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Saturday, 29 November 2014 This newsletter reaches 162,112 readers, to advertise click here

UAE recalls Irish ambassador amid staff mistreatment claims

Ministry of Foreign Affairs says allegations that domestic workers were ill-treated in Dublin will be investigated further

Billions wiped off energy shares as investors rush for exit

Fund managers describe the last 24 hours of trading as 'capitulation' after losses of $33bn

Abu Dhabi crown prince in Qatar to seal reconciliation

Trip is first since the UAE, Saudi Arabia and Bahrain withdrew their ambassadors from Qatar in March

Qatar World Cup opponent mulls FIFA presidency bid

Chilean Harold Mayne-Nicholls was head of technical committee which warned against holding World Cup in Gulf state

Virgin Mobile switches on new telco services in Saudi Arabia

Company's chief executive says it will bring simplest and most transparent prepaid, postpaid packages to the kingdom

Songbird Estates says worth $4.4bn, more than Qatar offer

Owner of London's Canary Wharf says property upturn means it is worth more than offer made by Qatar Investment Authority

Brazil food giant eyes rise in Middle East revenues

Poultry producer BRF aims to increase regional revenues to at least 20% of its total income by 2020

Pakistani actress says to appeal blasphemy jail verdict

Veena Malik, currently in Dubai, says she will return to Pakistan next month after being sentenced to 26 years in prison

GCC to see $72bn construction projects completed by end-2014

New research says Saudi Arabia and the UAE to command the largest market share of completed projects

Pakistan talking to Qatar about LNG imports in 2015

Energy-starved Pakistan is negotiating with Qatar to begin imports of LNG early next year, says minister

Quincy Jones doc to have world premiere at Dubai film festival

Documentary based on ‘Tomorrow-Bokra’ charity single was directed by Emirati filmmaker Ahmed Abdulqader

UK firm wins contract for Doha Oasis mixed-use project

Faithful+Gould to provide management services for project comprising housing, retail and one of the largest indoor amusement theme parks

Dubai Properties to offer discounts on selected projects

Developer announces plan to hold special sales event as part of celebrations for UAE's National Day

Retailers chase space at $1.25bn Place Vendome project in Qatar

Project developer says it has had 'positive response' from high-end European retail brands

Zain Saudi proposes 45% capital reduction to shareholders

Telecoms operator seeks approval to eliminate all accumulated losses up to September 30

Swiss-Belhotel inks deal to run two Riyadh hotels

Company signs agreement with Al Jumaiah Group to manage properties which are due to open next year

Nakheel says 90% of Warsan Souk leased to Emiratis

Dubai developer announces deals for most of 1,000 shops and over 30 restaurants at new retail project

Dubai expects 19% growth in cruise tourism passengers

More than 380,000 passengers set to arrive in Dubai over next seven months, says tourism chief

MENA M&A activity increases by 17% in Q3 but values fall

Ernst & Young report says 109 deals were announced during quarter although deal value falls by 47%

GCC petrochemical revenues rise by 7%, driven by Saudi Arabia

Industry chief warns that regional producers must not be complacent despite seeing $6bn revenues rise


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.

A decade to forget for the Dubai Pearl

Omnix Holdings started work in 2004 on what it said was set to be one of the largest construction projects on the planet

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.

AB Forum: Dubai property market would have recovered quicker if it had a bankruptcy law

A key to attracting businesses to the UAE is allowing them to try, fail, and try again. But, the UAE still hasn’t adopted a unified and effective insolvency regime

Debate: Is it women, not men, maintaining the glass ceiling?

Women in male-dominated professions are on the rise, but concerns over equality still persist


Winners of Arabian Business StartUp Awards 2014

Some of the UAE’s most successful and innovative start-ups, entrepreneurs, and SMEs, and their most active support institutions were honoured at the second Arabian Business StartUp Awards at a gala dinner held at The Westin Mina Seyahi Resort & Marina

GCC interior ministers meet in Kuwait

The 33rd meeting of the Gulf Cooperation Council (GCC) interior ministers, held at Bayan Palace in Kuwait City discussed several important issues that contribute to enhancing security cooperation among the GCC countries

Details of Prince Harry’s visit to Oman

Prince Harry was on a three day visit to Oman before heading to Abu Dhabi to compete in a fundraising polo match for his charity Sentebale

Latest online images of the QE2 in Dubai

Legendary former Cunard ocean liner photographed still docked in Port Rashid

Latest Reader Comments

Malls, malls, malls… what on earth is a man supposed to do?
Ann : I agree with Mishal, this is one of the best article I have ever read.I was kind of laughing while reading..Very true indeed.
Saudi,Arabia - Saturday, 29 November 2014 4:23 AM

Emiratis in private sector jobs to get public sector salaries, benefits
cliff : Doug is spot on. Instead of trying to make the private sector more attractive, the government sector needs to be made less so.

I see this idea of raising salaries as lose/lose. It will either mean forcing the private companies to pay more: making the cost of business more expensive and ru...
uae - Saturday, 29 November 2014 4:23 AM

Saudi Arabia wins case for no OPEC output cut
yousuef : I hope the prices further down to $40. Let's see who is still in the game, shale producers or Opec. ...
Egypt - Friday, 28 November 2014 7:44 PM

Indian workers stranded with no pay in Saudi Arabia
Non-Muslim : What kind of slave system is this???
How utterly disgraceful to read!...
Non-Gulf - Friday, 28 November 2014 12:05 PM

Kuwait looks to cut number of expat driving licences
Non-Muslim : What Kuwait has introduced is illfated, wrongly designed.
Instead they should
- introduce understandable traffic rules and a strong, clearly defined sanctions catalogue
- apply these traffic rules to EVERYONE (not only expats!)
- enforce these traffic rules on EVERYone (not only expa...
Non-Gulf - Friday, 28 November 2014 12:05 PM




Arabtec board changes slow $40bn Egyptian housing deal

Egypt's housing minister says negotiations to implement massive building project has been impacted by shake-up


Saudi Arabia wins case for no OPEC output cut

Gulf oil producers led by Saudi Arabia override calls from poorer OPEC member for action to halt oil price slide


Kuwait looks to cut number of expat driving licences

New amendments to reduce traffic jams include minimum salary and university qualification requirement


Exclusive: Emirates exec reveals why the Dubai airline ditched FIFA

Emirates Group vice-president Gary Chapman said it wasn’t only concerns over the corruption allegations for its decision not to renew World Cup sponsorship


Prince Alwaleed claims victory in Forbes libel case

Saudi royal sued US magazine over claims he dishonestly manipulated the share price of Kingdom Holding


Revealed: Winners of 2nd Arabian Business StartUp Awards

The event highlights the biggest achievers and self-starters within the UAE’s growing start-up and SME sector.


HSBC to refund UAE, Bahrain, Oman customers for excessive fees

Banking giant says it is taking action after charging excessive foreign currency fees on debit and credit card transactions


Staff at UAE ambassador’s house in Ireland awarded $99k each by court

Irish employment rights tribunal heard the three women say they worked 15 hour days, seven days a week for $212 per month


Embattled Romanian Prime Minister under fire after Dubai barman leaks lavish Cavalli Club bill

Victor Ponta, who is already facing leaderships challenges, had his champagne-fuelled tab posted online by a Romanian member of staff


Dubai World said to set meetings to put new deal to all creditors

Sources say state-owned conglomerate will hold talks in London on Dec 1 and in Dubai a week later


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

Africa: The final frontier

$32.5bn of foreign direct investment will flow into Africa this year. So why are investors ignoring the daunting headlines?

Time to do away with credit cards and cash?

You may not know much about Network International, but its name is on nearly every receipt issued in the UAE. Chief executive Bhairav Trivedi explains how we may pay for goods and services in the future.

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.

The new space race: Beating Branson with balloons

Six years and four deaths after Virgin Galactic claimed it was close to taking tourists into space on rocket-propelled spaceships, the company founded by Sir Richard Branson and backed by Abu Dhabi is at risk of being surpassed by helium balloons. One of the frontrunners in the new space race reveals why.

Can Henry Ford's great-grandson save the planet from global gridlock?

Bill Ford now runs a $55 billion company that has a claim to being America’s most influential and innovative corporate. In an exclusive interview, the executive chairman of the Ford Motor Company explains how the 111-year-old firm will adapt to the automotive market’s new world order

How I turned a $5,000 investment into a half-a-billion-dollar fortune

Faizal E Kottikollon built a world-class business in Dubai by tapping into the notoriously closed oil and gas market. He is now looking to leverage that know-how by teaming up with high profile global partners to drive down the costs of education, healthcare and housing - helping to improve the lives of millions

Why PE's back in vogue in the Middle East

Confidence is returning to the Gulf’s private equity market after local investors took a hit after the global financial crisis.

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