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Wednesday, 8 July 2015 This newsletter reaches 162,112 readers, to advertise click here

Arab tycoons should give more to charity, says Al Ghurair

Abdul Aziz Al Ghurair calls on the emirate to 'institutionalise' philanthropy as family launches education foundation

Dubai property prices down by up to 10% in Q2

New report by Tasweek says sales prices and rents could edge back up during remainder of this year

US airports claim Gulf carriers causing 'devastating consequences'

More than 30 local airports are calling on the US gov’t to intervene in the $40bn subsidies row to prevent the collapse of flights to smaller US markets

UAE confirms gov't salaries to be paid early on July 14

Ministry of Finance says montly payrolls prepared early to give employees financial boost prior to Eid celebrations

UAE firms save $493m during labour card grace period

Labour Ministry says nearly 28,000 companies have resettled fines relating to 58,000 workers during grace period

Dubai's Abraaj buys majority stake in Nigerian mattress maker

Private equity firm inks deal for Mouka Ltd with founding family retaining a minority interest

Dubai driver 'attacked with sword' after road dispute

Defendants deny attacking Emirati motorist after he warned them there was smoke coming from their car

UAE set to launch more Braille currency notes

Central bank says it will put into circulation AED500 and AED5 notes specially produced for blind and sight impaired

Plans submitted for London rival to Qatar-backed The Shard

Developers are seeking permission to construct a 304m tower to rival Qatar-funded landmark

Saudi's Sadara signs $3.77bn power deal with state utility

Agreement will see Saudi Electricity Co supplying power to Sadara's chemicals complex in Jubail Industrial City

Turkish Airlines flight diverted to Delhi after bomb threat

Emergency landing is forced after note warning of a bomb was found in the lavatory

Dubai's DWC steps up to compete for Chinese businesses

Dubai World Central Business Park is competing against the emirate’s other free zones to attract the lucrative Chinese market

Boxing reality show seeks contestants in Dubai

New reality show named White Collar DXB is looking to make boxers out of amateurs

New pizza concept to debut in the Dubai Mall

Local founders of The Pizza Guys to open their new dining concept, PI.DUBAI, in time for Eid

Swiss hotel firm plans fourth property in Jeddah

Mövenpick Hotels & Resorts says 300-room property is scheduled to open in Q1 2019


Why I'm giving all my wealth away

HRH Prince Alwaleed pledges to donate his entire wealth to the Alwaleed Philanthropies

Big things have small beginnings

Abu Dhabi’s Takamul initiative has the potential to change the entrepreneurial landscape in the UAE, says Ed Attwood

Helal Almarri: the man who can

The director general of the Department of Tourism and Commerce Marketing (DTCM) is laying out plans for Dubai’s ambitious goal of attracting 20 million visitors a year by 2020.

Ramadan: Think twice before you invest

Should brands devote more advertising spend during Ramadan, asks Elie Khouri

The DIFC finally becomes king of the castle

Dubai’s financial hub plans to grow its assets under management from $17.4bn to $250bn in the next ten years, says Anil Bhoyrul

OPEC adjusts to new oil market reality

Its decision on Friday not to cut production was entirely predictable, says John Kemp

Life after Blatter

Anil Bhoyrul says FIFA must elect a president who is untainted by scandal and completely unconnected to Sepp Blatter

Why we should support more locally-grown brands

It's time to show the UAE doesn’t just attract the world’s best brands, it also produces them, says Ed Attwood


Qatari team at beach valley championship

The FIVB Beach Volleyball World Championship involved four host cities fin the Netherlands and attracted a record total attendance of 106,000 fans from around the world. Qatar was represented by Younousse Cherif Santos Pereira Jefferson.

In pics: Destruction in Yemen

Saudi-led warplanes have bombed the headquarters of the Yemeni party headed by former president Ali Abdullah Saleh, who is allied to Shiite Huthi insurgents, according to the party.

Fireworks in Beirut

Fireworks lighted up the sky of Jounieh bay, north of the Lebanese capital Beirut, during the opening ceremony of the International Festival of Jounieh on July 2, 2015.


Iran optimistic about growth after sanctions

Tradesmen and shoppers in Iran are keenly awaiting a lifting of sanctions by world powers, as part of a deal on Iran's nuclear programme.

French architects plan vertical city Sahara

French architecture firm designs a sustainable vertical city to be built in the Sahara desert.

Mood-changing wearable tech sets pulses racing

Doppel is a new breed of wearable device, one that its developers say can actually change the wearer's mood by delivering a tactile beat to their wrist.

Germany and France demand 'credible' proposals from Greece

Merkel and Hollande have said that Greece needed to present "credible" proposals at Tuesday's emergency Eurozone summit.

Latest Reader Comments

US airports claim Gulf carriers causing 'devastating consequences'
Mike Thompson : I agree with the US Airlines. The Gulf Airlines such as Emirates should take what they are given, it is not their Country and it is a privilege NOT a right that they are allowed to fly to USA in firstb place. They need to show some respect to the USA....
UAE - Tuesday, 7 July 2015 7:14 PM

Jennifer Aniston among LA residents hitting out at mega-mansions being built by rich Arabs
Fahd : It is just Americans getting jealous over Arab success and power. We saw the same thing in Europe, whenever an Arab buys or builds something nice, there is a barrage of protests. ...
Qatar - Tuesday, 7 July 2015 7:13 PM

UAE firms save $493m during labour card grace period
Alain : why does the labour department announce visits in advance? It gives the company time to clear out the illegal employees. Why not surprise visits? Wouldn't that be more effective?...
UAE - Tuesday, 7 July 2015 3:52 PM

Scottish gov’t supports bid to return QE2 to UK
Vote Yes! : If it belongs anywhere its Southampton, its home port, but if the Scots want it let them have it, provided they stick their hands in their own pockets to pay for it rather than those of the beleaguered English tax payers. ...
England - Tuesday, 7 July 2015 1:02 PM

UAE says women will play key role to shape country's future
Veronica Chapman : Good luck ladies, so proud of all your achievements.........
We as guests of the UAE know how difficult it is in a mans world,
How things are changing in the UAE hard work, dedication and true spirit is all that is needed, I wish Sheika Manal bint Mohammed bin Rashid Al Maktoum, wife of Shei...
UAE and UK - Tuesday, 7 July 2015 1:44 PM




UAE's Al Ghurair family pledges one-third of its wealth to charity

Mashreq Bank founder Abdullah Ahmad Al Ghurair to establish a regional education foundation, donating $1.1bn over the next 10 years


UAE approves bankruptcy law decriminalising bounced cheques

Draft law aims to regulate "accumulated debts... as well as support troubled businesses,” says Dubai ruler Sheikh Mohammed


Saudi Arabia says arrests brothers linked to Kuwait mosque bombing

One was arrested in Kuwait and extradited to KSA, another was arrested in the western city of Taif and a third was taken into custody after a shootout at a house near the Kuwaiti border


FIFA bans Qatar 2022 bid inspector for seven years

Ethics committee bans Harold Mayne-Nicholls, who led the teams which inspected the bids to host the 2018 and 2022 World Cups


Jennifer Aniston among LA residents hitting out at mega-mansions being built by rich Arabs

Actress is one of many Bel Air and Beverly Hills homeowners who have spoken out against the gigantic mansions


UAE says women will play key role to shape country's future

Dubai ruler Sheikh Mohammed says he will spare no effort to create environment for women to fulfill roles


Drastic property market correction in Dubai 'unlikely' - poll

Executives working in emirate do not see price plunge in next 12 months, says London Business School survey


Inside the Saudi prison that's home to new wave of jihadis

Until last year, the population of inmates at security prisons like Ha'er had been dropping but that trend has reversed recently


Damac in London tie-up with fashion label Versace

The tie-up is the latest collaboration between the Dubai developer and the Italian fashion house's interiors arm


Bahrain reports 6% rise in expat employment

Latest statistics also revealed a 24.6% rise in new work permits during Q1


Revealed: the best Dubai Twitter accounts to follow

Live in Dubai and hoping to get in on the Twitter buzz? Here's some inspiration for who to follow

Interview: Majid Al Futtaim chief Alain Bejjani

Six months into his tenure as head of Majid Al Futtaim, the Gulf’s biggest shopping mall developer, Alain Bejjani is on track to double the size of the company in just five years

Desert odds for the ice princess Zahra Lari

Zahra Lari, the first Emirati professional figure skater, reveals why she is aiming to compete  at the Winter Olympics in 2018.

Expanding the empire: Mövenpick's Jean Gabriel Peres

With more than 10 hotels planned across the GCC in the next five years, Mövenpick Hotels and Resorts is looking to strengthen its grip and increase market share. The company’s president and CEO, Jean Gabriel Peres, discusses the brand’s bold plans, and the challenges of balancing traditional standards with the hospitality industry’s continual innovations.

Billion dollar turnaround: Sony Mobile's Hiroki Totoki

Less than a year into his role as CEO of Sony Mobile, Hiroki Totoki explains how he is bringing the company back from the brink, why smart technology is becoming increasingly exciting, and how he is meeting the challenge of budget smartphone manufacturers

How Saudi Arabia is building the city of the future

A decade after the world’s most expensive real estate project was announced, King Abdullah Economic City has completed many of its key components. Chief executive Fahd Al Rasheed explains why tourism, education and entrepreneurship are now his biggest focus

Kuwait mosque attack shows Gulf vulnerability to ISIL

ISIL is adept at exploiting vulnerabilities with its violently puritanical message and call to an Islamist utopia

Inside Abu Dhabi's thought laboratory

A government-backed scheme in Abu Dhabi aims to kick-start the emirate’s knowledge economy by filing international patents to protect reams of scientific inventions — from the seemingly trivial to the technologically critical

Fame, fortune and fashion: Rami Al Ali

Syrian-born designer Rami Al Ali started as an intern in Dubai. Today his brand Rami Al Ali Couture has hit the global stage, with supermodels and celebrities queuing up for his collections. But the fashion mogul is still not ready to embrace Dubai’s own Fashion Forward

Saudi Arabia: Open for business

The opening of Saudi Arabia’s stock market was greeted by heavy news coverage from around the world. Experts say it may take years for the impact of the move to be fully felt

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