Gulf Business http://gulfbusiness.com Thu, 28 May 2015 05:14:43 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.8 Saudi designates two senior Hezbollah officials as terrorists http://gulfbusiness.com/2015/05/saudi-designates-two-senior-hezbollah-officials-terrorists/ http://gulfbusiness.com/2015/05/saudi-designates-two-senior-hezbollah-officials-terrorists/#comments Thu, 28 May 2015 04:21:17 +0000 http://gulfbusiness.com/?p=69890 Khalil Youssef Harb and Mohammed Qabalan have been banned from any dealings with Saudis.

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Oman to deport over 1,000 foreign workers at airport project http://gulfbusiness.com/2015/05/oman-deport-1000-foreign-workers-airport-project/ http://gulfbusiness.com/2015/05/oman-deport-1000-foreign-workers-airport-project/#comments Wed, 27 May 2015 14:12:07 +0000 http://gulfbusiness.com/?p=69886 The labourers reportedly did not have the necessary work permits for the construction sector.

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Etihad to support 23,400 jobs, add $2.9bn to US economy in 2015 – study http://gulfbusiness.com/2015/05/etihad-support-23400-jobs-add-2-9bn-us-economy-2015-study/ http://gulfbusiness.com/2015/05/etihad-support-23400-jobs-add-2-9bn-us-economy-2015-study/#comments Wed, 27 May 2015 14:09:14 +0000 http://gulfbusiness.com/?p=69884 By 2020, the airline will have committed $41 billion to the US’ GDP, an Etihad-commissioned study by Oxford found.

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Chevron says output from Saudi-Kuwait joint Wafra oilfield to remain shut http://gulfbusiness.com/2015/05/chevron-says-output-saudi-kuwait-joint-wafra-oilfield-remain-shut/ http://gulfbusiness.com/2015/05/chevron-says-output-saudi-kuwait-joint-wafra-oilfield-remain-shut/#comments Wed, 27 May 2015 12:01:47 +0000 http://gulfbusiness.com/?p=69879 The oilfield will not be reopened until difficulties to operate there are resolved, the US firm said.

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Air strikes kill at least 80 in deadliest bombings of Yemen war http://gulfbusiness.com/2015/05/air-strikes-kill-least-40-yemeni-capital/ http://gulfbusiness.com/2015/05/air-strikes-kill-least-40-yemeni-capital/#comments Wed, 27 May 2015 11:23:23 +0000 http://gulfbusiness.com/?p=69877 Arab warplanes and ships also hammered Yemen's largest military port in the Red Sea city of Hodeida at dawn on Wednesday.

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Stock News: Qatar drops on FIFA World Cup probe, arrests http://gulfbusiness.com/2015/05/stock-news-qatar-drops-fifa-world-cup-probe-arrests/ http://gulfbusiness.com/2015/05/stock-news-qatar-drops-fifa-world-cup-probe-arrests/#comments Wed, 27 May 2015 09:57:21 +0000 http://gulfbusiness.com/?p=69871 The Doha index dropped 2.3 per cent to a one-month low of 12,123 points in a broad sell-off.

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Qatar remains 2022 World Cup host even as Swiss investigate FIFA officials http://gulfbusiness.com/2015/05/swiss-open-criminal-proceedings-tied-2018-2022-world-cup-bids/ http://gulfbusiness.com/2015/05/swiss-open-criminal-proceedings-tied-2018-2022-world-cup-bids/#comments Wed, 27 May 2015 09:29:02 +0000 http://gulfbusiness.com/?p=69869 Several high-ranking soccer officials, including two vice-presidents of FIFA, were arrested by Swiss police on Wednesday.

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The MENA region must invest in technology to solve social issues http://gulfbusiness.com/2015/05/why-the-mena-region-must-invest-in-technology-to-face-socio-economic-issues/ http://gulfbusiness.com/2015/05/why-the-mena-region-must-invest-in-technology-to-face-socio-economic-issues/#comments Wed, 27 May 2015 09:05:00 +0000 http://gulfbusiness.com/?p=69859 Issues like unemployment and healthcare can be addressed with technology, writes John Chambers, chairman and CEO of Cisco.

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Abu Dhabi fund ADIA names Pandtle head of US internal equities http://gulfbusiness.com/2015/05/abu-dhabi-fund-adia-names-pandtle-head-us-internal-equities/ http://gulfbusiness.com/2015/05/abu-dhabi-fund-adia-names-pandtle-head-us-internal-equities/#comments Wed, 27 May 2015 08:55:05 +0000 http://gulfbusiness.com/?p=69860 Pandtle, who previously worked at Eagle Asset Management, will oversee the management of US-focused equity portfolios run by the fund.

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Lenovo to bring Motorola brand to Middle East later this year http://gulfbusiness.com/2015/05/lenovo-bring-motorola-brand-middle-east-later-year/ http://gulfbusiness.com/2015/05/lenovo-bring-motorola-brand-middle-east-later-year/#comments Wed, 27 May 2015 08:11:14 +0000 http://gulfbusiness.com/?p=69852 The move will see Motorola smartphones available in the region for the first time.

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New Bollywood movie ‘Dishoom’ to film in Abu Dhabi http://gulfbusiness.com/2015/05/new-bollywood-movie-dishoom-film-abu-dhabi/ http://gulfbusiness.com/2015/05/new-bollywood-movie-dishoom-film-abu-dhabi/#comments Wed, 27 May 2015 08:01:18 +0000 http://gulfbusiness.com/?p=69848 The movie, starring John Abraham and Varun Dhawan, is scheduled to film in the emirate in late 2015.

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Bahrain sovereign fund Mumtalakat 2014 net profit up 10.8% http://gulfbusiness.com/2015/05/bahrain-sovereign-fund-mumtalakat-2014-net-profit-10-8/ http://gulfbusiness.com/2015/05/bahrain-sovereign-fund-mumtalakat-2014-net-profit-10-8/#comments Wed, 27 May 2015 05:58:16 +0000 http://gulfbusiness.com/?p=69845 The fund holds stakes in Bahraini companies including Aluminium Bahrain (Alba), Gulf Air and Batelco.

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If you want Qatar state contracts, give us flight slots, says airline CEO http://gulfbusiness.com/2015/05/want-qatar-state-contracts-give-us-flight-slots-says-airline-ceo/ http://gulfbusiness.com/2015/05/want-qatar-state-contracts-give-us-flight-slots-says-airline-ceo/#comments Wed, 27 May 2015 05:17:44 +0000 http://gulfbusiness.com/?p=69833 Akbar Al Baker's remarks come after the Dutch government said it will temporarily stop granting new slots at Schiphol to Gulf airlines.

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Nakheel says work on The Pointe mall at Palm Jumeirah 30% complete http://gulfbusiness.com/2015/05/nakheel-says-construction-pointe-mall-palm-jumeirah-30-complete/ http://gulfbusiness.com/2015/05/nakheel-says-construction-pointe-mall-palm-jumeirah-30-complete/#comments Wed, 27 May 2015 05:11:48 +0000 http://gulfbusiness.com/?p=69838 The developer says Dhs800 million mall on track for opening in 2016.

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Iran, Oman discuss Yemen war, settle maritime borders http://gulfbusiness.com/2015/05/iran-oman-discuss-yemen-war-settle-maritime-borders/ http://gulfbusiness.com/2015/05/iran-oman-discuss-yemen-war-settle-maritime-borders/#comments Wed, 27 May 2015 04:26:16 +0000 http://gulfbusiness.com/?p=69835 Foreign ministers from both the countries discussed implementing a ceasefire in Yemen.

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Dubai’s Marka acquires stake in UK-based e-commerce site Icons http://gulfbusiness.com/2015/05/dubais-marka-acquires-stake-uk-based-e-commerce-site-icons/ http://gulfbusiness.com/2015/05/dubais-marka-acquires-stake-uk-based-e-commerce-site-icons/#comments Tue, 26 May 2015 13:43:34 +0000 http://gulfbusiness.com/?p=69829 The company purchased a 65 per cent stake in sports merchandise retailer Icons for a value of Dhs15.3 million.

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Dubai Aerospace sells US aircraft maintenance firm StandardAero http://gulfbusiness.com/2015/05/dubai-aerospace-sells-us-aircraft-maintenance-firm-standardaero/ http://gulfbusiness.com/2015/05/dubai-aerospace-sells-us-aircraft-maintenance-firm-standardaero/#comments Tue, 26 May 2015 12:10:56 +0000 http://gulfbusiness.com/?p=69823 The terms of the transaction were not disclosed but earlier reports hinted that the sale was worth at least $1.8 billion.

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Oman cuts defence, subsidy spending, keeps investing as oil sags http://gulfbusiness.com/2015/05/oman-cuts-defence-subsidy-spending-keeps-investing-oil-sags/ http://gulfbusiness.com/2015/05/oman-cuts-defence-subsidy-spending-keeps-investing-oil-sags/#comments Tue, 26 May 2015 12:06:38 +0000 http://gulfbusiness.com/?p=69820 Spending on "participation and support", which includes subsidies, fell 48 per cent to OMR189.0 million in the first quarter of this year.

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Dubai’s Marka to invest Dhs250m in 2015, eyes two deals http://gulfbusiness.com/2015/05/dubais-marka-invest-dhs250m-2015-eyes-two-deals/ http://gulfbusiness.com/2015/05/dubais-marka-invest-dhs250m-2015-eyes-two-deals/#comments Tue, 26 May 2015 11:13:38 +0000 http://gulfbusiness.com/?p=69816 The company is looking to close deals in the UAE’s hospitality and retail sectors, officials said.

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Bahrain to cut subsidies for expats as oil slump bites http://gulfbusiness.com/2015/05/bahrain-cut-subsidies-expats-oil-slump-bites/ http://gulfbusiness.com/2015/05/bahrain-cut-subsidies-expats-oil-slump-bites/#comments Tue, 26 May 2015 11:03:11 +0000 http://gulfbusiness.com/?p=69814 The government will redirect subsidy policies to benefit local citizens only, an official said.

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