By James Drummond in Abu Dhab http://www.ft.com/cms/s/0/43b48840-4b1f-11dd-a490-000077b07658.html Published: July 6 2008 20:43 | Last updated: July 7 2008 18:38 Abu Dhabi has reignited speculation that the United Arab Emirates may break its fixed peg to the US dollar. The UAE is one of the world’s main holders of dollar-denominated assets. In a report published […]
Gulf countries to earn $1b surplus a day from oil Gulf countries are likely to earn export surplus of $1 billion (about Dh3.67 billion) a day if the oil prices remain above $135 (about Dh496) a barrel, according Global banking major Merrill Lynch.
Arab News – 09 July, 2008 www.gulfinthemedia.com/index.php?id=415219&news_type=Top&lang=en& Around 3,000 Indian workers were detained at an undisclosed location on the outskirts of the UAE capital on charges of arson and rioting. The workers of a large ceramics manufacturing unit in the emirate of Ras Al-Khaimah were rounded up by security agencies after they went on […]
Emirates Islamic Bank Introduces The Emirates MENA CPPI Note Dubai, UAE – July 8, 2008: Emirates Islamic Bank (EIB), one of the leading Islamic financial institutions in the region, has added to its portfolio of innovative investment offerings yet another unique product; the Emirates MENA CPPI Note, a 3 year Shari’a compliant structured note […]
Japan Should Take Steps to Attract Sovereign Funds, Panel Says Written on July 7, 2008 Japan should adopt measures aimed at attracting more of the almost $3 trillion managed by sovereign wealth funds, a trade ministry report said. The nation must welcome state funds that “have no political purposes and invest for the long term,” […]
Emirates launches nonstop service from Dubai to California… Posted on: July 7th, 2008 by Katy Davies Emirate Airline has recently completed a tour of road shows along the west coast of the US, promoting the world’s first ever non-stop service from Dubai to Los Angeles International and San Francisco International airports. The shows featured the […]
More photos of the Muslims in Paris, from the “religion of peace” Paris EUROPLACE International Financial Forum welcomes GCC delegation, cooperation and investment http://www.ameinfo.com/162596.html The rise in importance in Gulf region Sovereign Wealth Funds has been ongoing for some months but yesterday at the International Financial Forum in Paris, staged by Paris EUROPLACE, the organisation […]
http://www.gulfnews.com/nation/Society/10226284. « Previous 1 of 4 Next » Hadrian Hernandez/Gulf News Senator Estrada with Imelda Marcos, recipient of a free ticket. Senator helps 30 stranded Filipina maids with air tickets By Hadrian Hernandez, Staff Photographer Published: July 04, 2008, 23:41 Dubai: Philippine Senator “Jinggoy” Ejercito Estrada on Friday gave away free air tickets to […]
Oil fuels fledgling defence industry Ivan Gale http://www.thenational.ae/article/20080701/BUSINESS/792148507/0/NEWS Last Updated: July 01. 2008 9:53PM UAE / GMT New venture: The UAE is at the centre of many important defence-related projects including the IDEX Show (above). Weapons development could soon emerge as an important national industry. Reuters ABU DHABI // Firearms, munitions and laser-guided rockets […]
GCC oil revenues are unprecedented Gulf nations embark on spending spree of billions of dollars, but face growing inflation as result. KUWAIT CITY – Buoyed by record oil earnings, Gulf nations have embarked on a spending spree with hundreds of billions of dollars worth of projects but are also facing growing inflation as a […]
First Published 2008-06-30 http://www.middle-east-online.com/english/?id=26668 A unprecedented step to a complete press freedom in UAE (We will have to see if this is true. We must monitor to see if women, and activists can actually talk about human and womn’e rights abuses. Can women write freely in the UAE? This is DAWA and propaganda) comments by […]
hat tip-Margo I Galveston lawyer Anthony G. Buzbee said if Nabulsi prevails, he’ll target Issa’s U.S. assets — which could include parts of the Abu Dhabi Investment Authority. Worth about $875 billion, it is the largest sovereign wealth fund in the world. Houston man says he was tortured for videos-Lawsuit targets part of United […]
Investment UAE and Germany to increase investment Staff Report Published: June 13, 2008, 00:03 Dubai: A UAE delegation led by Sultan Bin Saeed Al Mansouri, Minister of Economy, attended the 7th session of the UAE-German Joint Commission on Economy, Trade and Technical Cooperation held in Berlin, Germany, from June 9 to 10. Dr. […]
Visit visa to the UAE will cost Dh500 from August 09 June 2008 http://www.zawya.com/printstory.cfm?storyid=ZAWYA20080609042729&l=042700080609 Abu Dhabi: Visit visas to the UAE will cost Dh500 from August 1 following the revamp of the structure and charges of entry documents in line with a cabinet decision, a senior official said. New types of visas have […]
[06/11/2008 – 11:53] Items from Brazil attracted attention at the Hotel Show, a trade fair for the sector that ended yesterday in Dubai and counted on the participation of four Brazilian companies. Showrooms in the emirate displayed interest in representing Brazilian products. Geraldo Costa In the Brazilian stand at the Hotel Show, over 160 promising […]
WHY BLOW UP WHAT YOU CAN BUY UP? Youssef Ibrahim notes: www.defenddemocracy.org When you think that a country like the United Arab Emirates … is sitting on the largest sovereign fund in history, something approaching almost $800 billion – it’s a country of just 5.5 million people, of whom only 1.5 million are UAE citizens. […]
Gulf News Archive Companies will need to deposit Dh75,000 to obtain a licence to bring tourists into the country, says Lieutenant General Mohammad Salem Al Khaili. By Rayeesa Absal, Staff Reporter Published: June 08, 2008, 23:39 Abu Dhabi: All visitors to the UAE will be required to have health insurance once the new […]
Dependence On Middle East Energy And Its Impact On Global Security Gal Luft June 2nd 2008 Cutting Edge Contributor “We do have to do something about the energy problem. I can tell you that nothing has really taken me aback more, as Secretary of State, than the way that the politics […]
Global Investment Symposium in Dubai, UAE in October 2008 2008-06-05 Business Wire http://www.blackenterprise.com/yb/ybopen.asp?section=ybaa&story_id=118000945&ID=blackenterprise Floyd Associates, a privately held consulting firm with operations in corporate finance, business strategy, investment banking, and mergers & acquisitions, and Emirates Capital in partnership with Nortia Capital, are proud to announce their inaugural Global Investment Symposium. The Conference Will be […]
e-poll http://www.thenational.ae/article/20080604/BUSINESS/171492368/1118&Profile=1118 Do you believe that investment from the Gulf is truly welcome in the US?Yes 16.67% No 75% Not sure 8.33
Investment By Shakir Husain, Staff Reporter Published: June 04, 2008, 00:11 Dubai: A leading UAE bank and two investment firms are keen to provide loans to Sudan for the new $2.5-billion Khartoum International Airport, a Sudanese official said. The Sudanese government is expected to award the contract for building the airport in August. Saudi […]
Published by imran on June 4, 2008 in Finance . Tags: islamic capital market, islamic finance, sukuk. Two Gulf borrowers are planning to sell ringgit Islamic bonds in Malaysia, in the latest move that highlights the rising cost of borrowing in US dollars, the previous Islamic bond denomination of choice. A global credit crunch has […]
01 June 2008 http://tinyurl.com/6z9t5y Citibank signs up with Emcredit for credit information services Emcredit, the UAE’s first private credit information services company, announced today that it will provide credit information and risk assessment services to Citibank. In the initial phase of the agreement, Citibank will utilise Emcredit’s emBounce services to gain better perspective on the […]
UAE seeks Russian mediation in islands row with Iran Agence France-Presse – 25 May, 2008 www.gulfinthemedia.com/index.php?id=404539&news_type=Top&lang=en Federal National Council The United Arab Emirates has sought Russian mediation with Iran to persuade it to discuss the status of three Gulf islands controlled by Tehran and claimed by the UAE, an Emirati official said Saturday. The request […]
Hezbollah image in Arab world less shiny Email Picture Mahmoud Zayat / AFP/Getty Images SUPPORT: Backed by a portrait of Sheik Hassan Nasrallah, Hezbollah’s chief, a Lebanese boy wields the flag of the Shiite militant group during a ceremony in the southern town of Nabatiyeh. The Shiite militant group’s temporary takeover of West Beirut and […]
UAE, France lay ground for nuclear partnership (Wam) 22 May 2008 http://tinyurl.com/5mzqgy PARIS — French President Nicolas Sarkozy received here yesterday His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai. A source at the Elysee Palace said after the talks […]
http://tinyurl.com/5aea7q Waistlines widen in Gulf states as economies grow By Ryan Harrison on Friday, May 09, 2008 The UAE’s economic boom has been rivalled only by the rapidly expanding waistlines of its residents, which have left in their wake an over-stretched healthcare sector hungry for investment. Enormous prosperity has bred a changing culture […]
Workers demand ‘overtime’ money By Diaa Hadid, http://archive.gulfnews.com/indepth/labour/Pay_and_conditions/10035608.html Published: April 26, 2006, 00:00 Dubai: Construction workers protested yesterday morning ostensibly demanding overtime payments, but officials told Gulf News they were being “incited” to protest. Sources said about 400 workers were demanding overtime money. Lieutenant Riyad Al Shafi from Dubai police’s human rights […]
Stanchart opens its largest trading floor in Middle East Standard Chartered bank has opened its largest trading floor in the Middle East at the Dubai International Financial Centre (DIFC), the global financial hub. From correspondents in Emirates, United Arab Emirates, 29 Apr 2008 4:01 PM – (www.indiaenews.com) Standard Chartered bank has opened its largest […]
Two thirds of unemployed are women http://archive.gulfnews.com/indepth/labour/Emiritisation/10059338.html By Abbas Al Lawati and Wafa Issa, Staff Reporters Published: August 11, 2006, 00:00 Dubai: Women make up approximately half of the national population in the UAE and are less than a quarter of the national workforce. Yet, they make up more than two-thirds of the […]
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