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Thursday, 27 August 2015 This newsletter reaches 155,909 readers, to advertise click here
NEWS »

Exclusive: Former Leeds Utd boss sentenced to 2 years in jail by Dubai court

British executive David Haigh, who has been behind bars since May 2014, plans to appeal the sentence after being convicted of “breach of trust” by a criminal court.

Muslims need to do more to stop ISIL, says Queen Rania

100 million jobs must be created in the region by 2020 in order to avoid disaffected young people from joining the ranks of jihadists, says Jordanian royal

British honeymooner drowns in Dubai hotel tragedy

Groom got into difficulties following late-night swim in Jebel Ali hotel

Dubai's DP World H1 profit soars 22%

14% rise in revenue was helped by acquisitions including the purchase of EZW from Dubai World.

Credit card machines in all taxis this year- RTA

80% of the entire fleet of taxis currently equipped with the new technology

Two-day ceasefire begins in three Syrian towns

It is the second ceasefire in a month in fighting between the Syrian army and the Lebanese group Hezbollah on one hand, and Syrian insurgents on the other.

'We're committed to pegging to the US dollar,' says Oman, despite oil price pressure

Devaluing the rial could aid state finances by increasing the local currency value of oil exports.

Abu Dhabi-backed fund among bids for Tesco’s $5.9bn South Korean unit

Washington DC-based Carlyle Group is among three bidders competing for the deal

Former Bahrain expat among those killed in UK airshow crash

76-year-old Maurice Abrahams was a retired soldier who served in the Gulf state

Gold coasts along as stocks perk up, possible Fed hike delay supports

Bullion fell to a one-week low of $1,117.35 overnight

Rescuers save 3,000 migrants in Mediterranean, 55 dead

Tens of thousands of people, mainly from Africa and the Middle East, have put to sea this year in the hope of reaching Europe

Moroccan king endorses business jet event

MEBAA will display 25 aircrafts and 50 exhibitors

Top gentlemen evenings in Dubai

Who says the ladies get to have all the fun? Five deals geared for the guys

7 looks from Instagram’s Arab fashionistas

From Nancy Ajram to Huda Kattan, Arab ladies show off their style

Focus: How Tunisia's hotels are fighting back

Hoteliers in the North African state are looking to Algerians and domestic travellers to fill the Euro-gap caused by the recent shootings.

OPINIONS »

Oil market loses faith in Saudi strategy

Reuters analyst John Kemp says Saudi Arabia's strategy for rebalancing the oil market shows few signs of working

'You must spend money to make money'

Ahmed Sharawy explains why Plautus' wisdom of more than 2,200 years ago still rings true today

Where should you stick your cash right now? Probably under the bed

Whether it’s currencies, commodities or property, there are currently few opportunities for increasing your hard-earned wealth.

Why Modi's visit will be big boost to UAE-India relations

RP Group chief Dr Ravi Pillai says visit will further galvanise investments to flow from the UAE and other Gulf countries to India

'Obama is to blame for the rise of ISIL, the mess in Syria,' says Khalaf Al Habtoor

The prominent UAE business leader on why President Barack Obama's term in office has been a disaster for the Middle East, why a President Donald Trump would be a welcome breath of fresh air.

Want to make money? Listen to Pharrell

Elie Khouri says business leaders should listen to the superstar singer

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

PHOTOS »

Queen Rania on how to fight ISIL

Queen Rania said that moderate Muslims were not doing enough to fight against ISIL jihadists and their "diabolical ideology” at the Grand Opening of the Medef Summer Conference on August 26, 2015 in Jouy-en-Josas, near Paris.

Tomatina Festival 2015

An estimated 22,000 people threw 150 tons of ripe tomatoes in the world's biggest tomato fight during the annual Tomatina festival on August 26, 2015 in Bunol, Spain

In pics: Migrant crisis

A wave of around 7,000 refugees on their journey to the European Union had been blocked last week when Macedonia declared a state of emergency and closed its borders after being overwhelmed by the huge influx of people, amid Europe's worst migration crisis since World War II.

London Zoo annual weigh-in

With more than 17,000 animals to weigh at London Zoo, the annual weigh-in event is carried out on a regular basis by zookeepers as a way of keeping track of every animals health and wellbeing.

VIDEOS »

Chinese investors nervous as stocks plummet

Chinese stocks continue to fall as investors fear interest rate cuts will not be able to stabilise its slowing economy.

Cancer sniffing dogs to aid British doctors

Dogs that can sniff out prostate cancer from urine samples have been approved for trial by Britain's National Health Service.

Afghan graffiti artist strives to beautify Kabul

Afghan artist Kabir Mokamel and a group of his supporters have started a project aimed at making Kabul the graffiti capital of the world.

Russia to increase wheat supplies to Egypt, says Putin

Russian President Vladimir Putin says his country is to increase wheat supplies to Egypt. The announcement was made during a visit to Moscow by Egyptian President Abdel Fattah.

Latest Reader Comments

Qatar picked to host first Pakistan Super League
khalid : already pakistan cricket board is not earning money at all and one million us dollar don't you think is too much seeing the state of pakistan economy intact this money they should donate to poor and develop states like balouchisthan and pakistan occupied kashmir ...
uae - Saturday, 29 August 2015 12:30 PM

Where should you stick your cash right now? Probably under the bed
Paul King : Doug is correct......the only country on earth where people talk about an Expo still 5 years away......is Dubai. After moving back to the UK having spent 10 years in Dubai the Expo is clearly an overrated reason why Dubai's economy should expand.
Expo 2020 will be to blame for the mis-allocatio...
UK - Saturday, 29 August 2015 12:31 PM

Qatar Airways relaxes cabin crew marriage, pregnancy policies
Cesare Recalcati : Well done Qatar Airways. This was necessary to be respected from the aviation community that many times criticized the airline for their policy regarding cabin crews,
...
Italy - Thursday, 27 August 2015 7:34 PM

Queen Rania: Muslims must do more to stop ISIL
Srikanth : Queen has revealed the truth, education from the womb, starting with mother's love, affection and also love from all the people around the human child, positive thinking that we are all one and we can live together anywhere in this huge world. Allah will love all of us when we join our hands in eac...
India - Thursday, 27 August 2015 7:34 PM

Emirates to launch second daily A380 flight to Frankfurt
Mary : I love this news, however, what many passengers want is for Emirates to carry on to the US with a stopover in Frankfort. With increased A380 flights to the UK, it would be nice to do a stopover in the UK then be able to fly Emirates A380 to the US and Canada. Then Emirates conquers the air traffic a...
UAE - Tuesday, 25 August 2015 3:56 PM

All READER COMMENTS
     

EDITOR'S CHOICE »

1.

Saudi Arabia set to cut billions from its budget

Oil crash prompts gov't to reportedly seek advice on 2016 budget

2.

Qatar Airways relaxes cabin crew marriage, pregnancy policies

Man in charge of airline's 9,500 flight attendants reportedly pledges to review other concerns including curfew

3.

TOWIE stars, an Essex nightclub, a bitter legal battle and a money trail that leads to Dubai

Court documents reveal Sugar Hut owner claims former director misused club cash to buy extravagant personal possessions, using a web of Dubai-based companies

4.

Dubai property slowdown due to tighter rules, not oil slump

Industry experts says the drop in oil prices is coincidental, market is adjusting after property price hikes in 2013

5.

More Dubai real estate agents to close, merge, brokers warn

Industry experts say a more stable market, lower margins & higher costs will force more real estate businesses to fold

6.

UK hostage thanks UAE forces after Yemen rescue

Bob Semple says he is 'incredibly grateful' to UAE forces who secured his release after kidnap ordeal

7.

Dubai cracks down on street racers, loud vehicles

Drivers who amass fines of over AED6,000 at risk of having vehicle impounded

8.

Helicopter airlift brings Dubai traffic to a halt

Traffic on Sheikh Zayed Road, Dubai’s main motorway, was brought to a standstill

9.

Omniyat to build $273m hotel project in Dubai

Located in Burj Khalifa district, Langham Place Downtown Dubai will span a built up area of 63.1 sqm

10.

Saudi buyer behind deal for Joan Rivers' $28m penthouse

Former governor of Eastern Province reportedly buys New York property of US comedienne who died last year

FEATURES & ANALYSIS »

MidEast boutiques seek to become fashionable M&A choice

Number of such firms in the Middle East is growing, centred on the free zones in Dubai, the region's finance hub

Abdul Aziz Al Ghurair: The UAE's top banker on the road ahead for the sector

In an exclusive interview, the chairman of the UAE Banks Federation and CEO of Mashreq Bank, one of the country’s largest private banks, talks candidly about acquisitions, the lack of a savings culture in the UAE, and the challenges that face the lender going forward.

Sweet dreams: chocolate boutique owner Isabelle Jaouen

The founder of Forrey & Galland explains why there’s no business like the chocolate business.

Saudi money market turmoil shows bank jitters over bond issues

Money market moves show concern about Saudi banks' ability to absorb multi-year series of bond issues

“I really believe this will turn out to be the most extraordinary project ever developed in the Middle East,” says the man behind Abu Dhabi’s newest and most exclusive mall complex

Ken Himmel, explains why Al Maryah Central can attract 20 million visitors a year by the time it is completed in 2018.

Lookalike architecture: Dubai buildings with international twins

We look at five buildings in the UAE which echo projects worldwide

Gulf's days of easy money ending under oil price pressures

Money market rates start to rise, partly because of the damage which cheap oil is doing to gov't finances

Egypt opens Suez Canal expansion to high hopes and some doubts

Some analysts and economists say the mega-project may fail to meet the great expectations

With crude at $50, oil firms fear deeper crisis than in 1980s

After slashing spending by $180 billion to deal with one of the worst industry downturns in decades, oil companies are still bleeding cash

Kenya: How Gulf investors can benefit from opportunities in Obama's African fatherland

US president Barack Obama’s recent visit to Kenya drew welcome attention for one of Africa’s emerging leaders as it strives to attract foreign direct investment, particularly from the Gulf.

“This is the wealth of the Libyan people and it has to come home”

How the new chairman of the Libyan Investment Authority is fighting to recoup the ravaged nation’s billions of lost wealth.

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