UAE Minister Of Economy: No Risk Of Dubai Expo Bubble

Speaking exclusively to Gulf Business, Sultan Al Mansoori has said winning the World Expo bid will not cause another bubble.

Abraaj Group’s Senior Partner Stefanel Leaves Firm

Matteo Stefanel was head of special situations group, managed accounts and real estate at Dubai-based Abraaj.

US Shale Boom Could Impact GCC In Long-Term

The GCC’s oil and gas producers need to have innovative strategic plans as competition intensifies.

Etisalat Stalls $800m Pakistan Payment Over Property Dispute

An Etisalat consortium bought a 26 per cent stake in PTCL for $2.6 billion in 2005.

OSN Valued At $4.3bn Ahead Of Planned IPO

Private equity firms in the region are considering IPOs in overseas markets such as London as a potential exit route.

A Look At The Last Five World Expos

Should Dubai win the Expo 2020, what can it learn from previous world fairs?

Bahrain Says Arrests Two ‘Terror’ Suspects

The two Gulf nationals tried to enter Bahrain with forged passports through King Fahd Causeway.

Oman Proposes Tax On Remittances As Budget Pressure Rises

The proposed tax would hit about 1.5 million migrant workers, most from south and southeast Asia.

Abu Dhabi Scraps 5% Rent Rise Cap

Prime residential rents for new leases in Abu Dhabi were flat in the second quarter of this year after growing eight per cent in Q1.

Glitzy Dubai Eyes Profit In Setting Islamic Standards

Dubai aims to operate a globally accepted halal certification process that would be easier and cheaper.

A New Type Of Industrial Revolution

Abu Dhabi is leveraging its aerospace sector to diversify the economy, says Badr S Al Olama, the CEO od Strata.

Dubai Residents Priced Out As Living Costs Rise

Dubai expats’ housing allowance levels lag when compared to the sharp rise in rents and inflation.

UAE Has World’s Most Attractive Tax Framework

The UAE and other GCC countries continue to have low taxation polices which has helped boost trade in turn.

Kuwait Airways Resumes Iraq Flights

This national airline stopped operating flights to Iraq after the 1990 Iraqi invasion.

Dubai Lynx 2014 Jury Presidents Revealed

The announcement included a new award for students and unveiled the theme for next year’s festival.

Pension Not A Priority For UAE Expats

Most expatriates would prefer to invest a sudden windfall in property, finds survey.

Saudi Labour Crackdown Promises Long-Term Gain For Short-Term Pain

Nearly a million foreigners have left Saudi Arabia since March, when authorities began a crackdown on illegal workers.

Dubai Schools, Airshow Closed As Weather Worsens

The UAE is predicted to see thunderstorms and strong winds on Thursday.

Saudi Says Six Shells Fall Near Border Post Close To Iraq, Kuwait

The mortar shells fell in an uninhabited area and caused no damage, Saudi officials have confirmed.

Dubai Airshow: Mubadala Aerospace Eyes US Deals

The firm won industrial orders worth over $5 billion at the air show to sell parts and materials to Boeing and Airbus.

Dubai Airshow: Lockheed Sees More Clarity On Saudi Naval Buy In Next Months

Saudi is evaluating options for its naval modernisation programme, including purchases of up to 12 of Lockheed’s steel monohull Littoral Combat Ship

Mubadala Secures Dhs43bn At Dubai Airshow

Mubadala announced it will begin servicing Rolls-Royce’s Trent XWB engines, including maintenance, repair and overhaul.

Saudi Minister Warns GCC: Beware Of Protectionism In Petrochem Sector

Saudi’s deputy foreign minister said that protectionist policies in the petrochemicals sector can drastically impact the global economy.

NBAD Appoint StanChart Banker To Head SF Business

Aleem Khan previously ran the structured trade finance business for StanChart MENA and Americas.

Qatar Airways Launching Edinburgh Flights Next May

Scottish city will be Qatar’s third UK destination and means the country’s two key cities will shortly be served by two Gulf carriers.

Young Saudis Getting Creative On YouTube

With a population of 28.3 million, Saudi Arabia is now the biggest user of YouTube per capita in the world.

Boeing Set To Win Orders Duel At Dubai Airshow

Airbus was always playing catch up after the dramatic first day which saw four Gulf carriers place major Boeing orders

Dubai Expo 2020 Win May Create Economic Bubble – Survey

A majority of investment professionals in the UAE believe that a successful bid may lead to an economic bubble, finds CFA Society survey.

Saudi Arabia Welcomes U.S. Shale, Sees No Need To Cut Output

The North American shale oil surge has helped arrest the rise in crude prices over the last year.

Nakheel Launches 500 Plots In Dubai-Based Al Furjan Project

The plots are priced between Dhs1.1 million to Dhs3.3 million, the developer announced.