DOCSLIB.ORG

Abu Dhabi's Trade in Precious Metals Hits AED5.42Bn in Q1

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Abu Dhabi's Trade in Precious Metals Hits AED5.42Bn in Q1 09 jUNE 2020 | 17 SHAwwAl 1441 HIjRI | VOlUME NO. 07 | ISSUE 233 /emiratesbusiness.ae @emi_business emirates-business.ae oP-ED PAGE 04 FOREX (AED) ENERGy TEN TOLA GOLD STOCK MARKET INDEX uSD 3.6800 YEN 0.0339 B r e n t Crude $41.05/bbl buLLION Why Mullen and Mattis broke their silence? Abu Dhabi - ADX 4,369.08 EuRo 4.1652 CHF 3.8526 W T I C r u de $38.22 /bbl Many former colleagues of US ex-defense secretary wondered whyhe had not already made a statement like retired Navy GBP 4.6856 CAD 2.7630 N a t u r a l G as $1.78 /MMBtu Dubai - DFM 2,164.08 admiral’s , writes DAVID IGNATIUS PRECIOUS METALS EuroPE PAGE 07 New york - NYA 12,736.57 EXCHANGE RATE Sri Lankan Rs 50.19 Gold $1,696.10/t oz sweden steps up efforts to vet foreign takeovers Indian Rs 20.45 P h i l i p p i n e P eso 13.35 Gold-Dubai AED204.75/gm Buy for London - UKX 6,472.59 Bangladesh Taka 22.32 (AED) 23,882.04 The move is in line with developments in EU nations amid concerns Pakistani Rs 43.36 Silver $17.70/t oz that they risk losing control of sensitive technology and infrastructure Tuesday Price UAE: AED 2 Covid-19 RestRiCtions eAsed in indiA National banks net foreign assets reach AED 79.8bn in four months The growth stems from rise in total balance of foreign assets of these lenders to AED684.8b during the period Abu DhAbi / WAM The rise in foreign assets The net foreign assets held by the UAE national banks grew balance is reflective 17.5 percent to AED79.8 bil - of strong financial profile lion during the first fourth boasted by Emirati banks months of this year as com - which accounted for pared to December 2019, statistics by the central bank 84% of total cumulative of the UAE shows. balance of foreign assets The growth stems from the held by all UAE-based increase in the total balance lenders during first four of foreign assets of these banks to AED684.8 billion cent of the total cumulative months of 2020 during the reference period, balance of foreign assets held according to the apex bank's by all UAE-based banks dur - figures. ing the reference period, AED 659.55 billion in Janu - The rise in the foreign as - which are estimated at ary, hitting some AED667.7 sets balance is reflective of around AED814.9 billion. billion in February, before de - A manager checks the temperature of an employee before opening the salon for services in Kolkatta, as the Indian government the strong financial profile On a month-to-month clining to AED665.45 billion allowed shopping malls, salons, shops and restaurants to reopen under strict protocols amidst rising cases of the coronavirus (Covid-19) in the country —DPA boasted by the Emirati banks basis, the total balance of in March, then climbed to which accounted for 84 per - these assets stood at around AED684.8 billion in April. tRAding in precious metals and gemstone in the UAe is expected to witness remarkable growth UAE stocks secure massive gains of AED16.4 billion Abu DhAbi / WAM The growth was spurred by a buying spree that selec - Abu Dhabi’s trade in precious Upbeat sentiments triggered tively targeted blue chips and by improved performance generated AED800 million in across all global stock mar - liquidity over 537 million kets saw UAE's twin bourses' shares through 10,124 deals. general indices surging and The bullish trend saw the metals hits AED5.42bn in Q1 gaining to the tune of DFM’s General Index rising AED16.4 billion at the close 2133 pts, or 4.60% over the The results reflect the soaring increase in the economic activities witnessed of Sunday's session. last trading session. by the emirate despite the current challenges the world is going through Abu DhAbi / WAM n The trade in precious The value of Abu Dhabi trading FAB issues HKD750m in precious metals and gem - metals and gemstone stone increased to AED5.42 bil - sees a 34.4% growth in lion within the first quarter of Q1 of 2020 compared to five-year ‘green bond’ the current year 2020 with a same interval of 2019 Abu DhAbi / WAM rate of 34.4 percent compared to the same interval of 2019 es - estimated at AED4.03bn First Abu Dhabi Bank (FAB) timated at AED4.03 billion ac - has successfully issued a cording to Abu Dhabi General n Value of exports in the landmark HKD750 million Administration of Customs. sector was estimated five-year Green Bond Such increase in Abu Dhabi through a private placement. trading in precious metals and at AED3.10bn and In a statement by the bank gemstone is backed by an in - re-exporting estimated on Monday, this deal repre - FAB has a clear crease in imports estimated at at AED131.08mn sents the first Green Bond is - track record when suance by a Mena issuer it comes to green The increase in Abu Dhabi denominated in Hong Kong finance and we are Trading in precious metals Dollars (HKD) and the first trading in precious metals, gemstone represents one of the Green Bond in HKD by an off - immensely proud to gemstone during Q1 Trading in precious metals, gemstone represents one of the most important sectors supporting efforts for economic diversification and non-oil foreign trade promotion of Abu Dhabi most important sectors sup - shore financial institution. continue our leading is backed by a rise in porting efforts for economic di - Rula AlQadi, Head of Group work in this vital and imports estimated at on Monday. the current challenges the versification and non-oil foreign Funding at FAB, said, "FAB burgeoning field Meanwhile, value of exports world is going through, the trade promotion of Abu Dhabi. has a clear track record when AED2.19bn compared to was estimated at AED3.10 bil - statement continued. The emirate of Abu Dhabi it comes to green finance and Rula AlQadi, Head of AED514.55mn in same lion and re-exporting estimated "Abu Dhabi General Adminis - turned out to be the main centre we are immensely proud to Group Funding at FAB interval of 2019 at AED131.08 million. tration of Customs cares for for such kind of trading which is continue our leading work in Abu Dhabi trading in precious enhancing its efforts and per - expected to witness remarkable this vital, burgeoning field. metals and gemstone across forming its duties in serving the growth and more demands Achieving the first HKD-de - FAB is a pioneer in Green AED2.19 billion comparable to emirate’s harbour, air and land national economy and the soci - within the coming interval what nominated Green Bond by a Bonds, being the first and AED514.55 million in the same ports reflects the soaring in - ety and facilitating trading establishes the leading position Mena issuer is another mile - only financial institution interval of 2019, the customs ad - crease in economic activities movement throughout its of the UAE on the map of stone achievement for the from the Mena region to have ministration said in a statement witnessed by Abu Dhabi despite customs centres," it added. precious metals trading. bank." issued in this format. UAE issues 196 Shams-Mashreq deal to e-commerce Oil advances near $43 after support SMEs in Sharjah licences in May Opec+ extends output cuts ShARJAh / WAM Abu DhAbi / WAM Sharjah Media City, known as The e-commerce business The cartel and its allies have promised stricter compliance Shams, and Mashreq Bank, sector was issued the high - to ensure members don’t pump more than they pledged one of the leading financial est number of licences in the institutions in the UAE, have UAE in May. BlooMBerg announced a strategic partner - Data from the National The leaders of ship to boost entrepreneurship Economic Register, in coor - Oil rose to trade near $43 a bar - Mashreq will provide Opec and its allies and support business owners dination with relevant eco - rel in London after Opec and its have showed their in Sharjah. Shams SMEs full support nomic authorities, showed allies agreed to extend historic The two entities signed a to open a NEOBiz digital that 196 licences were is - output curbs by an extra month, commitment to Memorandum of Understand - sued for e-commerce retail promising stricter compliance shore up oil ing (MoU) that will solidify bank account to kick-start businesses in May. to ensure members don’t pump their business, while also markets globally this collaboration and enable The first five months of more than they pledged. over the weekend Shams to leverage Mashreq’s providing advice to help the year saw a 300 percent Brent futures added as much banking expertise. them grow their business increase in consumer de - as 2.6% after posting a sixth "As part of the MoU, mand for e-commerce serv - weekly increase on Friday, the Mashreq Bank will help ad - and become sustainable ices, leading the longest run of gains since May Asia, while overall, the gains jing, a second wave of infections, dress one of the significant Telecommunications Regu - 2018. The extension is a victory erased almost all of the discounts or returning US shale supply fol - challenges for SMEs and new latory Authority, TRA, to for Saudi Arabia and Russia. the kingdom made before. lowing a gain in crude prices. entrepreneurs – opening a nies said in a joint statement.
Load more

Recommended publications
  • Land Plots for Sale
    Land plots for sale Dubai Holding Creating impact for generations to come Dubai Holding is a global conglomerate that plays a pivotal role in developing Dubai’s fast-paced and increasingly diversified economy. Managing a USD 22 billion portfolio of assets with operations in 12 countries and employing over 20,000 people, the company continues to shape a progressive future for Dubai by growing $22 Billion 12 121 the city’s business, tourism, hospitality, real estate, media, ICT, Worth of assets Industry sectors Nationalities education, design, trade and retail. With businesses that span key sectors of the economy, Dubai Holding’s prestigious portfolio of companies includes TECOM Group, Jumeirah Group, Dubai Properties, Dubai Asset Management, Dubai Retail and Arab Media Group. 12 20,000 $4.6 Billion For the Good of Tomorrow Countries Employees Total revenue 1 Dubai Industrial Park 13 The Villa Imagining the city of tomorrow 2 Jumeirah Beach Residences(JBR) 14 Liwan 1 3 Dubai Production City 15 Liwan 2 4 Dubai Studio City 16 Dubailand Residences Complex Dubai Holding is responsible for some of Dubai’s most iconic 5 Arjan 17 Dubai Design District (d3) destinations, districts and master developments that attract a network 6 Dubai Science Park 18 Emirates Towers District of global and local investors alike. With our extensive land bank we 7 Jumeirah Central 19 Jaddaf Waterfront have created an ambitious portfolio of property and investment 8 Madinat Jumeirah 20 Dubai Creek Harbour opportunities spanning the emirate across diverse sectors. 9 Marsa Al Arab 21 Dubai International Academic City 10 Majan 22 Sufouh Gardens 11 Business Bay 23 Barsha Heights 12 Dubailand Oasis 9 2 8 22 7 18 23 11 17 19 3 5 6 20 4 1 10 14 1 Dubai Industrial Park 15 13 16 12 21 Dubailand Oasis This beautifully planned mixed-use master community is located in the heart of Dubailand, with easy access to main highways of Freehold 1M SQM Emirates Road, Al Ain Road (E66) and Mohammed bin Zayed Road.
    [Show full text]
  • English Newspapers in the United Arab Emirates: Navigating the Crowded Market
    English newspapers in the United Arab Emirates: Navigating the crowded market By Peyman Pejman January, 2009. Dubai’s rapid growth has made the United Arab Emirates a global household name in the space of a few short years. A recent New York Times story referring to the country’s star emirate, perhaps put it best: "You name it, Dubai has it. Or if it doesn’t have it, it’s building it. Or if it’s not building it, it's dredging up an island to put it on.”1 Dubai’s growth has helped turn the United Arab Emirates, a country not yet forty years old, into a symbol of economic development for the rest of the region. But as the country debates its place in the global financial and political arena, there is another field in which the UAE will be tested, sooner rather than later: media development. As the country finds itself more tied to the global economy, English daily newspapers are realizing that the old system of uncritically reporting news in deference to political and business elites is no longer adequate if the papers want to be considered a player in the media market. They are realizing that timid reporting can no longer be washed off with a sea of advertising revenue and that good reporting is becoming more and more essential for earning respectability. This paper is based on first-hand interviews conducted with editors of all six daily English newspapers in the United Arab Emirates.2 As such, it is the most comprehensive research carried out on the topic to date.
    [Show full text]
  • Mr Hani Fadayel Mr Mohammed Layas Shaikh Saleh Abdulla Kamel
    SN Full Name 1 Mr Hani Fadayel 2 Mr Mohammed Layas 3 Shaikh Saleh Abdulla Kamel 4 Mr Khalid Al Bustani 5 Dr Saleh Al Humaidan 6 Gary S Long 7 Mr A K Sankar 8 Mr Adel Fakhro 9 Mr Ubaydli Ubaydli 10 Mr Ali Ben Yousuf Fakhro 11 Mr Ebrahim M S Al Rayes 12 Mr Anwar Khalifa Ibrahim Al Sadah 13 Mr Peter Kaliaropoulos 14 Dr Farid Ahmed Al Mulla 15 Mr Jacob Thomas 16 Ms Omaima Ebrahim 17 Mr Peter Green 18 Mr Mehtab Ali Kazi 19 Mr Ian Levack 20 Mr Younis Jamal Al Sayed 21 Mr Ali Moosa Hussain 22 Mr Vahid Mehrinfar 23 Mr Ashok Shetty 24 HE Dr Majeed Muhsin Al Alawi 25 Mr Francois Bourgoin 26 Mr Mohammed Tariq Sadiq 27 Mr Mahdi Abdullah Al Obaidat 28 Mr Atif A Abdulmalik 29 Mr Mohammed Abdulaziz Al Jomaih 30 Mr Abdulaziz Hamad Aljomaih Al Jomaih 31 Mr Akram Miknas 32 Mr Khamis Al Muqla 33 Mr Danny Barranger 34 Mr Robert N Lewis 35 Mr Hassan Ali Radhi 36 Mr A Hamid Al Asfoor 37 Mr Bassim Mohammed Al Saie 38 Mr Jamal Mohammed Fakhro 39 Mr Suhael Ahmed 40 Mr Tony Peek 41 Mr Sami M Jalal 42 HE Shaikh A M H bin Abdallah Al Khalifa 43 Mr David Bailey 44 Mr Hassan Ali Juma 45 Mr Abdulla Ali Kanoo 46 Ms Elham Hassan 47 Ms Jenny D'Cruz 48 Mr Anthony C Mallis 49 Mr Iqbal G Mamdani 50 Mr John McIsaac 51 Mr Khalid Ali Turk 52 Mr Jamil A Wafa 53 Mr Masaud J Hayat Masoud 54 Mr Tariq Daineh 55 Mr Sonjoy Francis Monteiro 56 Mr Asad Ali Asad 57 Mohammed Ali Naki 58 Mr Ali Al Khayat 59 Mr Jacob Philip 60 Mr Adnan Abdulaziz Al Bahar 61 Mr Bader Abdulmohsen Almukhaizeem 62 Mr Bader Musaed Bader Al Sayer 63 Mr Saleem Abbas 64 Mr Mohsen Dehghani 65 Mr Mohammad M Al Jassar
    [Show full text]
  • Dubai Holding Commercial Operations Group LLC (Incorporated with Limited Liability in Dubai)
    Level: 8 – From: 8 – Monday, January 22, 2007 – 7:01 am – g5mac4 – 3621 Intro : 3621 Intro Prospectus Dubai Holding Commercial Operations MTN Limited (incorporated with limited liability in the Cayman Islands) U.S.$5,000,000,000 Debt Issuance Programme unconditionally and irrevocably guaranteed as to payment of principal and interest by Dubai Holding Commercial Operations Group LLC (incorporated with limited liability in Dubai) This Prospectus has been prepared for the purpose of giving information with regard to the issue of notes (“Notes”) issued under a debt issuance programme (the “Programme”) of Dubai Holding Commercial Operations MTN Limited (the “Issuer”) described in this Prospectus during the period of 12 months after the date hereof. Application has been made for such Notes to be admitted during the period of 12 months after the date hereof to listing on the Dubai International Financial Exchange (“DIFX”). Notes which are admitted to trading or listed on an exchange may subsequently be de-listed, as described in “General Information”. Notes may also be issued under the Programme which are admitted to trading or listed on a stock exchange other than the DIFX. The Programme also permits Notes to be issued on the basis that they will not be admitted to listing, trading and/or quotation by any competent authority, stock exchange or quotation system. The DIFX takes no responsibility for the contents of this document, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon any part of the contents of this document.
    [Show full text]
  • SUSTAINABILITY INDEPENDENT MEDIA in the Middle East INDEX and North Africa 2009 MEDIA SUSTAINABILITY INDEX 2009
    algeria egypt iraq jordan bahrain kuwait lebanon morocco libya oman palestine united arab emirates saudi arabia syria iraq-kurdistan tunisia iran qatar yemen DEVELOPMENT MEDIA OF SUSTAINABLE SUSTAINABILITY INDEPENDENT MEDIA IN THE MIDDLE EAST INDEX AND NORTH AFRICA 2009 MEDIA SUSTAINABILITY INDEX 2009 The Development of Sustainable Independent Media in the Middle East and North Africa MEDIA SUSTAINABILITY INDEX 2009 The Development of Sustainable Independent Media in the Middle East and North Africa www.irex.org/msi Copyright © 2011 by IREX IREX 2121 K Street, NW, Suite 700 Washington, DC 20037 E-mail: [email protected] Phone: (202) 628-8188 Fax: (202) 628-8189 www.irex.org Project manager: Leon Morse Assistant editor: Dayna Kerecman Myers Copyeditors: Carolyn Feola de Rugamas, Carolyn.Ink; Kelly Kramer, WORDtoWORD Editorial Services; OmniStudio Design and layout: OmniStudio Printer: Westland Enterprises, Inc. Notice of Rights: Permission is granted to display, copy, and distribute the MSI in whole or in part, provided that: (a) the materials are used with the acknowledgement “The Media Sustainability Index (MSI) is a product of IREX with funding from USAID.”; (b) the MSI is used solely for personal, noncommercial, or informational use; and (c) no modifications of the MSI are made. Acknowledgment: This publication was made possible through support provided by the United States Agency for International Development (USAID) under Cooperative Agreement No. #DFD-A-00-05-00243 (MSI-MENA) via a Task Order by the Academy for Educational Development. Disclaimer: The opinions expressed herein are those of the panelists and other project researchers and do not necessarily reflect the views of USAID or IREX.
    [Show full text]
  • About Dubai Holding Dubai Holding Is a Diversified Global Company with Operations in 13 Countries Employing Over 20,000 People
    About Dubai Holding Dubai Holding is a diversified global company with operations in 13 countries employing over 20,000 people. Established in 2004, Dubai Holding manages an AED 130 billion worth of assets, which support the diversification and growth of Dubai’s economy across 12 sectors, including tourism, hospitality, real estate, media, ICT, education, science, retail, industrial and design. Dubai Holding’s portfolio includes: • Jumeirah Group, a global luxury hotel company that operates a world-class 6,500+-key portfolio of 26 properties across the Middle East (including the flagship Burj Al Arab) Europe and Asia, with more properties currently under construction around the globe. • Dubai Properties, the master developer and residential real estate development arm of Dubai Holding behind Dubai’s most renowned and iconic destinations such as Jumeirah Beach Residence and Business Bay. • TECOM Group, the owner and operator of 10 sector-focused business districts such as Dubai Internet City and Dubai Media City. • Dubai Asset Management, one of the largest residential asset management companies in the UAE providing owners’ association management, community management, leasing and property management services to individual homeowners and institutional landlords. • Dubai Retail, the retail management arm that focuses on developing, operating and managing Dubai Holding's extensive range of strategically located retail assets across prime destinations and communities. • Arab Media Group, the media and entertainment arm that comprises Global Village, Arabian Radio Network, Multi-Platform Network and Done events. Dubai Holding plays an influential role in delivering on Dubai’s economic diversification strategy and initiatives such as Tourism Vision 2020, Dubai Innovation Strategy and Dubai Industrial Strategy.
    [Show full text]
  • AMO Cover-F-Eng
    1 ss;s; PRODUCTION TABLE OF CONTENTS ACKNOWLEDGEMENTS 02 Project Team Foreword: Dubai Press Club 04 Foreword: Deloitte Maryam Bin Fahad, Executive Director 06 Acknowledgements Nadin Al Lahham, Business Development Supervisor 08 Executive Summary Adel Ibrahim, Senior Manager Operations 12 Methodology Muna Busamra, Deputy Manager Arab Journalism Award Sadiq Jarrar, Communications & PR Manager Section 1: Arab Media in a Global Context 15 Jasim Al Shemsi, Deputy Project Manager Mohab Mazen, Deputy Events Manager 1. Print 25 Afra Matar, Brand Executive 2. TV 41 Khalid Jamal, PR Coordinator 3. Digital 57 Ahmad Khalid, Events Coordinator 4. Other Platforms 77 Khulood Alkhoory, Media Relations Coordinator 5. TV Series 81 Rajeev Kandathil, Administrative Executive 6. Movies 95 Mohamed Al Hosany, Events Coordinator 7. Sports 109 Ahmed Al Muhairbi, Media Relations Coordinator 8. Music 123 Ahmed Al Hashimi, Media Relations Coordinator Abdul Hani Aliouat, Arabic Editor & Proofreader Section 2: Regional Update 135 Dana Beydoun, Senior Editor In-focus countries 137 Sireen Jannoun, Senior Editor Country-by-country update 175 Section 3: The Media Revolution For Feedback and Review 1. Introduction 223 Dr. Hessa Lootah, Assistant Professor Department of Public Media and Communications - Emirates University 2. Social Media 224 Mamoon Sbeih, Managing Director - Arab Region, APCO Worldwide 3. Satellite TV 229 Craig D`Silva, Project Consultant, APCO Worldwide 4. Implications for the Future 232 Musab Zakarya – For translation 5. Conclusion 238 For Deloitte Glossary
    [Show full text]
  • DXB Entertainments Investor Presentation
    INVESTOR PRESENTATION September | 2018 Disclaimer PRESENTATION AND ITS CONTENTS ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO ANY JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL. This presentation has been prepared and issued by DXB Entertainments PJSC (the “Company”). For the purposes of this notice, “presentation” means this document, its contents or any part of it, any oral presentation, any question or answer session and any written or oral material discussed or distributed during the presentation meeting. The information set out in this presentation may be subject to updating, revision, verification and amendment and such information may change materially. Neither the Company, any of its parent or subsidiary undertakings, the subsidiary undertakings of such parent undertakings, nor any of such person’s respective directors, officers, employees, agents, affiliates or advisers is under an obligation to update or keep current the information contained in this presentation to which it relates or to provide the recipient of with access to any additional information that may arise in connection with it and any opinions expressed in this presentation are subject to change without notice. None of the Company or any of its parent or subsidiary undertakings, or the subsidiary undertakings of such parent undertakings, and any of such person’s respective directors, officers, employees, agents, affiliates or advisers shall have any liability whatsoever (in negligence or otherwise) for any loss whatsoever arising from any use of this presentation, or otherwise arising in connection with this presentation. This presentation is an advertisement for the purposes of the United Kingdom Prospectus Rules and the information contained herein are not an offer of securities for sale in the United States nor any other jurisdiction.
    [Show full text]
  • Sourcebook with Marie's Help
    AIB Global Broadcasting Sourcebook THE WORLDWIDE ELECTRONIC MEDIA DIRECTORY | TV | RADIO | CABLE | SATELLITE | IPTV | MOBILE | 2009-10 EDITION WELCOME | SOURCEBOOK AIB Global WELCOME Broadcasting Sourcebook THE WORLDWIDE ELECTRONIC MEDIA DIRECTORY | TV | RADIO | CABLE | SATELLITE | IPTV | MOBILE | 2009 EDITION In the people-centric world of broadcasting, accurate information is one of the pillars that the industry is built on. Information on the information providers themselves – broadcasters as well as the myriad other delivery platforms – is to a certain extent available in the public domain. But it is disparate, not necessarily correct or complete, and the context is missing. The AIB Global Broadcasting Sourcebook fills this gap by providing an intelligent framework based on expert research. It is a tool that gets you quickly to what you are looking for. This media directory builds on the AIB's heritage of more than 16 years of close involvement in international broadcasting. As the global knowledge The Global Broadcasting MIDDLE EAST/AFRICA network on the international broadcasting Sourcebook is the Richie Ebrahim directory of T +971 4 391 4718 industry, the AIB has over the years international TV and M +971 50 849 0169 developed an extensive contacts database radio broadcasters, E [email protected] together with leading EUROPE and is regarded as a unique centre of cable, satellite, IPTV information on TV, radio and emerging and mobile operators, Emmanuel researched by AIB, the Archambeaud platforms. We are in constant contact
    [Show full text]
  • Board of Directors
    Board of Directors Abdulla Al Habbai Abdul Wahab Al-Halabi Edris Alrafi Chairman, Vice Chairman, Non-executive Director Non-Executive Director Independent Director Mr Abdulla Al Habbai is the Abdul Wahab Al-Halabi is Edris Alrafi is the former Group Chairman of Meraas the Group Chief Investment Chief Executive Officer of Holding and Chairman of Officer of Equitativa Group, a Dubai Holding, where he was Dubai Holding. Mr. Al diversified financial services responsible for developing Habbai is also the Chief group that is involved in and implementing the Executive Officer of the asset management, wealth commercial and financial Engineering Office of H.H. management and private strategy for the overall Sheikh Mohammed bin equity. He is also Chief Group. He was also Rashid Al Maktoum, Prime Executive Officer and previously the Chief Minister and Ruler of Dubai, Board Member of Global Commercial Officer at a post he has held since Investment House, a Kuwait- Meraas Holding. Edris brings 2005. Mr. Al Habbai is the based investment group. more than 13 years of Director General of Dubai experience in investment Creative Clusters Authority He has more than 20 years’ banking and private equity. and also serves on the experience in the real estate Boards of Dubai Real Estate sector, with expertise in Prior to Meraas, Edris served Corporation and Museum of financial restructuring, crisis as Head of UAE coverage at the Future, amongst others, and debt management, Goldman Sachs. He joined and is the Chief Executive credit enhancements and Goldman Sachs in 2008 to Officer of Shamal. joint ventures. Previously manage Sovereign Wealth he was the Group Chief Funds, UAE Commercial Mr Al Habbai has more than Investment Officer of Banks & large UAE corporate 25 years’ experience in the Meraas Holding, a partner clients including GREs for property and real estate at KPMG and has acted as Investment Banking and sector, including a 16-year Chief Executive Officer of Securities businesses.
    [Show full text]
  • United Arab Emirates Country Handbook This
    United Arab Emirates Country Handbook This handbook provides basic reference information on the United Arab Emirates, including its geography, history, government, military forces, and communications and transportation networks. This information is intended to familiarize military per sonnel with local customs and area knowledge to assist them during their assignment to the United Arab Emirates. The Marine Corps Intel ligence Activity is the community coordinator for the Country Hand book Program. This product reflects the coordinated U.S. Defense Intelligence Community position on the United Arab Emirates. Dissemination and use of this publication is restricted to official military and government personnel from the United States of America, United Kingdom, Canada, Australia, and other countries as required and designated for support of coalition operations. The photos and text reproduced herein have been extracted solely for research, comment, and information reporting, and are intended for fair use by designated personnel in their official duties, including local reproduction for training. Further dissemination of copyrighted material contained in this docu ment, to include excerpts and graphics, is strictly prohibited under Title 17, U.S. Code. CONTENTS KEY FACTS .................................................................... 1 U.S. MISSION ................................................................. 2 U.S. Embassy .............................................................. 2 U.S. Consulate ...........................................................
    [Show full text]
  • Arab Media Outlook 2009-2013
    3rd EDITION 3rd 20 ARAB MEDIA OUTLOOK 2009 - 2013 09 20 ARAB 13 MEDIA OUTLOOK INSPIRING LOCAL CONTENT ISBN 978-9948-15-422-8 FORECASTS AND ANALYSIS OF TRADITIONAL AND DIGITAL MEDIA IN THE ARAB WORLD P.O. BOX 39333, Dubai, United Arab Emirates Tel: +971 4 361 6666, Fax: +971 4 368 8000 www.dpc.org.ae Copyright© 2010 This document is provided by Dubai Press Club and Value Partners for guidance only, and does not constitute the provision of legal advice, accounting services, investment advice or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional advisers. Before making any decision or taking any action, you should consult a professional advisor who has been provided with all the pertinent facts relevant to your particular situation. The information is provided “as is”, with no assurance or guarantee of completeness, accuracy or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability and fitness for a particular purpose. Dubai Press Club holds all copyrights to this report and no part thereof may be reproduced or replicated without prior explicit and written permission. In producing this report, Dubai Press Club was assisted by Value Partners. Requests for permission should be addressed, in writing, to Maryam bin Fahad, Executive Director, Dubai Press Club, P.O. Box 39333, Dubai, UAE (email: [email protected]). For additional information or to acquire further
    [Show full text]