Hotel operator develops app to be available for its W Hotels-branded properties from spring 2015
Author Archives: Staff Writer
Saudi pays $80,000 for phone number
State-owned Saudi Telecom Company raised more than $1.3m by auctioneering 64 ‘special’ numbers
UAE ready to join fight against ISIL
UAE ambassador to the US said a clear plan needed to thwart growing threat
Al Qaeda-backed group releases kidnapped UN peacekeepers – report
Nusra Front group on Wednesday posted a video of the 45 hostages captured two weeks ago on Syria’s Golan Heights
British passenger threatened to kill air stewardess on Dubai flight
Passenger demanded more alcohol, set toilet alarm off after smoking a cigarette
Emirates partner Qantas cancels Dubai-London flights
The Australian carrier has dropped five flights due to low demand, as Emirates continues to dominate UAE-Australia routes
UAE buyers in rush for 24k gold iPhone 6 models
100 already sold before release date this week
Emaar Malls sets up 24hr helpline ahead of IPO
Call centre hotline will deal with queries from would-be investors keen to get further information about the listing
Dubai bourse drops over rumours former Arabtec CEO to offload shares
DFM dropped to its lowest level in 7 weeks over speculation a large volume of shares is set to be sold off
Obama orders US airstrikes in Syria against ISIL
US Congress to authorise $500 million to train and arm “moderate” Syrian rebels in Saudi Arabia
Egyptian aircraft suffers cracked cockpit window in hail storm
Egypt Air Airbus A320-200 also damaged its nose cone in the dramatic weather
Make-up artist Bassam Fattouh to host Dubai showcase
World of Fashion will be held at Mall of the Emirates on October 15-31
MidEast business leaders honoured at CEO Awards
Brigadier Abdulla Mohamed Al Mulla and Colm McLoughlin lead the list of award winners at the gala event celebrating leadership
Greek auditor said to block $1.2bn deal with UAE-backed firm
Consortium backed by Abu Dhabi’s Al Maabar planned to turn 620-hectare airport site into glitzy coastal resort
Oman fund says working with Bulgaria to solve Corpbank problem
State General Reserve Fund chairman says working with gov’t over rescue plan for Corporate Commercial Bank
Saudi Arabia tells OPEC it cut output in August as oil nears $100
Top oil exporter reports production of 9.597 million bpd, down from 10.005 million bpd the previous month
Dubai World said to offer incentives to revise $25bn debt deal
Sources say state-owned conglomerate has offered early cash and shares in global ports firm DP World
Qatar Airways to launch Brussels, Shanghai cargo routes
Doha-based carrier announces plan to further extend freighter network to ‘important cities’ in October
Worst time for Saudi Arabia’s giant new oil refinery
Not a good moment to start up an export-oriented oil refinery, says Reuters columnist Clyde Russell
Trump casino resort business files for bankruptcy
The Donald founded the companies but is now suing them to have his name removed
UAE firm develops drone to tackle stock management issues
Exponent Technology Services says Age Steel will be first company to employ new technology from October
Qatar to launch venture share market for SMEs in 2015
Ten SMEs have applied to list on the new market and five of them have so far fulfilled the requirements
Park Investments launches first Dubai real estate project
Prices of properties at Park Villas in Jumeirah Village Circle will start at nearly $800,000
UAE’s Jumbo to sell gold gaming consoles
Consumer electronics retailer says gold Xbox and PS4 consoles have been created by Italian jeweller Gatti
Sharjah launches 10-year debut $750 sukuk
Document from lead arrangers says the emirate attracted orders of about $7.5bn for sukuk
Saudi’s PetroRabigh seeks funding for $8.5bn petchems project
Founding shareholders formally invite banks to provide financing for petrochemicals complex in kingdom
Egyptian man wins battle for Saudi fortune
Man has won an 18-year battle to prove he was the son of Saudi millionaire
Dubai’s Drake says Oman unit has won $45m deals
Drake & Scull International says latest contracts take company’s 2014 award wins to total of $1.25bn
Kuwait Energy, Dragon Oil find oil in Iraq
Companies say they were able to around 2,000 bpd from the Faihaa-1 well in the Mishrif formation
HSBC allocates further $272m to UAE-based SMEs
Banking major says decision taken after first tranche of funding was assigned to UAE small business in record time
UAE firms sign contracts worth $19bn for West Africa
Forum held in Dubai sees eight West Africa countries benefit from public-private partnerships with UAE firms
US financial services firm to set up MidEast advisory JV
Guggenheim Partners says it has agreed to set up a joint venture with a private Abu Dhabi investment company
SMEs
TV show to boost young innovators
TV show Stars of Science returns to screens to shine a spotlight on the region’s young inventors
Aviation
Malaysia Airlines MH17 report: What we learned
Summary of the preliminary report released by Dutch investigators yesterday.
Abu Dhabi Police get training in handling child abuse cases
Programme was in collaboration with the Scottish Police College in the United Kingdom
Mandarin Oriental to open Dubai resort in 2017
Luxury operator to manage 212-key resort on Jumeirah Beach
White House doesn’t believe slain US journalist was ‘sold’ to ISIL
Family claim Syrian rebels sold Steven Sotloff to Iraqi militants for up to $50,000
Kuwait-backed Aston Martin in talks for deal with Daimler
German carmaker is “fundamentally open” to talks on deeper cooperation British brand’s new CEO
Diamond-encrusted iPhone 6 models to retail for $48.5m
US bling-merchant Falcon reveals luxury versions of new Apple smartphone
Emaar Malls IPO shares to be sold through ATMs
Emirates NBD customers will be able to buy a minimum of $2,722 using their bank cards
Revealed: Lady Gaga posts photos in her Palm Jumeirah villa
US singer is gearing up for her first concert in the Middle East at Dubai’s Meydan Racecourse
Abu Dhabi-backed Carlyle raises $3.9bn for Asia fund
Marks the second-largest private equity fund ever raised for investments in the region
Qatar 2022
Qatar confident of being exonerated in FIFA report
Lawyer Michael Garcia delivered his 350-page report last week to FIFA’s Ethics adjudicatory chamber
US professor sacked over anti-Israel Gaza tweets
Former University of Illinois academic has demanded he be reinstated, citing free speech and academic freedom
Apple iPhone 5 prices drop by nearly a fifth
The first larger iPhone 6 will likely arrive in the UAE on September 20, retailers said
Apple unveils watch, larger iPhone 6 in bid to regain its crown
Apple Watch can receive phone calls and messages, play music, serve as a digital wallet to pay for goods and monitor heart rates
Fashion world divided on first look at Apple Watch
Three different versions – sport, standard, and a luxury edition, with finishes including stainless steel and gold plated
Wall Street ends lower as Apple falls
Shares, which jumped as much as 4.8 percent earlier in the session after the company unveiled a smartwatch, ended down 0.4 percent at $97.99
Abu Dhabi’s ADCB launches $600m five-year bond
Investor orders for Abu Dhabi Commercial Bank bond grew to nearly $1.5bn, says source
Two-third increase in average spend in MidEast restaurants
The number of customers spending over $1,000 per sitting has also increased, chefs say
Kuwait’s Global seeks to relist on local stock market
Global Investment House CEO reveals plan after listing was cancelled last year due to accumulated debt
Dana Gas secures $100m financing for UAE offshore gas field
Energy company says facility will contribute the debt component of the financing needed to complete the offshore project
Bahrain to get vote of confidence with first 30-year bond issue
Kingdom has long been seen by many investors as the weakest of GCC countries, both politically and economically
I won’t go naked in Dubai, vows Lady Gaga
Controversial sequence will be cut to comply with local modesty laws