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Friday, 1 May 2015 This newsletter reaches 126,954 readers, to advertise click here

Union urges Gulf to allow Nepali workers to return after quake

International Trade Union Confederation says it has written to Qatar, Saudi and UAE gov'ts to suspend sponsorship system

France, Qatar seal $7bn deal to buy Rafale fighter jets

President Francois Hollande will travel to Doha on May 4 to sign the contract, which also includes MBDA missiles

Hundreds of bachelors evicted from Kuwait's residential areas

Single men have been banned from living near families in new crackdown across Kuwait City - report

RBS returns Qatar banking licence, country head departs

Royal Bank of Scotland closes branch in Qatar in latest step in its withdrawal from the Middle East

Etihad to launch second A380 on London Heathrow route

Abu Dhabi airline set to boost capacity to UK from Friday; has eight more A380 superjumbos on order

Oil prices likely to remain weak for at least a year - poll

Reuters survey of 32 analysts predicts that North Sea Brent crude will average $60 a barrel in 2015

Chinese carriers 'pose greater threat to US than Gulf airlines'

China, Indonesia and Turkey could be where globally dominant airlines are based in 10 years’ time - report

Qatar’s legal system has 'major shortcomings', says UN report

United Nations says Gulf state's judicial system fails to comply with international legal standards

Bahrain-Dubai JV closes third Bombardier plane deal

Joint venture closes $94m deal at list prices for the lease of three Bombardier Q400 NextGen planes

Qatar's Ooredoo Q1 net profit falls 43%

Telecom operator has reported declining profits in four of the previous six quarters

National Bank of Oman eyes acquisition of rival lender

Acquisition proposal will be discussed by United Finance's board of directors

Arab world launches international fashion council in UAE

The council will have an “Arab Fashion Week” twice a year

Gulf economies' growth forecasts cut as oil stays low

Heavy state spending and strong private consumption are cushioning the impact of a plunge in oil export revenues

Air Arabia to launch new Jordan hub services on May 18

Low-cost carrier announces date for start of operations following purchase of 49% stake in Petra Airlines in January

Boxer David Haye vows Dubai gym will still open in September

British heavyweight says the issue with bounced cheque mix-up is being rectified

Saudi King Salman replaces heir and next in line to rule

Changes signalled a major shift at the top of the ruling Al Saud family away from princes chosen by the late King Abdullah

Dubai property market sees shift to affordability in Q1

New Asteco report highlights move in market preference away from high-end luxury to value-for-money projects

Gulf banks tighten credit for small firms as cheap oil bites

Move is a sign that the region's economies are not escaping damage from the plunge of oil prices

Dubai's Meraas may launch own hotel brand

Developer has so far signed several agreements with international hotel brands for Dubai properties

Top UAE tycoon urges new rules on succession for family businesses

Abdulaziz al-Ghurair wants to see the introduction of wills and trusts that are compliant with Islamic principles

Revealed: Bulgari's first hotel in Dubai

Italian fashion brand unveils designs for Jumeirah Bay Island hotel which is set to open in 2017

Serbia seals deal with UAE developer for Belgrade makeover

Belgrade Waterfront marks the first foray into central and eastern Europe by Abu Dhabi's Eagle Hills

Dubai real estate transactions total $17.4bn in Q1

Figures from Dubai Land Department reveal Indians are biggest non-Arab investor in property market


Arab youth are taking a stance on democracy

Five years after the Arab Spring, the region’s young people have a changing view on how they should be governed, says Sunil John

Corporate governance: Let's keep the momentum going

A well-conceived corporate governance plan for family businesses can help them sustain the business viability over generations, says Suresh Vaidhyanathan

Why local is trumping global in the Middle East banking game

Regional banks have seen their fortunes soar as global banks trim down their operations in emerging markets, says Ed Attwood

What really happened to Dubai's bourse last week

Adel Merheb looks behind the reasons why the DFM index witnessed one of its biggest jumps in price and volume

Generation Next

Welcome to the 2015 Arabian Business Power List, our guide to the planet’s 100 most influential young Arabs

Nigeria’s election: A triumph of democracy

The head of one of Africa’s largest conglomerates explains why the recent presidential election will help Nigeria become an economic powerhouse.

Mohamed Alabbar: the proof is in the pudding

Why Emaar’s shareholders must rally behind their chairman at the company’s Annual General Meeting on April 15.

Will plunging oil prices impact Middle East investor activity in Europe?

CBRE's Mat Green on why European markets are likely to continue to be an attractive proposition for Middle East investors


Expert discusses Saudi Arabia's power reshuffle

Saudi Arabia's King Salman has named his powerful interior minister as heir in a major reshuffle that also saw the world's longest-serving foreign minister replaced. David Hearst, the editor of Middle East Eye, analyses the significance of the move.

Facebook SOS: Nepal earthquake volunteers found on social media

In what is left of Kathmandu's Durbar Square, local and foreign volunteers have been helping soldiers and aid workers clear rubble from around an ancient temple.

Scientists create 'ghosts' in the lab by tricking the brain

Scientists elicit the sensation of an apparition or 'ghost' in a laboratory setting using a robotic device to trick the brains of test subjects.

Hands free talk with global reach and style

A San Francisco company's global network and wearable technology allows people to communicate with a touch of a button.

Latest Reader Comments

Kuwaiti official defends deportation of illegal drivers
John : This is extreme. If they set up an RTA, which would streamline the entire system, whilst simultaneously upgrading the bus networks, which would fall under the RTA, they would network the entire system and further remove a large portion of the illegal drivers off the roads which I estimate that one-f...
UAE - Monday, 4 May 2015 8:35 AM

79% of US voters want gov't to tackle threat from Gulf carriers
WHJ : No James, denial as in refusing to accept the real factors that have contributed to the success of Gulf carriers in comparison to US airlines. Is that too difficult to understand? ...
UAE - Monday, 4 May 2015 8:37 AM

Emaar puts plans for third Armani hotel on hold
AAA : The Armani Hotel in Dubai is quite depressing with dark interior colors and it doesn't feel good when you spend a long time in it....
UAE - Monday, 4 May 2015 8:38 AM

UAE’s Mashreq bank launches the 'selfie' credit card
Vic : Wish the banks come with more payment options and not barbie doll kinda features. Make our transactions easy, improve your customer services - not a selfie card.

I wouldn't like to show my credit card to any one due to a fraud etc. and here is a bank encouraging people to share their pics o...
UAE - Monday, 4 May 2015 8:38 AM

Thomas Lundgren doesn’t like IKEA. Can you blame him?
Kalle : But wait a minute... IKEA is a low-cost store... You cannot honestly say that Lundgren had an original or unique idea. He was however the right guy at the right place at the right time. He tried his concept in Sweden som years back and failed. The One works in UAE and the Gulf region, and that is al...
Sweden - Monday, 4 May 2015 8:38 AM


US carriers urge subsidies talks with UAE and Qatar


Qatar's Al Jazeera America battles operations shake-up, $15m lawsuit


Abu Dhabi sovereign wealth fund to buy stake in Hong Kong hotels in $2.4bn deal


Expat hiring model 'no longer working', says Saudi investment head


Qatar in new crackdown on alcohol


Yemen gov't to request membership of GCC


Nakheel says Q1 net profit more than doubles to $367.5m


Former Dubai expat escapes execution in Indonesia


Emirates to sponsor FA Cup


Cayan Group eyes location for second twisted tower


New Saudi foreign minister is Washington insider, confidant of king

Adel al-Jubeir becomes the first non-royal in the job, succeeding Saud al-Faisal

Tomorrow's world: Inside the minds of Arab youth

Uncertainty over democracy, the continuing popularity of the UAE and the rise of ISIL were just some of the 10 big issues raised by the seventh annual ASDA’A Burson-Marsteller Arab Youth Survey

Saudis under time pressure to break Yemen stalemate

Frontlines of Yemen's messy civil war have barely moved after weeks of Saudi air strikes

Red or dead? Mars One boss Bas Lansdorp

Despite sceptical media, a lack of cash and no spacecraft, Mars One boss Bas Lansdorp remains convinced he can pull off a plan to send a team of Earthlings on a one-way trip to the Red Planet

Iran's window to the world

Even if US-led sanctions against Iran are removed, it will take years before the Islamic Republic is able to build up its infrastructure. In the meantime, old trading partner Dubai is best placed to benefit

Egyptian humanitarian is world’s most influential young Arab

Jawad Nabulsi tops first Arabian Business ‘100 under 40’ list, UAE is most featured country

Foreigners queue for opening of $500bn Saudi bourse

Worth more than all other Gulf Arab markets combined, it is one of the last major bourses to allow direct investment from foreigners

Some banks win, some lose in Dubai's 'Islamic economy'

Dubai's gov't announced plans to turn the emirate into a global hub for an 'Islamic economy' in 2013

From film to fashion, Dubai bids to be creative capital for Arab world

State-linked firms spending hundreds of millions of dollars as Dubai aims to rival Cairo, Beirut and Casablanca

Exclusive: Mohamed Alabbar - Uncensored

The Emaar chairman has faced a media frenzy ahead of Wednesday's Annual General Meeting. With his increasing commitments outside Emaar, including the $85 billion Capital Cairo project, and the departure of several key executives from the company, some shareholders are openly questioning his commitment to the company he founded, and his future role within it. In an exclusive interview, he tackles the critics head on — and explains why he is planning for several more years at the helm of one of the world’s most successful property developers

In the driving seat: Daimler's Mike Belk

Mike Belk, president and CEO of Daimler Middle East & Levant, talks to Arabian Business about why the company’s results are so strong, how it’s pushing the boundaries of technology, and where the automotive industry is heading.

Tackling the Gulf's Generation Game

Feuds and disagreements over succession are just two of the biggest challenges that the Gulf’s family firms face. How can some of the region’s biggest companies cope with the shift to a new generation?

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PHOTOS: UAE fights wildlife trafficking
The UAE is the first country in the Middle East to have publicly destroyed more than 10 tons of seized ivory in a symbolic act to help stop the illegal wildlife trade, in Dubai, on April 29, 2015.
PHOTOS: In pics: Yemen crisis
Many Yemenis have been displaced after Saudi-led air strikes destroyed their homes in the Yemeni capital, Sanaa.
PHOTOS: British survivors return to UK from Nepal
Around 120 British people arrived at London Stansted Airport on April 30, 2015, after they were evacuated from Nepal following a 7.8 magnitude earthquake that struck the Himalayan nation on April 25 killing over 5,000 people.
PHOTOS: LG’s new G4 phone
LG Electronics has launched its new smartphone G4 that is equipped with new 5.5-inch IPS Quantum Display features a rare-in-smartphones F1.8 aperture lens which allows 80 percent more light to hit the image sensor than in the LG G3.
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