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Lionel Barber’s diaries — encounters with Merkel, Fuld and a piano-playing Putin | Financial Times #Dubai #UAE

Lionel Barber’s diaries — encounters with Merkel, Fuld and a piano-playing Putin | Financial Times Below are a selection of the Simeon Kerr reports from the traumatic months, for #Dubai, of November and December, 2009: Pressure mounts over $4bn sukuk Dubai’s ruler tightens financial controls Focus turns to debt restructuring Dubai property merger blocked Abu Dhabi left with little choice Anger within emirate levelled at leadership Abu Dhabi expected to prop up smaller brother Dubai r...
Tags: Travel, Putin, Dubai, Lionel Barber, Abu Dhabi, Dubai UAE, Rupert Neil Bumfrey, Simeon Kerr, Merkel Fuld


#UAE merges insurance authority with central bank - Dubai ruler tweet | Reuters

UAE merges insurance authority with central bank - Dubai ruler tweet | ReutersThe United Arab Emirates has taken a decision to merge the Insurance Authority with the central bank, Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum said on Saturday.The decision also transfers all operational and executive powers of the Securities and Commodities Authority to the local stock markets, while the SCA maintains regulation and oversight of the local financial markets, Sheikh Mohammed said in a tweet. ...
Tags: Travel, Dubai, Uae, Mohammed, Reuters, SCA, Sheikh Mohammed bin Rashid al Maktoum, Rupert Neil Bumfrey, Securities and Commodities Authority, Insurance Authority, ReutersThe United Arab Emirates


#Dubai Plans $136 Million in Support for Virus-Hit Businesses - Bloomberg

Dubai Plans $136 Million in Support for Virus-Hit Businesses - BloombergDubai plans to offer 500 million dirhams ($136 million) of aid for businesses hit by the coronavirus crisis, Crown Prince Hamdan Bin Mohammed said on Twitter on Saturday.The package, which will consist of rent breaks and the elimination of government fees and fines for some businesses, will bring total government support to 6.8 billion dirhams, according to the prince.The emirate is known as the business hub of the Middle Ea...
Tags: Travel, Bloomberg, Middle East, United Arab Emirates, Dubai, International Monetary Fund, Rupert Neil Bumfrey, Hamdan bin Mohammed, COVID, BloombergDubai


Cheteshwar Pujara, Hanuma Vihari set to travel to Dubai on October 25

This forms the first leg of their travel schedule for the Australia tou
Tags: Australia, Sport, Cricket, Dubai, Cheteshwar Pujara Hanuma Vihari


Caldwell keeping up with the bombers in Italy

Laurie Canter. Picture: Getty Images Clandeboye's Jonathan Caldwell believes he must stick to his guns and play to his strengths if he's to compete with the big hitters for the fog-delayed Italian Open.The former Walker Cup star (36) made six birdies in a 68 to move up to tied eighth alongside the likes of defending champion Bernd Wiesberger and two-t...
Tags: UK, England, Sport, Cyprus, Italy, Golf, European Tour, Dubai, Martin Kaymer, McGowan, Ross McGowan, Caldwell, Bernd Wiesberger, Burmester, Canter, Brescia


Trump says Sudan will normalize ties with Israel

By Deb Reichmann and Matthew Lee | Associated Press WASHINGTON — President Donald Trump announced Friday that Sudan will start to normalize ties with Israel, making it the third Arab state to do so as part of U.S.-brokered deals in the run-up to Election Day. The deal, which would deepen Sudan’s engagement with the West, follows Trump’s conditional agreement this week to remove the North African nation from the list of state sponsors of terrorism if it pays compensation to American victims of t...
Tags: Washington, Osama Bin Laden, Africa, Israel, Jerusalem, Sport, Joe Biden, Iran, Soccer, United States, United Arab Emirates, Dubai, Sudan, Kenya, Tanzania, Associated Press


Traveling to Dubai during Covid-19: What you need to know before you go

If you're planning a trip to Dubai, here's what you'll need to know and expect if you want to visit during the global coronavirus pandemic.
Tags: Cnn, Dubai


MBC Group CEO Talks High-End Carlos Ghosn Doc and TV Series Project (EXCLUSIVE)

After churning out several successful Arabic originals, Dubai-based MBC Studios is entering the international TV dramas arena with a high-end English-language doc and series about Carlos Ghosn, the French-Lebanese-Brazilian former CEO of automakers Nissan and Renault, who jumped bail and absconded to Beirut while on trial in Japan for alleged financial misconduct. “It’s not very […]
Tags: Japan, News, Global, Dubai, Nissan, Beirut, Renault, Carlos Ghosn, MBC, MBC Studios, Marc-Antoine d’Halluin, MBC Group CEO Talks High End, Carlos Ghosn Doc


LIVE: Fact-checking the final Trump-Biden debate

Tasos Katopodis/Getty Images, Drew Angerer/Getty Images President Donald Trump and his Democratic challenger Joe Biden took the debate stage for the final time Thursday night ahead of the 2020 general election. The debate was moderated by NBC News' Kristen Welker and focused on six main topics: COVID-19, race, climate change, national security, leadership, and American families. The debate comes as Biden holds a hefty lead over Trump in a number of national and state polls, and as the Tru...
Tags: South Korea, Politics, New York, News, Nbc, Putin, Congress, Washington Post, Cdc, North Korea, Senate, White House, China, Politico, Russia, Nbc News


MIDEAST STOCKS-Lender Emirates NBD buoys #Dubai; Egypt extends losses | Nasdaq

MIDEAST STOCKS-Lender Emirates NBD buoys Dubai; Egypt extends losses | NasdaqDubai's stock market ended higher on Thursday, driven by a rebound in its top lender Emirates NBD ENBD.DU, while Egyptian stocks fell sharply due to a broad selloff in blue-chip shares.Dubai's main share index .DFMGI rose 0.7%, led by a rebound in its largest lender Emirates NBD ENBD.DU, following two sessions of losses.On Tuesday, the lender reported a sharp decline in quarterly profit, hit by a rise in bad debt charge...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, Adi, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, Gulf Egypt, Emirates NBD ENBD, Mostafa Madbouly, Lender Emirates NBD, El Sewedy Electric SWDY, Emirates Telecommunications Etisalat ETISALAT


Israelis can now travel to Dubai. The Persian Gulf will never be the same

For decades, Israelis couldn't travel to the UAE and its dazzling city of Dubai -- or vice versa. That's all changed with new diplomatic relations. Find out what residents of Israel and Dubai hope to see once the pandemic eases.
Tags: Israel, Cnn, Dubai, Uae, Persian Gulf


MIDEAST STOCKS-Major Gulf markets mixed in early trade, #Dubai index up | Nasdaq

MIDEAST STOCKS-Major Gulf markets mixed in early trade, Dubai index up | Nasdaq Major stock markets in the Gulf were mixed early on Thursday, in the absence of fresh factors to trade on, with top lender Emirates NBD ENBD.DU boosting the Dubai index. Saudi Arabia's benchmark index .TASI fell 0.2%, hurt by a 0.8% drop in National Commercial Bank 1180.SE and a 1.4% retreat in Etihad Etisalat (Mobily) 7020.SE despite reporting a higher third-quarter profit.Saudi Telecom Company 7010.SE, however, g...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Adi, Tasi, Etihad Etisalat, Saudi Telecom Company, Rupert Neil Bumfrey, Damac, Hussain Sajwani Damac, QSI, Emirates NBD ENBD, Qatar National Bank QNBK


McIlroy seeks heat of battle as Masters looms: "It’s a great opportunity to try to get a win"

Rory McIlroy of Northern Ireland plays his second shot on the second hole during the third round of The CJ Cup @ Shadow Creek on October 17, 2020 in Las Vegas, Nevada. (Photo by Christian Petersen/Getty Images) Rory McIlroy is desperate to contend for his first win in almost a year at the ZOZO Championship in Los Angeles.The world No 5 has not won sin...
Tags: US, Los Angeles, Georgia, Sport, Golf, Phil Mickelson, Rory Mcilroy, Shanghai, Pga Tour, European Tour, Wgc, Northern Ireland, Dubai, Houston, Adam Scott, Augusta


First Look at Lionsgate’s ‘John Wick’ and ‘Now You See Me’ Roller Coasters, Ride Details Revealed

Last year, Lionsgate scrapped its plans to build an indoor theme park called Lionsgate Entertainment City in New York City. But the company hasn’t gotten out of the theme park industry altogether – it’s just ramped up its efforts overseas. A new report today brings us some details and the first concept art for a Now You See Me ride and a John Wick roller coaster at a theme park called Motiongate in Dubai, where Lionsgate already has a Hunger Games-themed attraction up and running. Get your firs...
Tags: Movies, Lionsgate, New York City, Dubai, Theme Parks, Keanu Reeves, Continental, Brown, John Wick, Lionsgate Films, Now You See Me, Motiongate, Jenefer Brown, Lionsgate Entertainment City


#Dubai wealth fund sells $600mln in long 5-year bonds - document | ZAWYA MENA Edition

Dubai wealth fund sells $600mln in long 5-year bonds - document | ZAWYA MENA Edition Investment Corporation of Dubai (ICD), the Dubai government's main investment arm, sold $600 million in long five-year bonds at 275 basis points over mid-swaps, a document showed on Wednesday.ICD began marketing the bonds at around 300 basis points over mid-swaps earlier on Wednesday and received more than $1.1 billion in orders, according to the document issued by one of the banks leading the deal.Issuers from...
Tags: Travel, Dubai, Oman, Gulf, Rupert Neil Bumfrey, MENA Edition Investment Corporation


#Dubai Islamic Bank's third-quarter profit slips on higher impairment charges - The National

Dubai Islamic Bank's third-quarter profit slips on higher impairment charges - The National:  Dubai Islamic Bank, the largest Sharia-compliant lender in the UAE by assets, reported a 19 per cent drop in its third-quarter net profit as impairment charges and operating expenses rose amid the coronavirus pandemic.  Net profit attributable to owners of the bank for the three month period ending September 30 declined to about Dh1 billion ($274 million), the lender said in a statement to the Dubai Fi...
Tags: Travel, Dubai, Uae, Dubai Financial Market, Rupert Neil Bumfrey, Dubai Islamic Bank, Mohammed Al Shaibani


#Dubai wealth fund starts marketing dollar bonds - document | Reuters

Dubai wealth fund starts marketing dollar bonds - document | Reuters:  Investment Corporation of Dubai (ICD), the Dubai government’s main investment arm, started marketing long five-year bonds at around 300 basis points over mid-swaps, a document showed on Wednesday.  The sale of the benchmark bonds will close later on Wednesday, according to the document issued by one of the banks leading the deal.  Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JP Morgan and Standard Chartered have b...
Tags: Travel, Standard Chartered, Dubai, Reuters, Rupert Neil Bumfrey, Investment Corporation


Hoichoi parent SVF obtains court order to pull 2012 film from Zee5

Media company SVF, which owns the streaming service Hoichoi, obtained a court order against Zee5 to pull a 2012 film it produced from the streaming service’s catalogue. In a statement, SVF said that Zee5 didn’t hold the rights to the film, Chitrangada, and was streaming it without a license. “The Honorable Judge was pleased to observe that streaming of the film by Zee was without right and would cause business losses and damages and that balance of convenience was in favor of SVF Entertainment,”...
Tags: Travel, South Korea, News, Whatsapp, Netflix, Pakistan, Dubai, Mumbai, South Asia, Zee, Bombay High Court, Goenka, Hotel Mumbai, Zee5, Zee Entertainment Enterprises Limited, Hoichoi


IHG® Hotels & Resorts featured in Season 3 of Tomorrow’s World Today

After months of social distancing and quarantine measures, it's only natural to daydream about your next big getaway. And if you're going to dream, you might as well dream big, so allow us to serve up some inspiration. Join Tomorrow's World Today and IHG® Hotels & Resorts on a visit to the glittering high rises of Dubai and sandy shores of Oman to enjoy the best of hotels stays, from jaw-dropping views and luxurious bedding to fine dining - but with sustainability at the heart.Tomorrow's ...
Tags: Travel, Dubai, Ihg, Oman, Jackie Long


#Dubai’s Union Properties Restructuring Debt to Weather Slump - Bloomberg

Dubai’s Union Properties Restructuring Debt to Weather Slump - Bloomberg:  Union Properties PJSC is restructuring debt and trimming costs to weather a slump in Dubai’s real estate market.  “We are focusing on restructuring our balance sheet, and all our efforts will be directed to reduce our accumulated losses in the past,” Vice Chairman Fathi Ben Grira said in an interview with Bloomberg TV. The company restructured 946 million dirhams ($258 million) of debt in August.  Chronic oversupply has...
Tags: Travel, Bloomberg, Dubai, Rupert Neil Bumfrey, Fathi Ben Grira, Still Union Properties, Ben Grira


6 Easy Fixes for a Water Heater Pilot Light

Has your gas water heater stopped working? Then, there’s a chance that the water heater pilot light, that ignites the gas, might have been faulty. Basically, the pilot light turns up and ignites the gas. So, the water tank can get heated. If the water heater pilot light goes off, then the water heater won’t work at all. And, when the pilot light doesn’t stay lit, your water heater loses its potential to serve you hot water. On the other hand, it can lead to gas build-up in the water heater. To...
Tags: Home Improvement, Dubai, Jazz, Home Maintenance, Around The House, Water Heater Pilot Light, Plumber Dubai


Biggest #Dubai Bank More Than Doubles Provisions; Profit Dips - Bloomberg

Biggest Dubai Bank More Than Doubles Provisions; Profit Dips - Bloomberg:  Emirates NBD PJSC braced for credit losses by more than doubling the amount of money set aside in provisions amid the coronavirus pandemic as it reported a 55% slump in its nine-month profit.  Dubai’s biggest bank increased impairment allowances more than anticipated by some analysts, bringing the total to 6.4 billion dirhams ($1.7 billion), according to a statement on Tuesday. Profit dropped to 5.6 billion dirhams on hi...
Tags: Travel, Dubai, Gulf, Emirates NBD, Rupert Neil Bumfrey, Network International, Arqaam Capital, Jaap Meijer, Network International Holdings Plc, Biggest Dubai Bank More Than Doubles Provisions, Profit Dips Bloomberg


MIDEAST STOCKS-Most major Gulf markets fall; #Qatar rises | Nasdaq

MIDEAST STOCKS-Most major Gulf markets fall; Qatar rises | Nasdaq: Most major stock markets in the Gulf fell on Tuesday, with the Dubai index hit by losses in top lender Emirates NBD, while Qatar bucked the trend.Saudi Arabia's benchmark index .TASI dropped 0.7%, with oil behemoth Saudi Aramco 2222.SE declining 1% and Al Rajhi Bank 1120.SE losing 0.3%.Saudi Aramco and petrochemical firm Saudi Basic Industries 2010.SE have decided to re-evaluate their $20 billion crude-oil-to-chemicals project an...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Saudi Aramco, Emirates NBD, Adi, Qatar National Bank, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, Abu Dhabi Commercial Bank ADCB, Al Rajhi Bank, Qatar Gas Transport Company


#UAE stocks gain, while major Gulf markets fall | Reuters

UAE stocks gain, while major Gulf markets fall | Reuters:  The stock markets in the United Arab Emirates (UAE) closed higher, boosted by real estate and banking shares, defying the fall in other Gulf markets.  Dubai's index .DFMGI advanced 1.3%, with Dubai Islamic Bank DIBDISB.DU gaining 1.7% and Emaar Properties EMAR.DU adding 1.9%.  On Sunday, Dubai Financial Market DFM.DU introduced equity futures trading platform, which included the lender Dubai Islamic Bank and Emaar Properties among stoc...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Saudi Aramco, Etihad Airways, SABIC, United Arab Emirates UAE, Emaar Properties, Emaar, Tasi, Rupert Neil Bumfrey


First Look at ‘John Wick,’ ‘Now You See Me’ Roller Coasters, Opening Next Year

Lionsgate is turning its hit “John Wick” film franchise into a 10-story roller coaster ride at the Motiongate theme park in Dubai. The “John Wick” ride, and another coaster based on the “Now You See Me” film series, are expected to open at Motiongate early next year. Variety has the exclusive first look at renderings […]
Tags: News, Lionsgate, Dubai, John Wick, Now You See Me, Motiongate


#Dubai wealth fund readies bonds, COVID-19 may hit revenue | Reuters

Dubai wealth fund readies bonds, COVID-19 may hit revenue | Reuters:  Investment Corporation of Dubai (ICD), the Dubai government’s main investment arm, is planning an issue of U.S. dollar-denominated bonds amid expectations of lower revenues from its assets due to the coronavirus crisis.  It has hired banks including Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan and Standard Chartered, to arrange investor calls ahead of the issuance, a document from one the banks showed on M...
Tags: Travel, Standard Chartered, Emirates, Dubai, Reuters, Rupert Neil Bumfrey


MIDEAST STOCKS-Major Gulf stocks track global rally on hopes of virus vaccine by year end | Nasdaq

MIDEAST STOCKS-Major Gulf stocks track global rally on hopes of virus vaccine by year end | Nasdaq:  Major Gulf stock markets rose in early trade on Monday, tracking a rally in their global peers triggered by expectations of a coronavirus vaccine by the end of this year.  Drugmaker Pfizer Inc PFE.N said on Friday it could have a coronavirus vaccine ready in the United States by the end of this year.  Saudi Arabia's benchmark index .TASI rose 0.2%. Saudi Basic Industries (SABIC) 2010.SE increas...
Tags: Travel, Saudi Arabia, Qatar, United States, Dubai, Abu Dhabi, Gulf, Saudi Aramco, SABIC, Tasi, Rupert Neil Bumfrey, QSI, Saudi Basic Industries SABIC, Yansab, Pfizer Inc PFE N, Major Gulf


Rahul, Bumrah, Shami star as Kings XI beat Mumbai after TWO Super Overs

Following an incredible evening in Dubai, the IPL Super-Over count for the day touched three
Tags: Sport, Cricket, Dubai, Mumbai, Rahul Bumrah Shami


#UAE- #Israel-UAE Flight Schedules: Latest on Tel Aviv and #AbuDhabi, #Dubai - Bloomberg

UAE-Israel-UAE Flight Schedules: Latest on Tel Aviv and Abu Dhabi, Dubai - Bloomberg:Israel and the United Arab Emirates agreed on a deal to allow for 28 direct weekly passenger flights connecting Tel Aviv with Abu Dhabi and Dubai, according to a statement from Israel’s Transportation Ministry.The flights will begin “within weeks” and came after significant commercial interest from airliners on both sides in the routes, the statement said. Both countries are in the process of developing economic...
Tags: Travel, Israel, Tel Aviv, United Arab Emirates, Dubai, Abu Dhabi, Rupert Neil Bumfrey, Transportation Ministry, UAE Israel, AbuDhabi Dubai Bloomberg, Abu Dhabi Dubai Bloomberg


500 Startups appoints Shuaa Capital as advisor to its MENA fund | ZAWYA MENA Edition

500 Startups appoints Shuaa Capital as advisor to its MENA fund | ZAWYA MENA Edition:US-based global venture capital firm 500 Startups has appointed Dubai’s Shuaa Capital as advisor to its Falcons 1 Fund in the Middle East and North Africa (MENA) region.The Dubai-listed firm will focus its support on advising 500 Startups’ Falcons 1 portfolio companies in financing and exit strategies, as the company’s MENA fund nears the end of its deployment.Shuaa will be represented by its chief executive off...
Tags: Travel, US, Middle East, Dubai, Mena, North Africa, Falcons, Rupert Neil Bumfrey, Shuaa, Shuaa Capital, Jassim Alseddiqi