International Edition
Last Updated: Thu, Nov 27 2014 | 4:26 PM |

Arabtec board changes slow $40bn Egyptian housing deal

Arabtec board changes slow $40bn Egyptian housing deal

Egypt's housing minister says negotiations to implement massive building project has been impacted by shake-up

UAE dirham at one-year low vs US dollar as oil price slumps

UAE dirham at one-year low vs US dollar as oil price slumps

Speculation grows that slumping oil prices could lead Gulf states to ditch currency pegs to the dollar

UAE's Dana Gas in talks with Egypt over revising gas prices

UAE's Dana Gas in talks with Egypt over revising gas prices

Discussions come as Egyptian authorities have been negotiating with a number of international energy firms

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
UAE Debt Settlement Fund waives defaults worth over $408m
Banking & Finance»

UAE Debt Settlement Fund waives defaults worth over $408m

3,482 people benefit from the fund which helps citizens who face difficulties in settling their debts

Exclusive: Emirates exec reveals why the Dubai airline ditched FIFA
Sport»

Exclusive: Emirates exec reveals why the Dubai airline ditched FIFA

Emirates Group vice-president Gary Chapman said it wasn’t only concerns over the corruption allegations for its decision not to renew World Cup sponsorship

Commodities»

"We have to live either $80 or with $60," says Kuwait oil minister

Oil prices fall to 4-year lows as OPEC production cut looks unlikely

Dubai film festival confirms funding in place for next 5 yrs
Arts»

Dubai film festival confirms funding in place for next 5 yrs

Stars Emily Blunt and Kelsey Grammer, Eva Longoria set to attend this year’s event

HSBC to refund UAE, Bahrain, Oman customers for excessive fees
Banking & Finance»

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
Banking & Finance»

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
Culture & Society»

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
Politics & Economics»

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

Theo Paphitis: Why I left Dragon’s Den
Style»
Theo Paphitis: Why I left Dragon’s Den
Style»
Sarah Jessica Parker to launch new accessories brand in Dubai

Sarah Jessica Parker to launch new accessories brand in Dubai

‘Sex and the City’ actress will make appearances at Bloomingdale’s and Harvey Nichols.

Gourmet»
Abu Dhabi opens rollercoaster-themed restaurant

Abu Dhabi opens rollercoaster-themed restaurant

Food at the Yas Mall outlet is delivered in pods that loop around 30 rollercoaster tracks

Travel»
Dubai private jet expo to have 50 business aircraft on display

Dubai private jet expo to have 50 business aircraft on display

MEBA show will have many aircraft that will be in the region for the first time.

Gadgets»
LEAKED! Sony Xperia Z4, Z4 Ultra specs

LEAKED! Sony Xperia Z4, Z4 Ultra specs

Sony is expected to officially launch the new models in Las Vegas in January

Photos»
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 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"

Videos»
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.

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

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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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