World travelers looking for a cheap place to stay may want to avoid Geneva, Dubai and Miami. The three cities rank among the most expensive markets for hotel rooms, according to an index compiled by Bloomberg. In Geneva, the average cost for a night is $308, followed by Dubai at $273, Kuwait City at $253 and Zurich at $250. Miami is next as the costliest place for […]
Whoop, whoop: Kathleen Turner and Ian McDiarmid in ‘Bakersfield Mist’ at the Duchess Theatre Photo: Alastair Muir “They applaud, even when it is good,” said Artur Schnabel, the great Austrian pianist. These days, they stand to cheer, even when it is poor. The standing ovation, which used to be a Broadway phenomenon, something we used to snigger at, has become an increasingly unpleasant feature of theatrical life […]
ABU DHABI // The UAE’s support for women in science, technology, engineering and maths (Stem) was discussed at a meeting of the United Nations commission on the status of women. At the session held in New York this year, Dr Lamya Fawwaz, the executive director of public affairs at Masdar Institute of Science and Technology, talked about the participation of women and girls in those areas, including […]
DUBAI // Lebanese and Emiratis in the UAE said they would continue travelling to Lebanon, whether a travel ban was in place or not. Mohammed Al Awadhi, an Emirati from Dubai, said the recently lifted travel advisory put out by the Government was more of a warning for citizens to be careful. “We don’t really feel like it’s a ban,” he said. “My brother-in-law was there two […]
The idea for Sudamed came to doctor-turned-entrepreneur Mazin Khalil two years ago while standing in a hospital reception in Khartoum. He watched a father walk up to the reception with a newborn baby and ask for a particular doctor, only to be told that the doctor was not working until six hours later. Sudamed website Mr. Khalil, 25, saw a simple solution. He set out to create […]
The hotel was honoured at the MENA Travel Awards 2014 and Sharjah Tourism Excellence Award events DUBAI (May 28, 2014) – Ramada Sharjah received two separate accolades honouring its service quality and facilities at the MENA Travel Awards 2014 and Sharjah Tourism Excellence Award this spring. The hotel won its first Silver Award in the ‘Best 4-Star Business/Corporate Hotel’ category at the MENA Travel Awards 2014 on […]
David Cameron could place himself at the head of a movement to halt the European Union steam-roller and turn it around Photo: EPA Earthquake or not, British politics has certainly undergone a seismic change over the past few weeks. Familiar landmarks have vanished, fresh features emerged, and the outlook has fundamentally changed. Let’s start with an intrusion into private grief, and take a long look at the […]
Emaar Properties has secured a $1.5 billion sharia-compliant loan from five local lenders, two banking sources aware of the matter said on Wednesday, the latest Dubai-based borrower to take advantage of buoyant markets to reprice debt. A number of state-linked entities in the emirate have sought to refinance existing debts, even if the loans have years until maturity, as market sentiment towards Dubai improves after its debt […]
Egypt’s apparent low voter turnout in presidential elections could be driven by millions boycotting the process because of objections to the two candidates or simply by apathy to yet another ballot during a tumultuous three years. But wedged in between the boycotters and enthusiastic voters is a group that is carrying on the tradition of spoiling their ballots, often with poignant or whimsical messages to the state. Here’s […]
Although the world’s largest democracy has been hobbled by inflation, a declining currency and difficult business environment, the pro-business Bharatiya Janata Party that just won an epic election in India has engendered optimism that the country can turn around its sagging economic scenario. It’s time to increase your exposure to India’s stock market. The timing is good with equities in India perking up of late, something that […]
In Dubai, a city known for some of the world’s most luxurious hotels and penthouses, developer Union Properties PJSC (UPP) is looking to tap demand from people who want to visit the emirate without breaking the bank. The company plans to build around 1,000 hotel rooms in the next five years to address a shortage in the middle- and lower-end of the market, managing director Ahmad Al […]
WASHINGTON — Solicitor General Donald B. Verrilli Jr. faced a legal and bureaucratic dilemma this year: Obama administration officials could not agree about what he should tell the Supreme Court about a lawsuit in which American victims of terrorist attacks in Israel are suing Arab Bank, the largest financial institution in Jordan. The plaintiffs have accused Arab Bank of providing services to terrorists responsible for the attacks. […]
FlyNas route map from Jeddah. FlyNas website Saudi Arabia’s FlyNas ended the domestic monopoly of the kingdom’s flag carrier Saudia in 2007, and it’s now aiming to break the stranglehold of the long-haul Gulf airlines too. The low-cost operator intends to launch flights from Riyadh to London Gatwick, continuing its plans to build a long-haul operation from the kingdom. The Saudi-based carrier has this year launched flights […]
Bavaguthu Raghuram Shetty moved to the United Arab Emirates from India nearly 40 years ago and made his fortune by building a hospital chain and money exchange group from scratch. Last week, he bought Travelex, the foreign exchange operator, for an undisclosed sum but what is likely the biggest investment of his career. In an interview with The Wall Street Journal, Mr. Shetty said he plans to […]
|By TAP Staff| The listing of Emaar Properties mall business on Dubai Financial Market instead of Nadaq Dubai as originally envisaged would necessitate an exemption from the DFM rule regarding the minimum size of the float. Emaar is floating only 25 percent of the mall business, while the minimum float required for a listing on DFM is 55 percent. Nasdaq Dubai, on the other hand, allows floatation […]
DUBAI // A wish list of 21 requests from Indian expatriates in the UAE was delivered to Narendra Modi’s office on Monday as the Bharatiya Janata Party leader was sworn in as prime minister. It included long-standing demands such as voting rights for non-resident Indians, encouraging investment in infrastructure, joint-venture incentives and exemption from restrictive taxes. “These issues relate to NRIs all over the world, not just […]
Alex Salmond’s miscalculation gave No voters a perfect excuse to vote Ukip Photo: Christopher Pledger/Telegraph Has Alex Salmond lost it? The question becomes especially pertinent in the light of the SNP leader’s extraordinary reaction to his party’s decidedly underwhelming result in the Euro-elections. It is one thing for party bosses to be disappointed when their charges perform less well than anticipated. However, it is entirely another when they […]
Saudi Arabian Mining Co, or Ma’aden, has appointed HSBC Saudi Arabia as financial advisor for its planned 5.6 billion riyals ($1.49 billion)rights issue, the company said in a statement on Monday. Ma’aden had earlier this month said it was seeking shareholder approval for a capital increase to fund the expansion of its phosphate and gold operations, as well as increase funding for its aluminium business. The company […]
ABU DHABI // Doctors will soon be able to issue repeat prescriptions for up to a year to save thousands of patients costly and time-consuming hospital visits. Patients with a long-term reliance on medication for conditions such as diabetes and hypertension have to visit a doctor every time they need a prescription. But health chiefs are now in the final stages of implementing a refill policy, so […]
A Dubai-based startup has raised $1.6 million in new funding to help launch its software that better connects social media users and the brands they follow. Brndstr Inc. (pronounced ‘brandster’) uses software that allows the brand’s Twitter accounts to automatically respond to #hashtags with offers and vouchers. For example, if a Twitter user retweets a brand’s tweet, then that user can automatically be sent a voucher giving […]
CAIRO — Voters around the capital lined up Monday morning to cast ballots in an election universally expected to make Abdel Fattah el-Sisi the next president of Egypt, turning out to show their support in a contest where turnout is the biggest question. In an interview on a pro-Sisi talk show Sunday evening, Abdel Aziz Salman, the general secretary of the High Presidential Election Commission, said that […]
|By K Raveendran| It is indeed a milestone in the history of UAE’s expatriate business. The purchase of a controlling stake in Travelex by Dr B R Shetty is easily the biggest acquisition by an expatriate both in terms of its value and profile. It is also perhaps the biggest global brand acquired by a UAE-based Indian entrepreneur. There have been buyouts of higher values, but these […]
Asian shares hit one-year high on Monday thanks to a strong session on Wall Street and a decisive win for billionaire Petro Poroshenko in Ukraine’s presidential election. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.15 percent while Japan’s Nikkei share average gained 0.7 percent to hit one-month high. Investors took their cue from upbeat U.S. hosing data on Friday, with sales of new single-family homes […]
BANHA, Egypt — His face smiles down from campaign banners everywhere, but splashes of red paint have bloodied a few. Abdel Fattah el-Sisi, the former army field marshal who led the military takeover last summer, is certain to win a landslide victory in the pro forma presidential election on Monday and Tuesday. But in this town about 30 miles north of Cairo, the mood is a discordant […]
