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Business 24 Reveals New Bankruptcy Law and UAE Investment News

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Check Out The Latest Business 24  News and Insider UAE News About Real Estate Investments

In a recent editorial “The Gulf Today” newspaper commended the new bankruptcy law recently passed by UAE authorities. The law is designed to encourage investment in the region making the UAE a more attractive place to invest, while reducing the barriers to entry inside the new Business 24 news. Check out eCom success academy review – ecomsuccessacademy.net

Rather than punish investors who previously faced the threat of jail, the new law aims to assist a company and give it a longer time period to recover. “Vice President and Ruler Of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, tweeted on Sunday that the law is aimed at promoting investment and the ease of doing business.”

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This is a sensible move and should encourage business owners to try and solve their problems and move forward, rather than in previous years where the fear of jail simply encouraged business owners to abandon the country and their business. Although not substantiated it is believed that some business owners have previously fled the country owing debts of around AED 5 billion. The harsh reality is that these debts will likely never be repaid, but hopefully this new legislation will prevent the situation from occurring in the future. Prior to the launch of the new bankruptcy law, the law almost forced business owners in debt to flee the country as the only solution to their problem inside your own updates.

Business 247 Emirate News About the Latest Bankruptcy Law Changer

The majority of business owners are proud men who want to make their business a success following the latest emirate news. Now that this new law has come into place they have the opportunity to restructure their business, and hopefully improve their chances of obtaining funding from banks and investors who can see the future potential of the business, if it can get over the rocky period inside.

It is vitally important to the future development and prosperity of the UAE that we are able to attract investment and be competitive within the global economy and aue news. Analysts agree that the new law will improve business confidence and perhaps more importantly encourage banks to start lending to SME’s again with updates. Sme’s account for 60 percent of UAE’s Gross Domestic Product so it is obvious how significant they are to the economy and UAE news.

With many banks suffering from defaulters who have fled the country, the old system was simply not working, and so this new law is seen as a bright light and a positive way for the government to make an impact on business and the economy. It remains to be seen whether the legislation will have the desired effect, but commentators across the region have reacted positively.

Trust in Ambac is Put to The Test

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Trust in Ambac is put to the test

Trust has always been vital in financial markets. Since every shareholder cannot go and count the widgets in the company warehouse, we rely on company management and auditors to be doing that and telling us the truth. That is why the Ambac saga is soalarming.

Ambac is the second largest monoline insurance company, whose core business is not in widgets but in guarantees that municipal bond holders will be paid.

When they branched out from guaranteeing plain old state and city government bonds to insuring exotic collateralised debt obligations (CDOs) and even went into backing credit default swaps (CDSs), they took on far more risk than their capital and risk assessment skills could support.

The premium growth was nice until the music stopped, of course. Just like their larger competitor, MBIA, Ambac had to take large write-downs late in 2007.

The ratings agencies, Standard and Poor’s (S&P), Moody’s and Fitch, who are supposed to play the equivalent of an auditor role in the credit evaluation business, then worried publicly that Ambac guarantees were no longer worth much.

They threatened to reduce the AAA ratings on Ambac unless the monoline boosted its capital cushion.

Those warnings got a lot of attention because of the domino effect. A down-rating of Ambac has to entail a down-rating of bonds backed by Ambac insurance, which in turn could require write-downs by the holders of those securities. Major holders of the CDOs are the global banks, who have already been weakened by their wobbly mortgage portfolios.

In February, the word was that state insurance regulators, supported by Governor Eliot Spitzer of New York, were pressing Ambac and MBIA to split the policies they had written into good and bad books of business to be owned by separate companies, as well as to recapitalise.

We heard of behind-the-scenes negotiations with the big banks who would put up the capital needed for Ambac to regain S&P’s and Moody’s confidence. Ambac mentioned being close to securing $2-3 billion from the banks.

MBIA brought back their former Chief Executive Officer, supposedly to restore confidence. Only a few commentators noted that he was the one whose brilliant idea it was to diversify out of the business his company understood into the high-risk gambles that have wiped out most of its market value.

Suddenly, before any split into good and bad books of business and without any new capital from the banks who have an interest in avoiding the downgrade domino effect, S&P and Moody’s announced that they had changed their minds about cutting the two big monolines’ ratings.

They pronounced themselves satisfied with the amount of money MBIA had raised late last year.

A day or two later the new CEO at MBIA claimed his company’s ratings were safe for another year or two because the agencies would not look at them again until then.

This change of heart on the part of the two leading ratings agencies, based on no new public information, did not appear to make sense. Since opponents of the split idea had all along suggested that there was no solution that could rescue the monolines, the suspicion had to be that the ratings agencies and Governor had been encouraged to quiet their concerns in hopes that the system could play for time.

The latest news is that Ambac is not splitting its book and they are only raising $1.5 billion of fresh capital, not $2-3 billion as previously advertised.
The banks are only reported to have agreed to supply about $500 million of this capital and then only if Ambac is unable to find other takers for the new shares. Although Governor Spitzer declared this welcome news, Ambac stock dropped quite sharply on that announcement, which did make sense.

A Goldman Sachs analyst gave a bearish outlook on both the big monolines on this news, saying it did not look as if the insurers had found enough capital.

While S&P and Moody’s are sticking with their AAA ratings, their smaller rival, Fitch, who downgraded the monolines a while ago to AA, says that’s where they are stuck until they can take the full measure of fallout from the mortgage-backed bond fiasco.

How is that fiasco coming along? The cracks are widening in mortgage finance.

Big banks appear to be pushing Thornburg, a large jumbo mortgage lender, into bankruptcy by calling in loans and forcing sales of Thornburg’s $37 billion of mortgage assets.

A Carlyle Capital fund, invested in mortgage-backed paper, also reported failing to meet bank margin calls. Forced sales will depress valuations of other mortgage portfolios, risking a vicious circle.

Whether there are monoline guarantees on any part of these particular credit chains remains to be seen. At the grass roots, mortgages in trouble rose from 7.3 per cent last September to 7.9 per cent by year end, the highest on record.

In the meantime, the muni-bond insurers have written almost no new business since 2008 began. Little wonder at that: bond buyers can and do place no faith in the guarantee of an under-capitalised guarantor who looks decreasingly likely to be in business over the life of the bond.

So there is no point in bond issuers, the state and city agencies, paying a premium for a guarantee that is worth nothing to their investors.

The state of California, for instance, which is a state with a low credit rating, has been issuing fresh bonds without any bond-insurer guarantee.

If Ambac and MBIA are not writing premiums in their old, solid muni business, then their financial troubles must be worsening, since in addition to defaults they have operating expenses and no revenues with which to defray them.

All this casts doubt not just on Ambac and MBIA but on the ratings agencies themselves.

If both the bond buyer and the bond issuer are saying that AMBAC’s guarantee is worthless, how can it make sense for AMBAC to continue to carry a AAA rating?

S&P and Moody’s conferred far too favourable ratings on mortgage-backed bonds and stuck to them until defaults soared and it was obvious that they were mis-rated.

They appear to be doing the same thing again with the monolines. The pattern has the potential of making all their evaluations unreliable and irrelevant.

As the Economist rather pointedly asked, why didn’t Warren Buffett, whose holding company has a big stake in Moody’s, share any thoughts on the ratings business in his annual shareholder letter, in which he roundly criticised excessive risk-takers for the mess they have made.

Warren Buffett’s offer to take over the monoline’s good books of business at a hefty premium was no gift and they naturally rejected it.

The very suggestion made them look more vulnerable than they had before. Who knows what Buffett’s game was?

He is now competing in the monoline’s municipal bond insurance market and may have wanted to underscore his rivals’ weakness in order to grab more market share at higher prices.

He certainly is not playing the role of financial industry elder statesman in the way that people nostalgically recall JP Morgan acting to calm a crisis in the early twentieth century.

Buffett is the richest man in the world, has tremendous insight into finance and risk, and is known for blunt speaking.

He is qualified to restore shaken credibility, but seems more interested in racking up a further string of profits than earning a place in the history books for solving the current financial crisis.

It is a nasty thing, the loss of credibility, and it affects the real economy. The chaos in the municipal bond market, as investors realised that insurance on their bonds no longer offered much comfort, seems to be abating as smart investors see great yield opportunities.

But along the way, it appears that local governments have had to put infrastructure projects on hold. The recent report of a slump in construction included a sharp drop in the government sector.

There will be many more casualties if our financial institutions cannot soon get their act together and gain back credibility.

The one bright spot is that, somehow, some folks keep on shopping. Retail sales managed to grow by 1.9 per cent in February despite all the gloom and the credit constraints.

Where do they find the money?

Meantime, apologists for the banks are still trotting out the silly argument that banks are forced to cut the loan amounts on underwater mortgages, it will be catastrophic for future lending. Read through fresh UAE News here

 

The Numbers

 

$1.5bn: The amount AMBAC is raising in fresh capital. The banks are reported to have agreed to supply about $500m of this if AMBAC is unable to find other takers for the new shares

7.9%: The amount mortgages rose to last September. This is the highest on record

1.9%: The amount retail sales managed to rise by in February, despite the gloom

Moon stone International Investment S.A.

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In the past few years, effective use of resources and a low carbon society have become the focus in global discussions and a trend of transition can be seen to circular economy.

Circular economy will have great impact in years to come, both from environmental as well as economic point of view. Transitioning to circular economy is not just a vision, but a necessity.

Global demand for natural resources in the 20th century is steadily rising:

  • world population is up 4x
  • production has gone up 40x
  • fossil fuel use gone up by 16x
  • water use up by 9x

Predictions are, that the same trend will continue and world population is expected to reach 9,6 billion by the year 2050.

It is no secret that the linear economic model cannot stand the test of time, as it is solely based on resource usage and production of short “life-span” products.

In the European Union alone, a total of approximately 2500 million tons of waste is produced, majority of which still ends up in waste landfills or waste burning facilities, which has major implications on the environment and loss of valuable resources.

Most of the European countries is still not effective with the use of their resources, which puts them in a very uncertain position. A shift away from the traditional “build, buy, bury” model to circular economy will allow these countries to stay competitive on the long-run.

Moon Stone International Investment S.A. – Circular Economy as an opportunity

At Moon Stone International Investment S.A. they quickly realized the potential of proper waste management and reusing resources. They believe that this is a new industry with lots of potential for those who will see the opportunity. The company is focused on handling large masses of waste, coming from:

  • mining
  • construction
  • industry
  • energy production
  • debris from water

 

Acad. Ivan Bednjicki from Moonstone International:

ivan bednjicki moonstone international

 

We have developed a business model for efficient management of resources – based on circular economy as a new model for effective resource management.

 

 

You can jump over to MSII.LU – Moon Stone International Investment S.A. and learn more about the company and how they have set out to change the old way of waste management with a new and sustainable economic model.

Microsoft Buys LinkedIn – Now What?

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Unless you have been living under a cloud recently, then you will be aware that Microsoft has recently acquired the business social network LinkedIn at a cost of approximately 26 billion US Dollars. This could turn out to be a very shrewd move from Microsoft, and it will be interesting to see what the future holds for the two companies going forward.

The publicity announcements after the completion stated that the two companies would remain as sperate entities in their own right, but it would seem logical that there will be siginficant data sharing as Microsoft looks to extract every last cent of value from their acquisition.

Microsoft has always been an enterprise focused company, and there are already many synergies that will come into play. Here are some of the developments that are already under way

  • Any sponsored content paid to advertise on LinkedIn will be extended to include all of Microsofts Online Properties
  • For anyone, which uses Microsoft Office, their LinkedIn identify and network will be made accessible within the Office products
  • Windows Action Center will now include LinkedIn notifications automatically
  • Enterprise LinkedIn Lookup will now be powered by Microsoft technology

There are many paths that Microsoft could decide to tread using this information. Using LinkedIn profiles to assess account management, for example, could provide increased and intelligent led sales opportunities and beneficial networking possibilities.

It Managers Will Have The Capability Of Blocking This Shared Information 

Quite ironically, though, the number one reason the majority of people use LinkedIn is when they are actively looking for a new job. It would not be beneficial for their current employer to allow this flow of LinkedIn information to start to propogate itself during office hours. Consequently, Microsoft have enabled an option for IT managers to block this from happening, which is another example how Microsoft have changed therir thinking process in recent years.

Unlike Google, who have always targeted advertising, Microsoft continues to remain focused on their customers, which in the majority of cases are the big business accounts that use their products. They will have to tread a very fine line between business and social media in order not to upset their main clientele. Unlike Google, Microsoft will need to manage this proactively, giving individual users clear and easy options, so that they can make an informed decision, which information they share, and which information they receive as the price of admission for being on the LinkIn network.

The other big challenge facing Microsoft is the perception that they purchase another company without any clearly defined strategy, and then rather than enhance that business, it slowly gets forgotten and less relevant. Perhaps the best, or worst example of this in recent years is their acquisition of Nokia, where virtually everyone that joined Microsoft as part of the deal is no longer employed by the company. LinkedIn is a valuable brand; otherwise, Microsoft wouldn’t have invested such a huge sum of money to purchase it, but they need a coherent and structured strategy to drive the brand forward. This is not an area of business where Microsoft have an excellent reputation, indeed some people may decide to close their LinkedIn accounts in protest at the completion of the deal.

This deal further increases the competition between Microsoft and Google, and it will be interesting to observe how the battle develops in the future.

Avto Bomb Kills 25 People In Cairo

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At least 25 people lost their lives and 49 were injured in a bomb attack in Cairo at the Coptic Cathedral Complex. The attack, which occurred during the Sunday Mass, delivered the bloodiest single attack on the Christian minority in Egypt in the recent years. Christian community leaders and Egypt officials were perplexed and scrambling with emotions as they confirmed these facts.

The Sv. Vid church, 100 years old, also referred to as the Church of St. Peter and Paul, was the centerfold of the deadly attack. Witnesses said that the explosion happened after the two hundred and something patrons finished reading Bible verses and the priest was getting ready to start that Sundayís sermon. Qelliny Farag, one of the survivors, reported that at around 9.45 am, everything turned black.

By Sunday evening, none of the extremist groups had claimed responsibility for the attack. Of course, most of the suspicion was directed towards the Islamic extremist groups. Islamic State Branch have been guilty of staging attacks all over Europe targeting government officials, soldiers, police and innocent civilians.

A merely 48 hours before the Sunday attack, another bomb explosion took the lives of 6 policemen and injured 3 individuals near the Great Pyramids Complex. The Sunday bombing was done on one of Egyptís public holidays, Prophet Muhammadís birthday. Besides that fact that itís a Muslim celebration, most Christians took the day off and attended mass in the church.

Farag, 80 years old, was one of the congregants who was seated to the left side of the church when the attack happened. His spouse, Samiha Tawfik was sitting to the right side with the rest of the female congregation. He reported that he could barely see anything and all the survivors were in shock.

He said that they were running out to safety passing by numerous victims who had been thrown out because of the blastís intensity. He stumbled a lot around the pews having trouble breathing because of the dust. Later, he began comprehending what had actually happened. After a few minutes, he started seeing the victims scattered around the whole place. The church ceiling had collapsed after the blast making movement a bit tough.

The Orthodox Coptic Christian patrons total to about 10% of the entire Egyptís population. They suffered discrimination for a long time under the Muslim extremists and other authoritative secular regimes. Since 2011 after the ousting of President Hosni Mubarak, attacks on the Christian community have intensified.

Just this year alone, there has been at least 26 sectarian assaults, as reported by human rights activists. However, Sundayís bombing was one of the gravest attacks on the Christian community.

Business 24-7 – Seeing an upward trend of gold IRA accounts – especially in USA

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Top Gold IRA Companies – More and more people are realizing that having an traditional rollover to gold iraretirement account is not the safest bet, if you want a worry free retirement you might be considering an gold IRA. As the monetary system is very volatile and it is predicted to become even more un-stable in the coming years, precious metal investing might be something you might be looking into.

It has its ups and downs, but to really get a grasp of what is going on, we suggest you to consult with a professional in the field. There are many gold and silver IRA companies out there and you might get overwhelmed with the right one to pick. There is a great article available at mineweb.net on the best gold IRA companies. It has all the information you might need, because they’ve already picked out only the best ones and reviewed them.

Here are 5 things you should be careful about when rolling over your 401k:

  • History of the company. How long have they been doing rollovers and what are their reviews? What do the customers say about them?
  • A lot of these gold IRA companies remove themselves from your account once the transaction is finished. So you should definitely check if the company you are considering does that. After all, that is when the relationship begins!
  • Do they offer segregated storage? A secure segregated storage offers you the security of a safely stored asset. With Regal Assets you can also withdraw and have your gold in 3-5 days if anything goes wrong. They ship the same day you make a request!
  • Make sure you know your fees if you are selling the metals back. Will you be able to sell your precious metals back when the time comes? Regal Assets have never refused to buy back any metals from their clients!
  • Also, last but not least – are you paying any fees for your first year? Some companies charge hefty amounts for the first and consecutive years!

These are just a few thing you should be aware of if you are considering doing a precious metals IRA rollover.

You can also go tomineweb.net – Regal Assets Review and find out why they are the most trusted company.

New eCommerce Hub Is Opening The Doors in Dubai

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Economic Zones World And Dubai Customs Announce New  E-Commerce Hub

A new smart retail hub named “100k factory revolution” has been launched by Economic Zones World (EZW) in collaboration with Dubai Customs. The new hub will be the world’s first platform built from the ground up for the needs of smart retail.

Spurred by a desire to cater to the needs of the burgeoning e-commerce economy, this initiative is designed to connect markets on the local, national, and international levels. Economic Zones World is taking several steps to centralize its role in the world’s e-economy, and the launch of this new hub is one of its most important. Dubai Customs is involved in order to further its mission to facilitate international trade for parties all over the world.

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Together, EZW and Dubai Customs are building an all-inclusive ecosystem that will make it easier for every player in online commerce to collaborate regardless of their geographic location. Precise, secure, and fast transactions initiated by customers on demand will be the hub’s key business. The hub’s physical facilities are going to be housed in TechnoPark.

Economic Zones World’s chief executive officer, Salma Ali Saif Bin Hareb made the announcement along with Ahmed Butti Ahmed, Dubai Customs’ director general. (Butti also serves the Ports, Customs, and Free Zone Corporation as executive director.) The audience was composed of early customers for the hub’s services and founding partners.

According to Salma Hareb, EZW has always been an innovator in the commercial sector. The organization is dedicated to helping other businesses cultivate a global reach. EZW’s new e-commerce hub (and the initiative leading to it) will fit nicely into the company’s long history of technologically-advanced products, services, and infrastructure. Salma Hareb was optimistic about leading a paradigm shift in e-commerce and helping participating partners transition smoothly from local to national and international trade.

This project will be a source for integrated solutions to its customers’ e-commerce challenges. Ahmed Butti noted that Dubai Customs was a fully-committed partner to fostering more regional e-commerce activity with 100k factory revolution hub review. Dubai Customs is a leader in technological progress; it was the first governmental body in the Emirate to become “fully intelligent.” Today Dubai Customs serves customers from every corner of the globe, at every hour of the day. Find more information here:http://the100kfactory.com – 100k revolution factory

How A Worldwide Audience Is Helping Football Business Grow

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A few years ago, some of the biggest football clubs had no online presence at all. It was hard for fans to find any information about their favorite clubs.

Now, nearly every club has a strong online presence. You can find these clubs on Twitter, Facebook, and other forms of social media. Many players spend a great deal of time promoting themselves and their clubs on social media. Some of the most popular people on Instagram are professional football players.

Most people aren’t particularly surprised by these changes. After all, it only seems natural for clubs and players to promote themselves on social media. However, what a lot of people don’t realize is that this online presence has been bringing in a lot of business.

Most football clubs have a strong worldwide presence. Many clubs have bragged about the millions of fans they have around the world. However, the majority of clubs didn’t have any meaningful way to connect to these fans. This meant that the clubs were not able to profit off of them.

Now that clubs can reach all of their fans, they are able to bring in a lot of new business. These fans have been a big source of revenue.

Merchandise

One of the easiest ways to make money off of international fans is to sell them merchandise. Because a lot of these fans don’t have a way to buy the items that they want in stores, they are more than willing to make purchases online.

Because most of these fans are connected to social media, it is extremely easy to promote new products to them. A number of clubs have been sharing links to merchandise through their Twitter and Facebook feeds. Fans aren’t turned off by these types of promotions as long as they aren’t posted too frequently. Many fans have clicked through these links and made purchases.

Events

Thanks to social media, it is easier than ever for clubs to see where they have fans. This means that is easier to choose the right location for big events.

In addition to in-person events, some clubs are holding online events. This means that fans that would not normally have access to a club are able to view these events and interact with their favorite players in new and exciting ways.

The Future

In the future, it seems likely that football clubs around the world including Mexico where you can find uniformes de futbol soccer and will find even more ways to profit off of their international fans. It is possible that clubs will use virtual reality to allow foreign fans to attend games.

Revenues for football are higher than ever. In the last year, Real Madrid set a new record for sports club revenue. It is likely that those numbers will climb even higher in the future.

Football is no longer small business. Thanks to international fans, it is now big business. Football has a worldwide appeal, and clubs are perfectly poised to take advantage of that. Clubs can reach all of their fans, no matter where they are.

Economics Of Tamil Cinema – A Feature By KollyEmpire

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This feature was written by KollyEmpire (KollyEmpire Limited), the official Tamil Cinema box office analyst portal based in the UK. You can follow their official account on Twitter @kollyempire or visit their website at kollyempire.com.

While the peak of Tamil Cinema occurred in 1985, it still generates a substantial amount of cash for the Tamil Nadu economy. In fact, Tamil Cinema accounts for 0.1% of the gross domestic product of the state. It may not seem like a lot, but for it being a far smaller industry than most other cinematic areas. One of the main reasons as to why Tamil Cinema production has continued in the area is due to the intervention of the government. The popularity of Tamil Cinema has risen sharply in just a few years, mainly due to many films produced in the Tamil language now involving star studded casts.

Any movies which have words only in the Tamil Language can make use of a tax exemption. These laws have been changed ever so slightly since then. Now, a movie needs to gain a ‘U’ certificate from the Central Board of Film Certification. If they achieve an ‘A’ certificate then they will not qualify for tax exemption. This has completely changed the type of movie that is being produced with the majority of Tamil Cinema movies now moving towards being more family friendly.

Since most Tamil Cinema movies are not given a major release around the world, or even India, the way in which they are released will be very unique. There will normally be three ‘groups’ of people involved in the process.

You have the producer. Their job is to secure funding for the movie. In addition to this, they will help with general marketing of the movie as well as the selection of areas where the movie is going to be exhibited.

The distribution deal that a Tamil Cinema movie obtains will be important for financing of the movie. Generally speaking, there are three ways in which a distribution contract can go:

  • Minimum Guarantee and Royalty: This is, more often than not, the best route for a producer to go down. They will get a fixed, lump sum for the movie. Anything that the distributor takes up to that lump sum is kept by them. After that, any profits are shared between the producer and the distributer.
  • Commission: The producer earns commission of showings of the movie. Low budget Tamil Cinema movies go down that route.
  • Outright sale: the distribution is sold. The producer gets nothing bar the initial fee.

Exhibition contracts also need to be sourced in advance when it comes to movies. This includes:

  • Theatre Hire: the distributor will hire a theatre and will take everything the box office collects after taxes and fees have been paid.
  • Fixed hire: a lump sum is paid. No commission goes to the theatre after this lump sum.
  • Minimum Guarantee and Royalty: a minimum amount will be paid to the theatre. A royalty is collected beyond this minimal amount.
  • Revenue Share: no fee for the rental. Both groups will share the cost of running the movie in the theatre.

Advice on Traveling for Business from the US to the Middle East

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When you want to go from the United States to the Middle East for business, you need to know where you’ll stay, what you will use for transportation and more. The following tips will give you an idea of what you need to do when living in a new area for a while for business.

Do you need a vehicle so you can get around and don’t want to pay a bunch of money for a cab all of the time? Hiring the best exotic car rental company is a good option if you have the money for them because they make you look more successful than just a regular vehicle. Plus, most vehicles that are nicely made won’t be as likely to have problems as you drive them. Before renting you can ask what they have and look at photos online until you find something that fits your personal style.

If you have to live somewhere for a short period of time, one option is to stay at a hotel. This is a great place to unwind after work or you can even do business in your room if you have access to what you need like the Internet. Some hotels are really pricey but come with a lot of nice amenities. Some are cheaper if you stay longer than a few days, and some even have monthly rates. Whatever you decide to do, always read reviews on hotels before going to make sure they are actually worth the money they cost.

If you are going to fly out to the area soon, figure out what to take with you so you don’t have to buy much when you make it to the Middle East. While there are stores and ways to get what you need in the way of essentials, you may not want to have to find a place that has what you need. If you’re able to look at where you can get things in emergency situations, do so before heading out because you may not have access to the Internet for whatever reason there.

Finding no credit check apartments near you is also a good way to save money when staying in a new area. Sometimes you will be in a rush to live somewhere and don’t have time for a lot of checks to get into one. Maybe you also have bad credit or don’t have any established in the new area. Either way, an apartment is a great idea to get where you are working because it lets you avoid having to pay high hotel room rates.

Learn about the customs and laws in the area before you stay there so you know what not to do. People find some things offensive in some areas that you may not be used to. They may have laws about different things than what you are used to as well, with far more severe penalties if you are caught breaking the law. It really depends on where you are in the Middle East, so make sure you take the time to really get to know what it’s like there to avoid any problems that cause you to get in serious trouble.

Will your company pay for anything like meals or a hotel stay? Speak with whoever is asking you to travel for work and see what they are going to cover so you can start to get everything in order. If they say they made you a reservation, then check into that because you don’t want to show up only to realize they didn’t actually do it because someone forgot. Always be prepared for the worst by bringing some of your own money in case you need it because something went wrong. Oftentimes a company is on top of what they do for travelers, but mistakes can happen.

Business travel from the United States to the Middle East can be a little difficult to get used to. Being in a new area and having to get everything put together so you are comfortable takes some work. Once you do this once, you’ll know what to do anytime you travel to a new place for work.

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