ArabianBusiness.com/subscribe Have trouble reading this email? See it in your browser
Would you also like to receive our Arabic Newsletter? Then click here
Saturday, 10 December 2016 This newsletter reaches 162,112 readers, to advertise click here
NEWS »

Bangladesh unions join suit against FIFA over Qatar World Cup workers

Lawsuit calls on FIFA to force Qatar to adopt 'minimum labour standards' for migrant workers working on 2022 tournament

US Congress mulls Gulf military sales worth nearly $8bn

US State Department notifies Congress of possible deals to Saudi Arabia, the UAE and Qatar

Popular Dubai villa districts see price rise in November

ValuStrat Price Index highlights 1.6-1.9% rises for mid to high-end villas in Arabian Ranches, Palm Jumeirah and Jumeirah Village

MidEast airlines forecast to see $600m slump in profits in 2017

IATA also says regional carriers will see average profit per passenger of $1.56 next year, much lower than global average

Saudi Oger's $3.5bn debt plan 'hit by creditor court move'

Sources say construction firm's attempt to restructure debts have been dealt another blow

Washington to check if Russia-Qatar oil deal violates sanctions

Kremlin has presented the $11.3bn deal as a major coup; demonstrates that for foreign investors the lure of Russia's oil sector outweighs the risks

Saudi Arabia could see sovereign credit rating slashed over deficit

Fisch Asset Management says austerity, privatisation and taxation measures not enough to reduce deficit enough

UAE banks eye plan to improve customer complaints system

UAE Banks Federation says working on 'unified approach' to increase transparency in sector

UAE's ProVita acquires homecare provider LifeWise

Long-term car firm says deal is set to further improve the quality of life for patients and their families across the UAE

Sharjah says targeting 200,000 Chinese tourists by 2021

Hotels in Sharjah welcomed more than 75,000 Chinese visitors during the first nine months of 2016, up 75%

UK expats named as most risk averse investors in the UAE

New research says non-resident Indians are the most informed on their investment portfolios

UAE theme parks forecast to bring in 19m visitors a year by 2020

Colliers report says new parks will also create economic boost for hoteliers following a difficult 24 months

Mall developer aswaaq set to build two new Dubai retail projects

Community malls will open in the growing areas of Nad Al Sheba and Al Quoz 2 in Q4 2017

UAE retains title of Middle East's top country for enabling trade

New World Economic Forum report ranks the UAE 23rd globally while Kuwait is named as region's most closed economy

Oman Air says to launch debut flights to China

National carrier announces plan to make first foray into China with Guangzhou flights from Dec 9

Bahrain's Seef says to build $106m mixed-used project in Hamala

Developer launches LAMA Real Estate to build project which is set to be completed by the end of 2018

OPINIONS »

Why the UK-GCC friendship is mutually beneficial

Both need stronger security and new economic ties, says Courtney Trenwith

Why the Gulf cannot ignore artificial intelligence

A robot-powered future may arrive earlier than anticipated in many industries, says Sarah Townsend

Saudi Arabia carries on drilling despite oil slump

Gulf kingdom is one of very few countries to increase drilling in era of low prices, says Reuters analyst John Kemp

Where will Alabbar's quantum leap really take us?

A future valuation of Noon in line with Alibaba and Facebook should not be discounted, says Courtney Trenwith

Powering growth: UAE needs to look beyond the traditional avenues for innovation

Abdulla Kalban, managing director and CEO, Emirates Global Aluminium, on how innovation can make our lives easier

How to solve the Dubai-Sharjah congestion dilemma

The country’s impending public-private partnership legislation creates a ripe environment for third parties to fix the traffic headache.

How Trump can win back friends in the GCC

If the president-elect wants to achieve anything in the Middle East, he has to work with, not against, the region’s leaders.

What could be the economic impact from a Trump presidency?

Initial impact will be felt largely through the financial markets, with uncertainty about Trump’s unpredictability the main concern

PHOTOS »

Revealed: Best rates for luxury car rentals in the UAE

We know luxury cars come at a price, but why pay a fortune when you can get wallet-friendly prices?

Samuel L Jackson honoured at Dubai International Film Festival 2016

Composer Gabriel Yared and actress Rekha also received Lifetime Achievement awards

In pictures: 10 most 'Instagrammed' hotels in the world 2016

Which Dubai hotel do you think is on the list?

How to dress for winter in Dubai

Inspiration from the city’s street style

Latest Reader Comments

Developer Schon unveils $870m Dubai hospitality project
Saira Alnoor : Sounds like this is a good opportunity to invest in hotel business in Dubai. I like it!...
UAE - Thursday, 8 December 2016 1:17 PM

How to solve the Dubai-Sharjah congestion dilemma
Paras : Everywhere vertical developments are creating congestion due to high density of population in each such area and due to limited entry exit points it creates traffic bottle necks within those areas as well as while moving in and out of such areas which will increase in time to come. If a connected pu...
India - Thursday, 8 December 2016 1:16 PM

Saudi builder says nearly $100m worth of projects delayed
Hal Luke Savas : Saudi Arabian construction industry has to change and adapt to new conditions.. no longer the flow of guaranteed contracts from Government shall be the source of wealth, but innovative construction for solution partnering and payment by performance must be the new solution..

But, it is not ...
United Kingdom - Thursday, 8 December 2016 1:16 PM

$1.3bn deal signed to build Dubai's Heart of Europe islands project
NBI : Great News!! Clearly proves that high luxury real estate in Dubai is booming and prices will continue to go up. ...
UAE - Thursday, 8 December 2016 9:17 AM

Exclusive: Alabbar poised to create the Alibaba of the Middle East
A.K. Jain : Top class - Balanced views, i must convey, whatever you are involved in life, must be doing that in a better way than peers.

...
United Arab Emirates - Thursday, 8 December 2016 9:14 AM

All READER COMMENTS
     

EDITOR'S CHOICE »

1.

Emirates chief sees premium economy launch 'within 18 months'

Airline president Tim Clark says new product will involve 'quite a big upheaval' to adapt fleet of aircraft

2.

Qatar's SWF part of group to buy $7bn stake in UK's National Grid

Qatar Investment Authority is one of the investors which has agreed to buy 61% interest in UK gas distribution business

3.

Dubai set to launch first YouTube Space in Q2 2017

Dubai Studio City facility will give YouTube creators the tools and guidance to innovate and experiment with content

4.

Emirates, Rolls-Royce said to resolve A380 engine issue

Emirates is also evaluating new A350s and 787s for delivery around 2021-22, later than has previously been said

5.

Russia sells $11bn stake in Rosneft to Glencore, Qatari fund

19.5% stake acquisition shows lure of Russian oil assets, despite sanctions

6.

Oman central bank says it aims to avoid bank rate rises as liquidity pressures

Economists believe Oman could not resist an uptrend in US rates indefinitely because of the peg of its rial currency to the US dollar

7.

Alabbar says Dubai developer Emaar to 'tighten its belt' next year

Emaar chairman also reportedly sees Dubai market 'rebalancing' between supply and demand into 2017

8.

Britain plans to deepen security cooperation with Gulf, says PM

Theresa May says Britain will invest more than £3bn in defence spending in the region over the next decade

9.

Shareholders of Abu Dhabi's NBAD, FGB approve mega merger

Tie-up will create one of the largest banks in the Middle East and Africa with assets of around $175bn

10.

Rights group says Doha News blockage 'sad and disappointing'

Human Rights Watch says move undermines Qatar’s attempts to present itself as a centre for media freedom

FEATURES & ANALYSIS »

Going public: tycoon BR Shetty

Indian-born BR Shetty turned the meagre $7 with which he arrived in the UAE in the 1970s into a personal fortune estimated at $1bn. In a rare interview, he tells Arabian Business about new plans for the businesses that made him rich - NMC Health and UAE Exchange - revealing little sign of slowing down at 70 years of age

Why did I lose? Reflections of a former UK chancellor

Former British chancellor and touted prime ministerial candidate, George Osborne is using his newfound time on the backbench to research why the ‘Remain’ campaign lost the Brexit vote amid a wave of populist nationalism

Kuwait's anti-austerity lawmakers threaten reform plans

New lawmakers say they are determined to protect basic services and jobs in the country's public sector

Inside Google's brave new world

The $500bn technology giant is extending its reach into hardware and artificial intelligence, ultimately aiming to create a sophisticated robot that can communicate with smart-device users to get things done. In London, Google’s senior executives talk Arabian Business through its bold vision

Power to the people in Saudi Arabia

As Saudi Arabia fights to control surging electricity demand, the government is increasingly turning to the private sector. With an 80-year history in the kingdom, General Electric’s recent $1bn of investment is starting to pay off

Accounting meets religion in challenge for Islamic banks

Reconciling accounting standards and religious principles is challenging Islamic banks and regulators as they adapt to new international book-keeping rules

High Noon: Alabbar's plan to conquer e-commerce

Backed by a Saudi sovereign wealth fund, Mohamed Alabbar is set to transform the region’s e-commerce market with the launch of Noon.com. He tells Arabian Business how he plans to conquer and dominate an industry that will be worth $70bn within the next decade.

On stage: Nick Allott on putting Dubai on global cultural map

The managing director of the world’s most successful theatrical production company, Cameron Mackintosh Ltd, Nick Allott reveals his plans to help make Dubai a global cultural hit

Follow Us
facebook twitter instagram google plus linkedin
Markets
ADX 4,517 1.88%
ASE 2,163 0.06%
DFM 3,559 1.8%
KSE 5,589 0.44%
QE 10,054 0.65%
SSE 7,118 -0.09%
Share prices are updated with a 15-minute delay. Data is not intended for trading purposes
Banking & Finance |  Construction & Industry |  Education |  Energy |  Healthcare |  Media & Marketing
Personal Finance |  Real Estate |  Retail |  Technology |  Transport |  Travel & Hospitality