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Last Updated: Sun, Feb 7 2016 | 5:43 AM |

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1

UAE to build $3bn alumina refinery by end-2017

State-owned Emirates Global Aluminium plans to spend $3 billion to build the United Arab Emirates' first alumina refinery in Abu Dhabi, chief executive Abdulla Kalban said on Tuesday.Feasibility studies...

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Posted by: Gary McNeish Feb 7, 2016 8:46 AM [UK]

What is being done for the recycling of Red Mud? I have contacted EGA several times requesting information on the recycling of the Red Mud. As of today i still have not received an answer.

And why is it so hard to contact: Abdulla Kalban?

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6

Deported expats will face GCC-wide ban

Expats deported from one of the GCC countries will be banned from entering any of the other member countries, according to the General Directorate of Residency and Foreigners Affairs Dubai (GDRFA).Gulf...

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Posted by: Gkamath Feb 7, 2016 8:46 AM [India]

What if the person is asked to look for job out on the promise that a release will be granted and then the employer reports absconding and gets him a ban? I thought UAE was smarter than this. Because law is violated in most of the other 6 GCC countries.

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3

'Smart people will buy smart schemes, even if market is flat', says top UAE developer

Low property prices and flat demand will not affect sales of high quality housing in Dubai, the chairman and CEO of Dubai developer Meydan Group insisted this week.Saeed Al Tayer sought to allay concerns...

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Posted by: Mike Bray Feb 6, 2016 4:50 PM [Globus Infinitium]

Illusion can be very powerful. Business as usual has usually worked for Dubai...businesswise that is...usually. Who wants market maturity, when it seems that creating the next newest superlative is just as or even more effective?

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2

flydubai says committed to moving ops to Al Maktoum airport

Dubai’s low-cost carrier Flydubai has confirmed it will move to Al Maktoum International airport at Dubai World Central (DWC) at some point before 2020.Sheikh Ahmad Bin Saeed Al Maktoum, chairman of Flydubai...

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Posted by: Ahmed Feb 6, 2016 9:44 AM [UAE]

What FlyDubai could do now is to completely move flights to the subcontinent region to Terminal 4. This would move a considerable amount of flights to that terminal and leave all GCC flights, middle-eastern flights and Caucus flights at Terminal 2. I think that would almost be an even split and would help to eliminate the crowds at Terminal 2.

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21

Damac chief to “go naked on TV and resign” if Dubai’s gloomy property predictions realised

The head of Damac has threatened to “go on TV naked and resign” if the worst predictions about Dubai’s property market are realised this year.Ziad El Chaar, the Dubai developer’s managing director, made...

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Posted by: Scott Bosco Feb 6, 2016 9:45 AM [Canada]

Hey Genius - before you make comments on markets such as Toronto perhaps you should be accurate . Let me correct you.

The Toronto market has been growing steady in past 15 years due to strong demand and yes , low interest rates. However purchasers need to deposit at least 20% in most cases. There are programs that allow 5% deposits but these are based on very good credit reports. Toronto rents are very strong and vacancies are very low - less than 1% in most buildings. The market is one of the rare ones that did not suffer during the 2008 crisis due to the fact banks did not have exposure to bad debts.

I worked in Dubai real estate for over 10 years and I can tell you the "end user " market is just about at the heights now.

Keep pumping the market there as most in the industry do. The smart money won't buy it this time.

Lastly , Toronto, London, and New York are major markets in world class countries - Dubai is really not in same league ....

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1

Danube Properties says 85% of $82m Ritz Dubai sold

Dubai's Danube Properties announced it has sold off 85 percent of the 452 units at its recently-launched Ritz project.Danube Properties is a part of Danube Group, a building materials supplier in the GCC...

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Posted by: Scott Bosco Feb 6, 2016 9:44 AM [Canada]

Don't be fooled by this success. From word on the street - or sand- I heard:
This is similar to their last launch where they sold out in a day. These were investor deals, heavily discounted , and almost definitely sold to one party who will end up flipping. The developer usually also offer very accommodating payment terms to the lead investor(s) so they can be one step ahead of the next buyers payment structure. In the end they will be pseudo-staff accommodation units stacked to the room with beds.

"There is not a chance that 85% of 452 units were sold to real buyers - especially in a low quality area such as Al Furjan in a market with decreasing demand." Quoted by a broker who should know.....

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1

Getting more Qatar start-ups to the finishing line

It has been just over one year since Qatar Business Incubation Center (QBIC) opened its doors to budding entrepreneurs as part of plans to diversify the oil-rich state’s economy.To date, around 40 start...

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Posted by: Dr. Tukur D.M.Z Feb 4, 2016 4:32 PM [Nigeria]

I would like to know if Qatar Business Center (GBIC) can open its doors to entrepreneurs from Africa ?

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6

Dubai Police urges car seizures if driver is on phone

Motorists should have their cars confiscated if they are caught using a mobile phone while driving, according to Dubai Police.And the fine should be increased from AED200 to AED1,000, it added.The traffic...

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Posted by: Ed B Feb 4, 2016 2:43 PM [UAE]

Couple of weeks ago I noticed a police rescue vehicle driving very slowly on 52c street in Al Baada, and then taking a sudden right turn without using indicator.

I was not surprised when I saw the driver... he was busy typing messages on his phone..... Until today, I am sure he has no idea that he almost pushed a bicycle rider to the ground!

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30

“You’re dead before you start”: Top UAE start-up lashes out at local business environment

The co-founder of one of Dubai’s most successful start-ups has hit out at the business landscape of the region, saying that new companies are not receiving enough support.Joy Ajlouny, who runs delivery...

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Posted by: Scott Wolf @ Grace Century FZ LLC Feb 4, 2016 11:34 AM [U.A.E.]

Every Start-up has its own challenges. For the most part, I find the environment very supportive here in the U.A.E., with the exception of the interaction with banks. The fact that firms have fled and left unpaid debts has put excessive scrutiny on the ones that are here. We have been in business for more than five years and to get a Business credit card demands a mountain to move. But I have a news flash for you...its like that virtually everywhere in the world after 2008!

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2

Hong Kong cabin crew object to Emirates flag pin policy – report

An Emirates policy that requires cabin crew from Hong Kong to wear Chinese flag pins is causing a stir in the Asian city.The policy, which was put in place in March last year, means that staff must wear...

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Posted by: MT3 Feb 4, 2016 11:34 AM [UAE]

Hong Kong is a special administrative region within China and as such an autonomous state existing within the sovereignty of PRC; it has it own laws, government and its own flag. It is clearly not "just a city in China". Well trolled, Den.

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