Gulf Business http://gulfbusiness.com Tue, 07 Jul 2015 11:16:23 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.8 UAE crude oil exports to fall in Q4 on refining boost -sources http://gulfbusiness.com/2015/07/uae-crude-oil-exports-fall-q4-refining-boost-sources/ http://gulfbusiness.com/2015/07/uae-crude-oil-exports-fall-q4-refining-boost-sources/#comments Tue, 07 Jul 2015 10:13:57 +0000 http://gulfbusiness.com/?p=71731 The added refining capacity is expected to eat into crude available for exports, Gulf-based oil and trading sources said

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Movenpick Hotels & Resorts to open fourth hotel in Jeddah http://gulfbusiness.com/2015/07/movenpick-hotels-resorts-open-fourth-hotel-jeddah/ http://gulfbusiness.com/2015/07/movenpick-hotels-resorts-open-fourth-hotel-jeddah/#comments Tue, 07 Jul 2015 09:59:42 +0000 http://gulfbusiness.com/?p=71725 The new hotel is scheduled to open in the first quarter of 2019 and will be located on Prince Sultan road in Jeddah

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Abraaj Group buys majority stake in Nigerian mattress maker Mouka http://gulfbusiness.com/2015/07/abraaj-group-buys-majority-stake-nigerian-mattress-maker-mouka/ http://gulfbusiness.com/2015/07/abraaj-group-buys-majority-stake-nigerian-mattress-maker-mouka/#comments Tue, 07 Jul 2015 09:42:34 +0000 http://gulfbusiness.com/?p=71723 The founding family of Mouka who will retain a minority stake in the company, a statement said

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UAE cabinet approves draft law on bankruptcy http://gulfbusiness.com/2015/07/uae-cabinet-approves-draft-law-bankruptcy/ http://gulfbusiness.com/2015/07/uae-cabinet-approves-draft-law-bankruptcy/#comments Tue, 07 Jul 2015 08:40:40 +0000 http://gulfbusiness.com/?p=71720 The draft law reportedly presents “flexible strategies” to bailout businesses that are facing bankruptcy

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UAE businessman Abdullah al-Ghurair gives third of assets to charity http://gulfbusiness.com/2015/07/uae-businessman-abdullah-al-ghurair-gives-third-assets-charity/ http://gulfbusiness.com/2015/07/uae-businessman-abdullah-al-ghurair-gives-third-assets-charity/#comments Tue, 07 Jul 2015 08:10:22 +0000 http://gulfbusiness.com/?p=71718 Al Ghurair has donated a third of his assets to an educational foundation as part of a charity drive

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Kuwait stops issuing visas for expats’ parents http://gulfbusiness.com/2015/07/kuwait-stops-issuing-visas-expats-parents/ http://gulfbusiness.com/2015/07/kuwait-stops-issuing-visas-expats-parents/#comments Tue, 07 Jul 2015 07:40:13 +0000 http://gulfbusiness.com/?p=71715 The government has also reformed the validity of family visit visas issued for expats, an official said

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Stock news: Oil plunge may depress Gulf; Emaar Misr key for Egypt http://gulfbusiness.com/2015/07/stock-news-oil-plunge-may-depress-gulf-emaar-misr-key-egypt/ http://gulfbusiness.com/2015/07/stock-news-oil-plunge-may-depress-gulf-emaar-misr-key-egypt/#comments Tue, 07 Jul 2015 05:52:36 +0000 http://gulfbusiness.com/?p=71713 Brent crude dived more than 6 per cent on Monday into the $56 a barrel level

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Three Saudi brothers arrested over links to Kuwait ISIL bombing http://gulfbusiness.com/2015/07/three-saudi-brothers-arrested-over-links-to-kuwait-isil-bombing/ http://gulfbusiness.com/2015/07/three-saudi-brothers-arrested-over-links-to-kuwait-isil-bombing/#comments Tue, 07 Jul 2015 05:36:21 +0000 http://gulfbusiness.com/?p=71705 The bombing, which killed 27 people, was Kuwait's deadliest militant attack

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Sheikh Mohammed reaffirms UAE’s focus on gender equality http://gulfbusiness.com/2015/07/sheikh-mohammed-reaffirms-uaes-focus-gender-equality/ http://gulfbusiness.com/2015/07/sheikh-mohammed-reaffirms-uaes-focus-gender-equality/#comments Tue, 07 Jul 2015 05:26:45 +0000 http://gulfbusiness.com/?p=71701 The UAE set up the Gender Balance Council earlier this year to empower women in the country

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Saudi-led air strikes kill nearly 100 in Yemen http://gulfbusiness.com/2015/07/saudi-led-air-strikes-kill-nearly-100-yemen-weigh-truce-talks/ http://gulfbusiness.com/2015/07/saudi-led-air-strikes-kill-nearly-100-yemen-weigh-truce-talks/#comments Tue, 07 Jul 2015 04:23:02 +0000 http://gulfbusiness.com/?p=71698 The UN has been pushing for a halt to the air strikes and fighting that has killed nearly 3,000 people in Yemen since March

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Kuwait detains 26 over deadly ISIL attack on mosque http://gulfbusiness.com/2015/07/kuwait-detains-26-isil-suicide-attack-mosque/ http://gulfbusiness.com/2015/07/kuwait-detains-26-isil-suicide-attack-mosque/#comments Tue, 07 Jul 2015 04:16:57 +0000 http://gulfbusiness.com/?p=71696 The suicide bombing on a Shi'ite Muslim mosque last month killed 27 people

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Five minutes with… Keesoo Kim, president and head of Cheil MENA http://gulfbusiness.com/2015/07/five-minutes-with-keesoo-kim-president-and-head-of-cheil-mena/ http://gulfbusiness.com/2015/07/five-minutes-with-keesoo-kim-president-and-head-of-cheil-mena/#comments Tue, 07 Jul 2015 04:00:58 +0000 http://gulfbusiness.com/?p=71687 Spend in traditional media is declining with most brands focussing on digital, says Kim

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Egypt arrests Brotherhood members for alleged Suez plot http://gulfbusiness.com/2015/07/egypt-arrests-brotherhood-members-alleged-suez-plot/ http://gulfbusiness.com/2015/07/egypt-arrests-brotherhood-members-alleged-suez-plot/#comments Mon, 06 Jul 2015 12:27:21 +0000 http://gulfbusiness.com/?p=71694 The security sources said the men formed a 13-member cell that included an employee at the Suez Canal Authority

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Aluminium Bahrain says Q2 production rises 3.1% http://gulfbusiness.com/2015/07/aluminium-bahrain-says-q2-production-rises-3-1/ http://gulfbusiness.com/2015/07/aluminium-bahrain-says-q2-production-rises-3-1/#comments Mon, 06 Jul 2015 12:00:08 +0000 http://gulfbusiness.com/?p=71690 The company said second-quarter production stood at 238,904 tonnes against 231,713 tonnes in the same 2014 period

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Emirates to launch services to Iranian city of Mashhad http://gulfbusiness.com/2015/07/emirates-launch-services-iranian-city-mashhad/ http://gulfbusiness.com/2015/07/emirates-launch-services-iranian-city-mashhad/#comments Mon, 06 Jul 2015 11:40:03 +0000 http://gulfbusiness.com/?p=71682 The airline will soon begin a weekly service to Mashhad, its second destination in Iran

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Dubai property market unlikely to see drastic correction – survey http://gulfbusiness.com/2015/07/dubai-property-market-unlikely-see-drastic-correction-survey/ http://gulfbusiness.com/2015/07/dubai-property-market-unlikely-see-drastic-correction-survey/#comments Mon, 06 Jul 2015 10:40:04 +0000 http://gulfbusiness.com/?p=71680 The majority of business executives say any losses or gains in the Dubai property market will be within 10 per cent of current values, a new survey showed

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GCC smartphone market up 21% in Q1 – IDC http://gulfbusiness.com/2015/07/gcc-smartphone-market-21-q1-idc/ http://gulfbusiness.com/2015/07/gcc-smartphone-market-21-q1-idc/#comments Mon, 06 Jul 2015 09:59:45 +0000 http://gulfbusiness.com/?p=71677 The smartphone market's share in the region is now just under 77 per cent

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UAE bank ADIB targets 2016 acquisitions, eyes Asia, Middle East http://gulfbusiness.com/2015/07/uae-bank-adib-targets-2016-acquisitions-eyes-asia-middle-east/ http://gulfbusiness.com/2015/07/uae-bank-adib-targets-2016-acquisitions-eyes-asia-middle-east/#comments Mon, 06 Jul 2015 08:26:42 +0000 http://gulfbusiness.com/?p=71663 The bank is looking for opportunities in Malaysia and Indonesia, as well as Algeria, Jordan and Morocco, its CEO said

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Why a Greek tragedy is now unfolding http://gulfbusiness.com/2015/07/why-a-greek-tragedy-is-now-unfolding/ http://gulfbusiness.com/2015/07/why-a-greek-tragedy-is-now-unfolding/#comments Mon, 06 Jul 2015 08:11:48 +0000 http://gulfbusiness.com/?p=71652 Zero hope, zero reform and zero willingness to change equals Greece of tomorrow, writes Saxo Bank's chief economist

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Abraaj Capital sells 13.6% stake in Africa’s UAP Holdings http://gulfbusiness.com/2015/07/abraaj-capital-sells-13-6-stake-africas-uap-holdings/ http://gulfbusiness.com/2015/07/abraaj-capital-sells-13-6-stake-africas-uap-holdings/#comments Mon, 06 Jul 2015 07:24:42 +0000 http://gulfbusiness.com/?p=71650 Abraaj sold its stake in the African insurance firm to London-based banking group Mutual plc

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