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The Global Bust-Out Series (Chapter 2): The “Money Weapon” and The Jihad Bigger than Bin Laden

Thu, 02 May 2013 08:05:20 -0400

The jihad is a sophisticated financial enterprise that includes some of the world's most powerful billionaires. And there is evidence that the jihad is deploying financial weapons of mass destruction against the American markets.

Mumzworld Supports Walk For Autism With Silver Sponsorship

Sun, 21 Apr 2013 17:13:20 -0400

Why I Cancelled Everything in Germany and Took the Next Flight to Dubai

Wed, 03 Apr 2013 06:00:24 -0400

Something big unfolded on my trip to Frankfurt last week.

It began with meetings in Germany over natural gas prices, but morphed into an interesting sidebar on the impact government subsidies have on energy prices.

As I noted last week, a recent International Monetary Fund (IMF) staff report concluded that public-sector support largely created more harm than good.

To continue reading, please click here...

Why I Cancelled Everything in Germany and Took the Next Flight to Dubai

Wed, 03 Apr 2013 06:00:24 -0400

Something big unfolded on my trip to Frankfurt last week.

It began with meetings in Germany over natural gas prices, but morphed into an interesting sidebar on the impact government subsidies have on energy prices.

As I noted last week, a recent International Monetary Fund (IMF) staff report concluded that public-sector support largely created more harm than good.

To continue reading, please click here...

Applications For The 2013 L’orÉal-unesco Pan Arab Fellowships For Women In Science Are Open Now

Mon, 01 Apr 2013 09:53:55 -0400

Strokes Exhibits Dubai, launches its new approach to stand building

Fri, 22 Mar 2013 04:23:57 -0400

Dr Kaiser Rafiq Managing Director Royal Emirates Group Visits Japan

Tue, 19 Mar 2013 17:39:59 -0400

Sandstorm Digital, Middle East Communications Agency, Announces New Age Focus On Brand Storytelling

Tue, 08 Jan 2013 17:01:39 -0500

Advanced Polymer Trading’s Chemical Experts to be at Hand During ArabPlast 2013

Sun, 06 Jan 2013 07:46:00 -0500

World’s Largest The Cheesecake Factory Now Open in the Mall of the Emirates

Thu, 03 Jan 2013 17:08:36 -0500

Hilton Worldwide Spreads Christmas Magic as Sponsor of Local Children’s Event

Tue, 18 Dec 2012 08:15:00 -0500

Entrepreneurship Is Critical Pillar of U.S. Global Engagement

Tue, 11 Dec 2012 07:00:00 -0500

This week, U.S. government officials, investors, entrepreneurs, NGO leaders, and policy makers from more than 50 countries are gathering in Dubai, United Arab Emirates for the third annual Global Entrepreneurship Summit. President Obama announced the creation of this annual event during his 2009 speech at Cairo University in Egypt, and he hosted the inaugural Summit in Washington, D.C. in 2010.

In Cairo, the President pledged to pursue a new partnership between the United States and the Muslim world based on mutual interest and mutual respect. At the core of that vision was the need to build stable societies that provide broad-based opportunity for people to pursue their aspirations and shape their destiny. At the time, the President noted that innovation and entrepreneurship were a key part of unlocking the potential of the Middle East and of millions of young people yearning for opportunity.

Since then, dramatic changes across the region have only underscored the importance of this work. As the President notes in his video address to this year’s Summit, “…just as democratic revolutions can be triggered by a lack of opportunity, democratic progress will depend on economic growth that is broad and sustained. And that demands entrepreneurs.”

Over the past four years, this Administration has worked to leverage America’s entrepreneurial strength in support of our foreign policy. We have strived to build the skills, networks, regulatory environments, and access to capital necessary to realize the potential and aspirations of up-and-coming entrepreneurs. We have linked them with U.S. investors and entrepreneurs to unlock their pooled potential and to expand the frontiers of innovation and commerce.

This week’s Summit provides an opportunity to build on this progress, bringing together over 1,000 global leaders to forge deeper partnerships across borders and cultures and to accelerate global economic growth.

Watch President Obama's address to the Global Entrepreneurship Summit:

Watch the video with Arabic subtitles

United Behind the Free Flow of Information

Tue, 11 Dec 2012 00:00:22 -0500

Across his Administration, President Obama has taken bold steps advancing a digital environment that rewards innovation and empowers individuals the world over. These ideas, and the policies that support them, are cornerstones of America’s economy. But the benefits from this approach extend well beyond the United States; they are equally important to the social and economic wellbeing of Internet users across the globe. This is why the United States is strongly represented at the World Conference on International Telecommunications (WCIT) treaty conference in Dubai this month, where over 100 delegates from the public sector, private sector, and civil society are joining with our international partners to ensure the future of global, interoperable telecommunications networks.

Several White House officials were on hand for the Conference’s opening days, where the hosts in the United Arab Emirates welcomed delegates and took some positive steps to address concerns the Conference be accessible to those outside its halls. As a crossroads in the interconnected global economy, Dubai is a natural venue to bring together the diversity of voices and views at the WCIT.

From the start, the U.S. position has been clear: the WCIT should be about updating a public telecommunications treaty to reflect today’s market-based realities — not a new venue to create regulations on the Internet, private networks, or the data flowing across them.

Dubai is fast emerging as Training Hub in Middle East

Fri, 07 Dec 2012 18:17:06 -0500

Dubai is becoming the global hub of events and exhibitions.

Tue, 04 Dec 2012 12:28:21 -0500

Advanced Global Trading - More and more people investing with AGT

Mon, 03 Dec 2012 07:47:48 -0500

Preserving Internet Freedom

Fri, 30 Nov 2012 18:20:39 -0500

In the coming week, a delegation of leaders from government, industry, and civil society will represent the United States at the World Conference on International Telecommunications (WCIT) in Dubai. At that meeting, they will underscore the President’s commitment to the multi-stakeholder, bottom-up, and decentralized governance structure that has been at the core of the Internet’s success and continues to be the bedrock of U.S. global Internet policy.

In the lead-up to the meeting, three of the Administration’s lead officials have posted their collective thoughts about the WCIT, viewable at any one of these sites:

Federal Communications Commission

National Telecommunications and Information Administration

State Department

Advanced Polymer Trading to Attend the Most Important International Plastics Trade Fair for Eurasia

Thu, 29 Nov 2012 18:00:23 -0500

The Winds of Change in Civil Society

Tue, 27 Nov 2012 04:00:00 -0500

First Solar eeks by with a profit, and sets sights overseas

Thu, 01 Nov 2012 19:48:05 -0400

First Solar generated profits for the third quarter as it marches into new markets and carries out cost-cutting measures to compete at a time when there is an oversupply of solar panels worldwide and many of its rivals have declared losses or gone out of business.

DineEquity, Inc. Announces Opening of First IHOP Restaurant in the Middle East

Wed, 08 Aug 2012 10:38:07 -0400

Bradley M. Abrahams Earns Membership With Stanford Who’s Who

Tue, 20 Mar 2012 13:37:23 -0400

Charley’s Grilled Subs ‘Beefs Up’ Presence in Dubai

Mon, 13 Feb 2012 18:34:00 -0500

Enjoy DSF 2012 (Dubai Shopping Festival) special discounts on hotel booking with Find Dubai Hotel

Wed, 04 Jan 2012 12:00:17 -0500

His Highness Sheikh Butti Bin Suhail Al Maktoum Extends Warm Welcome to Governor Ondo State, Nigeria

Fri, 23 Dec 2011 12:04:29 -0500

Two-day Potenza Performance Challenge 2011 motoring festival announced in Dubai

Tue, 01 Nov 2011 02:17:03 -0400

China’s Tongrentang Opens New Branch In Middle East

Sun, 30 Oct 2011 18:33:02 -0400

Traditional Chinese medicine provider Tongrentang opened a new branch in the United Arab Emirates. The newly established subsidiary of Tongrentang in located in Healthcare City, Dubai, and it combines the traditional Chinese clinical services and tradi...

Is the U.S. headed for a recession?

Sun, 21 Aug 2011 02:35:05 -0400

This posts features a few video clips and links regarding the topic of a looming U.S. recession.

An Open Letter to LivingSocial: Learn from Groupon’s International Mistakes

Mon, 27 Jun 2011 13:39:29 -0400

Another day, another unfortunate piece of news out of Groupon's international operations. Today it's that SoSata, Groupon's Indian site, got hacked. In a letter to users, Groupon encouraged them to change user names and passwords and assured them no financial information was compromised because none is stored on the site. Compared to the flood of angry headlines about Groupon of late, this is nothing. But the minor blight comes on the same day that the number two daily deals site in the US, Living Social, is also getting more serious about international expansion. The company has acquired three small daily deals sites: DealKeren of Indonesia, its parent company Ensogo which operates in Thailand and the Philippines and GoNabit which operates in Dubai, Abu Dhabi, Lebanon, Jordan and Kuwait. Living Social also announced it's offering daily deals in the Netherlands. This brings LivingSocial's global reach to 21 countries. Assuming Living Social has been watching Groupon carefully, it may be able to avoid making the same costly international Groupon made gobbling up sites in far flung parts of the world. That could give Living Social, long seen as the daily deal also-ran, its best opportunity to go head-to-head with the soon-to-be-public market leader.

The Miscreants’ Global Bust Out (Chapter Two): The “Money Weapon” and a Jihad Bigger than Bin Laden

Tue, 03 May 2011 12:34:07 -0400

Dubai 2011: A Real Estate Dream Bubble Crash (Guest Post)

Sat, 30 Apr 2011 22:02:00 -0400

By: Andrew_ButterIf you drive out on the highway towards Abu Dhabi past the Jebel Ali Free Zone, look on the right and you will see, partly covered in sand, the remnants of the billboards that used to declare, “Where the Vision of Dubai Get

Time to upgrade “safe haven” Dubai

Wed, 13 Apr 2011 17:06:18 -0400

Dubai’s recent securitization of Salik electronic toll road receipts–an “innovative funding strategy” designed to take advantage of the assets and cash flows that it has per Chavan Bhogaita, head of markets strategy with National Bank of Abu Dhabi–will secure $800m without tarnishing the emirate’s low income and corporate tax image according to a senior government [...]

DP World: Calm Waters or Rocky Seas Ahead?

Sat, 26 Mar 2011 16:34:52 -0400

A recent article in The Economist noted the growing divergence between container and bulk shipping; while container volumes and shipping rates are trending back towards their pre-crisis peaks against the backdrop of projected annualized global trade growth of 8-10 percent in 2011 (though whether said predictions came before the recent oil spike is highly dubious), bulk [...]

CDS ripples: Too much or not enough?

Tue, 22 Feb 2011 22:28:41 -0500

MENA CDS activity of late is eerily reminiscent of the risk “contagion” caused by investors questioning Dubai’s debt-servicing capabilities in late 2009 when [irrational] fear spilled-over to Abu Dhabi as well even though the latter’s fiscal integrity was never seriously in question, a fact later confirmed when it underwrote a bailout. But if such objective measures are [...]

Tiger Woods-Branded Luxury Golf Development in Dubai Halted

Mon, 31 Jan 2011 17:07:00 -0500

Construction of Tiger Woods Dubai, a high-end residential complex that was to be built around a championship-caliber golf course, has been halted because of poor market conditions in the Middle Eastern emirate, Bloomberg News reported, citing developer Dubai Properties.

Continue reading Tiger Woods-Branded Luxury Golf Development in Dubai Halted

Tiger Woods-Branded Luxury Golf Development in Dubai Halted originally appeared on DailyFinance on Mon, 31 Jan 2011 17:07:00.

Filed Under: People, Real Estate

New California Pizza Kitchen Restaurant Unveiled In Shanghai

Tue, 28 Dec 2010 18:02:43 -0500

California Pizza Kitchen announced the opening of the first company-owned and operated restaurant in Shanghai. The company has opened its first international office that will assist CPK franchise partners in addition to supporting the company growth in...

Emirates Chief to Take Over as Head of Dubai World

Mon, 13 Dec 2010 07:29:00 -0500

Sheikh Ahmed bin Saeed Al Maktoum, head of the Emirates airline, is taking over as chairman of Dubai World as the company struggles to restructure.

Dubai's government said today that Sheikh Ahmed will replace Sultan Ahmed bin Sulayem, who oversaw the construction of palm-shaped islands off the emirate's coast, Bloomberg News reported.

Dubai World took on $40 billion of debt as it became the...

Continue reading Emirates Chief to Take Over as Head of Dubai World

Emirates Chief to Take Over as Head of Dubai World originally appeared on DailyFinance on Mon, 13 Dec 2010 07:29:00.

Filed Under: Company News, Credit

Arabian GCC Stock Markets

Thu, 02 Dec 2010 05:31:00 -0500

Arabian GCC Stock Markets

Thu, 02 Dec 2010 05:31:00 -0500

Can Hong Kong Cool Off Its Hot Real Estate Bubble?

Mon, 22 Nov 2010 11:35:00 -0500

Hong Kong took a new step this week to let some air out of its real estate bubble, levying a heavy tax on property flippers -- a move that has already sent asking prices there downward. But Hong Kong's real estate risks are dwarfed by those in Mainland China.

Continue reading Can Hong Kong Cool Off Its Hot Real Estate Bubble?

Can Hong Kong Cool Off Its Hot Real Estate Bubble? originally appeared on DailyFinance on Mon, 22 Nov 2010 11:35:00.

Filed Under: Economy, Investing, Real Estate, Currency

Dubai's Revival Raises Questions About Islamic Finance

Mon, 08 Nov 2010 12:00:00 -0500

While the worst of the crisis may be past for the emirate, Dubai's financial troubles have highlighted some of the thorny issues underlying the Islamic world's integration with worldwide finance.

Continue reading Dubai's Revival Raises Questions About Islamic Finance

Dubai's Revival Raises Questions About Islamic Finance originally appeared on DailyFinance on Mon, 08 Nov 2010 12:00:00.

Filed Under: Economy, Investing

Dubai World Reaches Deal to Restructure $24.9 Billion of Liabilities

Fri, 10 Sep 2010 07:27:00 -0400

Dubai World, the state-owned conglomerate, reached a deal to restructure about $24.9 billion of liabilities.

Dubai's government said that Dubai World reached an agreement with more than 99% of its creditors, Reuters reported. In a separate statement, Dubai World said it plans to close the restructuring in "the coming weeks."

UPS Plane With 2 Aboard Crashes in Dubai After Takeoff

Fri, 03 Sep 2010 18:30:00 -0400

A UPS plane headed from Dubai to Cologne, Germany, crashed minutes after takeoff with two crewmembers aboard.

Continue reading UPS Plane With 2 Aboard Crashes in Dubai After Takeoff

UPS Plane With 2 Aboard Crashes in Dubai After Takeoff originally appeared on DailyFinance on Fri, 03 Sep 2010 18:30:00.

Filed Under: UPS

Dubai World Said Planning to Sell Prized Assets for $19.4 Billion

Wed, 25 Aug 2010 08:06:00 -0400

Dubai World plans to sell off some of its most prized assets in order to raise as much as $19.4 billion to pay off creditors, Reuters reported.

The state-owned conglomerate told investors last month that the need to restructure was "urgent", Reuters said, citing a document handed out at an investor meeting.

The document says Dubai World plans to dispose of assets including stakes in luxury...

Continue reading Dubai World Said Planning to Sell Prized Assets for $19.4 Billion

Dubai World Said Planning to Sell Prized Assets for $19.4 Billion originally appeared on DailyFinance on Wed, 25 Aug 2010 08:06:00.

Filed Under: Company News, Economy, Credit, Retail

Gucci Has Designs on the Luxury Hotel Market

Sat, 12 Jun 2010 10:00:00 -0400

The Gucci name has gone from designer leather goods to designer clothes -- now, it's getting into the hospitality business. Elisabetta Gucci Hotels, led by the daughter of designer Paolo Gucci, plans to open its first boutique hotel in Dubai this year.

Continue reading Gucci Has Designs on the Luxury Hotel Market

Gucci Has Designs on the Luxury Hotel Market originally appeared on DailyFinance on Sat, 12 Jun 2010 10:00:00.

Filed Under: Company News, Economy, Real Estate, Retail

For Wall Street Villains: The Five Best Hideouts -- With No Extradition

Mon, 17 May 2010 08:00:00 -0400

Word on The Street is that many of the country's less-principled financiers are daydreaming about getting a one-way ticket out of Dodge. Luckily, the financial scofflaw with a truckload of money has several options at his or her disposal. Here are DailyFinance's picks.

Continue reading For Wall Street Villains: The Five Best Hideouts -- With No Extradition

For Wall Street Villains: The Five Best Hideouts -- With No Extradition originally appeared on DailyFinance on Mon, 17 May 2010 08:00:00.

Filed Under: Retirement, Economy, People

Beyond the Point of No Return

Sun, 16 May 2010 14:38:04 -0400

"We’re heading toward government devaluing its currency to devaluate its debt in order to survive. That means you need to protect yourself. You can’t just have savings accounts paying no interest. You need to go and buy gold," says Bud Conrad, chief economist with Casey Research, in this exclusive Gold Report interview. Despite the grim outlook for the U.S. dollar and other paper currencies worldwide, Conrad believes he and other speakers at the recent Casey Research 2010 Crisis and Opportunity Summit have information you need to both prosper and protect yourself during the coming economic storm. TGR: Today we are talking with Casey Research Chief Economist Bud Conrad who recently presented a riveting talk during Casey Research’s 2010 Crisis and Opportunity Summit. Here are four major points from…

Bud Conrad: Beyond the Point of No Return

Thu, 13 May 2010 14:53:22 -0400

Source: Brian Sylvester and Karen Roche of The Gold Report "We’re heading toward government devaluing its currency to devaluate its debt in order to survive. That means you need to protect yourself. You can’t just have savings accounts paying no interest. You need to go and buy gold," says Bud Conrad, chief economist with Casey Research, in this exclusive Gold Report interview. Despite the grim outlook for the U.S. dollar and other paper currencies worldwide, Conrad believes he and other speakers at the recent Casey Research 2010 Crisis and Opportunity Summit have information you need to both prosper and protect yourself during the coming economic storm. TGR: Today we are talking with Casey Research Chief Economist Bud Conrad who recently presented a riveting…

VIX Unspikes as Stocks Rebound

Fri, 30 Apr 2010 01:58:00 -0400

world’s Top 15 Best Cities For Business And Careers

Mon, 26 Apr 2010 10:33:55 -0400

1) London (Aggregate Score- 75.32, Ease of Doing Business- 87.36, Business Center- 62.13, Career opportunities- 55.94)- London, the capital of England and the UK, is the world’s ninth-largest city. Its history spans nearly 2,000 years, beginning with the arrival of the Romans soon after their invasion of Britain in AD43. London is situated on the [...]