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Wednesday, 26 October 2016 This newsletter reaches 162,112 readers, to advertise click here

Revealed: new Dubai mall to feature huge 'Central Park' attraction

Cityland Group says nature-inspired shopping mall to launch in Q2 2018, also planning to replicate concept in Abu Dhabi, Al Ain

UAE, Bahrain among world's most improved countries for SMEs

New World Bank report named both Gulf countries in top 10 most improved for adopting reforms to make it easier for SMEs to do business

Emaar chief Alabbar to set up JV with Chinese contractor

Dubai developer says new joint venture company will be capable of building 30 storeys of a property in 30 days

Serco says Dubai Trolley operations deal extended to 2019

Service company announces 3-year contract extension by Emaar Properties for Downtown Dubai transport system

UAE telco Etisalat posts 16% jump in Q3 net profit

Abu Dhabi-based telecoms company says it made net profit of $517m in the three months to Sept 30

Abu Dhabi's non-oil foreign trade rises to $22.9bn in H1

General Administration of Customs – Abu Dhabi releases figures which show decrease in imports but increase in exports

Licensed holiday home operators double in Dubai in 7 months

Dubai Tourism says number of homes now available for holiday rents up by 13% since February

Qatar's state healthcare firm launches 'biggest recruitment drive'

Hamad Medical Corporation says it is seeking to fill 2,690 vacancies by the end of this year

Abu Dhabi's largest lender posts flat Q3 net profit growth

National Bank of Abu Dhabi says it made a net profit of nearly $360m in the three months to Sept 30

Kuwait's KFH sees opportunity in financing Gulf deficits

Kuwait Finance House meets with gov'ts, companies in region to discuss how deficits can be financed

Middle East hotels see 9% revenue drop in Q3

Absolute average daily rate (ADR) was lowest for quarter on record, according to STR

Dubai's shipping firm to expand fleet with China's Wuchang Group

Gulf Navigation says agreement will help meet increasing demand for shipping chemicals from GCC to global markets

Kuwait's KIPCO posts 2% rise in Q3 net profit

Gulf state's largest listed investment company says it made net profit of $39.6m in three months to Sept 30

Kuwait bank lists $200m sukuk on Nasdaq Dubai

Ahli United Bank's fundraising bring total value of sukuk listing in the UAE to $45.75bn

Qatar's Barwa Real Estate says Q3 profit rises 136.2%

Developer posts net profit of $81.6m in the three months to September 30


Will Kuwait's political rollercoaster derail?

Dissolving Kuwait’s parliament – the most cooperative in years – could backfire, says Courtney Trenwith

Dubai: the smartest city of the future?

Dubai’s passionate adoption of futuristic technologies could see it leapfrog other developed economies, says Courtney Trenwith

Why Takaful is misunderstood

The Sharia-compliant insurance industry must make a more concerted effort to compete with conventional products

Banking on new bankruptcy legislation

The UAE’s approved insolvency law is its most valuable investment in the economy in years, says Courtney Trenwith

The double standards of US carrier complaints over Gulf codeshare deals

Automatically handing the Big Three airlines US government contracts would simply amount to state subsidies, says Ed Attwood

The calculus of conflict in the Middle East

Christine Lagarde said IMF, along with the international community, will be called upon to assist in rebuilding the economy once the conflicts end

Finally, developers in Dubai appear to be listening

The increasing number of new affordable residential projects in Dubai have not come soon enough, says Courtney Trenwith

Why Saudi Arabia's private sector needs to step up

The kingdom’s government is between a rock and a hard place when it comes to funding millions of public sector jobs, says Ed Attwood


In pictures: Dubai's $73m 'Institute of Design and Innovation'

The move is the latest in Dubai's bid to become a beacon of innovation and design for the region, following the establishment of the Dubai Design & Fashion Council and d3.

In pictures: IDC's top 5 smartwatch vendors

IDC unveils which smartwatch vendor came out on top from its Worldwide Quarterly Wearable Device Tracker

In pictures: Tourists celebrate solar illumination of King Ramses II statue in Egypt’s Aswan

Egyptian officials and tourists celebrated the alignment of the sun on King Ramses II's face, a phenomenon that occurs twice a year, marking key dates in the pharaoh's life.

In pictures: Previews to Ras Al Khaimah 2016 Golf Challenge

European Challenge Tour players Joel Sjoholm of Sweden, Jurrian van der Vaart of the Netherlands, and Sandro Piaget of Monaco play from the 'high tee' near the summit of Jebel Jais mountain, the highest peak in the UAE.


Video: Emirates' first flight to Karachi

Dubai Media Office has released a video of the first ever Emirates flight, from Dubai to Karachi on October 25, 1985.

Video: Britain backs new $22bn runway at Heathrow

Britain gives Heathrow Airport the green light to build a new $22 billion runway, ending 25 years of indecision and vowing to boost global trade links following the vote to leave the European Union.

Video: Explosion hits Turkish tourist resort of Antalya

At least 10 people were injured on Tuesday in an explosion outside a chamber of commerce building in the southern Turkish city of Antalya.

Video: Chinese investor buys 25 percent of Hilton Hotels

Transport to shipping conglomerate HNA is paying Blackstone Group 6.5 billion dollars for a big slice of of Hilton Hotels Worldwide.

Latest Reader Comments

Construction work set to start on DIFC's $272m Gate Avenue
Desert Dream : This is a fabulous project and will transform DIFC. Over the next few years i expect rentals to increase by 20% in DIFC. It will consolidate itself as the no 1 residential location in Dubai....
UAE - Wednesday, 26 October 2016 12:58 PM

Nakheel launches new $32m Palm restaurants complex
john : What is so interesting is that it is hard to find a good restaurant in Dubai at all levels. Further what is interesting is the amount of money that people must invest whilst their restaurants sit basically empty. Where do they get this cash flow? The marketing is superb in Dubai and most often you c...
UAE - Wednesday, 26 October 2016 12:58 PM

30th anniversary special: How Emirates brought the world to Dubai
solomon uwakwe : Emirate Airline is the pivot through which all other commercial and tourism activities of the United Arab Emirate rotates. I salute the management team.
Nigeria - Wednesday, 26 October 2016 10:32 AM

Return of 'serious' buyers to Dubai is sign of recovery, says Nakheel chairman
Bassam : Glad Dubai is final getting serious buyers, wonder when they will get serious developers??...
Kuwait - Wednesday, 26 October 2016 10:33 AM

UAE President issues long-awaited decree on bankruptcy
khalid : as long as bounced chqs can lead to prison. (as banks and businesses use this method for collection payments/credit worthiness/collateral/threat) people will still be afraid to stick around if their businesses are having cash flow issues....
UAE - Wednesday, 26 October 2016 10:33 AM




Under-25s only need apply: Alabbar's plans for company of millennials

Emaar chairman to launch a string of major digital and e-commerce launches in the UAE, backed by $1 billion raised from investors


Dubai Airports CEO calls for hourly flights from Dubai to London

Paul Griffiths urges countries to learn from the UAE and separate major infrastructures projects from the political domain


Revealed: What the Abu Dhabi-Dubai Hyperloop will look like

Plan shows the Hyperloop connecting three airports in the UAE - Abu Dhabi Airport, Al Maktoum Airport and Dubai Airport


Dubai billionaire plans to launch app to compete with WhatsApp

Emaar chief Mohamed Alabbar hints that service will be designed for an Arabic-speaking audience


Saudi central bank asks banks to reschedule property loans

Move comes as government austerity measures reduce incomes of many Saudi citizens


Construction work set to start on DIFC's $272m Gate Avenue

Habtoor Leighton Group is awarded contract to build mixed-use development; set for end-2017 completion


UAE named in the world's top 10 most generous countries

75% of UAE residents say they have helped a stranger while 63% claim to have donated to good cause, says CAF World Giving Index


flydubai launches rewards programme for passengers

Low-cost carrier says will team up with hospitality, lifestyle and retail brands to offer benefits under OPEN programme


Saudi civil servants hit out at accusations of 'laziness'

Minister Khaled Al Araj told Saudi TV staff only work for one hour a day


UAE businessman to seek $450m damages for false arrest in US

Ahmed Al Menhali was detained by armed police at a US hotel when a clerk became suspicious of his Emirati clothing


Forgotten fees: the challenge of investing in Dubai property

Investors attracted to low service charges at some Dubai residential towers are now facing huge bills to replace ill-maintained assets, or risk potentially dangerous hazards for tenants

Banking on reforms in Kuwait

As Kuwait stares down its first deficit in 20 years, the Gulf state is relying on its financial sector to help navigate choppy fiscal waters. Delayed plans to privatise the Kuwait Stock Exchange are finally on the home stretch and could prove vital to the country’s recovery

The write stuff: Al Jazeera's Mostefa Souag

In two decades, Qatar-based Al Jazeera Media Network has broken through deep-seated reporting barriers in the Arab world, airing issues and views previously suppressed by those in power. Its coverage has brought it many enemies but in the network’s most open interview yet, acting director-general Mostefa Souag remains steadfast

Brand of its own: Preferred Hotels' Lindsey Ueberroth

Preferred Hotels & Resorts is giving independently-owned and managed properties a global reach they have never before had. CEO Lindsey Ueberroth explains why GCC hotels are fast signing up

Saudis face dilemma between size and pricing in debut bond sale

Riyadh is under pressure to maximise the size of its international issue with a 2016 state budget that envisages an $87bn deficit

Smart move: Automated transport in the Gulf

In a few short years how we get from A to B will be dramatically different. With goals including automated transport and a Hyperloop, the Gulf is speeding along in the sector

Get connected: Avaya Nidal Abou-Ltaif

Nidal Abou-Ltaif, president of Avaya International, explains how the telecoms equipment giant is taking on new technology, new challenges and new markets.

How technology is changing daily life in the UAE

Free wifi in public spaces and remotely monitoring utility use are no longer an indicator of an advanced city. Arabian Business looks at how technology is evolving just about every part of daily life – and how the UAE is leading the way.

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