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Friday, 24 February 2017 This newsletter reaches 126,954: readers, to advertise click here

UAE hotels see revenue, room rate declines in January

Occupancy levels rise marginally, boosted by strong performance in smaller emirates of Fujairah, Ras Al Khaimah and Sharjah

Egyptian real estate developers suspend Saudi projects

Four companies halt housing deals with Saudi gov't amid political tensions between the two countries

NIMR to supply 1,750 armoured vehicles to the UAE

Subsidiary of Emirates Defense Industries Co to deliver military hardware to UAE Armed Forces from 2018

Emirates set to unveil upgrade to A380 Onboard Lounge

Dubai-based airline says new look has been inspired by private yacht cabins, with seating space increased

Boxers Manny Pacquiao, Amir Khan in talks for UAE clash

Filipino six-weight world champion says on Twitter that his next fight will be in the UAE, in talks with Khan's team

Women in sports ad strikes nerve in Arab world

Nike advert featuring Arab women has drawn mixed responses

Dubai's du says royalty fee to remain unchanged until 2021

Telecoms operator will pay a 15% tax on revenue and 30% tax on profit to the UAE government

GCC food import bill to hit $53.1bn in 2020 - Alpen Capital

Implementation of 5% VAT will increase food prices in Gulf countries, says new report

Dubai's Expo 2020 launches tender for Emirati food producers

Organisers seek producers of authentic Emirati products as part of licensing deals for mega event

Dana Gas sukuk drop as concern rises over looming maturity

UAE energy firm had around $300m in cash and bank balance at the end of 2016, less than half the looming sukuk maturity

Dubai's Damac launches new app for investors

Developer says Investor Relations App will enhance its communication with stakeholders on the go

Chemical giant Tronox plans $1.67bn deal for Saudi's Cristal

Deal would make Tronox the world's largest producer of titanium dioxide with total capacity of 1.3m tonnes per year


Why Saudi Aramco golden ticket has risks for Western banks

Reuters' Andy Critchlow on the Saudi Aramco IPO dangers facing JPMorgan and Morgan Stanley

Will Damac's relationship with the Trump Organization pay off?

An exclusive preview of the Trump International Golf Club Dubai reveals less about the egotistical new US president than you would expect, says Courtney Trenwith

Why personal debt levels can't rise much further

With stagnant salaries and banks reporting double-digit profit falls, cash-strapped consumers are facing a dilemma, says Sarah Townsend

How Saudi Arabia aims to dial up the fun

As Saudi Arabia moves towards opening cinemas and expanding its television offerings, the newly created General Authority for Entertainment must support content creation — and protection

Globalisation starting to make genuine business sense, at last

Trump’s policies, or lack of, have meant that globalisation may now be the best way to counterbalance narrow-minded ideals, writes Michael Jabri-Pickett

Saudi Arabia resumes swing producer role in oil

Gulf kingdom has shouldered almost 60% of the output cuts delivered by OPEC so far, says Reuters analyst John Kemp

Piloting the UAE's turbulent flight path

There has been plenty of gloomy news for the country’s airlines but clear skies are ahead, says Courtney Trenwith

Countdown to VAT: are Gulf businesses ready?

The new economic landscape will pose unprecedented challenges to businesses, particularly small- and medium-sized enterprises


Video: How much does it cost to win an Oscar?

Winning Hollywood's highest honour isn't just about making a good film - it's also about campaigning.

Video: Tesla posts narrower loss than estimated

Tesla posted a narrower quarterly loss than estimated and said the much-anticipated Model 3 electric sedan remains on schedule, as Chief Executive Officer Elon Musk closes in on his pursuit of more mainstream car buyers.

Video: Newly-discovered Earth-sized exoplanets could host life

They may not have found aliens, yet, but astronomers have announced the discovery of seven Earth-sized exoplanets orbiting a dwarf star, named TRAPPIST-1, just 40 light years away.

Video: Iraqi hipsters put Erbil on fashion map

Fashion conscious men are turning heads in Erbil. With regular meet ups, the young group of hipsters show off their suited and booted looks, capturing their images to share on social media.

Latest Reader Comments

Creditors of Saudi steel giant agree to $1.7bn debt deal
Hammad Bashir : With people like Sharjeel Azhar on the driving seat of Al Ittefaq Steel, this industry will see new heights in progress and prosperity. ...
Pakistan - Thursday, 23 February 2017 12:40 PM

UAE drafts new rules pushing banks to lend more to SMEs
Kevin : Just ponder over it for a moment; ethical leadership enhances the company’s reputation in the financial market and society at large. A solid reputation for ethics and integrity significantly improves the company’s business. On the other hand, unprincipled morally corrupt managers bring outright disr...
UAE - Thursday, 23 February 2017 8:44 AM

Dubai likely to lose 'shopper's paradise' status: S&P
Telcoguy : I think there is some potential on Chinese/Indian, visas may be an issue, plus hotels are cheaper in Dubai than in London.

And do not forget that Dubai has a strong brand in South Asia, I have seen Pakistanis gladly pay a 30-40% premium just because they are buying it in Dubai. this is prob...
Lima - Thursday, 23 February 2017 8:43 AM

Dubai police summon Russian model who dangled from skyscraper
apple : Was it planned? So lightly summoned. Generates a lot of free Dubai publicity...
Canada - Thursday, 23 February 2017 12:41 PM

Dubai Chamber launches board game to showcase emirate's tourist attractions
Doug : Wonder what the Chance cards will look like?

"You have been accused of making an obscene gesture. GO TO JAIL. DO NOT PASS GO"

"Your cheque has bounced. GO TO JAIL. DO NOT PASS GO"

"Your bank has given you a 10m dhs loan, despite the fact you're just a media sales executive...
UAE - Thursday, 23 February 2017 12:42 PM


Etihad denies breaking EU law and violating passengers rights


$10,000 to upgrade Tesla to a driverless car in UAE


Bahrain, India consider scrapping scheme to protect migrant maids


Revealed: How Sheikh Mohammed's voice was heard from outer space


Qatari-Turkish JV wins deal to build 2022 World Cup stadium


Dubai ruler directs MBRSC to lead Mars 2117 project


Saudi Arabia set to add record number of hotel rooms in 2017


UAE wastes $3.5bn of food annually, says Alpen Capital


Luxury hotel brand finally coming to the GCC

Following numerous unfulfilled promises and delays, Langham Hotels set to open four properties in the Gulf, all in the space of a year

Anantara brings a little bit of Thailand to the GCC

Chairman and CEO explains why the region is so enticing

A tale of two (smart) cities

Singapore’s outgoing ambassador to the UAE says the countries have much in common

How Travis Kalanick aims to drive Uber's growth in the Gulf region

In an exclusive interview with Arabian Business, the CEO reveals how he gave 40,000 Saudis jobs, and what makes Dubai the perfect blueprint for the GCC

Qatar building big businesses from small ideas

Qatar Development Bank CEO Abdulaziz Bin Nasser Al Khalifa argues access to finance remains one of the largest barriers to SME growth in the region

Jet setter: Gulfstream CEO Mark Burns

While global demand for business jets is flat to negative, the Middle East’s forecast $248bn worth of orders in the next decade has seen manufacturer Gulfstream turn its attention to the region. CEO Mark Burns talks range, speed and connectivity

Planning ahead: Sobha Group founder PNC Menon

With the ground firmly broken at its two flagship schemes in Dubai, real estate developer Sobha Group is drawing up plans for its next five years of growth. Founder PNC Menon reveals he has plans to become one of the best three property brands in the UAE by 2020

Flavio Briatore's formula for life

The flamboyant ex-Formula One boss-turned retail mogul boasts about the success of his Dubai Billionaire Mansion restaurant. But there is one thing missing in the emirate, he argues. It needs more Europeans

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PHOTOS: In pictures: Music legend Sir Tom Jones at the opening night of Emirates Airlines Dubai Jazz Festival
The festival due, to be held at Dubai Media City Amphitheatre between 22 and 24 February, will see Mariah Carey perform on February 23 while Latin recording artist Enrique Iglesias will close the festival on February 24.
PHOTOS: In pictures: Third round of Dubai Duty Free Tennis Championships
Teenager Catherine Bellis claimed a stunning 6-4 2-6 6-2 victory over fourth seed and former champion Agnieszka Radwanska to reach the quarter-finals of the Dubai Duty Free Tennis Championships.
PHOTOS: Inside the world's largest and fastest aluminium motor yacht
Luxury yacht will be on show at the Dubai International Boat Show
PHOTOS: In pictures: Princess Diana fashion story at Kensington Palace in London
'Diana: Her Fashion Story' follows her evolution from the demure outfits of her first public appearances to the glamourous gowns of her later life and is being hosted in Kensington Palace, her London residence.
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