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Debt settlement fund exempts 3,310 Emiratis

Debt settlement fund exempts 3,310 Emiratis:The debt settlement fund in the UAE has announced the exemption of 3,310 Emiratis from their debt in cooperation with 13 local banks, the state news agency WAM announced on Saturday.Jaber Mohammed Al-Suwaidi, Director General of Abu Dhabi Crown Prince's Court, Chairman of the Higher Committee for the Treatment of Distressed Debt, said this initiative comes within the framework of the keen leadership of the United Arab Emirates to secure the living cond...
Tags: Travel, Wam, United Arab Emirates, Uae, Rupert Neil Bumfrey, Shaikh Khalifa Bin Zayed Al Nahyan, Jaber Mohammed Al Suwaidi, Abu Dhabi Crown Prince s Court, Treatment of Distressed Debt


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


#UAE government deposit rebounds to $81bln in January | ZAWYA MENA Edition

UAE government deposit rebounds to $81bln in January | ZAWYA MENA Edition:Government deposits rebounded to AED297.6 billion by the end of January, AED3.7 bn up from AED293.9 bn in December 2018.Driven by a significant rise in oil prices in H1 2018, the deposits grew AED94 bn across the year, hitting an all-time high of AED305 bn in November against AED300 bn in October .According to statistics released by the Central Bank of United Arab Emirates, Q3 of 2018 saw government deposits rise by AED35....
Tags: Travel, Uae, Rupert Neil Bumfrey, Central Bank of United Arab Emirates


#UAE eases #Qatar shipping ban amid continuing dispute | Reuters

UAE eases Qatar shipping ban amid continuing dispute | Reuters:The United Arab Emirates has eased a ban on the shipping of goods between it and Qatar enforced under a political and economic boycott of Doha, according to port circulars and an industry source.The UAE, Saudi Arabia, Egypt and Bahrain severed diplomatic, trade and transport ties with Qatar in June 2017 over allegations it supports terrorism, a charge Doha denies.An Abu Dhabi Ports circular dated Feb. 12 canceled previous directives ...
Tags: Travel, Qatar, United Arab Emirates, Bahrain, Doha, Uae, Reuters, Rupert Neil Bumfrey, UAE Saudi Arabia Egypt


Swiss, #UAE-owned, private bank Falcon to exit UK, sell assets to Dolfin | ZAWYA MENA Edition

Swiss, UAE-owned, private bank Falcon to exit UK, sell assets to Dolfin | ZAWYA MENA Edition:Switzerland's Falcon Private Bank will halt operations in the UK market and sell the assets of its London-based Falcon Private Wealth Ltd unit to Dolfin Financial (UK) Ltd, it said on Monday without giving financial details.Falcon, owned by Middle Eastern investment firm Aabar Investments INPTVA.UL , said in a statement the sale reflected its strategic priorities to focus on select markets via main platf...
Tags: Travel, UK, London, Switzerland, Zurich, Uae, Falcon, Rupert Neil Bumfrey, Falcon Private Bank, Dolfin, Falcon Private Wealth Ltd, Dolfin Financial UK Ltd, Aabar Investments INPTVA UL, Dubai Falcon


#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


Mideast Stocks: Banks lift #Saudi, #UAE markets slip as earnings impact fades | ZAWYA MENA Edition

Mideast Stocks: Banks lift Saudi, UAE markets slip as earnings impact fades | ZAWYA MENA Edition:Saudi Arabia's stock market rose in early trading on Monday as financial stocks gained while UAE stock markets fell back as impact from strong earnings by real estate firms in particular faded.Saudi Arabia's index rose 0.2 percent with Al Rajhi Bank gaining 0.8 percent.Arab National Bank rose 1.3 percent after it reported a full-year net profit of 3.31 billion riyals ($882.62 million) versus 3.03 bil...
Tags: Travel, Saudi Arabia, Uae, Saudi UAE, Rupert Neil Bumfrey, Arab National Bank, Al Rajhi Bank


#UAE's Emirates Development Bank hires arrangers for dollar bond | Reuters

UAE's Emirates Development Bank hires arrangers for dollar bond | Reuters:Emirates Development Bank (EDB), wholly owned by the federal government of the United Arab Emirates, has hired banks to arrange a series of fixed income investor meetings ahead of a potential sale of benchmark U.S. dollar-denominated five-year bonds, a document issued by one of the banks showed.Emirates NBD Capital has been appointed as the financial adviser and, together with Standard Chartered, as joint global coordinato...
Tags: Travel, Standard Chartered, United Arab Emirates, Uae, Reuters, Standard Chartered Bank, Rupert Neil Bumfrey, Emirates NBD Capital, Emirates Development Bank, Emirates Development Bank EDB


UAE announces $1.1 billion of military deals with international companies: IDEX | Reuters

UAE announces $1.1 billion of military deals with international companies: IDEX | Reuters:The United Arab Emirates (UAE) said on Sunday it had signed military deals worth 3.87 billion UAE dirhams ($1.1 billion) with international companies.A spokesman for the IDEX defense conference said the UAE had also announced military deals worth 1.1 billion UAE dirhams with local companies. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Uae, Reuters, United Arab Emirates UAE, Rupert Neil Bumfrey, IDEX


#UAE carriers constitute 54% of Boeing’s deliveries in region in 2018 | ZAWYA MENA Edition

UAE carriers constitute 54% of Boeing’s deliveries in region in 2018 | ZAWYA MENA Edition:Boeing delivered 39 airplanes in 2018 to its regional customers in the Middle East, 21 of which were to UAE carriers, according to Bernard J. Dunn, President, Boeing Middle East, North Africa and Turkey.In an exclusive interview with the Emirates News Agency (WAM) ahead of the International Defence Exhibition (IDEX) 2019, starting in the UAE capital today, Dunn described 2018 as a 'great year'."2018 was a g...
Tags: Travel, Turkey, Middle East, Boeing, Uae, Dunn, Emirates News Agency WAM, Rupert Neil Bumfrey, Middle East 21, Bernard J Dunn, Boeing Middle East North Africa


#UAE to launch new industrial strategy in 2019 | Reuters

UAE to launch new industrial strategy in 2019 | Reuters:The United Arab Emirates will launch a new industrial strategy in 2019, Minister of Energy & Industry Suhail al-Mazrouei said on Saturday.He did not give further details. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, United Arab Emirates, Uae, Reuters, Suhail Al Mazrouei, Rupert Neil Bumfrey


Eni's Gulf expansion has just started: CEO | Reuters

Eni's Gulf expansion has just started: CEO | Reuters:Italian major Eni said it intends to expand in the Middle East after a spree of deals in the Gulf last year, pressing ahead with plans to reduce its reliance on Africa and oil and gas exploration.Since last March Eni has secured nine deals in the United Arab Emirates, gained a foothold in Bahrain and expanded in Oman to underpin its future growth. Last month it pledged $3.3 billion to buy part of the world’s fourth-biggest refinery in the UAE,...
Tags: Travel, Africa, Middle East, United Arab Emirates, Oman, Bahrain, Uae, Gulf, Reuters, Eni, Rupert Neil Bumfrey


‘Bold action needed’: Trump adviser backs Kingdom’s investment hopes

‘Bold action needed’: Trump adviser backs Kingdom’s investment hopes:The Milken Institute MENA (Middle East and North Africa) Summit in Abu Dhabi kicked off with a strong defense of Saudi Arabia and its investment prospects from a close personal adviser to US President Donald Trump.Asked about investment prospects in the Kingdom in the wake of the death of Saudi journalist Jamal Khashoggi last year, Thomas Barrack, executive chairman of private equity group Colony Capital, told participants at t...
Tags: Travel, Saudi Arabia, Kingdom, US, Middle East, Abu Dhabi, Donald Trump, Uae, Trump, Colony Capital, Rupert Neil Bumfrey, Thomas Barrack, Milken Institute MENA, Jamal Khashoggi


#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


Oil market to reach balance in Q1: #UAE energy minister | Reuters

Oil market to reach balance in Q1: UAE energy minister | Reuters:The oil market should reach a balance between supply and demand in the first quarter of this year, UAE Energy Minister Suhail Al Mazrouei told Al-Arabiya television on Monday.He said he was satisfied with the implementation of an agreement to cut supply by the Organization of the Petroleum Exporting Countries and allies, including Russia.OPEC, Russia and other non-OPEC producers - an alliance known as OPEC+ - agreed to reduce suppl...
Tags: Travel, Russia, Opec, Uae, Reuters, Organization of the Petroleum Exporting Countries, Al Arabiya, Suhail Al Mazrouei, Rupert Neil Bumfrey, UAE Energy


UK approaches Gulf countries on post-Brexit trade pact - UAE minister | Reuters

UK approaches Gulf countries on post-Brexit trade pact - UAE minister | Reuters:Britain has approached the United Arab Emirates and other Gulf countries on a possible trade pact after Britain leaves the European Union, the UAE economy minister said on Monday.Such agreements can take years to negotiate, Sultan bin Saeed al-Mansouri said on a panel at the World Government Summit in Dubai. He gave no further details.Britain is due to leave the EU on March 29, but it has yet to find an agreement acc...
Tags: Travel, UK, Eu, European Union, Britain, United Arab Emirates, Dubai, Brussels, Uae, Gulf, Reuters, Sultan bin Saeed Al Mansouri, Rupert Neil Bumfrey


#UAE's Mashreqbank hires banks ahead of dollar bond sale | ZAWYA MENA Edition

UAE's Mashreqbank hires banks ahead of dollar bond sale | ZAWYA MENA Edition:Dubai-based Mashreqbank has hired banks to arrange fixed income investor meetings ahead of a potential issue of five-year U.S. dollar-denominated bonds, a document issued by one of the banks showed on Thursday.Mashreqbank, the largest privately owned bank in the United Arab Emirates, will meet investors in the UAE, Europe and Asia, starting Feb. 10.BNP Paribas, BofA Merrill Lynch, Commerzbank, Mashreqbank, Nomura and So...
Tags: Travel, Asia, United Arab Emirates, Dubai, Uae, Societe Generale, Rupert Neil Bumfrey, UAE Europe, Mashreqbank


#Dubai Islamic Bank marks listing of $750m bond

Dubai Islamic Bank marks listing of $750m bond:Dubai Islamic Bank (DIB) on Wednesday marked the listing of a $750 million sukuk — or Islamic bond — on the Nasdaq Dubai exchange. Executives on Wednesday rang the opening bell at the exchange following the listing, which took place on Jan. 22.The value of DIB’s sukuk listed on the exchange is now $6 billion, including the latest listing, from seven instruments. The sukuk was 4.9 times oversubscribed with a profit rate of 6.25 percent per annum, and...
Tags: Travel, Wam, Middle East, Uae, Rupert Neil Bumfrey, Dubai Islamic Bank, Nasdaq Dubai, Dubai Islamic Bank DIB, Adnan Chilwan


Best, longest, and fastest zip lines

There are few adrenaline-inducing activities more exciting than soaring through the air on a zip line. Unless you take the plunge and go skydiving, zip lining might be the closest you’ll ever get to flying, and anyone who’s gone before knows it’s pretty exhilarating. If you haven’t, don’t worry. Whether you’re a teenager or pushing 80, zip lining is accessible to everyone, and that’s probably one of the reasons it’s been surging in popularity. Whatever your level of experience, these are the ...
Tags: Travel, Everest, Nepal, Alaska, New Zealand, Kathmandu, Costa Rica, Uae, Auckland, All, Waiheke Island, KATHMANDU Nepal, Chichagof Island, Hoonah, Ras Al Khaimah, Waiheke Island New Zealand


#UAE releases $496 million frozen funds, ending #Kuwait dispute | Reuters

UAE releases $496 million frozen funds, ending Kuwait dispute | Reuters:A dispute between Dubai and Kuwait appeared to have ended on Tuesday as the United Arab Emirates’ central bank authorized the release of $496 million which had been frozen at Dubai’s state-owned Noor Bank since late 2017.Cayman Islands-registered Port Fund, part of a Kuwaiti private equity group and holder of the account at Noor Bank, said the funds had been released. The UAE central bank and Noor Bank did not immediately re...
Tags: Travel, Philippines, United Arab Emirates, Dubai, Kuwait, Uae, Cayman Islands, Reuters, Noor Bank, Rupert Neil Bumfrey


British Tourist Arrested and Beaten for Wearing a Qatar Shirt to a Soccer Match in Abu Dhabi

It's incredible that Qatar was able to play, beat their geopolitical rivals Saudi Arabia and UAE, and that they had an actual fan in the stadium who dared to support them along the way. That man was punished. I have to think that this will be enough of an international embarrassment that the UAE will have to back down (though they can't un-beat the man). Nonetheless it's a good reminder that when you travel the world you're subject to the laws of wherever you've gone - even if you aren't aware...
Tags: Travel, Saudi Arabia, Advice, Qatar, Abu Dhabi, Uae


Exclusive: #AbuDhabi expected to extend bailout loan to #Dubai, #UAE sources say | Reuters

Exclusive: Abu Dhabi expected to extend bailout loan to Dubai, sources say | Reuters:Abu Dhabi is expected to roll over for the second time $20 billion of debt, due next month, that it extended to Dubai during its financial crisis a decade ago, three sources familiar with the matter said.Dubai got the aid from the oil-rich capital of the United Arab Emirates in 2009 after the global credit crisis caused its real estate market to crash, threatening to force some state-linked companies to default ...
Tags: Travel, United Arab Emirates, Dubai, Abu Dhabi, Uae, Reuters, Dubai UAE, Rupert Neil Bumfrey, Abudhabi


UAE Digital in 2019

This report (that is the latest collection of UAE digital 2019 insights by We Are Social & HootSuite) contains essential insights into how people in the United Arab Emirates use the internet, mobile devices, social media, and e-commerce. The post UAE Digital in 2019 appeared first on Dubai Digital Marketing Training & Consulting | SEO International Dubai.
Tags: Travel, Social Media Marketing, United Arab Emirates, Uae, Digital Marketing, Dubai Digital Marketing Training Consulting, UAE Digital


Eni keeps foot on the gas in high-speed Gulf drive | Reuters

Eni keeps foot on the gas in high-speed Gulf drive | Reuters:In less than 12 months Eni CEO Claudio Descalzi has turned the Middle East from a sideshow to a strategic hub for the Italian energy major. And the shift is not over.Since last March the 63-year-old has clinched nine deals in the United Arab Emirates, gained a toehold in Bahrain and expanded in Oman to reshape the group’s future.In the latest deal on Sunday, Eni pledged $3.3 billion to buy part of the world’s fourth-biggest refinery in...
Tags: Travel, Middle East, United Arab Emirates, Oman, Bahrain, Uae, Gulf, Reuters, Eni, Claudio Descalzi, Rupert Neil Bumfrey


#UAE's Noor Capital says it bought 3 tonnes of gold from Venezuela | Reuters

UAE's Noor Capital says it bought 3 tonnes of gold from Venezuela | Reuters:Abu Dhabi investment firm Noor Capital said on Friday that it bought 3 tonnes of gold on Jan. 21 from Venezuela’s central bank, at a time when President Nicolas Maduro is seeking to keep his crisis-stricken government solvent.Noor Capital said in a statement it would refrain from further transactions until Venezuela’s situation stabilizes and its purchase was in accordance with “international standards and laws in place”...
Tags: Travel, United Arab Emirates, Venezuela, Abu Dhabi, Nicolás Maduro, Uae, Reuters, Rupert Neil Bumfrey, Noor Capital


#Saudi- #UAE business forum kicks off in Riyadh

Saudi-UAE business forum kicks off in Riyadh:Saudi Arabia’s minister of commerce and investment has praised relations with the United Arab Emirates during the second Saudi-UAE Business Forum which kicked off on Thursday in Riyadh.Majid bin Abdullah Al-Qasabi stressed that distinguished relations in all fields between Saudi Arabia and the UAE derive their strength from brotherly ties between the two countries and their leaderships.“The vision of the two brotherly countries seeks sustainable devel...
Tags: Travel, Saudi Arabia, United Arab Emirates, Uae, Riyadh, Rupert Neil Bumfrey, Riyadh Majid, Abdullah Al Qasabi


First Abu Dhabi Bank to raise foreign shareholder limit | Reuters

:First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates, beat analysts’ forecasts with a 4 percent rise in fourth-quarter profit on Thursday and said it planned to raise its foreign ownership limit.FAB said it proposed to its board increasing its foreign ownership limit to 40 percent from 25 percent, the latest Abu Dhabi bank hoping to attract foreign investors after Abu Dhabi Islamic Bank lifted its foreign ownership limit to 25 percent in November.After a mixed year for UAE s...
Tags: Travel, United Arab Emirates, Abu Dhabi, Uae, Reuters, Rupert Neil Bumfrey, Abu Dhabi Islamic Bank, First Abu Dhabi Bank


Fuel prices continue to drop

Fuel prices in UAE continued to drop bringing cheer. The new prices declared by the Fuel Price Committee indicate an approximate 2.5% drop in petrol prices. Th price for Super 98 at AED 1.95 is down from AED 2.00 last month while Special 95 has dropped to AED 1.84, down from AED 1.89 in Janaury. Happy Motoring! [Author: [email protected] (Dubai Photo Story)]
Tags: Travel, Dubai, Uae, Fuel Price Committee


Prospects for local currency bonds in #UAE "very interesting" - experts | ZAWYA MENA Edition

Prospects for local currency bonds in UAE "very interesting" - experts | ZAWYA MENA Edition:The UAE announced that it had passed a federal debt law in October last year, and providing a benchmark yield curve for dirham-denominated debt was one of the reasons given by the governor of the central bank for passing the law.Speaking at a media roundtable launching a white paper on the MENA debt market held at Nasdaq Dubai's headquarters on Monday, Emirates NBD Asset Management's director of fixed inc...
Tags: Travel, Uae, Mena, Emirates NBD Asset Management, Rupert Neil Bumfrey, Nasdaq Dubai, Parth Kikani


#UAE accuses #Qatar of banning its products, files WTO complaint | Reuters

UAE accuses Qatar of banning its products, files WTO complaint | Reuters:The United Arab Emirates has filed a complaint against Qatar at the World Trade Organization saying Doha has imposed a ban on Emirati products, UAE state news agency WAM said on Tuesday.The UAE, Saudi Arabia, Bahrain, and Egypt have imposed a diplomatic, trade and transport boycott of Qatar since June 2017 over allegations Doha supports terrorism, a charge Qatar denies.Qatar filed in July 2017 a wide-ranging legal complaint...
Tags: Travel, Wam, Qatar, Egypt, World Trade Organization, United Arab Emirates, WTO, Bahrain, Doha, Uae, Reuters, Rupert Neil Bumfrey, UAE Saudi Arabia, UAE Saudi Arabia Bahrain



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