Dubai Gold Trade Hurt By New Indian Import Tariffs

The Indian government has hiked the duty on gold bullion imports three times this year to a record 10 per cent

R Hotels Group Reveals Dhs1.5bn Expansion Plan

R Hotels group owns, manages and operates three hotels under the Ramada brand.

Saudi SMEs Eye Major International Expansion

New survey finds that in the next three years, the number of Saudi SMEs operating in six or more countries will rise from 16 to 41 per cent.

Gulf Bond Market Braces For Deals After Fed Decision

The US Federal Reserve’s decision to maintain its monetary stimulus is expected to boost the the regional bond market.

Former DIFC Banker Fined $20,000 For Fraud

Nikhil Das, a private banker, was found guilty of carrying out fraudulent transactions worth $8.4 million.

UAE’s Abraaj Exits Investment In Filipino Hospital

Abraaj’s exit in Daniel O. Mercado Centre was executed through a buy-back arrangement with the Mercado family.

Dubai Appoints DFM CEO Essa Kazim As New Head Of DIFC

Kazim, whose appointment is effective next Jan. 1, will replace current DIFC governor Abdullah Mohammed Saleh.

Emirates’ New Cargo Terminal On Schedule For Completion

Operations of the new terminal, located in Dubai’s new Al Maktoum International Airport, will begin in April 2014.

Emaar Launches New Palma Villas In Dubai’s Arabian Ranches

The Spanish-styled villas are part of a massive extension plan of Emaar’s Arabian Ranches community.

Egypt Set For Total Rewrite Of Mursi Constitution

A 50-member committee has been appointed by the interim government to amend the constitution.

Gold Drops On Fresh Stimulus Fears

Spot gold was down 0.3 per cent to $1,321.56 an ounce, after a near three per cent drop on Friday.

Countdown Begins For 2013 Gulf Business Awards

The second annual awards, to be held tonight, will recognise business achievement across various sectors in the UAE.

Saudi Arabia To Complete Jizan Industrial Project In 4 Years

Saudi oil minister Ali Naimi said that work is ongoing in the project, which includes a 400,000 barrels per day refinery.

Dubai Oil Services Firm NPS Eyes Up To $700m From Potential Sale

A formal sale process for the business was initiated earlier this year, sources said

Pictures: Warehouse In Flames In Dubai’s Al Quoz 3 Area

The fire in a garment warehouse in Dubai’s Al Quoz 3 area gutted the building.

DMCC Becomes UAE’s Largest Free Zone

DMCC has around 7330 registered companies operating within it.

Dubai’s Bourse Comes Off Three-Week High

Dubai’s index falls one per cent to 2,641 points in early trade.

UAE Approves Dhs1.5bn Contracts For Emirati Housing Project

The project will build and renovate around 10,000 houses for UAE citizens across different emirates.

BlackBerry To Cut 4,500 Jobs As Z10 Fizzles

The Canadian phone manufacturer is slashing up to 40 per cent of its global workforce as sales drop.

Dubai’s Ruler Establishes New Rental Dispute Centre

The centre will deal with legal rental disputes for properties located across Dubai.

FIFA is considering a request from the South American Football Confederation for hosts Qatar to play Ecuador a day earlier than previously planned

Qatar Says Ready To Host Summer 2022 World Cup

As football officials debate switching the 2022 World Cup to winter, Qatar asserts that it is equipped for a summer event.

Turkey Will Probably Never Join The EU – Ankara Negotiator

Accession talks launched in 2005 got bogged down in a dispute over the divided island of Cyprus.

Syria Discloses Chemical Weapons Stockpile Details – Watchdog

Syria is believed to possess about 1,000 tonnes of toxins

Review: The Oberoi, Dubai

Dubai has welcomed a flood of international luxury hotel chains in the last decade, but The Oberoi Group is the first high-end Indian hotelier to hit the UAE’s shores.

Dubai’s Bourse Leads Region-Wide Gains After Fed Keeps Stimulus Steady

Dubai’s bourse rose 2.2 per cent to 2,666 points, its highest close since Aug. 26

Turkey Has No Plans To Privatise Stake In Turkish Airlines

The government controls 49 per cent of Turkish Airlines, Europe’s fourth-biggest carrier.

UAE Firms Not Proactive About Cyber Threats

Experts said that having a reactive approach to cyber threats will prove expensive in the long run.

Gold Hits One-Week High After Fed Keeps On Easing

Bullion gained 4.2 per cent on Wednesday, its biggest daily gain since June 2012

Emirates Starting Boston Flights Next March

Emirates keen to target New England trade and transfer traffic opportunities

Flydubai Launches New Daily Kiev Flights

Low-cost airline now flies to both Kiev airports and will start business class flights from the end of October