First Arabian Horse Kuwait National Championship

Ali — Sun, 07 Feb 2010 06:43:24 +0000

Bait Al Arab Kuwait State Stud has been authorized by the Hunting & Equestrian Club to organize the 1st Kuwait Arabian Horse National Championship Show on the 17th and 18th of February 2010 at the Hunting & Equestrian Club’s venue. Arabian horse lovers of the neighboring countries, Middle Eastern countries, Europe and United States were expressing their interest in coming to Kuwait and seeing the First National Championship show wit the affiliation of European Conference of Arab Horse Organization (ECAHO). There will be an international show in Abu Dhabi just few days before this event and another international show in Qatar just few days after the 1st National Championship show in Kuwait. This is a wonderful opportunity for Arab Horse lovers from abroad to arrange a trip to Middle East to visit three shows in 2 weeks and to enjoy the great hospitality for which people in the gulf are well known. It is also a great opportunity to see horses representing Kuwait Arabian Horse breeding. The closing date of entry was on the 15th of January,2010.

Dubai gets $10B from Abu Dhabi to cover debt

Ali — Mon, 14 Dec 2009 18:17:48 +0000

I guess there not going under after all

DUBAI, United Arab Emirates — Dubai got a $10 billion lifeline from oil-rich Abu Dhabi to save one of its prized companies from imminent default Monday, calming fears for now about the city-state’s shaky finances. Dubai’s main stock market spiked more than 10 percent on the news.

Dubai World — a sprawling conglomerate with assets ranging from the oceanliner Queen Elizabeth 2 to luxury retailer Barney’s New York — had been up against a Monday deadline to repay a pile of loans from its Nakheel property division. Some $4.1 billion of the emergency funds will be used to pay off those bills. The rest will go to shore up Dubai World itself.

Dubai officials’ reluctance to fully stand behind Dubai World’s $60 billion in debts had raised serious concerns about the emirate’s creditworthiness, and the move by Abu Dhabi appeared aimed at quashing those worries before they undercut confidence in the United Arab Emirates as a whole. The two emirates share control of the UAE, a federation of seven semiautonomous city-states.

Authorities also softened their stance Monday, vowing that the city-state was committed to “transparency, good governance and market principles.” Officials outlined a legal framework that promised to increase openness and protect creditors in future dealings with the conglomerate, offering lenders further reassurance in a country where formal bankruptcy proceedings are largely untested.

Abu Dhabi gives Dubai $10bn (news.bbc.co.uk)
Dubai Isn’t Out of Woods Yet (blogs.wsj.com)
Dubai gets surprise $10 billion bailout (msnbc.msn.com)
Abu Dhabi Gives Dubai $10 Billion to Help Pay Debt (nytimes.com)
Dubai Receives $10 Billion Bailout From Abu Dhabi (dealbook.blogs.nytimes.com)

Deera Chat » Abu Dhabi

First Arabian Horse Kuwait National Championship

Dubai gets $10B from Abu Dhabi to cover debt

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