Gulf Business http://gulfbusiness.com Thu, 18 Sep 2014 10:19:43 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.4 Property Developer Damac Buys Naming Rights For Dubai Metro Station http://gulfbusiness.com/2014/09/property-developer-damac-buys-naming-rights-dubai-metro-station/ http://gulfbusiness.com/2014/09/property-developer-damac-buys-naming-rights-dubai-metro-station/#comments Thu, 18 Sep 2014 10:19:43 +0000 http://gulfbusiness.com/?p=54696 The agreement is a part of RTA’s naming rights project, which aims to raise revenue for the Dubai Metro through branding.

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Abu Dhabi’s Mubadala Posts 23% Profit Rise On Higher JV Income http://gulfbusiness.com/2014/09/abu-dhabis-mubadala-posts-23-profit-rise-higher-jv-income/ http://gulfbusiness.com/2014/09/abu-dhabis-mubadala-posts-23-profit-rise-higher-jv-income/#comments Thu, 18 Sep 2014 10:17:56 +0000 http://gulfbusiness.com/?p=54695 Income from Mubadala's joint venture businesses doubled to Dhs2.12 billion, thanks to Emirates Global Aluminium and Dolphin Energy.

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What To Expect From Cityscape Global 2014 In Dubai http://gulfbusiness.com/2014/09/expect-cityscape-global-2014-dubai/ http://gulfbusiness.com/2014/09/expect-cityscape-global-2014-dubai/#comments Thu, 18 Sep 2014 10:08:41 +0000 http://gulfbusiness.com/?p=54683 This year’s edition of the property event promises huge stands and mega launches, and expects over 35,000 attendees.

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Saudi Fighter With Islamic State Urges Fighters To Wage Jihad In Kingdom http://gulfbusiness.com/2014/09/saudi-fighter-islamic-state-urges-fighters-wage-jihad-kingdom/ http://gulfbusiness.com/2014/09/saudi-fighter-islamic-state-urges-fighters-wage-jihad-kingdom/#comments Thu, 18 Sep 2014 09:36:11 +0000 http://gulfbusiness.com/?p=54688 The man called on his countrymen to attack not only the ruling family and Westerners in Saudi Arabia, but also the Kingdom's senior Muslim clergy.

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Dubai Regulator Imposes Curbs On Local Espirito Santo Bank http://gulfbusiness.com/2014/09/dubai-regulator-imposes-curbs-local-espirito-santo-bank/ http://gulfbusiness.com/2014/09/dubai-regulator-imposes-curbs-local-espirito-santo-bank/#comments Thu, 18 Sep 2014 09:28:08 +0000 http://gulfbusiness.com/?p=54685 ES Bankers (Dubai), part of Espirito Santo group, has been restricted from taking or paying deposits, and is required to maintain and preserve its assets, the DFSA said.

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Indigo Properties To Launch Villa Project, Zen, In Dubai Golf City http://gulfbusiness.com/2014/09/indigo-properties-launch-villa-project-zen-dubai-golf-city/ http://gulfbusiness.com/2014/09/indigo-properties-launch-villa-project-zen-dubai-golf-city/#comments Thu, 18 Sep 2014 06:51:46 +0000 http://gulfbusiness.com/?p=54667 The project will include retail areas, parks, jogging tracks, streams, meditation nooks and sunken pavilions.

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Middle East Banks Buy Vast Majority Of Landmark Goldman Sachs Sukuk http://gulfbusiness.com/2014/09/middle-east-banks-buy-vast-majority-landmark-goldman-sachs-sukuk/ http://gulfbusiness.com/2014/09/middle-east-banks-buy-vast-majority-landmark-goldman-sachs-sukuk/#comments Thu, 18 Sep 2014 06:48:33 +0000 http://gulfbusiness.com/?p=54669 Middle East investors bought 87 per cent of the Goldman sukuk, while 11 per cent went to Europe and two per cent to Asian investors, a document from lead arrangers showed.

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Abu Dhabi’s Waha Capital To Buy Back Up To 10% Of Stock http://gulfbusiness.com/2014/09/abu-dhabis-waha-capital-buy-back-10-stock/ http://gulfbusiness.com/2014/09/abu-dhabis-waha-capital-buy-back-10-stock/#comments Thu, 18 Sep 2014 06:19:48 +0000 http://gulfbusiness.com/?p=54665 Waha said the programme, approved by its board on Wednesday, would allow it to repurchase up to 194 million shares.

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Emirates To Fly ‘One Off’ A380 To Tehran http://gulfbusiness.com/2014/09/emirates-fly-one-a380-tehran/ http://gulfbusiness.com/2014/09/emirates-fly-one-a380-tehran/#comments Thu, 18 Sep 2014 05:46:59 +0000 http://gulfbusiness.com/?p=54649 Dubai carrier ponders regular double-decker services to Iranian capital

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Dubai’s Seven Tides Launches Luxury Penthouses In Palm Jumeirah http://gulfbusiness.com/2014/09/dubais-seven-tides-launches-luxury-penthouses-anantara-residences/ http://gulfbusiness.com/2014/09/dubais-seven-tides-launches-luxury-penthouses-anantara-residences/#comments Thu, 18 Sep 2014 05:37:27 +0000 http://gulfbusiness.com/?p=54650 The prices for the penthouse apartments range from Dhs20.5 million to Dhs40 million, the company said.

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Bug Delays Apple’s HealthKit Availability On iOS 8 http://gulfbusiness.com/2014/09/bug-delays-apples-healthkit-availability-ios-8/ http://gulfbusiness.com/2014/09/bug-delays-apples-healthkit-availability-ios-8/#comments Thu, 18 Sep 2014 04:41:42 +0000 http://gulfbusiness.com/?p=54646 HealthKit gathers data such as blood pressure and weight from various health apps on Apple devices, and can be viewed by doctors at one place.

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Emir Assures Merkel Qatar Doesn’t Fund Extremists In Syria, Iraq http://gulfbusiness.com/2014/09/emir-assures-merkel-qatar-doesnt-fund-extremists-syria-iraq/ http://gulfbusiness.com/2014/09/emir-assures-merkel-qatar-doesnt-fund-extremists-syria-iraq/#comments Thu, 18 Sep 2014 04:32:51 +0000 http://gulfbusiness.com/?p=54643 Angela Merkel said Al Thani had assured her Qatar's security was also at stake in the fight against the Islamic State and that she had "no reason not to believe what the emir said".

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Saudi Utility To Spend $80bn By 2025 To Raise Water Production http://gulfbusiness.com/2014/09/saudi-utility-spend-80bn-2025-raise-water-production/ http://gulfbusiness.com/2014/09/saudi-utility-spend-80bn-2025-raise-water-production/#comments Thu, 18 Sep 2014 03:50:48 +0000 http://gulfbusiness.com/?p=54656 SWCC, also Saudi Arabia's second largest power producer, now produces 3.6 million cubic meters per day of desalinated water.

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German Chancellor Merkel Sees Closer Energy Cooperation With Qatar http://gulfbusiness.com/2014/09/german-chancellor-merkel-sees-closer-energy-cooperation-qatar/ http://gulfbusiness.com/2014/09/german-chancellor-merkel-sees-closer-energy-cooperation-qatar/#comments Wed, 17 Sep 2014 13:37:27 +0000 http://gulfbusiness.com/?p=54638 Qatari ruler Sheikh Tamim bin Hamad Al Thani is currently visiting Berlin.

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Emaar Says Shareholders To Get One Share In Malls IPO For Every 36 Held http://gulfbusiness.com/2014/09/emaar-says-shareholders-get-one-share-malls-ipo-every-36-held/ http://gulfbusiness.com/2014/09/emaar-says-shareholders-get-one-share-malls-ipo-every-36-held/#comments Wed, 17 Sep 2014 13:21:50 +0000 http://gulfbusiness.com/?p=54636 Emaar is aiming to sell two billion shares in EMG, representing 15.4 per cent of the unit's share capital.

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GCC Banks Record Strong Growth Despite Low Interest Rates http://gulfbusiness.com/2014/09/gcc-banks-record-strong-growth-despite-low-interest-rates/ http://gulfbusiness.com/2014/09/gcc-banks-record-strong-growth-despite-low-interest-rates/#comments Wed, 17 Sep 2014 13:21:10 +0000 http://gulfbusiness.com/?p=54625 Improving asset quality and falling credit losses have offset the downside of lower net interest margins, Standard & Poor said in a report.

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Dubai Lender Mashreq Sets Sights On Egypt And Turkey, Says CEO http://gulfbusiness.com/2014/09/dubai-lender-mashreq-interested-stanchart-uae-assets-ceo/ http://gulfbusiness.com/2014/09/dubai-lender-mashreq-interested-stanchart-uae-assets-ceo/#comments Wed, 17 Sep 2014 11:42:27 +0000 http://gulfbusiness.com/?p=54621 Mashreq also has no interest in any of Standard Chartered's UAE operations, CEO Abdul Aziz al-Ghurair said on the sidelines of a company event in Dubai.

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ENEC Says UAE’s First Nuclear Reactor Is 57% Complete http://gulfbusiness.com/2014/09/enec-says-uaes-first-nuclear-reactor-57-complete/ http://gulfbusiness.com/2014/09/enec-says-uaes-first-nuclear-reactor-57-complete/#comments Wed, 17 Sep 2014 11:41:56 +0000 http://gulfbusiness.com/?p=54620 The first nuclear reactor is scheduled to enter commercial operations by 2017, the UAE’s nuclear agency said.

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Saudi Arabia’s Top Clerics Speak Out Against Militancy http://gulfbusiness.com/2014/09/saudi-arabias-top-clerics-speak-militancy/ http://gulfbusiness.com/2014/09/saudi-arabias-top-clerics-speak-militancy/#comments Wed, 17 Sep 2014 11:14:57 +0000 http://gulfbusiness.com/?p=54618 A statement from the state-appointed Council of Senior Scholars has also called for prohibiting militant financing.

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Pictures: Qatar Airways Receives First Airbus A380 http://gulfbusiness.com/2014/09/pictures-qatar-airways-receives-first-airbus-a380/ http://gulfbusiness.com/2014/09/pictures-qatar-airways-receives-first-airbus-a380/#comments Wed, 17 Sep 2014 11:10:23 +0000 http://gulfbusiness.com/?p=54606 The Qatari carrier will deploy the jumbo jet on its Doha- London route from October.

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