How To…Get A Job In Dubai

Gulf Business spoke to Toby Simpson, managing director of the Gulf Recruitment Group, to find out the best way to start a new career in the hotly favoured tax-free city of Dubai.

ADCB Takes Legal Action Against Sheikh Hamdan’s Firm

Zabeel Investments allegedly owes $107 million to the Abu Dhabi bank which has filed for legal procedures.

HP To Launch Envy 2X Hybrid Tablet In ME

The new tablet-laptop hybrid will be launched in the region next month along with the release of Windows 8.

Habtoor Group Re-Jigs Management

The changes are in preparation for the UAE firm’s proposed IPO in 2013.

Vogue Café To Open In Dubai This Year

The publisher of the glossy will open the café in Dubai Mall later this year.

Kuwait To Pass 2012/13 Budget Via Decree Soon

The draft budget, outlined in March, anticipates a spending increase of about 13 per cent.

Bahrain’s GFH To Arrange Leeds United FC’s Acquisition

Gulf Finance House will lead the purchase of the football club’s parent company, though no dates or terms are announced.

National Bank Of Fujairah Replaces Barclays On Eibor Panel

NBF will take the international bank’s seat on the UAE rate panel following Barclays’ Libor scandal.

Saudi Downplays Virus Impact On Haj

Although no new cases of the virus have been detected so far, Saudi officials and the WHO are monitoring the situation.

Qatar Islamic Bank Plans Dollar-Denominated Sukuk

A whistle-stop tour of Singapore, UAE and London as Deutsche Bank, HSBC and QInvest LLC are mandated for the Islamic bond.

J.P.Morgan Invests $20m In Dubai E-Commerce Startup

The London-based investment fund has backed online fashion site Namshi just one year after it launched.

Bahrain’s GIB Updates $4bn Bond Programme

Gulf International Bank’s bond programme is 97.2 per cent owned by the Saudi government, giving a safer level of risk.

Kuwait Faces Parliamentary Deadlock After Court Ruling

The oil exporter had petitioned the court to change the electoral boundaries, but the opposition say this would favour government-friendly candidates.

UAE’s First Gulf Bank Eyes Bond Issue

FGB has hired five banks for a new benchmark bond, according to sources.

Abu Dhabi’s Economy To Grow 3.9% This Year

The figure is down on previous forecasts blamed on a drop in oil production but 5.7 per cent growth is predicted for 2013-2016.

Morocco Selects Saudi-Led Group For $1bn Solar Deal

A consortium led by Saudi International Company for Water and Power (ACWA) won the major contract.

Qatar And France Agree Suburbs Relationship

The Gulf state will help set-up a Franco-Qatari fund aimed at investing millions of Euros into depressed French suburbs.

Dubai’s JAFZA Posts 20% Drop In H1 Profit

State-owned Jebel Ali Free Zone (JAFZA) attributed the fall in H1 profit to rising costs.

Dubai’s DEWA Eyes Sukuk Issue In 2013

Proceeds from the issue will be used for repayment, said DEWA CEO, Saeed Mohammed al-Tayer.

Emirates Announces Additional Seychelles Flights

Dubai’s flagship airline will begin two additional flights to the archipelago, taking its weekly number up to 13.

UAE Committed To Supply Customers With Oil Needs

The country’s OPEC Governor Ali al-Yabhouni said that the UAE will work towards maintaining oil market stability.

Kuwait’s Commercial Bank To Liquidate Investment Unit

CBK Capital is believed to have $53.5 million in capital and manages a Kuwaiti stocks fund and an Islamic finance fund.

Private Banking Special: Falcon Private Bank

Switzerland has lost its appeal to Gulf investors, says Eduardo Leemann, CEO of Falcon Private Bank

Private Banking Special: Emirates NBD

Mark McFarland, chief investment strategist, Private Banking at Emirates NBD, says its time for wealth preservation.

The Address The BLVD Sells Out Apartments On First Day

Property agents paid labourers to stand in line 48 hours before doors opened in bid to secure new prime location.

Over 1.3m Saudis On Unemployment Benefit

The Kingdom introduced the Hafiz programme last year, which pays unemployed nationals up to SAR2,000 a month.

Credit Suisse Cuts Dubai Investment Banking Jobs

The investment bank is reducing staff in Dubai and relocating some jobs to Qatar, say sources.

UAE Salaries Up For 2012 – Higher Next Year

Wages in the country have risen this year as Western and Asian expats demand higher packages.

Swiss Lift Ban On UAE Arms Exports

United Arab Emirates are once again able to buy weapons from the European country after a previous ban following re-exported grenades is lifted.

UAE Non-Oil Trade Up 5%

The country’s non-oil trade reached Dhs76.6 billion in February this year, according to official statistics.