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Last Updated: Sat, Aug 30 2014 | 1:13 PM |

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7

Dubai needs 30,000 new homes by 2018 to maintain rent stability

Dubai needs to build an additional 30,000 residential units through to 2018 to maintain rent stability in the emirate, a new report claimed on MondayPhidar Advisory said in a research note that residential...

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Posted by: Telcoguy Aug 28, 2014 9:04 AM [UAE]

@Maro I do not think your analysis is correct. Properties are empty because owners are not willing to rent them at a lower price. If this is due to a sound financial analysis or not, I can not answer. It would depend a lot on the concentration of ownership, the cash position of the landlord, and also on the average time (and variance) apartments are empty

I too see the same empty windows (we had readers questioning the use of this proxy btw), I actually see more dark windows not than 6-8 months ago, but rental prices are probably still on the rise. Blaming the RE agents (and I find them as unprofessional as everybody else) for the owners decisions is pushing it too far methinks

Anyhow I would appreciate an explanation of what is going on and some numbers to back it up

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1

Saudi Arabia to axe maternity leave for teachers

The Saudi Ministry of Education has warned it may axe maternity leave for teachers and other school staff, local media have reported.The ministry informed school principals in a letter sent this week that...

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Posted by: Bok Aug 27, 2014 6:07 PM [ksa]

Article 151: A working woman shall be entitled to a maternity leave covering the four weeks immediately preceding the expected date of delivery and the subsequent six weeks. The probable date of delivery shall be determined by the physician of the establishment or by a medical certificate authenticated by a health agency. It shall be prohibited to employ a woman during the six weeks immediately following her delivery. "Everybody including gov t bodies are not to be exempted from the laws of the land".

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1

Developer forced to scrap “Isis Downtown”

A developer in Florida has been forced to change the name of its flagship project “Isis Downtown”, after its association with the terror group.According to the Palm Beach Post the West Palm Beach site...

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Posted by: AKJ Aug 27, 2014 2:03 PM [India]

Will the ancient Egyptian Goddess 'Isis' also have to change her name

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38

Schon says deal signed to complete delayed Dubai Lagoon

The company behind the troubled Dubai Lagoon project said on Wednesday that it has secured AED339m ($92.2m) to enable the much delayed scheme to be completed.Schön Properties described the deal as a "turning...

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Posted by: Neeil Bhatia Aug 27, 2014 1:12 PM [United Arab Emirates]

I remember depositing in 2006 for Dubai Lagoon. It's 8 years now and yet incomplete. Really embarrassing that such projects are entertained in UAE.

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1

Saudi Aramco to invest $400bn to keep oil production steady

Saudi Aramco has announced plans to invest $40 billion a year over the next decade to keep oil production capacity steady and double gas production.President and CEO of the world’s largest oil producer...

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Posted by: Ferdinand E. Banks (Professor) Aug 27, 2014 1:11 PM [sweden]

Another valuable article, although I am not sure that a scarcity of oil has appeared yet. The main Point of interest to me is this matter of finding competent engineers and technicians. Everybody seems to be complaining about that, but the reason is simple. The primary and secondary schools are not receiving the attention that they should receive.

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3

Why the global recovery is so slow

The International Monetary Fund recently engaged in what has become an annual ritual. For the fourth year in a row, it reduced its forecast for world GDP growth. The 0.7 percentage point average decline...

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Posted by: vicky Aug 27, 2014 9:13 AM [Canada]

Let it be slow. Nobody wants a steroid driven recovery that will collapse in short time with disastrous consequences. We need realistic, organic growth but I guess people are not realistic anymore.

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1

TECOM Investments plans new 440-villa community in Dubai

TECOM Investments announced on Tuesday the launch of Villa Lantana, a freehold villa community located next to Umm Sequim Road in Al Barsha South, Dubai.The company said construction is currently underway...

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Posted by: victory red Aug 27, 2014 9:12 AM [UAE]

All sounds great on paper and the marketing blurb will show landscaped gardens, schools, pools etc..... I hope they deliver on their promises.

Having bought a property in Sports City, who can answer what has happened to all the promised facilities including large scale retail, sports facilities (David Lloyd tennis centre is just a big hole 30 feet deep....). All the schools and health centers/hospitals are simply non-existent.

What can be done to force developers to deliver on their promises?

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1

SSP enters Abu Dhabi’s Terminal 3

Europe and Asia's leading operator of food and beverage brands in travel locations SSP has signed a three year contract with Abu Dhabi Airports Company (ADAC) for exclusive management of all outlets within...

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Posted by: Rinjing Lama Aug 27, 2014 9:13 AM [Nepal]

Ya,All the services provided by the company for the customers are good . And, the main aim is to provide wonderful moment in their journey by providing proper services in food and beverages with quality and quantity too,proper management,cleanliness,friendliness,peaceful environment,etc.
Here you will have no comment in your order too.
As, I am also one of the staff here from Nepal.
I love this company and management very much. They all are good too.

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2

UAE construction worker sentenced to death

A construction worker has been sentenced to death after admitting to friends he pushed his supervisor from the top of a building site in Abu Dhabi after police closed the case as an accident according...

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Posted by: Rasha Khalifa Aug 26, 2014 2:01 PM [United Arab Emirates]

It's a newspaper article, so they will state the "facts" and that includes the intimate details. It's being informative and will not be held responsible for human perception; such as racism. If matters that are being reported include repetitive patterns towards a specific group of people or things, we need to embrace it and identify the root-causes, instead of turn a blind eye, encourage ignorance and live in self-denial. It all comes down to managing our emotions.

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13

Hundreds arrested over Etisalat phone scam

Dubai Police has fined several hundred fraudsters for duping Etisalat customers into transferring their calling credit and traders offering to sell credit for a fee over the last two years, the director...

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Posted by: Umesh Rao Aug 26, 2014 2:02 PM [Sultanate of Oman]

I have faced a similar situation with Nawras as well. I tried to report a fraud to them and the only reply was that I should approach the police. They are just not bothered.

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    UAE teens among the highest for obesity rates

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    Thursday, 28 August 2014 9:05 AM - Telcoguy
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    World's most pierced man refused entry to the UAE

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    Baby NOT on board?

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