Gulf Business http://gulfbusiness.com Thu, 27 Nov 2014 13:02:42 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.5 Oil Prices Fall To 4-Year Lows As OPEC Production Cut Looks Unlikely http://gulfbusiness.com/2014/11/oil-prices-fall-4-year-lows-opec-production-cut-looks-unlikely/ http://gulfbusiness.com/2014/11/oil-prices-fall-4-year-lows-opec-production-cut-looks-unlikely/#comments Thu, 27 Nov 2014 12:40:36 +0000 http://gulfbusiness.com/?p=58844 Oil prices have fallen by more than a third since June mainly due to increasing production in North America from shale oil.

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Emirates To Launch A380 On Three New Routes Next Week http://gulfbusiness.com/2014/11/emirates-launch-a380-three-new-routes-next-week/ http://gulfbusiness.com/2014/11/emirates-launch-a380-three-new-routes-next-week/#comments Thu, 27 Nov 2014 11:51:16 +0000 http://gulfbusiness.com/?p=58883 San Francisco, Milan and Houston are the three destinations that will be served by the jumbo jet in the first week of December.

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UAE Dirham Falls To One Year Low Against Dollar In Forwards Market http://gulfbusiness.com/2014/11/uae-dirham-falls-to-one-year-low-against-us-dollar/ http://gulfbusiness.com/2014/11/uae-dirham-falls-to-one-year-low-against-us-dollar/#comments Thu, 27 Nov 2014 11:35:05 +0000 http://gulfbusiness.com/?p=58879 The dirham is pegged to the dollar at 3.6725 and is trading in the spot market at 3.6730.

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Lego Opens First MENA Store In Abu Dhabi, Plans Dubai Store “Soon” http://gulfbusiness.com/2014/11/lego-opens-first-mena-store-abu-dhabi-plans-dubai-store-soon/ http://gulfbusiness.com/2014/11/lego-opens-first-mena-store-abu-dhabi-plans-dubai-store-soon/#comments Thu, 27 Nov 2014 11:22:25 +0000 http://gulfbusiness.com/?p=58873 Spread across 198 sqm, the Lego certified store is located in the newly opened Yas Mall.

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UAE’s Dana Gas In Talks With Egypt Over Revising Gas Prices http://gulfbusiness.com/2014/11/uaes-dana-gas-talks-egypt-revising-gas-prices/ http://gulfbusiness.com/2014/11/uaes-dana-gas-talks-egypt-revising-gas-prices/#comments Thu, 27 Nov 2014 10:13:25 +0000 http://gulfbusiness.com/?p=58869 The Egyptian authorities have been negotiating with a number of international energy firms to improve the price which they are paid for gas.

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Dairy Queen Fast Food Brand To Return To UAE In 2015 http://gulfbusiness.com/2014/11/dairy-queen-brand-return-uae-2015/ http://gulfbusiness.com/2014/11/dairy-queen-brand-return-uae-2015/#comments Thu, 27 Nov 2014 09:55:22 +0000 http://gulfbusiness.com/?p=58863 The first Dairy Queen Treat Stores and Grill & Chill restaurants are expected by Q2 2015.

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Brazil’s BRF Opens Dhs588m Factory In Abu Dhabi http://gulfbusiness.com/2014/11/brazils-brf-opens-dhs588m-factory-abu-dhabi/ http://gulfbusiness.com/2014/11/brazils-brf-opens-dhs588m-factory-abu-dhabi/#comments Thu, 27 Nov 2014 08:54:31 +0000 http://gulfbusiness.com/?p=58857 The plant, which is BRF’s largest outside South America, will have production capacity of approximately 70,000 tonnes of food products a year.

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Low Expectations For Oil Output Cut As OPEC Meets http://gulfbusiness.com/2014/11/low-expectations-oil-output-cut-opec-meets/ http://gulfbusiness.com/2014/11/low-expectations-oil-output-cut-opec-meets/#comments Thu, 27 Nov 2014 08:21:24 +0000 http://gulfbusiness.com/?p=58855 Cutting output unilaterally would effectively mean for OPEC, which accounts for a third of global oil output, a further loss of market share to North American shale oil producers.

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Sharjah’s Rents Soar 23% In First Nine Months Of 2014 http://gulfbusiness.com/2014/11/sharjahs-rents-soar-23-first-nine-months-2014/ http://gulfbusiness.com/2014/11/sharjahs-rents-soar-23-first-nine-months-2014/#comments Thu, 27 Nov 2014 07:53:45 +0000 http://gulfbusiness.com/?p=58850 Apartments in Sharjah continued to see strong demand, with rents rising by 35 per cent in the 12 months to the end of Q3, a new report says.

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Kuwait Says Will Have To Live With Oil At $60, $80 Or $100 http://gulfbusiness.com/2014/11/kuwait-says-will-live-oil-60-80-100/ http://gulfbusiness.com/2014/11/kuwait-says-will-live-oil-60-80-100/#comments Thu, 27 Nov 2014 06:46:21 +0000 http://gulfbusiness.com/?p=58847 Kuwait's stand comes as Gulf OPEC members reached a consensus to not cut output to stem oil price fall.

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Saudi’s Naimi: Gulf Countries Reached Oil Output Policy Consensus http://gulfbusiness.com/2014/11/saudis-naimi-gulf-countries-reached-oil-output-policy-consensus/ http://gulfbusiness.com/2014/11/saudis-naimi-gulf-countries-reached-oil-output-policy-consensus/#comments Thu, 27 Nov 2014 04:36:30 +0000 http://gulfbusiness.com/?p=58841 Al Naimi did not specify if the Gulf countries were in favour of a output cut ahead of a key OPEC meeting on November 27.

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Ex Arabtec CEO Plans Sale Of Remaining Stake, Seeks Premium Price http://gulfbusiness.com/2014/11/ex-arabtec-ceo-plans-sale-remaining-stake-seeks-premium-price/ http://gulfbusiness.com/2014/11/ex-arabtec-ceo-plans-sale-remaining-stake-seeks-premium-price/#comments Thu, 27 Nov 2014 04:15:27 +0000 http://gulfbusiness.com/?p=58837 A stock market announcement on Nov. 11 said Aabar had become Arabtec's largest shareholder after hiking its stake to 34.93 per cent through the purchase of shares from Ismaik.

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Qatar Runs Covert Desert Training Camp For Syrian Rebels http://gulfbusiness.com/2014/11/qatar-runs-covert-desert-training-camp-syrian-rebels/ http://gulfbusiness.com/2014/11/qatar-runs-covert-desert-training-camp-syrian-rebels/#comments Thu, 27 Nov 2014 04:10:10 +0000 http://gulfbusiness.com/?p=58834 Syrian rebel sources said training in Qatar has included rebels affiliated to the "Free Syrian Army" from northern Syria.

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Kuwait’s Appeals Court Cuts Insider Trading Fine Against Al Ahli Bank Chairman http://gulfbusiness.com/2014/11/kuwaits-appeals-court-cuts-insider-trading-fine-al-ahli-bank-chairman/ http://gulfbusiness.com/2014/11/kuwaits-appeals-court-cuts-insider-trading-fine-al-ahli-bank-chairman/#comments Thu, 27 Nov 2014 04:05:39 +0000 http://gulfbusiness.com/?p=58832 In March, the Court of First Instance fined Ahmed Yousef Behbehani after a complaint by the Capital Markets Authority.

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Dubai Expo 2020 Marks One Year Of Winning Bid, Provides Updates To BIE http://gulfbusiness.com/2014/11/dubai-expo-2020-marks-one-year-winning-bid-provides-updates-bie/ http://gulfbusiness.com/2014/11/dubai-expo-2020-marks-one-year-winning-bid-provides-updates-bie/#comments Wed, 26 Nov 2014 14:06:58 +0000 http://gulfbusiness.com/?p=58828 The tender for construction works at the Expo Dubai 2020 site in Jebel Ali is expected to be awarded next year.

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Dubai Lynx Reveals Jury President Line-Up For 2015 http://gulfbusiness.com/2014/11/dubai-lynx-reveals-jury-president-line-2015/ http://gulfbusiness.com/2014/11/dubai-lynx-reveals-jury-president-line-2015/#comments Wed, 26 Nov 2014 13:26:04 +0000 http://gulfbusiness.com/?p=58823 The competition will have two extra awards this year, namely the Grand Prix for Good and the University of the Year.

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HSBC To Refund UAE, Oman, Bahrain Customers For Excessive Fees http://gulfbusiness.com/2014/11/hsbc-refund-middle-east-africa-customers-excessive-fees/ http://gulfbusiness.com/2014/11/hsbc-refund-middle-east-africa-customers-excessive-fees/#comments Wed, 26 Nov 2014 13:13:08 +0000 http://gulfbusiness.com/?p=58821 The lender said it charged them excessive foreign currency fees on debit and credit card transactions.

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UAE Sees Oil Price Stabilising, Steps Up Pressure On Non-OPEC http://gulfbusiness.com/2014/11/uae-sees-oil-price-stabilising-steps-pressure-non-opec/ http://gulfbusiness.com/2014/11/uae-sees-oil-price-stabilising-steps-pressure-non-opec/#comments Wed, 26 Nov 2014 12:39:51 +0000 http://gulfbusiness.com/?p=58819 OPEC leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output.

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2022 World Cup: New $1.6bn Hotel, Expo Centre Planned In Doha http://gulfbusiness.com/2014/11/2022-world-cup-new-1-6bn-hotel-expo-centre-planned-doha/ http://gulfbusiness.com/2014/11/2022-world-cup-new-1-6bn-hotel-expo-centre-planned-doha/#comments Wed, 26 Nov 2014 11:59:47 +0000 http://gulfbusiness.com/?p=58813 The 1000-room Silver Pearl Hotel, designed by New York–based M. Castedo Architects, will be located offshore near Doha.

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Jumeirah Golf Estates Launches New Residential Units Over Strong Demand http://gulfbusiness.com/2014/11/jumeirah-golf-estates-launches-new-residential-units-strong-demand/ http://gulfbusiness.com/2014/11/jumeirah-golf-estates-launches-new-residential-units-strong-demand/#comments Wed, 26 Nov 2014 11:23:57 +0000 http://gulfbusiness.com/?p=58806 The developer did not specify the number of new units set to be launched or the estimated completion date.

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