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Jordan's king makes new plea to solve Syrian crisis

  • Saturday, 25 May 2013 5:09 PM

Jordan's King Abdullah II has privately asked the US to intervene in the Syrian conflict and help bring to an end that country’s war and the flow of refugees into the kingdom. Tens of thousands of refugees...

Palestinian president urges investment to boost economy

  • Saturday, 25 May 2013 5:03 PM

Palestinian president Mahmoud Abbas has called for investment and joint ventures in tourism, energy and industry to help improve the economic prospects and security of his people.Speaking during a symbolic...

Thousands protest over raid on Bahraini cleric's home

  • Saturday, 25 May 2013 12:12 PM

Hundreds of Bahraini Shi'ite Muslims angered by a raid last week on a top cleric's home clashed with police on Friday, while thousands more gathered in the cleric's village for a peaceful sit-in against...

Education, jobs must be MidEast priority - UAE min

  • Saturday, 25 May 2013 11:47 AM

Education and the creation of employment opportunities are fundamental for fulfilling the ambitions of young people in the Middle East and North Africa, according to the World Economic Forum (WEF).The...

Qatar's Nakilat set to enter luxury yacht business

  • Saturday, 25 May 2013 11:46 AM

Qatar Gas Transport Company (Nakilat) is to diversify from its primary operation of overseeing the world’s largest fleet of LNG vessels and start building luxury yachts, the company’s managing director...

Work set to start on $47m Abu Dhabi bus depot

  • Saturday, 25 May 2013 11:46 AM

The Department of Transport (DoT) in Abu Dhabi has announced that work will start soon on building a new AED175m ($47.6m) bus depot project in the emirate.The project was part of AED1.5bn various infrastructure...

Emirates NBD launches Bank on Wheels initiative

  • Saturday, 25 May 2013 11:46 AM

Dubai's largest lender has announced the launch of its Bank on Wheels initiative as part of its drive to improve customer service.Emirates NBD said it is now operating a fully secure vehicle equipped to...

Emirates set to refurbish its 35 airport lounges

  • Saturday, 25 May 2013 11:46 AM

Emirates Airline has revealed plans to refurbish all 35 of its airport lounges around the world over the next 18 to 24 months.The Dubai-based carrier made the announcement as it inaugurated its refurbished...

Ferrari World Abu Dhabi to move to 7-day ops

  • Saturday, 25 May 2013 11:45 AM

Ferrari World Abu Dhabi has announced plans to move to a seven-day operational model later this year.The world's largest indoor and only Ferrari-branded themed park on Yas Island said the move was driven...

GCC economic growth to slow in 2013, says IIF

  • Saturday, 25 May 2013 11:45 AM

GCC countries registered an average growth of 5.8 percent in 2012 but are set to see slower rates of growth this year, according to the Institute of International Finance (IIF).It said average growth in...

Qatar drops bid to host UN aviation body

  • Saturday, 25 May 2013 11:45 AM

Qatar has dropped a bid to move the headquarters of the International Civil Aviation Organisation from Montreal to Doha, Canadian and ICAO officials said on Friday.Qatar last month proposed that the organization...

WHO to help Saudi investigate coronavirus before haj

  • Saturday, 25 May 2013 11:44 AM

The World Health Organisation (WHO) said on Friday that it would help Saudi Arabia dig deeper into deadly outbreaks of a new SARS-like virus to draw up advice ahead of the annual haj pilgrimage, which...

Etisalat said to be highest bidder for Maroc stake

  • Friday, 24 May 2013 5:51 PM

Gulf telecom operator Etisalat has offered a higher price for Vivendi's Maroc Telecom stake than rival Qatari bidder Ooredoo, according to two people familiar with the matter.Etisalat's bid needs further...

Bahrain economic growth seen at 5% this year

  • Friday, 24 May 2013 12:52 PM

Economic growth in Bahrain is expected to rise to more than five percent this year on the back of a rebound in oil production and expansion in non-oil sectors. The Bahrain Economic Development Board (EDB...

Abu Dhabi to see 15% growth in summer flights

  • Friday, 24 May 2013 12:42 PM

Abu Dhabi International Airport will receive a total of 1,065 flights a week this summer, up 15 percent on the same period last year, its operator has announced.Abu Dhabi Airports Company (ADAC) said airlines...

Food for thought

  • Friday, 24 May 2013 11:32 AM

He may have started off earning about $800 a month on his first job, but Ahmad Nasser Sraiya Al Kaabi has a come a long way since then. He’s now at the helm of Al Sraiya Holding and Widam (previously known...

HSBC's rich pickings in Qatar

  • Friday, 24 May 2013 11:31 AM

“We are number one and we are three times [the size of] number two.” This is how Abdul Hakeem Mostafawi, the CEO of HSBC Qatar, positions his bank among the group of international lenders currently plying...

Mahoney isn't talking baloney

  • Friday, 24 May 2013 11:30 AM

Over the years it is no secret I have had some differences (putting in mildly) with estate agents. Okay, yes, I have given a lot of them a serious kicking (and largely deserved). In fact, I think I once...

Paris Gallery's sweet smell of success

  • Friday, 24 May 2013 11:29 AM

Dubai. Paris. London.New York. Paris Gallery Group CEO Mohammed Abdul Rahim Al Fahim is aiming to conquer them all with his family’s luxury retail chain.It would be a major scoop for a business that has...

Back to the boom?

  • Friday, 24 May 2013 11:28 AM

Booms, busts, subsidies and the ‘youth bulge’; the 8th Arabian Business Forum, held last week in Dubai, discussed some of the major issues currently facing the Gulf economies. Chaired by ITP chairman and...

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This Week's Magazine »
Arabian Business - 2013-05-19

Cover Story

The world according to Badr Jafar
Just about everything Badr Jafar touches turns to golD, formed just seven years ago, his crescent enterprises is raking in over a billion dollars in revenues and is highly profitable. But the young Emirati insists profits are just part of the plan.

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