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Monday, 30 May 2016 This newsletter reaches 162,112 readers, to advertise click here

Abu Dhabi gov't may act to address property over-supply - official

Prices in the UAE capital's residential sector were flat last year as affordability levels became stretched and the government cut spending following the slump in oil prices

Iran says its pilgrims will not attend haj in Saudi Arabia

Saudi Arabia accused Iran of effectively depriving its citizens from the religious duty by refusing to sign a memorandum reached after talks with Iran's Haj and Pilgrimage Organisation

UAE fuel prices to increase on June 1

New petrol and diesel rates announced by Ministry of Energy

Saudi central bank's foreign assets shrink $6bn in April

Official data shows 1.1% drop from previous month to $572 billion

French prosecutor considering Qatar 2022 World Cup investigation

Eliane Houlette say 'several elements that encourage' probe of Gulf country's successful bid for tournament

Aluminium Bahrain cuts capital cost of expansion project cut by $500m

The Line 6 project is expected to boost Alba's annual output by 540,000 tonnes to 1.5 million tonnes a year

Kuwait's KNPC in talks for $6.4bn in loans for Clean Fuels project

State-owned KNPC refiner signed loans worth 3.97 billion with Kuwaiti lenders in April

Dubai scores 89% on happiness index for government services

Vote involved more than 2 million customers of 38 public entities over 9 months

Qatar imposes price cap on 400 goods ahead of Ramadan

Ministry of Economy and Commerce is also offering sheep at reduced prices to Qatari nationals

DP World eyes further Africa expansion following Somaliland deal

$442m investment in Port of Berbera will complement operations in Djibouti and attract more shipping lines to east Africa, says Sultan Bin Sulayem

Smartphone apps could shut '70 percent' of Saudi travel agencies

Tourism operator warns of office closures due to lower costs of online firms

Kuwaiti Kharafi-linked stocks tumble on $2bn Americana sale collapse

Americana's shares were suspended ahead of the market open and have yet to resume trading, but other Kharafi-linked stocks plunged

RTA awards $191m deals for Dubai Water Canal

Phases 4 and 5 of the project are set for completion by the end of September this year, it has been revealed

Bahrain four-star hotels facing 'tremendous' drop in occupancy rates

Operators could be forced into cutbacks due to decreased spending by tourists, according to group chairman

Quarter of Abu Dhabi students 'addicted to social media' – survey

Half of respondents said they had tried and failed to quit social media in past year, according to ADEC survey

Emirates named as official partner for Dubai Expo2020

Airline will be licensed ticket reseller for event and help drive visitors under deal


Saudi Arabia – the next solar super power?

The kingdom may be late to the game, but canny investment can help it become one of the world’s most influential renewable energy players, says Ed Attwood

Why the GCC must prioritise teachers

Ambitions to build knowledge economies will fail without addressing the acute shortage of school educators, says Courtney Trenwith

Saudi Arabia's oil policy could become more transparent: Kemp

Appointment of Khalid al-Falih as Saudi Arabia's new energy minister is likely to bring a big shift in style, says Reuters analyst John Kemp

GCC banks' response to hacking woefully inadequate

QNB and InvestBank let down their customers by not only failing to protect their private information but by then playing down the significance of the attacks

Saudi Binladin Group's shaky foundations

The once dominant player in Saudi Arabia’s construction sector is facing a rocky road to redemption, says Courtney Trenwith

Why Saudi Arabia will struggle to kick its addiction to oil

Transforming the economy is an enormously ambitious undertaking fraught with considerable risks, says Reuters analyst John Kemp

How Etihad's partnership strategy is paying off

A strong set of results posted today shows that the Abu Dhabi airline’s much-discussed strategy is starting to bear fruit

Room for improvement?

With Dubai’s hotel market reaching maturity, the question of standards has moved to the forefront, says Courtney Trenwith


In pictures: Guiltier and Laura lifts World Series squash titles in Dubai

Men and women final matches of the Dubai PSA World Series Finals squash tournament at Burj Park in Dubai

In pictures: Ladies a La Mode fashion show in Muscat

Omani and Lebanese designers showcasing collections at Ladies a La Mode fashion show, on May 27, 2016, in the capital Muscat.

In pictures: Exhibit of Palestinian embroidery in Lebanon

Dresses feature in an exhibit of Palestinian embroidery in the Lebanese capital Beirut

In pictures: Vivid Sydney annual festival of light

Australia's iconic Opera House is lit up with an art installation called 'Songlines' on the opening night of Vivid Sydney


Video: Indonesia cracks down on illegal fishing

Indonesia is cracking down on illegal fishing in its waters.

Video: UN urges Greece to improve living conditions for refugees

Every week thousands more refugees arrive on Europe's shores hoping to find a safer life.

Video: The 'Super Bus' that will drive over cars

China is about to experiment with a new way to avoid horrendous traffic jams.

Video: Saint Laurent chief on balancing the business

Francesca Bellettini, chief executive of Saint Laurent, talks about cleaning up the company, looking at new markets from a digital perspective and why retaining talent is the biggest challenge for luxury brands.

Video: What Mexicans think of Trump's wall

With Donald Trump now having secured the support of enough Republican delegates to win the party's nomination for the US presidency all eyes are now on his policies.

Latest Reader Comments

Abu Dhabi lays off staff as Gulf austerity tightens
WHJ : @james. if people can't take it , they shouldn't dish it out and then cry foul.
You want substantive, well when I commented on the impact of lower oil prices, I was referring to Dubai's economy, and as you can see it's faring better than all other countries in the region. But, of course, your p...
UAE - Sunday, 29 May 2016 5:23 PM

Dubai property prices said to fall up to $6,800 in past year
Reda : Same here, I guess the article being published on a Saturday could be an explanation....
UAE - Sunday, 29 May 2016 4:23 PM

Starwood inks deal to run first hotel in Ras Al Khaimah
Jawad : A knowledgeable journalist would include the fact that Marriott's acquisition of Starwood is near closing. ...
UAE - Sunday, 29 May 2016 2:56 PM

Iran refuses to sign Saudi haj arrangements deal
Mujeeb Haroon : I think we must co ordinate with Saudi arabian govt regarding their Hajj arrangements. Otherwise every country will force to apply their own favourite arrangements for Hajj.

Pakistan - Sunday, 29 May 2016 2:56 PM

Dubai government intervenes in workers' salary dispute
twistedtory : Dubai doesn't have any Ministries, the UAE does. And the Ministry of Labour became the Ministry of Human Resources & Emiratisation in February. Really poor form, Arabian Business!!...
Dubai, UAE - Sunday, 29 May 2016 2:56 PM




Entrepreneur of the Week: Tanaz Dizadji, founder and CEO of Insydo

Tanaz Dizadji, founder and CEO of Insydo, explains how a marketing stunt put her digital start-up Insydo – dubbed ‘your curated Google for Dubai’ – on the city’s radar.


Oman parliament votes to raise taxes in three industries

Petrochemical industry, non-oil natural resources and LNG companies targeted in drive to address budget deficit


Five Gulf cities named in world's top 15 retail destinations

Dubai leads Gulf march with Kuwait City, Abu Dhabi, Jeddah and Riyadh also prominent in new JLL rankings


Etihad releases A380 VR film starring Nicole Kidman

360-degree virtual reality film starring Academy Award winning actress is 'major coup', says airline


GCC construction projects in pipeline valued at $2trn

Saudi Arabia is reportedly leading regional construction drive with nearly 39% of total projects, ahead of the UAE


Fire-hit Ajman One towers to be 'repaired by summer'

Flames destroyed two 26-storey towers in March, leaving residents homeless


Qatar launches $9bn bond sale to help plug budget deficit

World's top liquefied natural gas exporter is the latest in a flurry of offerings from the Gulf region


UAE to slash Ramadan food prices by up to 70%

Ministry of Economy negotiates price cuts worth $68m on 5,000 items


Burj Al Arab launches luxury Terrace beach resort

Membership for iconic hotel's luxury leisure facility will cost a reported AED100,000


6 mobile apps that can earn you cash in the UAE

Download these mobile money-makers to your smartphone and start saving


Opportunity knocks: Shangri-La's CEO Greg Dogan

The hotel brand inspired by a legendary land described in a 1933 novel is spreading its story across the GCC. Global CEO Greg Dogan discusses expansion plans and the industry's new emphasis on “lifestyle”

Cartel or talking shop? OPEC awaits Saudi ruling

Unlike his predecessor Ali al-Naimi, new Saudi energy minister Khalid al-Falih may not have much time for OPEC

A growing business: Compareit4me

Jon Richards, CEO at compareit4me, shares some of the secrets of how to lead a business that is on an upward path.

Iran-Saudi row threatens any OPEC deal, puts role in question

Less than six months after the lifting of Western sanctions, Iran is close to regaining normal oil export volumes

Saudi Arabia's rulers adapt message for social media age

Saudi Arabia's leaders have historically courted public opinion only via informal councils

Changing fortunes: Damac's Ziad El Chaar

With consecutive quarterly profit declines and controversy over its Donald Trump-branded golf course, developer Damac Properties has drawn plenty of attention in recent months. Managing director Ziad El Chaar responds to both issues and explains why the company has shed its all-luxury dogma to join the competition for mid-market real estate

GCC's class act threatened by teacher shortages

A global shortage of school teachers is particularly hurting the GCC, which relies on expats to fill the majority of positions. With the student population expected to soar by 20 percent in four years, competition is mounting

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