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10

UAE could ban smoking in all public places

The UAE is proposing a total ban on smoking in public spaces by the end of 2016, according to reports.The National Tobacco Control Committee of the UAE will make a proposal to amend the Federal Tobacco...

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Posted by: Jeff Bustlethwaite Jun 23, 2016 2:52 PM [UAE]

I like the current set up, where the hotels still offer smoking rooms and there is a bar or club where you can smoke in the hotel, with the other venues staying non-smoking. It's easy to avoid smoky places here or enjoy smoking if that's your thing. Banning smoking everywhere is a step too far.

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3

Dubai, Abu Dhabi among world's most expensive cities for expats

Dubai and Abu Dhabi again have been named in the 25 most expensive cities in the world for expats.Dubai placed 21st in the annual Cost of Living Survey from consultancy firm Mercer, while Abu Dhabi was...

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Posted by: Telcoguy Jun 23, 2016 1:38 PM [Spain]

They are surprisingly quiet, I kind of miss them.

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2

Zurich says paid out $67m in MidEast claims over past 2 years

Zurich’s life business in the Middle East has released claims statistics which reveal is paid out AED 246 million ($67 million) in critical illness and life cover claims between January 2013 to December...

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Posted by: Telcoguy Jun 23, 2016 1:38 PM [Spain]

This is life insurance, unless there is a really weird thing going on, this is a really strong increase because the payments are not directly related to last year premiums but they are a weighted average of all the cohorts. You would need to understand the average contract length (at least) to put things in perspective, maybe people are getting insurance with preexisting conditions and paying premiums for a very short time, maybe this is related to the recent changes in health insurance requirements and nothing wrong here.
Or maybe there is a strong deterioration on public health, it is impossible to know from these figures but they look weird for sure

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2

Warner Bros theme park under construction in Abu Dhabi

Initial work has begun on a Warner Bros theme park in Abu Dhabi, after construction contracts were awarded in recent months.A site on Abu Dhabi’s Yas Island is being prepared for construction and the theme...

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Posted by: Christian Aberle Jun 23, 2016 1:38 PM [Germany]

With due respect, I need to contradict you on that score. The world's Americanization does not exist anymore in its original shape. It became the world's Capitalization which is almost synonymous to Americanization, though. Unfortunally this Capitalization become a business "religion", an idiology manipulating people to an extent that they become consumer slaves. Money has become the god of mankind, that is the real issue, thus having a big impact on world's cultures.

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1

Saudi regulator bars Deloitte from auditing listed companies for two years over MMG case

Saudi Arabia's market regulator said it has barred the local unit of New York-based accountancy firm Deloitte & Touche from providing accounting services for listed companies in the kingdom for two...

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Posted by: khalid Jun 23, 2016 8:00 AM [uae]

good start from the authorities. hope they can do it to ALL companies.

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4

One month until compulsory health insurance deadline in Dubai

Families in Dubai have a month to take out compulsory health insurance, said the Dubai Health Authority (DHA).Failure to obtain cover could result in fines of AED500 per month for each dependent, which...

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Posted by: khalid Jun 23, 2016 8:00 AM [uae]

you are right about that....its the famous 'starting from' which is only in very small cases. i could not get less than aed 2000/-

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1

Alghanim plans to bring US fast food giant to Saudi Arabia

Alghanim Industries, one of the largest private companies in the Gulf region, has announced plans to expand the Wendy’s restaurant brand into Saudi Arabia.The company said in a statement that the first...

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Posted by: Nezaud Jun 23, 2016 8:01 AM [Saudi]

This is the second comeback for Wendy's to the Saudi market.

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56

Uncertain future for troubled Dubai Lagoon project

Property investors and developers tied up in the troubled Dubai Lagoon project have reached a stalemate over how to move forward, with each blaming the other for the lack of progress on site.The AED3bn...

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Posted by: Skeptic Jun 23, 2016 8:01 AM [UK]

What a joke. The Schon family are notorious crooks who have been living off the funds that they have stolen from the apartment pre-sales for years. Where is RERA? Where are all the regulations that the government keeps touting? Where are the investor protection measures?

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1

First Saudi-built Renault trucks roll off assembly line

The first Saudi-built Renault truck has rolled off the assembly line of Arabian Vehicles & Trucks Industry Co Ltd (AVI), based in King Abdullah Economic City.A milestone for AVI and for the French...

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Posted by: peter andala Jun 22, 2016 6:41 PM [saudi arabia]

congratulations for the achievement.

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2

Dubai, Abu Dhabi see marginal average rent rises during May

Real estate markets in Dubai and Abu Dhabi witnessed marginal growth in property prices during May, according to a new report by Bayut.Compared to April, average apartment rents in Dubai grew 1.57 percent...

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Posted by: Telcoguy Jun 22, 2016 5:28 PM [Spain]

@Nick, you should be careful when reading these kind of numbers. Leaving aside data quality issues (always relevant in the GCC) you need to look behind the curtain.

Rents could go up for each category but there could also be a change in the mix, with smaller apartments replacing larger (and more expensive ones) If you want another example, Spanish firms have higher productivity than German ones on each group size, however Spanish productivity is lower than Germany's because of the different mix.

Or you could increase average rents while reducing the number of units rented.

I really do not know what is the real estate situation right now in Dubai, I will check after Ramadan but by now people should have learnt to take the analysis coming from interested parties as what they are, pure advertising. If you want to get quality analysis on any topic you should be ready to pay for it and you should try to get it from someone who is not an actor in the market with a very clear agenda.

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