Gulf Business http://gulfbusiness.com Wed, 27 Aug 2014 14:01:48 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.4 Ras Al Khaimah Nets $118m In Tourism Revenues In H1 http://gulfbusiness.com/2014/08/ras-al-khaimah-nets-118m-tourism-revenues-h1/ http://gulfbusiness.com/2014/08/ras-al-khaimah-nets-118m-tourism-revenues-h1/#comments Wed, 27 Aug 2014 13:37:57 +0000 http://gulfbusiness.com/?p=53341 Occupancy levels across Ras Al Khaimah’s hotels reached 64.11 per cent while the average daily rate amounted to $69.85, generating revenues worth $14.9 million.

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Nakheel To Build 12-Storey Residential Tower For Lease In Palm Jumeirah http://gulfbusiness.com/2014/08/nakheel-build-12-storey-residential-tower-lease-palm-jumeirah/ http://gulfbusiness.com/2014/08/nakheel-build-12-storey-residential-tower-lease-palm-jumeirah/#comments Wed, 27 Aug 2014 13:11:29 +0000 http://gulfbusiness.com/?p=53336 The developer has awarded a contract worth around Dhs75 million to UAE-based Trojan General Contracting to build the complex.

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Former CEO Of Dubai’s Arabtec Says Wants Over Dhs5 Per Share http://gulfbusiness.com/2014/08/former-ceo-dubais-arabtec-says-wants-dhs5-per-share/ http://gulfbusiness.com/2014/08/former-ceo-dubais-arabtec-says-wants-dhs5-per-share/#comments Wed, 27 Aug 2014 13:11:18 +0000 http://gulfbusiness.com/?p=53335 Hasan Ismaik, the former CEO of Arabtec, confirmed that he was in talks with Abu Dhabi state fund Aabar to sell part of his stake.

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IMF’s Lagarde Put Under Investigation In French Fraud Case http://gulfbusiness.com/2014/08/imfs-lagarde-put-investigation-french-fraud-case/ http://gulfbusiness.com/2014/08/imfs-lagarde-put-investigation-french-fraud-case/#comments Wed, 27 Aug 2014 10:57:10 +0000 http://gulfbusiness.com/?p=53327 Christine Lagarde was questioned by magistrates in Paris for a fourth time this week under her existing status as a witness in a political fraud affair.

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Dubai’s GEMS To Open Its First School In Qatar http://gulfbusiness.com/2014/08/dubais-gems-open-first-school-qatar/ http://gulfbusiness.com/2014/08/dubais-gems-open-first-school-qatar/#comments Wed, 27 Aug 2014 09:37:27 +0000 http://gulfbusiness.com/?p=53319 GEMS American Academy-Qatar will begin with primary school but will expand to secondary education in the coming years, the operator said in a statement.

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HOK-Arup Consortium Appointed To Design Dubai Expo 2020 Host Venue http://gulfbusiness.com/2014/08/hok-arup-consortium-appointed-design-dubai-expo-2020-host-venue/ http://gulfbusiness.com/2014/08/hok-arup-consortium-appointed-design-dubai-expo-2020-host-venue/#comments Wed, 27 Aug 2014 09:36:05 +0000 http://gulfbusiness.com/?p=53318 The contractors, who designed the project from the Expo 2020 bid phase, are currently undertaking site readiness activities.

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What’s In The Gaza Peace Deal? http://gulfbusiness.com/2014/08/whats-gaza-peace-deal/ http://gulfbusiness.com/2014/08/whats-gaza-peace-deal/#comments Wed, 27 Aug 2014 08:54:48 +0000 http://gulfbusiness.com/?p=53309 Both sides have agreed to address issues such as the release of Palestinian prisoners and Gaza's demands for a sea port.

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Dubai’s Damac Launches More Units For Sale At AKOYA Oxygen Project http://gulfbusiness.com/2014/08/dubai-damac-launches-units-sale-akoya-oxygen-project/ http://gulfbusiness.com/2014/08/dubai-damac-launches-units-sale-akoya-oxygen-project/#comments Wed, 27 Aug 2014 08:02:32 +0000 http://gulfbusiness.com/?p=53310 The developer said that it preponed the second release of units at the AKOYA development owing to strong investor demand.

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Stock News: Arabtec Lifts Dubai http://gulfbusiness.com/2014/08/stock-news-arabtec-lifts-dubai/ http://gulfbusiness.com/2014/08/stock-news-arabtec-lifts-dubai/#comments Wed, 27 Aug 2014 07:25:11 +0000 http://gulfbusiness.com/?p=53307 Investors are hoping Abu Dhabi's Aabar will soon buy a part of the 27.9 per cent stake held by Arabtec's former CEO Hasan Ismaik.

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Aldar Readies To Open Abu Dhabi’s Largest Geant Store In Yas Mall http://gulfbusiness.com/2014/08/aldar-readies-to-open-abu-dhabis-largest-geant-store-in-yas-mall/ http://gulfbusiness.com/2014/08/aldar-readies-to-open-abu-dhabis-largest-geant-store-in-yas-mall/#comments Wed, 27 Aug 2014 07:16:16 +0000 http://gulfbusiness.com/?p=53303 Yas Mall, set to open in November, is slated to become the emirate’s first ‘super-regional’ mall.

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Gaza Ceasefire Holds As Focus Turns To Longer Term http://gulfbusiness.com/2014/08/gaza-ceasefire-holds-focus-turns-longer-term/ http://gulfbusiness.com/2014/08/gaza-ceasefire-holds-focus-turns-longer-term/#comments Wed, 27 Aug 2014 06:40:18 +0000 http://gulfbusiness.com/?p=53300 The deal, which took effect on Tuesday evening, called for an indefinite halt to hostilities and the immediate opening of Gaza's blockaded crossings with Israel and Egypt.

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Bahrain’s Gulf Finance House Gets $105m Facility From Kuwait Finance http://gulfbusiness.com/2014/08/bahrains-gulf-finance-house-gets-105m-facility-kuwait-finance/ http://gulfbusiness.com/2014/08/bahrains-gulf-finance-house-gets-105m-facility-kuwait-finance/#comments Wed, 27 Aug 2014 05:22:45 +0000 http://gulfbusiness.com/?p=53291 The facility will help GFH redeem two syndicated debt facilities and allow the release of some major assets.

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Iranian Minister Says Saudi Talks “Constructive” http://gulfbusiness.com/2014/08/iranian-minister-says-saudi-talks-constructive/ http://gulfbusiness.com/2014/08/iranian-minister-says-saudi-talks-constructive/#comments Wed, 27 Aug 2014 04:53:42 +0000 http://gulfbusiness.com/?p=53290 Hossein Abdollahian was in Jeddah for the first high-level talks between the two nations since Hassan Rouhani was elected Iran's president.

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Apple Planning 12.9-Inch iPad For 2015 http://gulfbusiness.com/2014/08/apple-planning-12-9-inch-ipad-2015/ http://gulfbusiness.com/2014/08/apple-planning-12-9-inch-ipad-2015/#comments Wed, 27 Aug 2014 04:45:08 +0000 http://gulfbusiness.com/?p=53288 Apple has been working with its suppliers for over a year on larger touch-screen devices, Bloomberg reported.

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Saudi Holds Eight Suspected Of Inciting Youths To Fight Abroad http://gulfbusiness.com/2014/08/saudi-holds-eight-suspected-inciting-youths-fight-abroad/ http://gulfbusiness.com/2014/08/saudi-holds-eight-suspected-inciting-youths-fight-abroad/#comments Wed, 27 Aug 2014 04:41:53 +0000 http://gulfbusiness.com/?p=53284 Saudi Arabia has banned citizens from fighting abroad, donating money to any faction or sympathising with militant ideologies.

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Burger King To Buy Canada’s Tim Hortons For $11.5 billion http://gulfbusiness.com/2014/08/burger-king-buy-canadas-tim-hortons/ http://gulfbusiness.com/2014/08/burger-king-buy-canadas-tim-hortons/#comments Tue, 26 Aug 2014 13:19:36 +0000 http://gulfbusiness.com/?p=53279 The deal will create the world's third-largest fast food restaurant group, with sales of about $23 billion.

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Game Over: Has Sony’s PS4 Won The Console War? http://gulfbusiness.com/2014/08/game-sonys-ps4-won-console-war/ http://gulfbusiness.com/2014/08/game-sonys-ps4-won-console-war/#comments Tue, 26 Aug 2014 12:46:55 +0000 http://gulfbusiness.com/?p=53275 Figures indicate that the PlayStation 4 has performed much better than its rival, Microsoft’s Xbox One.

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Standard Chartered Looking To Sell Part Of UAE Business http://gulfbusiness.com/2014/08/standard-chartered-looking-sell-part-uae-business/ http://gulfbusiness.com/2014/08/standard-chartered-looking-sell-part-uae-business/#comments Tue, 26 Aug 2014 12:12:58 +0000 http://gulfbusiness.com/?p=53273 As part of a US settlement last week, the bank agreed to end high-risk relationships with SMEs in the UAE.

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Kuwait Energy Keen To Invest More In Iraq – CEO http://gulfbusiness.com/2014/08/kuwait-energy-keen-invest-iraq-ceo/ http://gulfbusiness.com/2014/08/kuwait-energy-keen-invest-iraq-ceo/#comments Tue, 26 Aug 2014 12:08:14 +0000 http://gulfbusiness.com/?p=53270 Sara Akbar said the violence in Iraq was temporary and could not overshadow the country's vast potential for relatively easy oil.

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Israeli Air Strikes Target More Gaza High-Rises http://gulfbusiness.com/2014/08/israeli-air-strikes-target-gaza-high-rises/ http://gulfbusiness.com/2014/08/israeli-air-strikes-target-gaza-high-rises/#comments Tue, 26 Aug 2014 11:29:00 +0000 http://gulfbusiness.com/?p=53267 Israeli attacks flattened the 13-storey Basha Tower and the 16-storey Italian Complex.

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