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Friday, 20 May 2016 This newsletter reaches 126,954: readers, to advertise click here

UPDATE: EgyptAir flight debris 'found south of Crete'

Greek officials say pieces of plastic and two lifevests were found floating some 230 miles south of Greek island

UK prosecutors expect to conclude Barclays Qatar probe by year-end

Britain's Serious Fraud Office is investigating undisclosed payments made to Qatari investors in 2008

Qatar 'on track' with World Cup 2022 plans, says FIFA official

FIFA's head of planning and infrastructure says he is 'very happy' with preparations for tournament

Dubai's Limitless says to make early $653m debt deal payment

Real estate developer will make payment to banks and trade creditors this month as part of restructured deal

UAE rises up global list of property investment hotspots

New index sees UAE move up to 13th, ahead of Monaco, in list of best residence-by-investment programs

Dubai's Azizi awards $54m deals to build Al Furjan projects

Developer appoints Keilani Construction Co to construct two new serviced residences; to be delivered by end-2017

China eyes deal for industrial park in Oman

Chinese government to invest over $30m to cover first stage of the project

Anti-bribery policies 'failing', say majority of Dubai bosses

Only a third of executives claim to understand their company’s policies on corruption

Qatar's Ooredoo said to hire banks for up to $1bn bond

Sources say telecoms company is seeking to raise $750m to $1bn through the transaction

Nakheel opens first phase of expansion at Dubai's Ibn Battuta Mall

Developer says extension adds 60 new shops, restaurants, cafes and services; further expansion to come

Dubai parking fee hike to start on May 28, says RTA

Transport authority says only 23% of parking spaces will be affected by fee rise

Dubai Airports pushing more airlines to switch to Al Maktoum Int'l

Operator is negotiating discounts with new airlines to incentivise them to use Dubai’s second airport

UAE sets up firm to operate first nuclear power plants

Emirates Nuclear Energy Corp approves plan for Nawah to run units 1-4 at Barakah

Jeddah Tower 'delayed' due to Binladin Group funding issues

Saudi construction giant has reportedly lost billions since Makkah crane crash

UAE lawyer tweets job offer to Barack Obama

Isa bin Haidar says wants US president to “see more of the Arab world”

Revealed: Saudi Arabia holds $117bn of US gov’t debt

US Treasury releases first valuation of Saudi assets, which make up 20% of the kingdom’s foreign exchange reserves

Developer plans to open $81m specialist mall in Dubai

MMS Gulf says construction of shopping mall dedicated to furniture market is set to be completed in April 2017

MidEast jobs market sees first negative growth since Jan 2015

Monster Employment Index registers 4% slump in online job opportunities in April as Gulf economies slow

Sharjah rents slump 5.7% in Q1, set to fall further this year

New Cluttons report says villa rents fall faster than apartments and fell more than 13% in Q1 alone

Revealed: No pay rise for almost half of MENA workers and YouGov survey finds 42% did not get pay rise in 2015, 4% ‘unhappy’ with salary


GCC banks' response to hacking woefully inadequate

QNB and InvestBank let down their customers by not only failing to protect their private information but by then playing down the significance of the attacks

Saudi Arabia's oil policy could become more transparent: Kemp

Appointment of Khalid al-Falih as Saudi Arabia's new energy minister is likely to bring a big shift in style, says Reuters analyst John Kemp

Saudi Binladin Group's shaky foundations

The once dominant player in Saudi Arabia’s construction sector is facing a rocky road to redemption, says Courtney Trenwith

Why Saudi Arabia will struggle to kick its addiction to oil

Transforming the economy is an enormously ambitious undertaking fraught with considerable risks, says Reuters analyst John Kemp

How Etihad's partnership strategy is paying off

A strong set of results posted today shows that the Abu Dhabi airline’s much-discussed strategy is starting to bear fruit

Room for improvement?

With Dubai’s hotel market reaching maturity, the question of standards has moved to the forefront, says Courtney Trenwith

Saudi Arabia turns oil weapon on Iran

Gulf kingdom's decision to scupper negotiations on a coordinated oil output freeze is significant shift in policy, says Reuters analyst John Kemp


World's largest cruise ship: On board the Harmony of the Seas

As the world's largest cruise ship, Harmony of the Seas, prepares for its maiden voyage, Aaron Heslehurst looks at what there is to do on board.

This massive diamond is a freak

Even in the world of rare stones, Foxfire is a freak. It was buried in a place where big gem-quality diamonds aren’t supposed to exist.

Sri Lanka mudslides bury 150 people: Red Cross

Landslides have destroyed Sri Lankan villages after heavy rains. Dozens are believed to have been killed and many more are missing.

Cannes Film Festival gives voice to refugees

The UN refugee agency is using the Cannes Film Festival to explore how filmmakers are responding to the ongoing refugee crisis.

Latest Reader Comments

A growing business: Compareit4me
John : they did not launch the first car insurance portal, there are a few others with the first one about 3 years old....
uae - Wednesday, 25 May 2016 3:30 PM

Confusion over $16.5bn Makkah Metro project delays
Ronald : This drip, drip, drip approach to bad news from Saudi Arabia is very clever indeed. But if you add it all up it is very clear that the Kingdom is in trouble and no amount of posturing from the deputy crown prince about radical reform can hide the fact that the country never had a Plan B. Unemploymen...
UK - Wednesday, 25 May 2016 3:30 PM

Cheapest Dubai studio is AED 25,000 per year
Arsal : They don't have any right to increase, not in this semi-turmoil .... introducing these 'programs' to regulate prices might turn out to be a smokescreen!...
UAE - Wednesday, 25 May 2016 3:30 PM

Abu Dhabi lays off staff as Gulf austerity tightens
Englishman in Dubai : Telcoguy: pardon? What are you trying to say?...
UAE - Wednesday, 25 May 2016 3:31 PM

'Bachelor ban' in Qatar tests relations with migrant workers
Telcoguy : I was missing your posts on how oil price will have no impact on the UAE economy....
Spain - Wednesday, 25 May 2016 3:32 PM


IMF backs Saudi economic plan, fiscal policy


Saudi Binladin Group 'pays out $26.6m of delayed wages'


Top speakers line up for Arabian Business Forum on gender diversity


Woman faces deportation from UAE for checking husband's phone


Lufthansa sees no new GCC expansion amid 'overcapacity'


Senate passes bill allowing 9/11 victims to sue Saudi Arabia


Limited funding holding back SMEs in Dubai, says DED


Eight men accused of leading mass riot in Dubai labour camp


Qatar Airways raises stake in BA parent IAG to 15%


Entrepreneurs of the Week: Dunia Othman and Ibrahim Colak, founders of mrUsta


'Bachelor ban' in Qatar tests relations with migrant workers

Recent ramping up of family-only rules in Qatar is excluding the country's vast South Asian workforce

Saudi Arabia aims to salvage white elephant financial district

Creators of the King Abdullah Financial District envisaged a mini-Dubai but 10 years later most of the project is still a construction site

Domestic focus may limit clout of new $2 trillion Saudi fund

Fund's growth abroad is likely to be slowed by its responsibility for aiding the economy at home

Let me entertain you: WWE's Gerrit Meier

The sensationally scripted fights produced by World Wrestling Entertainment (WWE) have entertained millions for more than six decades. But the empire’s growth has never been bigger than under current president, Gerrit Meier, and the Middle East has become one of his top priorities

Hotel giant: Wyndham's Geoff Ballotti

Geoff Ballotti, the ebullient president of one of the largest hotel groups in the world, has grand plans to expand his empire in the Middle East — and he knows a thing or two about planes, too

Upwardly mobile: Network Int'l chief Abdulla Qassem

One of the UAE’s brightest home-grown success stories is set to see huge growth this year thanks to a recent acquisition. The chairman of payments processing giant Network International, Abdulla Qassem, explains why operating in one of the world’s fastest-growing sectors can be challenging

Revenue may be weak spot in Saudi economic reform plan

The cost of insuring Saudi Arabia's debt against default has risen since the kingdom announced a plan to wean itself off oil exports

It's raining ideas in the UAE!

The UAE is so naturally adverse to rain that one of the world's leading cloud-seeding scientists refused to believe he could create even artificial precipitation in the desert country. Seventeen years later he is still here and is planning a man-made mountain to dramatically change the country’s weather.

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