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Middle East Private Schools: GEMS Education Raises $150 Million in Debt - Bloomberg

Middle East Private Schools: GEMS Education Raises $150 Million in Debt - Bloomberg:GEMS Education raised $150 million in debt funding as the Middle East private-schools operator seeks to bolster its cash levels during the coronavirus pandemic.The financing is being provided by an existing investor that Dubai-based GEMS didn’t identify in a term sheet sent to investors on Monday. The “incremental” funding will be used to support working capital needs, the company said.A representative for GEMS c...
Tags: Travel, Bloomberg, Middle East, Dubai, U K, United Arab Emirates Qatar, Rupert Neil Bumfrey, Debt Bloomberg


RAK Bank to close 25% of its branches next month | ZAWYA MENA Edition

RAK Bank to close 25% of its branches next month | ZAWYA MENA Edition:The National Bank of Ras Al Khaimah (RAK Bank) will shut down nine branches from next month as demand for digital banking grows among the UAE residents.The lender will close six branches in Dubai and one each in Sharjah, Khor Fakkan and Abu Dhabi from September 3, 2020. In Dubai, branches in Al Ras, Mirdiff, Marina Diamond, Al Quoz Industrial, Dubai Investment Park and Jebel Ali Free Zone will be closed, while Sharjah's indust...
Tags: Travel, Dubai, Abu Dhabi, Uae, Sharjah, Rupert Neil Bumfrey, Jebel Ali Free Zone, RAK Bank, National Bank of Ras Al Khaimah RAK Bank, Sharjah Khor Fakkan, Abu Dhabi s Al Jazeera


Emirates REIT hires Houlihan Lokey for strategic review | ZAWYA MENA Edition

Emirates REIT hires Houlihan Lokey for strategic review | ZAWYA MENA Edition:Emirates REIT, a Dubai-based sharia-compliant real estate investment trust, said on Monday it had appointed Houlihan Lokey to advise its board on the strategic review of the fund.As part the review, all directors and employees of its manager Equitativa and Emirates REIT will be permitted to buy shares of the company, it said in a bourse filing. The statement came few weeks after the company said it was considering de-li...
Tags: Travel, United Arab Emirates, Dubai, Uae, Houlihan Lokey, Rupert Neil Bumfrey, Nasdaq Dubai, MENA Edition, Equitativa


AMAZON o ALIBABA? E-commerce, tasse & DUBAI

Amazon o Alibaba? Vendere su Internet da Dubai. Abbiamo affrontato in tanti altri articoli se e perchè conviene aprire una
Tags: Travel, Amazon, Ecommerce, Business, Featured, Alibaba, Dubai, Free Zone, First Page, Tasse, Video YouTube, Dubai Abbiamo


MIDEAST STOCKS- #Kuwait leads most of Gulf lower; Egypt edges up - Reuters

MIDEAST STOCKS-Kuwait leads most of Gulf lower; Egypt edges up - Reuters:Most bourses in the Gulf ended lower onWednesday, ahead of Eid Al-Adha holidays, with Kuwaiti sharesfalling the most as investors shunned stocks across the board.Many investors prefer to cash in holdings ahead of the Eidholiday, which lasts for at least three days in most Gulfcountries.In Kuwait, the index declined 1.3% as most of itsconstituents ended in negative territory, including KuwaitFinance House, which was down 2.4...
Tags: Travel, Egypt, Dubai, Abu Dhabi, Kuwait, Eid Al Adha, Gulf, Reuters, Rupert Neil Bumfrey, Dubai Islamic Bank, First Abu Dhabi Bank, Emirates Telecommunications Group, Emirates Integrated Telecommunications, Gulfcountries In Kuwait, KuwaitFinance House, Emaar Propertiesboth


Costa di più andare in vacanza a Dubai o Rimini? (VIDEO)

In questo articolo proveremo a fare un confronto tra quella che può essere una vacanza in Italia rispetto a quella
Tags: Travel, Video, Dubai, RIMINI, Consigli di viaggio, Viaggi a Dubai, Voli Dubai, Vacanza, Costo, Quanto costa, Video YouTube, Stop over a dubai, Riviera Romagnola


Video Corso: APRIRE una SOCIETÀ a DUBAI

Con il corso “Aprire una società a Dubai” potrai approfondire il tema della fiscalità negli Emirati Arabi, capire le differenze
Tags: Travel, Business, Featured, Dubai, News da Dubai, INFORMAZIONI su DUBAI ed EMIRATI ARABI, Emirati Arabi, First Page, Formazione, Aprire Società, Free Zone Dubai, Aprire Società Dubai, Video Corso


Toppr raises $46 million to scale its online learning platform in India

Toppr, one of the largest online learning startups in India, has secured $46 million in a new financing round as it looks to scale its platform including a new product. Dubai-headquartered investment firm Foundation Holdings led the Mumbai-based seven-year-old startup’s Series D round. Kaizen Private Equity, an existing investor, also participated in the new round, which brings Toppr’s to-date raise to over $92 million. Toppr operates four products and services that are aimed at K-12 students. L...
Tags: Travel, Apps, Asia, Education, India, Funding, Dubai, Mumbai, Bond, Mary Meeker, Online Learning, Vedantu, Zishaan Hayath, Byju's, Unacademy, Toppr


#Dubai property developer Nakheel in talks to refinance debt - sources | Nasdaq

Dubai property developer Nakheel in talks to refinance debt - sources | Nasdaq:Dubai property developer Nakheel has approached banks to refinance outstanding debt, sources said, amid an economic downturn which is exacerbating property oversupply problems and has raised concerns over Dubai's debt sustainability.State-owned Nakheel, developer of Dubai's palm-shaped islands, was forced into a massive debt restructuring in the aftermath of the emirate's 2009-2010 real estate crash, when the company ...
Tags: Travel, Dubai, State, Nakheel, Deira Mall, Rupert Neil Bumfrey


Quanto costa mantenere una Ferrari a Dubai? (VIDEO)

#ferrari #supercar #quantocosta Possedere e guidare una supercar è un sogno per molti, ma una realtà per pochi. Il primo problema da
Tags: Travel, Featured, Ferrari, Dubai, Supercar, Lamborghini, LUXURY & FASHION, First Page, Quanto costa, Costi, Auto / Car - Ferrari, Video YouTube, Auto Di Lusso, Budget Video, Manutenzione


MIDEAST STOCKS- #Saudi dips on financials in quiet trade for major Gulf indexes - Reuters

MIDEAST STOCKS-Saudi dips on financials in quiet trade for major Gulf indexes - Reuters:The Saudi Arabian stock market slipped in early trade on Tuesday, due to dips in financial shares, while trade on other major bourses in the Gulf was uneventful.Saudi Arabia’s benchmark index eased 0.1%, hurt by a 0.2% fall in Al Rajhi Bank and a 0.3% decrease in the country’s biggest lender National Commercial Bank.Elsewhere, Rabigh Refining and Petrochemical Company dropped 2.6%, a day after it posted quart...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Reuters, DP World, Emaar Properties, Rupert Neil Bumfrey, Al Rajhi Bank, Arabtec Holding


The Case Against Emirates Etihad Merger

The Case Against Emirates Etihad Merger:Emirates, the airline owned by Dubai government and Etihad, the airline owned by Abu Dhabi government have always attracted speculation that they would merge. Economics and the thought of creating an airline behemoth dwarfing Middle Eastern rivals Qatar Airways and Turkish Airlines, seems the right thing to do for both the airlines. But the ground reality is vastly different, and merger could be the last option for both airlines’ owners.In favor of the mer...
Tags: Travel, US, Dubai, Abu Dhabi, Etihad, Turkish Airlines, Qatar Airways, Emirates Etihad, Rupert Neil Bumfrey, Case Against Emirates Etihad Merger


Global port operator DP World says outlook uncertain as Q2 volumes fall - Reuters

Global port operator DP World says outlook uncertain as Q2 volumes fall - Reuters:Global port operator DP World recorded a fall of 8.8% in second quarter container volumes, warning on Monday the outlook remained uncertain.The coronavirus pandemic shut cities and factories worldwide for months, disrupting shipments and global supply chains, while some cities are now reintroducing curbs after a recent rise in infections.The Dubai state-owned company, which also operates logistics facilities, handl...
Tags: Travel, Asia Pacific, Dubai, Reuters, DP World, Rupert Neil Bumfrey


Mideast Stocks - Major Gulf stocks gain; Aramco extends losses | ZAWYA MENA Edition

Mideast Stocks - Major Gulf stocks gain; Aramco extends losses | ZAWYA MENA Edition:United Arab Emirates stocks ended higher on Sunday, lifted by banks and property shares, while losses at oil giant Saudi Aramco limited Saudi Arabian gains.Dubai's main share index closed up 0.3%, led by a 6.1% surge in DAMAC Properties and a 0.5% gain in Emirates NBD Bank.DAMAC Properties confirmed that Port Investment Limited which transferred its shares to Omran Group is owned by DAMAC International Limited, a...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Abu Dhabi, Aramco, Saudi Aramco, DAMAC Properties, Rupert Neil Bumfrey, Damac, Al Rajhi Bank, First Abu Dhabi Bank, Bank Albilad, International Holding, Mideast Stocks Major Gulf, Emirates NBD Bank DAMAC Properties


MIDEAST STOCKS-Gulf markets little changed in early trade - Reuters

MIDEAST STOCKS-Gulf markets little changed in early trade - Reuters:Major Gulf stock markets were little changed early on Sunday, with the Saudi index slipping slightly on declines among energy companies.Saudi Arabia’s benchmark index dipped by 0.3%, driven down by a 0.9% fall for oil giant Saudi Aramco and a 1.8% drop for Rabigh Refining and Petrochemical Company.Al Rajhi Bank, however, firmed by 0.2% despite a fall in second-quarter profit.The value of kingdom’s oil exports dropped by 65% year...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Reuters, Saudi Aramco, Emirates NBD, Emaar Properties, Rupert Neil Bumfrey, Major Gulf


#Dubai logistics firm Tristar seeks Dubai listing, sources say | Nasdaq

Dubai logistics firm Tristar seeks Dubai listing, sources say | Nasdaq:Dubai logistics company Tristar has approached investment banks as it looks at a potential initial public offering in Dubai, two sources told Reuters, after a plans for a London listing did not proceed last year.The company contacted local and regional banks to bid for joint bookrunner roles for the listing on the Dubai Financial Market, the sources familiar with the matter said. They declined to be identified as the deal is ...
Tags: Travel, London, Dubai, Reuters, Tristar, Dubai Financial Market, Rupert Neil Bumfrey, Moelis Co MC N


#Dubai court freezes NMC founder Shetty’s assets | Financial Times

Dubai court freezes NMC founder Shetty’s assets | Financial Times: Credit Europe Bank’s Dubai business has brought proceedings against NMC and BR Shetty for  non-payment of $8.4m in outstanding debt relating to a 2013 facility © Reuters A Dubai court has issued a worldwide freezing order on the assets of NMC founder BR Shetty at the request of a Dutch bank, as creditors scramble to recover funds from the collapsed hospital operator.Credit Europe Bank’s Dubai business has brou...
Tags: Travel, Dubai, | Financial Times, Reuters, NMC, Shetty, Rupert Neil Bumfrey, BR Shetty, Credit Europe Bank


Emirates offers pilots, cabin crew four months unpaid leave - Reuters

Emirates offers pilots, cabin crew four months unpaid leave - Reuters:Emirates airline is offering some pilots and cabin crew up to four months of unpaid leave, as it strives to manage the impact of the COVID-19 pandemic, an internal email said.The Dubai state-owned carrier, facing a cash crunch caused by the pandemic, has already cut salaries and thousands of jobs, including pilots and cabin crew.Eligible pilots and cabin crew can take up to four months off between August and November during wh...
Tags: Travel, Dubai, Reuters, Rupert Neil Bumfrey


MIDEAST STOCKS-Major Gulf stocks subdued as banks weigh on #Dubai - Reuters

MIDEAST STOCKS-Major Gulf stocks subdued as banks weigh on Dubai - Reuters:Major stock markets in the Gulf weresubdued on Thursday, with Dubai hurt by losses in its bankingshares.Saudi Arabia's benchmark index was flat, with SaudiTelecom Company retreating 2.1% after it reported adecrease in second-quarter profit.The kingdom's finance minister said on Wednesday that Julydata is promising for an economic recovery, though manyuncertainties remain, and economic contraction will likely beless than t...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Gulf, Dubai Reuters, Rupert Neil Bumfrey, Major Gulf, Emirates NBD Bank, SaudiTelecom Company, Julydata, International Monetary Fund Dubai, Emaar Properties Elsewhere Dubai Islamic Bank


MIDEAST STOCKS-Most major Gulf markets slip in early trade - Reuters

MIDEAST STOCKS-Most major Gulf markets slip in early trade - Reuters:Major stock markets in the Gulf traded in negative territory early on Thursday, with Dubai and Saudi bourses hurt by weak earnings at their blue-chip stocks.Saudi Arabia’s benchmark index fell 0.2%, with Saudi Telecom Company losing 1.9% following a decrease in second-quarter net profit.Amongst others, oil company Saudi Aramco slipped 0.2%.The kingdom will look to sell assets in sectors not previously considered for privatisati...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Reuters, Saudi Aramco, Emaar Properties, Saudi Telecom Company, Rupert Neil Bumfrey, Dubai Islamic Bank DIB


Gulf firms to delay investments due to oil, coronavirus shocks - S&P - Reuters

Gulf firms to delay investments due to oil, coronavirus shocks - S&P - Reuters:Companies in the Gulf, battered by low oil prices and the coronavirus crisis, are likely to delay investments this year as they manage costs and liquidity, S&P said, cautioning a recovery would take at least a few quarters.S&P Global Ratings has taken negative rating actions on 16 entities in the six-member Gulf Cooperation Council (GCC) and expects a mid-to-high single-digit economic contraction for most GCC countrie...
Tags: Travel, GCC, Dubai, Gulf, Reuters, Gulf Cooperation Council GCC, Rupert Neil Bumfrey


MIDEAST STOCKS-Most major Gulf markets gain; Emirates NBD drags #Dubai - Reuters

MIDEAST STOCKS-Most major Gulf markets gain; Emirates NBD drags Dubai - Reuters:Most major Gulf stock markets traded in positive territory early on Wednesday, supported by their respective financial shares, but Dubai’s top lender weighed on the index.Saudi Arabia’s benchmark index added 0.2%, with Saudi Telecom Company rising 0.2% and Al Rajhi Bank gaining 0.2%.Saudi King Salman held a cabinet meeting via video call from hospital in the capital Riyadh on Tuesday, a day after the 84-year-old mona...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Riyadh, Emirates NBD, Salman, Emaar Properties, Dubai Reuters, Saudi Telecom Company, Rupert Neil Bumfrey, Al Rajhi Bank


COVID-19 to further decrease #UAE home sales, rental prices - Moody's | ZAWYA MENA Edition

COVID-19 to further decrease UAE home sales, rental prices - Moody's | ZAWYA MENA Edition:The real-estate sector in the UAE is reeling from the dual economic impacts of coronavirus and the oil price decline, eroding credit quality for most.The sector, which had already slowed down significantly over the past five years, will see further decreases in home sales and rental prices over the coming 12 to 18 months, Credit rating agency Moody’s said in its July in-depth sector real estate report.Dubai...
Tags: Travel, Dubai, Uae, Moody, Emaar Properties, Moody 's, Rupert Neil Bumfrey, Damaac


#UAE Asset Manager to Start ETF Trading in #Dubai and #AbuDhabi - Bloomberg

UAE Asset Manager to Start ETF Trading in Dubai and Abu Dhabi - Bloomberg:The first exchange-traded fund in the United Arab Emirates accessible to investors both in Dubai and Abu Dhabi is expected to list next month.The Chimera Umbrella Fund -- Chimera S&P UAE Shariah ETF will have two different share classes that will track a Shariah-compliant index compiled from stocks listed on the main exchanges in both emirates. It will be managed by Abu Dhabi-based Chimera Capital LLC.While Gulf investors ...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Uae, Rupert Neil Bumfrey, AbuDhabi Bloomberg, Abu Dhabi Bloomberg, Chimera Capital LLC, Seif Fikry, Chimera Capital It


MIDEAST STOCKS- #Dubai shares rise on Emirates NBD boost; other markets mixed | Nasdaq

:The Dubai stock market rose sharply on Tuesday, buoyed by gains in its top bank Emirates NBD's ENBD.DU shares after receiving regulatory nod to increase foreign ownership limit.Dubai's main share index .DFMGI advanced 1.2%, with Emirates NBD Bank jumping 4.4%, a day after it received regulatory approvals to increase foreign ownership limit to 40% from 20%.In the previous session, the lender retreated 1.9% following a 58% slide in second-quarter profit to 2 billion dirhams ($544.54 million), com...
Tags: Travel, Saudi Arabia, Dubai, Emirates NBD, Tasi, Etihad Etisalat, Rupert Neil Bumfrey, Al Rajhi Bank, Emirates NBD Bank


Professione YouTuber: la mia postazione

In tanti mi hanno chiesto come è fatta la mia postazione. In realtà avevo già fatto fare un tour virtuale
Tags: Travel, Featured, Media, It, Dubai, Nikon, Dslr, Mirrorless, Youtuber, Réflex, First Page, Video YouTube, Professione, professione Youtuber


#Dubai’s Biggest Bank Profit Slumps After $1.1 Billion Provisions - Bloomberg

Dubai’s Biggest Bank Profit Slumps After $1.1 Billion Provisions - Bloomberg:Emirates NBD PJSC first-half profit slumped 45% after it set aside $1.1 billion in provisions to cover an expected spike in bad loans brought on by the coronavirus pandemic.Dubai’s biggest bank increased impairments allowances more than three times to 4.2 billion dirhams, according to a statement. Profit dropped to 4.1 billion dirhams due to the higher impairment charges and a gain on the sale of a stake in Network Inte...
Tags: Travel, Saudi Arabia, Qatar, Bloomberg, Middle East, Dubai, International Monetary Fund, Emirates NBD, Bank Muscat, Qatar National Bank, Rupert Neil Bumfrey, Emirates NBD PJSC, Biggest Bank, Network International Holdings Plc


#AbuDhabi Builders Face Less Problems Than #Dubai’s, Moody’s Says - Bloomberg

Abu Dhabi Builders Face Less Problems Than Dubai’s, Moody’s Says - Bloomberg:Abu Dhabi real estate companies will face less severe headwinds from the double whammy of the coronavirus pandemic and lower oil prices than those in neighboring Dubai, Moody’s Investors Service said.Residential oversupply isn’t as pronounced in Abu Dhabi, which supports the credit quality of Aldar Investment Properties and Emirates Strategic Investment Co., Moody’s analyst Lahlou Meksaoui wrote in a note on Monday. In ...
Tags: Travel, Emirates, United Arab Emirates, Dubai, Abu Dhabi, Rupert Neil Bumfrey, Lahlou Meksaoui, Aldar Investment Properties, Moody 's Says Bloomberg, Dubai Moody 's Investors Service, Emirates Strategic Investment Co Moody, Meksaoui


UPDATE 2-Emirates NBD quarterly profit slumps 58% as pandemic impairments jump - Reuters

UPDATE 2-Emirates NBD quarterly profit slumps 58% as pandemic impairments jump - Reuters:Dubai’s biggest bank Emirates NBD on Monday posted a 58% fall in second-quarter profit, as it set aside over $1.1 billion so far this year to cover bad loans in anticipation of a worsening impact from the coronavirus crisis.Net profit slumped to 2 billion dirhams ($544.54 million) in the three months ended June 30, from 4.74 billion dirhams a year earlier, when it booked a gain of 2.1 billion dirhams from an...
Tags: Travel, Dubai, Reuters, Emirates NBD, Patrick Sullivan, Rupert Neil Bumfrey


MIDEAST STOCKS- #Saudi shares slip after news of king's admission to hospital - Reuters

MIDEAST STOCKS-Saudi shares slip after news of king's admission to hospital - Reuters:The Saudi Arabian stock market fell slightly in early trade on Monday after news that King Salman bin Abdulaziz had been admitted to hospital.Other major Gulf markets were mixed.The king, who is suffering from inflammation of the gall bladder, is undergoing medical checks, state news agency SPA said on Monday.Saudi Arabia’s benchmark index dropped 0.5%, with petrochemical firm Saudi Basic Industries shedding 1....
Tags: Travel, Saudi Arabia, Dubai, Spa, Gulf, Reuters, Saudi Aramco, Salman bin Abdulaziz, Rupert Neil Bumfrey, Saudi Basic Industries, Yanbu National Petrochemicals, Emirates NBD Bank



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