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Thursday, 29 January 2015 This newsletter reaches 155,909 readers, to advertise click here

Olympic body dismisses Saudi-Bahrain plan to bid to host the Games

Official proposed a plan to have male events take place in Saudi, while Bahrain would host the female athletes and competitions

UAE leaders congratulate new Greek Prime Minister

In one of his first moves since victory on Sunday, Alexis Tsipras began halting privatisation plans agreed under the country's bailout deal

Golfer dies at Omega Dubai Desert Classic event

Founding member, Ashok Bakshi, collapsed while warming up on the driving range for the pro-am tournament

Saudi Arabia hits out at 'false' reports state TV blurred image of Michelle Obama

Washington embassy criticises reports the First Lady's image was edited because she was not wearing a headscarf

Saudi jailed for 35 years to life for raping boy in Las Vegas

The 25-year-old airman was found guilty in 2013 of kidnapping, burglary, coercion, lewdness on a 13-year-old boy.

Oil near six-year lows after US stockpiles hit record high

Analysts say prices to remain low as China's demand slows

Stock markets: Abu Dhabi, Oman edge up, supported by banks

Gulf markets were weaker and news from the telecommunications sector was disappointing

Queen Mary 2, world's largest cruise liner, tours the MidEast

Ship is on a round-the-world trip, including stops in Jordan, Oman and the UAE

Hostage in Sydney siege "killed by police bullet ricochet"

Gunfire also injured three other hostages, an inquest into the deaths was told

Vodafone Qatar Q3 net loss widens

Telco made a net loss of $18.9m in the three months to Dec 31, according to Reuters calculations


How much would Emirates be worth if it went public?

Founding CEO Sir Maurice Flanagan has said the world’s fastest-growing airline could be valued at around $40bn. Anil Bhoyrul tends to agree

Does Daman’s move to go public make sense?

During a period in which most firms are being advised to sit on their IPOs, one company’s listing could well pay off.

The Jordanian prince who can save the world from Sepp Blatter

Prince Ali’s decision to stand for FIFA president should be celebrated around the world, says Anil Bhoyrul

Five trends that will shape the Arab World's online industry in 2015

Online business growth continues unabated, while traditional industries witness dwindling margins and growth

Why subsidies should be in the spotlight in 2015

Gulf countries have pledged to keep spending this year, but they also need to prepare for an era of cheaper oil, says Ed Attwood

How can innovation improve the hotel experience?

The hospitality industry of the future should be as effortless for Dubai’s hotels as possible

Should I quit my job to start a business?

You've just gained the qualifications so what do you do next, asks Ahmed Sharawy

Dubai Financial Market's boom and bust

The unprecedented slump in the oil price is the catalyst that has hit the DFM, but other underlying factors are still hurting the Dubai bourse, says Ed Attwood

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.

Employee benefits key to retention in the UAE's talent war

Business is good and so the war for the best talent is on, says MetLife Gulf's Chafic Houry

Who were the stars of 2014?

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


Spain: Kuwait takes part in FITUR 2015

The FITUR International Tourism Trade Fair has opened in Madrid, Spain, with the participation of 9,107 firms from 165 nations across the planet, including Kuwait.

2015 Omega Dubai Desert Classic Challenge

Promoted and organised by Golf in Dubai, the 26th edition of the 2015 Omega Dubai Desert Classic Challenge, a tournament week at Emirates Golf Club, wears a truly global look with players from 25 countries represented in one of the strongest 132-player fields ever assembled in Dubai.

ICC meetings in Dubai

The International Cricket Council (ICC) Board is gathering at the ICC headquarters in Dubai on Jan 28 and 29 for the first round of meetings of 2015.

Commemorating the bicentenary of the Battle of Waterloo

2015 marks the 200th anniversary of the Battle of Waterloo and the defeat of Napoleon. The exhibition Waterloo at Windsor: 1815-2015 Exhibition at Windsor Castle on January 28, 2015 will be on display at Windsor Castle from January 31, to January 13, 2016, as part of the anniversary celebrations.

New Greek government wastes no time

As the first move of the new anti-austerity Syriza-led government’s plan 'pan-European 'New Deal' that will lead Europe to a reboot', finance minister Yianis Varoufakis pledged to rehire sacked finance ministry cleaning staff who had been fighting a legal battle since they lost their jobs, spending months protesting outside government buildings.


Family of Jordanian pilot urges ISIL prisoner swap for his release

Hundreds of people join the relatives of a Jordanian pilot held hostage by ISIL to urge their government to meet the demands of the militants.

UN Gaza agency forced to suspend aid to refugees

A shortfall in funding has forced the UN agency in Gaza (UNWRA) to suspend aid to tens of thousands of Palestinians for repairs to homes damaged in the conflict last summer.

Apple's record profit: five numbers you need to know

Apple Inc has announced the biggest profit ever reported by a public company - a net figure of $18 billion (15.9 billion euros) for its first fiscal quarter.

US start-up’s new tech solution for energy savings

A Boston company has come up with a new and efficient way for homeowners to save money on energy costs, a timely innovation given the impact of this week's snow storms in the northeast US.

Football annual transfers break $4bn barrier

Football's world governing body FIFA has announced that global annual transfer spending has broken the $4bn mark for the first time. Fifa revealed that in 2014, $4.1bn were spent, including around $90m from Real Madrid for James Rodriguez. That’s a total increase of 2.1 per cent from 2013.

Latest Reader Comments

Real Madrid said to rename stadium 'Abu Dhabi Bernabéu'
Non-Muslim : Investments are one thing.
Historically established names are a different story.
Money makes the world go 'round, but UEFA should finally put a hand on this.
Non-Gulf - Thursday, 29 January 2015 12:57 PM

Does Daman’s move to go public make sense?
Frank Kane : Damac perfumed very well on London market in GDR form over the past year, contrary to what you say here. Surely some mistake? ...
UAE - Thursday, 29 January 2015 12:58 PM

The Big Debate: Can Gulf governments reduce their dependency on expats?
Khalid Al Hazred : Excuse me,Expat whiners.

It is not possible for you to generalise the GCC workforce first of all because their goverments dont want them to have the kind of mentality of being too confident. You cant control a population of people who are exceptionally skilled(or allowed to showcase these s...
UAE - Liwa - Thursday, 29 January 2015 1:00 PM

Dubai house prices forecast to fall by up to 10% in 2015
rashel : Stock Exchnage -50%, Oil -50%....and only -10% for real estate. There must be something wrong here!...
Jumeirah / USD - Thursday, 29 January 2015 1:00 PM

Dubai topples Heathrow as world's busiest international airport
bobby : Busiest does not mean best. Not even in the top 10 globally. ...
UK - Thursday, 29 January 2015 1:00 PM




Real Madrid said to rename stadium 'Abu Dhabi Bernabéu'

Reports suggest renaming plan after Spanish football club signed partnership with Abu Dhabi fund IPIC in October


Qatari-led group wins $4bn battle for Canary Wharf

Songbird Estates drops opposition to bid by consortium led by Qatar Investment Authority


Dubai eyes 20,000 more hotel rooms by end-2016

Senior tourism official says emirate is shifting focus to mid-market; has 51 applications to open three- and four-star hotels


ISIL said to set new deadline for Jordan hostage swap

Jordan says willing to hand over an Iraqi woman jailed for her role in a 2005 suicide bomb attack if a Jordanian pilot captured by ISIL is released


Saudi's Bateel confirms equity fund deal to drive global growth

Gourmet date firm says it is partnering with L Capital Asia, which is sponsored by LVMH Moët Hennessy Louis Vuitton


Apple records largest profit in corporate history on back of strong iPhone sales

Tech giant sold 74.5 million iPhones in the last quarter of 2014, helping it produce a profit of $18bn, the biggest ever reported by a public company


Flydubai gunfire was 'an accident', likely from wedding celebrations, says Iraqi minister

UAE aircraft was struck by bullets as it landed at Baghdad International Airport on Monday


Vodafone Qatar ordered to remove ads deemed ‘misleading’ by regulator

Telco plans to appeal decision by Communications Regulatory Authority that '3 months free' promotion was inaccurate.


Emirates warns of currency shifts eating into fuel-cost benefits

Senior exec says currency fluctuations in Europe and Russia likely to limit the profitability boost from lower oil prices


UAE summons Iraqi envoy over flydubai gunshot terror in Baghdad

Ambassador Muwaffaq Mehdi Abboud told of UAE's 'grave concern'; UAE demands full investigation


Dubai house prices forecast to fall by up to 10% in 2015

Jones Lang LaSalle says it expects correction this year after prices have risen 56% in the two years to June 2014


Dubai topples Heathrow as world's busiest international airport

Full-year passenger numbers total nearly 70.5m in 2014; forecast to grow to 79m this year, says airport chief


Abu Dhabi's Aabar gets nod to tighten grip on Arabtec

Unit of Aabar Investments receives regulatory approval to buy a further 100 million shares in Dubai construction giant


Expat dies after car plunges from high rise car park in Abu Dhabi

54-year-old European female reversed vehicle from car park


Police to probe false reports plane crashed into labour camp in RAK

An investigation to identify the source of these rumours has been launched, officials said


GCC retail sales forecast to reach $284.5bn by 2018

New report says Qatar will be fastest growing retail market in region; food sales set to be key driver of growth


Yemen crisis is first big test for Saudi Arabia's King Salman

Yemen is at risk of breaking up with the ascent of the Houthi movement

Profile: New Saudi ruler King Salman bin Abdulaziz

Salman will have the final say on social and economic reforms started under Abdullah

A Saif pair of hands for the Belhasa empire

Saif Belhasa, founder and chairman of the Saif Belhasa Group of Companies, explains how diversifying his interests has helped the group to thrive, and why the future is exciting for businesses in Dubai

Legacy: Saudi King Abdullah was a cautious reformer

How Saudi Arabia's ruler left a modernising legacy of cautious social and economic reform

Profile: Saudi's new Crown Prince Muqrin

Heir to Saudi Arabia's throne is a former fighter pilot who was educated at a Western university

Profile: New Saudi Deputy Crown Prince marks generational shift

Prince Mohammed bin Nayef is a close friend of the United States and a scourge of Islamist militants

Making sense of Sharjah: Hussain Al Mahmoudi

The UAE’s third-largest emirate has trod its own path, focusing on Islamic culture and diversifying its economy. It’s an approach that has paid off, argues the director general of the Sharjah Chamber of Commerce & Industry, Hussain Al Mahmoudi

Banking on peace: Bank of Palestine's Hashim Shawa

The Palestinian economy represents an extraordinary opportunity for investors who can see past the grim headlines, says the chairman of the country’s biggest bank, Hashim Shawa

Rediscovering past glories: Pearl fishing

Pearl fishing was practically wiped out in the Gulf by the influx of cheaper alternatives from Asia in the early 20th century, but Qatar has teamed up with Robert Wan, one of the industry’s most respected names, to revive the ancient practice

Saudi Arabia's new Yemen strategy: get behind a fence

Saudi Arabia is increasingly taking a security-first approach after Houthi rebels have all but seized power

Market mover: Daman Investments chairman and founder Shehab Gargash

After a six-year wait, Daman Investments is all set to go public in the first quarter of this year. But given the unprecedented volatility on local stock markets, is chairman and founder Shehab Gargash ready to take the plunge?

Forever looking forward: Fadi Ghandour

With his trademark boundless energy, Fadi Ghandour recently gave budding entrepreneurs the benefit of his experience and success with an insightful presentation in Dubai. But as he revealed to Arabian Business it is the private sector which needs to change to bring a positive future to the Arab world

The Italian job: Sir Rocco Forte

Sir Rocco Forte's recent deal with Italian sovereign wealth fund FSI has brought a new lease of life to the hospitality grandee’s eponymous hotel chain. Can the Middle East finally start to play a bigger role in Sir Rocco’s plans?

A man of Vertu: Massimiliano Pogliani

Just how did Massimiliano Pogliani rescue phone brand Vertu? The company’s CEO tells Arabian Business how he revolutionised and resurrected the fortunes of the once technology-shy luxury mobile phone business, and why moving step-by-step can pay dividends

Taste the difference: Mondelez's Vishal Tikku

The boss of one of the Middle East’s largest food and beverage companies and the conglomerate behind favourites such as Tang, Oreo and Kraft cheese, Mondelēz International’s Vishal Tikku, explains the dilemma between balancing goodness with good taste and how he decides when to bring a successful brand to the Gulf market

Austerity? Not for us, say rich Gulf states as oil slides

Economic defences which the Gulf states built up after the global financial crisis to cope with just such a drop in oil are holding

Building a billion dollar conglomerate: Shaji Ul Mulk

After arriving in Dubai three decades ago, Shaji Ul Mulk was determined to make it on his own. Now chairman of one of the UAE’s biggest manufacturing empires, he shares his challenging road to success, his dreams for the healthcare industry, his IPO plans, and why there’s still plenty of chapters to write about Mulk Holdings’ promising future

Ringing in a new era: Ooredoo Oman CEO Greg Young

Oman’s second telco, Nawras, has now officially rebranded as Ooredoo, spreading the Qatar-based firm’s global reach. Ooredoo Oman CEO Greg Young explains why the move will create noise not only in the domestic but in the international telecoms industry as well, and why sites such as Facebook and YouTube also will be listening in

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