International Edition
10 Feb 2012 Updated at 12:51 AM UAE

Nakheel claims O’Donnell defence was “strong”

Dubai developer said it would appeal the $3.25 verdict against it if it could

Nakheel's statement in full Chris O’Donnell statement in full Nakheel lawyers trim claims bill of ex employee Nakheel ordered to pay $20m to contractor First images of The Pointe on Dubai's Palm
Abu Dhabi-listed Waha earned a net profit of $25.32m in Q4
GCC»

Dubai shares close on five month high

Arabtec and Shuaa Capital lead gains over the past week

Doctor, nurse, healthcare, medical generic
Healthcare»

DM Healthcare to hire 11,000 staff for expansion

Indian medical firm eyes 300 units in the Gulf, 15 hospitals in India

Travel & Hospitality»

JW Marriott Marquis hotel to be world's tallest

Opening in Q4, the 355m-hotel in Dubai will take the title from Rotana

Sport»

Real Madrid tops richest football club list

Middle East sponsorship could boost revenues of Man City and Barcelona

More business news

HBSC completes first ever government guaranteed Sukuk in Saudi

QNB taps global debt markets

Etisalat takes $827m charge on Indian operations

Cabrera-Bello makes scorching start to lead Dubai Classic

Emirates faces $1.1m fine for breaching Sydney airport curfew

Nakheel's statement in full

Chris O’Donnell statement in full

View all more business news >>

Poll

Gold has seen its price rise 11% since the start of 2011. Do you think it will:

Interviews & Features

Features » Features RSS

We thought we’d get rich quick: Real-life investor stories

Business expertise and funding tapped for disaster aid

The success of modern Saudi was partly build on the end of tribal infighting

Saudi tribal ties linger on for Gulf kingdom's settled Bedouin

Saudi artists are finding creative ways to sidestep censorship

Saudi artists push the limits of expression with rare exhibition

Interviews » Interviews RSS

The Evander Holyfield Foundation has long been a supporter of youth programmes, including several scholarships, leadership academies and grants for youngsters

Evander Holyfield interview: The Real Deal

Joe Tucci interview: Age of the Zettabyte

DSI's Zeina Tabari on deals, buyouts and building an empire

Going it alone: Alex Andarakis on life after the GCC's blue chips

5

Middle East Market Data »

ADX

Market closed at 2,465
ASE

Market closed at 1,951
BSE

Market closed at 1,136
DFM

Market closed at 1,482
KSE

Market closed at 5,851
MSM

Market closed at 5,624
QE

Market closed at 8,691
SSE

Market closed at 6,744

Equities news

Commodities news

Opinion » Opinion RSS

How to buy freehold property in Dubai

Kabir Mulchandani examines the process for property buyers in the UAE.

Construction industry must raise the safety game

[Image for illustrative purposes only]

Recent scaffold collapses raise the spectre of poor health and safety compliance

1

Abu Dhabi construction: Executive decision

The Louvre Abu Dhabi now seems assured of a bright future

Abu Dhabi has confirmed its commitment to the goals of its 2030 Vision

Renewable commitment

Renewable energy is the key to sustainable development

Could gold reach $3,000 an ounce?

Is gold the new property? Despite last year's slump the market is starting to look up again

1

Now is the time to act on youth unemployment

Bureaucracies in the Arab world have failed to create opportunities for young graduates

Lifestyle » Lifestyle RSS Arts Cars Food Personal Tech Property Sport

Lifestyle»

Saudi women drag racing video becomes YouTube hit

Cezanne's Card Players has been bought by Qatar for $250m.
Arts»

Qatar royals buy Cezanne painting for $250m

Retail»
Harman House sees 42% sales jump during DSF
Sport»
Boxing legend Holyfield takes aim at media and commentators
Sport»
Scot Paul Lawrie seals win at Qatar Masters
Travel & Hospitality»
World Cup to boost GCC tourism by 10%

GCC » GCC RSS Bahrain Kuwait Oman Qatar Saudi Arabia UAE

GCC»

Virgin Megastore pulls Kuwait operations, store to close end-Feb

Views of the UAE capital, Abu Dhabi
Banking & Finance»

ADIA ranked largest sovereign wealth fund

Sport»
Stunt pilot crashes into Al Ain football match

Technology»
Bahrain telco Viva ordered to stop charging cancellation fees

Transport»
James Hogan hails “historic day” for Etihad Airways

Real Estate»
Chris O’Donnell wins $3.7m legal battle with Nakheel

World » World RSS Africa Americas Asia Pacific Europe Middle East South Asia

Travel & Hospitality»

JW Marriott Marquis to be world's tallest hotel

Sport»

Real Madrid tops richest football club list for seventh time

Sukuk»
HBSC completes first ever government guaranteed Sukuk in Saudi

Bonds»
QNB taps global debt markets

Technology»
Etisalat takes $827m charge on Indian operations

Healthcare»
DM Healthcare to hire 11,000 staff for expansion

Industries » Industries RSS Banking & Finance Construction Education Energy Healthcare

Media»

Emirates rejects PETA ad as too graphic

UEFA president Michel Platini
Sport»

US firm scoops key Qatar 2022 contract

Transport»
Flydubai stays mute on Saudi domestic licence

Travel & Hospitality»
Organic food off the menu for UAE hotels

Real Estate»
Burj Khalifa property prices fall to AED2,100 per square foot

Personal Finance»
UAE's $2.7bn debt fund signs deals with lenders

Middle East Events »

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  • Construction Project Risk and Control

    Conference - Abu Dhabi, United Arab Emirates

    12 February 2012 to 14 February 2012

    Protecting your construction project success with key strategic risk management control and methodo ...
    Read More

  • Fraud and Forensic Audit

    Conference - Dubai, United Arab Emirates

    12 February 2012 to 13 February 2012

    Learning the traits of an auditor and investigator to monitor transparency and effectively detect, ...
    Read More
View all events»
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Chris O’Donnell wins $3.7m legal battle with Nakheel

Former CEO claimed he was due long term incentive payments

Emaar Hospitality Group has postponed expansion plans in the South of France and Indonesia.

Burj Khalifa property prices fall to AED2,100 per square foot

Apartments peaked at AED7,000 per square foot

James Hogan hails “historic day” for Etihad Airways

Airline makes full year profit of $137m, revenues up 36% to $4.1bn

'FedEx uses the Purple Promise Award (PPA) which recognises a team member who goes beyond the typical expectations for his or her job to ensure the customer’s needs are met.'

Revealed: Top ten places to work in the UAE

FedEx Express tops list, Microsoft second, in new survey released

New Al Jazeera boss tops Qatar Power List

Sheikh Ahmed Bin Jassim Al Thani heads list of 50 most influential

Ten most expensive paintings ever sold

Cezanne’s The Card Players tops list of most valuable paintings

'We thought we’d get rich quick'

Life after the property crash. Real life investor stories from the Dubai property market

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This Week's Magazine »
Arabian Business - 2012-02-05

Cover Story

Age of the Zettabyte
2011 was the first year in which over a zettabyte of information was created. EMC Corporation CEO Joe Tucci explains how his firm can help cope with ‘Big Data’

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