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Thursday, 18 December 2014 This newsletter reaches 162,112 readers, to advertise click here

FIFA investigator Garcia quits over handling of Qatar 2022 report

US lawyer cites a 'lack of leadership' for resignation; comes a day after FIFA dismissed his complaint over report publication

Dubai house prices, rents dip during Q3, says Cluttons

Real estate consultancy says off plan sales market remains strong despite stagnation in prices

Former Dubai expat buries son killed in Taliban school massacre

Akhtar Hussain’s 14-year-old son Fahad was among the 148 people killed in the attack on a school in Pakistan

UAE announces New Year holiday for public, private sectors

Employees working in the UAE will be given Thursday Jan 1 as paid holiday to celebrate start of 2015

Qatar risks losing World Cup without job reform - Zwanziger

Senior FIFA official says Qatar must take decisive action by March 10, 2015 to monitor human rights conditions

Saudi Arabia to keep spending on projects in 2015 budget

Finance Minister also commits to spending plan for social benefits despite 'challenging' global conditions

Dubai's ENOC cuts retail diesel price amid oil price slide

Emirates National Oil Company reduces price to AED3.30 per litre; second cut in two months

Action reveals plan for 240-room healthcare hotel in Dubai

Action Hotels set to pay $15.7m for plot in Dubai Healthcare City to build project for patients and families

UAE to set up special council to tackle surging divorce rate

Around 13 cases are reported each day, with the number of cases rising nearly 70% last year

Saudi rebounds on spending pledge; Gulf markets stabilise

Saudi bourse jumps more than 4% but Dubai's index closes 1.6% down as rebound is halted by fresh selling

Dubai's Abraaj buys stake in Algerian logistics firm

Private equity firm says it has acquired interest in La Flèche Bleue Algérienne

Emirati charged with spying for ‘a foreign state’

Federal Supreme Court adjourned a second case of a citizen accused of being part of a secret organisation

PepsiCo launches new Saudi factory, creates 300 jobs

Food and beverage giant inaugurates new manufacturing facility in Dammam, its 15th in the Middle East

Saudi Arabia eyes more female workers with breast-feeding plan

Ministry of Labour says breast-feeding at work will be allowed for an hour a day in bid to encourage more women to enter work force

Etihad, Hong Kong Airlines ink codeshare deal

Abu Dhabi airline announces latest agreement to offer enhanced connections between Asia, the Middle East and Europe

Kuwait minister says oil prices could improve in H2 2015

Oil minister Ali al-Omair says daily surplus of 1.8m barrels is primary reason for the slump in prices

120 eateries shut down in Jeddah over health violations

Jeddah Municipality inspection teams take action in bid to improve standards in food sector


Oil prices are now unsustainably low: Kemp

Reuters market analyst John Kemp says if prices remain at current depressed levels, almost all shale drilling activity will eventually cease

Who were the stars of 2014?

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

Should I or should I not do an MBA?

MBA specialist Ahmed Sharawy looks at the options

Smartphone generation: MENA's overnight mobile internet revolution

How smartphones have brought online services to a new category of users in the Middle East

The perfect prince

For the 11th year running, HRH Prince Alwaleed has taken the top slot on the Arabian Business Rich List, with a net worth of $28.1bn

Time for big nations to declare war on FIFA

Without top-tier sponsors, the long and painful reign of Sepp Blatter and his cronies may finally be coming to an end, says Anil Bhoyrul

Property pirates

Many developers are so focused on their future gains that they don’t realise that the future cannot benefit them if they neglect the present, says Mishal Kanoo

Why Dubai should consider removing the rent cap

Property prices in Dubai seem to be fairly stable, and it may be time to rethink the need for the rent cap.

The bravest thing Branson could do right now is hang up his space helmet

Quitting Virgin Galactic now would not be weak, or cowardice, but brave and heroic, says Anil Bhoyrul.


In Pics: A closer look at Riva’s iconic yachts

Launch of Abu Dhabi’s first high-end marine leisure boutique at the Emirates Palace Hotel

GCC states increase diplomatic activities

From the 16th OPEC meeting in Doha to inter-governmental meetings in Kuwait, GCC states have enhanced their various diplomatic efforts towards the end of the year.

Tag Heuer to compete with Apple Watch

The Tag Heuer watch brand, owned by the French luxury group LVMH, has begun preparing a smart watch and is willing to forge partnerships and acquire companies in order to produce an original luxury offering to compete with Apple Watch device, whose launch is scheduled for an early 2015.

43rd Bahrain National Day

Bahrainis wave their national flag as they drive down a street celebrating Bahrain National Day, in Sakhir, south of Manama.

NYC: New Year's Eve preparations

In line with the tradition, New Year's Eve numerals are being prepared at Times Square in New York City, since it is considered to be one of the most epic places to usher in the New Year - the six-hour-long bash culminates with the famous ball drop at midnight.


Australians launch anti-islamophobia campaign

There are concerns regarding a backlash against Australian Muslim communities following the siege of a Sydney cafe because the gunman was a Muslim. But a social media campaign under the hashtag "#illridewithyou" is helping to ease those fears.

Guinness World Records posts tribute clip to Burj Khalifa

The Guinness World Records has published a video about Dubai's Burj Khalifa as a tribute to its 60th anniversary. The world's tallest tower is 828m and designed by Skidmore, Ownings & Merrill (SOM).

UK wage inequality women paid less than men

Politicians in the UK are to vote on a law which will force companies to publish what they pay men and women. It's designed to reduce wage inequality that still exists in one of Europe's richest economies.

Latest Reader Comments

QE2 fans voice outrage as new images show iconic ship left “to rot in obscurity” in Dubai port
Stanislav : I see here some comments, that She needs only some refurbishment)))) All pipes inside is a scrap, all engines are dead and never will be repaired, as it is impossible to find spare parts for Her engines. Steel also require replacement. All wooden decks are completely destroyed by the heat. Sure that...
Ukraine - Thursday, 18 December 2014 8:06 PM

Al Habtoor says investors 'overreacting' to oil price slump
Anand Lobo : Sam, your description reflects the approach of a day trader or a short term investor. Was Emaar exposed to bad news? It has just announced a historical dividend and has a pipeline of projects. So why did the shares fall? Its because too many UAE investors look at the stock market with a casino appro...
UAE - Thursday, 18 December 2014 9:00 AM

Emirates claims victory in legal battle over key Milan-New York route
Suresh : Emirates has staunchly opposed Indian carriers picking up passengers in Dubai for onward journey to Europe and America and yet claims the right to do the same in someone else's territory. Double standards , don't you think ?
India - Thursday, 18 December 2014 3:56 PM

Saudi Arabia's rulers reconsider ties to Wahhabi clergy
Dunya : The problem with Arabia is the Saudi rulers who were put in power by the British.
They plunder the country, oppress the people and steal the resources.
They promote nationalism which is not Islamic. The Muslim Ummah is one Ummah.
There is no priesthood in Islam , Arabia has pupp...
France - Thursday, 18 December 2014 2:26 PM

Ruble crisis could shake Putin's grip on power
SAM : Wow! Mr. Obama and his team must be the most politically savvy people on this planet today. In dealing with a severely damaged economy and a lot of humiliation, Putin's options to retaliate against the US became limited; the only potential ace he had under his sleeve was getting very close to Cuba ...
UAE - Thursday, 18 December 2014 2:26 PM




Saudi open to debating the ban on women drivers, says Shoura Council leader

Head of the consultative legislative body said it was "important that the discussion occurs" but did not give any timeline


US food supplier accused of supplying $5m of fake halal beef to the Gulf

Company charged with fraudulently claiming meat sold in the UAE and Kuwait was handled by Muslim experts


$49bn wiped off value of Gulf stock markets

Fresh wave of panic selling on Tuesday as price of oil drops below $60 for first time since 2009


FIFA rejects investigator's complaint over Qatar 2022 report

Appeal Committee says complaint by Michael Garcia over FIFA's summary of his report is not admissible


UAE economy minister reassures investors after bourse plunge

Sultan bin Saeed al-Mansouri says ups and downs in stock markets are normal, likely to resume upward trend


Iranian gunman, two others killed as Sydney hostage siege ends

Number of hostages freed as Australian police storm Sydney cafe after long stand-off with attacker displaying Islamic flag


Developer launches Sweden Island on Dubai's The World

Kleindienst Group says villas on Heart of Europe island will all feature unique snow sauna rooms


Swedish male model jailed in Dubai on drugs charge launches online campaign

Farzan Athari, who is serving 10 yrs for possessing cocaine, has released a song on Youtube


Emirates set to fly 80,000 people on Dec 19 amid festive rush

Dubai airline says more than 240 flights will leave Dubai on Friday; will deploy extra staff to cope with demand


Gulf can cope with cheaper oil, IMF says as bourses plunge

Senior International Monetary Fund exec says GCC economies have built up huge fiscal reserves to cope


Slumping oil won't derail $500bn Gulf infrastructure plan

Rich GCC nations will deploy huge reserves to maintain a breakneck development pace

Big Gulf sell-off fuelled by credit, lax regulation

New impetus to governments in the region to improve financial regulation to reduce the credit-fuelled volatility

Saudi Arabia's rulers reconsider ties to Wahhabi clergy

Ruling family increasingly view the teachings of some of its ultra-conservative clergy as a domestic security threat

Sultan's absence raises worries over Oman succession

Omanis are worried that their childless leader, who is abroad for medical treatment, has no publicly designated heir

The lion's roar: Ashish J Thakkar

Twenty years ago Ashish J Thakkar watched his parents flee the Rwanda genocide having lost everything — again. Today, based in Dubai, the company he started to help get his family back on their feet is a monstrous conglomerate in 22 African countries, and is worth more than $1bn

What former Emirates NBD chief Rick Pudner did next

Rick Pudner was one of the most high-profile bankers and expats in the UAE before he quit as Group CEO of Emirates NBD, Dubai’s biggest bank. Now he’s back and looking to launch a whole new financial model

Shaking things up: Accor CEO Sébastien Bazin

It can be the worst nightmare of an employee or a shareholder: a new CEO sweeps in and shakes things up. But Sébastien Bazin says his radical makeover of leading hotel owner Accor will make the company a household name

Fighting talk: Mohammed Mahfoodh Al Ardhi

Mohammed Mahfoodh Al Ardhi got his early training as a fighter pilot and recently was unveiled as the new executive chairman of Bahrain-based investment firm Investcorp

Saudi Arabia builds start-up culture with state oil money

Gov't has previously has found it hard to promote start-ups in a society which lacks a culture of risk-taking

Is this the end of F1?

By this time next year, five of the current 11 Formula One teams will probably be out of business.

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Prioritising “me”

What's the point?

Tried & Tested: First review of the Dubai Tram

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