Investors in stalled Palm Springs project plan to use placards, leaflets to demand refund
Author Archives: Staff Writer
Blogger sparks worldwide hunt for fake Apple stores
Web post by US blogger reveals near-flawless pirate Apple outlets in China
Amy Winehouse family pleads for “privacy and space”
British singer’s album sales soar in hours after her death in London flat
US debt standoff makes investors sell stocks, buy gold
Swiss franc rises, gold hits record high as risk of US debt default grows
Bahrain protests
Bahrain panel to probe army, torture claims
Army is ‘not above the law’, says chairman of investigation into crackdown
Norway’s mass killer pursuing anti-Islam crusade
Anders Breivik killed 93 in what he claims was bid to save Europe from Islam
ENBD in focus; regional markets seen sideways
Regional markets, investors seen ‘indifferent’ to global news flow, says analyst
Oil at $120 biggest bet as futures leave forecasters behind
Barrel price could jump by 20% by end of the year on global demand: traders
Dubai’s ENBD sees profit surge as provisions drop
Dubai’s largest bank sees second-quarter net profit surge 87% to AED744m
Real Estate
Qatar-backed developer in line to win Shell property deal
UK’s Canary Wharf Group to transform Shell’s London headquarters, says report
Media firm Jabbar snaps up Dubai’s Cobone.com
Group discount site plans recruitment drive, expansion after takeover, says CEO
Real Estate
Diced up Dubai offices give big clients little to like
City has vacant office space equivalent to nine Empire State Buildings, and rising
Alwaleed, Bloomberg in talks for Arabic news channel
Around-the-clock Arabic-language news channel could rival CNBC Arabia, Sky News Arabia
Dubai’s Noor Islamic posts $23.1m H1 net profit
Chairman lauds ‘robust performance’; remains ‘confident and positive’ about future prospects
Qatar agrees to supply Malaysia with LNG for 20 years
Qatargas announces deal with Petronas LNG to supply 1.5m tonnes annually from 2013
Qatar’s Al Meera signs deal for Giant Stores chain
Company reaches agreement to take over stores as part of ‘aggressive’ retail expansion plan
Lulu chief eyes 50 GCC neighbourhood shops
Supermarket firm says it plans to launch concept across GCC nations over the next three years
Barclays Wealth names new head for MENA unit
Rory Gilbert to move from UK, Ireland position to head up private banking in the MENA region
Bill Gates, Bahrain’s ECG tie up for $60m investment
Tech billionaire and Energy Capital Group co-invest in oil & gas exploration technology
UAE’s GDP per capita seen at $75,000 by 2015
Business Monitor International report says retail sales set to grow to $28.7bn in four years
Qatar 2022
Lifetime ban is Blatter’s revenge, says Bin Hammam
Qatar-born soccer chief says he knew the outcome of FIFA ethics trial before it began
Aviation
UAE air traffic jumps in H1 despite Arab Spring
Total number of flights in and out of the country reaches 3.3 million, says aviation authority
UAE interbank offered rates at fresh 7-year low
Analysts cite high liquidity, central bank rulings for sliding lending rate
Jumeirah issues etiquette guide for Ramadan tourists
Dubai hotel group lays down guide for tourists visiting during Holy month
UAE’s EMAL gets approval for $4.5bn investment
Emirates Aluminium’s annual capacity to nearly double under planned project
Norway gunman says killings ‘atrocious but necessary’
Anders Behring Breivik, 32, admits to Oslo bombings and gun massacre
Muslim women say will flout Belgium’s burqa ban
Belgium has become second European country after France to ban full veils in public
Murdoch-backed broadcaster eyes new Persian channel
Dubai’s Broadcast ME says it is unlikely to be affected by phone hacking scandal
Aviation
Alafco has $62m gain after waiving Airbus accord
Kuwait leasing firm scrapped deal to buy six 350-900 aircraft for a third party
UAE’s MAF Holding raises $1bn loan to refinance debt
Conglomerate says diversifying debt, tapping the bond market ‘continues to be priority’
Spinneys Dubai eyes three new UAE stores
Supermarket chain says real estate slowdown has hampered growth plans
Dubai set to tighten rules for new drivers: RTA
New drivers to attend safety lectures, will face curbs on night and highway driving
The perils of economic populism in the Middle East
Increasing state subsidies is not the answer to political unrest, writes Steffen Hertog
Banks weigh on Saudi, as Qatar rises
Saudi’s large-cap banks edged lower, weighing on the index as Q2 earnings failed to sustain rally
Microsoft ought to kick off search for Bing buyer
Online search business Bing is a costly distraction for Microsoft, says Robert Cyran
Will the real price of oil please stand up?
Gaps between benchmarks make it tricky to put a true price on the black stuff, says Christopher Swann
Real Estate
Dubai’s cut-price property deals revealed
From Palm Jumeirah villas to flats in downtown Dubai, we list some of the cheapest real estate on offer
Qatar 2022
Qataris lament Bin Hammam’s fall from grace
Supporters say Bin Hammam’s reputation is intact, despite lifetime ban from FIFA
-800x600.jpg)
‘Rehab’ singer Amy Winehouse found dead
Tributes flood in after Grammy-winning British singer found dead in London flat, aged 27
Bahrain protests
Bahrain says no new deployment of Saudi troops
Gulf kingdom is rotating troops in Bahrain, after deploying during crackdown in mid-March
Man charged in Norway gun and bomb massacre
More than 90 dead in twin attacks, suspect is right-wing Christian with no previous record
Qatar 2022
Qatar’s Bin Hammam banned for life from FIFA
Asian football chief vows to appeal against suspension after being found in breach of ethics code
Tragedy strikes top Godolphin horse in UK race
Dubai racing stable reels from blow as Rewilding suffers fatal injury in prestigious race at Ascot
Petrochemical sector lifts Saudi shares to higher close
All-share benchmark ends 0.5% higher as giant Saudi Basic Industries sees shares climb
Dubai police chief lauds drop in H1 road fatalities
Deaths caused by tailgating down by 50% as police target zero deaths per 100,000 people by 2020
Firm behind Qatar’s $36bn rail plan names new CEO
Qatar Railways Co says Saad Ahmed Al Mohannadi will help drive through ambitious projects
Dubai traffic congestion costs halve in five years
RTA chief says annual cost has fallen sharply as roads network grows by nearly 30%
Saudi’s Mobily renews agreement with UAE’s Etisalat
Agreement to develop business opportunities between telcos will run for five years from Dec 23
Commercial Bank of Dubai posts 2% rise in H1 profit
Net profit after provisions for non-performing loans reaches $142m, total assets rise by 3.2%
Jeddah, Dubai hotel occupancy rates soar in June
Cities see double-digit growth as Middle East tourism recovery continues, says STR Global
Oman set to see 21% annual rise in hotel rooms
Cluttons says sultanate likely to deliver up to 6,000 rooms in 3-5 star sector in Muscat area by 2015
Abu Dhabi’s twofour54 wins broadcast licence
UAE’s regulator grants satellite transmission licence as part of plan to increase competition
Bahrain protests
Thousands rally in Bahrain over national dialogue
Opposition supporters out in force after Wefaq withdraws from crucial talks with gov’t
Saudi banks among world’s most profitable – S&P
New report says prospects for sound earnings and profits continue to be bright in kingdom