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Reviewed: Grand Cherokee 2012

The new Jeep Grand Cherokee flexes both urban and off-road muscles, writes Alicia Buller

Abu Dhabi Bank Opens UK Branch

Abu Dhabi Islamic Bank’s UK branch, located in an upscale development, hopes to target wealthy Gulf clients in Britain.

Top 10 IPOs In The GCC

Gulf Business rounds up the top IPOs issued in the region in terms of capital raised, as revealed by Ernst and Young.

Qatar Safety Questioned

A day after a shopping mall blaze killed 19 people, two more fires have broken out in the country.

Dubai’s Economy Grew 3.4% In 2011

Improving tourism and strong trade flows helped the emirate’s GDP reach Dhs306.2 billion last year.

19 Killed In Qatar Mall Fire

Ministry officials have not yet determined the cause of the fire and are investigating the incident.

UAE Gives Up Beef With French

Imported meat ban is lifted as UAE’s Ministry of Environment and Water signs new agreement.

Facebook, Banks, Sued Over IPO

Investors have accused the company of hiding weakened growth forecasts ahead of its $16 billion IPO.

Nationals Snap Up Qatar Property

Real estate projects in Qatar are not yet seeing an interest from global investors, say industry experts.

The Ascent Of Aluminium

The GCC’s share of global aluminium production could reach ten per cent by 2022, but the sector faces hazards.

10 Reasons Why Dubai Is Back

Gulf Business rounds up ten indicators that show that the emirate is back on the growth trajectory.

Greece’s Exit Will ‘Rattle’ GCC

If Greece leaves the Euro next month the impact will be indirect but significant for the Gulf, say experts.

Aabar Clarifies Arabtec Stake

Aabar said that it had only raised its stake in Arabtec to 20.7 per cent and not 53 per cent as previously reported.

Kuwait’s Finances Concern IMF

The IMF questions Kuwait’s fiscal stimulus and warns of the sustainability of public finances.

Qatar Buys Stake In Shell Oil

Qatar Investment Authority has reportedly acquired between three to five per cent of oil major Royal Dutch Shell.

Cleared For Landing?

The GCC region plans to spend $300 billion on aviation in the next decade. But how much is too much?

Saudi Pumps 10 Million bpd Of Oil In April

Saudi also has 80 million oil barrels in storage for sudden need, the Kingdom’s oil minister Ali al-Naimi said.

UAE, Saudi Pledge More Oil To South Korea

The Gulf states have assured South Korea that they will make-up for any shortfall of oil supply from Iran.

Salesmen Banned From Saudi Perfumeries

Cosmetics and perfume shops in the Kingdom will only be allowed to employ women staff from June 30.

Arabtec Group Identified For $3bn Airport Deal

An Arabtec consortium is in final talks for a $3 billion contract to expand Abu Dhabi’s international airport.

Flydubai Plans To Raise Ticket Prices In 2012

The low cost carrier is planning to hike ticket prices due to increasing fuel costs, said its CEO, Ghaith al-Ghaith.

RAK Plans $250m Tourism Push In 2012

The emirate is aggressively developing its hospitality sector and aims to attract 2.5 million visitors by 2015.

Marriott To Hire 12,000 Staff

Company plans 43 more hotels and 100 per cent more jobs in the next five years.

ENBD CIO Dugan Resigns

Gary Dugan will be joining Royal Bank of Scotland unit Coutts in Singapore, according to sources.

Saudi Firms Face Fines For Excess Expats

Private companies in Saudi who hire expatriates in excess over the number of Saudi employees will have to start paying penalties.

The GCC’s Top MBA Courses

Post-financial crisis, MBAs are in vogue in the Gulf. Which are the most popular courses and who is enrolling?

Kuwait’s Surplus Jumps 78%

The country’s current account surplus increased mainly because of a rise in exports.

A Winning Combination

Managing a company is all about building up team spirit, says Christophe Chenut, CEO of Lacoste.

Julius Baer: Europe Crisis “Behind Us”

The threat of a severe Europe crisis has passed, but more needs to be done to ease the situation, said Julius Baer.

Healthy, Wealthy And Wise

Regional investors are concentrating on healthcare and education, writes Ruth McKee, MENA Correspondent for wealthmonitor.