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Thursday, 23 June 2016 This newsletter reaches 155,909 readers, to advertise click here
NEWS »

Top hotelier warns of tax rate of up to 31% after VAT is introduced

Marriott regional president says new tax, expected in 2018, could “begin to affect people’s buying decisions”

Saudi king 'to unveil $1.3bn of public projects'

Among projects are multi-million-dollar hospital in Madinah, 45 new schools and utilities plants

New state-owned oil company set up in Qatar

Ministers approve law to set up oil products distribution firm under Qatar Petroleum

Arabtec still unclear over Egyptian housing project

Dubai-based contractor proposed to build 13,000 homes of the scaled-down 100,000 project but has yet to hear from the Ministry of Housing

Qatar shops 'fined for price manipulation, selling expired food'

Commerce ministry fines 19 shops as part of Ramadan consumer crackdown

Oman launches worker complaint website

Digital platform in Arabic limited to workers in Muscat, but will be expanded soon

Shares in Kuwait's Agility suspended pending clarification

Logistic firm asked to respond to what was published in report

NBA Stores to open in four GCC countries

Two outlets in Qatar capital to be followed by stores in UAE, Saudi Arabia and Kuwait

High-tech sports stadium planned in Bahrain

Venue to feature telescopic roof and international-standard football pitch, with shopping complex and cinema

Qatar Airways resumes talks over Meridiana airline stake

Italy minister admits ‘lots of problems’ during discussions on eve of deadline

Bahrain to become 'wedding destination'

Two-year plan aimed at sector to boost country’s tourism

UAE temperatures to increase over coming days

National Centre of Meteorology and Seismology said temperatures are expected to reach 48 degrees in places

Expat sets fire to Dubai building in revenge for sacking

Court told worker set fire to a set of bedsheets at the accommodation building in Ras Al Khor

OPINIONS »

Saudi Arabia’s economic balancing act

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

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.

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

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

How Etihad's partnership strategy is paying off

A strong set of results posted today shows that the Abu Dhabi airline’s much-discussed strategy is starting to bear fruit

Why Saudi Arabia will struggle to kick its addiction to oil

Transforming the economy is an enormously ambitious undertaking fraught with considerable risks, says Reuters analyst John Kemp

Saudi Binladin Group's shaky foundations

The once dominant player in Saudi Arabia’s construction sector is facing a rocky road to redemption, says Courtney Trenwith

GCC banks' response to hacking woefully inadequate

QNB and InvestBank let down their customers by not only failing to protect their private information but by then playing down the significance of the attacks

PHOTOS »

In pictures: Iftar prepatation in Dubai

Volunteers prepares food for Iftar, the evening meal to break fast during the holy month of Ramadan in the emirate

Pictures: Inside the W Dubai - Al Habtoor City

Starwood Hotels & Resorts has debuted its lifestyle brand W in the UAE, with the opening of W Dubai – Al Habtoor City on Sheikh Zayed Road

Revealed: Top 10 most expensive cities for expats

Hong Kong tops the list of most expensive cities for expats, pushing Luanda in Angola into second position. Zurich and Singapore remain third and fourth, while Tokyo is fifth.

In pictures: Star Wars gallery at London's Harrods

Exhibition allows fans to view and buy the most authentic line up of Star Wars prop replicas ever created

VIDEOS »

Video: Key claims around Britain's EU referendum

Britons head to the polls to decide on the UK's future in the EU on Thursday, but what are the main claims for remaining or leaving the 28-member bloc?

EgyptAir crash: wreckage spotted in several locations, say investigators

Egypt says it has found wreckage of the EgyptAir plane which crashed in the Mediterranean last month

Video: Tracking the Solar Impulse journey

Tracking the remarkable progress of Bertrand Piccard in the solar-powered plane which has the wingspan of a 747 but the weight of a Corolla, as he embarks on the final leg of a quest to blaze the trail for the aircraft of the future

Why Apple shares could fall

Apple is about to lose its weighting on the Russell Indexes and be reclassified as a growth and value stock.

Latest Reader Comments

Dubai house prices forecast to rebound in late 2016, early 2017
Simon : Wow...how many "rah, rah" agents are on this page?

With whats going on in the world of economics right now, anyone who thinks prices are going to go up this year or next are sadly mistaken.

Don't look only to Dubai's economic difficulties and the coming of new Tax regimes in the ...
Dubai - Saturday, 25 June 2016 5:53 PM

Top hotelier warns of tax rate of up to 31% after VAT is introduced
Ahmed Ali : Also - I what about the VISA entry fees for those coming into UAE. I believe for a Pakistani tourist they pay upto 400 AED to obtain a Visa at the entry of Dubai airport? Yet Ive done some calculations that staying in a 4 Star Dubai Hotel for a month at 500 AED is cheaper than a Marina Apartment w...
United Arab Emirates - Saturday, 25 June 2016 5:54 PM

70% of Dubai residents ‘interested in dual citizenship’
Owais Ahmed : Emirates should provide its passport to other nationalities as well although now Emirates is a developed country.
People would love to avail this facility if only UAE government will regard this....
Pakistan - Saturday, 25 June 2016 5:54 PM

UAE recruiter warns of 'mass exodus' of expats due to high costs, lack of jobs
Mohammad Ali : Agree with Sam...
UAE - Saturday, 25 June 2016 11:05 AM

Saudi Arabia mulls plan to ban expats from HR, recruitment jobs
tfg : @Ahamd, Its the norm in every nation to give job priority to its own nationals. Ignore all the negative feedback from non nationals who place their own self interest over the interest of the UAE....
saudi - Saturday, 25 June 2016 8:41 AM

All READER COMMENTS
     

EDITOR'S CHOICE »

1.

Dubai, Abu Dhabi among world's most expensive cities for expats

Dubai placed 21st in the annual Cost of Living Survey from consultancy firm Mercer, while Abu Dhabi was 25th

2.

Ban on credit card payment fees in UAE proposed by ministry

Consumer protection committee considers changing rules on charges

3.

Qatar prosecutor asks for new appeal in Villaggio fire case

Five defendants exonerated in April for second time in long-running court case over deadly 2012 fire

4.

Dubai, Abu Dhabi see marginal average rent rises during May

New Bayut report says rents rise more than 1.5% on average in Dubai while Abu Dhabi sees rental gains of about 0.7%

5.

WHO says Saudi misdiagnosis caused MERS outbreak

World Health Organisation says error led to more than 49 other patients and medical staff being exposed to the disease in a Saudi hospital

6.

Qatar fund set to buy French fashion brand Balmain for $522m

The deal marks the end of months of negotiations between the Qataris and Balmain investors

7.

Six Flags Entertainment signs deal to open theme parks in Saudi Arabia

CEO John Duffey, speaking after meeting with Saudi deputy crown prince Mohammed bin Salman, said the parks "can provide the entertainment to which Saudis aspire"

8.

Dubai restaurant destroyed in early morning explosion

One person injured following the blast at Ustad restaurant in Karama

9.

UAE recruiter warns of 'mass exodus' of expats due to high costs, lack of jobs

Recruitment expert says some people could no longer afford to live in the emirates

10.

Man travelling to Saudi Arabia arrested at Heathrow on suspicion of terrorism offences

The 29-year-old man was stopped as he was about to fly to the kingdom on Monday afternoon

FEATURES & ANALYSIS »

Bahrain gambles with security by launching crackdown on Shi'ites

Ruling family aims to end years of instability with a crackdown on Shi'ite political parties

Checking in: Managing Marriott's growing business in the Middle East

Marriott’s man in the Middle East and Africa, Alex Kyriakidis, discusses taxes, trends and the upcoming tie-up with fellow hospitality giant Starwood.

Mind coach: The importance of mental toughness in business

From professional basketball player to motivational speaker, John Dabrowski has made a career of belief. When some might have quit, he has never given up on his dreams. Now the British mind coach takes to the podium to tell businesspeople that mental toughness is just as important in the boardroom as it is in the sports arena.

Aviation chiefs call for aircraft tracking upgrade

The aviation industry has failed to make adequate progress on security, despite devastating terror attacks and other wake-up calls in recent years. Now is the time to stop cruising and put some proper protocols in place, experts say.

Arabtec: Cementing a new future

Dubai’s largest listed contractor has recorded losses for six consecutive quarters. But Raja Hani Ghanma, CEO of its construction subsidiary, explains how the company is gradually building back up to profit

Why Ferrari is still the world's most wanted sports car

Italian sports car maker Ferrari reveals why the Middle East is such an important market and how it remains more exclusive than its competitors.

What will it take for investors to return to Kurdistan?

For a decade, billions of dollars from foreigners, particularly from the Gulf, helped transform Erbil into a booming capital. But economic and security crises since 2014 have suspended thousands of projects, leaving the city and investors in limbo.

How Gulf SWFs have thrown funding lifeline to tech ventures

Saudi Arabia and other Gulf states have ploughed money into hot tech investments such as Uber and Alibaba

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