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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


Ghost kitchens are pitching themselves as the future of restaurants. These are the 14 companies in the space that you need to know.

With the pandemic increasing the amount of food delivery and hurting restaurants' bottom lines, buzzy ghost kitchens see an opportunity to grow.  The category had already attracted a lot of interest, notably from Uber co-founder and former-CEO Travis Kalanick, who launched CloudKitchens in 2016.  We compiled 14 of the biggest players in the ghost kitchen world to show the international scope of the budding space. Visit Business Insider's homepage for more stories. The pandemic has closed thou...
Tags: Europe, UK, New York, London, Saudi Arabia, China, Berlin, India, Softbank, New York City, US, Los Angeles, Trends, Atlanta, Spain, Austin


Ghost kitchens are pitching themselves as the future of restaurants. These are the 14 companies — and the money backing them — that you need to know.

With the pandemic increasing the amount of food delivery and hurting restaurants' bottom lines, buzzy ghost kitchens see an opportunity to grow.  The category had already attracted a lot of interest, notably from Uber co-founder and former-CEO Travis Kalanick, who launched CloudKitchens in 2016.  We compiled 14 of the biggest players in the ghost kitchen world to show the international scope of the budding space. Visit Business Insider's homepage for more stories. The pandemic has closed thou...
Tags: Europe, UK, New York, London, Saudi Arabia, China, Berlin, India, Softbank, New York City, US, Los Angeles, Trends, Atlanta, Spain, Austin


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


After 5 Years, Australia Finally Cracked a Drug Kingpin's BlackBerry

"An encrypted BlackBerry device that was cracked five years after it was first seized by police is poised to be the key piece of evidence in one of the state's longest-running drug importation investigations," reports the Sydney Morning Herald: In April, new technology "capabilities" allowed authorities to probe the encrypted device, which was used by one of the alleged kingpins and revealed 3000 messages over a one-month period, a Sydney court has heard. The development has paved the way for t...
Tags: Tech, Sydney, Dubai, Frank Farrugia, Deniz Kanmez, Strike Force Millstream


Horsfield claims Hero Open and maiden win

Sam Horsfield claimed his maiden European Tour title at the Hero Open after showing nerves of steel down the stretch to beat off the challenge of Belgium's Thomas Detry and seal a one-stroke victory.The 23-year-old becomes the first home winner of the Hero Open - formerly the English Open - since Lee Westwood in 1998, and the fifth English winner in total. The win also moves him to the top of the UK Swing ...
Tags: UK, Sport, Golf, Lee Westwood, European Tour, Dubai, Belgium, Evans, Orlando, Tiley, Slattery, Horsfield, Horsey, Sam Horsfield, Cormac Sharvin, Larrazábal Esp


Horsfield leaves the door ajar at Forest of Arden; Sharvin slips back into the pack

Sam Horsfield. Picture: Getty Images Sam Horsfield dropped four shots in his last seven holes to take a slender one-stroke lead into the final round of the Hero Open at the Forest of Arden Marriott Hotel & Country Club.The Englishman started the day in a share of the lead with Spaniard Sebastian Garcia Rodriguez, but after moving six shots clear at th...
Tags: Sport, Golf, Lee Westwood, European Tour, Dubai, Finland, Denmark, Birmingham England, Crocker, Horsfield, Sam Horsfield, Cormac Sharvin, Qualifying School, Sharvin, Slattery Eng, Larrazábal Esp


Money is pouring into ghost kitchens, which some are calling the future of restaurants. These 14 companies stand to gain the most from this hot food concept.

With the pandemic increasing the amount of food delivery and hurting restaurants' bottom lines, buzzy ghost kitchens see an opportunity to grow.  The category had already attracted a lot of interest, notably from Uber co-founder and former-CEO Travis Kalanick, who launched CloudKitchens in 2016.  We compiled 14 of the biggest players in the ghost kitchen world to show the international scope of the budding space. Visit Business Insider's homepage for more stories. The pandemic has closed thou...
Tags: Europe, UK, New York, London, Saudi Arabia, China, Berlin, India, Softbank, New York City, US, Los Angeles, Trends, Atlanta, Spain, Austin


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


Dubai Crown Prince pays hospital bills of Nigerian mother stranded with quadruplets following CNN report

Dubai Crown Prince will pay for the hospital expenses of a Nigerian mother and her quadruplets stranded in the country with mounting medical bills, the hospital said Wednesday.
Tags: Cnn, Dubai, Prince, Dubai Crown Prince


Dubai ruler pays hospital bills of Nigerian mother stranded with quadruplets following CNN report

Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum will pay for the hospital expenses of a Nigerian mother and her quadruplets stranded in the country with mounting medical bills, the hospital said Wednesday.
Tags: Cnn, Dubai, Sheikh Mohammed bin Rashid al Maktoum


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


Brand Moves for Wednesday July 29

Twenty-two weeks ago, when the gravity of the situation became clear, we started daily reporting on how brands were dealing with the COVID-19 crisis. What’s now becoming clear is that the current climate is one of near-perpetual disruption. So we made the decision to keep on telling the stories of inspiring brand leadership and strategy amid the latest crises in an anxious world. Our goal remains the same: to provide an up-to-the-minute source of information, inspiration and insight on brand mo...
Tags: Apple, Europe, California, Amc, Advertising, CMO, Spain, Barcelona, Cta, Mit, Austin, Emirates, Dubai, Marriott, Universal, Sugar


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


Rugby World Sevens: Dubai and Cape Town cancelled because of Covid-19

The Dubai and Cape Town rounds of the 2021 Rugby World Sevens will not be played because of the Covid-19 pandemic.
Tags: News, Dubai, Cape Town


A celebration of our global creativity in 2020

Even though the last few months have been a challenge for all of us, I’m really proud of our teams for making some of our best ever work. As we look ahead to the second half of 2020, I wanted to pause to reflect on the year so far. We’ve made LGBT+ focused initiatives for IKEA and written a love letter from Guinness to the Six Nations . We caused a stir by bringing Global Pride to Animal Crossing . Have taken Audi fans on a four-hour-long soothing road trip from the comfort of their...
Tags: Amazon, New York, Milan, London, Pinterest, Samsung, Social Media, Seo, Thailand, Paris, Shanghai, Sydney, Dubai, Ikea, Lotus, Audi


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


Now Stream This: ‘The Firm’, ‘The Last Dance’, ‘Fear City’, ‘Palm Springs’, ‘Airplane!’, ‘Shattered Glass’, and More

(Welcome to Now Stream This, a column dedicated to the best movies streaming on Netflix, Amazon, Hulu, and every other streaming service out there.) The Firm Now Streaming on Netflix and Amazon Prime Video Release Date: 1993 Genre: Thriller Director: Sydney Pollack Cast: Tom Cruise, Jeanne Tripplehorn, Gene Hackman, Ed Harris, Holly Hunter, Hal Holbrook, David Strathairn The Firm is as solid as a Hollywood thriller gets. The type of movie they don’t really make anymore – a mid-budget pi...
Tags: Amazon, Florida, Hayden Christensen, New York, Hollywood, Movies, Washington, New York City, Time, Los Angeles, Features, Chicago, David, Netflix, Michael Jordan, Sydney


#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


Career-best week for Caldwell at Close House

Renato Paratore. Picture: Getty Images Jonny Caldwell clinched the best finish of his European Tour career in the Betfred British Masters hosted by Lee Westwood and took a small step towards qualifying for the US Open at Winged Foot.As Italian Renato Paratore produced a dominate display of front running to claim his second European Tour title with a t...
Tags: UK, Sweden, US, Sport, House, Golf, Lee Westwood, European Tour, Dubai, Denmark, Jordan, Caldwell, Andy Sullivan, Slattery, J Smith, Cockerill


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


Caldwell happy to be in the mix in Newcastle

Renato Paratore. Picture: Getty Images Clandeboye's Jonny Caldwell remained on track for the best finish of his European Tour career in the Betfred British Masters at Close House.A foursomes partner for world No 2 Rory McIlroy in the 2007 Walker Cup at Royal County Down, the 36-year old is determined to make hay after winning back his card for the fir...
Tags: US, Sport, South Africa, Italy, Newcastle, Golf, Rory Mcilroy, European Tour, Dubai, Denmark, Jordan, Sullivan, Caldwell, Slattery, J Smith, Renato


#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