International Edition
21 May 2013 Updated at 9:44 PM UAE
Industries»

LIVE: The 8th annual Arabian Business Forum

LIVE: The 8th annual Arabian Business Forum

Live updates from today's event, with speakers including Dr Nasser Saidi and Ryan Mahoney

Job creation is No 1 priority for Arab world - Saidi 53% of UAE bank customers 'want to switch' - poll Dubai buyers 'should focus on rental yields'
Qatar's QNB set to launch Indian ops in Q3
Banking & Finance»

Qatar's QNB set to launch Indian ops in Q3

Gulf's biggest lender says it has received all regulatory approvals to establish subsidiary

Qatar's QNB posts 6.7% rise in Q1 net profit Qatar's QNB completes deal for Egyptian stake Gulf's largest lender set to issue $500m bond
Eight bosses sacked in big Kuwait Petroleum shake-up
Energy»

Eight bosses sacked in big Kuwait Petroleum shake-up

State-owned energy firm wields the axe further following $2.2bn payout to settle Dow dispute

Banking & Finance»

IMF says not worried by Dubai's debt obligations

Senior International Monetary Fund official unconcerned about debt estimated at $48bn

Dubai may get creative to ease looming debt hump Dubai looking at alternate plan for debt repayment - Sheikh Ahmed Dubai's non-oil trade jumps 16% in Q1
UAE private sector holiday confirmed for June 6
Culture & Society»

UAE private sector holiday confirmed for June 6

Workers in private sector will get paid holiday to observe Isra Wal Miraj, says Labour Minister

Bahrain's Batelco says CEO leaves, former boss steps in
Technology»

Bahrain's Batelco says CEO leaves, former boss steps in

Batelco has appointed Peter Kaliaropoulos as chief operating officer

Bahrain telco Batelco's profit falls 17% Batelco to price $650m 7 year bond Monday Bahrain's Batelco picks banks for bond roadshow
Solar power brightens Oman oil output prospects
Energy»

Solar power brightens Oman oil output prospects

Enhanced oil recovery projects account for a significant volume of natural gas use in Oman

Oman forced to import fuels after refinery shutdown Oman seeks $4bn loan for Duqm refinery Oman to build, pay for $1bn oil storage plant
Saudi Arabia detains 10 more in Iran spying case
Politics & Economics»

Saudi Arabia detains 10 more in Iran spying case

Sunni Muslim kingdom accuses the Islamic Republic of stirring unrest among Shi'ites minority

Iran said to execute two men for spying Saudi Arabia arrests 18 in spying investigation Iran says not linked to group arrested in Saudi for spying
Egypt tourist arrivals rise, not back to pre-revolt levels
Travel & Hospitality»

Egypt tourist arrivals rise, not back to pre-revolt levels

Around 4 million tourists visited Egypt in the first four months of 2013

Egypt opens alcohol-free hotel in popular Red Sea resort Egypt, Iran resume direct flights after 34 years Egypt tourism rises in 2012, still below pre-revolt level

Middle East Market Data »

ADX

Market closed at 3,523
ASE

Market closed at 2,011
BSE

Market closed at 1,163
DFM

Market closed at 2,341
KSE

Market closed at 8,126
MSM

Market closed at 6,385
QE

Market closed at 9,064
SSE

Market closed at 7,307
Iranians face new Internet curbs before presidential election
Politics & Economics»

Iranians face new Internet curbs before presidential election

Previous elections have seen protests organised via social media sites such as Twitter and Facebook

UAE, Bahrain hit out at Iran as 'not a good neighbour' Iran said to execute two men for spying Iran says ready for nuclear talks with world powers
Qatar should consider more flexible exchange rate
Banking & Finance»

Qatar should consider more flexible exchange rate

Ditching dollar peg in favour of Singapore-style currency regime would reduce inflation risk says central bank official

‘Every incentive’ for GCC currency, says ex DIFC boss UAE Central Bank revokes money exchange licences Inflation spikes as Qatar gears up for spending spree
Kuwaiti oil workers on strike over pay
Energy»

Kuwaiti oil workers on strike over pay

More than 1,000 staff at Oil Sector Services gather at union building instead of turning up for work

Kuwait's KPC suspends top officials after Dow payout Eight bosses sacked in big Kuwait Petroleum shake-up Kuwait giant said to win $930m payout in Libya dispute
Doha Bank may sell bonds to raise capital - CEO
Bonds»

Doha Bank may sell bonds to raise capital - CEO

Qatar's fifth-largest lender by market value had previously planned to hike its paid-up capital by 50 percent,

Doha Bank eyes big push on overseas operations Doha Bank says $426m rights issue 1.8 times oversubscribed Moody's puts 12 GCC banks on review for possible downgrade
Qatar to get $500m of shares in Russian bank VTB
Banking & Finance»

Qatar to get $500m of shares in Russian bank VTB

Bank's chief executive says equal allocations will go to SWFs of Qatar, Norway, Azerbaijan

MidEast e-commerce growth fastest in world, says Visa
Retail»

MidEast e-commerce growth fastest in world, says Visa

Latest data from payment solutions provider shows region saw 45% growth to $15bn

Politics & Economics»

UK sold $874m of arms to Gulf in 2012 - report

Arms trade watchdog raises concerns over deals amid 'human rights abuse and lack of democracy'

Oman, Qatar eye $210m military deals with US US arms talks with MidEast 'clear signal to Iran' MidEast military spend rises amid global slowdown
Construction»

India's L&T wins gas plant contract in Saudi Arabia

State-run Saudi Aramco awards deal for Midyan gas field facilities to Larsen & Toubro

Saudi Aramco invites bids for Jizan power plant Saudi Aramco starts up giant Manifa oilfield Saudi Arabia said to raise oil production in April
Turkish Airlines says sorry for flights mix-up
Travel & Hospitality»

Turkish Airlines says sorry for flights mix-up

Carrier flies American couple to Dhaka, Bangladesh when they intended to travel to Dakar, Senegal

Arabtec says working to resolve labour dispute
Construction»

Arabtec says working to resolve labour dispute

Dubai construction firm says strike action will not impact project delivery schedule - statement

53% of UAE bank customers 'want to switch' - poll
Banking & Finance»

53% of UAE bank customers 'want to switch' - poll

New survey reveals more than half mull move away from bank after poor customer service

More to this bull market than meets the eye
Equities»
More to this bull market than meets the eye
Your guide to looking sharp in business
Fashion»
Your guide to looking sharp in business
Are there too many Brits in the UAE?
Culture & Society»
Are there too many Brits in the UAE?
The world according to Badr Jafar
Banking & Finance»
The world according to Badr Jafar
The irresistible imagination of the Great Gatsby
Arts»
The irresistible imagination of the Great Gatsby
The modern-day thobe
Fashion»
The modern-day thobe
How to dress like Mad Men's Ms Joan
Fashion»
How to dress like Mad Men's Ms Joan
Oh no, not him again
Real Estate»
Oh no, not him again
Akbar Al Baker: No holds barred
Transport»
Akbar Al Baker: No holds barred
The Dubai real estate waiting game
Property»
The Dubai real estate waiting game
Family fortunes
Healthcare»
Family fortunes
Passion for success
Industries»
Passion for success
Rezidor CEO Wolfgang Neumann
Travel & Hospitality»
Rezidor CEO Wolfgang Neumann
How to dress like Harvey Specter
Fashion»
How to dress like Harvey Specter
Dubai may get creative to ease looming debt hump
Banking & Finance»
Dubai may get creative to ease looming debt hump
Kuwait takes tentative steps to connect with youth
Politics & Economics»
Kuwait takes tentative steps to connect with youth
New Abu Dhabi financial zone to challenge Dubai
Banking & Finance»
New Abu Dhabi financial zone to challenge Dubai
Mission possible
Travel & Hospitality»
Mission possible
The vision is clear
Travel & Hospitality»
The vision is clear
Luxury Living»
Dubai's Burj al Arab introduces gold iPads for guests

Dubai's Burj al Arab introduces gold iPads for guests

Bespoke tablets will be given to guests upon check-in at Dubai luxury hotel

Dubai retailer unveils $12,250 gold iPhone
Luxury Living»
Dubai retailer unveils $12,250 gold iPhone

Dubai retailer unveils $12,250 gold iPhone

Luxury Givori phone also includes alligator skin, diamonds and gemstones

Dubai hotel to auction one-of-a-kind 24-carat iPad
Arts»

Doha set to launch two new film festivals

Highlights will include a special 'Made in Qatar' section, says Doha Film Institute

Doha Film Institute cuts Tribeca festival ties
Sport»
PSG's Qatari owners turn down Ancelotti's request to leave

PSG's Qatari owners turn down Ancelotti's request to leave

Manager who secured French football side's first title since 1994 is keen on Real Madrid switch

Photos»
Tornado outbreak slams through Oklahoma
Boeing 787 makes first US flight since grounding
The 8th Arabian Business Forum
Dubai hotel gets green makeover
UAE Brit List 2013 revealed
Travel & Hospitality»
Dubai's Jumeirah announces tie-up with Aston Martin

Dubai's Jumeirah announces tie-up with Aston Martin

Luxury hotelier will be sponsor of car maker at upcoming Nurburgring 24-hour race

Dubai's Jumeirah in talks for hotel in India's Goa
Travel»
ITP to publish Conde Nast Traveller Middle East

ITP to publish Conde Nast Traveller Middle East

New magazine to target premium sector of travel market

Travel & Hospitality»
Saudi woman reaches summit of Mount Everest

Saudi woman reaches summit of Mount Everest

Raha Moharrak becomes the youngest Arab to stand on top of world's highest mountain

Saudi women hike to Everest base camp for breast cancer awareness
Videos»
Huge tornado kills dozens near Oklahoma City
US firm promises to make all 'snail mail' digital
Bahrain accused of spying on rights activist
Iranian film aims for Palme d’Or
Luxury Living»
Qatar could be chosen for new Ferrari launch

Qatar could be chosen for new Ferrari launch

Only six of the Pininfarina-designed Ferrari Sergio car will be produced in the world

Dubai police women to drive Ferraris, says top cop
Construction»
Dubai Frame project to be completed by end-2014

Dubai Frame project to be completed by end-2014

Window-frame like structure will provide views of both old and new Dubai

Nakheel awards Jumeirah Circle villas contract
Technology»
Dubai police set to trial crowd control drone

Dubai police set to trial crowd control drone

New remote-controlled device will be used to control crowds at football matches

Dubai cops add more supercars to fleet

Middle East Events »

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Vettel wins Bahrain Formula One Grand Prix

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Most Discussed
  • 28
    Dubai labourers stage rare strike for more pay

    Having seen how Lebanese and Jordanians treat their housemaids, I sure wouldn't want to be an Arabtec employee.
    I am a Sri Lankan, and would prefer... more

    Tuesday, 21 May 2013 10:20 AM - rohan kannai
  • 8
    Are there too many Brits in the UAE?

    The reason for making UAE their second home, it is mostly tax free and lots of freedom and luxury and time, which they don't have or afford back home.... more

    Tuesday, 21 May 2013 11:34 AM - abusidra
  • 8
    Kuwait deports 1,258 expats in a month

    I agree with Hisham, be it France where Arab youth are arrested for no reason or the US which jails Arabs in Guantanamo, the West has no right to complain... more

    Monday, 20 May 2013 3:53 PM - Haytham
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Read all user comments »
Lifestyle & Jobs
This Week's Magazine »
Arabian Business - 2013-05-19

Cover Story

The world according to Badr Jafar
Just about everything Badr Jafar touches turns to golD, formed just seven years ago, his crescent enterprises is raking in over a billion dollars in revenues and is highly profitable. But the young Emirati insists profits are just part of the plan.

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