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Tuesday, 21 October 2014 This newsletter reaches 162,112 readers, to advertise click here

No Islamic New Year holiday for UAE gov't workers

Official announcement says event, which will fall on either Friday or Saturday, will not be transferred to working day

Dubai theme park to feature Sony Pictures, Smurf Zone

Deal signed with Hollywood movie giant to bring 12 themed attractions to planned motiongate Dubai project

Saudi's NCB to convert to Islamic bank after pressure from scholars

Saudi's biggest bank responds to criticism as it launches a $6bn initial public offer of its shares

Qatar Airways picks Frankfurt route for A350 debut

Airbus is set to delivery first A350 to global launch operator by the end of this year

UAE 'takes first steps' to launch unmanned Mars probe

Sheikh Mohammed says seven-year technology project is a 'source of Arab pride'

Unified GCC visa policy being mulled by tourism ministers

Schengen-style visa would allow a person to visit the UAE, Saudi Arabia, Bahrain, Kuwait, Qatar and Oman under a single visa

Saudi Arabia steps up beheadings; some see political message

Sudden surge in executions in the last two months has coincided with a US-led bombing campaign against IS

Dubai's Aramex aiming for two acquisitions in 2015

Founder Fadi Ghandour says logistics company is going to be 'more aggressive' next year

Boeing sees funding boom for MidEast plane deliveries

US plane maker says commercial financial institutions in the region are increasingly funding the record number of deliveries

Saudi Arabia's August oil exports fall to lowest in three years

Top oil exporter fights for market share amid weak demand and ample supplies from rival producers

Kuwait's Mezzan says seeking to list on local stock market

Conglomerate seeks regulator's approval to list 30% of company on Kuwait Stock Exchange

Melia Hotels to make Qatar debut in January

New 280-room property is unveiled with Tanmiyat Real Estate Investment Company in Doha

IBM to pay Abu Dhabi-backed Globalfoundries to take chip unit

IBM says it will pay Globalfoundries $1.5bn in cash over the next three years to take the chip operations off its hands

Kuwait's CBK slashes bad loans as settlements reached

Commercial Bank of Kuwait says it has reached a string of debt settlements with clients

Qatar's QIB sees 12% jump in nine-month net profit

Qatar Islamic Bank says it made $300m net profit for the year to September 30

Rights group urges Kuwait to stop revoking citizenship of opponents

Government says citizenship revoked for false documents, dual citizenship and security reasons

Qatar's largest Islamic lender posts 16% rise in nine-month net profit

Masraf Al Rayan says it made $384m net profit in the year to September 30


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

Why do 72% of new products flop? How to beat the statistics

Dr Georg Tacke reveals some of the tactics to use to make sure you are one of the ones that succeeds

Analysing the MidEast's surge in online classifieds

How the decline in print advertising in the region has been replaced in the fast-paced digital era

The challenges facing the UAE's long-delayed credit bureau

The UAE’s federal credit bureau has finally come online. Authorities have done their bit, now it’s up to banks and other lenders to take it seriously, says Courtney Trenwith

Achieving 20m by 2020: DTCM chief Helal Saeed Almarri

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


Revealed: Top Facebook personalities

Who's celebrated over 100m likes recently? Take a look and find out

Abu Dhabi Crown Prince visits 10 Downing Street

UK premier David Cameron and Sheikh Mohammed Bin Zayed Al Nahyan to discuss the ongoing situation in the Middle East

Launch of luxury steam train holidays from Europe to Tehran

Tickets for the two-week trip costs from $14,333 and starts in Budapest

Apple products down the years

We present some of the US tech giant’s wildly popular products in the past

Holi Run Race in Madrid

Around 20,000 revellers witness the Holi Run Madrid, a 5km race where participants are showered with more than 15,000 coloured powders.


Turkey remains reluctant on fight against ISIL

Turkey remains reluctant to take a more active role in the US-led coalition against ISIL

Toll rises as clashes continue in Libyan city

Intense fighting in Libya has killed more than a hundred people in the past ten days

Experts discuss Ebola crisis in Berlin

More than a thousand health experts meet in the German capital to discuss ways to stop Ebola from spreading further

Latest Reader Comments

UAE launches plan to be 'among the most innovative nations in the world' within 7yrs
Jim Gilchrist - CAES : Dubai’s intention to be ‘among the most innovative nations in the world’ is admirable. Beyond the continued development of technical skill competency, sustainable success will only occur when non-technical ‘thinking capability’ is further developed at the societal, organizational, managerial and ind...
Canada - Monday, 20 October 2014 7:55 PM

Former Qatari PM eyes top UN position
Doug : You make it sound like it's a charitable act. It's just business. It's not as if Qatar doesn't get something in return for paying Brits to work and it's not as if the British economy would collapse or Britons would starve to death if it wasn't for little ol' Qatar. And none of this negates the accus...
UAE - Monday, 20 October 2014 7:54 PM

StanChart set to close bank accounts of thousands of UAE small businesses
Red Snappa : The issue is will local banks be prepared to take on the sudden deluge of SMEs without banking arrangements in 30 days, they too are in the same profit making dilemma.

If Standard Chartered are not prepared to support this layer of UAE commercial society as well as well as take the cream, ...
Ireland - Monday, 20 October 2014 7:54 PM

Saudi airports rated worst in the Middle East
Paul : The best is to avoid as much as possible to set a foot in KSA airports.
It’s unbelievable a country with so much free money and no ability to develop first world facilities or infrastructures!
The experience I had in Jeddah airport reveals the hopeless status of the country. The day oil and ...
UAE - Monday, 20 October 2014 7:53 PM

We "forgot about the food", admits Just Falafel boss
Bassam : I tried it once , and that was it....
Uae - Monday, 20 October 2014 4:29 PM




StanChart set to close bank accounts of thousands of UAE small businesses

Central Bank said in August that up to 8,000 customers will be affected as part of the move to comply with US regulations


Wage dispute resolved for 1,637 UAE construction workers

Labourers had not been paid for 3 months after company shut down


Abu Dhabi part of $2.2bn bid to buy Reebok

Investors are expected to argue that Reebok would do better if it were managed independently of Germany's Adidas


UAE launches plan to be 'among the most innovative nations in the world' within 7yrs

Sheikh Mohammed bin Rashid Al Maktoum announces plan for new legislation, incentives, investment global research partnerships


We "forgot about the food", admits Just Falafel boss

Founder and MD Mohamad Bitar takes to the Arabian Business comments board to thank readers for helping company return to its roots


Dubai house prices, rental growth slows for third straight quarter

New Asteco report says mortgage cap, higher fees making it more expensive for buyers to get onto Dubai property ladder


Saudi airports rated worst in the Middle East

Three Saudi airports take out top five positions on list of world airports, while Dubai, Doha and Abu Dhabi are rated best


Construction billionaire Said Khoury dies, aged 91

Palestinian who founded Consolidated Contractors International Co was ranked 10th in latest Arabian Business rich list


Exclusive: Villa owners forced to scrap extension plans as Nakheel hikes approval fees by up to 233%

Palm Jumeirah residents must pay $544,501 for a 1,000 sqft addition, on top of building costs


Former Qatari PM eyes top UN position

Sheikh Hamad bin Jassim bin Jaber Al Thani in running for UN Secretary General job


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

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

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