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Last Updated: Sun, Sep 25 2016 | 3:48 PM |

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Marriott deal approval doubles hotel giant's business in Middle East and Africa

The completion of Marriott International’s acquisition of Starwood Hotels & Resorts has significant consequences for the Middle East and Africa, in one swoop doubling the hotel giant’s operations in...

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Posted by: Ken S Khan, CHA Sep 24, 2016 10:32 AM [Canada]

Marriott and the Starwood merger is certainly a giant and bold move in the hospitality industry. Congratulations' Mr. Bill Marriott and Arne Sorenson. I had worked with both great companies.

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Saudi Arabia to remove subsidies for 7 services

Saudi Arabia will cut subsidies for seven government services, including removing price-caps on 193 items, according to local media.Effective from October 2, the 50 percent subsidy that has for years applied...

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Posted by: Anonymous Sep 24, 2016 10:32 AM [Europe]

Disgraceful move by the state to implement Umrah Visa fees of SAR2000, impacted many worshippers as they will be restricted from performing act of worship, and turn the religion matters in to business, no decency. They did not even have a single bit of shame to even think about imposing fees on pilgrims, they should be ashamed of themselves before the curse get inflicted upon them. Many people (who are not even rich) strive hard to go on Umrah and the State is just adding misery to our hard work.

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UAE lawyer urges help for debtors in jail

An Emirati legal expert has called for banks to conduct tougher security checks on customers to ensure they can afford to repay loans, it has been reported.Banks are partly to blame for the large number...

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Posted by: Telcoguy Sep 24, 2016 10:33 AM [Spain]

@Fentoni my PA gets bombed with credit offers that are targeted for pure consumption, she never answers so I do not know if they would transform into actual lending.
Further plenty of people in Dubai need to get a credit just to pay the yearly rent (is that consumption?) and the only warranty would be a salary that could stop with 30 days notice as many people have discovered.
Plus during the previous phase there was a huge bubble on mortgage lending (NINJAs anyone?) not just in Dubai but worldwide.
I am afraid I can not share your views on lending.

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UAE's Azizi launches new $68m residential project in Dubai

UAE-based Azizi Developments has announced its plans for its newest project, Azizi Shaista Residence, in the Al Furjan neighbourhood in Dubai. The property adds to Azizi Developments' portfolio of UAE...

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Posted by: Telcoguy Sep 24, 2016 10:34 AM [Spain]

I think grabbing fresh money makes more financial sense than spending money they probably do not have.
I am afraid Simon that their strategy is much, much smarter than what you are advising.

I wish i had thought of that myself.

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UAE's Pacific Controls $381m debt plan due by end-October

Pacific Controls, a Dubai-based technology company, will submit a proposal to creditor banks on how to restructure its 1.4 billion dirhams ($381 million) of debt by the end of October, sources told Reuters...

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Posted by: Exemployee Sep 24, 2016 10:34 AM [UAE]

First ask them to pay the dues of the people who have either left the company or were asked to leave. Till date many of our End of service is pending.

Even salaries of existing employees are now due, most probably minimum of two months.

Whenever asked about when our dues will be provided, the CEO cuts a sorry figure that he cannot commit a date. The so called top management is absconding since May. This company can't be believed.

We are filing a case against this fraud company

These type of news of bail out is going on since long. Cant be believed anymore looking into the current situation

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Dubai developer to launch tower with only studio apartments

Dubai-based developer Shaikhani Group has revealed plans to launch a tower of apartments with just studio apartments.The current trend of affordable housing in Dubai has led developers to launch more competitively...

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Posted by: John Law Sep 23, 2016 9:52 AM [Scotland]

Very true. With Nakheel it was hit or miss. Some hit the jackpot and some were stung badly. With Galadari it was all miss, i.e. your money went missing and you can't get it back!

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India's air traffic controller must come back to Earth

Finally, India is apparently ready to open talks with Gulf states over increased air traffic rights.For decades the sub-continent has been staunchly tight on releasing new seat capacity to foreign airlines...

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Posted by: Suresh Sep 23, 2016 9:52 AM [India]

I wish the author had given some other statistics , For example :
1) How many millions of dollars of business Emirates has taken away from Indian carriers by picking up Indian passengers for Europe and America , even when Indian carriers are NOT allowed to pick up passengers from Dubai for onward journeys to Europe and America.

2) Emirates has landing rights , I believe , in 15 cities in India, where as Indian carriers get to land in only one city in return. I really would like to know if the TOTAL capacity allowed to Emirates by India is in any way comparable to the total capacity allowed to Indian airlines.

3) Why does Emirates not allow seasonal increase in capacity to Indian carriers during peak seasons like the summer holidays, and festivals like Diwali, Christmas etc.

4) Why not calculate the total contribution to Dubai's economy buy 50% of its population who are Indians. On that count alone Indian carriers' capacity should be more than doubled !!

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Liverpool FC set to open first MidEast shop in Abu Dhabi

Premier League football giant Liverpool is set to open an official shop in Abu Dhabi store, with a free in-store event to be hosted by club ambassador and former striker Robbie Fowler.The event will take...

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Posted by: Fentoni Sep 25, 2016 9:18 AM [UAE]

I would have thought a first store in Dubai would make more sense, it's not as if Liverpool has a special connection with AD in the same way as say Man City. Good to see Liverpool here in the UAE though, more money to help with the stadium expansion, 59,000 capacity within 18 months.

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Former Gulf emirate official held in Saudi Arabia over alleged fraud

A former senior official of a key development body in the Gulf emirate of Ras Al Khaimah has been arrested in Saudi Arabia over an alleged $1.5 billion fraud, his lawyers said on Wednesday.Khater Massaad...

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Posted by: Fentoni Sep 25, 2016 9:18 AM [UAE]

Q. What's Khater Massaad's least favorite ACDC track?
A. Back in RAK.

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Registration is now closed for Arabian Business StartUp Academy on 22 September

Due to an overwhelming response, registration for the Arabian Business StartUp Academy ‘How to Scale Up A Business’ is now closed.The event will be held at the Constellation Ballroom 2, The Address Dubai...

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Posted by: Satyen Humane Sep 22, 2016 1:07 PM [India]

Live Webcast : The third in this year's series of Arabian Business StartUp Academies is taking place now at the Address Hotel Dubai Marina.

FB - https://www.facebook.com/ArabianBusinessStartup/videos/1795773294032515/

Periscope: https://www.periscope.tv/ArabianBusiness/1eaKbXAADYeJX

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