour SA, Rupert Neil Bumfrey, Majid Al Futtaim Holding LLC, Bloomberg Daybreak, Alain Bejjani


DAMAC's first-quarter profits drop 94% as #Dubai property market slumps - Reuters

DAMAC's first-quarter profits drop 94% as Dubai property market slumps - Reuters:Dubai’s DAMAC Properties , the owner and operator of the only Trump-branded golf club in the Middle East, reported a 94% annual drop in first-quarter net profit, pressured by a slump in the emirate’s property market.DAMAC said on Wednesday its net profits in the first three months of the year amounted to 31.1 million dirhams ($8.47 million), against 483.9 million dirhams during the same period a year earlier.EFG Her...
Tags: Travel, Middle East, Dubai, Trump, Reuters, EFG Hermes, Rupert Neil Bumfrey, Damac


Deloitte Dubai may have understated #Abraaj’s misuse of $300m of funds - The National

Deloitte Dubai may have understated Abraaj’s misuse of $300m of funds - The National:Abraaj allegedly misused as much as $300 million (Dh1.1 billion) in one of its funds and Deloitte’s Dubai office may have understated the scale of unauthorised practice by the private equity company in a review it conducted, according to a memo from a Cayman Islands law firm.“An estimate provided by Deloitte Dubai and subsequently adopted by the AIML JPLs [Abraaj Investment Management Limited’s joint provisional...
Tags: Travel, Dubai, Deloitte, Cayman Islands, Ogier, Grand Cayman, Abraaj, Deloitte UK, Rupert Neil Bumfrey, Abraaj Investment Management Limited, Deloitte Dubai


#Dubai Stocks Shift From World's Worst to Best in Just 24 Hours - Bloomberg

Dubai Stocks Shift From World's Worst to Best in Just 24 Hours - Bloomberg:Investors in Dubai’s equities might be feeling whiplash after the main index went from the day’s worst performer worldwide to the biggest gainer in back-to-back sessions, in response to shifting news on regional tensions and local stocks’ presence in global benchmarks.The DFM General Index advanced 3.5% Tuesday, gaining more than any other major market tracked by Bloomberg and almost fully erasing a loss of 4% the previou...
Tags: Travel, Bloomberg, Dubai, MSCI, Persian Gulf, Rupert Neil Bumfrey, MSCI Inc, Emaar Malls PJSC, Emaar Development PJSC


Volara and INTEREL Enabling Hotel Guests to Control the Room Environment on Voice Command

New York and Dubai — May 14, 2019 — Today travelers have even more control over their hotel room environments thanks to an integration partnership between Volara and INTEREL. Guests can raise or lower room temperature, open or close drapes, turn on or off lights, and ask for guest services such as "do not disturb" or "make up room" using simple voice commands spoken to any of the major natural language processing platforms including Amazon Alexa, Google Assistant, and IBM Watson. Volara's...
Tags: Travel, New York, Dubai, Amazon Alexa Google, Volara, Room Environment on Voice Command, IBM Watson Volara


#Dubai index poised for turnaround as Expo 2020 nears

Dubai index poised for turnaround as Expo 2020 nears:In the medium term, Dubai Financial Market (DFM) general index look poised for a rebound on the back of strong economic fundamentals, according to Charles-Henry Monchau, managing director, chief investment officer and head of Investments at Al Mal Capital.The index has been one of the worst-performing regional equities over the last four years, losing about 50 per cent of its value since late 2014. Monchau spoke to Gulf News in an interview th...
Tags: Travel, Dubai, Uae, Gulf News, Dubai Financial Market DFM, Rupert Neil Bumfrey, Al Mal Capital, Charles Henry Monchau, Monchau


MIDEAST STOCKS-Trade tensions, tanker attacks darken mood in Gulf markets - Reuters

MIDEAST STOCKS-Trade tensions, tanker attacks darken mood in Gulf markets - Reuters:Dubai and Abu Dhabi stock markets suffered their biggestsingle-day decline in years on Monday after several commercial ships wereattacked off the coast of the United Arab Emirates.Saudi shares had their worst day since mid-October after Riyadh said two ofits oil tankers were among the vessels hit in the attacks.Saudi Arabia's index declined 3.6%, with Al Rajhi Bankdropping 4.6% and petrochemical group Saudi Basic...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Reuters, Riyadh, Rupert Neil Bumfrey, Saudi Basic Industries, United Arab Emirates Saudi, Al Rajhi Bankdropping


#Dubai Banks Are Said to Hire HSBC and Barclays for Merger Talks - Bloomberg

Dubai Banks Are Said to Hire HSBC and Barclays for Merger Talks - Bloomberg:Dubai Islamic Bank PJSC hired HSBC Holdings Plc to advise on its possible acquisition of smaller rival Noor Bank PJSC, according to people with knowledge of the matter.Noor Bank is working with Barclays Plc on the deal, the people said, asking not to be identified because the discussions are private. An acquisition would create a lender with 278 billion dirhams ($76 billion) in assets.Dubai Islamic Bank can see “a lot of...
Tags: Travel, Bloomberg, Barclays, Hsbc, Dubai, Barclays PLC, HSBC Holdings Plc, Noor Bank, Rupert Neil Bumfrey, Dubai Islamic Bank, Adnan Chilwan, Noor Bank PJSC, Dubai Islamic Bank PJSC


Mideast Stocks: #UAE markets down on regional geopolitical tensions | ZAWYA MENA Edition

Mideast Stocks: UAE markets down on regional geopolitical tensions | ZAWYA MENA Edition:Stocks in the United Arab Emirates fell sharply in early trade on Monday amid rising geopolitical tensions after the UAE said that four commercial vessels were hit by sabotage near the emirate of Fujairah on Sunday.The Dubai index was down 1.5% and Abu Dhabi's index was down 1.7% in early morning trade."Regional geopolitical tensions and the US-China trade row are affecting market sentiment," said Nishit Lakh...
Tags: Travel, United Arab Emirates, Dubai, Abu Dhabi, Bahrain, Uae, US China, Rupert Neil Bumfrey, SiCo, Nishit Lakhotia


How will #Dubai's potential three-year rent freeze affect the property sector? - The National

How will Dubai's potential three-year rent freeze affect the property sector? - The National:News that the UAE government has started to issue five-year residency visas to entrepreneurs this month is music to the ears of property developers. So too the pronouncement from the International Monetary Fund that the local economy may have turned the corner and be recovering from a five-year slowdown precipitated by a sudden fall in oil prices.Last month Abu Dhabi introduced freehold rather than lease...
Tags: Travel, Dubai, International Monetary Fund, Uae, Ramadan, Institute of International Finance, Rupert Neil Bumfrey


ADNOC Distribution announces five-year expansion plan: Acting CEO | ZAWYA MENA Edition

ADNOC Distribution announces five-year expansion plan: Acting CEO | ZAWYA MENA Edition:The Abu Dhabi National Oil Company, ADNOC, Distribution, is planning to expand its facilities and investment services around the UAE, especially in Dubai, which currently serves only four stations, announced Saeed Mubarak Al Rashdi, Acting CEO of ADNOC Distribution.The company plans to increase the number of stations in Dubai over the next five years, by constructing a total of 75 new stations, equivalent to 1...
Tags: Travel, New York, London, Saudi Arabia, Dubai, Uae, ADNOC, Rupert Neil Bumfrey, Abu Dhabi National Oil Company Adnoc, Saeed Mubarak Al Rashdi, First Capital Markets Days, Al Rashdi


TPG agrees to manage #Abraaj’s $1bn healthcare fund despite fraud cases | Financial Times

TPG agrees to manage Abraaj’s $1bn healthcare fund despite fraud cases | Financial Times:US private equity group TPG has agreed to manage Abraaj’s $1bn healthcare fund despite criminal fraud cases against the collapsed Dubai-based buyout house’s senior executives. TPG Growth, the group’s mid-market buyout arm, said in a statement that it would take over the existing assets of Abraaj’s Growth Markets Health Fund, renaming it The Evercare Health Fund. TPG’s Rise Fund, a global impact investing fun...
Tags: Travel, US, Dubai, Financial Times, Bill Melinda Gates Foundation, Abraaj, TPG, Rupert Neil Bumfrey, Abraaj 's Growth Markets Health Fund, Evercare Health Fund TPG, World Bank 's International Finance Corporation


Real estate weakness hurts GCC’s economic outlook

Real estate weakness hurts GCC’s economic outlook:Weakness in the real estate market has both reflected and contributed to weak economic growth in much of the GCC, particularly the UAE, Qatar, and Saudi Arabia, according to the Institute of International Finance (IIF).“After consciously targeting real estate investment as a key plank of their diversification strategies, these countries have experienced a persistent drag on overall growth due to the real estate slowdown since the 2014 plunge in o...
Tags: Travel, Saudi Arabia, Qatar, GCC, Dubai, IIF, Rupert Neil Bumfrey, UAE Qatar, Institute of International Finance IIF, Jonah Rosenthal


GCC real estate slump continues, but there is light at end of the tunnel, says IIF | ZAWYA MENA Edition

GCC real estate slump continues, but there is light at end of the tunnel, says IIF | ZAWYA MENA Edition:Price declines in real estate markets in Saudi Arabia, the United Arab Emirates and Qatar are likely to persist given an oversupply in the market and regional tensions, but there are country-specific reasons for optimism in each market, according to a new paper from the Institute of International Finance (IIF).The paper states that real estate in the region "has often operated on a model that ...
Tags: Travel, Saudi Arabia, Qatar, GCC, United Arab Emirates, Dubai, Mena, IIF, Rupert Neil Bumfrey, Institute of International Finance IIF, JLL Mena


#Dubai's Economic Hopes Flying High at Cost of Huge Discounting - Bloomberg

Dubai's Economic Hopes Flying High at Cost of Huge Discounting - Bloomberg:Dubai’s latest growth spurt is coming with a sharp discount.Business conditions in the emirate’s non-oil private sector improved at the fastest rate in over four years in April as companies led by wholesalers and retailers offered lower prices to win orders, the seasonally adjusted Emirates NBD Dubai Economy Tracker Index showed on Thursday.The gauge rose to 57.9 from 57.6 in March, edging further above the threshold of 5...
Tags: Travel, Bloomberg, Dubai, Rupert Neil Bumfrey, Emirates NBD Dubai Economy Tracker Index


Property Slowdown Beckons as Next Risk for Emerging Markets - Bloomberg

Property Slowdown Beckons as Next Risk for Emerging Markets - Bloomberg:As growth worries and trade war jitters threaten to spoil any rebound for emerging markets in 2019, property markets are shaping up as a critical element to monitor for further signs of gloom.Some developing economies from Thailand to Dubai and Brazil are facing double-digit real estate sales declines on the back of weakening domestic growth. Developed countries already have shown some of the pain -- including Australia, the...
Tags: Travel, Australia, Singapore, Bloomberg, Thailand, Dubai, Switzerland, Brazil, Rupert Neil Bumfrey, Bank of Singapore Ltd, Todd Schubert


Emirates Profit Slumps to Seven-Year Low as Oil Erodes Margins - Bloomberg

Emirates Profit Slumps to Seven-Year Low as Oil Erodes Margins - Bloomberg:Emirates Group, owner of the world’s biggest long-haul airline, suffered a 44 percent decline in annual earnings as higher oil prices and a stronger dollar hit margins at a time when its business model faces increasing competition.Net income shrank to 2.32 billion dirhams ($632 million) in the 12 months through March, the lowest level since fiscal 2012, according to a statement Thursday from Dubai-based Emirates. Seat-occ...
Tags: Travel, Bloomberg, Dubai, Persian Gulf, Emirates Group, Rupert Neil Bumfrey, Emirates Seat


Turnaround firm Alvarez & Marsal to boost Gulf presence amid downturn - Reuters

Turnaround firm Alvarez & Marsal to boost Gulf presence amid downturn - Reuters:Turnaround firm Alvarez & Marsal, which ran Lehman Brothers after the bank’s collapse in 2008, plans to almost double its staff in the Gulf by 2020 to take advantage of a slowdown in growth and increasing distress in the real estate sector. Dubai property prices have fallen since a mid-2014 peak, hurt by weaker oil prices and muted sales, although the slide has not come close to the more than 50 percent drop in 2009-...
Tags: Travel, Dubai, Gulf, Reuters, Lehman Brothers, Alvarez, Rupert Neil Bumfrey, Alvarez Marsal, Middle East Drake Scull International DSI


Drake & Scull chairman and board member resign amid investigation - The National

Drake & Scull chairman and board member resign amid investigation - The National:Drake & Scull International said its chairman and another board member resigned, as the UAE’s financial regulator investigates the ailing Dubai contractor’s finances after years of losses.Chairman Obaid Bin Touq – who was appointed to the post in December – and board member Khamid Buamim resigned from the company, according to a filing to the Dubai Financial Market, where its shares were traded.DSI thanked the chair...
Tags: Travel, Dubai, Drake, Uae, DSI, Dubai Financial Market, Rupert Neil Bumfrey, Drake Scull, Scull, Drake Scull International, Obaid Bin Touq, Khamid Buamim


Global sukuk market to hit $2.7trln by 2030: Franklin Templeton | ZAWYA MENA Edition

Global sukuk market to hit $2.7trln by 2030: Franklin Templeton | ZAWYA MENA Edition:The global sukuk market is set to grow at a compound annual rate of around 15 percent to reach $2.7 trillion by 2030, according to investment management firm Franklin Templeton.In a media briefing at its Dubai office last week, the company’s chief investment officer of global sukuk and Middle East and North Africa (MENA) head of fixed income, Mohieddine Kronfol, described its forecast as a “base case”, stating t...
Tags: Travel, Global, Turkey, Middle East, Dubai, North Africa MENA, Rupert Neil Bumfrey, Franklin Templeton, Mohieddine Kronfol, Nigeria Pakistan, Kronfol, Franklin Templeton In



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