Officials’ dimmer view of economic recovery forces price to slump again.
Stories by Staff Writer
Ajman developer offers no-strings attached freehold
Park Properties offering cash buyers plots where they can build ‘when they desire’.
Union Properties heads Dubai losers
Abu Dhabi’s ADI declines 0.1 percent; Dubai’s DFM falls 0.2 percent in early trade.
Balfour Beatty Mideast revenue sinks 10% in H1
Abu Dhabi subsidiary picks up slack from Dubai construction slowdown.
UAE backer said to have interest in NBA team
Local ownership group considering Detroit Pistons basketball franchise.
Indian Rich List in full
Retail king Jagtiani tops the list ahead of second placed BR Shetty, discover who else is on it.
The boom before the bust
Here’s how cash-happy Gulf residents gorged their way to a $151.5bn consumer debt pile.
Jagtiani tops list of Gulf’s richest Indians
Retail king celebrates top spot with $2.65bn, nearly $1bn ahead of second-placed BR Shetty.
Qatar dieticians must obtain licence by year end
Rise in dietary centres across the country prompts health officials to outline new rules.
Consul General commends UAE Indians
Indian consul general Sanjay Verma commends the efforts and contribution of Indian entrepreneurs in the region.
Thirty Dubai stock cars available for sale
Vehicles, part of stalled MotorCity project, up for sale in single $1.5m lot.
UAE to replace feet and yards with metre
Latest move to metric will apply to all official and commercial activities, especially in the real estate sector.
Closing time
New urbanism is the way forward for the Middle East.
An open approach
Former BBC Arabic chief Hosam El Sokkari tells Digital Broadcast about his new role at Yahoo! Maktoob and reveals how the Middle East’s first internet giant plans to open up access to online content.
Purchasing power
Business has done remarkably well in turbulent economic times, say rental providers, as companies are seeking to keep their investments down, while utilities are struggling to meet rising demand for power.
Dubai customs reveal passenger cash declaration
As a policy, passengers entering Dubai have to declare the amount of cash they hold.
Dubai speed limits cut, more road humps – report
‘Speed manual’ will recommend the cutting of speed limits on certain roads.
AECOM, Davis Langdon looking to ‘fill gaps’
AECOM CEO believes the two firms could provide complementary access into countries.
Construction Products launches solar energy project
$150m project aimed at serving the needs of power projects throughout the region.
Madinah airport on target for October launch
Terminal designed to handle more domestic flights and is part of wider expansion plan.
UAE authorities appeal for safe driving at Ramadan
RTA launches traffic campaign to coincide with the Holy Month, advises extra viligance.
Gulf equity preview of top companies
A preview of the top companies’ future stock value in Gulf Arab markets.
Saudi Kayan gets $1.2bn loan from NCB for Jubail plant
Seven year loan is guaranteed by 35% stake holder, Saudi Basic Industries Corp.
Bahrain’s SICO sees an 80% fall in Q2 2010 profits
Firm affected by a drop in trading revenues and a lack of client activities.
Saudi shares drop on slow global recovery, thin Ramadan trading
The market is correcting itself due to the ‘double whammy’, analysts said.
BlackBerry assures India on access to services
Assurance raises hopes that India might withdraw threat to ban encrypted services.
The power of people
As this is my last editor’s comment for Caterer Middle East, it seemed like a good opportunity to look back over the past couple of years and see how things in the F&B industry have progressed across the region.
BlackBerry jam
Will construction companies find themselves caught short come October 11?
Ticked off
Orlando Crowcroft asks if Mecca really needs a 600 metre high clock tower.
Finding the fakes
Counterfeit building products and materials has become a huge business that will require diligent market attention and regulation to halt.
Smart ALEC
A period of consolidation for industry and company has not stopped the contractor’s astute development of its business lines. Kez Taylor, managing director, outlines why the company is now worth $1 billion.
Back to school
Gerhard Hope visits the site of the new campus of the American School of Dubai (ASD) in Al Barsha to update progress on this fast-track project.
Stake out
Survey technology: what’s the latest? Elizabeth Broomhall talks to the Middle East’s techno-teams to find out what’s on the market, and how it can help contractors save time and money.
Palm cranes
Greg Whitaker looks at a crane anti-collision system in operation.
RIM reassures Wall Street clients over BlackBerry concerns
At least one corporate customer has told RIM it’s not satisfied with its explanations.
Etihad takes delivery of first A330-200 freighter
Delivery marks record month for Abu Dhabi based airline as cargo volumes peak.
English Premier League
Investment firm to enter exclusive talks with Blackburn
Western Gulf Advisory in talks with Premier League club’s advisor, Rothschilds, over sale.
OPEC quota compliance fell to 52% in July
Output from the 11 quota bound members climbed to 26.8m bpd on Saudi and Nigeria.
Norsk Hydro declares ‘force majeure’ at Qatalum
Planned ramp up of production will be delayed after plant power failure.
OPEC raises global oil demand forecasts for 2010 and 2011
Worldwide crude oil use will increase by 1.05m barrels per day, or 1.2%, next year.
Qatar crude oil falls on concerns refinery demand may fall
Oman crude declined by 96 cents, while ADNOC’s Murban remained steady.
LNG stored in tankers may have fallen by half
11 vessels anchored off Fujairah coast, holding approx 684,000 metric tons of LNG.
UAE wage rise to be the lowest in Gulf region
Hays Group report forecasts real salaries in the UAE to rise by 0.8% in 2011.
US, Saudi sale, with helicopters, said to approach $60bn
Package includes 84 F-15s at $30bn and helicopter sales totalling an additional $30bn.
Arabian Gulf sukuk returns quicken on economy
Bonds in the region that comply with Shariah law may extend gains after IMF report.
‘Everyone always asks for a discount’
The region’s debt collectors say that mediation and discounts work better than threats.
The changing face of wallpaper
Wallpaper is undergoing a transformation at the moment, in terms of the public’s understanding of what it can do for a space. No longer is wallpaper just an alternative to paint – it is now being used as an extension of designers’ canvases, whether it be fashion or art.
A cool million
Hosnia Hashim is the deputy managing director of the North Kuwait asset of Kuwait Oil Company (KOC). Speaking to Oil & Gas Middle East she says an intensive investment program is underway with key international partners to boost the asset’s production capacity to one million barrels of oil each day.
IT trends
With record participation in SITA’s airline technology survey this year, Hani El Assaad predicts a bigger and better spend on IT solutions in the Middle East.
Emirates increases flight frequency to Houston and LA
Aims to provide easier access to support burgeoning business and leisure traffic.
Kuwait economy picks up slowly after 2009 slide
Plans are on to infuse $104.27 bn in four years to reduce dependence on oil.
Jazeera Airways suffer Q2 loss of $16.4mn
The Q2 results may come as a blow to the expansion plans of the carrier.
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