Gold remains below a lifetime high around $1,920 an ounce hit last September
Stories by Staff Writer
Brent rises toward $112 on Iran, promising economic data
Investors eyeing US employment data for clues to the country’s economic health
Aramex sees profit rise but warns of uncertain outlook
Dubai logistics firm uncertain over impact of Arab unrest, economic woes on coming year
Telecoms
India court revokes telecoms licence of Etisalat JV over sale scandal
Verdict revokes 122 licences issued in scandal-hit 2008 sale, may dent India’s business image
Lebanon tribunal to try Hariri suspects in absentia
UN-backed court has named four Hezbollah suspects in bombing that killed ex-PM
Saudi Arabia may seek IMF sway in exchange for riches
Monetary fund is seeking $500bn to avoid global recession but Saudi wants more clout for its cash
Bahrain protests
Worried Bahrainis seek talks as clashes worsen
Ministers seek reconciliation as violence worsens in run-up to one-year anniversary of uprising
![Egyptian football fans rush to the pit during the riots [Getty Images]](https://www.arabianbusiness.com/wp-content/uploads/sites/3/cloud/2021/09/15/GCkeOnws-138051523-800x600.jpg)
Egypt crisis
More than 70 dead in Egypt’s worst soccer disaster
Many victims crushed in post-match pitch invasion as rival fans fought in the city of Port Said
Dubai’s Mashreq sees Q4 net profit slump by 59%
Dubai’s second largest lender says it made AED1.2bn impairments during 2011
Bahrain protests
Over 900 sacked staff back in Bahrain jobs
Labour Ministry says 937 workers reinstated out of total of 2,462 who were sacked amid unrest
Westwood says ready for Qatar after injury
World No 3 golfer says shoulder injury that dogged him in Abu Dhabi has gone
Etisalat invites bid for Africa tower ops – sources
UAE telecoms operator said to mandate Standard Chartered to advise on deal
France’s Publicis acquires Dubai digital agency
French advertising giant adds Dubai’s Flip Media to its Leo Burnett subsidiary network
World’s tallest residential tower hits final height
Tameer’s Princess Tower in Dubai is set to be handed over in second quarter of 2012
Qatar’s Olympic football hopes hit by player error
FIFA overturns Oman 1-1 result after Qatar fields ineligible player; Qatar FA fined
Aviation
Work on Abu Dhabi’s new terminal to start in Q2
Construction to begin on project to expand airport capacity to 27-30m passengers per year
Aviation
Etihad Airways to get $169m lease finance
Mubadala, National Bank of Abu Dhabi to provide funds to help airline lease spare engine parts
Qatar’s Al Meera sets up JV with French retail giant
Deal with Casino Guichard-Perrachon will initially see cooperation in North Africa, Jordan
Telecoms
Etisalat reshuffles top brass, names new CEO for UAE
UAE telecoms operator names new domestic, Egyptian chief execs in latest shake-up
Abu Dhabi’s Waha Capital Q4 net falls 46 pct
State-backed investment firm blames one-time gain in 2010 results for the decline
Bahrain protests
Bahrain notches up small economic win in protest-hit year
Eruption of political turmoil said to have caused $2bn loss to Gulf state’s economy last year
Jumeirah sees festive surge at Dubai beach hotels
Dubai hotel chain sees 90% occupancy across beachfront resorts, aided by Asia push
![The stranded Iranian fishing vessel was sighted by a US military helicopter [Getty Images]](https://www.arabianbusiness.com/wp-content/uploads/sites/3/cloud/2021/09/15/6vAWfVz1-137061425-800x600.jpg)
US Navy repairs Iranian fishing dhow stranded in Gulf
Navy aids stricken vessel carrying nine crew as Washington, Iran trade blows over sanctions
![Prince Andrew stepped down as trade envoy in July 2011 [Getty Images]](https://www.arabianbusiness.com/wp-content/uploads/sites/3/cloud/2021/09/13/KzBuwIfI-109822520-800x600.jpg)
Gulf trips in spotlight for ex-trade envoy Prince Andrew
Probe into British royal’s meetings in Abu Dhabi, Saudi and Qatar after stepping down from post
Real Estate
Kickback culture hikes service fees in Dubai, say experts
Homeowners pay over market rate for cleaning, maintenance contracts as developers pocket profits
Gold price steady as investors await euro zone data
Reports likely to show many economies seeing sluggish start to 2012 amid slowing demand
Dubai index on four month high, Arabtec surges
Shares in National Bank of Abu Dhabi rise after the lender proposed a 30 percent cash dividend
Brent up as US mulls more sanctions on Iran
Brent rises above $111 as lawmakers eye new package of sanctions to target Iran oil companies
Kuwait elections turn up pressure on political deadlock
Opposition seeks to gain control of parliament, press for handover of powers to elected officials
![The Arab League has urged Syrian President Bashar al-Assad to step down [Getty Images]](https://www.arabianbusiness.com/wp-content/uploads/sites/3/cloud/2021/09/13/2Ieh8Qvf-136739982-1-800x600.jpg)
Arab uprisings
Qatar urges UN council to stem Syria ‘killing machine’
Arab League seeks backing for plan for Syrian president to step aside, end 10-month crisis
![Flashback to Bahrain political uprising in February [Getty Images]](https://www.arabianbusiness.com/wp-content/uploads/sites/3/cloud/2021/09/15/GJs88awf-110052134-2-800x600.jpg)
Bahrain protests
Bahrainis on hunger strike ahead of uprising anniversary
Government official says favours release of some of 14 jailed opposition figures
![A picture taken on February 11, 2010 shows Saif al Islam, son of Libyan leader Muammar Gaddafi [Getty Images]](https://www.arabianbusiness.com/wp-content/uploads/sites/3/cloud/2021/09/14/ShxE9Ljz-109765134-800x600.jpg)
Libya crisis
Gaddafi daughter appeals to ICC over jailed brother
Aisha Gaddafi fears Saif al-Islam will not see fair trial over rape and murder charges in Tripoli
Arab uprisings
Arab Spring car sales rise as regimes spread money
State handouts by GCC states seeking social stability help kickstart car-buying frenzy
Forex firm UAE Exchange sells 40% stake for $2bn
Centurion Investment buys stake in one of the largest UAE foreign exchange companies
Saudi picks candidate for top OPEC post
World’s top oil exporter said to nominate candidate for cartel’s next secretary general
Real Estate
Dubai house prices set to slip 5% in 2012 – experts
Poll of experts shows four-year decline in the UAE’s real estate market is unlikely to end this year
Real Estate
Aldar bonds hit by gov’t stake sale report
Yields on Abu Dhabi developer’s 2014 bond rise sharply; Mubadala denies claims
UAE construction costs set to fall in 2012
New cost tracker index says prices have fallen by 28% from peak in early 2009
UAE’s largest bank sees 1% fall in Q4 profit
National Bank of Abu Dhabi says performance hurt by rising impairment charges
Real Estate
UAE’s office market stabilised in Q4, says RICS
Rent levels, investments in Gulf state’s office market ‘on upward trend’, finds RICS report
Bahrain protests
Arabs back Bahrain gov’t to make reforms
New opinion poll shows confidence in rulers to carry out promised reforms after unrest
![A charred prison cell at Benghazi Central Prison in Libya [Getty Images]](https://www.arabianbusiness.com/wp-content/uploads/sites/3/cloud/2021/09/14/I49tJdO9-109696893-800x600.jpg)
Libya crisis
Libyan militia leader sues former UK spy chief
Abdel Belhadj says ex-MI6 officer illegally returned him to Libya to be jailed, tortured
Twitter gears up to roll out Arabic version
Micro-blogging site unveils plan to launch plan for languages that operate from right to left
Tenders for $41bn Doha Metro project pushed back
Tenders to go out in second quarter after latest delay to Qatar rail project
Facebook imminent IPO will put public markets to shame
But after investing aristocracy has feasted on Facebook, there’ll be little left for the hoi polloi
Wall Street wants a rebound, but needs a shake-up
Nowhere is it written in stone that Wall Street bankers should net a $1m bonus every year
Arab uprisings
Kidnapping trade booms in tumultuous Syrian city
Daily abductions stir fear of civil strife as bloody uprising against President Assad rages on
Saudi tribalism lingers for kingdom’s settled Bedouin
Tribal affiliation seeing a revival in Saudi Arabia, despite end of traditional desert lifestyle
![Cebu Air is the Philippines’ largest budget carrier [Getty Images]](https://www.arabianbusiness.com/wp-content/uploads/sites/3/cloud/2021/09/14/vrHZ0kld-121173086-3-800x600.jpg)
Aviation
Cebu Air plans long-haul flights, targets overseas Filipinos
Philippines’ largest no-frills airline eyeing flights to the Middle East, US and Europe
SABIC up as Saudi index hits new 6-month high
Investors buy on hopes of profit growth in 2012, hints Saudi bourse will open up
DP World sees 2011 earnings in line with expectations
World’s third-largest port operator has warned of tough conditions in coming year
Gold edges up; heads for biggest monthly gain since Aug
Lingering fears over US economic growth triggers safe-haven buying from investors
UAE plans to cap interest rates on credit cards
Gulf state to curb interest rates banks can charge consumers in push to curb bad loans
