Have trouble reading this email? See it in your browser
Thursday, 30 October 2014 This newsletter reaches 162,112 readers, to advertise click here

Etihad, Alitalia offer concessions in bid for EU approval for stake deal

European Commission says that it will decide by November 17 whether to clear the 49% stake deal

Dubai's Emaar posts 21% jump in Q3 net profit

Real estate giant reports net profit of more than $206m despite drop in revenue for three months to Sept 30

Don't panic over oil price collapse, says OPEC chief

Steep drop in oil prices has raised the question of whether OPEC will cut its output to support the market

Kuwait's UPAC to invest $224m in Abu Dhabi mega mall

Construction of $1bn Reem Mall is set to start in 2015 and expects to open three years later

Abu Dhabi hires regulatory chief for new financial zone

Former Singapore Exchange senior exec joins Abu Dhabi Global Market to oversee regulatory framework

Most Dubai rents continue to fall in Q3, says regulator

Downtown Dubai, JBR, Greens Community and Arabian Ranches all witness decreases - RERA Index

Makkah, Madinah banks complain about high ATM rents

Central areas have no more than 10 ATMs, say chamber officials

Godolphin buys majority stake in Dewhurst winner Belardo

Dubai racing stable announces deal for share in top horse owned by Saudi Prince Faisal

Nakheel to lease Palm beachfront spots for new restaurants

Dubai developer says it is now leasing space for 17 new restaurants and cafes on Palm Jumeirah

Foreign units help Bahrain's Batelco to 40% Q3 net profit rise

Improved performance for former monopoly which had reported declining profits in 17 of the previous 20 quarters

UAE's Amanat says $374m IPO fully covered within first week

Healthcare and education start-up is the latest of several UAE companies to go public this year

Qatar's CBQ reports 79% surge in Q3 net profit

Commercial Bank of Qatar says it made nearly $131m net profit in three months to Sept 30

CCTV installed to monitor Oman's drinking outlets

Royal Oman Police can check footage from new cameras without prior notice - report

Bank Muscat's Islamic unit plans debut sukuk in Q1 2015

Oman lender says it has received regulatory approval for the issue, which would help fund its expansion


Indian power means UAE power

We present the most influential men and women of Indian origin who are making a difference in the UAE’s business and industry today

Cracking the online payments puzzle in MENA

Khaldoon Tabaza looks at why both investors and founders are worried about venturing into e-commerce businesses

Do you actually own your house?

Transparency and disclosure should be the hallmarks of any mature property market, says Ed Attwood

Should Dubai introduce a second stock market?

Anil Bhoyrul poses the question as analysts suggest up to 25 firms in the UAE are now planning an IPO

Of course I don't need a shrink

Learning about yourself is one of the most rewarding journeys you'll experience, says Silja Litvin

Is Branson the man to shake up the telecoms industry?

The introduction of MVNOs is the biggest change to Saudi Arabia’s telecoms sector in many years, says Anil Bhoyrul

Second time lucky on The World?

Promises from developers of the islands have come and gone but is it different this time, asks Ed Attwood

Good times are over for Dubai property... and we should be thankful

Despite the big project announcements at Cityscape, the evidence suggests Dubai’s real estate market is becoming more mature, says Anil Bhoyrul

Achieving 20m by 2020: DTCM chief Helal Saeed Almarri

Dubai's tourism boss on becoming one of the world’s most visited cities


For sale: Ten luxury castles currently on the market

The lavish stately homes in Europe and beyond, starting from just $290,000 and up to $25m

UAE Dhow race

HH Sheikh Rashid Bin Hamdan Al Maktoum has awarded AED10m and three luxury cars for the first three winners, making the race the biggest in terms of traditional marine sports

March in Ramallah to mark 66 years of Israeli occupation of the West Bank

A 66-metre Palestinian flag, a symbol of the 66 years since the beginning of occupation of the West Bank, is seen on the fence of Palestinian Presidential office

From the frightful to the frilly, costume shop prepares for Halloween

With about a third of the population either attending or throwing Halloween parties, Americans are expected to spend $7.4bn on the holiday this year

InPicture: The GCC’s 100 Most Powerful Indians 2014

We present the most influential men and women of Indian origin who are making a difference in the GCC’s business and industry today

Top 10 most desirable properties in the UAE

Multi-million dollar homes situated in some of the most iconic landmarks or exclusive addresses

Top 20 universities for producing billionaires

The majority of the top educational institutes are from the US


Air traffic management specialists NATS open dedicated office for the MENA region

One of the world's leading air traffic management company, NATS, has opened its headquarters for the MENA region

Distrust deepens among Kirkuk's communities

The Iraqi city of Kirkuk faces almost daily attacks as government forces take on the ISIL

Libya rival militias contest Kikla area

The Libya Dawn coalition is trying to take a crossing near the town of Kikla from a local militia

Latest Reader Comments

Do you actually own your house?
skp : This is unbelievable from Nakheel. In a case where we want landscape our garden with some tiles and grass costing around 12500, Nakheel is demanding a fee of AED 2500 which is 20% of the cost.. This is attrocious.....
uae - Thursday, 30 October 2014 9:06 PM

‘How my Dubai mortgage landed me in a police cell’
Awi : I live in the UAE for 10 years. I have had friends flee the country for similar cases. Since no change occurred in the banking system, incidents like this will continue to occur. Make sure you have loads of money before buying property in the UAE! BEWARE! Banks will beg you to take their loans, but ...
UAE - Thursday, 30 October 2014 9:06 PM

Bahrain to increase visitor visa fees
Jason : they increased the visa fees by 500%. Isn't this worthy news to pick up for debate on what is reasonable and excessive?...
Canada - Thursday, 30 October 2014 9:05 PM

Saudi diplomat arrested for 'erratic driving'
Herry : In Saudi Arabia, alcohol is banned ! Hopefully this idiot is disciplined accordingly !...
Canada - Thursday, 30 October 2014 5:57 PM

Visa fee hike for expats in Oman from Nov 21
Wadi : Such a badly organized and ill thought out process.

The absolute shambles when trying to extend a visa at Muscat airport merely serves to highlight the breathtaking incompetence of the Omanis working there.

As a long staying tourist (and one who spends a fairly significant amount ...
MCT - Thursday, 30 October 2014 5:56 PM




Rise in UAE residents using credit cards, loans to clear existing debts

Survey results reflect growing concern over the rising cost of living as Dubai inflation hits highest level since 2009


Dubai sheikh offers $1m to buy replica Batmobile

Iconic car is based on the 1989 movie staring Michael Keaton


UAE builders face cash crunch of late payments, low margins

Pressure on contractors means some of the glamorous new mega-projects announced may fall well behind schedule


Macy’s to open first store outside the US in Abu Dhabi

Deal will also include the UAE’s second Bloomingdale’s, which will be the largest department store in the MidEast


Qatar fund set to buy Canary Wharf tower for $1.7bn

HSBC’s global HQ sale would be one of the largest property deals in London


Hard Rock Int'l has Qatar in sights in MENA expansion plan

World famous US brand says it is in talks for new hotels in Qatar, Morocco, Egypt to follow up Dubai debut in 2015


Real Madrid agrees IPIC deal to help fund stadium overhaul

Spanish football giants announce 'long term strategic partnership' with Abu Dhabi investment fund


Madame Tussauds says 'no plans' for MidEast wax museums

Dubai owns 18% in its parent company and recently resurrected plans for LegoLand Dubai


Sheikh Mohammed announces $1.22bn investment in internet, media zones

Capital will help fund technology laboratories, smart buildings and business incubators over five years


Yusuffali MA tops Indian Power list for fifth year running

RP Group’s Dr Ravi Pillai placed second, with Feroz Allana third in rankings of 100 most influential Indian expats


UAE telco Etisalat Q3 net profit rises 22%

48% of group revenue came from its international units, up from 35% in the year-ago period


Power and profits

The most influential members of the Gulf’s largest expatriate community

Saudi Arabia, Kuwait shared zone tensions underlie oilfield closure

Crude output from jointly-run offshore Khafji oilfield has been halted temporarily to comply with environmental rules

Interview: RP Group's Dr Ravi Pillai

Dr Ravi Pillai launched his first business at the age of 14, trading in coconuts so he could afford school books. Three decades later, his RP Group brings in revenue of $4bn and employs 80,000 staff, helping make him one of the world’s richest Indians

Fears for tough penalties grow as India cleans up business

Country’s regulators feel emboldened to take on even companies long sheltered by political connections

Straight bat: Australian cricket captain Michael Clarke

Michael Clarke gives the inside view on being the Australian cricket captain, including his public rants against team selectors, and gives his input on whether Dubai, the home of the International Cricket Council, is doing enough to support the game

Keeping the faith: HMH's Laurent Voivenel

UAE-based Hospitality Management Holdings’ chain of Sharia-compliant hotels is expanding quickly, in line with the growth in the region’s hospitality market. New chief executive Laurent Voivenel says he is keen to target the mid- and low-range segments of the industry

Revealed: The countries the ISIL militants come from

Thousands from Saudi Arabia and Morocco have flown to Syria to join the fight - report

Walking on air: Naji Skaf

When Naji Skaf was appointed CEO of gas group Gulf Cryo well in advance of his 40th birthday, he raised several eyebrows. The young executive discusses how he uses his age to his advantage, what it’s like trying to advance within an established family business, and how he’s taking the company to the next level

Follow Us
facebook facebook facebook facebook
ADX 4,861 -1.8%
ASE 2,106 -0.01%
BSE 1,444 0.33%
DFM 4,545 -1.66%
KSE 7,362 -0.13%
MSM 6,975 -0.07%
QE 13,499 -2.01%
SSE 10,035 -0.47%
Share prices are updated with a 15-minute delay. Data is not intended for trading purposes

Prioritising “me”

What's the point?

Tram trepidation

‘I’m not working today’

Why Buffet wouldn't have invested in Twitter

Should you trust your gut?

Banking & Finance |  Construction & Industry |  Education |  Energy |  Healthcare |  Media & Marketing
Personal Finance |  Real Estate |  Retail |  Technology |  Transport |  Travel & Hospitality