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Friday, 06 November 2009
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New committee to rule on real estate sector dud cheques

New committee to rule on real estate sector dud cheques

Real Estate
Dubai ruler issues decree in bid to settle disputes over bounced cheques in property sector.

  1. Dud cheque reports on the decrease - Dubai police

Bahrain cenbank suspends real estate caps - sources
Banking & Finance
CBB had put a 30% cap on share of real estate financing that Bahrain's banks can hold.

Abu Dhabi to ban all plastic bags in shops by mid-2010
Retail
Offenders to face a hefty fine of not less than AED10,000 ($2723) - report.

Dubai's Floating Bridge to stay for 5 more years – paper
Transportation
Construction of Dubai's Seventh Crossing, 'Dubai Smile' delayed- RTA official.


more »MIDDLE EAST BUSINESS COMMENT

The tipping scandal
Forget Damas, Dubai Properties et al, Damian Reilly says there's one scandal you can do something about.

Damian Reilly  

Are you being served?
The GCC needs to rediscover the age-old art of Arabian service if it is to wrestle control back from ruthless salespeople.

Rob Corder


more » BUSINESS INTERVIEWS

Rich man faster man

F1 legend Sir Frank Williams talks about the economics of speed, scandals & Schumi's comeback to the sport.

21st Century boy

James Law’s futuristic designs wouldn’t be out of place on a sci-fi movie set and they are coming close to reality in the Gulf.


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more » BUSINESS FEATURES

Power play

Qatar has sets its sights on the bulging middle distillates market. But can it match the muscle of export giants China & India?

Splashdown

How Microsoft is aiming to bounce back and re-affirm their status as the dominant player with Windows 7.


more »MIDDLE EAST BUSINESS EVENTS

UPCOMING EVENTS

  1. Advanced Leadership & Management Skills
    1 November 2009 | Dubai, United Arab Emirates
  2. Advanced Operational Auditing & Management Effectiveness Analysis
    1 November 2009 | Dubai, United Arab Emirates
  3. Effective Management Analysis & Operational Auditing
    1 November 2009 | Dubai, United Arab Emirates
See all events »

SPOT POLL

What do you think about the offer of free legal advice to people caught in Dubai property disputes?

Amid the real estate gloom, this is the best news for months and will improve transparency.
This is a good move and should redress the imbalance between investor and developer.
By offering a free service, it will just encourage people to abuse the complaints system.
It's too little, too late and I doubt many people will actually qualify for the free advice.
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READER COMMENTS

  1. The tipping scandal 12
    06 Nov ' 09 at 14:49
    We all know that the waiters and other staff in similar roles are very poorly paid. To then have management decide to take away part...   More  »
  2. 59% Dubai residents still to ride metro - poll 02
    06 Nov ' 09 at 11:28
    dan yu come from a country which is nice and cold with good weather where you can walk and breathe fresh air and take the metro.keep...   More  »
  3. Harvey Nicks CEO sees Dubai luxury market saturation 01
    06 Nov ' 09 at 09:00
    Joseph Wan is probably correct in his forecast that the Dubai market will be over saturated with 'high-end retail'.As far as which...   More  »

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Gitex 2009

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