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Thursday, 26 November 2015 This newsletter reaches 162,112 readers, to advertise click here

Revealed: the Middle East's 20 most in demand employers

Emaar Properties is named as the most sought after company to work for, followed by Shell and Emirates

Saudi deputy crown prince says considering subsidy cuts

Gulf kingdom may reduce energy and water subsidies for wealthy citizens, impose VAT and taxes on unhealthy goods

Dubai property market likely to bottom out by end-2016

New Cluttons report says house price declines are expected to persist for another year as supply increases

Leaking roof causes floods at Doha’s $15bn Hamad Int'l Airport

Airport officials insist flights are running as normal and 'immediate action' has been taken

Dubai officially confirmed as host city for Expo 2020

Bureau International des Expositions ratifies Expo 2020 Registration Document which set out detailed delivery plans

Riverland Dubai reveals first dining, retail brands to sign up

Themed district will be entry point to Dubai Parks and Resorts' theme parks which are due to open in October 2016

Qatar-owned PSG drops Emirates logo for tribute to Paris victims

Paris St Germain will drop Fly Emirates logo on shirts for next two games; to be replaced by Je Suis Paris

Qatar riyal sinks in forwards market on loan concern

One-year US dollar/riyal forwards rises as high as 312 points, their highest level since February 2009

UAE businessman Al Ghurair set to sell healthcare stake in 2018

Essa al-Ghurair plans to sell a 30% stake in his healthcare business to fund its expansion into Africa

UAE's Taqa seeks to sell stake in US wind power plant

Abu Dhabi National Energy Co has filed with US energy regulators to sell stake in Minnesota plant

Standard Chartered appoints CEO for Islamic banking business

Rehan Shaikh moves from Dubai Islamic Bank to head up global Islamic banking sector

Dubai ruler's helmet sells for $6.5m at charity auction

Sheikh Mohammad donated the item to raise funds for the Al Jalila Foundation

Dubai's Citymax opens first international hotel in Egypt

Hospitality division of Dubai-based Landmark Group opens 156-room Hayat Alex Park in Alexandria

Burj Al Arab to get new bar on 27th floor

New bar is part of hotel's most significant upgrade since it first opened its doors in December 1999

Oman completes $4.5bn contract talks for plastics complex

State-owned ORPIC says it has finalised negotiations with preferred bidders for major plastics complex

Saudi firm inks $1.1bn deal to build new cement plant

Saudi Arabia's Yamama Cement Co signs contract with Germany's ThyssenKrupp for new plant

Saudi property company Alandalus plans December IPO

Market regulator reveals plan for the first flotation since the kingdom allowed direct foreign share ownership


Why the lack of a bankruptcy law hurts innovation

The UAE has laid out the welcome mat for entrepreneurs but the increasing number fleeing debt is yet more evidence of why the country must have a bankruptcy law, says Courtney Trenwith

A holding pattern for the Dubai Airshow

The showpiece event still stole the headlines, even if the big-money orders of 2013 were absent, says Ed Attwood

The race for Africa

The world is competing for the emerging region’s immense opportunities but the GCC’s reluctance to invest in its neighbour could leave it lagging far behind, says Courtney Trenwith

Profits and (eradicating) poverty can be friends

An impressive array of social entrepreneurs are changing the world, and making money at the same time, says Courtney Trenwith

Will the airline subsidies debate ever end?

Emirates Group has paid $4bn worth of dividends to the Dubai government in the past 30 years, so who is helping out who, asks Ed Attwood

Can we believe the forecasts about the Dubai real estate market?

Ziad El Chaar, managing director, Damac Properties, criticises the glut of market research, often presented 'without any effort to scrutinise the basis and reliability of the numbers'

Why Gulf expats should take responsibility for their retirement

Pension plans are not common in the Gulf, so it is essential for employees to plan ahead, says Courtney Trenwith

Saudi Arabia is playing 'oil poker' with the world but will the gamble pay off?

If other major oil players such as Russia and North America maintain or increase their oil production, prices can stay low longer than Saudi Arabia anticipated, which will decrease the kingdom’s reserves further and faster


Abu Dhabi Grand Prix: Know your F1 drivers

The final race of the season is almost here – but who are the top track stars?

Qatari Emir visits Mexico

Qatari Emir Sheikh Tamim bin Hamad Al Thani met with Mexican President Enrique Pena Nieto at the National Palace in Mexico City, on November 24, 2015.

Five lifestyle apps every Dubai resident should have

From spa services to dining outlets, here are essential lifestyle apps

Focus on innovation: The best tech exhibitions in 2015

The World Robot Exhibition containing World Forum on Robot, World Robot Exhibition and World Adolescent Robot Contest would be held on Nov 23-25 at China National Convention Center in Beijing.

In pics: Five P&O ships spectacular‎ in Sydney Harbour

Five P&O Cruise ships met for the first time at sunrise off the Sydney coastline, creating a V formation before sailing abreast in one line towards the city, on November 25, 2015. It was the greatest number of ships from a single cruise line to be in Sydney Harbour at the same time.


Wearable tech to decode sign language

Biomedical engineers are developing a wearable technology capable of sensing the muscle movements used during sign language and translating them into English speech.

Possible discovery of new dinosaur species in China

China’s growing stature in the world is pitting it more and more in competition with the United States. Now in addition to rivalry in diplomatic, military and economic spheres, comes a new race - to be the world’s pre-eminent leader in dinosaur fossils.

How to calculate the Shadow Economy?

Dr. Friedrich Schneider, Professor of Economics, Johannes Kepler University Linz, on the size of a shadow economy in a country.

Latest Reader Comments

Home truths: Dubai Properties Group CEO Abdullatif AlMulla
Paul S : Bla bla bla. All what DPG have done is make one big announcement after another and yet not deliver any project. While Emaar, Nakheel and Meraas are actually going ahead with projects, DPG focus more on press releases and interviews like this one ...
UAE - Wednesday, 25 November 2015 1:08 PM

Iraq's Bride Tower aims to top Dubai's Burj Khalifa, Jeddah's Kingdom Tower
Omar Abdel Rahim Abu Omar : That's a very, very, very optimistic project......
Finland - Wednesday, 25 November 2015 1:08 PM

Yemen Airways says to relaunch flights to UAE
Rehlat : Thats a Good move for Yemen Airways , Dubai is one of the top destination in the world and especially in the middle east and direct flights to Dubai will really help the frequent travelers.
India - Wednesday, 25 November 2015 1:09 PM

One in six UAE residents say have delayed, missed 2015 debt payment
Mosa : Never do I understand peoples hunger for credit cards and the pounding debts accumulated with it.

Its basic maths - you cannot pay for something with what you do not have!

If we earn Dhs 5,000/-, and we spend Dhs 10,000 limit on our cards - where are we going to get the balance fro...
UAE - Wednesday, 25 November 2015 9:17 AM

Sheikh Mohammed launches $544m fund to support innovators
Veronica Chapman : Why don't we have Dragons Den like the UK. There are 4 on a pal, and the entrprenaurs go in one by one, explain what business they would like to set up, then how much money.

The panel one by one can say I'm not interested, or if it's a good
Business they get the money off one of the ...
UAE and UK - Wednesday, 25 November 2015 9:18 AM




Workers evacuated after Dubai tower fire

Black smoke and flames seen coming from the 33-storey tower Regal Tower in Business Bay


US airlines report surging employment levels, despite claims Gulf carriers are 'harming American jobs'

Latest jobs figure is the highest monthly total since Sept 2008, represents 22 mths of continuous growth


Hundreds left homeless after Deira blaze

Owner of uninsured Dubai building has promised to house residents in hotels for up to 3 months


One in six UAE residents say have delayed, missed 2015 debt payment

New survey also reveals that 45% of UAE residents are 'highly stressed' about the amount of debt they have


Sheikh Mohammed launches $544m fund to support innovators

Sheikh Mohammed bin Rashid Al Maktoum Fund To Finance Innovation is set to launch official operations in H2 2016


Saudi builder Binladin said to cut about 15,000 jobs

Sources say construction company to shed jobs in a sign of pressure on the industry as Saudi gov't trim spending amid low oil prices


Entrepreneur of the Week: Mohamad Sharif Al Zarooni

Al Zarooni has grown Dimara International - a service supplier to the hospitality industry - to the top of the third Dubai SME 100 ranking


Iraq's Bride Tower aims to top Dubai's Burj Khalifa, Jeddah's Kingdom Tower

1,152 metre "mega tall" skyscraper is proposed for Basra


Dubai builder Arabtec replaces acting CEO

Former CEO Hasan Ismaik quit after a dispute with majority shareholder Aabar, while other senior staff have also departed


Hundreds of workers on strike at $5bn Doha regeneration scheme

Developer reportedly working to resolve dispute over unpaid wages


Home truths: Dubai Properties Group CEO Abdullatif AlMulla

Dubai Properties Group is one of the emirate’s real estate crown jewels but has not courted the same level of press interest as Emaar or Nakheel. With epic masterplan projects including JBR, Dubailand and Business Bay and a mass land bank to develop, newly appointed Group CEO Abdullatif AlMulla looks set to spruce up the company’s profile

The African opportunity: Full of potential for brave investors

A record $87bn of foreign direct investment flowed into Africa last year, and it is safe to say that even more is headed there this year. The 12th Arabian Business Forum presented the opportunities, risks and forecasts for the continent, according to top GCC-based businessmen, including Etisalat CEO Ahmad Abdulkarim Julfar, Stallion Group founder Sunil Vaswani and Mansour Group’s Mohamed Mansour.

Security man: Thales Group CEO Patrice Caine

As the world seeks greater security from increasingly sophisticated attacks — on cyberspace, transportation hubs and city streets — demand is soaring for Thales Group’s electronic protection systems, CEO Patrice Caine says

Path to profits: Pearl Initiative's Imelda Dunlop

Imelda Dunlop, the executive director of the non-profit Pearl Initiative, explains why good governance will boost your company’s bottom line

Saudi Wahhabi dilemma in spotlight after Paris attack

While Riyadh has cracked down hard on jihadists at home, its approach to religion has raised a dilemma

Viewing outside the box: the future of TV

The days of an entire family sitting down to watch a primetime TV show have long been dwindling, with the way we watch video content transformed by iPads, YouTube, video-on-demand, Netflix binge watching and the launch of hundreds of channels. Experts tell Arabian Business how these changes are affecting everyone from viewers to advertisers — but the Middle East is breaking the mould

Chemical imbalance: Yogesh Mehta

Petrochem founder Yogesh Mehta does not mince his words as he warns that the current dire situation of the petrochemicals industry is here to stay, and reveals his dramatic plans to restructure in a bid to remain one of the region’s biggest players

It's Africa's time to shine

Africa has long been portrayed as a troubled continent, leading more cautious Gulf investors to lag behind other regions in tapping into the wealth of opportunities. But Africa is fighting back, working to overturn negative stereotypes and attract Arab investment to its shores.

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Oman must speed up its border control

Bonus points for better workers' rights

Dubai residents urged to hide valuables from maids?

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