Abu Dhabi-based firm wants to acquire stake through convertible bonds.
Author Archives: Staff Writer
Three arrested in UK amid Emirates bomb threat drama
Police alerted and armed officers board plane to arrest passengers on airliner.
Money, it’s a gas…
An interesting side-note to the January issue’s cover story focusing on professional training services were comments made by the founder of EMDI Institute, Nowshir Engineer, regarding the apparent reluctance of some graduates entering the live events production field to consider starting positions offering salaries of less than around AED15,000 (US$4000) tax-free per month.
The woman with a plan
Salma Hareb, the chief executive of Jebel Ali Free Zone Authority and Economic Zones World, tells Claire Ferris-Lay about why Dubai World’s debt restructuring won’t affect her plans this year.
A tale from Beirut
Vijaya Cherian goes behind the scenes of a documentary shoot in Beirut.
Wonder of wireless
Its arid climate and rising PC penetration rates make the Middle East an ideal hunting ground for Proxim Wireless, a broadband wireless systems vendor with annual revenues close to US$30m a year. Pankaj Manglik, president and CEO at Proxim Wireless, sat down with Channel Middle East on a recent visit to the region to explain why the company believes it has such a compelling partner offering.
Extreme makeover
In order to strengthen Dubai’s image, PR guru Max Clifford believes that the emirate needs to go back to basics.
Signed, sealed, delivered
Last week’s opening of the tower formerly known as the Burj Dubai was nothing short of a spectacular event.
2010 top 10 tips
CW talks to industry experts to find out what you should do in.
Pushing on
World Wide Project Management and its Sahara Livings development prove that, even after a tough year, Dubai’s construction industry will continue to progress.
Wasted elements
With waste management at the forefront of the region’s sustainability drive, Construction Week investigates what is required by law and how firms are tackling the issue in practice.
School of thought
Abu Dhabi Education Council (Adec) section manager for facilities design Alberto Treves discusses some exciting new plans to build schools in Abu Dhabi.
It’s good to talk
I was speaking to a chef from a reputable five-star hotel the other day (who shall remain nameless), and he told me one of the main problems he finds himself facing on a daily basis is his relationship with the property’s upper echelons of management.
Training day
The demand for professional training courses catering to the audio engineering, event management and live production sectors is booming in the UAE. S&S checks in with the country’s top training providers about their plans for 2010.
The main event
Dubai-based Filmmaster Events bosses Piero Cozzi and Pierre Haddad explain why there’s no business like the show business.
Moving mountains
Natural surroundings and rocky resources have shaped the development of Ras Al Khaimah.
Gulf may launch single currency in 2015 – paper
Single currency can be launched soon if members step up efforts – official.
Indians abroad can soon vote in India polls
Indian PM announces Indians abroad may be able to vote in the next elections in 2014.
French draft bill to fine burqa-wearing women
Muslim women who wear full Islamic veil in France may face up to $1,000 fine – report.
Heavy snow slows N America, Europe business
Winter hits agricultural sector; threatens to disrupt natural gas production.
Manchester City FC announces financial results
Substantial investment has had significant impact on this year’s financial results.
One dead in Israeli air raids on Gaza Strip
Israeli army says it launched raids after a dozen mortar bombs, a rocket strikes the Jewish state.
IMF experts in UAE to review shape of economy
IMF experts to visit the country as a part of regular consultations for the year 2009.
Abu Dhabi nudges up OMV stake to 20%
International Petroleum Investment Co raises stake in Vienna-based oil and gas group.
Kuwait’s Zain sale delayed amid uncertainties
Kharafi arm says economic climate slowing sale, which was to close this month.
UAE banks face gloomy Q4 amid debt woes
Banks’ fourth quarter performance to suffer as credit costs and provisions rise.
Smart facilities
Building management systems (BMS and building automation are used widely in the Middle East. But what is the future for this technology?
Tall tower and tall tales
The other day, I read in a local magazine one of the many ‘year in review’ type articles. There have been so many of these, I practically knew what it was going to say before I read it, but it did raise one point that made me chuckle.
Rising star of the new decade
CEO Middle East meets Adeeb Al-Sowailim, CEO of Saudi-based FALCOM Financial Services.
Nudge nudge, win win
From flies in urinals to whistling bins, the power of suggestion could save us all, says Nudge author Richard Thaler.
Cutting edge
Can old and dated buildings be made ‘smart’ in keeping with the latest trend of green building and sustainability? A cutting-edge innovation in wireless networking has fascinating implications for facilities management.
Dubai ruler clears 2010 budget with deficit of 2% of GDP
Dubai’s government revenues projected to reach AED29.4bn ($8bn).
Dubai World says debt revamp plan ‘some time away’
UPDATE 1: Firm says report on answering creditors electronically is wrong.
Indian businessman pays $25m for two floors in Burj Khalifa
Multi-millionaire B R Shetty owns a ‘monstrous’ amount of floor space.
Burj Khalifa AED100 ticket price too high – poll
Only a quarter of people say they thought the price to tour the tower was reasonable.
Dubai Festival City announces Fringe Festival
Dubai’s version of the Edinburgh Fringe Festival will begin on Jan 28, organisers say.
Mercedes supercar sales up 40% in UAE
Dealer announces big increase in sales for Mercedes-Benz supercar SLR in 2009 despite downturn.
Qatar plans $1bn solar power project
Around 25 local and international investors have emerged as potential partners for the project – paper.
Investment in Bahrain industrial city to reach $8bn
Commerce minister upbeat on growth prospects for Salman Industrial City.
Eco-watchdog halts contractor’s ops after violations
Company has operations suspended after failing to control emissions.
Emirates goes double daily to Jakarta from March
Dubai carrier adds three flights to existing schedule after seeing increased demand.
ENOC to charge extra for fuel pump attendants
Motorists will have to pay to use attendants once self service begins by end of H1 2010.
Oman Air sees 17% passenger rise in 2009
Flag carrier to add Katmandu and Kuala Lumpur to schedule this year.
Dubai Metro firm confirms work slowdown, RTA talks
UPDATE 3: Japan’s Obayashi Corp denies it has downed tools in pay delay dispute.
Dubai cruise tourism to grow 30% in 2010
Dubai Cruise Terminal expected to host 120 ships and around 325,000 passengers this year.
Arabtec, Aabar surge ahead of board meetings
UPDATE 5: Banks help Kuwait’s KWSE end higher for 2nd session in three in brisk trading.
30,000 set to march in Bahrain over petrol price hike
Political groups, trade unions to take to streets over potential food, petrol price rise.
Saudi travel to US set to decline amid strict security
Tougher airport checks following bomb attempt to deter Saudis from US travel.
Qatar house prices seen falling 4% in 2010 – study
Samba Financial Group says oversupply, fall in rents set to weaken real estate sector.
UAE advertising spend seen down 27% in 2009
Pan Arab Research Centre says it sees recovery with growth of up to 10% in 2010.
Indonesia may lift ban on sending workers to Kuwait
New agreement could pave way to workers returning amid mistreatment fears.
260 athletes sign up for first ever Abu Dhabi triathlon
Athletes from 25 countries competing for a total prize fund of $115,000.
UAE consumer confidence drops most in global poll
New Neilsen survey of 29 markets reveals impact of Dubai World debts on consumers.
UAE is Hong Kong’s largest export partner in 2009
Total exports from Hong Kong to the UAE reached $2.26m between Jan and Nov.