Rera Warns Real Estate Brokers Against Telemarketing

Real estate brokers found flouting the rule will be fined after Rera received repeated complaints from property owners and developers.

Wyndham To Launch First Hawthorn Suites in Region

Extended stay brand will target executives on long-stay business and Gulf families.

OPEC Relaxed About Cost-Sensitive Shale Oil

The U.S. shale boom has already altered the landscape of oil trade.

Qatari 2022 Allegations Response Weak – Trade Unions

Britain’s Guardian newspaper reported last week that dozens of Nepali workers had died on building sites.

S&P Issues Profitability Warning To Gulf’s Islamic Banks

Banking assets in the GCC now account for around or slightly above a quarter of all banking assets in the region.

SMEs Opt For Sharjah As Office Space In Dubai Heats Up

Sharjah’s affordability and proximity to Dubai has made the emirate an attractive option for SMEs and even some multinational companies.

UAE To Begin Direct Debit System On October 5

The implementation of the country’s first direct debit system will see a reduction in the use of post-dated cheques to secure finances.

Emirates Expands East And West

Carrier starts the new month in top gear by launching services to Clark in the Philippines, a new route between Milan and New York and its first A380 service to Brisbane

Majority of ME Employees Unhappy With Benefits Packages

According to Robert Walkers, 96 per cent of the employees consider benefits a critical factor when accepting an offer in the Middle East.

Qatar Financial Regulator Proposes Streamlining Share Acquisition Rules

Currently even small percentage movements in ownership have to be reported to the authority.

Kuwait Needs To Curb Wage Growth, Cut Public Spending – IMF

The International Monetary Fund urged the Gulf state to diversify its heavily oil-reliant economy, boost foreign investment and create jobs.

Biz-Group Named Best SME To Work For In UAE

The annual study assessed the level of credibility, respect, fairness, pride and camaraderie within an organisation.

Qatar Holding Buys NYSE Euronext Stake Out Of Qatar Exchange

The deal, for which a price was not revealed, makes Qatar Holding the sole owner of Qatar Exchange

Abu Dhabi’s Al Hilal Bank Launches $500m Debut Sukuk

Orders from investors reportedly reached $2.75 billion.

Facebook To Cash In On Gulf’s Growing Online Ad Spend

Facebook’s global mobile advertising revenues soared to 41 per cent of overall revenues in Q2 2013.

Etihad Starts Daily Ho Chi Minh Flights

New service to meet strong business and leisure demand and support UAE investments in Vietnam

Egypt In Talks To Extend Oil Product Supplies From Gulf

Saudi Arabia, Kuwait and the UAE are already providing Egypt petroleum products until the end of December

New UAE Start-Up To Offer BPO Services To Telcos

Kinetic BPO is hoping to improve customer service standards in the UAE’s telecoms industry.

Dubai’s ENOC, Tristar Plan Oil & Gas Logistics JV In Saudi

The new joint venture is being set-up with an initial capital outlay of around $8 million.

Dubai’s Index Has Best Quarter In Six Years

Shares in Dubai were boosted during the quarter after index compiler MSCI upgraded the United Arab Emirates to emerging market status.

Gulf Economies To Grow In 2014 Despite Cheaper Oil

Global oil prices are expected to fall moderately in 2014 as new supply comes on line from the United States.

Nepali Official Denies Labour Abuses In Qatar

Britain’s Guardian newspaper reported that dozens of Nepali workers had died on Qatari building sites over the summer

Qatar World Cup 2022 “To Be Held In November”

Thomas Bach has claimed that he has received assurance from Sepp Blatter that the tournament will not clash with the Winter Olympics.

Ex-DIFC Exec Fined $7,500 For Falsifying Information

Tareck Fouad Farah was found guilty of issuing a letter containing false information.

ME Sovereign Funds Increasingly Investing In Property

Around 69 per cent of sovereign funds in the Middle East cited an increase in allocation of their investments to alternative options.

Saudi’s Almarai Prices Gulf’s First Corporate Hybrid Sukuk

BNP Paribas, HSBC, Saudi Fransi (Credit Agricole) and Standard Chartered were the leads.

Saudi Start-Up Glowork Gets $16m Investment

Saudi firm SAS has acquired a 51 per cent stake in Glowork, a platform that helps women in the Middle East find employment opportunities.

Vodafone Consortium To Launch 1,400km Fibre Network In Gulf

Vodafone, Kuwait’s Zain, UAE’s du and Kuwaiti internet service provider Zajil will create the Middle East-Europe Terrestrial System

Qatar Ranked 10 In UN’s Top Countries For Internet Use

Qatar is the only MENA country and one of the two non-European countries to be featured in the list.

British Airways Upgrading Jeddah Route To Boeing 777

Saudi travellers set to enjoy first class services to and from London next spring.