tag:blogger.com,1999:blog-8278279504304651957.post5677773548986490099..comments2024-03-26T19:25:43.970-07:00Comments on South Asia Investor Review: A Few Days in DubaiRiaz Haqhttp://www.blogger.com/profile/00522781692886598586noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8278279504304651957.post-84052567463191728862016-11-02T21:39:22.356-07:002016-11-02T21:39:22.356-07:00#Canada based #middleeast food restaurant chain Pa...#Canada based #middleeast food restaurant chain Paramount Fine Foods comes to #Pakistan. #shawarma #falafel<br />http://www.dawn.com/news/1293869/paramount-fine-foods-comes-to-pakistan<br /><br />KARACHI: Paramount Fine Foods, a Canada-based Middle Eastern cuisine franchise, is set to open its doors in Pakistan, aiming for 30 restaurants across the country in the next five years and creating employment opportunities for the youth.<br /><br />Set up 17 years ago in Ontario, Canada, by Lebanese immigrant Mohammad Fakih, Paramount now has 36 locations across Canada and plans to add another 60 restaurants around the world by the end of this year.<br /><br />A memorandum of understanding was signed between Paramount Fine Foods and Pakistan Beverage Ltd (PBL) on Wednesday.<br /><br />CEO and Managing Director of PBL Yasin H. Kassam and CEO of Paramount Fine Foods Saad Saleem signed the agreement for supply of carbonated and non-carbonated beverages to Paramount Fine Foods in Pakistan.<br /><br />The ceremony was witnessed by Paramount International Chief Operating Officer Ali Khalil, ASA Corporation Partners Atif Khan and Shahrum Saleem, Director Operations of ASA Corporation Aman Virji, Director of PBL Zaid Yasin and General Manager of PBL Agha Muhammad Khan.<br /><br />Mr Saleem said the Pakistani consumers’ food palate is expanding thanks to their travel. “With more and more people going to Dubai for vacations and getting a taste of Arab cuisine, there is demand for fine Middle Eastern dining. The roadside shawarma just doesn’t cut it. We picked the biggest Middle Eastern food chain and look forward to expanding,” he said.Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-8278279504304651957.post-56527596898940504942012-12-10T03:25:07.738-08:002012-12-10T03:25:07.738-08:00Abu Dhabi desert safari is the one of best place f...Abu Dhabi desert safari is the one of best place for trip....i like it very much.You have shared great informative blog.Thanks for info.<br /><a href="http://www.abet-uae.com/" rel="nofollow">Abu Dhabi Desert Safari </a> Anonymoushttps://www.blogger.com/profile/04409384083635011111noreply@blogger.comtag:blogger.com,1999:blog-8278279504304651957.post-59526716045865763962009-11-27T14:04:42.538-08:002009-11-27T14:04:42.538-08:00Here's some bad news about Dubai and its impac...Here's some bad news about Dubai and its impact on World markets, according to <a href="http://online.wsj.com/article/SB10001424052748703499404574561421358490650.html" rel="nofollow">Wall Street Journal</a>:<br /><br />Stocks slumped Friday as investors reacted to a debt crisis in Dubai, with more repercussions likely on tap the next few days as traders return from major holidays in both the U.S. and Middle East.<br /><br />Crude oil touched a six-week low, gold tumbled, and the dollar climbed as worried investors sought safe havens.<br /><br />The stock market's slide began in Europe, continued in Asia, and then through the U.S. trading session after Dubai said it would delay repayments on $60 billion of debt from its investment company, Dubai World. The decision raised broader questions about the safety of emerging-market debt and the strength of the global recovery The Dow Jones Industrial Average was off 233 points at its morning low and ended the shortened post-Thanksgiving session with a 154.48-point decline, off 1.5%, at 10309.92, hurt by declines in all 30 components. The Dow, which entered Friday's session at a 13-month high, ended the week down 0.1%, snapping a three-week winning streak.<br /><br />Traders and money managers drew some comfort from the U.S. market's recovery from its intraday lows Friday. Many point out that Dubai's main creditors are European banks, not Wall Street firms. But that could still lead to gyrations next week and beyond if investors with exposure to Dubai's troubles continue to unload commodities, U.S. shares, and other assets that have shown hefty gains this year to raise cash.<br /><br />"We still need to see if there's going to be a domino effect here," with Dubai's credit woes spreading to its neighbors and trading partners, said Kevin Shacknofsky, of Alpine Woods Capital Investors. "The markets are telling us for now that this is a containable problem, but we're not absolutely certain of that yet."<br /><br />In particular, traders are waiting to see details of possible aid from oil-rich Abu Dhabi to prop up Dubai. Both are city-states within the federation known as the United Arab Emirates, which was the world's eighth-largest oil producer in 2008, according to U.S. government data.<br /><br />Analysts said such a rescue may have to be hammered out in the coming days, since many key players in the Middle East are away Friday for the Eid Al-Adha holiday marking the end of the annual Muslim pilgrimage to Mecca. Trading was light in the U.S. on Friday, with many participants taking an extended Thanksgiving break.<br /><br />In Asia, Japan's Nikkei stock average slid 3.2%. Hong Kong's Hang Seng index tumbled 4.8%. South Korea's benchmark dropped 4.7%.<br /><br />The dollar rose, with the U.S. Dollar Index, which measures the greenback against a basket of six other currencies, up 0.2%. The euro fell to $1.4960, down from $1.5017 late Wednesday.<br /><br />Treasurys also gained. The two-year note was recently up 4/32 to yield 0.687%, while the 10-year note rose 17/16 to yield 3.207%.<br /><br />Friday's moves in the financial markets reverse a recent trend in which investors have generally favored riskier investments, reflecting optimistism that the world was coming out of recession. But now attention is turning not just to Dubai but also to Greece, which is scrambling to refinance its mounting public debt.<br /><br />http://online.wsj.com/article/SB10001424052748703499404574561421358490650.htmlRiaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.com