ArabianBusiness.com/subscribe Have trouble reading this email? See it in your browser
Would you also like to receive our Arabic Newsletter? Then click here
Friday, 20 January 2017 This newsletter reaches 126,954: readers, to advertise click here
NEWS »

Taliban seeks to reassure UAE over Afghanistan terror attack

Five Emiratis were killed in bomb blast in Kandahar governor's residence last week

Saudi Arabia set to debate 6% levy on expat remittances

Shoura Council member claims move is a response to rising levels of remittances in Gulf kingdom

Emirati family set to move into first Masdar City eco-villa

Home is designed to use around 72% less energy and 35% less water than typical four-bed villa

More labour market, bankruptcy reforms urged to drive MidEast growth

World Economic Forum’s MENA Business Council outlines plan to create jobs and stability in region

UAE predicts 90% driverless cars, 20% solar power by 2035

New State of Future report also forecasts hypersonic planes to cruise at 6,100km per hour by 2030

Occupancy at top Dubai shopping malls close to 100%

CBRE reports strong demand in emirate but some evidence of store closures as landlords look to freshen up retail mix

Saudi's Kingdom Holding posts 6% rise in Q4 net profit

Investment firm owned by billionaire Prince Alwaleed bin Talal says earnings boosted by rise in hotel revenue

UAE launches $50m fund for Caribbean clean energy projects

UAE-Caribbean Renewable Energy Fund represents one of the largest-ever single investments in the region

Fingerprint policy pushes Saudi's Mobily into Q4 loss

Cost of implementing gov't initiative to register fingerprints with phone numbers leads to $18.9m loss

Saudi's SABIC Q4 net profit jumps 48%, first rise in 10 quarters

Saudi Basic Industries Corp's results suggest that the worst might be over for Saudi petrochemical sector

GCC has youngest Porsche owners in the world, says CEO

Regional Porsche boss says buyers in the UAE and the Gulf are 12 years younger than global average

New date set for first Sandstorm Dubai event amid high demand

Obstacle course race put back to Feb 10; will take place across 5km and 10km distances through four terrains

Saudi's Savola Group slumps to Q4 loss, misses forecasts

Saudi Arabia's largest food products company cites lower gross profits, higher financial charges

Etihad set to launch double daily service to Düsseldorf

Abu Dhabi airline says weekly flights to German cities will rise to 42 from March 26

Saudi's Dar Al Arkan sees 23.4% Q4 net profit slump

Construction giant blames lower property sales revenue and higher operating expenses for the fall in income

Emirates says to launch third daily Nairobi flight in June

Additional flight will increase the number of scheduled Emirates flights to Kenyan capital to 21 a week

Qatar aims for self-sufficiency in vegetable growing 'in five years'

Ministry of Municipality and Environment joins Ministry of Economy to spearhead food security effort

OPINIONS »

Why UAE expats want more from a skilled economy

The UAE will need to ensure a good quality of life for residents if it is to meet its goal of increasing the number of professional workers, says Courtney Trenwith

Healthy food to drive growth in retail sector

GCC consumers’ increasing holistic approach to choosing healthy and well-priced items presents a big opportunity for retailers in 2017

How to find value in uncertain times

GCC equity valuations remain reasonably attractive given the global economic circumstances, and investors are becoming more comfortable with investing in start-ups

Tourism strategies will feed the MICE sector

New players will have to build on their unique selling points to establish themselves as a serious destination for business events

Confronting the refugee crisis

A more realistic approach will help combat fear and uncertainty that threatens to divide us even further

Accelerating the reform agenda in the GCC's financial markets

GCC financial markets will benefit from governments’ increasingly reliance on external funding

Interest in affordable housing is rising, says Danube's Rizwan Sajan

After largely ignoring the lower property segment, developers and investors are realising its potential

Private equity activity in Gulf region to increase significantly

Fast-growing sectors such as e-commerce, food, FMCG, logistics and business services will dominate investment

VIDEOS »

Video: Iranian women volleyball duo make history

Maedeh Borhani and Zeinab Giveh are the first Iranian women volleyball players to play outside the Islamic Republic after joining Bulgarian club Shumen.

Video: Whistleblowers - Heroes or traitors?

Snowden, Assange, Manning. A piece of art in Berlin representing the three famous whistleblowers is meant to encourage citizens to speak out.

Video: HSBC plans Paris move after Brexit

HSBC has announced it will move staff responsible for generating around a fifth of its UK-based trading revenue to Paris following Britain's exit from the European Union.

Video: Strong earthquakes hit central Italy, no injuries reported

A spate of strong earthquakes hit central Italy on January 18, unnerving residents shaken by last year's deadly tremors and forcing hundreds of schools, rail links and the underground metro in Rome to close.

Latest Reader Comments

Some banks baulk at pricing of Dubai's metro loan
Aleem Rauf Khan : This is crazy! Banks are suffering because Government withdrawing deposits and then now getting a bad deal with lower pricing. Neither the Gov nor the banks will gain from this. Dubai government rating (presumed) is worse anyway. Banks are likely to focus on other economies in the region such as Kuw...
United Arab Emirates - Thursday, 19 January 2017 8:32 AM

Calling adventurous UAE entrepreneurs and angel investors
Hosam Eldeen Mostafa : Great initiative by Mr. Karmi, we hope to see more of these events at MENA region with lower costs for entrepreneurs ...
Egypt - Thursday, 19 January 2017 8:41 AM

Emirates launches paid-for access to business, first class lounges at DXB
MT3 : Anyone sensible who pays USD 100 for lounge access is going to be devastated. The Emirates lounge in Dubai is woeful even after the refurbishment and depending upon the time of day you'll be lucky to get a seat to sit on and you'll need the patience of a saint to endure the toilet queues.
UAE - Thursday, 19 January 2017 8:41 AM

India-UAE ranked world's second largest migration corridor in 2015, says OECD
Laurence Bowen-Carter : The UAE should now be considered a state of India :)
Seems to be that local identity is diminishing. The numbers don't lie. ...
United Kingdom - Thursday, 19 January 2017 8:41 AM

Alabbar says Noon to focus on fashion to drive $70bn sales target
ABC : He is not claiming to have 15% market share. His claim is that online sales will represent 15% of all retail in the region....
UAE - Wednesday, 18 January 2017 7:55 AM

All READER COMMENTS
     
EDITOR'S CHOICE »
1.

Dubai developers hit with new rules on building permits, completion certificates

2.

Dubai registers $3.27bn of real estate deals in January

3.

Trump's Dubai golf course set to open in February

4.

US giant Amazon said to walk away from deal to buy Dubai's Souq.com

5.

Etihad says not looking to take stake in Germany's Lufthansa

6.

Emirates retains title of UAE's best perceived brand

7.

Dubai Crown Prince approves new maternity leave policy for gov't staff

8.

QNB said to raise $1bn syndicated loan in Asia

FEATURES & ANALYSIS »

Room for change: AccorHotels CEO Sébastien Bazin

A few months after buying FRHI Hotels & Resorts from investors including Qatar Investment Authority and Kingdom Holding, AccorHotels CEO Sébastien Bazin denies the hotel management firm is growing too fast. In fact, he intends to pick up the pace – especially in the GCC

Grooming success: Negin Fattahi Dasmal

The founder of salon concepts including the exclusive 1847, Negin Fattahi Dasmal claims to have set the standard for the UAE beauty industry. The perfectionist details how she did it

Young wheels: Rolls-Royce CEO Torsten Müller-Ötvös

Rolls-Royce’s millennial-makeover has shaved 10 years off the average age of its drivers - helped by a surge in popularity among the GCC’s ultra-wealthy, says CEO Torsten Müller-Ötvös

Drilling down: Dana Gas CEO Dr Patrick Allman-Ward

Years of frustration appear to be ending for Dana Gas, who look set to capitalise on investments in both Kurdistan and Egypt to spur its next cycle of growth.

Markets cheer Saudi deficit-cutting but finances still hostage to oil

Cost of insuring against a Saudi sovereign debt default fell this week to its lowest since September 2015

Saudi-Iran crisis, economic woes strain Oman's neutrality

Oman has never found it easy to balance relations with Saudi Arabia to the west and Iran to the north

Going public: tycoon BR Shetty

Indian-born BR Shetty turned the meagre $7 with which he arrived in the UAE in the 1970s into a personal fortune estimated at $1bn. In a rare interview, he tells Arabian Business about new plans for the businesses that made him rich - NMC Health and UAE Exchange - revealing little sign of slowing down at 70 years of age

Strong foundations: DLD's Ali Abdulla Al Ali

Dubai Land Department executive Ali Abdulla Al Ali reveals the motives behind regulatory changes to the emirate’s prized property sector and how it will help strengthen investor sentiment

Follow Us
facebook twitter instagram google plus linkedin
IN PICTURES
PHOTOS: In pictures: World Economic Forum in Davos
China's President Xi Jinping the leader of the world's second largest economy made the comment at the World Economic Forum, where he is making his first appearance as China seeks to play a greater role in world trade regimes amid rising protectionism in the US and Europe.
PHOTOS: In pictures: Preview of Abu Dhabi HSBC Championship at Abu Dhabi Golf Club
World number two Rory McIlroy has withdrawn from the HSBC Abu Dhabi Championship after tests on Monday showed he picked up a rib injury in South Africa last week.
PHOTOS: In pictures: Latest robots on display at Robodex Trade Show
Approximately 160 exhibitors participated in the trade show in Tokyo, which covers development, technology and application of robots.
PHOTOS: Revealed: Worst passwords in 2016
If you see yours, change it immediately!
Markets
ADX 4,705 0.19%
ASE 2,151 -0.65%
DFM 3,690 -0.1%
KSE 6,436 1.32%
QE 10,941 0.56%
SSE 6,876 0.33%
Share prices are updated with a 15-minute delay. Data is not intended for trading purposes
Latest Market Report: »
Banking & Finance |  Construction & Industry |  Education |  Energy |  Healthcare |  Media & Marketing
Personal Finance |  Real Estate |  Retail |  Technology |  Transport |  Travel & Hospitality