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Monday, 26 January 2015 This newsletter reaches 162,112 readers, to advertise click here

Emirates could offer cheaper fares by April

Dubai–based airline reportedly set to introduce a new pricing structure for passengers

UAE's inflation hits 6-year high on rising housing, utility costs

New data shows UAE annual inflation rate at 3.1% in December, the highest since February 2009

Germany said to halt arms exports to Saudi Arabia

Gov't sources quoted as saying Gulf kingdom is currently 'too unstable' to receive weapons

Dubai's Marka to launch world's first UEFA concept stores

Retail firm announces deal with UEFA to open UEFA Champions League Experience in Yas Mall in May, with more to follow

Retreat of Russian shoppers fails to dent Dubai retailers

Early figures show Dubai Shopping Festival has seen an 18% increase in footfall during the first two weeks

Abu Dhabi's financial district renamed after major real estate deal

Sowwah Square renamed Abu Dhabi Global Market Square after new financial free zone inks headquarters agreement

UAE's Select buys Radisson hotel in UK's second largest city

Select Group says it will begin to invest in new hotel rooms, meeting areas over the next 24 months

Saudi foreign minister has successful back surgery in US

Prince Saud has played important role in shaping the country's response to many crises affecting the Middle East

Woman dies after surgery to shrink her stomach

Woman reportedly suffers complications from endoscopic gastroplasty, a weight loss procedure

Oman airport terminates UK firm's $310m IT contract

Ultra Electronics says termination of the contract would have a minimal impact on its 2015 underlying profit

Abu Dhabi's ADCB posts 16% rise in Q4 net profit

Abu Dhabi Commercial Bank is latest UAE-based bank to report strong performance in fourth quarter

Qatar-based cleric urges Egypt protests on uprising's anniversary

Sheikh Youssef al-Qaradawi has been critical of Egypt's military-backed gov't; says Mursi is 'legitimate' leader

Qatar minister named as new stock exchange chairman

Economy minister Sheikh Ahmed bin Jassim al-Thani appointed in move to raise bourse's international profile

UAE's largest Islamic lender posts 64% rise in Q4 net profit

Dubai Islamic Bank is the third Dubai bank to report strong fourth-quarter earnings after Emirates NBD and Mashreq

Etihad plans European recruitment days to support expansion

Abu Dhabi airline to seek new staff in Kiev, London, Belgrade, Milan and Rome during February

Dubai's Deyaar sees Q4 net profit slump by 43%

Real estate developer made a quarterly profit of just over $10.5m in three months to December 31

Cloisall says Dubai Int'l Concourse 4 fit-out completed

Interior fitting firm says contract to fit-out Dubai Duty Free area in Terminal 2 is also close to being finished

Abu Dhabi's ADIB eyes capital boost to support growth

Abu Dhabi Islamic Bank eyes growth after posting 19% increase in Q4 net profit


How much would Emirates be worth if it went public?

Founding CEO Sir Maurice Flanagan has said the world’s fastest-growing airline could be valued at around $40bn. Anil Bhoyrul tends to agree

Does Daman’s move to go public make sense?

During a period in which most firms are being advised to sit on their IPOs, one company’s listing could well pay off.

The Jordanian prince who can save the world from Sepp Blatter

Prince Ali’s decision to stand for FIFA president should be celebrated around the world, says Anil Bhoyrul

Five trends that will shape the Arab World's online industry in 2015

Online business growth continues unabated, while traditional industries witness dwindling margins and growth

Why subsidies should be in the spotlight in 2015

Gulf countries have pledged to keep spending this year, but they also need to prepare for an era of cheaper oil, says Ed Attwood

How can innovation improve the hotel experience?

The hospitality industry of the future should be as effortless for Dubai’s hotels as possible

Should I quit my job to start a business?

You've just gained the qualifications so what do you do next, asks Ahmed Sharawy

Dubai Financial Market's boom and bust

The unprecedented slump in the oil price is the catalyst that has hit the DFM, but other underlying factors are still hurting the Dubai bourse, says Ed Attwood

Opinion: Khalaf Ahmad Al Habtoor on the current stock market turbulence

UAE businessman says just because some investors are selling shares at lower prices doesn't mean others should follow suit.

Employee benefits key to retention in the UAE's talent war

Business is good and so the war for the best talent is on, says MetLife Gulf's Chafic Houry

Who were the stars of 2014?

Companies like Etisalat, Emaar Properties and flydubai stood head and shoulders above the rest, says Anil Bhoyrul


In Pics: Dubai’s Ras al-Khor Wildlife Sanctuary

The Ras al-Khor Wildlife Sanctuary on the outskirts of Dubai is the city’s only desert wetland. It occupies about 2.4 square miles on the banks of Dubai Creek and comprises of mudflats, lagoons, pools, and mangroves.

World leaders pay tribute to late Saudi King Abdullah

World leaders have gathered in Saudi Arabia to pay tribute to King Abdullah, who passed away in the early morning of January 23, 2015, praising the late monarch as a key mediator between Muslims and the West.

Apple’s rapid growth in China

Apple opens 14th Chinese mainland store in Hangzhou, in East China's Zhejiang province, since the company is experiencing its most rapid growth since it opened its first store in China in 2008. A report from UBS showed that strong demand for Apple's latest iPhone 6 and iPhone 6 plus smartphones had helped the Chinese market outsell the United States for the first time.

Palestinian singer Assaf visits Kuwait

Famous Palestinian singer Mohammed Assaf is in Kuwait to participate in the Hala February festival concerts.


New Saudi King greeted by well-wishers in Riyadh

Saudi King Salman greets hundreds of well-wishers after the burial of his brother, King Abdullah.

Japan condemns apparent ISIL execution

Japan calls for the immediate release of a Japanese journalist held by ISIL, after an audio recording claims a fellow Japanese captive has been executed.

Style enthusiasts flock to International Furniture Fair

The latest furniture and interior design trends are on display at the International Furniture Fair in Cologne, Germany.

Yemen president quits amid worsening crisis

There are signs that Yemen is falling deeper into turmoil - just hours after the President stepped down.

Latest Reader Comments

UK pranksters release new spoof video on binge drinking in Dubai
WHJ : We have enough sense of humour to laugh off your comment....
UAE - Monday, 26 January 2015 9:02 AM

Dubai airspace forced to shut down by unauthorised drones
Robert Scott : Actually, regulation is a major part of the solution and lack of enforcement is what causes these situations. Drones are big news and becoming very big business. They are relatively inexpensive and marketed as the next 'big thing', for anything, from taking aerial photos / videos, to delivering piz...
Canada - Monday, 26 January 2015 9:02 AM

Emirates could offer cheaper fares by April
Victory Heights : Love Emirates - don't love their pricing. Too many offers but the prices don't change on the routes that I fly.
Oil been dropping since mid-2014 yet ticket prices not moved down (no different with the surcharge on DEWA bills by the way!). #abouttime
UAE - Sunday, 25 January 2015 8:11 PM

Yemen's Al Qaeda renews calls for lone-wolf attacks in West
Billy : All good Muslims around the world should condemn these people. They are harming the world image of all Muslims. Time for this message to be shouted loud and clear in all mosques around the world. Isolate these idiots from the true Muslims and let them be condemned by their own people....
UAE - Sunday, 25 January 2015 2:44 PM

Bayern Munich hit back at FIFA's Zwanziger over Saudi trip
Non-Muslim : It's just yet another version of the hyprocacy that is called FIFA: either something is politically correct ("You don't do this and this and this and that!"), or it is sheer materialism ("Money makes the world go round").
There were times when sport (of any kind) was known to be a means of conne...
Non-Gulf - Sunday, 25 January 2015 2:43 PM




Arsenal FC sponsorship deal was Emirates’ best, says founding CEO

Airline signed 18-year deal to name the Premier League club’s home ground Emirates Stadium


Qatar should consider fat foods tax: PwC

The global accounting firm has recommended Qatar consider a levy on unhealthy foods to help diversify its revenue base & improve the population’s health


Abu Dhabi trip not behind Manchester City's FA Cup exit, says Pellegrini

Premier League champions spent the week training in UAE and played a friendly


New Saudi king seeks to reassure on succession and policy

King Salman pledges to maintain existing energy and foreign policies; appoints younger men as his heirs


Nakheel claims court victory against World's GB Island owner

Developer says Safi Qurashi has been ordered to pay $3m over Dubai Waterfront land dispute


Saudi Arabia said to postpone activist's flogging for 2nd time

Amnesty International says delay of punishment from Raif Badawi made on medical grounds


Cheap oil will slow Gulf growth during 2015, say analysts

Reuters poll also says heavy spending by governments and healthy private sector activity will prevent any serious slump


Dubai investor buys 125 villas near Meydan Racecourse

Unnamed buyer is also in talks to acquire more units at Meydan City's Millennium Square project


Emirates valued at $40bn if it went public, says founding CEO

Sir Maurice Flanagan says an IPO had been discussed for a decade but Sheikh Mohammed was not keen on the idea


Arabtec wins $152m contracts in Abu Dhabi

Contracts awarded to Arabtec subsidiary Target Engineering


Profile: New Saudi ruler King Salman bin Abdulaziz

Salman will have the final say on social and economic reforms started under Abdullah

A Saif pair of hands for the Belhasa empire

Saif Belhasa, founder and chairman of the Saif Belhasa Group of Companies, explains how diversifying his interests has helped the group to thrive, and why the future is exciting for businesses in Dubai

Legacy: Saudi King Abdullah was a cautious reformer

How Saudi Arabia's ruler left a modernising legacy of cautious social and economic reform

Profile: Saudi's new Crown Prince Muqrin

Heir to Saudi Arabia's throne is a former fighter pilot who was educated at a Western university

Profile: New Saudi Deputy Crown Prince marks generational shift

Prince Mohammed bin Nayef is a close friend of the United States and a scourge of Islamist militants

Making sense of Sharjah: Hussain Al Mahmoudi

The UAE’s third-largest emirate has trod its own path, focusing on Islamic culture and diversifying its economy. It’s an approach that has paid off, argues the director general of the Sharjah Chamber of Commerce & Industry, Hussain Al Mahmoudi

Banking on peace: Bank of Palestine's Hashim Shawa

The Palestinian economy represents an extraordinary opportunity for investors who can see past the grim headlines, says the chairman of the country’s biggest bank, Hashim Shawa

Rediscovering past glories: Pearl fishing

Pearl fishing was practically wiped out in the Gulf by the influx of cheaper alternatives from Asia in the early 20th century, but Qatar has teamed up with Robert Wan, one of the industry’s most respected names, to revive the ancient practice

Saudi Arabia's new Yemen strategy: get behind a fence

Saudi Arabia is increasingly taking a security-first approach after Houthi rebels have all but seized power

Market mover: Daman Investments chairman and founder Shehab Gargash

After a six-year wait, Daman Investments is all set to go public in the first quarter of this year. But given the unprecedented volatility on local stock markets, is chairman and founder Shehab Gargash ready to take the plunge?

Forever looking forward: Fadi Ghandour

With his trademark boundless energy, Fadi Ghandour recently gave budding entrepreneurs the benefit of his experience and success with an insightful presentation in Dubai. But as he revealed to Arabian Business it is the private sector which needs to change to bring a positive future to the Arab world

The Italian job: Sir Rocco Forte

Sir Rocco Forte's recent deal with Italian sovereign wealth fund FSI has brought a new lease of life to the hospitality grandee’s eponymous hotel chain. Can the Middle East finally start to play a bigger role in Sir Rocco’s plans?

A man of Vertu: Massimiliano Pogliani

Just how did Massimiliano Pogliani rescue phone brand Vertu? The company’s CEO tells Arabian Business how he revolutionised and resurrected the fortunes of the once technology-shy luxury mobile phone business, and why moving step-by-step can pay dividends

Taste the difference: Mondelez's Vishal Tikku

The boss of one of the Middle East’s largest food and beverage companies and the conglomerate behind favourites such as Tang, Oreo and Kraft cheese, Mondelēz International’s Vishal Tikku, explains the dilemma between balancing goodness with good taste and how he decides when to bring a successful brand to the Gulf market

Austerity? Not for us, say rich Gulf states as oil slides

Economic defences which the Gulf states built up after the global financial crisis to cope with just such a drop in oil are holding

Building a billion dollar conglomerate: Shaji Ul Mulk

After arriving in Dubai three decades ago, Shaji Ul Mulk was determined to make it on his own. Now chairman of one of the UAE’s biggest manufacturing empires, he shares his challenging road to success, his dreams for the healthcare industry, his IPO plans, and why there’s still plenty of chapters to write about Mulk Holdings’ promising future

Ringing in a new era: Ooredoo Oman CEO Greg Young

Oman’s second telco, Nawras, has now officially rebranded as Ooredoo, spreading the Qatar-based firm’s global reach. Ooredoo Oman CEO Greg Young explains why the move will create noise not only in the domestic but in the international telecoms industry as well, and why sites such as Facebook and YouTube also will be listening in

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