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Sunday, 21 March 2010
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Abdullah brothers banned over Damas scandal

Abdullah brothers banned over Damas scandal

Banking & Finance
UAE jewellery bosses banned from the board for 10 years and fined $3m.

  1. Damas close to signing $1.08bn debt standstill - paper
  2. Abdullah brothers pledge 350 mn Damas shares

EXCLUSIVE: Dubai issues 'alcohol in food' ban to hotels
Retail
Ban sparks mass confusion among restaurants after official letter.

Bharti gets $8.3bn in funding for Zain purchase
Technology
Bharti will get $7.5bn in loans from group of banks led by Standard Chartered and Barclays.

Abu Dhabi airport sees 17.2% growth in Feb
Travel & Hospitality
Passenger numbers up while aircraft movements rise by 13%, cargo by 17%.

more »MIDDLE EAST BUSINESS COMMENT

Dubai in numbers makes great reading
Damian Reilly says they paint a fascinating portrait of the city during the horror year that was 2009.

 Damian Reilly  

Official: 2009 was a bad year for car dealers
Think Saudi's the biggest car market in the Gulf? Think again, says Shahzad Sheikh.

 Shahzad Sheikh

more » BUSINESS INTERVIEWS

Jeff Immelt

The boss of General Electric is facing a rough ride but he insists that he won't change course.

Khalaf Al Habtoor

The UAE legend has turned 61, but Khalaf Al Habtoor is busier than ever before, he tells Claire Ferris-Lay.


more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. Abdullah brothers banned over Damas scandal

Construction & Industry

  1. Mobile health unit launched for UAE labourers

Culture & Society

  1. Emirates NBD chief hails potential of fine art

Education

  1. Emaar outsources education portfolio

Energy

  1. Oil market update: Crude oil futures slip

Healthcare

  1. Mobile health unit launched for UAE labourers

Islamic Finance

  1. Nakheel woes may benefit Islamic finance

Media & Marketing

  1. Mideast viewers prefer crime-based TV shows

Personal Finance

  1. Saudi Arabia approves first ETF open for foreigners

Politics & Economics

  1. Tony Blair’s $1.5m deal to advise Kuwait rulers

Real Estate

  1. UAE's Union Properties open to sell assets - report

Retail

  1. Abdullah brothers banned over Damas scandal

Sport

  1. RTA opens roads and bridges to Meydan Racecourse

Technology

  1. Bharti gets $8.3bn in funding for Zain purchase

Transportation

  1. Abu Dhabi airport sees 17.2% growth in Feb

Travel & Hospitality

  1. Abu Dhabi airport sees 17.2% growth in Feb

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more » BUSINESS FEATURES

Mob rule

Italy's economy may have shrunk by 5% last year, but that didn't stop the mafia notching up $106.5bn in profits.

James Hogan

The veteran Australian now faces his biggest ever challenge: turning the UAE national carrier Etihad Airways into profit by 2011.


more »MIDDLE EAST BUSINESS EVENTS

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MORE TOP MIDDLE EAST BUSINESS STORIES

  1. Emaar outsources education portfolio
  2. Mobile health unit launched for UAE labourers
  3. GCC unemployment forecast to hit 10.5% in 2010
  4. Dubai school inspection results out in May
  5. Depa buys out marble producer Carrara
All Middle East business news stories »

SPOT POLL

Is Dubai right to ban the use of alcohol in cooking?

Yes, this is a Muslim country and so alcohol should be banned completely.
Yes, there are plenty of dishes you can cook without alcohol.
Dishes prepared with alcohol should be on a separate menu.
No, it should be left as it is.
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Best of 2009 - Special Report

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READER COMMENTS

  1. EXCLUSIVE: Dubai issues 'alcohol in food' ban to hotels 26
    21 Mar ' 10 at 19:24
    ...hmmmm did any of you care to read the label on a bottle of Listerine?What now.. no more mouthwash too?   More  »
  2. Atlantis frees Sammy the whale shark 06
    21 Mar ' 10 at 12:24
    So, everyone moans & groans about “SAMMY” being kept in Captivity and not having its FREEDOM to swim in the free waters & live in...   More  »
  3. Dubai plans cost friendly offers to woo tourists - paper 05
    21 Mar ' 10 at 16:33
    John, I couldn't agree more. The real experience of Dubai, and other places in the Arabian Peninsula is not found in the fancy,...   More  »

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