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Thursday, 17 January 2013 This newsletter reaches 162,112 readers, to advertise click here

“We screwed up," admits Better Homes boss

CEO admits to publishing false ads after Arabian Business investigation, blames human error

UAE banks to propose new mortgage cap plan

Sources say banks will make a formal plea to central bank to raise limits on home loans

Bahrain's Gulf Air aims to cut costs by 24% in 2013

Bahrain flag-carrier begins three-year restructuring; will focus on staff cuts, reduced network

No restart date for UK Brent oil, says TAQA

Abu Dhabi Energy Co working to restore output after leak at North Sea oil platform

Vodafone Qatar's quarterly losses narrow

Telco says performance boosted by growth in subscriber base and revenue per user

Saudi's biggest lender posts flat Q4 profit

Al Rajhi Bank reports small rise in fourth-quarter net profit, below forecasts

Saudi Arabia sacks football coach Frank Rijkaard

Kingdom's football federation dismisses Dutch coach after failure in Gulf Cup of Nations

Kuwait-linked bank sells UK property for $53m

Gatehouse Bank sells Procter & Gamble's UK HQ to unnamed MidEast investor

One year in jail for Qatar man drunk, naked on flight

Man of unidentified nationality sentenced after drunken, nude rampage on Qatar Airways

Jumeirah hires designer for Turkey hotel refit

Anouska Hempel appointed by Dubai hotel operator to renovate Pera Palace Hotel

Regulator mulls Batelco's $1bn CWC deal

Decision expected on bid to buy Cable & Wireless business by the end of February

Global pirate attacks fall to five-year low

Naval patrols, armed private guards drive down incidents of hijacks around the world

Magnolia opens its biggest cupcake store in Qatar

New York bakery opens its largest ever store in Doha as part of MidEast expansion

Saudi's Samba posts 7.8% fall in Q4 profit

Kingdom's second largest bank reports $231m net profit for three months to end-December

Qatar's QNB sees SocGen deal by end-March

Qatar National Bank hopes purchase of Egyptian unit will be completed within 2 months

Emirati gets seven years jail on spying charge

Retired serviceman confessed to passing on information that could harm national security

No need to reduce oil output after Saudi cut - UAE

World's top oil exporter cut its crude production by around 700,000 barrels per day

French President appeals to UAE over Mali

Francois Hollande asks for support for French campaign against Islamic militants

Saudi plans to buy renewable electricity

New company aims to help Saudi Arabia diversify its energy resources

End energy deficit to heal Arab Spring - Queen Rania

Jordan royal says “capital investment and political will” needed to address energy issues


The scandal of UAE school fees

Anil Bhoyrul argues that UAE schools are earning thousands of dollars for doing absolutely nothing


World Future Energy Summit held in Abu Dhabi

French president Francois Hollande, Queen Rania of Jordan and Argentine President Christine Kirchner among speakers

More photos from the North American International Motor Show

The auto show will be open to the public January 19-27

Egyptian opposition protests over new constitution

Egypt's top court was to rule whether Egypt's Islamist-dominated Senate should be dissolved as well as on the validity of a panel that wrote the country's controversial constitution

Iranian President Ahmadinejad meets Syrian Prime Minister

Fars news agency said the two sides will discuss 'expansion of bilateral relations and Syrian President Bashar al-Assad's three-step plan' for the political future


Deadly blasts at Aleppo University in Syria

Two blasts that tore through a university in the Syrian city of Aleppo have killed at least 82 people

Japanese carriers ground Boeing 787 plane fleet

Japanese carriers All Nippon and Japan Airlines have just grounded their entire fleet of Boeing 787 or the Dreamliner

Lance Armstrong on Oprah: preview of exclusive interview

Oprah Winfrey reveals all about her exclusive chat with disgraced cyclist Lance Armstrong

Cleaner crashes stolen train into Stockholm apartment

A high speed train has crashed into an apartment building in Stockholm after being stolen by a female cleaner

Latest Reader Comments

Air rage: Is this Emirates’ worst ever passenger?
Scots in Dubai : Jailing the man for 11 months, he will be out in 3. This man deserves no less than a world wide flight ban for 5 years. In fact he should have also been deported from the UK and jailed in Dubai, since he demonstrated a total lack of respect to the airline, its staff and its passengers.....Scots in D...
United Arab Emirates - Thursday, 26 November 2015 12:49 PM

'Perfect time' for GCC to start levying taxes, say experts
UnKnown : "Diversify Income??"
I agree that GCC have to reduce their dependence on OIL and diversify their income, but taxing is surely not the right way.
With massive reserves, the governments have to invest in building their infra structure both commercial and resident to provide a thriving environm...
Kuwait - Thursday, 26 November 2015 12:50 PM

Iraq's Bride Tower aims to top Dubai's Burj Khalifa, Jeddah's Kingdom Tower
tony : basra is in the south away from the violence. South has the oil so it has $. ...
germany - Thursday, 26 November 2015 12:50 PM

'Even if oil falls to $30, it won't exhaust our savings,' says Saudi deputy crown prince
Yawar Awan : In my opinion Saudis have to work hard on self reliance.Increasing its own Engineering & Manufacturing base is most essential.In this regard Technical collaborations and establishment of JVC will enhance the process. ...
Pakistan - Thursday, 26 November 2015 8:59 AM

Abdullatif AlMulla: Dubailand, JBR & Business Bay developer planning "massive investments" on the back of rising revenues
zayed saleh : exactly right , they try to bring some tension with no reason. people need to see progress in their eyes instead of talking !!...
uae - Thursday, 26 November 2015 9:01 AM




Dubai's Emaar denies retail unit spin-off

Property developer says it has no immediate plans to list its retail, Turkish unit


Bursting the bubble?

The central bank’s move to put a cap on mortgages aims to curb speculation, but is the announcement too much, too soon?

Risky business

James Goodnight has built SAS into the world’s biggest advanced analytics company, earning himself a huge fortune in the process

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