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Last Updated: Wed, Oct 22 2014 | 4:16 PM |

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1

Nearly 12,000 Dubai jaywalkers fined during Q3

A total of 11,745 jaywalkers were fined AED200 ($54) each for crossing the road at undesignated areas, while 39,203 vehicles were fined for dangerous driving in the areas of Deira and Bur Dubai, Dubai...

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Posted by: nice Oct 22, 2014 1:00 PM [UAE]

It would be helpful if someone (perhaps AB) could clarify the law. Is the law that one may not cross the road any time / anywhere other than at a designated crossing - which for me would mean that I will struggle to leave my home on foot -

or does this only apply to particular places / roads / where there are designated crossings

or is this totally unclear in the law

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1

UN questions Israel on Palestinians' rights

UN experts questioned Israeli officials on Monday over alleged rights abuses ranging from the demolition of Palestinian houses and the expansion of Jewish settlements to limited Palestinian access to water...

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Posted by: Billy Oct 22, 2014 9:09 AM [UAE]

If any other country in the world had committed and continued to commit these illegal and immoral acts then sanctions would have been imposed years ago. They would have been forced to address issues and not be allowed to simply ignore UN recommendations. BUT this is Israel and they have the blind 100% support of the USA so they know they can act with complete impunity. This surely must be starting to embarrass even the ultra thick skinned Americans. When will they see that one of the biggest roadblocks to the peace process in this region is their unconditional support of Israel.

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16

StanChart set to close bank accounts of thousands of UAE small businesses

Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money...

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Posted by: Kazem Ghouchani Oct 22, 2014 9:08 AM [Iran/USA]

I was their customer for more than 10 years! While I was away from UAE, They have closed my account and they gave me less than 2 weeks notification. I am now in US. They are refusing to transfer my balance to my US account. They are also refusing to talk to my attorney regarding this issue! I have been told that I will receive a check issued under my name! I won't be able to travel to UAE at the moment and I can't use the check since I don't have any AED account elsewhere.
What I suggest to the management is, if you want to close the accounts at lease be more helpful regarding settlement of the balance! otherwise you give an impression that you are actually taking advantage of this situation by holding our money hanging in your bank!

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1

Burj Al Arab designer on why she initially turned the project down

It would seem that famed interior designer Khuan Chew (pictured below) has had an uninterrupted string of successful projects not only in the Middle East, but in other regions as well. While the path she...

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Posted by: Veronica Chapman Oct 22, 2014 9:05 AM [U.A.E.and U.K.]

The vision you had to make the Burj Al Arab an Icon.........people come to visit the grandeur of it from different corners of the world.

The colours are just mind blowing, but also very relaxing....
I salute you because for a lady to bring this to the U.A.E. Is absolutely wonderful........I'm sure we will be seeing a lot more of your work......you are a real artist.

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1

Abraaj aims to seal deal soon for Saudi fast-food chain Kudu

Private equity firm Abraaj Group hopes to conclude a deal soon to buy a majority stake in Saudi fast-food chain Kudu alongside TPG Capital, a senior Abraaj executive told Reuters.The Middle East's largest...

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Posted by: Altamash Javed Oct 22, 2014 12:59 PM [UAE]

I used to love KUDO. Spent most of my life in Saudi Arabia. I was surprised to see it not do well at all in the UAE and eventually close down.

20 times 2013 earnings...seems rich...

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4

Dubai prosecutor seeks harsher sentence for Nasr drink-driver

Dubai’s public prosecution has appealed against the one-month sentence given to the drunk driver who ran down and killed former Arab triathlon champion Roy Nasr, it has been reported.Fifty-year old Roy...

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Posted by: Omar Oct 22, 2014 9:05 AM [Uae]

I am schocked as well. But the court knows better. They knew the facts than we are. Drunk driving is one thing and is punishable by law, so is killing a person. But accident is another thing. If it is indeed an accident, we do not know. Hence, it is hard to make a swift judgment and criticize the court.

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1

UAE 'takes first steps' to launch unmanned Mars probe

A seven-year journey to send a UAE unmanned spacecraft to Mars was officially launched on Monday with Sheikh Mohammad Bin Rashid Al Maktoum describing the project as "a source of Arab pride".In a series...

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Posted by: ABDULLAH OBAID Oct 22, 2014 9:05 AM [UAE]

WE THE NATION OF THE UAE HAVE GREAT DREAMS , AND IT ALWAYS BECOME A TRUE LIVING FACTS WITH THE GRACE OF( ALLAH) AND THE HARD WORK OF OUR GREAT RULERS AND PEOPLE , AND WE ARE PROUD OF OUR ARABIC AND MUSLIM IDENTITY

THANKS TO SHEIKH MOHAMMED

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1

Education regulator to close Abu Dhabi school after schoolgirl tragedy

A school in Abu Dhabi, with 2,200 pupils in primary and secondary education, is to close at the end of the current school year, when its operating licence will be revoked.The National newspaper reported...

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Posted by: Concerned parent and investor Oct 22, 2014 9:04 AM [UAE]

While this child's death is truly a tragedy, closing a school that supports 2200 kids and doesn't provide the transport responsible for this death seems strange. The school has some responsibility to work with the transport providers to ensure a safe product up to a safety check of the vehicles and a walk-thru when they drop off children at the school. Ultimate responsibility falls to the transport provider and the parents to have a working relationship and communication channels in place for taking care of children. Closing this school doesn't solve the problem of careless bus drivers. Technology exists to prevent these issues and ADEC should require all buses that transport children to adapt these technologies immediately or cease operation. Closing this school does send a message to future investors that there isn't a fair market regulator and will potentially prevent future investment in this essential sector. Fine the school, force corrective measures, don't close it!!

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7

Dubai house prices, rental growth slows for third straight quarter

Dubai's real estate sector witnessed further stabilisation and a slowing down of both rental rates and sales prices in the third quarter of 2014, Asteco said in a new report on Sunday.The real estate consultants...

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Posted by: Howlowillitgo Oct 21, 2014 7:20 PM [UAE]

I can only give anecdotal evidence from what I have seen but let's just say you know what way it is going when a villa in Arabian Ranches on the golf course is being offered for $6.2m after previously being listed at $7.6m. Same all accross the Arabian Ranches - Saheels going for below $4m again but all were above $4.5 last Nov/Dec time.

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1

StanChart to drop UAE SMEs with annual sales of less than $10m

Standard Chartered is planning to close the bank accounts of thousands of small companies in UAE which have annual revenues of less than $10 million and which have been deemed as “non-strategic businesses...

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Posted by: Pankaj Shah Oct 21, 2014 7:20 PM [UAE]

The UAE Central Bank needs to step in & take note of this totally unprofessional conduct on the part of Standard Chartered. What is really shocking is that the Bank closed a customer's account without any warning. What happens if his cheque bounces as a result . Does he go to jail ?

Mr. Al Ghurair, Chairman of UAE Banks' Federation was reported in this column saying that UAE was not ready to Decriminalise bounced cheques. What happens in a case like this where the customer is not at fault but the bank is? Will the bank pay a penalty for sending a customer to jail ? The UAE authorities & Mr. Al Ghurair need to take this matter REALLY SERIOUSLY and tackle the lacunae in the laws that favour big banks and put SMEs & individuals at a distinct disadvantage.

They also need to address the issue of Credit Card interest rates bordering on Usury. What is really difficult to understand is why in a Muslim Country such exploitative practices ( up to 30% interest ) is tolerated. Unfair !

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