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Last Updated: Fri, Jan 20 2017 | 12:43 PM |

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Some banks baulk at pricing of Dubai's metro loan

Some banks are baulking at participating in funding an extension of Dubai's metro because the proposed pricing, they say, does not reflect banks' higher costs and the impact of lower oil prices on liquidity...

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Posted by: Aleem Rauf Khan Jan 19, 2017 8:32 AM [United Arab Emirates]

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 Kuwait and Qatar which are better rated and not shy to pay up.

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Calling adventurous UAE entrepreneurs and angel investors

adventure2venture (#A2V), an invite-only series of workshops on entrepreneurship and angel investing, is now open for applications from ambitious start-up founders and aspiring angel investors for its...

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Posted by: Hosam Eldeen Mostafa Jan 19, 2017 8:41 AM [Egypt]

Great initiative by Mr. Karmi, we hope to see more of these events at MENA region with lower costs for entrepreneurs

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3

Emirates launches paid-for access to business, first class lounges at DXB

Emirates has opened the doors of its business and first class lounges at Dubai International Airport (DXB) for Skywards Blue members, albeit at a price.Entry-level members will be charged $100 (AED360...

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Posted by: MT3 Jan 19, 2017 8:41 AM [UAE]

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.

I will, however stick up for the crew. Most Emirates crews I have flown with are absolutely professional and a sheer joy. The problem is, like Manesh L.G., I have occasionally encountered a crew that is badly managed and disaffected and as a result the service has been abysmal. I'd say 1 in 4 or 5 flights this happens and the contrast is stark. The troubling thing is that the frequency with which I encounter bad crews is increasing. I used to complain but like many UAE companies it is an utter waste of time - there is an essential arrogance that dismisses negative feedback as whining but as most successful business know such feedback is valuable information ignored at your peril.

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1

India-UAE ranked world's second largest migration corridor in 2015, says OECD

The migration of Indians to the UAE in 2015 has been ranked as the “second largest migration in the world”, according to the Organisation for Economic Co-operation and Development (OECD).In its latest...

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Posted by: Laurence Bowen-Carter Jan 19, 2017 8:41 AM [United Kingdom]

The UAE should now be considered a state of India :)
Seems to be that local identity is diminishing. The numbers don't lie.

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9

Alabbar says Noon to focus on fashion to drive $70bn sales target

Noon, the Middle East’s largest online shopping platform founded by Mohamed Alabbar, will use the high-street fashion segment as a central plank in its strategy to dominate the region’s fast-growing e...

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Posted by: ABC Jan 18, 2017 7:55 AM [UAE]

He is not claiming to have 15% market share. His claim is that online sales will represent 15% of all retail in the region.

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UAE set to issue new regulations to cover electric vehicles

The Emirates Authority for Standardisation and Metrology (ESMA) has announced that it is working on new regulations to cover electric vehicles in the UAE. The UAE System for Electric Vehicles, the first...

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Posted by: Fentoni Jan 17, 2017 1:08 PM [UAE]

Bin Fahad : ' the new system will contribute to raising air quality level by up to 90 percent by 2021.'
Air quality will not be improved by 90% by 2021 even if you banned all cars, busses and trucks today and here's why...
The Economist, the FT etc report that the UAE's air quality is only impacted by a tiny amount from vehicle emissions and of this small contributor it's the diesel vehicles that are by far the most hazardous to health. The trucks and buses are the priority and even if you sort this out over 85% of the articulates that are hazardous to the lungs are from the dust and the sand of our desert environment.

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Saudi Arabia's religious authority says cinemas, song concerts harmful

Saudi Arabia's top religious authority has called cinemas and singing concerts harmful and corrupting, in a move that could complicate government efforts to introduce cultural reforms to the conservative...

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Posted by: Fentoni Jan 17, 2017 1:08 PM [UAE]

Elderly out of touch clerics making rulings to potentially close (or severely restrict) cinemas and public singing to a population of 31 Million, 16 million of whom are under 25 years old, many of whom are active on social media... that's a potential tinder box.

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3

Careem to double its car service for kids in the UAE

Ride-hailing app Careem is set to double it dedicated car service for kids in the UAE.The Careem Kids service offers parents a dedicated car that comes pre-installed with a child seat, with the option...

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Posted by: Jon Jan 17, 2017 1:09 PM [United States]

Thank you for your attention Aura.

My family, including our 18 month old daughter, loves the service. We use it exclusively in Dubai.

If proper installation of the car seat at all times is properly addressed this will be very much appreciated.

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13

Ronaldo Mouchawar: How I created Souq.com

Ronaldo Mouchawar is standing at the entrance of Souq.com’s cavernous warehouse in Dubai’s Al Quoz district, getting patted down by one of his own security staff.“There’s always rumours flying around,...

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Posted by: Dissatisfied Jan 17, 2017 9:16 AM [Kuwait]

I agree with all the above. I have been unable to secure refund for returned items. Each time I call the call centre, I get fobbed off with inaccurate information. Courier confirms items have been returned to seller but Souq.com just don't care and keep closing tickets. I have no idea how to make them process the refund they owe me. Awful customer service.

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1

Fawaz Al Hasawi fails to agree partial sale of Nottingham Forest

Kuwait’s Fawaz Al Hasawi has failed to agree on terms for the partial sale of Nottingham Forest to a US investor.Al Hasawi, who has been in control of the former double European champions since 2012, had...

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Posted by: peppe Jan 16, 2017 7:53 AM [UK]

Fawaz has failed at Nottingham and all would like him to leave check out the #nffc time line on twitter

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