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Last Updated: Fri, Sep 19 2014 | 9:48 PM |

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1

Kuwait's SWF says to expand Germany investments

The Kuwait Investment Authority (KIA), one of the world's largest sovereign wealth funds and a long-term investor in German auto maker Daimler AG, wants to ramp up investments in Europe's largest economy...

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Posted by: Brad Jones Sep 20, 2014 1:48 AM [Bahrain]

Wouldn't that be a fine day for the people of Kuwait, if this man pictured with his finger pointed in the air, smiling, was raising his hand in support of investing in local development, like a new airport perhaps, or an overhaul of a shattered and worn down national carrier, or how about a new national museum, zoo, cultural centers, schools, or a new transport system to alleviate the massive grid-lock throughout the country. Need I go on...there is a pattern here and historically speaking, Kuwait invests abroad with great haste, but when it comes to developing their own country, they are hesitant and this is shameful and will only hurt this nation in the long run. Can anyone step forward to save this GCC nation?

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3

“UAE not ready to decriminalise bounced cheques,” says Mashreq boss

The UAE cannot decriminalise bounced cheques because the paper payment is still crucial to the financial system, the head of the country’s banking association has said.Making the offence a civil matter...

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Posted by: Karl Cobra Sep 20, 2014 1:48 AM [UK]

Fraudants and crooks use cheques to scam innocent people into fake and bogus investments returns,, the cheques bounce and the bogus firm CEO makes Millions for a civil lousy case punishment, this is a crime and should be taken seriously by authorities they have responsibility towards the public as they allowed those thieves to legally practice thier cons in UAE.....

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1

Scotland says no in vote on independence

Scotland spurned independence in a historic referendum that threatened to rip the United Kingdom apart, sow financial turmoil and diminish Britain’s remaining global clout.A vote for the 307-year union...

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Posted by: WHJ Sep 19, 2014 5:33 PM [UAE]

Jees...now we have to deal with double the arrogance, haughtiness and condescension from Brits.
Joking aside, good for the UK. Congratulations!

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5

Dubai school tells mothers to cover up on the school run

A Dubai school has issued a warning to mothers to respect the UAE’s dress code when dropping children off.Dubai newspaper 7Days reports that Raffles World Academy has posted a notice at its entrance asking...

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Posted by: Jocelyn Kent Sep 19, 2014 2:31 PM [United Kingdom]

Like we say in UK, If you dont like what you see, then turn your eye away. Dubai is a free and liberal city and have embraced the life style and culture of UK. So why all the fuss.

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8

Dubai Marina retailers face hefty bills for outdoor spaces

Dubai Marina promenade retailers are being hit with an extra fee of AED225 ($61) per square foot by Emaar for leasing its outdoor space.According to a report in Gulf News, one Jordanian restaurant owner...

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Posted by: Clare Sep 19, 2014 2:32 PM [UAE]

Suggest you don't pay as the minute you do the standard legal stance is by paying you are agreeing to the terms and you will never get your money back and you will also end up encouraging the landlord to charge some other fee like an "outdoor service charge" !

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2

Scottish independence will destabilise the whole of the UK, says NI minister

Scottish independence will have a destabilising effect on the whole of the UK and should be avoided, the trade minister for Northern Ireland told Arabian Business while on a visit to the UAE this week...

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Posted by: procan Sep 18, 2014 8:05 PM [canada]

The relationship with the commonwealth Countries will also so change with out question they will rally around England for sure. The new country will need to make new friends perhaps the Russia and Iran will embrace the New Scotland ...... oh my what will become of Scotland Yard : )

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33

Independence would be bad for Scottish expats, says Dubai's top Scot

Scottish independence would be bad for expatriates residents in the region as there are too many economic uncertainties in breaking away from the United Kingdom, Dubai's top Scot told Arabian Business...

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Posted by: procan Sep 18, 2014 8:05 PM [canada]

At least 10 provincial flags in Canada will have to change with a yes vote in Scotland, as we still use the Union Jake here. There could be trouble in the province of Nova Scotia with a large expat population perhaps some returning to there new homeland. So many small things to undo with a yes vote me thinks. Many happy Qubecboi will see there spirits rise with the yes vote. The Commonwealth shall be weeker. One less entry to the Commonwealth Games. One New entry to the Olympics .Of course there is the oil , free trade ,nato , fishing rights, passports ..... oh boy the list goes on . Please say United : )

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1

Ooredoo under fire in Kuwait for retrenching 60 nationals

Kuwaiti lawmakers have called on the government to cancel the operating licence of telecommunications provider Ooredoo after it retrenched 60 Kuwaiti nationals.The company also laid off 105 expats during...

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Posted by: Mohamad Sep 18, 2014 4:28 PM [Kuwait]

This is a typical reaction of government law makers protective policies that harm business
If the business is not doing well it has to be allowed without interference to make painful decisions with threats from government
Most of the Kuwaiti if they actually turn up will find other jobs as the kuwaitisation program rolls out
This is why foreign investment goes else where cause of this this of reaction
Government think about making your own civil service and Kuwait airways efficient and stay out of private business

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6

UAE banks urged to address expats' savings snub

Almost half of UAE residents surveyed by compareit4me.com, a UAE-based finance comparison website, said they choose to save their money in bank accounts outside the country.More than 48 percent of respondents...

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Posted by: MT3 Sep 18, 2014 4:00 PM [UAE]

Any non-Muslim who does not wish their estate in the event of death to be subject to Shariah law should send their money overseas. The alternative is costly legal advice to draft the relevant wills etc... which is not bulletproof against an unpredictable legal system. This is irrespective of whether it sits in HSBC or a local bank. Don't be fooled that an international bank is any different - all banks are subject to the same regulation and laws in the UAE. If you are concerned about the system in the UAE move the money out of the country.

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1

Qatar Emir promised Merkel to improve World Cup workers' safety

The Emir of Qatar has promised German Chancellor Angela Merkel working conditions will improve for labourers helping to prepare for the 2022 World Cup in the Gulf state. Merkel, whose country is reigning...

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Posted by: Paul Sep 18, 2014 2:45 PM [UAE]

Why only now, promises for future improvements when the abuses have been there for decades and is still on going as we speak?
promises...

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