International Edition
Last Updated: Wed, Nov 26 2014 | 9:00 PM |

HSBC to refund UAE, Bahrain, Oman customers for excessive fees

HSBC to refund UAE, Bahrain, Oman customers for excessive fees

Banking giant says it is taking action after charging excessive foreign currency fees on debit and credit card transactions

Ex Arabtec CEO said to plan sale of remaining stake

Ex Arabtec CEO said to plan sale of remaining stake

Source says Hasan Ismaik will only offload the shares, worth around $540m, if he is paid at least AED5 per share

Emiratis in private sector jobs to get public sector salaries, benefits

Emiratis in private sector jobs to get public sector salaries, benefits

New law being prepared by Ministry of Labour aims to encourage more UAE nationals to work in the private sector - report

Qatar said to run covert desert training camp for Syrian rebels

Qatar said to run covert desert training camp for Syrian rebels

Sources say camp is being used to train the Free Syrian Army (FSA) and other moderate rebels

Arabian Business Cafe

Tried & Tested: First review of the Dubai Tram

Tried & Tested: First review of the Dubai Tram

Neil Halligan was among the first passengers to ride...

2
Where’s my change?!

Where’s my change?!

If ATMs won’t give anything smaller than AED100 then...

2
Prioritising “me”

Prioritising “me”

Why not getting buried in a pile of chores, goals,...

1
What's the point?

What's the point?

Surveys and reports that are blatantly obvious are...

1
Doha expats paying 'considerably' more for rent than they can afford
Property»

Doha expats paying 'considerably' more for rent than they can afford

Average Doha expat is forking out 34% of their salary on housing due to the city’s huge undersupply - Colliers

Dubai's Amlak signs financial, debt restructuring deal
Banking & Finance»

Dubai's Amlak signs financial, debt restructuring deal

Amlak's shares have been suspended since November 2008; previous revival attempts have failed

Kuwait court cuts insider trading fine against Al Ahli Bank chairman
Banking & Finance»

Kuwait court cuts insider trading fine against Al Ahli Bank chairman

COurt of Appeal reduces penalty imposed on Ahmed Yousef Behbehani to $343,500

UAE minister says no need to panic after oil price slump
Energy»

UAE minister says no need to panic after oil price slump

Oil minister Mohammed al-Mazroui agrees with Saudi Arabia that the market will 'fix itself ultimately'

New homes launched at DP World Tour Championship golf estate
Property»

New homes launched at DP World Tour Championship golf estate

Jumeirah Golf Estates launches 15th community at the site of the DP World Tour Championship

New delays said to hit Saudi Aramco's Jizan refinery
Construction»

New delays said to hit Saudi Aramco's Jizan refinery

Industry sources say contract disagreement with South Korean builders is delaying refinery construction

Bangladeshi ex-minister arrested for criticising the Haj
Culture & Society»

Bangladeshi ex-minister arrested for criticising the Haj

Abdul Latif Siddique says Muslim ritual is a ‘waste’ of manpower, comments cause widespread protests

Kuwait 'invalid election' decision due today
Politics & Economics»

Kuwait 'invalid election' decision due today

It will be the third consecutive election to be nullified if a petition before the Constitutional Court is accepted

Arts»
Your guide to this year's Dubai International Film Festival

Your guide to this year's Dubai International Film Festival

11th Edition of festival to open with Stephen Hawking Biopic “The Theory of Everything”

Sport»
Qatar Airways says to sponsor new Premier Tennis League

Qatar Airways says to sponsor new Premier Tennis League

Doha carrier teams up with new league which kicks off later this week; features top names like Federer, Djokavic and Murray

Arts»
Kim Kardashian claims she has received “a couple of offers” to develop a themed hotel in Dubai

Kim Kardashian claims she has received “a couple of offers” to develop a themed hotel in Dubai

American reality TV star admitted no formal talks had taken place, but was it was something to "think about"

Travel»
Review: Corinthia Hotel, London

Review: Corinthia Hotel, London

The legendary property off Trafalgar Square has launched a new package aiming to offer the ‘best night’s sleep’ for stressed business travellers.

Photos»
Retail»
Dubai aims for world record with 5km gold chain

Dubai aims for world record with 5km gold chain

World’s longest gold chain will be on display for three days in January

Arts»
'Music of Queen' event to be part of UAE National Day celebrations

'Music of Queen' event to be part of UAE National Day celebrations

Dubai Media City Amphitheatre event will feature music from the iconic band’s back catalogue of hits, with stars straight from the London West End smash hit musical, “We Will Rock You” and the NSO Symphonic Pops Orchestra

Culture & Society»
Sharjah bans ownership of dangerous animals as pets

Sharjah bans ownership of dangerous animals as pets

Concern had grown over number of exotic animals kept in homes or seen in cars

Videos»
Culture & Society»
Earthquake jolts Strait of Hormuz

Earthquake jolts Strait of Hormuz

National Center of Meteorology & Seismology said the quake occurred at 5:18pm on Sunday off the UAE coast

Sport»
Stenson claims victory at DP World Tour Championship in Dubai

Stenson claims victory at DP World Tour Championship in Dubai

Swedish Ryder Cup star birdies the final hole to secure two-shot win over McIlroy, Rose and Dubuisson

Travel & Hospitality»
Jumeirah hires new general manager for Burj Al Arab

Jumeirah hires new general manager for Burj Al Arab

Luxury hotel group announces appointment of UK national Anthony McHale who will take up role in early 2015

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Sheikh Mohammed's son signs up for UAE national service

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This Week's Magazine »

Cover Story 5

The fragile finances of Formula One
By this time next year, five of the current 11 Formula One teams will probably be out of business. It’s now not a question of if it will happen but merely when it will happen. Marussia and Caterham have already gone and the Sauber, Lotus and Force India teams seem ready to join them. So in 12 months time there could be just six teams left on the grid, all forced to run three-car teams to maintain the semblance of a show. That is the harsh truth that spells out the finances of Formula One today.

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