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Thursday, 18 December 2014 This newsletter reaches 155,909 readers, to advertise click here

Dubai soars 11.5 percent as it leads Gulf rebound

Some were close to their daily 15% limits, after the price of oil rebounded late on Wednesday

Emiratis killed in plane crash in Egypt

Authorities are investigating the cause of the accident involving a military aircraft

Sheikh Mohammed launches new roadmap for growth with Dubai Plan 2021

Dubai ruler reveals strategy to drive new phase of development in the emirate over next seven years

Emirates claims victory in legal battle over key Milan-New York route

Assaereo and Alitalia had claimed that Dubai carrier should not be allowed to fly out of Italy on the transatlantic route.

Dubai-owned Las Vegas casino settles $500m lawsuit over defective tower

Work on the Harmon Hotel tower in CityCenter was halted in 2007 when inspectors found serious flaws in its construction

Dubai's Drake and Scull mulls share buyback

Contractor's shares have plunged 42 percent since the end of October as part of a panic sell-off in the Gulf triggered by falling oil prices

Sheraton Doha renovation completed in record time

Main contractor Urbacon delivers hotel renovation project four days ahead of schedule

Up to 6,000 working on Grand Mosque expansion

Infrastructure being prepared on eastern and western sides of mosque in Makkah

Yemeni premier suggests he could resign as Houthis tighten grip

Prime minister says wants to avoid bloodshed

Over 230 bodies found in mass grave in eastern Syria

Thought to be members of the Al Sheitaat tribe which had battled ISIL militants

EU court says Hamas should be removed from terror list

Ruling said the decision to include the Palestinian Islamist group was based on media reports not considered analysis.

US, Cuba restore ties after 50 years

President Barack Obama called for an end to the long economic embargo against its old Cold War enemy.

Top 10 Christmas dining options

A round up of restaurants offering traditional Christmas dinners and not-so-traditional buffets and festive drinks

Gift Guide: Tablets and PCs

A guide to the best laptops and tablets around, this holiday season


Opinion: Khalaf Ahmad Al Habtoor on the current stock market turbulence

UAE businessman says just because some investors are selling shares at lower prices doesn't mean others should follow suit.

Oil prices are now unsustainably low: Kemp

Reuters market analyst John Kemp says if prices remain at current depressed levels, almost all shale drilling activity will eventually cease

Who were the stars of 2014?

Companies like Etisalat, Emaar Properties and flydubai stood head and shoulders above the rest, says Anil Bhoyrul

Should I or should I not do an MBA?

MBA specialist Ahmed Sharawy looks at the options

Smartphone generation: MENA's overnight mobile internet revolution

How smartphones have brought online services to a new category of users in the Middle East

The perfect prince

For the 11th year running, HRH Prince Alwaleed has taken the top slot on the Arabian Business Rich List, with a net worth of $28.1bn

Time for big nations to declare war on FIFA

Without top-tier sponsors, the long and painful reign of Sepp Blatter and his cronies may finally be coming to an end, says Anil Bhoyrul

Property pirates

Many developers are so focused on their future gains that they don’t realise that the future cannot benefit them if they neglect the present, says Mishal Kanoo

Why Dubai should consider removing the rent cap

Property prices in Dubai seem to be fairly stable, and it may be time to rethink the need for the rent cap.

The bravest thing Branson could do right now is hang up his space helmet

Quitting Virgin Galactic now would not be weak, or cowardice, but brave and heroic, says Anil Bhoyrul.


InPics: The White House replica in Kurdistan takes shape

Dream City, one of several high value residential areas that have been built in the Kurdistan capital since 2003, features a $20m replica of the Washington DC icon.

Kurdistan’s bid to become ‘the New Dubai’

Dream City, is one of several high value residential areas that have been built in in Erbil, Iraq, since 2003 and are complete with their own mosque, shopping areas and schools. Despite insecurity in the rest of Iraq, the semi-autonomous region of Kurdistan has been seen by some investors as the new Dubai and although the advance of ISIL and a budget row with Baghdad has dampened some of the enthusiasm, the city skyline is still changing at a rapid pace.

Bangladesh: The world’s largest human national flag

Bangladeshi participants form the world’s largest human national flag to mark the country's Victory Day in Dhaka on December 16, 2013. A total of 27,117 volunteers, mostly students, used coloured tiles to form the flag at Dhaka's National Parade Ground.

The world mourns Pakistani victims

People around the world attend candlelight vigils for the 132 students killed in a terror attack yesterday in Pakistan. The Pakistani Taliban have taken credit for the attack that killed more than 145 people total.


EU Commission speaks on ambitious investment plan

As EU leaders descend on Brussels for the final major summit of the year, a new investment plan to ignite the blocs ailing economy is set to top their agenda's.

Palestine sets deadline on Israeli occupation

Jordan has submitted a draft resolution on ending Israel's occupation of Palestinian lands captured in 1967 to the UN Security Council for a possible vote.

Malala joins condemnation of Taliban attack

The words of Nobel Peace Prize winner Malala which mixed with children, parents and politicians as the world reacted in shock to the Taliban attack.

Hamas to be removed from EU terror list

The Palestinian Islamist movement Hamas must come off the EU's blacklist of terrorist organisations. It's a ruling from the General Court of the European Union, the EU's second highest court.

Latest Reader Comments

David Haigh appoints new QCs after seven months in Dubai jail
Bello : What is the truth here? I am totally confused. Thre are two sides to every story but this one takes the biscuit. I thought at the beginning Haigh was guilty but now am doubtful. If he is guilty then he has some some guts!...
UAE - Saturday, 20 December 2014 2:56 PM

Saudi open to debating the ban on women drivers, says Shoura Council leader
Shruti dinesh sharma : If a child, father, mother or husband is sick seriously and no driver / cab is around or hospital /ambulance is far away, then a sister, mother or any woman can quickly act & save a life / a family if she knows driving. It is my personal opinion.
UAE - Saturday, 20 December 2014 1:24 PM

Nakheel said to plan restart of delayed $550m Vietnam project
Amiro : Well why not. Nakheel took our money 10 years ago to build Palm Jebel Ali. With our money still in its pocket decides to restart delayed Vietnam project rather than long delayed Palm Jebel Ali project. What is the logic behind this?
Unitted Kingdom - Saturday, 20 December 2014 2:31 AM

UAE sees talent shortage as more expats stay at home
WHJ : SA1. "all these sector you noted is driven by economy of regional countries....". I'm sure you'd like to think so...but I'm afraid that's not entirely the case. You seem to forget about the Chinese, Indians, rich investors from Iran, the levant and North Africa....etc.
"So if other GCC countrie...
UAE - Friday, 19 December 2014 6:32 PM

European clubs call for Qatar 2022 World Cup to be held in May
Muhammad : I think march and April is best in 2022, since it's before ramadhan and weather is not hot and not cold and Qatar is already making grounds with air coolers so its perfect time. One of the European event can be shift in consultation with FIFA. Why these people are making it more ego issue than huma...
pakistan - Friday, 19 December 2014 5:33 PM




UAE announces New Year holiday for public, private sectors

Employees working in the UAE will be given Thursday Jan 1 as paid holiday to celebrate start of 2015


FIFA investigator Garcia quits over handling of Qatar 2022 report

US lawyer cites a 'lack of leadership' for resignation; comes a day after FIFA dismissed his complaint over report publication


Dubai house prices, rents dip during Q3, says Cluttons

Real estate consultancy says off plan sales market remains strong despite stagnation in prices


Qatar risks losing World Cup without job reform - Zwanziger

Senior FIFA official says Qatar must take decisive action by March 10, 2015 to monitor human rights conditions


Saudi open to debating the ban on women drivers, says Shoura Council leader

Head of the consultative legislative body said it was "important that the discussion occurs" but did not give any timeline


$49bn wiped off value of Gulf stock markets

Fresh wave of panic selling on Tuesday as price of oil drops below $60 for first time since 2009


Iranian gunman, two others killed as Sydney hostage siege ends

Number of hostages freed as Australian police storm Sydney cafe after long stand-off with attacker displaying Islamic flag


Developer launches Sweden Island on Dubai's The World

Kleindienst Group says villas on Heart of Europe island will all feature unique snow sauna rooms


Swedish male model jailed in Dubai on drugs charge launches online campaign

Farzan Athari, who is serving 10 yrs for possessing cocaine, has released a song on Youtube


Emirates set to fly 80,000 people on Dec 19 amid festive rush

Dubai airline says more than 240 flights will leave Dubai on Friday; will deploy extra staff to cope with demand


Gulf can cope with cheaper oil, IMF says as bourses plunge

Senior International Monetary Fund exec says GCC economies have built up huge fiscal reserves to cope


Saudi Arabia to keep spending on projects in 2015 budget

Finance Minister also commits to spending plan for social benefits despite 'challenging' global conditions


Slumping oil won't derail $500bn Gulf infrastructure plan

Rich GCC nations will deploy huge reserves to maintain a breakneck development pace

Big Gulf sell-off fuelled by credit, lax regulation

New impetus to governments in the region to improve financial regulation to reduce the credit-fuelled volatility

Saudi Arabia's rulers reconsider ties to Wahhabi clergy

Ruling family increasingly view the teachings of some of its ultra-conservative clergy as a domestic security threat

Sultan's absence raises worries over Oman succession

Omanis are worried that their childless leader, who is abroad for medical treatment, has no publicly designated heir

The lion's roar: Ashish J Thakkar

Twenty years ago Ashish J Thakkar watched his parents flee the Rwanda genocide having lost everything — again. Today, based in Dubai, the company he started to help get his family back on their feet is a monstrous conglomerate in 22 African countries, and is worth more than $1bn

What former Emirates NBD chief Rick Pudner did next

Rick Pudner was one of the most high-profile bankers and expats in the UAE before he quit as Group CEO of Emirates NBD, Dubai’s biggest bank. Now he’s back and looking to launch a whole new financial model

Shaking things up: Accor CEO Sébastien Bazin

It can be the worst nightmare of an employee or a shareholder: a new CEO sweeps in and shakes things up. But Sébastien Bazin says his radical makeover of leading hotel owner Accor will make the company a household name

Fighting talk: Mohammed Mahfoodh Al Ardhi

Mohammed Mahfoodh Al Ardhi got his early training as a fighter pilot and recently was unveiled as the new executive chairman of Bahrain-based investment firm Investcorp

Saudi Arabia builds start-up culture with state oil money

Gov't has previously has found it hard to promote start-ups in a society which lacks a culture of risk-taking

Is this the end of F1?

By this time next year, five of the current 11 Formula One teams will probably be out of business.

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