One currency trend that is unlikely to change soon is the time it takes for funds transferred from the Gulf to appear in an overseas account. According to Brian Dolan of Forex.com, Gulf-based expatriates often have to wait a week or more before the money they send home is accessible from their domestic bank.
"That comes down to banking operations," Mr Dolan says. "An intra-bank currency trade settles in two business days based on time zones and the fact that the trade might be done, for example, in the New York afternoon after the German bank that initiated the transaction closed up.
"Then it takes a couple of days for the communications to be sent back and forth between the banks and the funds to be credited. It comes down to time delays and the banks involved. But how do banks make money? They earn the float, meaning the longer the money is in transit you're not earning the interest on it, they are.
"It's one of the reasons customers are more demanding, saying, 'Hey, it shouldn't take a week and a half to transfer my money. If you don't do it in two days, then I am taking my business elsewhere'."
The%20specs
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Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
COMPANY%20PROFILE
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UAE Premiership
Results
Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes
Fixture
Friday, March 29, Abu Dhabi Harlequins v Jebel Ali Dragons, The Sevens, Dubai