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India's L&T wins gas plant contract in Saudi Arabia

  • Tuesday, 21 May 2013 12:30 PM

State-run Saudi Aramco has awarded India's Larsen & Toubro (L&T) a contract to build facilities including a gas processing plant for its Midyan gas field, state news agency SPA reported.The world...

IMF says not worried by Dubai's debt obligations

  • Tuesday, 21 May 2013 12:26 PM

The International Monetary Fund is not worried about Dubai's ability to meet its upcoming debt obligations, Masood Ahmed, director of the IMF's Middle East and Central Asia department, told reporters on...

Eight bosses sacked in big Kuwait Petroleum shake-up

  • Tuesday, 21 May 2013 12:18 PM

State-owned Kuwait Petroleum Corp (KPC) has sacked the heads of all of its eight subsidiaries in the company’s largest ever shakeup, following a controversial $2.2bn compensation payment to US firm Dow...

Yahoo buys Tumblr for $1.1bn

  • Tuesday, 21 May 2013 12:03 PM

(Source: AlJazeeraEnglish YouTube channel)

Hot air balloon crashes to the ground in Turkey

  • Tuesday, 21 May 2013 12:02 PM

(ITN YouTube channel)

Chelsea Flower Show preview

  • Tuesday, 21 May 2013 11:58 AM

The Chelsea Flower Show run by the Royal Horticultural Society celebrates its 100th birthday this year

US firm promises to make all 'snail mail' digital

  • Tuesday, 21 May 2013 11:55 AM

(Source: AssociatedPress YouTube channel)

Huge tornado kills dozens near Oklahoma City

  • Tuesday, 21 May 2013 11:54 AM

(Source: AssociatedPress YouTube channel)

Tornado outbreak slams through Oklahoma

  • Tuesday, 21 May 2013 11:47 AM

Dozens killed, including many schoolchildren, as tornado leaves trail of destruction in US city

Boeing 787 Dreamliner makes first flight in US

  • Tuesday, 21 May 2013 11:46 AM

United Airlines plane is the first passenger flight for the Dreamliner in the US since it was grounded in January

Dubai buyers should focus on rental yields - real estate boss

  • Tuesday, 21 May 2013 11:27 AM

Buyers in Dubai need to focus more on the potential rental yield income than the capital gains sales price when making a purchase decision, according to the CEO of emirate’s largest real estate agency...

53% of UAE bank customers 'want to switch' - poll

  • Tuesday, 21 May 2013 11:02 AM

More than half of the UAE population want to switch to a better bank after suffering poor customer service, a new study revealed on Tuesday.The survey, carried out by iProspect and Arabian Business and...

Job creation is No 1 priority for Arab world - Saidi

  • Tuesday, 21 May 2013 11:02 AM

Job creation, particularly for youth, is the single largest problem facing Arab countries at a time of economic diversification and an aspiring population, leading economist Nasser Saidi said on Tuesday...

Hotel giant signs deal for first Staybridge in Saudi

  • Tuesday, 21 May 2013 10:38 AM

InterContinental Hotels Group (IHG) has signed an agreement with Dyafah Al Mutahida to open a 200-key Staybridge Suites in Jeddah, Saudi Arabia.This will be the first Staybridge Suites property, which...

Air Arabia inks $350m financing deal for planes

  • Tuesday, 21 May 2013 9:52 AM

UAE-based low-cost carrier Air Arabia has announced that it has signed a $350m finance deal from a syndicate of two GCC banks to support the acquisition of 10 new Airbus A320 aircraft. The budget airline...

LIVE: The 8th annual Arabian Business Forum

  • Tuesday, 21 May 2013 9:23 AM

12:40: McDonald's is synonymous with globalisation, Abdulghani says - a concept that is regarded as both positive and negative. But it has changed the way that everyone dines and shops in the Middle East...

Dubai's Drake & Scull wins $459m Saudi contract

  • Tuesday, 21 May 2013 9:09 AM

Dubai-based Drake & Scull Construction on Tuesday announced that it has been awarded a SR1.725bn ($459m) contract in Saudi Arabia.The general contracting arm of Drake & Scull International was...

Arabtec says working to resolve labour dispute

  • Tuesday, 21 May 2013 8:57 AM

Arabtec, Dubai's largest construction firm, said on Tuesday the delivery of projects was unaffected by what it called a partial labour stoppage, adding it was working with authorities in the UAE to resolve...

Saudi Aramco invites bids for Jizan power plant

  • Tuesday, 21 May 2013 8:46 AM

Saudi Aramco has invited bids for the construction of a 2,400 megawatt (MW) power plant in Jizan, near a 400,000 barrel-per-day oil refinery which it is currently building, two industry sources said on...

Abu Dhabi's TAQA denies London bourse move

  • Tuesday, 21 May 2013 8:39 AM

Abu Dhabi National Energy Company (TAQA) has said it is looking at ways to improve the liquidity of its shares but had not taken any steps to remove a barrier to foreigners holding its stock.Abu Dhabi...

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  • 1. UAE Brit List 2013 revealed
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  • 3. REVEALED: The UAE's 50 biggest companies
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  • 1. See Qatar Air's first 787 being built in 3 mins
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  • 1. Australian execs jailed over Dubai property deal
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  • 1. Dubai labourers stage rare strike for more pay
  • 2. Kuwait to start medical care segregation on June 1
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  • 5. Kuwait deports 1,258 expats in a month
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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