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The Kipp Report (www.kippreport.com) is a new website covering business in the Middle East. The region’s first online-only business magazine, and updated throughout the day, Kipp Report promises to be home to new business thinking from the Middle East.
Recent Posts Tagged With 'money'
Pulling the cords
The UAE government is now pushing for the quick creation of a unified system that will be used by banks across the country to issue personal loans. According to the Federal National Council (FNC), the amount of personal loans issued in the UAE increa...
Is the money flow slowing down?
Dubai’s debt problems could adversely affect exports and remittances to India, according to a research by India-based HDFC Bank on Wednesday.Late last month, the emirate announced a six-month debt standstill for the public conglomerate Dubai Wo...
Spying at $630 per minute
Around $630 a minute, amounting to $330 million per year will be spent on public surveillance in the UK, according to a report in The Daily Mail. Officials in the country will have access to details of every click made by every citizen on the interne...
Divorce during the financial crisis: up or down?
Divorce rates in Dubai have soared this year because of the global financial crisis, says a report by Xpress. In the first six months of 2009, 500 of the 947 divorce cases filed at the Dubai Court’s Personal Status Cases Department cited financ...
How much money are you sending home?
Expatriates in the UAE remit more than AED36.75 billion ($10 billion) to their home countries per annum, says a report by Money Transfer International, a global trade body. According to Premal Patel, MTI’s regional director, remittances from th...
Some taxi drivers are complaining about difficulties in finding passengers lately. Have you stopped using cabs?
Dubai’s residents used to complain about finding taxis a year ago. But the reality has changed drastically recently; an empty taxi has now become a common sight on the city’s roads. And this is obviously not making cab drivers happy. “Business ...
10 fat facts
1. According to Tawfiq Khoja, the secretary-general of the GCC Health Ministers Council executive office, around 50 percent of the population in the six Gulf states are overweight and obese. 2. Statistics indicate that 60 percent of Emirati nationals...
Banks stumbling back?
Ahmed al-Tayer, the chairman of Emirates NBD, has said that most of the banks in the UAE are set to report profit growth in the first quarter of the year, reports Reuters. “The first-quarter result is good, it is positive, better than last year...
10 ‘distressed’ sales on Dubizzle
While it’s impossible to get accurate figures of the number of expatriates leaving Dubai, one can get a fairly good picture by going through the classifieds section of Dubizzle.com, an online community portal. We did just that, and found an...
