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Last Updated: Fri, Apr 29 2016 | 3:08 PM |

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Damac's Sajwani said to see fortune soar 20% to $3.9bn in 2016

The founder of Dubai's Damac Properties has seen his net worth grow by 20 percent this year to $3.9 billion, according to the Bloomberg Billionaires Index.The index said falling prices in the Dubai property...

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Posted by: Mohsen Bishara Apr 25, 2016 6:20 PM [UAE]

It's a good dream.

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Pressure is on for Dubai's hoteliers

The GCC hotel industry has undergone considerable change in recent years. But the ongoing downturn in revenue, influenced by multiple factors, is expected to be a dominate topic at this week’s annual Arabian...

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Posted by: Telcoguy Apr 25, 2016 6:19 PM [Spain]

True to an extent, this time the ability to pump money into the economy is much more reduced due to low oil prices that seem to be here to stay for a while.

But then again, maybe this time this will be used as an opportunity to trigger a number of reforms that are badly needed to get this region on a sustainable growth track.

Let's see.

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1

Ajman fire in March ‘caused by shisha coal’

A fire that broke out at a residential tower in Sharjah last month was caused by coal used to smoke shisha, it was reported this week.The fire on March 28 destroyed homes when it spread to other towers...

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Posted by: Unimportant Apr 25, 2016 6:19 PM [Mena]

Great but we need to address thoughtless acts and lack of training as well. Who is going to check licensing and training for operators and maintenance people? Who's going to teach people not to throw away their fire, ashes, cigarette buts, who is going to tell contractors not to leave surplus and waste materials?

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UAE telcos 'urged to permit internet calls'

The UAE’s two telecoms operators should free up internet-based calling services and update their business models, technology experts have reportedly claimed.Both Du and Etisalat this month blocked Snapchat...

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Posted by: Mark Apr 25, 2016 1:06 PM [Taiwan]

Saudi Arabia and the UAE block Whatsapp, Line and FaceTime calls. All that money from oil and they do not let people call home. Whether it be tourists visiting or expats working in the UAE, people need to call home and having a ban on this is not good.

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Saudi Arabia wasted up to $100bn a year prior to oil price slide – official

A senior adviser to Saudi Arabia’s deputy crown prince, Mohammed bin Salman, has revealed the level of inefficient government spending in the kingdom prior to the collapse of the oil price.In an interview...

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Posted by: Constantinos Schizas Apr 25, 2016 1:06 PM [KSA]

I'm not surprised. The contractors have been working for over 4 years on the Istanbul road leading North out of Riyadh. Building and demolishing, spending money without anyone asking why. In other places building underpasses only to demolish part of them to accommodate facilities for the metro. No coordination, no master plan, nothing. It's like a headless master trying to improve the infrastructure of Riyadh.

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From bricks to clicks: Rashid and Salama Alabbar

Behind the doors of an unassuming warehouse in Dubai’s Al Quoz district, a quiet revolution is taking place. For the next generation of the city’s celebrated Alabbar family, one sector is coming sharply...

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Posted by: Peter Cooper Apr 25, 2016 1:07 PM [United Arab Emirates]

It will be interesting to see if they keep the business or sell it when the valuation is excessive relative to the realistic long-term outlook. That's what many successful dot-com entrepreneurs have done around the world. Elon Musk is an example of serial e-commerce start ups... maybe this is the way forward...

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Entrepreneur of the Week: Mona Tavassoli, founder of Mompreneurs Middle East

Mona Tavassoli, our latest Entrepreneur of the Week, has elevated the concept of mompreneurship in the region by actively working on helping more than 500 Dubai-based female business owners to successfully...

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Posted by: Steve Parker Apr 24, 2016 9:23 AM [England]

Great to read. Always been helpful and great to work with even from our UK base and we are pleased to feel like part of her team - even from afar. Looking forward to our next ventures and visits.

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3

Wael Al Sayegh on running an SME in the UAE

When people find out that you have become an SME owner it gives them a certain image of you, perhaps as a visionary leader, regardless of whether or not you have any idea what you are actually doing!Now...

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Posted by: Wael Apr 24, 2016 9:18 AM [UAE]

Thank you Shey! Very kind of you to share your thoughts.

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Etihad denies Air Malta equity investment reports

Etihad Airways has denied the latest reports linking it with a possible equity stake investment in Air Malta.Malta’s prime minister Joseph Muscat told local reporters this week that Air Malta was in discussions...

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Posted by: John Smith Apr 24, 2016 9:18 AM [Malta]

There was an article iwhere the Prime Minister officially clarified that he had not concluded any deals with Etihad Airways, it must have been a misunderstanding.

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Emirates boss 'often travels in economy', says Clark

The president of Emirates Airline has revealed that his boss, Sheikh Ahmed bin Saeed Al Maktoum, often travels in economy class.In an interview with the BBC, Sir Tim Clark surprised the interviewer, saying...

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Posted by: kallan Apr 24, 2016 9:16 AM [Bahrain]

I recall the CEO of Cathay Pacific was travelling first class and on a stop over in Bahrain, a passenger who had paid full fare for his first class ticket was without a seat. The CEO gave up his seat and moved into the economy. So the Emirates boss too is a good CEO who cares not for his personal interest but the airline.

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