For years, Dubai seemed unstoppable, an oasis of excess boasting indoor ski slopes and manmade islands, the world's tallest tower and dreams that reached even higher. Now the bills are coming due, and the emirate's debt problems are tarnishing a place built on borrowed time and money — and threatening to spill into other Gulf Arab nations. State-owned conglomerate Dubai World's call for a delay in repaying some of the $60 billion it owes creditors will likely make international investors... Read Full Story
The planned Gulf single currency is unlikely to be launched soon as "sufficient time" is needed for preparations, Kuwait's Finance Minister Mustafa al-Shamali said on Tuesday. "The Gulf single currency is not happening tomorrow or the day after. It needs sufficient time," the minister told parliament during a debate on the ratification of the Gulf monetary council pact. Gulf states have set the start of next year to launch the single currency, but recently there have been increasing signals... Read Full Story
For an expatriate to work in Bulgaria it is common to assume that they are working for an expat owned company and therefore serving an expatriate community. I would say from experience that apart form the retired fraternity the vast majority of expatriates that come over here to make a living a re doing so on the profits out of other expatriates that are here or have plans to live here. It is a recently created economy in Bulgaria that is completely isolated from the real Bulgarian economy... Read Full Story
MoneyGram International Grows Post Office Relationships as Cyprus Post and Post Cape Verde Join Agent Network
New post office locations doubled agent network in Cyprus, Cape Verde
MINNEAPOLIS--( BUSINESS WIRE )--MoneyGram International (NYSE:MGI), a leading global money transfer provider, today announced the addition of Cyprus Post and Post Cape Verde as new agents in its growing list of global post office networks. With these new post offices, MoneyGram doubled its agent... Read Full Story
The dollar edged down against other major currencies on Monday, pausing from sharp gains made last week after the United Arab Emirates offered emergency assistance to banks in Dubai, soothing the market fears about a looming debt default. Read Full Story
Gulf states plan to launch their monetary council, a precursor for a joint central bank, in 2010 but the planned single currency may be delayed, the Saudi central bank chief said on Sunday. "The (Gulf) monetary council will be established in 2010. It will be entrusted to complete other procedures," Mohammad al-Jasser, head of the Saudi Arabian Monetary Agency (SAMA), told reporters in Kuwait. The "procedures," such as the launch of the single currency, "will be completed in the correct way... Read Full Story
Countries of investment Jordan Qatar Emirates Saudi Arabia Oman Egypt.
Sales are quick so large business opportunities here. Penthouses, hotels, commercial, mansions, and agent for support is unpre…
Related Posts
Foreign Property Ventures Provides Gold Sponsorships For
Dubai Gold Tax Free
Land & Property Law in Thailand
Land & Property Law in Thailand
Read Full Story
I bumped into a couple of expatriates the other day and just couldn’t avoid it. Normally this doesn’t happen as if a see an expat or expat couple I just keep my mouth shut and like ships in the night that pass by unnoticed. This normally happens in supermarkets where expatriates normally shop, I know an expat straight away by the contents their shopping trolley therefore I am forewarned. I will give you an example of an expat shopping trolley contents that I saw only yesterday and yes I do... Read Full Story
Kuwait strongly backs the launch of the Gulf monetary union and single currency on time in January 2010, the undersecretray of the finance ministry said on Monday, a day after the ministry demanded a delay. "Kuwait strongly supports the Gulf monetary union and the launch of single currency as scheduled next January," Khalifa Hamada said in a statement cited by the official KUNA news agency. "Kuwait is keen to cooperate with its partners in the Gulf Cooperation Council (GCC) at all levels to... Read Full Story
An Israeli flag was displayed for the first time in the United Arab Emirates this week when a delegation from the Jewish state attended an international meeting, the foreign ministry said on Thursday. The two-member Israeli delegation was present at the meeting of the International Renewable Energy Agency (IRENA) in Abu Dhabi on Monday, it said in a statement. "Despite the fact that Israel does not have diplomatic relations with the United Arab Emirates, the Israeli representatives were... Read Full Story
