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Thursday, 31 July 2014 This newsletter reaches 155,909 readers, to advertise click here

Dubai's Damac looks to list shares on Dubai bourse

Luxury property developer listed in London last December

Reporter from Abu Dhabi's The National detained in Iran

Yeganeh Salehi was arrested along with her husband, a reporter for the Washington Post. US gov't has called for their immediate release.

HSBC under fire in UK over closure of Muslim accounts

Lender blames 2012 fine for move, which has seen several Muslim charities hit

Qatar responds to new media allegations over World Cup worker conditions

Workers on ‘Tower of Football’ left stranded in Gulf state, contractors still withholding passports - report

UN says "enough is enough" after another Gaza school attack

Deputy Secretary-General Jan Eliasson said there was nowhere for people to flee the conflict that has killed some 1,200 Palestinians

Aston Martin to revive Lagonda exclusively in the MidEast

British carmaker part-owned by Kuwait will relaunch the model in 2015

Crystal Lagoons to open Dubai office

Company is currently involved in 250 projects in more than 60 countries, including a 40 hectare project in Dubai

Airbus H1 profit up 10%, despite jet cancellations

Franco-German group also said it continued to study options for selling its 46% stake in Dassault Aviation

Australia issues arrest warrants over Syria severed head photos

Images emerged of the two Australians holding the severed heads of Syrian soldiers

China evacuates hundreds of workers in Libya to Malta

Maltese government was arranging temporary accommodation

Iran says Egypt dragging its feet on allowing aid to Gaza

Delays in issuing permits to bring in aid to Gaza and to transport wounded women and children out of the area for medical treatment


Why the Tadawul move will have foreign investors cheering

There’s no doubt that many of Saudi Arabia’s blue chips will be attractive to international asset managers, says Ed Attwood

Qatar’s 2022 World Cup: An investment legacy own goal?

Political risk analyst Ruth Lux on why Qatar has already scored a hat-trick of achievements despite ongoing controversy

Time to call time on the Etihad subsidies debate

European carriers like Lufthansa need to get used to the fact that what Etihad is doing is perfectly legitimate


The White House: Candlelight Vigil for Palestinians killed in Gaza

The candlelight vigil was held in front of the White House on July 30, 2014, in Washington, DC, to honor Palestinians who have lost their lives in Israel's current attack on Gaza.

Asian Market: Winners and Losers

Samsung Electronics and Nintendo report decline in Q2 profit while the companies in the aviation and automotive sectors record high growth rates.

US Senate Committee holds hearing on Iran

A hearing about the ongoing P-5+1 talks with Iran, held on July 29, 2014, in Washington, DC, revealed that many members of the US Senate Foreign Relations Committee are skeptical that the Obama Administration's agreement to extended talks with Iran for an additional four months will apply enough pressure to force an agreement.

Japan installs selfie stands

A newly installed camera platform designed especially for smartphones to help tourists take better selfies and group photos is seen on July 30, 2014, on Enoshima Island in Fujisawa, Japan.


Attacks on Gaza: “It's a barbarity,” says UN spokesman

Chris Gunness, spokesman of the UN Relief and Works Agency for Palestine Refugees in the Near East, condemns attack on UN school in Gaza: “It's a barbarity and it needs to end.”

Greeks petition against coastal development

A hundred and fifty thousand Greeks signed an online petition against a coastal development bill.

Ebola epidemic 'out of control' says charity

Global medical charity Doctors Without Borders has given warning that the Ebola crisis in West Africa is "unprecedented, absolutely out of control", as states across the world took steps to prevent its spread.

Floods hit Europe

Hundreds evacuated after floods hit Romania, Croatia, Belgium and many other European countries.

Argentina approaching another default after talks fail

Argentina and holdout creditors failed to reach a debt deal, bringing the country closer to another default.

Kyrgyz entrepreneur turns van into mobile sauna

A villager in a remote part of Kyrgyzstan is offering rural shepherds the chance to rest their aching limbs with a scenic spa inside his van-cum-sauna.

US economy gets a boost with Q2 GDP numbers

Analysts say strong GDP numbers and continuing improvement in the jobs sector point to a possible interest rate hike sooner than later.

Latest Reader Comments

HSBC under fire in UK over closure of Muslim accounts
Adam : Their explanations are just unconvincing. The best initiative is to have our accounts transferred to other Banks which are more or less online with our believes.

I invite all who disagree with their pathetic attitude to move away from them. I will do it tomorrow at lunch. Stop being a sile...
UAE - Thursday, 31 July 2014 4:03 PM

Baggage belt breakdown causes Eid chaos at Saudi airport
Granny Scroggins : Gaza is burning and Arabian Business is writing about a luggage belt malfunctioning. ...
UAE - Thursday, 31 July 2014 2:57 PM

Dubai prime property price growth almost halves in Q2
Telcoguy : Anna, as a matter of fact a majority of residents are under 3,500 dhms per month. You got it wrong by one zero

But yes, your point about affordability is a valid one. It is one of the key points we have been making for a long time, the other being contract enforcement, property laws and th...
UAE - Thursday, 31 July 2014 2:56 PM

Bollywood star backs stalled $626m Dubai mixed-use project
Telcoguy : He is not investing in this. He is getting paid to say that he likes it, like a Bollywood movie. I wonder if there will be an all singing-and-dancing ending to this movie though...
UAE - Thursday, 31 July 2014 2:56 PM

Revealed: average Dubai apartment, villa price tags
Dubaishock : Dubai property market expected Ramadan to be slow as it always have been in the past. But now after ramadan we will see desperate sellers coming in the market. The main buyers in the market already have properties in the Dubai market and would not increase their exposure. Another reason for market t...
pakistan - Thursday, 31 July 2014 12:32 PM




Ryanair looking to expand into the MidEast - CEO

Low-cost carrier plans to use Cyprus as a base to launch flights to Egypt, Jordan, Lebanon and beyond


Revealed: Most popular brands on social media during Ramadan

Research tracked the food, drink and telco firms mentioned most online during the holy month


Qatar's state spending growth slows to 11-year low

New data suggests government has begun reining in excesses of the previous four years despite rise in infrastructure investment


UAE's Just Falafel set to expand into India

Food retailer announces deal to link up with Indian company to launch first outlet in Bangalore


Revealed: average Dubai apartment, villa price tags

New research by says a studio apartment in Dubai costs average of $261,000 in Q2


UAE set to bring in new visas system to boost economy, tourism

New amendments to start in August; to include activation of multiple entry permits, study visas and permits for medical care


Sir Alex Ferguson to make keynote speech at Arabian Business Awards

Manchester United legend confirms appearance at November event


Arabian Business Entrepreneurs Clinic: Marketing

CEO of Crescent Enterprises and serial entrepreneur Badr Jafar will answer your questions on the start-up subjects that matter most to you


18,000 register for Dubai's ‘Your Child in Gold’ campaign

Authorities said they expect around a third will complete the challenge


The Daily Grind: Coffee Planet

Robert Jones, managing director of Coffee Planet, explains how he helped build the company and what it takes to thrive in such a competitive marketplace

Saudi Arabia accelerates reform push with market opening

Stock market move follows labour market reforms and a new mortgage lending law in Gulf kingdom

How Dubai is helping Ireland's economic push

Tourism is now Ireland’s second-largest industry, and is playing a vital role in bringing the Emerald Isle’s economy back to full health. Much of that has been driven by close ties between the country’s horse-racing industry and Dubai’s ruling family

Capital plans: how Qatar's banks are shaping up

Ahli Bank chief executive Salah Murad says that despite competition and potential inflation, the Qatari banking sector is in rude health

Behind the scenes at Rolls-Royce

In the ten years since BMW relaunched Rolls-Royce, sales of one of the world’s most famous brands have hit record levels. Arabian Business takes a tour around the company’s Goodwood factory to discover why the world’s richest people can’t seem to shake their addiction to a British institution

Interview: flydubai's CEO Ghaith Al Ghaith

New destinations, new aircraft and new services are all in the pipeline for one of the world’s fastest-growing airlines, flydubai

The great escape: JW Marriott Marquis Hotel Dubai

CEO Middle East checked into the JW Marriott Marquis Hotel Dubai to find out whether the city’s top business hotel ranks as a great place to stay, as well as being a great place to work.

Living the dream: Jean-Marc Jacot

The chief executive of top Swiss watch brand Parmigiani Fleurier says he has never done a day’s work in his life. But with the company’s turnover and sales increasing rapidly, many would disagree

Behind the scenes of Mall of Qatar

The man in charge of putting together one of Doha’s biggest shopping centres, Mall of Qatar, talks trade, tourism and tenants

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