Recently in Middle East Category
His Excellency Abdullah Salem Al-Turifi, Chief Executive Officer of Emirates Securities and Commodities Authority, today kicked-off the much awaited trading of shares of Dubai Financial Market (DFM), the world's first Islamic stock market amidst strong sentiments.
Israeli online casino entrepreneur, Avi Shaked, has offered to give $100 million to help boost the poor Palestinian economy if the prime minister sits down with his Israeli counterpart. He will give the Palestinine leader another $900 million if the talk results in an agreement that would bring long lasting peace to the area.
The initial instalment of $100 million was promised to be made if Prime Minister Ismail Haniyeh, a leader of the Islamist militant group Hamas, and Israel's Ehud Olmert simply sit down and start the negotiations.
As the Navigator is on Shore-leave, today's post is courtesy of Vernon K. Jacobs from the Offshore Press
QUESTION: I work in the Middle East and I am paid by the joint venture from the Middle east. The joint venture is half American and half Oman. Do I have to pay taxes?
Amnesty International today issued a ‘Call to Bloggers’, asking them to get online and stand up for freedom of expression on the internet. The organisation says this is a critical time when fundamental rights – particularly freedom of expression and privacy – are under threat from governments that want to control what their citizens say, and what information they can access.
Investors looking for a new tax haven will now have a second option in the UAE with the launch of new offshore facility by the government of Ras Al Khaimah. The initiative, called 'International Companies Registry', will allow foreign investors to register offshore companies in the Ras Al Khaimah Free Trade Zone without the need to establish a physical presence.
Continue reading "Ras Al Khaimah offersOffshore Tax Haven in UAE"
Dubai International Financial Center(DIFC), a major regional offshore financial services hub, said it was in talks to create a financial district in India. Omar bin Sulaiman, governor of the state-owned DIFC, said the Indian center might open as early as 2007 but stressed that talks with the Indian government were "at an early stage".
Continue reading "Dubai to Set Up An Offshore Financial Hub in India"
By Peter Popham -
Powerful new evidence emerged yesterday that the United States dropped massive quantities of white phosphorus on the Iraqi city of Fallujah during the attack on the city in November 2004, killing insurgents and civilians with the appalling burns that are the signature of this weapon.
Ever since the assault, which went unreported by any Western journalists, rumours have swirled that the Americans used chemical weapons on the city.
The growth in offshore Internet gambling, surpasses any other industry sector, and is one of the hottest topics today. Experts say the business is in it's infancy and predict it to generate revenues exceeding $100B within 10 years. Bear Stearns Securities came out with a report suggesting that the industry would reach $125 Billion by 2015. No matter who you believe, the fact is that this sector of the new media economy is here to stay.
The worlds most successful Internet Gambling Company is launching a Multi-Level Marketing Company called 888.biz, on November 1, 2005.
How does the program work?
The program allows you to build a business and make money by referring players to online Casino and poker games; you can then build a team of other reps that also refer players to 888.com
Emirates Palace Hotel, Abu Dhabi, United Arab Emirates - Gates opened April 2005
It is difficult to give an apt description to the Emirates Palace. String together a host of superlative adjectives, and somehow you still feel that you have fallen short of the mark. Its majesty and beauty is unrivalled. A palace for all seasons, it is certain to endure the sands of time, in the vein of India’s Taj Mahal. Hosting 302 luxury rooms and 92 suites, it is the most impressive resort and conference venue ever to be built in the Middle East.
By Dr. Khaled Batarfi -
“You don’t know how it feels to be a foreigner in this country, unless you live like one. It is unbearable!” said my Arab scuba diving trainer. I was shocked and since then, I have become more sensitive and observant. Sad to say, he was right. I tell you why.
Before the oil boom of the late ’70s, we lived more like a normal society. We had our rich, middle class and poor, Saudis and non-Saudis, educated and less educated. Mostly, we lived in harmony.
By Sara-Lise Haith -
The first thing that a lot of my friends have said to me, especially those from the USA, is that I am crazy, mad, lucky I am not on an American passport, and also to be careful! First of all I would like to remove those misconceptions, and write a little about living in Dubai (one of the seven Emirates) and also some information about the diving here.
It's surprising how much detailed market information is produced, by leading market research companies, to quantify Internet Casinos and the offshore gambling industry. Many top-shelf law firms and representatives from the big accountancy firms, offer services to the businesses in the industry. Offshore gambling is in it's tenth year and has become a solid, acceptable and well respected means of making money.
The largest, and one of the oldest companies, to arise and thrive in the Internet Casino business, is operated by Israelis from the offshore jurisdiction of Gibraltar, featuring a Gaming license from the Caribbean Tax Haven of Antigua.
by Evelyn J. Pringle -
Of course, by now everybody has at least heard of Halliburton, the all-time poster child for war profiteering. But I'll bet most people don't understand exactly how this company has gone the full financial circle in Iraq. Some background info may be helpful.
First of all it helps to know that between 1999 and 2002, Halliburton gave more than $700,000 in political contributions, almost always to Republicans. In 2000, it donated $17,677 to Bush. In fact, the 70 or so companies that were awarded contracts in Iraq have contributed more money to Bush than they have to any other candidate over the past 12 years.
