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Last Updated: Wed, Dec 17 2014 | 7:28 PM |

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Video: Dubai valet smashes $46k Ford Mustang into wall

A video clip has emerged on website Youtube of a Dubai valet losing control of Ford Mustang and crashing the AED170,000 ($46,000) luxury car into a wall.Click here to see the footageDutch expat Antoine...

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Posted by: whatever Dec 16, 2014 9:09 AM [uae]

You must be paid too much SA1

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Kuwait Airways to receive first new planes in 16yrs

Kuwait Airways (KAC) is expecting to receive two leased Airbus aircraft this week in what will be the airline’s first fleet expansion in 16 years.The A320s, the first of 12 to be leased, are due to arrive...

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Posted by: Oswald Saldanha Dec 16, 2014 9:09 AM [Toronto, Canada]

KU needs to lease a few 777 aircrafts ASAP and open up routes to NewYork and Toronto, for starters thrice weekly.
These flights will generate through travel to South Asia on KU

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Kim Kardashian said to have accepted $1m offer to party with Saudi prince

US reality star Kim Kardashian has reportedly accepted a $1m offer to go partying with a member of the Saudi royal family, several online media have claimed.The Saudi prince made the offer in a comment...

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Posted by: Kelly Dec 16, 2014 9:10 AM [USA]

I dont understand? Why do these billionaires love to pay so much money just to see these kind of celebrity. I mean they are rich too!! they dont need the million. I say, go and invite a "nobody" to dinner and pay them a million dollar for doing. Now, that I will can have some respect for these guys.

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Dubai, other Gulf markets rebound on stronger oil

Several Gulf stock markets, led by Dubai, rose in early trading on Monday after the price of oil recovered slightly.Brent crude climbed above $62 per barrel on Monday, after hitting 5-1/2-year lows of...

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Posted by: Simon Dec 16, 2014 9:12 AM [Dubai]

Oil has further to go yet. It may not be this week but its coming. The market has not found its level yet...and...as UAE Oil Minster says...the market will set the price. They are prepared for $40/brl...therefore, you would expect that $40/brl or close is achievable before a stable price is discovered.

Someone, somewhere wants to test the 'majors' around the world for whatever reason. That is obvious...

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Should I or should I not do an MBA?

It was a very busy morning, when my phone rang and displayed an unknown number from abroad. What a pleasant surprise! It was a good old friend, who I haven’t spoken with for the past fifteen years. We...

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Posted by: Mazin Al Bakri Dec 15, 2014 6:59 PM [Norway]

very interesting as a father , I forwarded this article to my three young men (sons).

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Dubai prime office rents rocket amid strong demand

A shortage of prime office space in Dubai, which is being underpinned by robust demand, has translated into strong upward pressure on rents across the city, Cluttons said in a new report on Sunday.The...

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Posted by: Trevor G. Dec 15, 2014 2:43 PM [Dubai]

I have been working in Dubai in commercial leasing for the last 6.5 years, this article is wildly misleading and does not accurately reflect the Dubai commercial leasing market in 2014, the annual rents given are asking rents and not actual rents and the average price per sq.ft. for Grade A commercial on SZR is AED 140/150 psf! There is nothing over AED 200 psf with exception to Emirates Towers which has been averaging AED 300 psf the last few years! DIFC has been asking between AED 200-350 per sq.ft. for a long while now and Burj Khalifa Downtown has been at between AED 200 - 235 psf for fitted Grade A again for the last few years....so no changes there! As for Business Bay, U-Bora Tower tops the highest asking rents for Grade A at AED 180 psf with AED 110 - 130 psf being the average for the rest of the Bay. In a nutshell the Dubai Office lettings market this year has been very slow and dull for most of us commercial brokers!

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Video: Crown Prince wingwalks over Dubai

Dubai’s Crown Prince, Sheikh Hamdan bin Mohammed, took to the skies over the city at the weekend, wingwalking with UK-based Breitling Wingwalkers.Click here to see the videoThe Gloucester-based aeronautic...

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Posted by: leo50 Dec 15, 2014 2:43 PM [United Arab Emirates]

Respect to a braver man than me!!!

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Focus: Why oil prices are so unstable

The inherently cyclical nature of some commodity prices has fascinated economists since the late 19th century but still continues to catch both investors and producers unprepared.Regular and apparently...

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Posted by: khdmohd - energy Consultant Dec 15, 2014 2:43 PM [UAE]

All GCC will be able to sustain lower oil prices as low as 25$/B
because for the last 5 years the oil prices were above 75$/B and all GCC have invested heavily in many projects .
In general the way the revenues of oil were invested will show the world how wise were the ruling parties in the GCC.
The best way to deal with this economic issue is that the real union " GCC Union " take place sooner .

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Dubai modifies hotel classification scheme, to launch in Sept

Dubai’s Department of Tourism and Commerce Marketing (DTCM) has modified its hotel classification scheme, with implementation coming in September, it was reported on Wednesday.According to Khalid bin Touq...

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Posted by: Ali Dec 15, 2014 12:35 PM [UAE]

Does anyone know if this is now available?

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ISIL beheads four men for blasphemy in Syria

ISIL's self-declared police force in western Syria decapitated four men after accusing them of blasphemy, a rights group monitoring the Syrian conflict said on Saturday.The men were beheaded in the countryside...

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Posted by: Billy Dec 15, 2014 12:35 PM [UAE]

How can any rational thinking human being support these brutal, self serving monsters. They are doing untold damage to the reputation of Islam globally. It really is time for all the world, especially all Muslims to stand up and disown these people. Isolate them from the true Islamic faith and stop the young flocking to them.

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