Dubai Travellers #2

With expensive capabilities come expensive tastes, and sea-travel is high on the list in Abu Dhabi.

Mohammed Al Junaibi, CEO, Abu Dhabi Ship Building, said:

“The MoU creates exciting business opportunities for Abu Dhabi Ship Building and DeBirs Yachts as we leverage our respective core expertise to develop distinctive luxury yachts and boats that cater to a high-growth niche market in the Middle East. Abu Dhabi Ship Building already has a formidable portfolio in the commercial shipbuilding market and we believe that this partnership will enable us to provide an even wider range of choices and more value-added offerings to our clients.”

With a merger of this magnitude the already booming boating industry of the Middle East is liable to push itself onto the field of play as one of the leading providers.


Rady W. Fahmy, Senior Director & Board Member, DeBirs Yachts added:

“Abu Dhabi Ship Building has an impeccable record being a leading shipbuilder in the Middle East and we are therefore pleased to establish a strategic partnership with them. With Abu Dhabi Ship Building’s world-class facilities and expertise and wide-reaching presence in the regional market, we are confident that we will be able to build a strong and lasting brand image in the luxury yacht and boat segment.”

synfo.com

The upcoming yacht show of 2011, which is set to take place in Abu Dhabi, will play host to superyachts from around the world. That’s right, as if  yachts weren’t luxurious enough, this will be the biggest event on any sea-farers calendar as superyachts reaching up to 42.5m will put in at Yas Marina for all to see.

ADYS is considered to be one of the best targeted shows in the region for the superyacht sector, offering yacht brokers, charterers and builders the opportunity to engage with a high calibre of interested visitors.”

sports-news-now.com

And it’s not only boat enthusiasts that ought to take note as the show will run alongside the season opening of the FIA GT1 World Championship, and with motoring enthusiasts will come all number of fans, opportunists and business men. Just one more reason that Abu Dhabi will be getting some attention this year.

The show takes place between the 24th and 26th March, and it’s set to go off with a bang.

Dubai Travellers #1

The United Arab Emirates is a place well known for it’s surge in business recently and the implications for it’s economy are endless. The first few meteorites of cash have seen entertainment complexes spring up out of the desert sand, sports arenas playing host to tournaments and academies, shopping centres filling to the brim and streets weighing heavy under the pounding of hundreds upon thousands of tourists. Money follows money, and there’s no question that hard-hitters in any business will be finding a reason to make their way to the Middle East in the short term if they haven’t done so already.

One of the most interesting changes that has occurred since the boom took on serious motion is that of the travel industry. What began as a humble pedestrian became a motorist trundling along the 120km stretch of tarmac between Abu Dhabi and Dubai – the two thumping organs at the centre of the commotion – a number of flights have redirected straight into the heart of the trading and the docks are filling with wave-crunching yachts, but that’s an awfully vanilla version of what’s actually happening.

The most obvious change in the travel industry in the UAE is air-travel. Many people had no idea where or even what it was a matter of years ago, so flights were few and far between; now that the National Airline of UAE has taken the bit between its teeth you’ll find it hard to come across an airport that won’t provide flights to Abu Dhabi.

The increase in popularity for flights to Abu Dhabi in particular are making other countries and business stand up and take note.

[...] the alliance with Virgin Blue — expected to see about 66,000 passengers per year feeding from Etihad’s network to and from V Australia flights — will also help by boosting yields on Australian routes.

Etihad chief executive James Hogan said the airline’s partnership with Virgin Blue would give the airlines a double-daily frequency on the Sydney-Abu Dhabi route and their combined frequent flyer offering would be attractive to corporate customers.

From theaustralian.com.au here

Although it’s true that businessmen are flying in their droves from New York, Zurich, London and other business capitals across the world – connections like Virgin Blue allow Etihad to continue splashing around in the entertainment world – flights to sydney from dubai is just one of hundreds of routes now covered by Etihad – not all of which make their way to the UAE. Let’s not forget this is the national airline.

Next time.. a look at the boats and floats off the coast of Dubai.

GOLD

I have a friend who came into a fair sum of money a few years ago. He sat down like a sensible soul and began to think about his options in terms of investments. He found himself somewhere in the middle of buying gold, or getting a mortgage: neither of which his bank manager liked the sound of.

After lengthy discussions with both sides of the coin: bank manager (who suggested a sensible option) and friends/family (frivalities rife, of course!) he decided in the end to go with some sort of bond. For me personally it would’ve been savings, but now that we’re smack bang in the middle of a recession (despite all the powers-that-be INSISTING we’re on our way out of it), it seems as though gold would’nt have been his best option! We did wonder though: would you be entitled to have a gold bar in your own property, or is it something you just “get the certificate” for?

Truth be told NOW is the time to be buying your gold. I’ve seen enough companies crawl out of the woodwork recently with an eye for buying your gold at knock-down prices whilst you’re scraping around for what money you can get. Whe the recession does finally appear from the mire it’s going to be up there with the best of them.

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The bottom line on this particular version of events was that trusting a bank manager is ultimately going to take you to a place that means a) you won’t see your money for a WHILE and b) he’s probably getting something out of it.

I’m still young when it comes to finances: and if you ask me, I’d have just done some more travelling!

What about you?