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Monday, 20 April 2015 This newsletter reaches 155,909 readers, to advertise click here

Dubai not witnessing real estate slowdown, says DLD

Real estate analysts have claimed this year that Dubai’s apartment, villa prices are falling

Habtoor Leighton wins $95 million contract to build hotel in Oman

HLG will build a five-star, 112-room boutique hotel operated by Jumeirah Group on 60,000 sq m of land

Kuwait discovers four new promising oilfields

Kuwait Oil Co CEO said preliminary results show "huge commercial volumes" in the fields

ISIL shot and beheaded 30 people in Libya

A video was released showing men beheaded and shot dead on a beach

Egyptian court sentences 11 to death over football riot

s/f The 2012 riot saw 74 killed, more than 1,000 injured in Egypt’s deadliest football violence

Kuwaiti expat health fees to soar

Gov’t is set to increase fees for expats using public health services to encourage them out of the system

First Saudi high-speed railway 'substandard'

The Transport Minister has demanded the consortium responsible for the project fast-track construction

Yemen's Houthi leader accuses Saudi Arabia of seeking to invade

Saudi air campaign has mostly failed to reverse recent gains by Houthi guerrillas alongside Yemeni army allies

Saudi Telecom Q1 net profit rises 4.7%

STC made made a net profit of $666.65 million in the three months to March 31

UAE's Union National Bank Q1 net profit rises 20%

UNB reported a net profit of $166.29m in the three months to March 31


Generation Next

Welcome to the 2015 Arabian Business Power List, our guide to the planet’s 100 most influential young Arabs

Nigeria’s election: A triumph of democracy

The head of one of Africa’s largest conglomerates explains why the recent presidential election will help Nigeria become an economic powerhouse.

Mohamed Alabbar: the proof is in the pudding

Why Emaar’s shareholders must rally behind their chairman at the company’s Annual General Meeting on April 15.

Will plunging oil prices impact Middle East investor activity in Europe?

CBRE's Mat Green on why European markets are likely to continue to be an attractive proposition for Middle East investors

Managing team psychology to develop effectiveness

Ahmed Sharawy asks how business leaders can best understand their staff to get the best out of them

What on earth is happening in the Dubai property market?

Anil Bhoyrul wonders whether this is a softening, a bigger correction, or even the start of another crash

It's time for Saudi Arabia to finally make good on housing promises

Instead of implementing a counterproductive property tax, the housing ministry should work on cutting through the vast amount of red tape, says Ed Attwood

Smarter skies to transform airport efficiency

Planes with priority passengers could soon jump landing and take-off queues, while hypersonic travel may become reality in the future, says Richard Deakin


In pics: The migrants’ desperate attempts to reach Europe

Hundreds of migrants embark on a desperate journey from North Africa to Europe's Mediterranean coast every day. EU officials will meet today to decide on how to respond to the latest disaster – the deaths of up to 700 people on a Libyan fishing boat which capsized in the Mediterranean some 112 miles south of Italy's Lampedusa.

Auto China 2014

Leading automakers have gathered in Beijing for the kickoff of China's biggest car show, the 'Auto China 2014' Beijing International Automotive Exhibition, but lacklustre growth and environmental restrictions in the world's largest car market have thrown uncertainty into the mix.

Arab labour conference in Kuwait

The 42nd session of the General Conference of the Arab Labour Organisation (ALO) has kicked off in Kuwait on 18 April, 2015. The high-profile attendees are to discuss a range of labour issues pressing the region as well as how to deal with high youth unemployment rate.

Bahrain F1 Grand Prix 2015

Mercedes driver Lewis Hamilton claimed his third win in a row in this season's Formula One championship at the Sakhir circuit in Bahrain.


Turkey says G20 sees moderate but uneven economic recovery

Turkish Deputy Prime Minister Ali Babacan says the Group of 20 leading economies are seeing a moderate but uneven recovery.

Yemenis suffer from lack of aid supplies

The fighting is only adding to the hardships already felt by millions of Yemenis.

Facing a growing e-waste problem

A UN report warns of the devastating impact of the emerging electronic waste crisis.

Concern at IMF meeting over imbalanced world economy

Concern about an increasingly imbalanced world economy is being raised at the IMF Spring Meetings in Washington.

Latest Reader Comments

Tony Blair hits back at claims over UAE funding deals
Doug : Of course it matters what Tony Blair does. He is the Quartet's peace envoy and is advising national governments around the world. Therefore, where his money comes from is of great interest and importance as in both of those roles, he is supposed to act with impartiality.

It also raises the...
UAE - Monday, 20 April 2015 7:03 PM

Dubai not witnessing real estate slowdown, says DLD
PropertyJoe : The market has clearly slowed down and anybody can see this by looking at the DLD's own data. The number of transactions (especially in above 5M properties) is way down and prices have fallen well from the highs achieved in the lead up to the Expo announcement in Nov 2013.

With the huge re...
UAE - Monday, 20 April 2015 7:02 PM

Qatar said to revive floating hotels plan for 2022 World Cup
King Kong : No need.

Many will boycott this 2022 Qatar World Cup....
United Kingdom - Monday, 20 April 2015 7:01 PM

Emaar rolls out new Dubai Trolley tram system
Sarah : I think this is great and perfect for a city like Dubai, although I worry it will get over crowded and crammed, which may deter people from using it....
UAE - Monday, 20 April 2015 7:01 PM

Attention European leagues - it's called the World Cup
procan : If and only if Qatar does manage to host 2022 the World cup it will be the poorest attended in World cup History. The hope the Western world will stop complaining will not abate. EU and other Western fans have not yet begun to wine as the Dates get closer so will outrage....
canada - Monday, 20 April 2015 7:00 PM




Egyptian humanitarian is world’s most influential young Arab

Jawad Nabulsi tops first Arabian Business ‘100 under 40’ list, UAE is most featured country


Saudi Arabia’s market surges before it opens to foreigners

Fresh fund flows into Saudi Arabia in the initial months may be moderate, partly because of high share valuations


Revealed: Most powerful Arab passports

The UAE has the most powerful Arab passports but remains below countries such as Venezuela, China and Guinea


InPics: The 100 Most Powerful Arabs Under 40

Welcome to the 2015 Arabian Business Power List, our guide to the planet’s 100 most influential young Arabs


Revealed: The world’s youngest billionaires

You’ve seen the most influential young Arabs, but who are the richest people on the planet under the age of 40?


Emirates confirms $9.2bn Rolls-Royce deal to power new A380s

British engines maker secures biggest ever contract to supply engines for 50 superjumbos on order


Revealed: Inside Dubai's Floating Seahorse underwater villas

Kleindienst Group to build 42 luxury homes offshore from St Petersburg as part of its Heart of Europe island


BA, Iberia quit European trade group amid Gulf subsidies spat

Qatar-backed IAG says subsidiaries have quit the Association of European Airlines over 'important policy issues'


Saudi bourse to open to foreign investors from June 15

Market regulator says it will publish final rules on May 4 as it opens to direct foreign investment for first time


Arabtec chairman and founder ‘set to leave company’

Arabtec founder Riad Kamal was also not included on the list.


Foreigners queue for opening of $500bn Saudi bourse

Worth more than all other Gulf Arab markets combined, it is one of the last major bourses to allow direct investment from foreigners

Some banks win, some lose in Dubai's 'Islamic economy'

Dubai's gov't announced plans to turn the emirate into a global hub for an 'Islamic economy' in 2013

From film to fashion, Dubai bids to be creative capital for Arab world

State-linked firms spending hundreds of millions of dollars as Dubai aims to rival Cairo, Beirut and Casablanca

Exclusive: Mohamed Alabbar - Uncensored

The Emaar chairman has faced a media frenzy ahead of Wednesday's Annual General Meeting. With his increasing commitments outside Emaar, including the $85 billion Capital Cairo project, and the departure of several key executives from the company, some shareholders are openly questioning his commitment to the company he founded, and his future role within it. In an exclusive interview, he tackles the critics head on — and explains why he is planning for several more years at the helm of one of the world’s most successful property developers

In the driving seat: Daimler's Mike Belk

Mike Belk, president and CEO of Daimler Middle East & Levant, talks to Arabian Business about why the company’s results are so strong, how it’s pushing the boundaries of technology, and where the automotive industry is heading.

Tackling the Gulf's Generation Game

Feuds and disagreements over succession are just two of the biggest challenges that the Gulf’s family firms face. How can some of the region’s biggest companies cope with the shift to a new generation?

Safe as houses: Emirates REIT's Sylvain Vieujot

A year after the Emirates REIT initial public offering, executive deputy chairman Sylvain Vieujot says that potential headwinds in the Dubai property market bring more opportunities than challenges

Mishal Kanoo: A family affair

Upsetting 125 years of family tradition is bound to strain relations. Prominent businessman Mishal Kanoo gives a rare, uncensored account of how one of the Gulf’s oldest companies is dealing with the fallout from bringing in outside professionals, and explains why many family businesses are too scared to go public

London calling: Abdulla Al Humaidi

Abdulla Al Humaidi, Group CEO of the Kuwaiti European Holding Group, outlines his plans for the mega $3.6bn London Paramount Entertainment Resort project and why he is determined it will not go the way of popular — but loss-making — rival Disneyland Paris

Food for thought: Patrick Satamian

With profits up and growth on the cards, NADEC continues to stake its claim as one of the region’s leading agricultural and food companies. The CEO of NADEC Foods, Patrick Satamian, explains how a blending of tradition and modernity has helped the company to move into a new era.

In Total control: Stéphane Michel

Stéphane Michel, senior vice president for the Middle East and North Africa at French oil behemoth Total, believes that his company needs to maintain its flexibility and continue showing its financial muscle amid the dramatic slide in oil prices.

Facelift or folly: Belgrade braces for Dubai-style makeover

Construction for the Belgrade Waterfront project is due to kick off this summer, bankrolled by Gulf Arabs

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