#International Movers Dubai to Saudi Arabia
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How International Movers in Dubai Facilitate Relocation to Saudi Arabia?
Thinking about moving to Saudi Arabia from Dubai? Discover the top reasons behind this trend and how the best international movers in Dubai handle every stepâfrom packing to customs clearanceâto ensure a smooth relocation. Make your transition stress-free with expert support!
https://blog.altajcargo.com/why-more-people-are-moving-to-saudi-arabia-the-role-of-international-movers-in-dubai-uae/
#International Movers Dubai to Saudi Arabia#cargo services from dubai to saudi Arabia#moving to Saudi arabia from Dubai#International movers in Dubai#"International movers in UAE
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#relocation companies in dubai#best immigration consultants in dubai#International movers uk to dubai#relocation companies in saudi arabia#relocation companies in qatar#international movers
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Welcome to Lakra Packers and Movers (Regd.) | world Wide Relocation
Welcome to Lakra Packers and Movers (Regd.) | world Wide Relocation
Packers and movers Bhubaneswar, Odisha to Dubai, UAE | top freight forwarders in Saudi Arabia | Worldwide relocation from Bhubaneswar Odisha & Delhi, India
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Packers and Movers in Bhubaneswar | packers and movers international
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Packers and Movers in Rourkela | packers and movers in Rourkela
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Packers and Movers in Sambalpur | packers and movers in Angul
If you're looking out for the simplest, leading, premier, genuine, most tough packers and movers in Sambalpur. Then your search is here. Because, we tend to at Lakra Packers and Movers (Regd.) is one of the foremost putative, skilled movers and packers companies in Sambalpur.
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Mover Service in DubaiÂ
Mover Service in DubaiÂ
BBC Cargo Services
Airfreight, Land Freight, Sea Freight
Export in Cargo to Iraq, Bahrain, Saudi Arabia, and Kuwait.
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JNT cargo and International Movers provide best moving services. professional packers and movers in Dubai. reliable movers in abu dhabi. moving services from Dubai to Saudi arabia, moving services from Dubai to Kuwait, moving services from Dubai to Egypt, International moving services to UK and europe countries. International moving services to canada http://www.jntcargo.com 042611505
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Need Moving Services in UAE with Low Cost? Don't Go you are the Right Place
Door To Door Moving in Dubai is problematic to each person because it provides best services and lot of stegmna here your each tension will just go away after making one call to AMWAJ Movers.Weâll put our expertise, resources and world-class service to work for you, guaranteed a successful move from door to door in UAE.
Delivery on-time guarantee in UAE Door to Door . Weâre much confident that your Moving items will be there, and in the rare case that something goes wrong, we donât charge extra money. AMWAJ Movers is the most trusted door-to-door Moving in Dubai. We can send goods to your hotel, cruise ship, golf course or vacation home within the each state of UAE like Dubai, Shrjah,Abu-Dhabi,Ajman,etc or any other destination like Saudi Arabia,Oman and Kuwait.
Furniture will Be Move with Extra care..!
If you want to move your Furniture in UAE like Bed,Sofa,Chair and Wardrobe then you are the right place .We will help you to shift and move safely your Precious Furniture Door to Door in Dubai with Zero Hassle as well as with insured Services.
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Our simple formula is client satisfactions is that the people that move with AMWAJ Domestic movers in Dubai. Our professional have years of expertise and area unit knowledgeable and area of Moving,Packing,Home Shifting, Relocation,shifting & International Cargo, Freight Forwarding and Transportation business In Dubai
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Our Professional and highly trained team in moving, packing, storage & warehousing, etc enables you as an individual or businesses relocate at affordable cheap rates. We take care of all your requirements in House shifting Services in Dubai UAE. Being the leading Services Provider, we make sure that your requirements are fulfilled here at Smart Movers. We also provide a 24/7 open call support to all our customers. We are at your doorsteps to take your relocation and make it happen with zero hassles for you as a customer of AMWAJ Movers.Here how we Care and Move Your Moving Items with Extra Care..
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UAE Journey Towards Creating Opportunities For Diverse Leadership exemplary: Egon Zehnderâs Jill Ader
Egon Zehnder, a well-known leadership advisory and C-Suite recruitment specialist, has spent the best part of 20 years studying diversity in leadership across global corporations and recently released its Global Board Diversity Tracker. The tracker studies company boards across the world (including the UAE and Saudi Arabia) to weigh up the growth (or lack of) in ensuring that more females are included on boards or leadership positions.
According to the latest Global Diversity Tracker, globally, just 5.6 per cent of all board seats are held by women in leadership roles and the percentage of women in the boardroom stood at just 20.4 per cent. Meanwhile, Egon Zehnder found that the Middle East is further behind with only 1 per cent of board seats held by women in Saudi Arabia and 3.1 per cent in the UAE.
BusinessLiveMe speaks to Jill Ader, Chairwoman of Egon Zehnder, on diversity at leadership and board levels and spurring more female leadership recruitment as well as increasing equity returns for companies.
Over the years of your data collection and analysis on diversity in the boardroom, is there a trend towards an improving situation, or have there been variables/stagnation/decline observed that you think are roadblocks to overall progress? âThere is good news in terms of the longer-term trends that we have observed internationally. Ever since we started tracking board diversity in 2004, we have seen significant growth in the general presence of women and international directors on corporate boards. Overall, 20.4 per cent of all directors in the 44 countries we studied are women â up from 13.6 per cent six years ago. In Western Europe, board positions held by women have risen from 15.6 per cent to 29.0 per cent over the same time period. âThis is an encouraging development and, albeit slow, shows the increased importance that chairpeople, shareholders and society places on having diverse views represented on the top levels of the most important organizations. However, much more progress needs to be seen. We have classified the 44 countries we surveyed into three groups: Champions, Slow Movers, and Underachievers. Among the countries included in our Underachievers category, we have included Argentina, Chile, Hungary, and Japan where less than 55 per cent of boards of directors have at least one woman, and less than 10 per cent have two or more. But even in these countries, some companies are leading the way with new practices and differentiated results.â
How does the Middle East compare in this regard? âCompared to Western Europe, the Middle East is far behind. Unfortunately, both the UAE and Saudi Arabia also fall into our Underachievers category when it comes to gender diversity. In fact, our latest Global Diversity Tracker study found that the UAE and Saudi Arabia stand as countries with the lowest percentage of women in the boardroom, with the UAE averaging 3.1 per cent and Saudi Arabia averaging only 1 per cent. Meanwhile, across the MENA region, only 15 per cent of boards are made up of female directors. While these figures arenât encouraging there is hope based on initiatives and long-term strategies being implemented in the UAE and Saudi Arabia, helping to spur on evolution in terms of gender diversity in terms of the policy, parliamentary representation and influencing corporate behaviour.â
Jill Ader, Chairwoman of Egon Zehnder
What advantages does a diverse board provide to a company? âIn a region driven by family businesses and government-owned commercial entities, organizations in the Middle East are realizing that the only way to compete in a world of ever-increasing speed of change is to have an effective, creative and agile board of directors that can flexibly change course and provide guidance to match the ambitions of the countriesâ leadership, their shareholders and societies at large. âBy carrying out diversification initiatives, the current board composition can effectively address the shortage of qualified board members in the region today. âDiversification initiatives allow companies to tap into an underleveraged pool of skill sets that will benefit the region through the representation of different parts of society, backgrounds, viewpoints, and capabilities at board level. Such initiatives have proven to drastically improve effectiveness and efficiency through a range of voices that allow for broader perspective at the board level. âThe tangible bottom-line impact of board diversity on a companyâs financial performance has been studied by Egon Zehnder and others. According to MSCI, companies with at least three women on the board experienced a median increase in return on equity of 10 percentage points and earnings per share of 37 per cent within 5 years. This is a significant financial gain which is left out by companies taking a more narrow view on board composition and succession planning.
How can/should a company shift its boardroom culture to be more inclusive towards women? âA challenge today is that most companies, specifically government-owned companies, recruit directors from an internal network, mostly from the national pools. This is a true pipeline problem and limits the opportunities for diversification. Therefore, companies need to first identify the core competencies required for an effective board and then identify the gaps that they need to fill. This will then open up the conversation on increasing board composition and diversity. Having board members that come from a different professional background will only strengthen the thinking rigour and debate, and contribution of the board.
Is there a company or country that can be used as an example in achieving the successful creation/adoption of a balanced and inclusive boardroom? âTo help transform boardrooms across the world and in the Middle East requires introspection and bold leadership â leadership that understands that diverse boardrooms reflect the broad perspectives that are shaping a world characterised by disruption to traditional business practices. âA case in point is the United Arab Emirates and parliamentary gender diversity. Despite the slow progress of the private sector in the UAE, the countryâs government has been exemplary in the journey towards creating opportunities for diverse leadership. For example, the first female leader of a national assembly in the UAE and the Arab world, Chairperson and Speaker of the Federal National Council (FNC), Dr Amal Al Qubaisi in 2015 has helped to spearhead a change in perceptions about the role women will play in the future of the country. Additionally, President His Highness Shaikh Khalifa Bin Zayed Al Nahyan issued a 2019 directive to increase the representation of women in the Federal National Council from 22.5 per cent to 50 per cent has placed the UAE among leading countries in terms of equality in parliamentary representation. We hope the knock-on effect will be that the private sector in the country takes inspiration from the diversity the UAE Government has implemented to ensure it is one of the most progressive parliaments in the Middle East. âThe same humility and introspection required to create flexible boards is critical for the private sector with one leading example being Unilever. Under the ten-year leadership of CEO Paul Polman, Unilever has grown the number of women in management positions to 48 per cent of its total, with five of 13 directors being female.
Where policy has helped improve the situation in some countries, how can governments in this region ensure there is a diverse representation at the leadership level? âAs mentioned above, the UAE has led by example so much so that under the directives of Her Highness Sheikha Manal bint Mohammed bin Rashid Al Maktoum, the âWomen on Boardsâ initiative was launched by Dubai Women Establishment (DWE) in 2012, making the UAE the first country in the Middle East, and the second in the world, to launch an initiative as such. With its dual objectives to increase the representation of women on boards of directors in local entities across the public and private sectors and to increase womenâs representation on boards of directors to 20% by 2020, DWE is an example of how regional government bodies can help to influence and inspire the public and private sector. âAdditionally, for the public and private sector, a focus on diversity and inclusion has to be a core part of a companyâs strategy and has to come directly from the top. Companies should start setting measurable goals, pick for potential, diversify the pipeline of talent, train/plan for board successions and professionalize the recruitment process. âOur experience shows that meaningful change in boardroom diversity is achievable â if it becomes a core element of a companyâs overall strategy. For example:
Make Leadership Accountable: A focus on diversity and inclusion has to be a core part of a companyâs strategy and has to come directly from the top.
Raise Your Ambitions: Focus on Three. Hiring a female director simply as a token is a mistake that will not improve the effectiveness of your board. True diversity replaces groupthink with healthy debate, which leads to greater innovation and better results.
Set Measurable Goals: Opinions on whether to impose a diversity quota on boards vary widely. Yet the evidence is clear, setting hard targets and creating accountability around diversity is one of the only actions that has truly moved the needle. Certain countries have imposed mandatory quotas.
Pick for Potential: Boards need a new definition of board-ready. It is conventional wisdom to fill the boardroom with C-suite executives with decades and decades of senior management experience. Our own research and global client experience have found that executives with certain leadership attributes can deliver enormous positive impact, even in business situations or industries in which they have no prior experience. We call these traits, which include curiosity, engagement, insight, and determination, Executive Potential. Betting on potential expands the talent pool automatically and contributes to boardroom success.
Diversify the Pipeline: CEOs must be intentional about developing diverse succession pipelines all the way up to the C-suite. They must create inclusive cultures where women and other groups can thrive and therefore can be retained long enough to be considered for succession to the C-suite and board positions. Companies must also make sure that as women reach the upper levels of management â a time when many women stall â they are supported and developed by mentors and peers alike
Train the Board for Success: It is not enough to simply add fresh faces to a board. Chairs and current directors must also support the integration of new directors after their appointment, both by teaching them the norms of the board and by allowing for the norms of the board to change.
Professionalise Your Recruiting Process: A recent survey of large U.S. boards showed that 46 per cent of organizations with board succession plans said they had no specific process for bringing in diverse candidates. What this means is that recruitment for diversity is often done in a haphazard and unintentional way. Directors must hold themselves and their recruiters accountable for reviewing diverse candidate slates. Diversity must be built into the nomination process at every stage â from briefing to interviewing to selection.
âFor all of the frustrations around the pace of change, there are reasons to be hopeful. At Egon Zehnder, we focus entirely on senior executives and board members, helping place them in companies but also helping to develop them as leaders.â
 The post UAE Journey Towards Creating Opportunities For Diverse Leadership exemplary: Egon Zehnderâs Jill Ader appeared first on Businessliveme.com.
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AL Marazeeq Mover & Packing Company is one of the leading specialists in international relocations. The company offers sophisticated and innovative Air Cargo services from Dubai to Saudi Arabia at a very reasonable quote. Our expertise of import and export requirements, customs regulations, licenses, and more can guide you to achieve optimum results. For more information on Dubai to Saudi Arabia Cargo services visit the website.
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Transportation system of transports, taxicabs.
Saudi Arabia is apparently the most persuasive nation in the Middle East and is outstanding for its broad oil economy. It is an all around associated nation having a transportation system of transports, taxicabs, and planes.
Getting By on a Bus
Most new transports are cooled and worked by the Saudi Arabian Public Transport Company. They direct a few courses around the city, all which in the long run come back to downtown Ballad. They additionally have countless interfacing from Jeddah to most urban communities in the Kingdom. They additionally work global courses. Their fundamental transport terminal for away goals is situated in downtown Ballad, however there are autonomous transport administrators who benefit different territories. The majority of these transports suit somewhere in the range of 30 and 45 individuals.
Going by Taxi
The quickest and most available method for getting around the city is by taking a cab. They're difficult to miss, since every taxus is white in shading. Taxi meters, however working, are not by any stretch of the imagination being used on generally taxis. Consequently, you'll probably need to wrangle at the cost. Ladies are especially subject to taxis, since no one but men can drive vehicles or bikes in the nation.
Touching base at the Airport
Jeddah, as a business and modern center point, is associated with most significant aircrafts. These carriers connect the nation to goals all through the world and can be found at Jeddah's King Abdul Aziz International Airport. Household courses are adjusted by the Kingdom's banner transporter, SAUDIA, and a couple exclusive carriers.
Street Transportation Jeddah Saudi Arabia
It is safe to say that you are searching for street transportation benefits that will convey your load through safe methods? At that point you are here at the ideal place. What's more, there is no compelling reason to stress any longer as Jeddah Movers is here to remove your pressure and inconveniences!
Why Trust Our Road Transportation Services?
We are one of most arranged and confided in cargo forwarder organizations in the nation of Saudi Arabia. Our street transport organization has a broad system covering all the vital urban communities of the nation including Jeddah. Our street transportation administrations are one of the strategies through which we securely transport your bundles and items to your required goal at the opportune place and ideal time. Our cargo sending organization conveys cargo through different techniques, for example, street, ocean, and air.
Nonetheless, our clients for the most part need street shipping techniques as they are regarded to be protected and secure. Your freight, be it any sort, will be securely conveyed through our street transportation implies through the snappiest and most effortless course.
We promise you that our procured specialists will securely transport your bundle, regardless of whether they have private data or reports. The entire transportation and conveyance strategy will be with no break or inconvenience.
Jeddah Movers will securely store your payload or bundle with consideration and the substance will stay in an immaculate shape since we see how profitable your bundle is.
Get the Best Road Shipping Services in Saudi Arabia with Jeddah Movers
Not just our transportation and cargo sending administrations are the most secure and quickest, we additionally have the best innovation bolster us in this field of transport and coordinations. You will have the capacity to follow your load because of our propelled techniques.
Be that as it may, we are the most sought after street transporters in Jeddah, Saudi Arabia for another reason. Our organization of cargo sending guarantees you to give the most financially savvy costs for its clients, in contrast to different organizations.
So what are you sitting tight for? Contact our organization today and get the best transporter benefits totally with no issue in your financial plan.
Saudi Arabia is seemingly the most compelling nation in the Middle East and is outstanding for its broad oil economy. It is a very much associated nation having a transportation system of transports, cabs, and planes.
Getting By on a Bus
Most new transports are cooled and worked by the Saudi Arabian Public Transport Company. They lead a few courses around the city, all which in the long run come back to downtown Ballad. They additionally have countless associating from Jeddah to most urban areas in the Kingdom. They additionally work global courses. Their principle transport terminal for away goals is situated in downtown Ballad, however there are autonomous transport administrators who benefit different regions. The vast majority of these transports suit somewhere in the range of 30 and 45 individuals.
Going by Taxi
The quickest and most available method for getting around the city is by taking a cab. They're difficult to miss, since every taxus is white in shading. Taxi meters, however working, are not by any stretch of the imagination being used on generally taxis. Therefore, you'll in all likelihood need to wrangle at the cost. Ladies are especially reliant on taxicabs, since no one but men can drive autos or bikes in the nation.
Touching base at the Airport
Jeddah, as a business and mechanical center point, is associated with most significant aircrafts. These carriers interface the nation to goals all through the world and can be found at Jeddah's King Abdul Aziz International Airport. Residential courses are adjusted by the Kingdom's banner transporter, SAUDIA, and a couple exclusive aircrafts.
Street Transportation Jeddah Saudi Arabia
It is safe to say that you are searching for street transportation benefits that will convey your freight through safe methods? At that point you are here at the correct place. What's more, there is no compelling reason to stress any longer as Jeddah Movers is here to remove your pressure and inconveniences!
Why Trust Our Road Transportation Services?
We are one of most arranged and confided in cargo forwarder organizations in the nation of Saudi Arabia. Our street transport organization has a broad system covering all the essential urban communities of the nation including Jeddah. Our street transportation administrations are one of the techniques through which we securely transport your bundles and items to your required goal at the ideal place and ideal time. Our cargo sending organization conveys cargo through different techniques, for example, street, ocean, and air.
Nonetheless, our clients generally need street shipping techniques as they are considered to be protected and secure. Your payload, be it any sort, will be securely conveyed through our street transportation implies through the fastest and most straightforward course.
We promise you that our enlisted specialists will securely transport your bundle, regardless of whether they have private data or archives. The entire transportation and conveyance technique will be with no break or inconvenience.
Jeddah Movers will securely store your load or bundle with consideration and the substance will stay in an unblemished shape since we see how important your bundle is.
Get the Best Road Shipping Services in Saudi Arabia with Jeddah Movers
Not just our transportation and cargo sending administrations are the most secure and quickest, we additionally have the best innovation bolster us in this field of transport and coordinations. You will have the capacity to follow your load on account of our propelled strategies.
In any case, we are the most popular street transporters in Jeddah, Saudi Arabia for another reason. Our organization of cargo sending guarantees you to give the most financially savvy costs for its clients, in contrast to different organizations.
So what are you sitting tight for? Contact our organization today and get the best transporter benefits completely with no problem in your financial plan.
Best trucking organizations in Jeddah
We highly esteem the capacity to react to our clients' needs with quality administration and sensible costs through our region of tasks. Our group of prepared experts has the ability to react to the consistently evolving necessities, requests, and difficulties of our clients. Saudi transport holders to various urban areas in Saudi Arabia , is likewise a crucial piece of our administrations. We are best trucking organizations. A standout amongst the best Saudi trucking organizations.
Being a transporters in Jeddah, we are a standout amongst the best transportation organizations in Jeddah. As a vehicle holder organization, we give Jeddah Riyadh transport, as well as every single significant city .. Our offices Our broad transportation capacities incorporate multi-purpose strategies, for example, ocean cargo to Saudi. at that point inland development by street. We have great rates from naqel , and red ocean holders for import and fares Saudi. Great relations with holder administrations worldwide of Globe trucking Jeddah, Syinco dpa Jeddah port, Gulf compartment terminals. What's more, other delivery co. Buzyb Shipping, transporters in Jeddah Saudi Arabia, trucking organizations, substantial transport, arrive transport administrations Jeddah Dubai, Riyadh, Dammam, by street.
Delivery Container Depot in Jeddah, Saudi Arabia for Container Handling, Storage, Reporting and Repair.
Buzyb holder Depot.
We are a typical client holder station with a wide scope of clients who depend on our work. Our clients incorporate significant holder shipping lines, compartment renting organizations, merchants exporters, brokers who utilize our terminal as appropriation point for stacking emptying, stuffing and De-vanning of load and holders, and household compartment deals and rental organizations.
Thales is a world chief in hardware and security frameworks, expanding on its mastery to give arrangements that set the standard in the transportation business. The Group structures, creates, and conveys transport gear, frameworks and administrations, giving start to finish arrangements in Saudi Arabia.
With mounting proof of the financial advantages of an interconnected Gulf area, Thales is a key accomplice for intra-provincial rail ventures. In 2009, an ETCS Level 2 flagging contract was granted by Saudi Arabia's Public Investment Fund (PIF) for the North-South Railway (NSR). The NSR extends for 2,400km, and intends to ease versatility for cargo and travelers crosswise over one of the harshest desert conditions on earth.
As a major aspect of this undertaking, Thales conveys its primary line European standard coordinated arrangement ETCS Level 2, interlockings, rail field components, an Operation Control Center (OCC), interchanges, traveler data and security arrangements, just as framework reconnaissance and charge accumulation frameworks. The task speaks to the longest ETCS framework on the planet, interfacing Riyadh with the north of the Kingdom. In September 2016, Thales has been granted an agreement to play out the upkeep of the North South line.
Thales was additionally granted an agreement in 2009, by China Railway Construction Corp., to supply, coordinate and convey its demonstrated driverless train control and media transmission frameworks for the Al Mashaaer Al Mugaddassah metro venture. The undertaking, the primary arranged metro in the Mecca district, is roughly 20km long and includes Thales' reality driving SelTrac Communications-Based Train Control (CBTC) arrangement. A sub-station is given to every one of the three principle territories adjusted by the metro venture.
The trains additionally give an ability to move 72,000 travelers for every hour per course. The Kingdom of Saudi Arabia's Ministry of Municipal and Rural Affairs (MOMRA) procured Thales' completely coordinated correspondences arrangement which incorporated an Operation Control Center (OCC), CCTV, SCADA2 and a programmed location and data framework. The Southern Metro Line currently retains a piece of the colossal transport request amid the Hajj (journey) period, encouraging the portability of two million individuals.
Website- www.travel4umrah.com
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The petro-yuan bombshell
http://uniteordie-usa.com/the-petro-yuan-bombshell/ http://uniteordie-usa.com/wp-content/uploads/2018/01/Dollar-Value-Since-1913-600x386.jpg The petro-yuan bombshell by Pepe Escobar (cross-posted with the Asia Times by special agreement with the author) The new 55-page âAmerica Firstâ National Security Strategy  (NSS), drafted over the course of 2017, defines Russia and China as ârevisionistâ powers, ârivalsâ, and for all practical purposes strategic competi...
by Pepe Escobar (cross-posted with the Asia Times by special agreement with the author)
The new 55-page âAmerica Firstâ National Security Strategy  (NSS), drafted over the course of 2017, defines Russia and China as ârevisionistâ powers, ârivalsâ, and for all practical purposes strategic competitors of the United States.
The NSS stops short of defining Russia and China as enemies, allowing for an âattempt to build a great partnership with those and other countriesâ. Still, Beijing qualified it as ârecklessâ and âirrational.â The Kremlin noted its âimperialist characterâ and âdisregard for a multipolar worldâ. Iran, predictably, is described by the NSS as âthe worldâs most significant state sponsor of terrorism.â
Russia, China and Iran happen to be the three key movers and shakers in the ongoing geopolitical and geoeconomic process of Eurasia integration.
The NSS can certainly be regarded as a response to what happened at the BRICS summit in Xiamen last September. Then, Russian President Vladimir Putin insisted on âthe BRIC countriesâ concerns over the unfairness of the global financial and economic architecture which does not give due regard to the growing weight of the emerging economiesâ, and stressed the need to âovercome the excessive domination of a limited number of reserve currenciesâ.
That was a clear reference to the US dollar, which accounts for nearly two thirds of total reserve currency around the world and remains the benchmark determining the price of energy and strategic raw materials.
And that brings us to the unnamed secret at the heart of the NSS; the Russia-China âthreatâ to the US dollar.
The CIPS/SWIFT face-off
The website of the China Foreign Exchange Trade System (CFETS) recently announced the establishment of a yuan-ruble payment system, hinting that similar systems regarding other currencies participating in the New Silk Roads, a.k.a. Belt and Road Initiative (BRI) will also be in place in the near future.
Crucially, this is not about reducing currency risk; after all Russia and China have increasingly traded bilaterally in their own currencies since the 2014 US-imposed sanctions on Russia. This is about the implementation of a huge, new alternative reserve currency zone, bypassing the US dollar.
The decision follows the establishment by Beijing, in October 2015, of the China International Payments System (CIPS). CIPS has a cooperation agreement with the private, Belgium-based SWIFT international bank clearing system, through which virtually every global transaction must transit.
What matters in this case is that Beijing â as well as Moscow â clearly read the writing on the wall when, in 2012, Washington applied pressure on SWIFT; blocked international clearing for every Iranian bank; and froze $100 billion in Iranian assets overseas as well as Tehranâs potential to export oil. In the event Washington might decide to slap sanctions on China, bank clearing though CIPS works as a de facto sanctions-evading mechanism.
Last March, Russiaâs central bank opened its first office in Beijing. Moscow is launching its first $1 billion yuan-denominated government bond sale. Moscow has made it very clear it is committed to a long term strategy to stop using the US dollar as their primary currency in global trade, moving alongside Beijing towards what could be dubbed a post-Bretton Woods exchange system.
Gold is essential in this strategy. Russia, China, India, Brazil & South Africa are all either large producers or consumers of gold â or both. Following what has been extensively discussed in their summits since the early 2010s, the BRICS are bound to focus on trading physical gold.
Markets such as COMEX actually trade derivatives on gold, and are backed by an insignificant amount of physical gold. Major BRICS gold producers â especially the Russia-China partnership â plan to be able to exercise extra influence in setting up global gold prices.
The ultimate politically charged dossier
Intractable questions referring to the US dollar as top reserve currency have been discussed at the highest levels of JP Morgan for at least five years now. There cannot be a more politically charged dossier. The NSS duly sidestepped it.
The current state of play is still all about the petrodollar system; since last year what used to be a key, âsecretâ informal deal between the US and the House of Saud is firmly in the public domain.
Even warriors in the Hindu Kush may now be aware of how oil and virtually all commodities must be traded in US dollars, and how these petrodollars are recycled into US Treasuries. Through this mechanism Washington has accumulated an astonishing $20 trillion in debt â and counting.
Vast populations all across MENA (Middle East-Northern Africa) also learned what happened when Iraqâs Saddam Hussein decided to sell oil in euros, or when Muammar Gaddafi planned to issue a pan-African gold dinar.
But now itâs China whoâs entering the fray, following on plans set up way back in 2012. And the name of the game is oil-futures trading priced in yuan, with the yuan fully convertible into gold on the Shanghai and Hong Kong foreign exchange markets.
The Shanghai Futures Exchange and its subsidiary, the Shanghai International Energy Exchange (INE) have already run four production environment tests for crude oil futures. Operations were supposed to start at the end of 2017; but even if they start sometime in early 2018 the fundamentals are clear; this triple win (oil/yuan/gold) completely bypasses the US dollar. The era of the petro-yuan is at hand.
Of course there are questions on how Beijing will technically manage to set up a rival mark to Brent and WTI, or whether Chinaâs capital controls will influence it. Beijing has been quite discreet on the triple win; the petro-yuan was not even mentioned in National Development and Reform Commission documents following the 19th CCP Congress last October.
Whatâs certain is that the BRICS supported the petro-yuan move at their summit in Xiamen, as diplomats confirmed to Asia Times. Venezuela is also on board. Itâs crucial to remember that Russia is number two and Venezuela is number seven among the worldâs Top Ten oil producers. Considering the pull of Chinaâs economy, they may soon be joined by other producers.
Yao Wei, chief China economist at Societe Generale in Paris, goes straight to the point, remarking how âthis contract has the potential to greatly help Chinaâs push for yuan internationalization.â
The hidden riches of âbeltâ and âroadâ
An extensive report by DBS in Singapore hits most of the right notes linking the internationalization of the yuan with the expansion of BRI.
In 2018, six major BRI projects will be on overdrive; the Jakarta-Bandung high-speed railway, the China-Laos railway, the Addis Ababa-Djibouti railway, the Hungary-Serbia railway, the Melaka Gateway project in Malaysia, and the upgrading of Gwadar port in Pakistan.
HSBC estimates that BRI as a whole will generate no less than an additional, game-changing $2.5 trillion worth of new trade a year.
Itâs important to keep in mind that the âbeltâ in BRI should be seen as a series of corridors connecting Eastern China with oil/gas rich regions in Central Asia and the Middle East, while the âroadsâ soon to be plied by high-speed rail traverse regions filled with â what else â un-mined gold.
A key determinant of the future of the petro-yuan is what the House of Saud will do about it. Should Crown Prince â and inevitable future king â MBS opt to follow Russiaâs lead, to dub it as a paradigm shift would be the understatement of the century.
Yuan-denominated gold contracts will be traded not only in Shanghai and Hong Kong but also in Dubai. Saudi Arabia is also considering to issue so-called Panda bonds, after the Emirate of Sharjah is set to take the lead in the Middle East for Chinese interbank bonds.
Of course the prelude to D-Day will be when the House of Saud officially announces it accepts yuan for at least part of its exports to China. A follower of the Austrian school of economics correctly asserts that for oil-producing nations, higher oil price in US dollars is not as important as market share; âThey are increasingly able to choose in which currencies they want to trade.â
Whatâs clear is that the House of Saud simply cannot alienate China as one of its top customers; itâs Beijing who will dictate future terms. That may include extra pressure for Chinese participation in Aramcoâs IPO. In parallel, Washington would see Riyadh embracing the petro-yuan as the ultimate red line.
An independent European report points to what may be the Chinese trump card; âan authorization to issue treasury bills in yuan by Saudi Arabiaâ; the creation of a Saudi investment fund; and the acquisition of a 5% share of Aramco.
Nations under US sanctions such as Russia, Iran and Venezuela will be among the first to embrace the petro-yuan. Smaller producers such as Angola and Nigeria are already selling oil/gas to China in yuan.
And if you donât export oil but is part of BRI, such as Pakistan, the least you can do is replace the US dollar in bilateral trade, as Interior Minister Ahsan Iqbal is currently evaluating.
A key feature of the geoconomic heart of the world moving from the West to Asia is that by the start of the next decade the petro-yuan and trade bypassing the US dollar will be certified facts on the ground across Eurasia.
The NSS for its part promises to preserve âpeace through strengthâ. As Washington currently deploys no less than 291,000 troops in 183 countries and has sent Special Ops to no less than 149 nations in 2017 alone, itâs hard to argue the US is at âpeaceâ â especially when the NSS seeks to channel even more resources to the industrial-military complex.
âRevisionistâ Russia-China have committed an unpardonable sin; they have concluded that pumping the US military budget by buying US bonds that allow the US Treasury to finance a multi-trillion dollar deficit without raising interest rates is an unsustainable proposition for the Global South. Their âthreatâ â under the framework of the BRICS as well as the SCO, which includes prospective members Iran and Turkey â is to increasingly settle bilateral and multilateral trade bypassing the US dollar.
It ainât over till the fat (golden) lady sings. When the beginning of the end of the petrodollar system â established by Kissinger in tandem with the House of Saud way back in 1974 â becomes a fact on the ground, all eyes will be focused on the NSS counterpunch.
Read More:Â http://thesaker.is/the-petro-yuan-bombshell/
#âAmerica Firstâ National Security Strategy  (NSS)#Belt and Road Initiative (BRI)#BRIC countries#China#China Foreign Exchange Trade System (CFETS)#Iran#Russia#Russian President Vladimir Putin
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Dubai, UAE: The prospects for the higher education sector in the UAE is bright, experts speaking at the forthcoming IPSEF Higher Education Forum say. UAE based universities have grown consistently in enrolments and revenues at a robust compound annual growth rate of 8-10 percent. The overall student base across local and international university campuses in UAE is estimated to be 162,000, with Dubai hosting around 60,000 students, of which 20 percent are graduate students and 80 percent are in undergraduate level programs. The current overall revenue base for the higher education market in the UAE is estimated to be over US$ 1bn, and with the sector expected to witness the entry of new players, the market will only increase in value in the next few years. The data was revealed by Higher Education UAE, whose co-founder and Chief Strategy Officer Ajay Shukla will be heading a panel in IPSEF Higher Education Forum on Transnational Higher Education â Opportunities and Challenges. He will be joined by Cathy Gilbert, Director of External Relations, University of Birmingham; Tariq Shaikh Managing Director, R J Fleming and Partner at RHT Partners; and Jitin Sethi, Senior Vice President, Parthenon-EY. Taking place on 4-5 October 2017 at the Jumeirah Creekside Hotel the IPSEF Higher Education Forum builds upon the successful series of school conferences from the IPSEF stable of high level business events for the international education community. This HE-focused conference will address four key stakeholder groups involved in the higher education sector, about opportunities for expansion in the Middle East and North Africa, including colleges and universities who are looking to set-up branches or a new campus in the region, operators of existing higher education institutions, regulators as well as the supplier community that provides products, services and solutions for the higher education sector. âThe region has seen a tremendous growth in the higher education sector, driven by the increase of enrollment in both state colleges and universities as well as private institutions including branch campuses of many well-established entities from abroad that are expected to fill in a growing demand. We believe this new stream will be a suitable venue for sharing best practices and new insights on how the various stakeholder groups can take advantage of the opportunities and mitigate the risks,â said Mark Roelofsen, co-founder, IPSEF. The UAE is home to one of the largest concentrations of university campuses and programs in the world. Higher Education in the Emirates reflects the population diversity (85 percent expatriates) with campuses from UK, USA, Australia, France, Russia, India and other countries. UAE has also created sector specific free-zones infrastructure including Masdar City, Dubai International Academic City, Dubai International Financial Centre, Dubai Knowledge Park, Dubai Healthcare City, Dubai Internet City, Dubai Media City, Jebel Ali Free Zone, Dubai World Central (transport and logistics), Dubai Design District (D3) that provide a pathway to employability and industry exposure. Robust local market and access to the broader region with potential to draw students from GCC and MENASA regions make it an attractive hub for student diversity. The key geographies are UAE, Saudi Arabia, India and Pakistan and more recently North Africa and Eastern Europe/CIS. âDue to clear, consistent and responsive regulations governing setting up of branch campuses or new universities, liberal student/faculty visas, and incubation infrastructure support the UAE market offers a unique opportunity and early mover advantage in establishing a high quality, globally reputed institution. Further, a liberal and modern society is an attraction for high quality academic and professional talent. It is now at an inflexion point of raising the quality and market relevance of the programs and fostering local research and intellectual base,â said Shukla. The latest entrant to the UAEâs higher education landscape is the University of Birmingham Dubai, the latest phase in the universityâs global expansion and builds on its international teaching activities in Singapore and China, as well as its extensive international research partnerships. âOur own market analysis identified a clear gap in the market for a top 100 global university to establish a campus in Dubai, with clear demand from students from the emirate itself, the wider UAE, as well as from key South Asian and North and Sub-Saharan Africa markets seeking the opportunity to receive the highest quality British education underpinned by a strong research pedigree in this easily accessible location. This alongside the commitment of the Dubai government to establishing an international education hub, which builds on its high-quality international primary and secondary education system, is driven by a strong English Language base, and supported through the creation of an education free zone, made it the right location for us,â said Cathy Gilbert, Director of External Relations, University of Birmingham. University of Birmingham Dubai will be located in Dubai International Academic City (DIAC) and the first phase of the campus will open in late 2017, with the first undergraduate and postgraduate students starting their studies in September 2018. Initially, Dubai students will have a choice of study areas including Business, Economics, Computer Science, Mechanical Engineering, and Primary and Secondary Teacher Education, with additional programmes in development. Degrees at University of Birmingham Dubai will be taught, examined and accredited to the same recognised high standards as those delivered on the Universityâs UK campus in Birmingham and all programmes carry the approval by the Dubai Governmentâs Knowledge and Human Development Authority (KHDA). Through a series of case studies, panel discussions and key-note presentations the IPSEF HE Forum will raise awareness of the key components involved in developing a strategy for expansion or market entry, and will include how to design a campus abroad, top tips for finding the right partners in the UAE, understanding and complying with various legal frameworks, market reports and data, staff recruitment, student recruitment, as well as presenting case histories from the UAE and the wider MENA region. Guests will have the opportunity to network with a broad range of senior figures with whom they can build up long-term professional relationships as well as participate in the University Campus tour that is part of the agenda. Some of the high profile speakers who will be sharing their expert insights include Ahmed Al Ansari, Acting Chief Executive Officer, Dubai South; Prof Christopher Abraham, Head â Dubai Campus, S P Jain School of Global Management; Ahmed Badreldin, Partner, The Abraaj Group; Dr Warren Fox, Chief of Higher Education, KHDA; Cathy Gilbert, Director of External Relations, University of Birmingham; Roland Hancock, Director, PwC; Clay Hensley, Senior Director, International Higher Education Outreach, The College Board; Prof. Ammar Kaka, Provost and Vice-Principal, Heriot-Watt University and Andy Nicol, Managing Director, Hobsons Solutions; Ian Pratt, Director, Scott Brownrigg; Arjun Puri, Head of admissions, O P Jindal Global University; Dr. Narayanan. Ramachandran, Pro Vice Chancellor, Amity University; Abhishek Sharma, Chief Executive Officer, Foundation Holdings; Ross Barfoot, Partner, Clyde & Co; Zalfa Chamoun Hart, Director, Chamoun Hart; Daniel Adkins, Chief Executive Officer, Transnational Academic Group Middle East; Taner Topcu, Director, RAK FTZ Academic Zone; Cameron Mirza, Head of Transformation, University of Bahrain; and Philip Corfield-Smith, Real Estate Partner, Pinsent Mason. The IPSEF Higher Education Forum is taking place alongside IPSEF Middle East, scheduled on 3-5 October at the same venue. The latter is an equally high-level conference focusing on the private and international schools market in the region. Further information on both events, including registration details, may be obtained by visiting www.ipsef.net. via Edarabia.com
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Dubai, UAE: The prospects for the higher education sector in the UAE is bright, experts speaking at the forthcoming IPSEF Higher Education Forum say. UAE based universities have grown consistently in enrolments and revenues at a robust compound annual growth rate of 8-10 percent. The overall student base across local and international university campuses in UAE is estimated to be 162,000, with Dubai hosting around 60,000 students, of which 20 percent are graduate students and 80 percent are in undergraduate level programs. The current overall revenue base for the higher education market in the UAE is estimated to be over US$ 1bn, and with the sector expected to witness the entry of new players, the market will only increase in value in the next few years. The data was revealed by Higher Education UAE, whose co-founder and Chief Strategy Officer Ajay Shukla will be heading a panel in IPSEF Higher Education Forum on Transnational Higher Education â Opportunities and Challenges. He will be joined by Cathy Gilbert, Director of External Relations, University of Birmingham; Tariq Shaikh Managing Director, R J Fleming and Partner at RHT Partners; and Jitin Sethi, Senior Vice President, Parthenon-EY. Taking place on 4-5 October 2017 at the Jumeirah Creekside Hotel the IPSEF Higher Education Forum builds upon the successful series of school conferences from the IPSEF stable of high level business events for the international education community. This HE-focused conference will address four key stakeholder groups involved in the higher education sector, about opportunities for expansion in the Middle East and North Africa, including colleges and universities who are looking to set-up branches or a new campus in the region, operators of existing higher education institutions, regulators as well as the supplier community that provides products, services and solutions for the higher education sector. âThe region has seen a tremendous growth in the higher education sector, driven by the increase of enrollment in both state colleges and universities as well as private institutions including branch campuses of many well-established entities from abroad that are expected to fill in a growing demand. We believe this new stream will be a suitable venue for sharing best practices and new insights on how the various stakeholder groups can take advantage of the opportunities and mitigate the risks,â said Mark Roelofsen, co-founder, IPSEF. The UAE is home to one of the largest concentrations of university campuses and programs in the world. Higher Education in the Emirates reflects the population diversity (85 percent expatriates) with campuses from UK, USA, Australia, France, Russia, India and other countries. UAE has also created sector specific free-zones infrastructure including Masdar City, Dubai International Academic City, Dubai International Financial Centre, Dubai Knowledge Park, Dubai Healthcare City, Dubai Internet City, Dubai Media City, Jebel Ali Free Zone, Dubai World Central (transport and logistics), Dubai Design District (D3) that provide a pathway to employability and industry exposure. Robust local market and access to the broader region with potential to draw students from GCC and MENASA regions make it an attractive hub for student diversity. The key geographies are UAE, Saudi Arabia, India and Pakistan and more recently North Africa and Eastern Europe/CIS. âDue to clear, consistent and responsive regulations governing setting up of branch campuses or new universities, liberal student/faculty visas, and incubation infrastructure support the UAE market offers a unique opportunity and early mover advantage in establishing a high quality, globally reputed institution. Further, a liberal and modern society is an attraction for high quality academic and professional talent. It is now at an inflexion point of raising the quality and market relevance of the programs and fostering local research and intellectual base,â said Shukla. The latest entrant to the UAEâs higher education landscape is the University of Birmingham Dubai, the latest phase in the universityâs global expansion and builds on its international teaching activities in Singapore and China, as well as its extensive international research partnerships. âOur own market analysis identified a clear gap in the market for a top 100 global university to establish a campus in Dubai, with clear demand from students from the emirate itself, the wider UAE, as well as from key South Asian and North and Sub-Saharan Africa markets seeking the opportunity to receive the highest quality British education underpinned by a strong research pedigree in this easily accessible location. This alongside the commitment of the Dubai government to establishing an international education hub, which builds on its high-quality international primary and secondary education system, is driven by a strong English Language base, and supported through the creation of an education free zone, made it the right location for us,â said Cathy Gilbert, Director of External Relations, University of Birmingham. University of Birmingham Dubai will be located in Dubai International Academic City (DIAC) and the first phase of the campus will open in late 2017, with the first undergraduate and postgraduate students starting their studies in September 2018. Initially, Dubai students will have a choice of study areas including Business, Economics, Computer Science, Mechanical Engineering, and Primary and Secondary Teacher Education, with additional programmes in development. Degrees at University of Birmingham Dubai will be taught, examined and accredited to the same recognised high standards as those delivered on the Universityâs UK campus in Birmingham and all programmes carry the approval by the Dubai Governmentâs Knowledge and Human Development Authority (KHDA). Through a series of case studies, panel discussions and key-note presentations the IPSEF HE Forum will raise awareness of the key components involved in developing a strategy for expansion or market entry, and will include how to design a campus abroad, top tips for finding the right partners in the UAE, understanding and complying with various legal frameworks, market reports and data, staff recruitment, student recruitment, as well as presenting case histories from the UAE and the wider MENA region. Guests will have the opportunity to network with a broad range of senior figures with whom they can build up long-term professional relationships as well as participate in the University Campus tour that is part of the agenda. Some of the high profile speakers who will be sharing their expert insights include Ahmed Al Ansari, Acting Chief Executive Officer, Dubai South; Prof Christopher Abraham, Head â Dubai Campus, S P Jain School of Global Management; Ahmed Badreldin, Partner, The Abraaj Group; Dr Warren Fox, Chief of Higher Education, KHDA; Cathy Gilbert, Director of External Relations, University of Birmingham; Roland Hancock, Director, PwC; Clay Hensley, Senior Director, International Higher Education Outreach, The College Board; Prof. Ammar Kaka, Provost and Vice-Principal, Heriot-Watt University and Andy Nicol, Managing Director, Hobsons Solutions; Ian Pratt, Director, Scott Brownrigg; Arjun Puri, Head of admissions, O P Jindal Global University; Dr. Narayanan. Ramachandran, Pro Vice Chancellor, Amity University; Abhishek Sharma, Chief Executive Officer, Foundation Holdings; Ross Barfoot, Partner, Clyde & Co; Zalfa Chamoun Hart, Director, Chamoun Hart; Daniel Adkins, Chief Executive Officer, Transnational Academic Group Middle East; Taner Topcu, Director, RAK FTZ Academic Zone; Cameron Mirza, Head of Transformation, University of Bahrain; and Philip Corfield-Smith, Real Estate Partner, Pinsent Mason. The IPSEF Higher Education Forum is taking place alongside IPSEF Middle East, scheduled on 3-5 October at the same venue. The latter is an equally high-level conference focusing on the private and international schools market in the region. Further information on both events, including registration details, may be obtained by visiting www.ipsef.net.
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Countries affirm no limitations imposed on international airways, except carriers owned or registered by Qatar from UAE news RSS feed via Dubai Movers, Movers in Dubai, Packers And Movers In Dubai
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