Gulf Business http://gulfbusiness.com Tue, 28 Jul 2015 06:41:51 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.9 Dubai real estate agency S&K shuts down, files for bankruptcy http://gulfbusiness.com/2015/07/dubai-real-estate-agency-sk-files-bankruptcy/ http://gulfbusiness.com/2015/07/dubai-real-estate-agency-sk-files-bankruptcy/#comments Tue, 28 Jul 2015 05:58:03 +0000 http://gulfbusiness.com/?p=72653 S&K Estate Agents (also known as Smith and Ken) has been handed to liquidators in a process to pay back creditors

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Emirates to launch second daily service to Lisbon from Jan 2016 http://gulfbusiness.com/2015/07/emirates-launch-second-daily-service-lisbon-jan-2016/ http://gulfbusiness.com/2015/07/emirates-launch-second-daily-service-lisbon-jan-2016/#comments Tue, 28 Jul 2015 05:26:14 +0000 http://gulfbusiness.com/?p=72648 The new service will be operated by a Boeing 777-300 aircraft and follows strong demand on the route, the airline said

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Saudi Arabia accuses Iran of making threats to Bahrain http://gulfbusiness.com/2015/07/saudi-arabia-accuses-iran-of-making-threats-to-bahrain/ http://gulfbusiness.com/2015/07/saudi-arabia-accuses-iran-of-making-threats-to-bahrain/#comments Tue, 28 Jul 2015 04:45:33 +0000 http://gulfbusiness.com/?p=72646 The kingdom's foreign minister said Tehran was intervening in its neighbours' internal affairs

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Tips for HR to drive employee engagement in an organisation http://gulfbusiness.com/2015/07/tips-for-hr-to-drive-employee-engagement-in-an-organisation/ http://gulfbusiness.com/2015/07/tips-for-hr-to-drive-employee-engagement-in-an-organisation/#comments Tue, 28 Jul 2015 04:00:09 +0000 http://gulfbusiness.com/?p=72182 Know your workforce and communicate well with them, writes the CEO of Aon Hewitt Middle East Markus Wiesner

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UAE to cut state spending by 4.2% this year – central bank http://gulfbusiness.com/2015/07/uae-cut-state-spending-4-2-year-central-bank/ http://gulfbusiness.com/2015/07/uae-cut-state-spending-4-2-year-central-bank/#comments Mon, 27 Jul 2015 14:00:27 +0000 http://gulfbusiness.com/?p=72641 Consolidated government spending is expected to drop to Dhs 460.6bn in 2015 from Dhs 480.8bn in 2014

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Standard Chartered appoints audit head as new UAE chief executive http://gulfbusiness.com/2015/07/standard-chartered-appoints-audit-head-new-uae-chief-executive/ http://gulfbusiness.com/2015/07/standard-chartered-appoints-audit-head-new-uae-chief-executive/#comments Mon, 27 Jul 2015 13:59:39 +0000 http://gulfbusiness.com/?p=72644 Group head of internal audit Julian Wynter will replace Mohsin Nathani, who resigned from the bank in April, sources said

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Houthis, Saudi-led coalition fight on as Yemen ceasefire quickly unravels http://gulfbusiness.com/2015/07/houthis-saudi-led-coalition-fight-yemen-ceasefire-quickly-unravels/ http://gulfbusiness.com/2015/07/houthis-saudi-led-coalition-fight-yemen-ceasefire-quickly-unravels/#comments Mon, 27 Jul 2015 13:57:20 +0000 http://gulfbusiness.com/?p=72640 The Arab coalition fighting the Houthis had announced a five-day truce from 11:59 pm on Sunday to allow in emergency aid

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RBS ends plan to sell UAE transaction services to ADCB http://gulfbusiness.com/2015/07/rbs-ends-plan-sell-uae-transaction-services-adcb/ http://gulfbusiness.com/2015/07/rbs-ends-plan-sell-uae-transaction-services-adcb/#comments Mon, 27 Jul 2015 12:21:30 +0000 http://gulfbusiness.com/?p=72636 The deal was called off in part because ADCB asked at a late stage to select which of RBS' customers it would take, sources said

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Dubai Financial Market Q2 net profit drops 48% http://gulfbusiness.com/2015/07/dubai-financial-market-q2-net-profit-drops-48/ http://gulfbusiness.com/2015/07/dubai-financial-market-q2-net-profit-drops-48/#comments Mon, 27 Jul 2015 12:07:08 +0000 http://gulfbusiness.com/?p=72634 The firm, which runs securities trading in Dubai, made a net profit of Dhs 132.4m in Q2

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Five minutes with… Fujitsu Middle East VP and MD Farid Al-Sabbagh http://gulfbusiness.com/2015/07/five-minutes-fujitsu-middle-east-vp-md-farid-al-sabbagh/ http://gulfbusiness.com/2015/07/five-minutes-fujitsu-middle-east-vp-md-farid-al-sabbagh/#comments Mon, 27 Jul 2015 11:52:23 +0000 http://gulfbusiness.com/?p=72629 Al-Sabbagh provides details about the new supercomputer that Fujitsu helped deliver to the King Abdul-Aziz University in Saudi

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LuLu group buys London’s Great Scotland Yard building for $170m http://gulfbusiness.com/2015/07/lulu-group-buys-londons-great-scotland-yard-building-170m/ http://gulfbusiness.com/2015/07/lulu-group-buys-londons-great-scotland-yard-building-170m/#comments Mon, 27 Jul 2015 11:06:12 +0000 http://gulfbusiness.com/?p=72624 The iconic building is currently being converted into a five-star hotel

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Nakheel posts 53% net profit rise in first half of 2015 http://gulfbusiness.com/2015/07/nakheel-posts-53-net-profit-rise-first-half-2015/ http://gulfbusiness.com/2015/07/nakheel-posts-53-net-profit-rise-first-half-2015/#comments Mon, 27 Jul 2015 09:40:22 +0000 http://gulfbusiness.com/?p=72620 The company attributed the increase in profit to a rise in property handovers

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Drake & Scull wins Dhs 281m deal for Kuwait education project http://gulfbusiness.com/2015/07/drake-scull-wins-dhs-281m-deal-kuwait-education-project/ http://gulfbusiness.com/2015/07/drake-scull-wins-dhs-281m-deal-kuwait-education-project/#comments Mon, 27 Jul 2015 07:56:06 +0000 http://gulfbusiness.com/?p=72617 DSI will undertake mechanical, electrical and plumbing works for the educational institution, slated for completion in 2018

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British man arrested in Abu Dhabi airport for “insulting the UAE” http://gulfbusiness.com/2015/07/british-man-arrested-abu-dhabi-airport-insulting-uae/ http://gulfbusiness.com/2015/07/british-man-arrested-abu-dhabi-airport-insulting-uae/#comments Mon, 27 Jul 2015 05:36:28 +0000 http://gulfbusiness.com/?p=72613 The man was also accused of verbally abusing security officers at the airport

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Dubai Holding unit seeking to sell stake in Maltese telco Go http://gulfbusiness.com/2015/07/dubai-holding-unit-seeking-sell-stake-maltese-telco-go/ http://gulfbusiness.com/2015/07/dubai-holding-unit-seeking-sell-stake-maltese-telco-go/#comments Mon, 27 Jul 2015 04:48:34 +0000 http://gulfbusiness.com/?p=72608 Emirates International Telecommunications has a 60 per cent stake in Go

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UAE’s First Gulf Bank Q2 profit boosted by lending rise http://gulfbusiness.com/2015/07/uaes-first-gulf-bank-q2-profit-boosted-lending-rise/ http://gulfbusiness.com/2015/07/uaes-first-gulf-bank-q2-profit-boosted-lending-rise/#comments Mon, 27 Jul 2015 04:45:32 +0000 http://gulfbusiness.com/?p=72606 FGB made a net profit of Dhs 1.45bn for the three months to June 2015, up 8 per cent to Q2 2014

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Could technology drive IT out of business? http://gulfbusiness.com/2015/07/technology-drive-business/ http://gulfbusiness.com/2015/07/technology-drive-business/#comments Mon, 27 Jul 2015 04:00:25 +0000 http://gulfbusiness.com/?p=72186 The IT department is expected to undergo a sea change as it adopts cloud, mobile, social, and big data technologies, says IDC MEA and Turkey's group VP and regional MD.

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Dubai residential rents fell 3% in Q2 – ADIB report http://gulfbusiness.com/2015/07/dubai-residential-rents-fell-3-q2-adib-report/ http://gulfbusiness.com/2015/07/dubai-residential-rents-fell-3-q2-adib-report/#comments Sun, 26 Jul 2015 11:09:35 +0000 http://gulfbusiness.com/?p=72589 The drop in rents was attributed to a surge in supply

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Iran’s foreign minister begins GCC, Iraq tour to defend nuclear deal http://gulfbusiness.com/2015/07/irans-foreign-minister-begins-gcc-iraq-tour-defend-nuclear-deal/ http://gulfbusiness.com/2015/07/irans-foreign-minister-begins-gcc-iraq-tour-defend-nuclear-deal/#comments Sun, 26 Jul 2015 10:42:14 +0000 http://gulfbusiness.com/?p=72587 Mohammad Javad Zarif is visiting Kuwait and Qatar before heading to Iraq

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Houthis, Saudi-led coalition fight for Yemen air base http://gulfbusiness.com/2015/07/houthis-saudi-led-coalition-fight-yemen-air-base/ http://gulfbusiness.com/2015/07/houthis-saudi-led-coalition-fight-yemen-air-base/#comments Sun, 26 Jul 2015 09:24:44 +0000 http://gulfbusiness.com/?p=72585 The al-Anad base, 50 km from Aden, has been held by the Iranian-allied Houthi movement

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