Travel


Posts filtered by tags: Uae[x]


 

Adnoc board approves $127bn spending plan as it unveils increase in hydrocarbon reserves

Adnoc board approves $127bn spending plan as it unveils increase in hydrocarbon reserves The board of the Abu Dhabi National Oil Company, under the chairmanship of Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, approved plans to spend Dh466 billion ($127bn) between 2022 and 2026, of which Dh160bn will be directed towards the local economy by the state energy producer.Adnoc's board, which gave a nod to the company's five year business plan ...
Tags: Travel, Uae, Mohamed, STB, ADNOC, Rupert Neil Bumfrey, Abu Dhabi National Oil Company, Supreme Commander of the Armed Forces, Mohamed bin Zayed Crown Prince of Abu Dhabi


Most Gulf bourses tumble on vaccine efficacy concerns | Reuters

Most Gulf bourses tumble on vaccine efficacy concerns | Reuters Most Gulf bourses ended lower on Tuesday, mirroring weakened global shares and oil prices, although the bourses in the United Arab Emirates (UAE) gained ahead of long holiday weekend.A sudden burst of risk aversion gripped most major asset markets across the globe after the head of drugmaker Moderna (MRNA.O) told the Financial Times that COVID-19 vaccines are unlikely to be as effective against the Omicron variant of the cor...
Tags: Travel, Russia, Egypt, Tim Clark, Dubai, Abu Dhabi, Uae, Financial Times, Reuters, Saudi Basic Industries Corp, United Arab Emirates UAE, The World Health Organization, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank


#Dubai faces up to rivals as it plans stock exchange revival with IPO offerings | Financial Times

Dubai faces up to rivals as it plans stock exchange revival with IPO offerings | Financial Times Competition is heating up in the capital markets of the United Arab Emirates, as Dubai seeks to revive its ailing stock exchange with a flurry of initial public offerings.  The government of the UAE’s commercial hub plans to privatise 10 state-backed companies, listing some of their shares on Dubai’s domestic bourse in a bid to rival the success of neighbouring emirate Abu Dhabi and regiona...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Abu Dhabi, Uae, Financial Times, Rupert Neil Bumfrey


House prices jump 21% as rich flock to #Dubai, but 2021 could be peak of current property cycle | ZAWYA MENA Edition

House prices jump 21% as rich flock to Dubai, but 2021 could be peak of current property cycle | ZAWYA MENA EditionHouse prices in Dubai jumped 21 percent this year thanks to the government's response in arresting the spread of COVID-19, which triggered interest in the property market from rich investors outside the emirate, according to a study by global property consultant Knight Frank.While developers are responding by pushing the envelope and bringing AED 10,000 per square foot homes to the ...
Tags: Travel, United Arab Emirates, Dubai, Uae, Mena, Rupert Neil Bumfrey, COVID


Bloomberg Green: The Gulf's Clean Energy Turnaround - Bloomberg video

Bloomberg Green: The Gulf's Clean Energy Turnaround - Bloomberg Oil transformed the Middle East, but now Gulf countries are under pressure to leave hydrocarbons behind. With fresh net zero targets announced in the run up to COP26, we hear from Saudi Arabia's energy minister Prince Abdulaziz bin Salman and Mariam Almheiri, the UAE's climate minister. One solution for the region could be the new futuristic megacity Neom: we near from the man making it happen, CEO Nadhmi Al-Nasr. Plus, we look ...
Tags: Travel, Saudi Arabia, Middle East, Uae, Gulf, Rupert Neil Bumfrey, Prince Abdulaziz Bin Salman, Nadhmi Al Nasr, Mariam Almheiri, Clean Energy Turnaround Bloomberg, Clean Energy Turnaround Bloomberg Oil


Virus Variant Sends Mideast Stocks Into Nosedive After Oil Slump - Bloomberg

Virus Variant Sends Mideast Stocks Into Nosedive After Oil Slump - BloombergMiddle East stocks are taking their cue from last week’s global sell-off as the emergence of a worrying new coronavirus variant reverberates through markets, sending every major index into retreat.Dubai’s benchmark gauge dropped the most, tumbling 4.6% as of 12:54 p.m. local time, its sharpest loss since March 2020. Saudi Arabia’s main index fell 3.2%, the most since October 2020. There were declines in Israel, Egypt, Jo...
Tags: Travel, Saudi Arabia, Israel, Bloomberg, South Africa, Middle East, Dubai, Abu Dhabi, Uae, Gulf, North Africa, Bloomberg TV, Rupert Neil Bumfrey, Emaar Properties PJSC, DFM, Shuaa Capital PSC


#UAE stocks slump on concerns over new COVID-19 variant  | ZAWYA MENA Edition

UAE stocks slump on concerns over new COVID-19 variant  | ZAWYA MENA EditionUAE stock indices slumped in early trading on Sunday, dragged down by concerns over the new COVID-19 variant. A drop in global oil prices on Friday on similar concerns too weighed on investor sentiment in the oil-rich Gulf country.Dubai's DFM General Index dropped more than 5 percent on open to 3,009 points, led by blue chip property developer Emaar Properties. The index however recovered slightly and was trading at 3,02...
Tags: Travel, Dubai, World Health Organization, Uae, Sharjah, Gulf, Emaar Properties, Air Arabia, Rupert Neil Bumfrey, DFM General Index, Abu Dhabi Securities Exchange ADX


#AbuDhabi's Waha Capital to join MSCI #UAE, global small-cap indexes | ZAWYA MENA Edition

Abu Dhabi's Waha Capital to join MSCI UAE, global small-cap indexes | ZAWYA MENA EditionWaha Capital will join MSCI UAE and global small-cap indexes from 1 December 2021, including the company's profile among global institutional investors.MSCI indexes are followed by passive funds and other investment vehicles, including mutual and exchange-traded funds (ETFs), and are used as benchmarks for their markets, according to a press release on Thursday.MSCI has selected Waha Capital for its UAE small...
Tags: Travel, Abu Dhabi, Uae, Rupert Neil Bumfrey, Waha Capital, MSCI UAE, Ahmed Khalifa Al Mehairi, EditionWaha Capital


#UAE's SHUROOQ considering stock market float in 2022 | ZAWYA MENA Edition

UAE's SHUROOQ considering stock market float in 2022 | ZAWYA MENA Edition Sharjah Investment and Development Authority is considering floating one of its companies on the local stock markets in 2022, according to its CEO.The company, also known as SHUROOQ, has a separate portfolio of real estate, tourism, industrial and transportation projects, with a value exceeding 12 billion dirham ($3.2 billion), of which around 6 billion dirham are real estate projects.Marwan J. Al-Sarkal made the co...
Tags: Travel, Uae, Sharjah, Rupert Neil Bumfrey, Shurooq, Marwan J Al Sarkal, Sharjah International Travel, Al Sarkal


Saudis and #UAE Are Caught in the Middle of the U.S.-China Cold War - Bloomberg ht @Ibishblog

Saudis and UAE Are Caught in the Middle of the U.S.-China Cold War - BloombergPreventing a potential U.S.-China Cold War has emerged as a top foreign policy priority for Gulf Arab countries, especially Washington's key partners: Saudi Arabia and the United Arab Emirates. But, as illustrated by the recent controversy over a secret Chinese port being built in the UAE, balancing relations between the established superpower and the rising one is getting harder for smaller states.Construction of the ...
Tags: Travel, Asia, Europe, Washington, Saudi Arabia, China, Barack Obama, Joe Biden, Iran, Abu Dhabi, Donald Trump, Muslim Brotherhood, Uae, Gulf, Rupert Neil Bumfrey, Middle East That


ADQ teams up with Turkish investment entities to boost priority sectors

ADQ teams up with Turkish investment entities to boost priority sectorsAbu Dhabi’s holding company ADQ signed agreements with various Turkish investment entities to boost the development of priority sectors in the UAE and Turkey ranging from technology to healthcare, following talks between the two countries.ADQ signed partnership pacts with the Turkey Wealth Fund, Turkey Investment Office and CCN Holding, the Abu Dhabi Government Media Office (ADGMO) said.The agreements were signed during the v...
Tags: Travel, Turkey, Recep Tayyip Erdogan, Uae, Armed Forces, Ankara, CCN, Rupert Neil Bumfrey, Dhabi, ADQ, Mohamed bin Zayed Crown Prince of Abu Dhabi, Turkey Wealth Fund Turkey Investment Office, Abu Dhabi Government Media Office ADGMO, ADGMO, Turkey Investment Office, CCN Holding


#Dubai Gets Its Way As Business Trumps Regional Strife - Bloomberg #UAE

Dubai Gets Its Way As Business Trumps Regional Strife - BloombergFatma Emrem’s phone has been ringing non-stop since the United Arab Emirates and Turkey repaired ties. A partner at Tamim Consulting, Emrem advises mostly Turkish companies setting up in the UAE commercial capital, Dubai. “Their main question is how confident should we be that good relations will continue,” she said. “They’re encouraged by recent reforms and lower company setup costs but they want to be sure politics won’t disrupt...
Tags: Travel, Turkey, Middle East, United Arab Emirates, Dubai, Uae, Rupert Neil Bumfrey, Bloomberg UAE, BloombergFatma Emrem, Tamim Consulting Emrem


#UAE Sets Up $10 Billion Fund to Support #Turkey as Ties Warm - Bloomberg

UAE Sets Up $10 Billion Fund to Support Turkey as Ties Warm - Bloomberg The United Arab Emirates outlined plans to launch a $10 billion fund to support investments in Turkey as the countries signed a string of accords Wednesday during one of the highest-level visits in years between the old Middle East foes.The fund will focus on strategic sectors such as energy, food and healthcare, the UAE’s state-run WAM news agency reported. The UAE, a small but influential Persian Gulf oil-and-business po...
Tags: Travel, Wam, Turkey, Middle East, United Arab Emirates, Recep Tayyip Erdogan, Istanbul, Uae, Ankara, Persian Gulf, Mohammed bin Zayed Al Nahyan, Rupert Neil Bumfrey, Support Turkey


Turkish cenbank governor in talks with #UAE over potential swap deal -sources | Reuters

Turkish cenbank governor in talks with UAE over potential swap deal -sources | ReutersTurkish Central Bank Governor Sahap Kavcioglu was meeting United Arab Emirates officials at the Turkish presidency for preliminary talks regarding a potential swap agreement, two sources told Reuters on Wednesday.Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan, the UAE's de facto ruler, was in Ankara for talks with President Tayyip Erdogan, in the first such visit in years as the regional rivals work...
Tags: Travel, Turkey, United Arab Emirates, Abu Dhabi, Uae, Ankara, Reuters, Tayyip Erdogan, Rupert Neil Bumfrey, Sheikh Mohammed bin Zayed al Nahyan, Şahap Kavcıoğlu, Kavcioglu, ReutersTurkish Central Bank


Alvarez & Marsal applies for 12-month extension to NMC administration in UK

Alvarez & Marsal applies for 12-month extension to NMC administration in UKAlvarez & Marsal, the administrator of the UAE's biggest healthcare operator NMC Health, plans to apply to the UK High Court for a further extension for the company's plc entity early next year.While the FTSE-100-listed company's UAE entity should exit administration in the next six weeks, according to Alvarez & Marsal, and start operations under new ownership next year, the UK administration process will need more time.R...
Tags: Travel, Europe, UK, Uae, Richard Fleming, Alvarez, NMC, Rupert Neil Bumfrey, Alvarez Marsal, NMC Health, UKAlvarez Marsal


FAB to expand international network with first branch in China

FAB to expand international network with first branch in ChinaFirst Abu Dhabi Bank (FAB), the UAE's biggest bank by assets, will expand its international network with the opening of its first branch in China early next year.FAB received a financial licence from the China Banking and Insurance Regulatory Commission that allows the lender to open a branch in Shanghai, it said on Tuesday.The branch is expected to be fully operational in the first quarter of 2022.“With the expansion of our presence ...
Tags: Travel, China, Shanghai, Uae, Rupert Neil Bumfrey, China Banking and Insurance Regulatory Commission, Hana Al Rostamani, ChinaFirst Abu Dhabi Bank


#UAE is building 'first green hydrogen plant' in M.East - minister | Reuters

UAE is building 'first green hydrogen plant' in M.East - minister | ReutersThe United Arab Emirates has started building "the first green hydrogen plant in the Middle East" and testing is currently underway, Energy Minister Suhail Al-Mazrouei said on Tuesday.The minister, who was speaking at a private business event at the Expo 2020 world fair in Dubai, gave no further details about the plans.So-called green hydrogen, created by splitting water into its two components using electricity from rene...
Tags: Travel, Energy, Wam, India, Middle East, Dubai, Uae, Reuters, Suhail Al Mazrouei, Rupert Neil Bumfrey, ReutersThe United Arab Emirates, Japan South Korea Germany


Reflecting on The Past, Present and The Future with Rotana

As part of the UAE’s ‘Year of the 50th’ Golden Jubilee celebrations, Rotana is commemorating the founding of the nation by reflecting on its glorious past, acknowledging the present and symbolising its new vision for the future. On this remarkable occasion, and amongst other activities taking place across all our UAE properties, Rotana invites residents and visitors to participate in its ’50 giveaways’ competition between 22nd November and 5th December 2021, where participants can win 50 ...
Tags: Travel, Uae, Rotana


Israeli venture firm OurCrowd gets license to operate in the #UAE | Reuters

Israeli venture firm OurCrowd gets license to operate in the UAE | Reuters OurCrowd, one of Israel's largest venture firms, said on Monday it received approval and a license to operate in the United Arab Emirates.OurCrowd becomes the first Israeli venture capital company to receive a license from the Abu Dhabi Global Market (ADGM), the main international financial centre in Abu Dhabi, it said.OurCrowd Management (Arabia) Limited will operate as a fund manager regulated by the ADGM’s Financial ...
Tags: Travel, Israel, Abu Dhabi, Uae, Ourcrowd, Jon Medved, Reuters, Rupert Neil Bumfrey, ADGM, ADGM 's Financial Services Regulatory Authority, United Arab Emirates OurCrowd, OurCrowd Management Arabia Limited, UAE Sabah


Top 5 things to do on your visit to Dubai Expo 2020

Even though the pandemic has spoiled the travel plans of many, Expo 2020 Dubai has not failed the hopes of travel enthusiasts by allowing them to travel around the world without any hindrance. Are you already wondering ‘how’? Expo 2020 Dubai is an event where 192 countries from across the world are participating to share their innovative ideas for a better world through sustainability, mobility and opportunity, which are the themes of this mega-event. This expo is aimed at inspiring and trigg...
Tags: Travel, Usa, US, Dubai, Uae, R Niranjan Das, Niranjan Das, Bompas Parr


#Dubai Denies Loophole in Its Gold-Trading Regulation Open to Illicit Business - Bloomberg

Dubai Denies Loophole in Its Gold-Trading Regulation Open to Illicit Business - BloombergDubai’s commodities exchange rejected claims it doesn’t do enough to regulate its gold business, while the United Arab Emirates government announced new guidelines for trading the metal.Allegations from foreign regulators, refineries and non-governmental organizations are “lies” and “nationally-targeted insults,” the chief executive officer of the Dubai Multi Commodities Centre, Ahmed bin Sulayem, said Thurs...
Tags: Travel, Bloomberg, United Arab Emirates, Dubai, Switzerland, Uae, Rupert Neil Bumfrey, United Arab Emirates Bloomberg, London Bullion Market Association, Bin Sulayem, Dubai Multi Commodities, Centre Ahmed bin Sulayem


#UAE Pushes Ahead With $20 Billion Natural Gas Project to Boost Exports - Bloomberg

UAE Pushes Ahead With $20 Billion Natural Gas Project to Boost Exports - BloombergThe United Arab Emirates will accelerate $20 billion of natural-gas projects by awarding contracts for some of them in the coming days, as it seeks to boost exports of the fuel.Abu Dhabi National Oil Co. will award engineering and construction work for the Dalma gas field in Persian Gulf waters as soon as this week, according to people with the matter. The gas is meant to start flowing by about 2025, they said.Adno...
Tags: Travel, Bloomberg, Uae, Persian Gulf, ADNOC, Jaber, Rupert Neil Bumfrey, Abu Dhabi National Oil Co, Dalma, UAE OPEC, BloombergThe United Arab Emirates


The Culture that is the UAE

BlackBerry cuts made roads safer, police sayA dramatic fall in traffic accidents this week has been directly linked to the three-day disruption in BlackBerry services.In Dubai, traffic accidents fell 20 per cent from average rates on the days BlackBerry users were unable to use its messaging service. In Abu Dhabi, the number of accidents this week fell 40 per cent and there were no fatal [Author: John B. Chilton]
Tags: Travel, Traffic, Dubai, Abu Dhabi, Uae, John B Chilton


Paragraph of note

In 2005, a company called CyberTrust—which has since been purchased by Verizon— gave Etisalat, the government-connected mobile company in the UAE, the right to verify that a site is valid. Here's why this is trouble: Since browsers now automatically trust Etisalat to confirm a site's identity, the company has the potential ability to fake a secure connection to any site Etisalat subscribers might [Author: John B. Chilton]
Tags: Travel, Verizon, Uae, Etisalat, John B Chilton, CyberTrust


Political risks to watch in the UAE

In the opinion of AlertNet. [Author: John B. Chilton]
Tags: Travel, Iran, Arab Spring, Uae, John B Chilton


Stateless in the UAE; Bidoun

Financial Times: In the UAE, the bidoun’s difficulties have surfaced in the curious case of the Comoros passports. At least a thousand stateless residents have taken the documents, says Zoubert A Soufiane Al Ahdal, Comoros ambassador to the UAE.  Bidoun in the UAE say the Comoros documents make it easier for them to meet tougher official identity requirements for securing papers such as [Author: John B. Chilton]
Tags: Travel, Uae, Financial Times, John B Chilton, Zoubert, Soufiane Al Ahdal Comoros, UAE Bidoun


Rights groups call for end of trail of activists charged with insulting officials

The call comes from Amnesty International, the Arabic Network For Human Rights Information (ANHRI), Front Line Defenders and Human Rights Watch: The call comes as the activists’ trial for “publicly insulting” the UAE president and other top officials re-opens on 18 July in Abu Dhabi's Federal Supreme Court, against the backdrop of a wider clampdown on dissent in the UAE...."The UAE government is [Author: John B. Chilton]
Tags: Travel, Human Rights, Arab Spring, Uae, John B Chilton, Abu Dhabi s Federal Supreme Court


Countries ranked by GDP per capita

Global Finance magazine has ranked countries by GDP per capita. Qatar comes out first among all nations at $90,000. Second is Luxembuorg at $74,000.Within the GCC, Qatar is followed by Kuwait ($39,000, 14th place) and the UAE ($36,000, 18th place).These numbers are not adjusted for the number migrant workers. Because of the small proportion of citizens in the UAE population, one of the smallest [Author: John B. Chilton]
Tags: Travel, Qatar, Kuwait, Uae, GCC Qatar, John B Chilton, Global Finance, Luxembuorg


NYT reports on gas lines in UAE

The New York Times picks up the story of petrol shortages in the United Arab Emirates: For the third time in the past 10 months, service stations across the United Arab Emirates have been running out of gasoline in recent weeks....The Sharjah Executive Council, a government policy-making body, is putting pressure on the fuel retailers for more information, after a three-week shortage in the [Author: John B. Chilton]
Tags: Travel, Oil Prices, New York Times, United Arab Emirates, Petrol, Arab Spring, Uae, John B Chilton, Sharjah Executive Council


UAE called upon to drop charges against reform advocates

Human Rights Watch The United Arab Emirates attorney general should immediately drop all charges against five pro-democracy activists to halt their trial, Human Rights Watch said today. The charges of "humiliating" top officials relate solely to the defendants' peaceful use of speech to criticize the UAE government and therefore violate their freedom of expression, Human Rights Watch said. UAE [Author: John B. Chilton]
Tags: Travel, United Arab Emirates, Human Rights Watch, Arab Spring, Uae, John B Chilton



Filters
show more filters
October - 2021
MoTuWeThFrSaSu
    123
45678910
11121314151617
18192021222324
25262728293031
November - 2021
MoTuWeThFrSaSu
1234567
891011121314
15161718192021
22232425262728
2930     
December - 2021
MoTuWeThFrSaSu
  12345
6789101112
13141516171819
20212223242526
2728293031