Posts filtered by tags: United Arab Emirates[x]


 

Gulf banks put brakes on lending as dollar liquidity crunch looms - Reuters

Gulf banks put brakes on lending as dollar liquidity crunch looms - Reuters:Gulf banks are limiting their lending to minimize potential losses from the coronavirus crisis and an expected squeeze in dollar liquidity in the oil reliant region, some bankers say.Like banks around the world, Gulf lenders face an expected drop in loan growth in crisis-affected industries such as retail, tourism and transport, but they must also navigate the impact of plunging crude prices on the region.Restricting len...
Tags: Travel, United Arab Emirates, Gulf, Reuters, Rupert Neil Bumfrey


MIDEAST STOCKS-Gulf markets fall on oil slide, recession fears | Nasdaq

MIDEAST STOCKS-Gulf markets fall on oil slide, recession fears | Nasdaq:Gulf stock markets fell on Wednesday as oil prices slipped and prospects of a deep global recession due to the fast-spreading coronavirus outbreak rattled investors.Brent crude LCOc1 declined $1.02, or 3.9%, to $25.33 a barrel by 0643 GMT.The Dubai stock index .DFMGI lost 1.9%, dragged by a 3.6% fall in Dubai Islamic Bank DISB.DU and a 4.1% slide in Emaar Properties EMAR.DU.The Abu Dhabi index .ADI lost 0.6%. Top lender Firs...
Tags: Travel, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Interior Ministry, Emaar, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, First Abu Dhabi Bank, DFMGI, Dubai Islamic Bank DISB DU


Coronavirus live news: rise in Italy and US deaths takes global confirmed toll past 40,000

Worldwide confirmed cases pass 800,000 as Spain and Russia report record single-day death tolls and Mexico wakes to state of emergencyUK coronavirus - latest updatesUS coronavirus - live updatesChina and Korea delay college exams to get lid on coronavirusNew study reveals increased risks from middle ageSee all our coronavirus coverage 6.24pm BST The US has more confirmed cases of coronavirus infection than China, according to official statistics given by both countries that in all likelihood...
Tags: Europe, Science, Mexico, China, Russia, India, Africa, US, Spain, UK News, World news, US news, Medical Research, Asia Pacific, Middle East and North Africa, South and Central Asia


Push to kickstart ravaged seafood export trade amid coronavirus restrictions

Government to appoint former Linfox chief to lead $110m effort to work out how freight flights can get Australian shipments overseasCoronavirus Australia maps and cases: live numbers and statisticsSign up for Coronavirus: Australia at a glance, our daily email newsletterThe Morrison government will allocate $110m in an effort to restart Australia’s stalled seafood export trade, creating a new freight assistance mechanism to try to recommence local shipments to China, Japan, Hong Kong, Singapore ...
Tags: Australia, China, International Trade, Australia news, Asia Pacific, Australian politics, United Arab Emirates, Morrison, Byrne, Linfox, Michael Byrne, Coronavirus outbreak, China Japan Hong Kong Singapore, Toll Holdings, Austrade


United Arab Emirates: Force Majeure And Commercial Contracts From A UAE And English Law Perspective - Gowling WLG

With the current global issues caused by "COVID-19" including the closure of certain borders, we thought it would be helpful to outline the key differences in approach under UAE and English Law to force majeure clauses.
Tags: News, United Arab Emirates, Uae


Manufacturing turns local in Gulf as coronavirus disrupts supply chains

Three weeks ago Fahmi al-Shawwa's 3D printing workshop in Dubai was making parts for the Gulf oil and gas industry, now his machines churn out thousands of medical face visors to help the United Arab Emirates battle the coronavirus.
Tags: Money, businessNews, United Arab Emirates, Dubai, Gulf, Fahmi al Shawwa


#UAE's Dana Gas explores spin-off and listing of upstream business - Reuters

UAE's Dana Gas explores spin-off and listing of upstream business - Reuters:United Arab Emirates’ Dana Gas is considering spinning off its upstream business and listing the unit on the Abu Dhabi Securities Exchange, the Sharjah-based energy company said on Tuesday.Dana Gas, which operates concessions Iraq’s Kurdish region and Egypt, said it was studying a potential demerger of the business into a new company, according to a statement to the stock exchange.Should the transaction succeed, sharehol...
Tags: Travel, Iraq, Egypt, United Arab Emirates, Uae, Sharjah, Reuters, Dana Gas, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey


#Saudi, #UAE businesses battle cash crunch despite anti-coronavirus stimulus - Reuters

Saudi, UAE businesses battle cash crunch despite anti-coronavirus stimulus - Reuters:Saudi Arabia and the United Arab Emirates are spending tens of billions to prop up their economies during the coronavirus crisis and oil price slump but the scaling back of state projects is blunting the impact.The pain felt by the tourism, retail, hospitality and logistics sectors due to global travel disruptions and closure of most public venues is spreading to the contracting and oil services industries in th...
Tags: Travel, Saudi Arabia, United Arab Emirates, Mecca, Uae, Medina, Reuters, Riyadh, Saudi Binladin Group, Rupert Neil Bumfrey, MOBCO Civil Construction, Riyadh Mecca


MIDEAST STOCKS-Weak oil, fears of prolonged lockdowns weigh on Mideast | Nasdaq

MIDEAST STOCKS-Weak oil, fears of prolonged lockdowns weigh on Mideast | Nasdaq:Most bourses in the Middle East fell on Monday, weakened by a combination of lower oil prices and intensified fears that the global coronavirus shutdown could last for months.Brent crude LCOc1, the international benchmark for oil prices, was down $1.92, or 7.7%, at $23.01 by 1027 GMT, after earlier dropping to $22.58, the lowest since November 2002.In Abu Dhabi, the index .ADI sank 3.5%, with its top lender First Abu...
Tags: Travel, Qatar, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Mideast, Qatar National Bank, Emaar, Rupert Neil Bumfrey, First Abu Dhabi Bank, Dubai Islamic Bank DISB DU, Etisalat ETISALAT, Qatar Islamic Bank QISB


Saudi, UAE businesses battle cash crunch despite anti-coronavirus stimulus

Saudi Arabia and the United Arab Emirates are spending tens of billions to prop up their economies during the coronavirus crisis and oil price slump but the scaling back of state projects is blunting the impact.
Tags: Money, Saudi Arabia, businessNews, United Arab Emirates, Uae


United Arab Emirates: Coronavirus Outbreak - Impact On Regional (Re)insurance & Coverage Issues - BSA Ahmad Bin Hezeem & Associates LLP

World Health Organisation (WHO) have officially declared COVID-19 as a pandemic. BSA have already received several instructions regarding coverage advice related to matters arising from the coronavirus.
Tags: News, United Arab Emirates, Bsa, World Health Organisation WHO, Associates LLP, Ahmad Bin Hezeem, COVID


United Arab Emirates: Dubai Courts Postpone All Judicial Hearings - BSA Ahmad Bin Hezeem & Associates LLP

Dubai courts in its Resolution No. 30 of 2020 issued on March 17, 2020 concerning the adjournment of judicial hearings and working remotely decided on postponing all judicial hearings for the Court of Cassation.
Tags: News, United Arab Emirates, Dubai, Associates LLP


United Arab Emirates: DIFC Courts To Operate Remotely - BSA Ahmad Bin Hezeem & Associates LLP

In an effort to protect the health and wellbeing of the Judges, Registry Team and Court Users, DIFC Courts in a communication sent on Tuesday March 17, 2020 to all Registered Practitioners and Court Users.
Tags: News, United Arab Emirates, Associates LLP, Ahmad Bin Hezeem, Judges Registry Team


United Arab Emirates: DIFC Wills Service Centre To Stop Appointments - BSA Ahmad Bin Hezeem & Associates LLP

As a result of the developing COVID-19 situation, the DIFC Wills Service Centre has made the decision to stop accepting appointments at their offices from now until April 26th 2020.
Tags: News, United Arab Emirates, Associates LLP, Ahmad Bin Hezeem, DIFC Wills Service Centre


India: UAE Notified As A Reciprocating Territory Under Section 44A Of Civil Procedure Code - Dhaval Vussonji & Associates

The purview of this article is the impact of addition of United Arab Emirates to the notification dated 17th January 2020 G.S.R 38 (E) issued by Ministry of Law and Justice.
Tags: News, India, United Arab Emirates, Uae, Associates, Ministry Of Law


Coronavirus live news: France death toll passes 2,000 while 90,000 cases confirmed in Italy

All non-essential workers in Spain ‘must stay at home’ and Trump considers New York quarantine. Follow the latest updatesCoronavirus latest: at a glanceDeaths in Italy pass 10,000Patients in UK intensive care have 50% survival rateSee all our coronavirus coverage 7.18pm GMT Italian PM is approving new legislation to make €4.7bn available to cities in Italy affected by coronavirus, Sky News have just announced.Meanwhile, the Italian economic minister says Europe will need a package like that ...
Tags: Hong Kong, Europe, Japan, UK, New York, Science, France, China, Qatar, Spain, UK News, World news, Australia news, US news, Asia Pacific, Infectious Diseases


United Arab Emirates: Tax Representation Boost For TMF UAE Clients - TMF Group

TMF UAE is now an accredited tax agent and can act as a tax representative for clients doing business in the Emirates.
Tags: News, United Arab Emirates, TMF UAE Clients TMF Group


Virus Onslaught Deepens Gulf Disquiet Over #Saudi Oil-Price War - Bloomberg

Virus Onslaught Deepens Gulf Disquiet Over Saudi Oil-Price War - Bloomberg:Saudi Arabia’s oil-price war with fellow exporting giant Russia bewildered the kingdom’s Gulf allies, unexpectedly shattering their fiscal defenses just when they’re most needed to combat the coronavirus.The United Arab Emirates and Kuwait, along with smaller neighbors, want a return to talks among the OPEC+ cabal of oil powers but the central protagonists, including Crown Prince Mohammed bin Salman, are digging in.As the...
Tags: Travel, Saudi Arabia, Russia, Opec, Bloomberg, United Arab Emirates, Kuwait, Gulf, Mohammed bin Salman, Rupert Neil Bumfrey


Virus Onslaught Deepens Gulf Disquiet Over Saudi Oil-Price War

(Bloomberg) -- Saudi Arabia’s oil-price war with fellow exporting giant Russia bewildered the kingdom’s Gulf allies, unexpectedly shattering their fiscal defenses just when they’re most needed to combat the coronavirus.The United Arab Emirates and Kuwait, along with smaller neighbors, want a return to talks among the OPEC+ cabal of oil powers but the central protagonists, including Crown Prince Mohammed bin Salman, are digging in.As the pandemic shuts down major chunks of the global economy, tha...
Tags: News, Congress, Washington Post, Washington, Saudi Arabia, White House, Iraq, Russia, Opec, Bloomberg, Iran, Vienna, Middle East, United Arab Emirates, Dubai, Moscow


United Arab Emirates: Digital Fraud In Family Law (Video) - Expatriate Law

In this video, Byron James, Partner and Barrister at Expatriate Law, discusses with Ben Fearnley of 29 Bedford Row and Helen Brander of Pump Court Chambers on how to deal with digital fraud...
Tags: News, United Arab Emirates, Bedford, Ben Fearnley, Byron James Partner, Helen Brander


Half-Million People Infected With COVID-19 Worldwide

The human and economic toll of the lockdowns against the coronavirus mounted Thursday as India struggled to feed the multitudes, Italy shut down most of its industry, and a record-shattering 3.3 million Americans applied for unemployment benefits in a single week. As the number of infections worldwide reached a half-million and deaths climbed to about 23,000, the damage to people’s livelihoods and their well-being from the effort to flatten the rising curve started to come into focus. In Indi...
Tags: Europe, New York, London, News, Washington, Senate, China, Berlin, India, New York City, Africa, Georgia, Spain, Rome, South Africa, House


UAE orders overnight curfew for deep clean, Gulf coronavirus cases rise

The United Arab Emirates directed most of the public and private sectors to have the majority of staff work from home, and imposed overnight curfews as a temporary measure this weekend for a nationwide disinfection to combat the coronavirus. Only essential service workers would be allowed out and violators will face fines, a security forces spokesman said in a press conference on Thursday. The UAE has slowly followed other Gulf states in suspending passenger flights and closing public venues s...
Tags: News, United Arab Emirates, Uae, Gulf


Clashing UAE and Saudi interests are keeping the Yemen conflict alive

As the fifth anniversary of the Saudi and Emirati coalition intervention dawns, the prospect of peace is further away than everAisha al-Temmimi, 21, has never adjusted to the dust and heat of the Yemeni desert city of Marib. Her family are from the lush green highlands of Hajjah in the country’s north, but were forced to leave after fighting between the Iran-backed Houthis and government forces reached their village two years ago.Marib, already rich in oil and gas reserves, has become something ...
Tags: Saudi Arabia, World news, Iran, Middle East and North Africa, United Arab Emirates, Yemen, Uae, Marib, Emirati, Hajjah, Temmimi


United Arab Emirates: Coronavirus Outbreak – Impact On Regional (Re)Insurance & Coverage Issues - BSA Ahmad Bin Hezeem & Associates LLP

World Health Organisation (WHO) have officially declared COVID-19 as a pandemic. BSA have already received several instructions regarding coverage advice related to matters arising from the coronavirus
Tags: News, United Arab Emirates, Bsa, World Health Organisation WHO, Associates LLP, Ahmad Bin Hezeem, COVID


Yemen war: Five years on, rebels stronger than ever

Five years after Saudi Arabia intervened in Yemen's civil war, leading a military coalition to prop up the government which had been driven out of its capital, the Huthi rebels are only stronger, more resilient and gaining ground. The Iran-aligned insurgents' capabilities have developed in the past year, with attacks on strategic targets in Yemen and neighbouring Saudi Arabia using sophisticated drones. Experts say that pressure on the Saudis to reduce civilian casualties in air strikes, a dra...
Tags: News, Saudi Arabia, Iran, United Arab Emirates, Yemen, Huthi


Mideast Stocks: Most major Gulf indexes rebound in line with oil, global stocks | ZAWYA MENA Edition

Mideast Stocks: Most major Gulf indexes rebound in line with oil, global stocks | ZAWYA MENA Edition:Most major bourses in the Gulf rebounded on Tuesday, mirroring gains in oil and global equities, as investors pinned hopes on unprecedented stimulus steps by the U.S Federal Reserve to ease strains in financial markets amid the coronavirus pandemic.In its latest mould-breaking step, the Fed offered to buy unlimited amounts of assets to steady markets and expanded its mandate to corporate and muni...
Tags: Travel, United Arab Emirates, Abu Dhabi, Uae, Gulf, Fed, Mideast, U S Federal Reserve, Rupert Neil Bumfrey, First Abu Dhabi Bank


#UAE closing airports on Tuesday, a day earlier than first announced | ZAWYA MENA Edition

UAE closing airports on Tuesday, a day earlier than first announced | ZAWYA MENA Edition:United Arab Emirates will suspend all passengers flights in and out of the Gulf Arab state on Tuesday night, Dubai Airports said on its website, indicating it would take place 24 hours earlier than initially announced."The decision has been made by the UAE authorities to suspend all inbound and outbound passenger flights, and the transit of airline passengers in the UAE,” the state operator said, adding the ...
Tags: Travel, United Arab Emirates, Uae, Gulf Arab, Rupert Neil Bumfrey, Dubai Airports


IMF warns of 'wide reverberations' as coronavirus risks job losses, bankruptcies in Middle East | ZAWYA MENA Edition

IMF warns of 'wide reverberations' as coronavirus risks job losses, bankruptcies in Middle East | ZAWYA MENA Edition:As  the coronavirus infections continue to spread at alarming levels, the International Monetary Fund (IMF) has called on governments in the Middle East for urgent economic policy actions and warned that the health crisis, coupled with the oil price plunge, could significantly drag growth and lead to job losses and bankruptcies.The key job-rich sectors in the region, including the...
Tags: Travel, Egypt, Middle East, United Arab Emirates, Uae, Imf, Central Asia, International Monetary Fund IMF, Rupert Neil Bumfrey, Azour, Jihad Azour IMF


#AbuDhabi’s Etihad says only #UAE citizens or diplomats to board its flights from overseas - tweet - Reuters

Abu Dhabi’s Etihad says only UAE citizens or diplomats to board its flights from overseas - tweet - Reuters:Abu Dhabi’s Etihad Airways said on Monday that effective immediately only citizens of the United Arab Emirates or diplomats will be able to board its flights from overseas destinations and only if their final destination is Abu Dhabi, the airline said on twitter.The UAE is suspending all passenger flights for two weeks from Wednesday to contain the spread of the coronavirus. [Author: no...
Tags: Travel, United Arab Emirates, Abu Dhabi, Etihad, Uae, Reuters, Etihad Airways, Rupert Neil Bumfrey


U.S. and U.A.E. Troops Hold Major Exercise Amid Virus and Iran Tensions

The biennial exercise, called Native Fury, shows the close ties between American forces and the U.A.E.
Tags: News, United Arab Emirates, United States Army, United States Navy, United States Marine Corps, Coronavirus (2019-nCoV, Iran Tensions