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1

Dubai urged to relax bankruptcy, bounced cheque rules

Authorities in Dubai are being urged to relax the criminal implications of bankruptcy and bounced cheques as part of a strategy to enable the emirate, as a financial and trading hub, to reach the next...

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Posted by: Robert Carter Jan 29, 2015 5:48 PM [UK]

Most CIVILISED Countries make such bounced cheques and other financial matters Civil torts and NOT Criminal, unless there is a clear fraud. It is long overdue that UAE and others in Mena region made the same changes. In the UK it is 150 years or so since they abolished "debtor prisons" ,now they deal with it in Civil way in Civil Court. Maybe UAE will catch up shortly ?.

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1

Saudi Arabia hits out at 'false' reports state TV blurred image of Michelle Obama

The Saudi Arabian Embassy in Washington has hit out at false reports claiming Saudi state television blurred out images of Michelle Obama as she visited Riyadh with her husband to met with new Saudi king...

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Posted by: Billy Jan 29, 2015 3:57 PM [UAE]

She could and should have worn a small headscarf to show respect. It would have been extremely well received on this formal official occasion. Poor form USA

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20

The Big Debate: Can Gulf governments reduce their dependency on expats?

Getting the right balance between expatriate workers and the local minority has long been a struggle for many Gulf governments.Saudi Arabia has already introduced strict Saudisation policies and issued...

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Posted by: guy james Jan 29, 2015 3:57 PM [uae]

I think the "Locals" need to step up and stop depending on their governments for handouts and welfare jobs.

There is a new breed of Nationals across all sectors who are willing to slog it out , put in the work and effort to succeed

Some of the blame for so called lazy Locals fas soely with the govt educational systems , which discouraged teaching in Engish ( to maintain cutural identity) , schools staffed by poorly paid and unqualified teachers- with the majority of high school graduates not speaking conversational Engish.
What jobs are these poeple supposed to take up in a cut throat job market

In Abu dhabi- ADEC has made significant investments for the upcoming generations and if the plan is followed through will achieve great resuts in the next 10-15 years

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1

Saudi's Bateel confirms equity fund deal to drive global growth

Bateel, which makes chocolate-covered dates and other delicacies, has agreed a partnership with L Capital Asia, a luxury goods-focused private equity firm backed by LVMH Moët Hennessy Louis Vuitton .The...

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Posted by: Solly Jan 29, 2015 3:00 PM [UAE]

Ironic. So I suppose the "Moet Hennessy" part will be described as something to do with grape juices, in much the same way as Dubai World's investment in LV casinos is "hotels" ?

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1

Real Madrid said to rename stadium 'Abu Dhabi Bernabéu'

Real Madrid's world famous Santiago Bernabéu stadium is set to be renamed the Abu Dhabi Bernabéu, according to the Spanish sports newspaper AS.The report has not been confirmed by Real Madrid but the club...

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Posted by: Non-Muslim Jan 29, 2015 12:57 PM [Non-Gulf]

Investments are one thing.
Historically established names are a different story.
Money makes the world go 'round, but UEFA should finally put a hand on this.

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1

Does Daman’s move to go public make sense?

When even the head of the local market regulator is quietly advising firms that it’s not a great time to go public, it’s worth sitting up and taking note.“There are some IPOs — they saw the market and...

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Posted by: Frank Kane Jan 29, 2015 12:58 PM [UAE]

Damac perfumed very well on London market in GDR form over the past year, contrary to what you say here. Surely some mistake?

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2

Dubai house prices forecast to fall by up to 10% in 2015

Dubai house prices will fall by up to 10 percent in 2015 after rising almost 60 percent in two years, with the emirate's robust economy helping it avoid a repeat of a crash in 2008-9 despite a slump in...

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Posted by: rashel Jan 29, 2015 1:00 PM [Jumeirah / USD]

Stock Exchnage -50%, Oil -50%....and only -10% for real estate. There must be something wrong here!

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2

Dubai topples Heathrow as world's busiest international airport

Dubai Airports on Monday released its year-end traffic report which confirms that Dubai International (DXB) has overtaken London Heathrow as the number one airport for international passenger numbers.Full...

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Posted by: bobby Jan 29, 2015 1:00 PM [UK]

Busiest does not mean best. Not even in the top 10 globally.

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1

Kuwait cuts diesel fuel prices after political pressure

Kuwait has cut selling prices of diesel and kerosene at filling stations after political opposition to price hikes underlined the difficulty of reforming the country's welfare system, even as the loss...

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Posted by: Kevin Jan 29, 2015 1:00 PM [Kuwait]

Kuwait really has no willingness to keep its decisions as as soon as complaints come in they change their mind
It's time the stood up and defended themselves but they are afraid of unrest
This country will never change

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1

Yemen crisis is first big test for Saudi Arabia's King Salman

The turmoil hitting Saudi Arabia's neighbour Yemen will pose the first big test for King Salman, and provide a glimpse as to whether his approach to hotspots in a fragmenting region will differ from that...

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Posted by: Hamaza Ali Jan 28, 2015 6:44 PM [France]

"The Saudis After decades buying the support of tribes, politicians and clerics in Yemen, the Al Saud watched as their patronage network fell apart ", ordinary Yemenis know that, and has been at the expense of the Yemeni People. Islah is a backward organization, Saleh is Egotistic and Sociopath, Houthis will serve their own. The reality, Yemen is in a tough spot and the players are driven by self interest, not the Yemeni People interest. Al Qaida needs to be eradicated from Yemen soon.

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