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Thursday, 30 July 2015 This newsletter reaches 155,909 readers, to advertise click here
NEWS »

Dubai property prices continue to fall – reports

Two new reports concur that Dubai’s residential market continued to lose value during Q2 2015

Kuwait says uncovers ISIL network

Interior ministry statement said the individuals had been active in neighbouring Iraq and also in Syria.

Al Jazeera cuts dozens of jobs

Staff have been notified by email of the job losses following a surprise restructuring

Malaysia almost certain debris found off Madagascar is from a Boeing 777

Search efforts led by Australia have focused on a broad expanse of the southern Indian Ocean off Australia, roughly 3,700 km from France's Reunion Island

Dubai plastic surgeon warns patients about using unlicensed practitioners

Consultant plastic surgeon Dr Ricardo Ferla advises residents on how to identify an unqualified practitioner

UAE chides EU over opening to Iran

UAE Minister of State for Foreign Affairs said EU has not grasped the divisiveness of Iranian policy

KSA gifts the sacred Kaaba door curtain to the UN

The curtain will hang across a replica of the Kaaba door, one of Islam’s most sacred items

NBAD sees government deposit outflow easing after $10bn H1 exit

Major dollar liquidity squeeze in the UAE and the region due to lower oil sales and dollars moving to different markets, says CEO Alex Thursby

Ellie Goulding to perform at Dubai Music Week

British singer Ellie Goulding will be part of a four-night music extravaganza known as Dubai Music Week

Saudi policeman shot dead

The policeman was killed in another attack on Saudi security forces

Investigation clears Abu Dhabi-backed Virgin Galactic over fatal flight

An independent review of the fatal crash of Richard Branson’s spaceship last year has found it was caused by pilot error

Heat wave sees Iraq declare four-day holiday

Temperatures are set to reach 50C from today, causing the gov’t to advise residents not to work or engage in outdoor activities

India hangs Yakub Memon for 1993 Mumbai bomb blasts

Memon family left for Dubai in the days before the 1993 bombings, but all except Tiger were arrested when they returned to India the following year

OPINIONS »

The UAE: On the road to economic development

Following deregulation of petrol prices, the rising cost of living is where the greatest challenge lies for the government says Mohammad Sultan Janahi

Short-term pain, long-term gain

Ed Attwood says kicking the UAE’s addiction to cheap fuel will pay off

Why investing in Chinese ecommerce is smart

Abu Dhabi-backed Carlyle Group’s recent $120m investment in a Chinese logistics firm was a wise entry into the booming multi-billion dollar online market, says Courtney Trenwith

Why I'm giving all my wealth away

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

China must act to avert political crisis

Saxo Bank's Ole Sloth Hansen says Chinese economy should transition towards a more Western-style demand-driven system

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

PHOTOS »

In focus: Saif Al Islam Gaddafi

Libyan court sentences Gaddafi son Saif, eight other ex-officials to death.

Ferrari announces launch of the 488 Spider

Italian carmaker’s most powerful ever mid-rear-engined V8 car to feature the patented retractable hard top.

From the earth and beyond: NASA

Standfirst: US space agency celebrates 58 years of space exploration.

VIDEOS »

Turkey's precarious peace with the Kurds

Kurds hope Turkey will not abandon the peace process

Muslim women breaking stereotypes

Four Muslim women - a world champion fencer, a peace maker, a stand-up comic and an organiser in an all-women’s mosque - talk about their work and how it’s breaking stereotypes and challenging the status quo.

Gaza’s wounded face a crippled healthcare system

For many in Gaza, the effects of the 50-day war with Israel still linger in a damaged healthcare system.

Latest Reader Comments

Want to make money? Listen to Pharrell
Jad Gh : Beautifully presented and conveyed....
UAE - Friday, 31 July 2015 6:46 PM

UAE's Q2 consumer confidence slips by most in six years
Farid Hashem : Consumer confidence index is an important economic indicator which measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation and when the fuel prices have increased and the oil and gas firms are laying off workers, retailers and...
UAE - Friday, 31 July 2015 6:47 PM

SeaWorld Dubai faces mounting opposition
HassanM : I have watched BlackFish and it is far from proof of anything. It worked to promote a narrative...not facts....
USA - Friday, 31 July 2015 1:46 AM

Fuel price hike will not raise price of UAE goods - Ministry of Economy
Doug : Fair point on diesel ;)

Just wondering though, do we really need some sort of law enforcement on prices?

Say I'm BigBadCompany and I decide to raise the price of my widgets by 10% citing 'fuel costs', even though they haven't affected my operating costs.

Why can't I do tha...
UAE - Friday, 31 July 2015 1:47 AM

Europe and its public buildings selfie stupidity
Matt : It would be interesting to find out more about this proposal and who is backing it. Give us some more background please! Who is behind it? How many members of parliament? Has it been discussed in Parliament? Was it reported in the media and which ones? You need to give facts, dates, names.
UAE - Thursday, 30 July 2015 7:40 PM

All READER COMMENTS
     

EDITOR'S CHOICE »

1.

Fuel price hike will not raise price of UAE goods - Ministry of Economy

Government pledges to work with authorities to monitor the market following the changes

2.

Gang arrested in Dubai following villa crime spree

Chinese nationals robbed jewellery, gold and cash in burglaries in 70 villas

3.

Fifth of Libya’s wealth fund untraced since Gaddafi

The Libyan Investment Authority plans to identify any corrupt investments made by the Gaddafi regime following an audit by Deloitte

4.

ADNOC says deregulation profits will fund 125 new service stations

Distribution arm of Abu Dhabi National Oil Company reveals major expansion plan on back of UAE's change in petrol pricing policy

5.

DP World starts work on $1.6bn Jebel Ali port upgrade

Chairman Sultan Ahmed Bin Sulayem says Terminal 4 will deliver new capacity to meet rising demand

6.

UAE's Etisalat posts 40% slump in Q2 net profit

Abu Dhabi-listed telco blames troubled Saudi affiliate Mobily and foreign exchange losses for profit decline

7.

‘Saturated’ property market forces Dubai realtor to go bust

S&K Estate Agents files for bankruptcy at a loss of 80 jobs

8.

UAE to cut state spending by 4.2% this year as cheap oil bites

Central bank report says spending cut expected as UAE begins to retrench because of low oil prices

9.

Qatar Airways denies interest in SpiceJet stake deal

Doha carrier says stake sale comments are 'unfounded'; confirms talks are ongoing with India's Indigo

FEATURES & ANALYSIS »

Saudi Arabia considers its own nuclear options after Iran deal

Kingdom is engaged in a contest for power with the Islamic republic stretching across the region

Greening the desert: How the UAE aims to change its carbon footprint

The UAE has set laudable targets to reduce energy use and ensure new schemes are environmentally friendly, but it is battling negative public perceptions and the fact it has one of the largest carbon footprints in the world.

Sink or swim for Gulf developers?

Gulf developers, particularly in Dubai, have announced a number of ambitious underwater projects over the years, but so far none have come to fruition. With recent advances in technology and a renewed sense of excitement, well-placed sources have revealed many of the big players are preparing to unveil their plans to finally conquer the sea

Get smart: Dr Manahel Thabet

With an IQ placing her in the top 0.1 percent of the world, Dr Manahel Thabet is arguably the most intelligent living Arab. But she fears the region is repressing its most scientific and innovative minds, while falling prey to the ‘pollution’ of social media. It all spells economic disaster, she warns

The detail of retail: Ishwar Chugani

The Middle East head of Asian clothing giant Giordano, Ishwar Chugani, explains why his stores never discount and his target for 300 outlets in three years

How should Iran spend $100bn windfall?

It sounds like a pleasant problem to have but it is one of several economic policy headaches looming for Iranian President Hassan Rouhani

Keeping it legal: Social media, the UAE and the law

In light of recent jailing of an Australian woman for a Facebook post, a reminder of the rules in relation to the use of social media

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

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.

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