Emirates Videos

Nov. 30 (Bloomberg) -- Benoit Anne, head of emerging-market foreign-currency and debt strategy at Bank of America Corp., talks with Bloomberg's Erik Schatzker and Deirdre Bolton about Dubai World's debt. The United Arab Emirates central bank said it “stands behind” the country’s local and foreign banks as they face the prospect of losses from Dubai World, the state-controlled holding company struggling with $59 billion in liabilities. (Source: Bloomberg)

Nov. 30 (Bloomberg) -- Rachel Ziemba, an analyst at Roubini Global Economics LLC, talks with Bloomberg's Scarlet Fu about state-controlled Dubai World's debt. Dubai World, with $59 billion of liabilities, is seeking to delay debt payments. (Source: Bloomberg)

Author: Bloomberg Keywords: Danske's Hydeskov Expects Euro to Rise Against Dollar: Video Analyst Ratings-Forex Audio Visual Bank of Japan Banking Bloomberg Bond Market News Currencies English Multimedia Europe Foreign Exchange Comments Multimedia-Market Experts North America Television United Arab Emirates Added: November 30, 2009

Nov. 30 (Bloomberg) -- Hassan Heikal, chief executive officer of EFG-Hermes Holding SAE, talks about concerns that Dubai World, a state company with $59 billion of liabilities, may default on debt. Heikal, whose company is the biggest publicly traded Arab investment bank, speaks with Bloomberg's Francine Lacqua from Zurich. (Source: Bloomberg)

Tourism in Dubai is an important part of the Dubai government's strategy to maintain the flow of foreign cash into the emirate. Dubai's lure for tourists is based mainly on shopping, but also on its possession of other ancient and modern attractions. Dubai is the most populous emirate of the seven emirates of United Arab Emirates. It is distinct from other members of the UAE in that revenues from petroleum and natural gas account for only 6% of its gross domestic product. A majority of the emirate's revenues are from the Jebel Ali Free Zone (JAFZ) and now, increasingly, from tourism. Most capitals and other major cities have direct flights to Dubai. More than 120 airlines operate to and from Dubai International Airport to more than 260 destinations, making it one of the worlds busiest. Dubai is also the home base of Emirates Airline, international airline of the UAE, which operates scheduled services to more than 100 destinations. In June 2009 Emirates airline designated a special handling area at departures and arrivals for passengers with special needs. As a result, wheelchair passengers will receive a more personalized service. Most travelers need to obtain a Visit Visa prior to entering Dubai. However, citizens (and some residents) of Cooperation Council for the Arab States of the Persian Gulf (GCC) and citizens of a number of states in Europe and elsewhere (including Australia and New Zealand) can get an entry permit stamped in their passport upon arrival, good for up to 90 days. Visitors from other nationalities require the sponsorship of any U.A.E. resident or any company or hotel licensed to operate within the U.A.E. and are limited to a 30-day stay. Citizens of the UK, France, Italy, Germany, the Netherlands, Belgium, Luxembourg, Switzerland, Austria, Sweden, Norway, Denmark, Portugal, Ireland, Greece, Cyprus, Finland, Malta, Spain, Monaco, Vatican, USA, Iceland, Andorra, San Marino, Liechtenstein, Hungary, Canada, Australia, New Zealand, Japan, Brunei, Singapore, Malaysia and Hong Kong may stay for up to 30 days without a visa. Tourists can get a visa from a tourist company or a hotel by first making a reservation for at least one night. They must fax/courier the hotel a copy of their passport along with the reason for the visit (tourism is an acceptable reason) and their arrival date. You must also make sure that the hotel faxes you a copy of the visa when it is ready. Airlines may require confirmation (preferably a fax copy of the document) that a visa is held before check-in at the airport. The original is held at Dubai Airport for collection before passport control. No special immunizations are required but tourists are encouraged to purchase appropriate medical insurance before travelling. Government immunization programs, the provision of clean water, and high standards of cleanliness in hotels and restaurants has led to recognition by a travel magazine. The UAE is extremely safe for women travellers, nevertheless women travelling alone are a novelty and you may find yourself at the focus of unwanted attention. You will probably have a more relaxed visit if you stay in one of the four or five star hotels, especially if you can use the hotel's private beach facilities. Women in the UAE have a much more liberal lifestyle than many of their Gulf counterparts. Dubai has been called the shopping capital of the Middle East. The city draws large numbers of shopping tourists from countries within the region and from as far as Eastern Europe, Africa and the Indian Subcontinent. Dubai is known for its souk districts. Souk is the Arabic word for market or place where any kind of goods are brought or exchanged. Traditionally, dhows from the Far East, China, Sri Lanka, and India would discharge their cargos and the goods would be bargained over in the souks adjacent to the docks. Dubai's most atmospheric shopping is to be found in the souks, located on either side of the creek, where bargaining is part of the buzz. Modern shopping malls and boutiques are also found in the city. Dubai Duty Free at Dubai

I went to the Burj Dubai and filmed the construction and then again six months later. 66 to 124 floors in six months! The Burj Dubai tower is designed to be the centerpiece of a large-scale, mixed-use development that will include 30,000 homes, nine hotels, 6 acres of parkland, 19+ residential towers, the Dubai Mall, and a large man-made lake. The complete 500 acre development will cost about $20 billion dollars (US). Once completed, the tower will cover a total of over 22 million square feet of development. The official height of the Burj Dubai is kept secret because of international competition, but current estimates have it rising to a height in excess of 2,600 feet. Some estimate that it will be 189 floors or so - it is to be the tallest building in the world. Recently, the construction site already surpassed height needed to make it (uncompeted) the second tallest building in the world. The Burj Dubai is located in Dubai which is a city in the emirate of Dubai, part of the United arab Emirates in the Gulf region of the Middle East. Comments by Bruce Fenton http://www.fentonreport.com Please note - the NASD is now known as FINRA

Tourism in Dubai is an important part of the Dubai government's strategy to maintain the flow of foreign cash into the emirate. Dubai's lure for tourists is based mainly on shopping, but also on its possession of other ancient and modern attractions. Dubai is the most populous emirate of the seven emirates of United Arab Emirates. It is distinct from other members of the UAE in that revenues from petroleum and natural gas account for only 6% of its gross domestic product. A majority of the emirate's revenues are from the Jebel Ali Free Zone (JAFZ) and now, increasingly, from tourism. Most capitals and other major cities have direct flights to Dubai. More than 120 airlines operate to and from Dubai International Airport to more than 260 destinations, making it one of the worlds busiest. Dubai is also the home base of Emirates Airline, international airline of the UAE, which operates scheduled services to more than 100 destinations. In June 2009 Emirates airline designated a special handling area at departures and arrivals for passengers with special needs. As a result, wheelchair passengers will receive a more personalized service. Most travelers need to obtain a Visit Visa prior to entering Dubai. However, citizens (and some residents) of Cooperation Council for the Arab States of the Persian Gulf (GCC) and citizens of a number of states in Europe and elsewhere (including Australia and New Zealand) can get an entry permit stamped in their passport upon arrival, good for up to 90 days. Visitors from other nationalities require the sponsorship of any U.A.E. resident or any company or hotel licensed to operate within the U.A.E. and are limited to a 30-day stay. Citizens of the UK, France, Italy, Germany, the Netherlands, Belgium, Luxembourg, Switzerland, Austria, Sweden, Norway, Denmark, Portugal, Ireland, Greece, Cyprus, Finland, Malta, Spain, Monaco, Vatican, USA, Iceland, Andorra, San Marino, Liechtenstein, Hungary, Canada, Australia, New Zealand, Japan, Brunei, Singapore, Malaysia and Hong Kong may stay for up to 30 days without a visa. Tourists can get a visa from a tourist company or a hotel by first making a reservation for at least one night. They must fax/courier the hotel a copy of their passport along with the reason for the visit (tourism is an acceptable reason) and their arrival date. You must also make sure that the hotel faxes you a copy of the visa when it is ready. Airlines may require confirmation (preferably a fax copy of the document) that a visa is held before check-in at the airport. The original is held at Dubai Airport for collection before passport control. No special immunizations are required but tourists are encouraged to purchase appropriate medical insurance before travelling. Government immunization programs, the provision of clean water, and high standards of cleanliness in hotels and restaurants has led to recognition by a travel magazine. The UAE is extremely safe for women travellers, nevertheless women travelling alone are a novelty and you may find yourself at the focus of unwanted attention. You will probably have a more relaxed visit if you stay in one of the four or five star hotels, especially if you can use the hotel's private beach facilities. Women in the UAE have a much more liberal lifestyle than many of their Gulf counterparts. Dubai has been called the shopping capital of the Middle East. The city draws large numbers of shopping tourists from countries within the region and from as far as Eastern Europe, Africa and the Indian Subcontinent. Dubai is known for its souk districts. Souk is the Arabic word for market or place where any kind of goods are brought or exchanged. Traditionally, dhows from the Far East, China, Sri Lanka, and India would discharge their cargos and the goods would be bargained over in the souks adjacent to the docks. Dubai's most atmospheric shopping is to be found in the souks, located on either side of the creek, where bargaining is part of the buzz. Modern shopping malls and boutiques are also found in the city. Dubai Duty Free at Dubai

Manchester Airport (IATA: MAN, ICAO: EGCC) is a major airport located at Ringway in the City of Manchester within Greater Manchester, England, and is the busiest airport in the United Kingdom outside the London region in terms of passenger numbers. It offers non-stop scheduled flights to destinations across Europe, North America, the Caribbean, Middle East and Far East. The airport is located within the City of Manchester except for a small overlap into the Cheshire East district. 7.5 NM (13.9 km; 8.6 mi) southwest of Manchester city centre. It officially opened on 25 June 1938, and was initially known as Ringway Airport. During World War II it was called RAF Ringway, and from 1975 until 1986 the title was Manchester International Airport. The airport is owned and managed by the Manchester Airports Group (MAG), which is a holding company owned by the ten metropolitan borough councils of Greater Manchester, and is the largest British-owned airport group. Each of these councils has their coat of arms displayed on banners hung from the lamp posts approaching the airport. The airport has won awards including World's Best Airport 1995 and Travel Weekly Globe Awards' UK Best Airport 2008. The airport has two parallel runways, three terminals and a ground transport interchange, including a railway station. Manchester Airport has a CAA Public Use Aerodrome Licence (Number P712) that allows flights for the public transport of passengers and for flying instruction. In 2008, Manchester Airport handled 21,219,195 passengers with 204,610 aircraft movements, making it the fourth busiest airport in the United Kingdom in passenger numbers and third in terms of total aircraft movements. The airport originated in mid 1934 when the location was selected to build an airfield. On 25 July 1934, Manchester City Council voted narrowly in favour of the Ringway site as the City's new airport. The site for the planned airport was at the time in the Cheshire parish of Ringway (as it was south of the River Mersey). Construction was ceremonially started by the Lord Mayor on 28 November 1935 and was completed for civil aviation use by early summer 1938. The airport was officially opened on 25 June 1938 during a public air display that included both civil and RAF aircraft and received its first scheduled flight, a KLM operated Douglas DC-2 from Amsterdam. The airport at this time was called Ringway, named after the parish it lay within. Pre-war, KLM was the only international operator out of Ringway and offered a request stop at Doncaster. 4000 passengers used the airport in 1938 and another 4000 during the first eight months of 1939, before declaration of war brought an end to civil operations. Construction of a Royal Air Force station commenced in 1939 on the north east edge of the airfield. RAF Ringway was used for both operational flying and training. The main user was No.1 Parachute Training School RAF which trained over 60,000 paratroopers between June 1940 and March 1946. The trainees parachuted over Tatton Park, after receiving permission from land owner, Lord Egerton. A complex of hangars and assembly sheds on the north west side of the airfield was used by Fairey Aviation for the construction, modification and testing of over 4,000 aircraft. From spring 1939, Avro used the 1938-built main hangar for assembly and testing the prototype Avro Manchester, Avro Lancaster and Avro Lincoln bombers. Three southside hangars were erected in 1942/1943 and used for the assembly of Avro York military transport aircraft. The advent of heavier aircraft types resulted in the all-grass landing area being badly damaged in wet weather during the winter of 1940/41. The ruts froze during cold weather, damaging the undercarriages of taxying aircraft. Two asphalt runways of 3,000 ft (910 m) length were therefore hastily laid down between June and December 1941. The runways were designated 06/24 and 10/28. The former was lengthened to 4,200 ft (1,300 m) by January 1943 to accommodate the four-engined aircraft now using RAF Ringway and the 3,300 ft (1,000

Frankfurt am Main Airport (IATA: FRA, ICAO: EDDF), known in German as Flughafen Frankfurt am Main or Rhein-Main-Flughafen is an international airport located in Frankfurt am Main, Germany, 12 km (7 mi) southwest of the city centre. Run by Fraport, it is by far the busiest airport by passenger traffic in Germany, the third busiest in Europe and the ninth busiest worldwide in 2008. It serves the most international destinations in the world and is the busiest airport in Europe by cargo traffic. The southern side of the airport, Rhein-Main Air Base, was a major airlift base for the United States from 1947 until late 2005, when it was acquired by Fraport. The airport is directly located in the Frankfurt Rhine Main Region, Germany's second largest metropolitan area, which itself has a central location in the densely populated region of west-central Europe. Thereby, along with a strong rail and motorway connection, the airport serves as a major transportation hub to the greater region, less than two hours by ground to Cologne, the Ruhr Area, and Stuttgart. There are plans to expand Frankfurt Airport with a fourth runway and a new Terminal 3. First modifications to the airport to make it Airbus A380 compatible are completed, including the first building of a large A380 maintenance facility near the former U.S. Air Base. The work on the fourth runway has been delayed several times due to environmental concerns, but received zoning approval in December 2007. The runway could be in operation by 2010. Frankfurt is a hub of Lufthansa, the German national carrier. Lufthansa's secondary hub is Munich Airport where many key medium and long haul routes are available, lessening the need to overburden Frankfurt Airport. Frankfurt Airport has two terminals. Terminal 1 is divided into concourses A, B and C. Terminal 2 is divided into concourses D and E. Frankfurt Airport has 45 boarding gates altogether. A general aviation Terminal (GAT) is located south of the main runway system.

Nov. 27 (Bloomberg) -- Luis Costa, an emerging markets debt strategist at Commerzbank AG, talks with Bloomberg's Mark Barton about the ability of Dubai to repay its debt. Dubai World, the company’s state-owned parent, will ask creditors for a “standstill” agreement on debt including $3.5 billion in Nakheel bonds that mature on Dec. 14. It’s the biggest maturity for a Dubai entity since credit markets froze last year. (Source: Bloomberg)

Nov. 26 (Bloomberg) -- Jan Randolph, head of the sovereign risk group at IHS Global Insight, talks with Bloomberg's Mark Barton about Dubai's proposal to delay debt payments and the role neighboring emirate Abu Dhabi may play in easing the crisis. The state-controlled Dubai World, with $59 billion of liabilities, will ask creditors for a “standstill” agreement as it negotiates to extend maturities, including $3.52 billion of Islamic bonds due Dec. 14 from its property unit Nakheel PJSC, Dubai’s Department of Finance said yesterday. (Source: Bloomberg)

Nov. 26 (Bloomberg) -- Bloomberg's John Cookson reports on Dubai's proposal to delay debt payments as it negotiates to extend maturities. (Source: Bloomberg)