Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 348

Posts Tagged ‘UAE’

UAE Exchange Rebrands as ‘Unimoni’ in Hong Kong

Posted by fidest press agency su giovedì, 26 dicembre 2019

UAE Exchange Hong Kong Limited, a leading financial services provider in Hong Kong, today announced that it has rebranded its operation in Hong Kong as “Unimoni Limited” (referred to as Unimoni). With this, Hong Kong becomes the latest country where UAE Exchange has adopted the Unimoni brand and joins the global Unimoni network present across key markets in APAC, Americas, Africa and the Middle East.
Unimoni is part of Finablr, a global platform for Payments and Foreign Exchange solutions. With deep regulatory know-how, technology expertise and industry-leading partnerships, Finablr companies provide a broad array of tailored and trusted financial solutions for consumers and businesses. With a global reach spanning 170+ countries, Finablr companies processed over 150 million transactions in 2018, managing nearly USD 115 billion for customers.

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Mogherini: UAE is Strong Ally of European Union

Posted by fidest press agency su giovedì, 10 gennaio 2019

Dr Amal Al Qubaisi, Speaker of the UAE Parliament, led a high-level delegation to the European Parliament in Brussels, met with Federica Mogherini, EU High Representative for Foreign Affairs, and discussed UAE-EU relations. Dr Al Qubaisi highlighted the issue of the three UAE islands occupied by Iran and called to resolve the issue through direct negotiations or international arbitration.She presented an overview of the UAE’s role in international counter-terrorism efforts, establishing the Sawab Center and hosting Hedayah Center, and noted that 2019 is the UAE Year of Tolerance. She commended the decision of the UAE President in raising the representation of women in parliament to 50 percent.
Mogherini stressed the importance and depth of the cooperation and partnership and noted that the EU is keen to strengthen cooperation with the UAE, a valuable ally in the fight against terrorism and in achieving security and stability. She welcomed the approach adopted by the UAE and its progressive mindset, in terms of women empowerment, gender equality, tolerance and coexistence.Mogherini expressed the EU’s appreciation for the UAE’s efforts for stability in Yemen, noting that the UAE is instrumental in securing political settlement in line with its interest in finding a peaceful solution: “We appreciate the UAE’s role in this regard as well as the aid offered to refugees in different countries.” She reiterated the importance of stability for returning refugees.Mogherini further acknowledged Libya’s role in ensuring regional stability, as well as its efforts to achieve peace among various parties.Mogherini noted that there is significant cooperation between the EU and GCC countries. Regarding security, the nuclear deal with Iran is the best means available to ensure its disarmament. She added that the EU would like to see Iran change its foreign policy and adopt a policy of non-interference in the internal affairs of its neighbors.
Dr Al Qubaisi added: “The UAE’s stance of non-interference in the internal affairs of countries is diametrically opposed to Iran’s supporting the Houthi militias in Yemen with arms and missiles. We condemn the move of the Houthis to stop humanitarian aid from reaching Yemenis in need. The UAE has contributed US$4.9 billion in humanitarian aid to Yemen from April 2015 until December 2018.”

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Class action against UK Government for failing in ‘duty of care’ to British citizens in countries like the UAE

Posted by fidest press agency su mercoledì, 18 ottobre 2017

CozyA landmark class action against the UK government is being prepared by clients of Radha Stirling, David Haigh and a UK Queen’s Counsel.The action is based on the UK government’s failure in its duty of care towards citizens about the dangers of places like Dubai and the UAE. The Government has failed to give sufficient warning to UK nationals travelling to the Sharia governed desert state, it has failed to respond to requests for help for British citizens who fall foul of the strict laws, and when it does respond, it takes almost no action on behalf of its citizens.The Treaty between the UK and UAE on judicial assistance in civil and commercial matters. (2009) states in Article 1 that, “Nationals of one Party shall, in the territory of the other Party, enjoy the same judicial protection as nationals of the other Party and shall have the right of access to courts of the other Party under the same conditions as those for the nationals of the other Party.” This is clearly not the normal experience of UK Nationals in countries like the UAE.Radha Stirling, CEO of Detained in Dubai and Managing Partner at Stirling Haigh, a UK based legal advisory firm, along with Queen’s Counsel, have reviewed a number of cases of British nationals who have suffered legal abuse abroad. They are fielding calls from citizens seeking to join the action and expect the total number of complainants to be in the vicinity of 50-100.Statements taken so far have included everything from small debt cases, wrongful arrest, false imprisonment and detention without charges, to large commercial cases where the UK hasn’t enforced the Treaty and large amounts of money have been lost.The breaches have left UK businessmen and private individuals flailing as Emirati companies are allowed to steal from UK businessmen with impunity. In the UK, they are protected by the lack of enforcement of the treaty and in the UAE, they are protected by the courts and the law, while UK nationals remain fully exposed, imprisoned and in many cases left penniless.The recent case of Dr. Haddad who has lost millions of pounds of profits and investments in KMG holdings will feature prominently in the lawsuit. Dr. Haddad was a successful businessman in the UAE, and a partner in the highly profitable KM Holdings when he was illegally deprived of his corporate assets by his local business partner, who then employed Habib Al Mulla to file a series of frivolous civil cases against him.Mr Haddad stated “The aim of this was to lock me out of my own business and to appropriate my shares in the company.In order to achieve this, Habib Al Mulla illegally represented both partners in the same civil case, without having obtained Power of Attorney. During this farcical court case, Al Mulla “confessed” on my behalf (with no legal authority to do so) to the crime of embezzlement, which ultimately led to my being criminally charged, and to the theft of my GBP 250,000 pound share in my own company.”
Radha Stirling has issued a statement on the recent developments within the action, she says that, “repeated warnings have been issued to the UK FCO, by myself and other individuals concerning the inadequacy of their protection and the inaccuracy of their advice. Dr Haddad has spoken to them personally about his case, they admitted that the treaty has been breached but still refused to enforce it. The UK FCO have refused to make themselves publicly accountable, instead giving preference to diplomatic relations and protecting trade agreements; even to the detriment of UK citizens.”Ms. Stirling continues, “Because Emiratis are the largest investors in the UK, they are being protected over the interests of UK nationals when it comes to business. Emirati companies are overtly favoured and using assets stolen from UK businessmen in the UAE to make their investments. It’s time for the treaty to be enforced thoroughly to stop all breaches, the UK government needs to make it known that it is on the side of its citizens, rather than foreign business investors. ” Radha Stirling said “The FCO, while giving some travel advice, have not provided remotely sufficient information to the British public to help them avoid arrest. The majority of British nationals travelling to the UAE are committing ‘crimes’ without knowing it, such as sharing certain posts on Facebook and Twitter, drinking alcohol on the flight, sharing a room with their partner, holding hands in public and so on. The government does not advise citizens of the serious flaws in the judicial system that could leave people locked up for years merely on one person’s hearsay accusation. The UK Courts will not even extradite people to the UAE and in their high court ruling stated this is because of the “real risk of human rights violations and unfair trials”. If the UK courts are aware of the risks, the government needs to follow suit and advise their citizens.”

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2017 Event to Convene Government, Arts and Media Leaders to Address Emerging

Posted by fidest press agency su giovedì, 15 settembre 2016

abu_dhabi_skyline_from_marinaChallenges and Opportunities Associated with Culture in a Connected World. The event will take place from April 9-13 at Manarat Al Saadiyat on Saadiyat Island in Abu Dhabi and at other selected cultural locations throughout the UAE. Abu Dhabi will be site of a high-level international summit that will bring together leaders from the worlds of government, the arts and media to address the role culture can play in addressing some of the great challenges of our time. It will also explore how new technologies are changing the very nature of culture and cultural interactions worldwide with major consequences for education, our economies, politics and virtually every other dimension of our lives.Announcing the event, HE Mohamed Khalifa Al Mubarak, Chairman of Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), said, “This event underscores our commitment to culture and the arts as well as to exploring the next generation issues that are of importance to each of us in the UAE and to citizens of every country worldwide.” The event will be hosted by TCA Abu Dhabi and presented in conjunction with The FP Group, publishers of Foreign Policy Magazine, and TCP Ventures, LLC, a producer of artistic ventures and an advisory firm focused on issues associated with the arts and culture.
“This event perfectly complements the other cultural priorities here in Abu Dhabi especially those in the Saadiyat Cultural District. It will share in its first year a common theme with them, identifying universal concepts and ideas that link us all worldwide. And it will bring an exceptionally influential group of thinkers to Abu Dhabi for an event unlike any other anywhere,” Al Mubarak added.
HE Noura Al Kaabi, Minister of State for Federal National Council Affairs and Chairwoman of Media Zone Authority – Abu Dhabi and twofour54, commented: “Never before has there been an event dedicated to the role of global cultural leadership in world affairs. Abu Dhabi is a hub of cultural diversity, dialogue and exchange, which makes it the ideal place to welcome our international and regional friends and step up this important conversation. We believe that engaging both the regional and international community is crucial to achieving a future where coherence and tolerance are the new normal. I’m delighted to be part of this groundbreaking event.” The summit will seek to bring together delegations (live and virtual) representing almost every country in the world to discuss common interests, create new collaborations and address in concrete ways challenges ranging from the preservation of cultural heritage to understanding the disruptions likely to be associated with emerging technologies, from bringing arts education to the young to finding new ways to finance the arts, from combatting threats like extremism to developing public policies that promote creativity and social development. David Rothkopf, CEO and Editor of the FP Group, said, “We are on the verge of a historical watershed, for the first time ever every person on the planet will be connected together thanks to new technology in a single global cultural ecosystem. That offers the promise of greater understanding and also is perceived as threatening our unique cultural heritages. How we grapple with those issues has profound consequences for the planet.”Carla Dirlikov Canales, CEO of TCP Ventures said, “Since our focus is culture, a vital part of the meeting will be using the arts to illustrate key points, creating new collaborations and seeking to identify ways to mobilize the talents of the artistic community to help address the biggest problems we face worldwide.”

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First Financial Services Association to be Established in the UAE

Posted by fidest press agency su martedì, 24 aprile 2012

Dubai, (PRNewswire) A group of leading financial institutions in the United Arab Emirates have established the Financial Services Association (UAE), the first of its kind; a non-profit policy development and trade association for the financial services sector in the UAE. Such associations are integral to the development of a successful financial services sector in line with Global standards. The Financial Services Association (UAE) has been initially registered in the Dubai International Financial Centre (DIFC) and is currently under-going registration in Abu Dhabi. Plans are also underway to register the Association onshore in Dubai in order to create a UAE chapter.
H.E. Mr. Abdullah Al-Turifi, CEO of the Securities and Commodities Authority (SCA) has said: “By virtue of the role vested in the Authority to supervise and develop financial markets in the country, SCA welcomes the establishment of the Financial Services Association (UAE) and supports the latter’s determined efforts in boosting the performance and uplifting the markets. We see the activity of this association as a significant initiative which will further enrich the country’s financial sector. It also clearly reflects the great development achieved by UAE financial institutions at the local and international levels. We look forward to working together with the association and with all our strategic partners in the financial sector to further develop the UAE financial market for more successes and progress.”The Governor of the DIFC, H.E. Mr. Abdullah Saleh, commented: “We welcome and support such initiatives which provide UAE’s regulated financial services firms a platform to share their concerns, develop a progressive collaboration with the public sector, which optimistically will impact the industry over the long term”The Association’s board consists of several local and international financial companies from Dubai and Abu Dhabi, including: the National Bank of Abu Dhabi, Invest AD, The National Investor, UBS AG, Fidelity Worldwide Investment, Franklin Templeton Investments, ING Investment Management, Allfunds Bank, Skandia International, in addition to Deloitte, and Clifford Chance. Capital Advantage acts as the Company Secretary. The membership pool of the Association consists of a diverse group across the various divisions of financial services in the UAE.

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Dubai welcomes the penultimate leg of naseba seven challenge

Posted by fidest press agency su mercoledì, 30 novembre 2011

This is a photo showing the construction of th...

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Dubai, UAE, Dubai resident Scott Ragsdale is now within touching distance of successfully completing naseba seven – so named because it entails seven iron-distance triathlons across the seven Emirates of the UAE in seven consecutive days. Today he is in Dubai, where he has lived for the past five years. The penultimate day of the challenge started at 7.00am; with Scott swimming the required 3.8 km in the ocean adjacent to the Union House flagpole that commemorates the birthplace of the UAE. On December 2nd 1971 the rulers of all seven Emirates met inside this house to sign the declaration that brought into effect a temporary constitution – and established the independent state of the United Arab Emirates. During the course of today he’ll pass local landmarks the World Islands, Burj Khalifa and Safa Park, amongst others. He’ll finish today’s leg of naseba seven at the offices of his company in Dubai Media City.Having successfully swam across the English Channel last year, the UAE was selected as the venue of this year’s challenge due to Ragsdale’s affinity to the country, and in honour of the Emirates 40th anniversary – which coincides with the American’s 40th birthday. “I love every bit of the UAE and thought, why can’t we put something together here? That’s how naseba seven was born, out of personal ambition, the type of ambition I’m seeking to inspire into others by completing the seven iron-distance triathlons,” he explained.In fact, naseba seven has been officially incorporated in to the 40th UAE National Day celebrations programme – as well as being endorsed by the country’s leading body for all sporting and youth-related activities, the UAE General Authority of Youth and Sports Welfare. It has also received support from many UAE bodies, including the Abu Dhabi Municipality and the Abu Dhabi Sports Council.Right from the start its theme has been “but I have to make it happen…” and its aim is to prove that anyone can achieve something exceptional, if the appropriate focus, preparation and determination are applied. Ragsdale continued: “There are lots of [so called] average people out there doing exceptional things. I am nobody special, trying to do something physically special. Ideally, people who hear about my challenge will reflect on themselves; reflect on their own goals and dreams. A dream or goal means nothing if you don’t make the necessary preparation and effort and go after it.” Tomorrow’s finale takes place in Abu Dhabi, with the climax being hosted at its picturesque corniche. It will see the UAE General Authority of Youth and Sports Welfare, the Abu Dhabi Municipality and both the Abu Dhabi and Dubai Sports Council joining Scott to celebrate his unique accomplishment.
“I wanted to prove to myself I can be consistent and focused enough to make this happen – and ideally through my actions I will inspire those around me,” he remarked.

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