Scott Thompson steps down after accusation he faked computer science degree
Author Archives: Staff Writer
KSA to invest US$133bn in water, power by 2022
Demand for water in kingdom has increased at rate of 7-8 percent annually – minister
Arabtec uncertainty may weigh on Dubai index
Shares in Dubai builder fell 5.8 percent following uncertainty over Aabar stake
Dubai, Samsung Life Insurance plan alliance – FT
Partnership would focus on selling life insurance products into MENA
GCC debates Saudi king’s call for tighter alliance
A one-day summit in Riyadh will focus on proposal to strengthen regional unity
Brent slips towards US$111 on euro zone worries
Brent crude fell 46 cents to US$111.80 a barrel by 0300 GMT after settling at US$112.26 on Friday
Gold ticks up on bargain hunting; off 4-month low
Gold added US$3.39 an ounce to US$1,581.69 by 0248 GMT
How Manchester City won the Premier League
Abu Dhabi has spent nearly US$1bn on securing the title for English club Manchester City
Abu Dhabi’s Man City wins Premier League title
Last-ditch comeback against QPR secures first league title for more than 40 years
IMF concerned about Kuwait finances – cenbank
Kuwait’s recent wage hikes raise concerns about sustainability of its public finances
Abu Dhabi’s ADIB sees profit growth ‘subdued’
Abu Dhabi Islamic Bank posts $83.7m net profit for the first three months of the year
Dubai Investments posts 6.3% rise in Q1 profit
Conglomerate says it is reviewing opportunities to divest some of its businesses
Aviation
Construction starts at DWC’s Aviation District
Majestic Wings to be one of first companies to move into new aviation hub next year
Etisalat says sabotage partly behind Nigeria woes
UAE telecom operator also blames lack of reliable electricity for poor service record
Dubai Safari project set to replace ailing zoo
Dubai Municipality chief says project will cover 400ha, to include butterfly park, golf courses
Telco du open to MVNO opportunities, studying Saudi
Operator’s CEO says its “open to any opportunity”, but has not made a decision
Oil, gas projects in Abu Dhabi valued at US$7bn in 2012
Value cited by General Holding Corporation’s National Petroleum Construction Company CEO
Brits must respect UAE culture more – diplomat
Ambassador to UK urges expats to developer better understanding of Emiratis
Abu Dhabi’s Yas Arena rebranded du Arena
UAE telco du signs up to four-year sponsorship deal in regional precedent
Kuwaiti cops get high-tech in war against speeders
Equipment will include radar and can track up to 40 cars a minute, report says
Foreign airlines to start KSA routes ‘in April 2013’
GACA spokesman says there is shortfall of 2m seats for domestic travel
Tech start-up touts ‘halal Facebook’
Company aims to provide “Islam-centred” version of famous social networking site
Aabar takes majority stake in Arabtec – source
Abu Dhabi investment fund has reportedly raised stake in builder to 53 percent
Oman budget surplus widens to US$2bn
Robust oil prices boosted revenue in Sultanate, leading to surplus in Jan-Feb
RAK airport sees 50% surge in passenger growth
Aircraft movements, duty-free sales and cargo tonnage also increased during Q1
Brit tourists spending longer in Dubai, data shows
Gulf emirate welcomes 1m British tourists every year, DTCM data shows
Bahrain backs closer integration of Gulf states
Minister says EU-style union could protect region from political, economic upheaval
Jordan’s fiscal deficit could hit US$4bn – minister
Budget deficit reached 6% of GDP last year on subsidies, spending and gov’t borrowing
GCC food inflation to rise 4.1%, says QNB
Food retail prices have surged every year for the last decade, the lender said
Dubai’s property credit note market on the wane
Secondary market in credit notes boomed after Dubai canceled hundreds of projects
Saudi women no longer need male consent to work – report
Official from labour ministry quoted as saying new law mean male consent not needed
Emirates Airline – no sale, no IPO, no buyout
After 27 years, Emirates has over 170 aircraft and flies to more than 120 destinations in over 70 countries. The real question is what next?
Best of 2012: Maurice Flanagan interview
Sir Maurice Flanagan has helped grow Emirates Airline into one of the world’s successful companies. In a wide ranging interview, he looks back at the challenges he faced, and what the future holds
Michael Lenarduzzi interview: The Wave, Muscat
The Wave, Muscat — Oman’s $3.5bn real estate project — was hit hard by the global economic downturn and last year’s Arab Spring but CEO Michael Lenarduzzi tells Arabian Business that sales are starting to pick up
Francois Boutellier interview: nasair
The CEO of low cost carrier nasair says he welcomes competition in Saudi, but more market liberalisation is needed to ease the cost burden on airlines
Test drive: Land Rover 5.0 LR-V8
The latest enhancements consolidate the LR4’s position as the most versatile all-round 4×4,
EXCLUSIVE: Qatar firm loses Jaguar legal battle
Dealership claimed it lost more than US$11m after car maker canned deal
Europeans jailed for Oman card fraud
Pair found guilty of hacking bank cards using devices installed at ATMs
Gulf markets seen steady; investors wary
Gulf market volumes have slumped in recent sessions as wary investors cut risk
St Regis to bring New York jazz to Doha
Around US$20m is reportedly being spent on developing the 120-seat club
KSA’s Al Tayyar Group to sell 30% stake to public
Travel group will sell 24m shares at a price of US$15.20 per share from May 14
Spanish soccer star Raul joins Qatar’s Al Sadd
Former Real Madrid striker joins Qatari side after leaving Germany’s Schalke 04
Saudi king sacks cleric who attacked social reform
Sheikh al-Obeikan questioned reforms allow men to mix with unmarried women
REVEALED: The best performing hotel investments
Ernst & Young study counts down the region’s best performing cities in terms of hotel investments
Saudi Arabia’s inflation rate slows in April
Gulf kingdom’s rate edges down to 5.3% as cost of food and beverages declines
UK builder sees improvement in Dubai market
Balfour Beatty says liquidity improvement in Dubai bodes well for the future
Dubai at start of new boom, says official
Dubai SME chief sees ‘new frenzy’ of shop openings, mall expansions in emirate
Saudi shares close higher despite dip in oil price
Petrochemical sector gains 0.4% as the Gulf kingdom’s all-share index rises 0.2%
Arab World sees 19% rise in FTA satellite channels
New research shows Egypt, Saudi Arabia and UAE host the most free to air channels
Batelco warns of disruptions amid mobile upgrade
Bahrain telco says customers may be impacted as broadband upgrade plan progresses
MidEast investors increasingly looking at Africa
Standard Chartered’s Africa chief sees more interest but deals yet to be cemented
Saudi Arabia eyes $109bn plan for solar industry
Gulf kingdom wants to generate a third of electricity within two decades through solar power
Delays hit Mandarin Oriental in Abu Dhabi
Plans for luxury hotel on Saadiyat Island postponed; construction work yet to start
Qatari Diar shortlisted to buy Greek airport firm
Qatar real estate giant said to be one of four in frame to buy Greece’s Hellenikon