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Saturday, 2 July 2016 This newsletter reaches 162,112 readers, to advertise click here

Dubai said to mull road toll increases to pay for $1bn projects

Transport authority chief says planning to invite bids for road projects as part of plans to upgrade transport links

DWTC says trade shows contributed $3.2bn to Dubai economy in 2015

Dubai World Trade Centre reveals value of exhibitions, trade events, conventions and conferences in new report

Qatar Foundation says to cease radio services in October

Arabic and English radio stations will cease broadcasting after 'transitional phase' over next four months

Saudi jewellery firm L'azurde to double number of shops by 2018

Newly-listed retailer sees expansion mainly in the Gulf but also in Egypt, Morocco and Algeria

Bahrain private wealth set to grow to $300bn by 2020

New report says private wealth in Gulf kingdom is expected to rise by a third over next few years

Saudi Arabia to set up college to encourage entrepreneurs

Prince Mohammad bin Salman College of Business and Entrepreneurship will be located in King Abdullah Economic City

Construction starts on new $30m City School in Ajman

R Education & Academic Development's project promises to be the largest school in the emirate

Jumeirah Golf Estates says Redwood Park phase 1 sold out

Project overlooks championship golf course, Fire, and is due to be handed over to investors in Q4

UAE sees up to 120 daily complaints over Ramadan price hikes

Consumer protection unit of Ministry of Economy says number of complaints rises by 25% over last year

German recycling firm to create 400 jobs in Sharjah

SOEX Group is set to begin operations from Hamriyah Free Zone by the middle of 2017

Kuwait's Mezzan set to launch JV operations in Saudi Arabia

Conglomerate says it is in talks with Saudi Arabia's Al Faisaliah Group to set up a joint venture in Gulf kingdom

MENA governments forecast to spend $11.5bn on IT in 2016

Gartner Inc says telecom services will be the largest category with $4.7bn set to be spent this year


Is this third time lucky for Kuwait's struggling airport?

Delays in confirming a $4.34bn deal to revamp Kuwait International proves the country is still moving too slowly to develop its infrastructure, says Courtney Trenwith

It's not too late for Kurdistan

The autonomous region of northern Iraq may have fallen from its lofty heights of 2013, but there is still plenty of potential, says Courtney Trenwith

A cautionary tale from the Dubai property market

While a recent episode involving an off-plan developer and unhappy investors has been resolved, it should serve as a lesson to potential buyers.

Saudi Arabia’s economic balancing act

The kingdom needs to manage a fine line between delivering targets and not overrunning costs.

The case for consolidation in the UAE's banking sector

If two of the UAE’s largest banks can see the benefits in merging, why are the smaller institutions so reluctant, asks Courtney Trenwith

The Brexit benefits for the GCC

A possible UK split from the EU could see both strive for greater economic ties with the Gulf to offset their losses.

Trump and UK's Leave campaign are peas in a pod

Like the ‘Brexiteers’, Trump successfully thumped his rivals in the Republican primaries by making outrageous statements, often unsubstantiated

Successful heirs sustain family businesses

Legal frameworks have holes; all generations must support the management plan


In pictures: Dubai's RTA hold a press conference on the Route 2020 metro expansion project

Dubai's transport authority announced it had awarded a French-led consortium a $2.88 billion contract to extend its metro network to the site of the Expo 2020 world trade fair

UAE ice carvers show off their best works of art

Some of the most talented hotel ice carvers in the Middle East showcase their best works of art, including competition winning sculptures.

Sheikh Mohammed breaks fast with national service recruits

HH Sheikh Mohammed was accompanied by H.H. Sheikh Hamdan bin Mohammed for the iftar meal with the national service recruits at the national service school of the presidential guard, in Saih Hafeer area, at the Abu Dhabi-Dubai road

In pictures: World's largest rough diamond fails to sell at Sotheby's auction

The rough diamond, uncovered in Botswana, southern Africa, last year estimated to be three billion years old, will be offered in a stand-alone auction in London on June 29, 2016, estimated to sell for in excess of $70 million

Latest Reader Comments

Emirates stands firm on ultra-cheap bookings glitch
steve : I guess if you really wanted to look closely at this, they can reject any ticket purchased on the internet if they feel there is a fault in the pricing or service....
kuwait - Thursday, 30 June 2016 9:02 AM

Potential UK PM candidate sees second EU vote if migration deal struck with Brussels
Telcoguy : @Doug, I think you should review your numbers... given that there seems to be at least 2 different exit campaigns I think the number of disappointed people is going to be higher.
Referendums risk becoming divisive, but this one will go down in history as being able to divide people not only acr...
UAE - Thursday, 30 June 2016 9:02 AM

Revised labour scheme 'will end unproductive Saudisation'
Keith Falcone : Until Saudi nationals take up honest blue collar work such as construction, trades and retail, they will forever be caught up in dependence on foreign workers.

Here in the UK and most of the Western World, we have country nationals building our buildings, repairing and maintaining our build...
UK - Wednesday, 29 June 2016 3:56 PM

Dubai set to see 10,000 new hotel rooms open in 2016
Omar Abu Omar : 9,400 rooms to be added in 5 months? How is this even possible? Where did they come up with the figures from? ...
Spain - Wednesday, 29 June 2016 3:55 PM

No change to UK, Gulf aviation deals despite Brexit, experts say
Patrick Casey : Gulf Aviation will be better off, now that the UK stands alone.
The UK is big enough to deal worldwide without the EU....
UK - Wednesday, 29 June 2016 3:56 PM




Saudi Arabia to introduce hi-tech bracelets in haj safety push

Move comes after 2,070 people died in a crush near the Muslim holy city of Makkah last September


HSBC Middle East completes transfer from Jersey to Dubai's DIFC

Banking major's transfer will attract assets valued at more than $40bn to Dubai International Financial Centre


Abu Dhabi fund IPIC records $2.6bn loss due to low oil price

Fund says slumping oil prices has slashed its revenue by 30% last year to $35.8bn


Kuwait said to be planning major healthcare reform

Gulf state reportedly wants to streamline services, reduce outbound medical tourism


Job losses expected at UAE's Radio One, Radio Two after management changes

UAE broadcaster says to stop managing radio stations 'with immediate effect'


US lobby claims Qatar Airways 'received extra $10bn in gov't subsidies'

New documents indicate Gulf carriers received more subsidies than originally thought, says Partnership for Open and Fair Skies


Qatar's $42.5bn UK investments will hopefully rise, says PM Cameron

Prime Minister says that he is confident economic cooperation between Qatar and the UK can continue to grow


Dubai awards $2.9bn deal to extend metro to Expo 2020 site

Route 2020 is expected to serve about 125,000 riders per day, rising to 275,000 by 2030, says transport authority


Revealed: future of transport on Abu Dhabi's Yas Island

Agreement signed to launch 'jet-like' rapid transit system with cars zipping above traffic along magnetic lines


Saudi regulator forms interim committee to oversee builder Mojil

Board quit last week when three people, including founder Mohammad Al-Mojil and his son Adel Al-Mojil, were jailed


Class act: Abdul Aziz Al Ghurair

The chairman of the Arab world’s largest private education foundation, Abdul Aziz Al Ghurair, explains why his greatest challenge will be to convince local governments and institutions to embrace online learning.

Shining success: Jeweller Ramesh Kalyanaraman

India’s largest jewellery retailer, Kalyan Jewellers, has added $200m annually to its bottom line since opening its first store in the GCC in 2014. Executive director Ramesh Kalyanaraman explains how growth in the Gulf will help the family business double its global revenues to $3bn by 2020

The Middle East's growing thirst for specialty coffee

The Middle East has been a significant consumer of coffee for centuries but the recent desire for speciality brew is seeing the industry change its approach

Statistics fog raises risk as cheap oil hits Gulf

Sharp revision of economic data in Saudi Arabia suggests its economy may be weaker than previously thought

Yemen counter-terrorism mission shows UAE military ambition

UAE special forces are orchestrating the hunt for al Qaeda in remote deserts and mountains

University challenge: UAE's education chief Dr Ahmad Belhoul

If the UAE is to develop its knowledge economy and diversify away from oil, then it needs to ensure that its citizens are ready and willing to work in the private sector. Dr Ahmad Belhoul, the UAE’s new Minister of State for Higher Education, reveals how he is hoping to solve one of the country’s toughest problems

Saudi prince aims for Silicon Valley appeal to gleam at home

Photographs of Prince Mohammed meeting Facebook boss Mark Zuckerberg, and trying out a virtual reality headset, have been widely published

Fawaz Gruosi: The king of black diamonds

How the founder of De Grisogono jewellery empire, Fawaz Gruosi, went from high school dropout to a favourite among celebrities

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