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Posts filtered by tags: Dubai[x]


 

‘White knight’ investors rescue #Dubai’s distressed projects

‘White knight’ investors rescue Dubai’s distressed projects:“White knights” are again getting active in Dubai’s real estate market, picking up distressed plots and projects and trying to make them viable again.Such investors are also providing a much-needed safety net to the wider market, ensuring that delayed or shelved projects — and the ensuing angry property buyers who have put money into these — are as few as possible.Dubai’s real estate authorities are also doing their bit by signing off o...
Tags: Travel, Dubai, Rupert Neil Bumfrey


Adventures In Obtaining A Visa

One would think that getting a visa would be easy. You fill out a form and submit it with your passport and voila you have a visa. Bah hahahaha Not in the UAE and not in Dubai. When entering the country you are giving a stamp in your passport
Tags: Travel, Dubai, Uae


Cheapest #Dubai Stocks in 8 Years Trigger Best Gain Since 2016 - Bloomberg

Cheapest Dubai Stocks in 8 Years Trigger Best Gain Since 2016 - Bloomberg:Investors just woke up to the allure of last year’s worst-performing stock market, with Bank of America Merrill Lynch and Morgan Stanley saying it’s bargain time.Dubai’s main index, which tumbled almost 25 percent last year, had its best day on Wednesday since December 2016. Before that, the stocks had been trading at the biggest discount to their emerging-market peers since 2011.“U.A.E. stocks look very, very attractive v...
Tags: Travel, Bloomberg, Dubai, Morgan Stanley, Bank of America Merrill Lynch, Middle East North Africa, Rupert Neil Bumfrey, Hootan Yazhari


MIDEAST STOCKS- #Dubai ends run of gains, Gulf dragged by financials | Reuters

MIDEAST STOCKS-Dubai ends run of gains, Gulf dragged by financials | Reuters:Dubai stocks fell back on Thursday after touching a two-and-half-month high as real estate stocks slipped after leading six days of gains, while all major Gulf bourses also dropped on sliding financial stocks.Dubai’s index was down 0.5 percent with DAMAC Properties shedding 3 percent and Emaar Development dropping 2.3 percent.Property firms have led the recent rally after displaying signs of recovery in their fourth-qua...
Tags: Travel, Dubai, Gulf, Reuters, DAMAC Properties, Rupert Neil Bumfrey, Emaar Development


Morgan Stanley U-Turns on #UAE Equity Call, Cuts #Qatar - Bloomberg

Morgan Stanley U-Turns on U.A.E. Equity Call, Cuts Qatar - Bloomberg:It’s time to double-upgrade United Arab Emirates stocks amid early signs of a bottoming out in the property sector, Morgan Stanley analysts say, adding that investors should cut their exposure to Qatar.U.A.E. shares are the most oversold of any markets in Eastern Europe, the Middle East and Africa, “led particularly by real estate,” according to analysts Marina Zavolock, Regiane Yamanari and Katherine Carpenter. After 17 months...
Tags: Travel, Saudi Arabia, Africa, Qatar, Middle East, United Arab Emirates, Dubai, Morgan Stanley, Eastern Europe, Mena, Emaar Properties, Rupert Neil Bumfrey, MSCI Inc, Morgan Stanley U Turns, UAE Equity Call Cuts Qatar Bloomberg, Marina Zavolock Regiane Yamanari


MIDEAST STOCKS- #Dubai lifted by real estate as Gulf gains on global rally | Reuters

MIDEAST STOCKS-Dubai lifted by real estate as Gulf gains on global rally | Reuters:Dubai's main stock index closed at a two-and-half-month high on Wednesday after strong fourth-quarter earnings from real estate companies last week triggered six days of gains.All major Gulf bourses were driven higher by a wider stocks rally on hopes of progress in trade talks between the United States and China.Dubai's index ended 2.6 percent higher at 2,632 points, its highest since December 2018, led by Emaar P...
Tags: Travel, United States, Dubai, Gulf, Reuters, Rupert Neil Bumfrey, China Dubai, Emaar Development, Emaar Properties Emaar Malls


Emaar Denies Reports It Will Accept Payment in Digital Currency - Bloomberg

Emaar Denies Reports It Will Accept Payment in Digital Currency - Bloomberg:Emaar Properties PJSC, Dubai’s biggest publicly traded developer, denied reports of plans to accept payments in digital currencies.“Emaar does not accept payment in digital currency,’’ a spokesperson for the company said in response to questions. “Emaar only accepts payment in government-issued currency, primarily in U.A.E. dirham and U.S. dollar.”Reports and blogs circulated online cited an alleged Emaar circular to rea...
Tags: Travel, Dubai, Switzerland, Emaar, Rupert Neil Bumfrey, Digital Currency Bloomberg


Flydubai swings to loss on rising fuel costs and interest rates | Reuters

Flydubai swings to loss on rising fuel costs and interest rates | Reuters:Flydubai swung to a loss of almost 160 million dirhams ($43.5 million) for 2018, it said on Wednesday, citing higher fuel costs and unfavourable currency moves.The state-owned Dubai airline, which made a profit of 37.3 million dirhams in 2017, said fuel costs accounted for 29.8 percent of operating costs last year compared with 25 percent the previous year.Though passenger numbers rose to 11 million from 10.9 million in 20...
Tags: Travel, Dubai, Reuters, Rupert Neil Bumfrey, Flydubai


#Dubai's DP World buys Britain-based P&O Ferries for $421mln | ZAWYA MENA Edition

Dubai's DP World buys Britain-based P&O Ferries for $421mln | ZAWYA MENA Edition:DP World has bought Britain-based P&O Ferries and its logistics arm for 322 million pounds ($421 million), the Dubai-based port operator said on Wednesday.P&O Ferries operates more than 30,000 voyages a year between Britain, France, Northern Ireland, the Republic of Ireland, the Netherlands, and Belgium, according to its website.P&O Ferrymasters, the logistics unit, provides supply chain solutions in 19 European loc...
Tags: Travel, Britain, Netherlands, Dubai, Belgium, DP World, Rupert Neil Bumfrey, P O Ferries, O Ferries


Mideast Stocks: #Dubai rises for sixth day; banks lift major Gulf markets | ZAWYA MENA Edition

Mideast Stocks: Dubai rises for sixth day; banks lift major Gulf markets | ZAWYA MENA Edition:Dubai stocks rose on Wednesday, extending a rally that began last week after real estate companies reported fourth-quarter earnings that beat expectations. Other major Gulf markets were lifted by financial stocks.In Dubai, the index rose 1.5 percent, boosted by banks and real estate stocks. Dubai Islamic Bank gained 1.4 percent.Emaar Properties jumped 3.2 percent, continuing the gains driven by better-t...
Tags: Travel, Dubai, Gulf, Emaar Properties, Rupert Neil Bumfrey, Dubai Islamic Bank


No upturn in sight for #Dubai real estate by 2021- S&P | ZAWYA MENA Edition

No upturn in sight for Dubai real estate by 2021- S&P | ZAWYA MENA Edition:A stabilisation of Dubai's real estate market is only likely to begin in 2020, and no upside in the market is forecast for 2021, according to ratings agency S&P Global, which warned that its already "grim" forecast could worsen if government-backed developers continue to release new stock.The agency said in a note released on Monday that its base case scenario is for Dubai's property market to continue a decline this year...
Tags: Travel, Dubai, Rupert Neil Bumfrey


MIDEAST STOCKS- #Dubai extends rally, #Saudi banks hit on profit-taking | Reuters

MIDEAST STOCKS-Dubai extends rally, Saudi banks hit on profit-taking | Reuters:The Dubai stock market extended gains as it rose for a fifth session on Tuesday, mainly driven by property stocks after strong fourth-quarter earnings.Saudi Arabia's market fell as investors booked profit after the market gained significantly this year. Banks had led the rally, then were hit hard, with nine of 11 banks falling.In Dubai, the benchmark index rose 0.6 percent with the most heavily traded stock, Emaar Pro...
Tags: Travel, Saudi Arabia, Dubai, Reuters, Emaar Properties, Rupert Neil Bumfrey, Emaar Malls


#Dubai's Mashreqbank set to raise $500mln in bonds | ZAWYA MENA Edition

Dubai's Mashreqbank set to raise $500mln in bonds | ZAWYA MENA Edition:Dubai-based Mashreqbank is set to raise $500 million in five-year bonds, offering investors 175 basis points over mid-swaps, a document by one of the banks leading the deal showed on Tuesday.Mashreqbank, the largest privately owned bank in the United Arab Emirates, started marketing the notes earlier on Tuesday with an initial guidance of about 200 bps over mid-swaps.It received orders in excess of $1.8 billion, according to ...
Tags: Travel, United Arab Emirates, Dubai, Rupert Neil Bumfrey, Mashreqbank


An Appreciation for the A380, an Airplane That Never Should Have Been Built

Less than 20 years after the aircraft program was launched, Airbus announced last week that it would begin winding down production on the A380. I’ve always thought this was an airplane that never should have been built. If Airbus breaks even on this program, then that would be the best possible outcome. If that doesn’t scream “not successful,” I don’t know what does. But that doesn’t mean it was all bad. In fact, as a passenger, the airplane was — and is — a delight to fly. So, consider th...
Tags: Travel, China, Singapore, US, Los Angeles, San Francisco, Qatar, Chicago, Frankfurt, Malaysia, Paris, Emirates, Dubai, Qantas, Miami, Airbus


#Dubai's `Long Decline' in Property Prices Isn't Over Yet for S&P - Bloomberg

Dubai's `Long Decline' in Property Prices Isn't Over Yet for S&P - Bloomberg:The worst is yet to come for Dubai’s real estate after prices already plunged close to levels last seen during a crash a decade ago, according to S&P Global Ratings.A supply glut has built up even as demand faltered, feeding what S&P is calling the market’s “long decline” that’s seen prices and rents drop by as much as a third since peaking in 2014. The worries go beyond the property sector in Dubai, which relies on rea...
Tags: Travel, Bloomberg, Dubai, Rupert Neil Bumfrey, Sapna Jagtiani


MIDEAST STOCKS- #Dubai continues winning streak, banks pressure Saudi | Reuters

MIDEAST STOCKS-Dubai continues winning streak, banks pressure Saudi | Reuters:The Dubai stock market extended a run of gains as it rose for a fifth session on Tuesday, mainly driven up by property stocks after strong fourth-quarter earnings.Banks dragged Saudi lower as investors booked profit after the market gained significantly this year.In Dubai, the index rose 0.7 percent with the most heavily-traded stock Emaar Properties gaining 3.3 percent, while its unit Emaar Malls rose 1.3 percent. The...
Tags: Travel, Dubai, Reuters, Emaar Properties, Rupert Neil Bumfrey, Emaar Malls


#Dubai's DMCC in talks with major coffee traders for new coffee centre | ZAWYA MENA Edition

Dubai's DMCC in talks with major coffee traders for new coffee centre | ZAWYA MENA Edition:The Dubai Multi Commodities Centre (DMCC) said on Monday it was in talks with more than one major coffee trading house to bring their business to its newly opened Coffee Centre.The Coffee Centre near Dubai's Jebel Ali port is a temperature-controlled facility offering infrastructure and services for processing and delivery of coffee, and the only location in the Middle East that offers green bean storage a...
Tags: Travel, Middle East, Dubai, Jebel Ali, DMCC, Rupert Neil Bumfrey, Ahmed bin Sulayem, Dubai Multi Commodities Centre DMCC, Coffee Centre The Coffee Centre


#UAE real estate remains tough for home buyers, but equity investors may see some respite in 2019 | ZAWYA MENA Edition

UAE real estate remains tough for home buyers, but equity investors may see some respite in 2019 | ZAWYA MENA Edition:Although few observers of the real estate markets in the United Arab Emirates are forecasting a recovery in prices in a market where the supply pipeline continues to outstrip demand, the prospects for some of its developers may be looking a little brighter, according to analysts who spoke to Zawya following a rush of preliminary results announcements at the end of last week."The ...
Tags: Travel, United Arab Emirates, Dubai, Uae, Emaar Properties, Dubai Financial Market, Rupert Neil Bumfrey, Union Properties, DFM, Zawya, Aldar Properties Damac Emaar, Arun Leslie John, Century Financial


#Qatar's Financial Hub to Add Sports, Media to Compete With Dubai - Bloomberg

Qatar's Financial Hub to Add Sports, Media to Compete With Dubai - Bloomberg:Qatar Financial Centre wants to attract companies other than just banks and asset managers to position itself as a multi-faceted business hub with better access than the country’s rival Dubai to markets including Turkey, Pakistan and Kuwait.The new strategy is focused on building out four "clusters" for activities ranging from sports to media, Yousuf Al-Jaida, chief executive officer of the Qatar Financial Centre Author...
Tags: Travel, Saudi Arabia, Qatar, Turkey, Iran, Egypt, Dubai, Oman, Kuwait, Doha, Gulf, United Arab Emirates Bahrain, Rupert Neil Bumfrey, Yousuf al Jaida, Qatar Financial Centre Authority, Iran Qatar


MIDEAST STOCKS-UAE property developers’ earnings give Gulf markets a boost | Reuters

MIDEAST STOCKS-UAE property developers’ earnings give Gulf markets a boost | Reuters:Most stock markets in the Middle East closed higher on Sunday, reflecting a rally in global stock markets on Friday, and were also boosted by better-than-expected company results, particularly in real estate.The Abu Dhabi index gained 0.7 percent and the Dubai index 0.6 percent, as two of the largest property developers in the United Arab Emirates posted positive fourth-quarter financial results last week that b...
Tags: Travel, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Rupert Neil Bumfrey, Arqaam Capital


MIDEAST STOCKS-Robust company results boost sluggish Gulf real estate | Reuters

MIDEAST STOCKS-Robust company results boost sluggish Gulf real estate | Reuters:Gulf markets rose in early trade on Sunday on the back of positive company results at the end of last week and they were also supported by a rally in global stock markets on Friday.The Dubai index, up 0.8 percent, got a boost from stronger than expected fourth-quarter results for real estate companies such as Dubai’s Emaar Properties and this was also positive for the United Arab Emirates’ sluggish real estate sector...
Tags: Travel, United Arab Emirates, Dubai, Reuters, Emaar Properties, Rupert Neil Bumfrey


Drone sighting forces Dubai airport closure

Thousands of passengers delayed during 30-minute shutdown
Tags: Travel, Dubai


Restaurants and bars Dubai airport

Dubai is one of the best places to first experience Middle Eastern culture. Sure, it can be a bit gaudy and flashy at times (see: man-made resort islands shaped like a palm tree), but it’s also one of the most culturally diverse cities in the region. To experience it all, you first have to get there, and the easiest way to do so via the Dubai International Airport, which is one of the most popular airports in the world. The number of shopping opportunities far outweigh the number of eating op...
Tags: Travel, London, California, France, US, Malaysia, Italy, Middle East, Dubai, Heineken, Dubai Airport, All, Jack Daniel, Dubai International Airport, South India, Wolfgang Puck


MIDEAST STOCKS- #Dubai gains, led by Emaar; #Qatar slips to four-month low | Reuters

MIDEAST STOCKS-Dubai gains, led by Emaar; Qatar slips to four-month low | Reuters:Dubai stocks rose on Thursday as earnings at Emaar-linked companies lifted its battered real estate shares, while Qatar's market was pulled down to a four-month low by a sell-off in its blue-chip firms.In Dubai, the index rose 1.7 percent, helped by gains in the emirate's largest listed developer, Emaar Properties and its units, Emaar Development and Emaar Malls.Emaar Properties, Dubai's biggest listed property com...
Tags: Travel, Qatar, Dubai, Reuters, Emaar Properties, Emaar, Rupert Neil Bumfrey, Emaar Development, Emaar Malls Emaar Properties Dubai


DAMAC quarterly profit down 87 pct as #Dubai property prices tumble | Reuters

DAMAC quarterly profit down 87 pct as Dubai property prices tumble | Reuters:Dubai’s DAMAC Properties , owner and operator of the only Trump-branded golf club in the Middle East, reported a nearly 60 percent fall in full year profit on Thursday, while its profit in the fourth quarter tumbled 87 percent.DAMAC posted a full year net profit of 1.15 billion dirhams ($313 million) for 2018. According to Reuters calculations, the firm’s fourth quarter net profit was about 58 million dirhams.EFG Hermes...
Tags: Travel, Middle East, Dubai, Trump, Reuters, DAMAC Properties, EFG Hermes, Rupert Neil Bumfrey, Damac


Mideast Stocks: #Dubai's real estate stocks rally; #Qatar shares fall | ZAWYA MENA Edition

:Dubai stocks rose on Thursday as strong earnings lifted its battered real estate shares, while Qatar's market was pulled down by drilling rig provider Gulf International Services.In Dubai, the indexrose 1.7 percent as the emirate's largest listed developer, Emaar Properties, gained 6 percent before reporting full-year results later on Thursday.Emaar Development rose 7.4 percent after posting a full-year profit of 3.90 billion dirhams ($1.06 billion), up from 2.74 billion dirhams a year earlier....
Tags: Travel, Qatar, Dubai, Emaar Properties, Rupert Neil Bumfrey, Gulf International Services, Emaar Development, MENA Edition


Sol Kerzner to Receive IHIF Lifetime Achievement Award

The International Hotel Investment Forum (IHIF) is delighted to announce that Sol Kerzner (KCMG), will be presented with the Lifetime Achievement Award during IHIF 2019. The founder and former Chairman of Kerzner International Holdings Limited has carved a prestigious and pioneering career within the hospitality industry and is widely credited as a visionary who redefined the scope and scale of destination resorts. The youngest of four children, born in Johannesburg to Russian immigrants,...
Tags: Travel, Saudi Arabia, Berlin, Africa, South Africa, Dubai, Beverly Hills, Johannesburg, Shirley Bassey, Sun City, Durban, Facebook Instagram, SOL, Michael Hirst, Kerzner, Sol Kerzner


Airbus poised to axe A380 as Emirates reviews demand -sources | ZAWYA MENA Edition

Airbus poised to axe A380 as Emirates reviews demand -sources | ZAWYA MENA Edition:Airbus is nearing a decision to axe production of the world's largest airliner amid a downward revision in demand from the Gulf and is likely to give an update with its full-year earnings on Feb. 14, industry sources and analysts said.The move to shut production of the A380 superjumbo earlier than expected coincides with a review of purchases of very large aircraft by the plane's biggest customer, Emirates, which ...
Tags: Travel, Dubai, Airbus, Boeing, Gulf, Rupert Neil Bumfrey


Brumotti, Tour in bici negli Emirati Arabi

Dopo il suo viaggio ‘Brumotti per l’Italia’ sponsorizzato dal FAI – Fondo Ambiente Italiano, da Livigno (a nord) fino ad Agrigento
Tags: Travel, Featured, Dubai, Tour, BICI, Livigno, Eventi, News da Abu Dhabi, News da Dubai, INFORMAZIONI su DUBAI ed EMIRATI ARABI, Abudhabi, Emirati Arabi, FAI Fondo Ambiente Italiano, Vittorio Brumotti


#UAE manages 14.6% of global sovereign wealth funds' assets: SWF Institute | ZAWYA MENA Edition

UAE manages 14.6% of global sovereign wealth funds' assets: SWF Institute | ZAWYA MENA Edition:The UAE has acquired around 14.6% or $1.191 trillion of total global sovereign wealth funds’ assets worth $8.14 trillion, data by the Sovereign Wealth Fund Institute (SWF Institute) showed.Abu Dhabi Investment Authority (ADIA) was ranked the third among the largest sovereign funds with $697 billion in assets, according to the SWF Institute’s recent report in February.Meanwhile, Investment Corporation o...
Tags: Travel, Dubai, Uae, Rupert Neil Bumfrey, Abu Dhabi Investment Authority Adia, Mubadala Development Company MDC, SWF Institute, Sovereign Wealth Fund Institute SWF Institute, February Meanwhile Investment Corporation



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