Date archive forAugust, 2013
obama
By Staff writer On Saturday, August 31st, 2013
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Obama backs off imminent military action against Syria

Obama backs off imminent military action against Syria President Barack Obama on Saturday backed away from an imminent military strike against Syria to seek the approval of the U.S. Congress, in a decision that More...

Xperia_Z_Ultra3
By Staff writer On Friday, August 30th, 2013
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The new Xperia™ Z Ultra: The world’s slimmest and largest Full HD smartphone display

Sony Mobile Communications (“Sony Mobile”) today introduces the next revolution in premium large-screen Android smartphone entertainment. The new Xperia Z Ultra is waterproof**, ultra-slim with a lightweight More...

david
By Staff writer On Friday, August 30th, 2013
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Britain says no to Syria intervention as U.S. considers actions

Britain says no to Syria intervention as U.S. considers actions Britain will not join any military action against Syria after a stunning parliamentary defeat on Thursday of a government motion on the issue, dealing More...

facebook image
By Staff writer On Friday, August 30th, 2013
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Facebook considers adding profile photos to facial recognition

Facebook Inc is considering incorporating most of its 1 billion-plus members’ profile photos into its growing facial recognition database, expanding the scope of the social network’s controversial technology. The More...

Saudi intelligence chief 1
By Staff writer On Friday, August 30th, 2013
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Saudi prince’s swipe at tiny Qatar draws riposte

A U.S. media report quoting the Saudi intelligence chief as mocking Qatar over its small population has drawn a stinging rebuke from Doha, underlining tensions between the two Gulf Arab states over clashing foreign More...

jazeera
By Staff writer On Friday, August 30th, 2013
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Egypt to clamp down on Al Jazeera’s Egyptian channel

Egypt’s military-backed government is to clamp down on Al Jazeera’s Egyptian television channel, accusing it of threatening national security, the state news agency MENA said on Thursday. The channel More...

etihad
By Staff writer On Friday, August 30th, 2013
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Etihad Airways extends BusinessConnect programme to 11 more destinations

Etihad Airways, the national airline of the UAE, has extended BusinessConnect, its loyalty programme for business professionals, to eleven new markets, including Bahrain, Belarus, Kuwait, Lebanon, Malaysia, Nepal, More...

egypt
By Staff writer On Friday, August 30th, 2013
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Egyptian bourse indices down in last week’s trading

The Egyptian Stock Exchange’s indices went down during last week’s trading as the benchmark (EGX30) dropped by 2.89 percent to settle at 5,268 points, the same occurred to small and medium shares index More...

cam new
By Staff writer On Thursday, August 29th, 2013
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UK’s Cameron forced to delay strike against Syria

Prime Minister David Cameron was forced on Wednesday to push back his plans for an imminent military strike against Syria in a humiliating climb-down for Britain’s leader after coming under fierce domestic More...

carilluon
By Staff writer On Thursday, August 29th, 2013
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Carillion expects more contract wins in the Middle East

British support services and construction firm Carillion (CLLN.L) expects to announce more contract wins in the United Arab Emirates in coming months as it braces for an uptick in construction activity in the Middle More...

osn cha
By Staff writer On Thursday, August 29th, 2013
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Dubai pay TV firm OSN buys Pehla Media & Entertainment

Dubai-based pay-TV network OSN on Monday said it had acquired Pehla Media & Entertainment, which offers nearly 40 channels in a variety of South Asian languages in the Middle East and North Africa (MENA), for More...

boat
By Staff writer On Thursday, August 29th, 2013
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Hyundai Heavy set for $1.4 billion ships sale in Gulf: source

South Korea’s Hyundai Heavy Industries is close to winning an order worth about $1.4 billion to build 10 huge container ships for the United Arab Shipping Company, a source close to the matter said. Under More...

Dubai Intl Airport
By Staff writer On Thursday, August 29th, 2013
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Dubai airport passenger traffic up 6.1 pct in July

Passenger traffic at Dubai’s main airport climbed 6.1 percent in July from a year earlier, despite a seasonal slowdown in local traffic, airport authorities said on Wednesday. Dubai International, one of the More...

stock
By Staff writer On Thursday, August 29th, 2013
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Gulf markets stabilize after plunging on Syria

Gulf stock markets stabilized by the close on Wednesday after plunging in early trade on the prospect of an escalation of Syria’s civil war, as the United States threatened a military strike on Damascus over More...

emirates1
By Staff writer On Thursday, August 29th, 2013
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Emirates plans to more than double U.S. destinations

Emirates Airline EMIRA.UL plans to more than double its network of U.S. destinations in the next three to five years to a total of 15 U.S. cities, up from seven currently, a company official said. Emirates plans More...

riyadh metro
By Staff writer On Wednesday, August 28th, 2013
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Saudi Arabia awards $22.5 billion contracts to build Riyadh metro

The Saudi Arabian government awarded $22.5 billion in contracts to three foreign-led consortia on Sunday for the design and construction of a metro rail system in the capital Riyadh. The project, which will involve More...

greece
By Staff writer On Wednesday, August 28th, 2013
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Greek Stores face mass closure despite bank rescue

A survey is warning that some 40,000 small businesses in Greece are likely to close in the second half of 2013 at a cost of up to 90,000 jobs despite a major bank rescue program implemented before the summer, AP More...

npcc
By Staff writer On Wednesday, August 28th, 2013
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NPCC Led Consortium wins $1.6b ADMA-OPCO Umm Lulu Package 2

National Petroleum Construction Company (NPCC), in consortium with Technip France Abu Dhabi, has been awarded by Abu Dhabi Marine Operating Company (ADMA-OPCO), the contract for the EPC Work of Umm Lulu Full Field More...

emirates
By Staff writer On Wednesday, August 28th, 2013
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Emirates Announces Passenger Services to Taipei

Emirates, one of the world’s fastest growing airlines, today announced the launch of non-stop passenger services to Taipei, its 16th destination in the Far East. The service will commence from 10th February More...

jumeirah v
By Staff writer On Wednesday, August 28th, 2013
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Nakheel partners with Mashreq for Jumeirah Park mortgages

Nakheel has entered into a new arrangement with leading financial institution, Mashreq to provide mortgages for investors purchasing homes at Jumeirah Park in Dubai. This new strategic alliance, which strengthens More...

Etisalat launches new Tier III Data Centre in Abu Dhabi
By Staff writer On Wednesday, August 28th, 2013
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Epsilon chooses Etisalat’s SmartHub for its Middle Eastern Network Exchange

Etisalat today announced its partnership with Epsilon Telecommunications, world’s largest global telecom network exchange, to deploy its Middle Eastern network exchange at Etisalat’s SmartHub in Fujairah, More...

Abu dhabip
By Staff writer On Wednesday, August 28th, 2013
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Khalifa Port sets a record

Abu Dhabi Ports Company’s (ADPC) flagship Khalifa Port has set a new record handling more than 81,000 TEU containers in July 2013 alone. According to Abu Dhabi TV business bulletin, the monthly figure is the More...

turkish air
By Staff writer On Wednesday, August 28th, 2013
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Weak lira knocks Turkish Airlines net profit down almost a third

A weak lira cut net profit at Turkish Airlines by almost a third in the second quarter despite a sharp rise in sales. The flag carrier, one of the world’s fastest growing airlines, said on Tuesday net profit More...

alibaba
By Staff writer On Wednesday, August 28th, 2013
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Chinese shoppers set to become world leaders online

China’s e-commerce market is expected to leapfrog that of the United States this year to become the world’s largest by total customer spending, management consultancy firm Bain & Company says, and More...

rupee
By Staff writer On Tuesday, August 27th, 2013
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Rupee at record low undermines Indian Markets

India’s Sensex stock listing tumbled 3.18 percent Tuesday as the rupee fell to a record low of 66.08 to the dollar, a sharp one-day drop from Monday’s 64.30, UPI reported. The Economic Times reported More...

white1
By Staff writer On Monday, August 26th, 2013
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White House says it is undeniable that chemical weapons used in Syria

The White House said on Monday that it is undeniable that chemical weapons were used in Syria and that there is little doubt that the Syrian government used them. President Barack Obama, said White House spokesman More...

Abu Dhabi Capital
By Staff writer On Monday, August 26th, 2013
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Abu Dhabi’s TAQA delays $12 bln Turkey coal power plant construction

Abu Dhabi National Energy Co (TAQA), the state-owned oil explorer and power supplier, has delayed plans to start construction of coal-fired power plants in Turkey to 2014, citing other spending priorities. Abu Dhabi More...

Al Furjan community
By Staff writer On Monday, August 26th, 2013
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Nakheel completes Al Furjan community

Nakheel has now fully completed construction and handovers at its Al Furjan community, with plans to build a neighbourhood retail centre there soon, the developer announced today. Al Furjan community Nakheel has More...

Bin+Otaiba+Investment+Group-saadiyat+island
By Staff writer On Monday, August 26th, 2013
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BIN OTAIBA INVESTMENT GROUP TO BUILD NEW LUXURY RESORT ON SAADIYAT BEACH

Tourism Development & Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced the sale of a 91,000-square-metre land plot on Saadiyat island More...

yotel+cabin
By Staff writer On Monday, August 26th, 2013
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IFA HOTELS & RESORTS EXPANDS ITS YOTEL BRAND INTO ASIA WITH SITE IN SINGAPORE

International real estate and resort developer IFA Hotels & Resorts (IFA HR) has announced that it will expand its YOTEL brand into Asia with a city-centre location on Orchard Road in the epicentre of Singapore. YOTEL More...

Qatar Airways Launches A319 "Premium One" Service
By Staff writer On Monday, August 26th, 2013
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Qatar Airways to Launch Flights to Ta’if From 2nd October

Qatar Airways will begin flights from Doha to Ta’if, in the Makkah province of Saudi Arabia, from October 2, 2013, the national carrier announced Monday. The non-stop service from Doha will operate four-times-a-week. More...

Saudi British Bank
By Staff writer On Monday, August 26th, 2013
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Saudi British Bank plans capital-boosting sukuk sale – sources

Saudi British Bank (SABB), an affiliate of HSBC Holdings, is aiming to sell an Islamic bond by year-end to strengthen its capital base, two banking sources aware of the matter said on Monday. Saudi British Bank HSBC More...

oil
By Staff writer On Monday, August 26th, 2013
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Oil Price climbs to near $107

The price of oil rose Monday after disappointing U.S. housing figures led to speculation that the U.S. Federal Reserve might take a very gradual approach toward winding down its economic stimulus. Benchmark oil More...

mar2
By Staff writer On Sunday, August 25th, 2013
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Mercedes-Benz Intense For Men

  Mercedes-Benz Intense For Men Best known for its luxury automobiles, Mercedes-Benz recently launched its first fragrance for men.  Vibrant, masculine and distinctive, the scent perfectly complements the More...

qatar n
By Staff writer On Sunday, August 25th, 2013
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QNB Group How to Get the Indian Tiger to Roar Again

The rapid decline in India’s Rupee requires structural reforms to sustain economic growth, according to the QNB Group. India’s role as one of the world’s growth engines is waning as the Rupee declines rapidly More...

US President Barack Obama
By Staff writer On Sunday, August 25th, 2013
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Obama Meets Top National Security Aides on Syria

US President Barack Obama met at dawn Sunday with top military, intelligence, diplomatic, political and legal advisers at the White House to plan the U.S. response to the Syrian governments alleged massacre of civilians More...

hsbc
By Staff writer On Sunday, August 25th, 2013
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HSBC names Aziz Ata to head MENA debt capital markets -memo

HSBC Holdings, the top arranger of debt issues in the Gulf Arab region, has named Mustafa Aziz Ata to run its debt capital markets business for the Middle East and North Africa, an internal memo from the bank showed. Aziz, More...

Lewis Hamilton
By Staff writer On Sunday, August 25th, 2013
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Hamilton keeps Vettel in his sights with Spa pole

Lewis Hamilton turned the screw on Formula One championship leader Sebastian Vettel at the Belgian Grand Prix on Saturday by chalking up his fourth pole position in a row. Lewis Hamilton Not since Damon Hill with More...

tariq 2
By Staff writer On Sunday, August 25th, 2013
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UAE’s Al Qassimi battles through tough WRC test in Germany

It was always going to be a demanding weekend for the UAE’s Sheikh Khalid Al Qassimi in Rallye Deutschland, but the UAE driver is making the best of difficult conditions in the ninth round of this year’s More...

Sheikh Mohammed bin Rashid Al Maktoum
By Staff writer On Sunday, August 25th, 2013
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Mohammed bin Rashid Al Maktoum Humanitarian and Charity Establishment allocates AED8.5 million for education programme

The Mohammed bin Rashid Al Maktoum Humanitarian and Charity Establishment, has allocated AED8.5 million for the implementation of an education programme known as “With Education We Progress”. Sheikh More...

dubai cares
By Staff writer On Sunday, August 25th, 2013
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Dubai Cares helps Haiti to rebuild primary education sector

Dubai Cares, a UAE philanthropic organization working to improve children’s access to quality primary education in developing countries, has helped to rebuild earthquake-ravaged Haiti’s primary education More...

expo
By Staff writer On Sunday, August 25th, 2013
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100-day countdown begins to Expo 2020 vote in November

The final countdown has begun with less than 100 days to go until representatives from the 167 member nations of the Paris-based Bureau International des Expositions (BIE) cast their votes on November 27th to decide More...

mbr
By Staff writer On Sunday, August 25th, 2013
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Mohammed bin Rashid Establishment for SME Development launches third Entrepreneurship Diploma

The Sheikh Mohammed bin Rashid Establishment for Small and Medium Enterprises Development of the Dubai Department of Economic Development, today announced it will open registration for its third Entrepreneurship More...

Societe Generale
By Staff writer On Saturday, August 24th, 2013
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SocGen plans $300 million sukuk program in Malaysia

Societe Generale will launch a 1 billion ringgit ($300 million) Islamic bond program in Malaysia, two sources familiar with the deal told Reuters, becoming the second major European bank to issue sukuk and the first More...

al jazeera
By Staff writer On Saturday, August 24th, 2013
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Al Jazeera accuses AT&T of wrongly terminating contract

AT&T unfairly terminated an affiliation agreement with Al Jazeera America, the cable network says in a recently unsealed lawsuit that highlights AT&T’s subscriber base in conservative states. Under More...

Blackberry Q10
By Staff writer On Saturday, August 24th, 2013
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The New Blackberry Q10 Gold Edition

The gold and white BlackBerry Q10 Special Edition is only being released to select markets , with retail prices starting from $1035. Blackberry Q10 Few pieces have only been released and are only available in Dubai More...

twitter
By Staff writer On Saturday, August 24th, 2013
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In Indonesia, buzzers are not heard, but tweet for money

In Indonesia’s capital Jakarta, a buzzer is not an alarm or a bell, but someone with a Twitter account and more than 2,000 followers who is paid to tweet. Jakarta is the world’s tweet capital and advertisers More...

plant
By Staff writer On Saturday, August 24th, 2013
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Pakistan to speedup process for 6,600 mw power project

The Prime Minister of Pakistan, Muhammad Nawaz Sharif called for speeding up the process of completion for the Gadani power project aimed at generating 6,600 megawatt to meet the country’s growing industrial More...

secre
By Staff writer On Saturday, August 24th, 2013
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Britain operates secret monitoring station in Middle East – report

Britain runs a secret monitoring station in the Middle East to intercept large numbers of telephone calls, emails and internet traffic that it shares with intelligence agencies in the United States, the Independent More...

gold
By Staff writer On Saturday, August 24th, 2013
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Gold Jumps near $1400

Gold prices are rising sharply after the U.S. government reported that home sales plunged last month, raising concerns about the housing market’s recovery. According to AP, gold for December delivery rose More...

prince3
By Staff writer On Saturday, August 24th, 2013
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Greek PM meets billionaire Saudi prince to discuss investments

Greek Prime Minister Antonis Samaras met Saudi billionaire Prince Alwaleed bin Talal on Thursday to discuss investment opportunities, government officials said, as Athens pushes for foreign investment for its depressed More...

Ben Affleck to play Batman
By Staff writer On Friday, August 23rd, 2013
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Ben Affleck to play Batman in ‘Man of Steel’ sequel

Actor Ben Affleck will play Batman in an upcoming Superman sequel that will see the two caped crusaders face off against each other, film studio Warner Bros Pictures said on Thursday. Ben Affleck to play Batman Affleck, More...

Justin Timberlake
By Staff writer On Friday, August 23rd, 2013
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Casinos to spin Timberlake, Affleck poker film as cautionary tale

Justin Timberlake and Ben Affleck have Las Vegas on edge. Justin Timberlake They are the stars of a new film about the murky world of unauthorized online poker that could cast an unwelcome spotlight on a fledgling More...

UBS Bank
By Staff writer On Friday, August 23rd, 2013
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UBS gives German tax cheats until end-2014 to own up

UBS, under pressure from the German government to clamp down on offshore tax evasion, has given clients from that country 16 months to own up to cheating or leave the bank. UBS Bank Switzerland is the world’s More...

ABN AMRO Bank
By Staff writer On Friday, August 23rd, 2013
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ABN AMRO to be sold as a whole: Dutch PM

State-owned Dutch lender ABN AMRO ABRGPA.UL will be readied for listing and sold as a whole, Dutch Prime Minister Mark Rutte told a press conference on Friday. ABN AMRO Bank “We will get as good a price as More...

Economic recovery in Europe
By Staff writer On Friday, August 23rd, 2013
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Germany, Britain lead Europe’s nascent economic recovery

Germany confirmed on Friday it had enjoyed its fastest rate of economic expansion in more than a year in the second quarter, and Britain revised up its growth to the same rate. Economic recovery in Europe Although More...

Ferrari's Fernando Alonso
By Staff writer On Friday, August 23rd, 2013
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Alonso fastest as Formula One gets back on track

Ferrari’s Fernando Alonso Ferrari’s Fernando Alonso lapped fastest in a weather-affected Belgian Grand Prix first practice session on Friday as Formula One drivers shrugged off the long August break More...

Tiger Woods
By Staff writer On Friday, August 23rd, 2013
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Woods in hunt as Stadler leads rain-hit Barclays

Unheralded American Kevin Stadler shined in the gloom of a storm-hit day, shooting a seven-under 64 to emerge the surprise clubhouse leader after the opening round of the Barclays tournament on Thursday. Tiger Woods World More...

syria1
By Staff writer On Friday, August 23rd, 2013
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Obama says won’t rush into costly Syria entanglement

President Barack Obama called the apparent gassing of hundreds of Syrian civilians a “big event of grave concern” but stressed on Friday that he would not rush to embroil Americans in a costly new war. As More...

hfte
By Staff writer On Friday, August 23rd, 2013
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Egyptian ex-President Hosni Mubarak released from jail

Former Egyptian President Hosni Mubarak has been released from prison after appealing against his detention. Egyptian Ex-president Hosni Mubarak He was taken by helicopter from Cairo’s Tora prison to a hospital More...

Phantom Drophead Coupé
By Staff writer On Thursday, August 22nd, 2013
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Phantom Drophead Coupé

The latest expression of Phantom Drophead Coupé demonstrates a more relaxed and less formal side of Phantom. It displays a sociable character and its convivial interior evokes the feeling of being aboard an elegant More...

NYC to Organize Youth Initiatives Exhibition in Oman
By Staff writer On Thursday, August 22nd, 2013
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NYC to Organize Youth Initiatives Exhibition

The National Youth Committee (NYC) will organize next Saturday at the Municipality Recreational Centre in Salalah an exhibition for youth initiatives under the auspices of Sayyid Sulaiman bin Hamoud al-Busaidi, More...

Silatech and Tamweelcom signing partnership
By Staff writer On Thursday, August 22nd, 2013
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Silatech and Tamweelcom to Expand Support for Young Jordanian Entrepreneurs

Silatech and Tamweelcom signed on Monday, a partnership agreement to support Tamweelcoms strategy in targeting young Jordanian entrepreneurs. Silatech and Tamweelcom signing partnership The agreement was signed More...

Qatar Airways to a Fifth Iraqi Destination
By Staff writer On Thursday, August 22nd, 2013
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Qatar Airways Launches Flights to Fifth Iraqi Destination

Qatar Airways on Wednesday launched flights to its fifth destination in the Republic of Iraq, Sulaymaniyah, increasing the airline’s frequency across Iraq from 16 to 20 flights each week. Qatar Airways to More...

HP slide in revenue and forecast zero sales growth next year
By Staff writer On Thursday, August 22nd, 2013
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HP switches key executives, dashes hopes for 2014 revenue growth

Hewlett-Packard Co shuffled its top ranks on Wednesday, reassigning a star executive to a new role identifying potential acquisitions, as the world’s largest personal computer maker reported a larger-than-expected More...

German Foreign Minister Guido Westerwelle
By Staff writer On Thursday, August 22nd, 2013
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German demands access for UN experts to chemical attack in Syria

German Foreign Minister Guido Westerwelle demanded on Thursday that Syria grant full access to United Nations chemicals weapons experts to investigate allegations that the Syrian government used chemical weapons More...

Former Egyptian president Hosni Mubarak
By Staff writer On Thursday, August 22nd, 2013
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Authorities to secure Mubarak after release

Authorities have drawn up a plan to secure the ousted president Hosni Mubarak after his forecast release from prison, the official Middle East News Agency said on Thursday. Former Egyptian president Hosni Mubarak Citing More...

Rotana Jet at Al Bateen Executive Airport
By Staff writer On Thursday, August 22nd, 2013
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Rotana Jet to Base Additional Aircraft at Al Bateen Executive Airport

Al Bateen Executive Airport, the dedicated business aviation airport in the Middle East, operated by Abu Dhabi Airports Company, announced today that Rotana Jet will be basing a new A319 Airbus at its facilities. Rotana More...

Bank of Sharjah in United Arab Of Emirates
By Staff writer On Thursday, August 22nd, 2013
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Bank of Sharjah signs USD 200 Million Club Term Loan Facility

Bank of Sharjah has signed a USD 200 Million Club Term Loan Facility with a Group of Local and International Mandated Lead Arrangers: National Bank of Abu Dhabi PJSC (acting as facility Agent and Coordinator), Commercial More...

Abu Dhabi Capital
By Staff writer On Thursday, August 22nd, 2013
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Etihad holidays set to bring greater numbers of visitors to UAE with Launch Of UK Operation

Etihad holidays set to bring greater numbers of visitors to UAE with Launch Of UK Operation Etihad Holidays, a division of Etihad Airways, is launching services in the United Kingdom (UK), designed to cater for More...

Arabtec Headquarter
By Staff writer On Thursday, August 22nd, 2013
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Arabtec Holing denies merger talks with Kuwaiti, Saudi Companies

Dubai contractor Arabtec Holding on Wednesday denied media reports that it was considering a merger with Kuwait’s Combined Group Contracting Co and Saudi Arabia’s Saudi Oger. Arabtec Headquarter The More...

Hasan Abdullah Ismaik , Chaiman Arabtec
By Staff writer On Wednesday, August 21st, 2013
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Arabtec eyes merger to create Gulf’s biggest builder

Dubai-based Arabtec Holdings is considering a merger with the largest contractors in Saudi Arabia and Kuwait to create a pan-Gulf construction firm, the firm’s chief executive said. Arabtec, which raised $653 More...

facebook image
By Staff writer On Wednesday, August 21st, 2013
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Facebook-led project seeks Internet access globally for all

Facebook Inc’s Chief Executive Mark Zuckerberg has enlisted Samsung Electronics Co Ltd, Qualcomm Inc and four other companies for a project aimed at bringing Internet access to people around the world who More...

kuwait pet
By Staff writer On Wednesday, August 21st, 2013
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Kuwaiti crude down to USD 105.55 pb

Kuwaiti crude oil shed USD 1.14 per barrel (pb) in trades Tuesday to reach USD 105.55 pb, compared to the previous price of USD 106.69 pb, said Kuwait Petroleum Corporation on Wednesday. The price of crude oil More...

Etihad Towers Abu Dhabi
By Staff writer On Wednesday, August 21st, 2013
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Etihad Towers Abu Dhabi to be recognized at International Property Awards Arabia

Etihad Towers Abu Dhabi – the luxury mixed-use development by Sheikh Suroor Projects Department (SSPD) in the heart of the UAE capital is amongst the winning companies of the esteemed International Property More...

khalifa
By Staff writer On Wednesday, August 21st, 2013
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Khalifa Fund Award for Entrepreneurship announces closing date for entries

The Khalifa Fund for Enterprise Development has set 29 August as the closing date for entries in the fourth edition of the Khalifa Fund Award for Entrepreneurship. Abdullah Saeed Al Darmaki, CEO of the Khalifa Fund More...

Dubai Electricity and Water Authority (DEWA)
By Staff writer On Wednesday, August 21st, 2013
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DEWA plans 1200MW clean coal power plant

Dubai Electricity and Water Authority (DEWA) has issued a request for tenders for its new clean coal power plant, as part of its efforts to diversify Dubai’s energy mix, and use new sources to generate electricity. Dubai More...

Kimi Raikkonen
By Staff writer On Wednesday, August 21st, 2013
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Raikkonen offers plenty to talk about

Kimi Raikkonen, the least garrulous of Formula One drivers, is the man everyone is talking about ahead of Sunday’s Belgian Grand Prix at his favorite Spa-Francorchamps circuit. Red Bull’s Sebastian Vettel More...

hosni2
By Staff writer On Wednesday, August 21st, 2013
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Egyptian court orders Mubarak’s release

Deposed Egyptian leader Hosni Mubarak will leave jail as early as Thursday after a court ruling that jolted a divided nation already in turmoil seven weeks after the army toppled Islamist President Mohamed Mursi. Convening More...

barazan
By Staff writer On Tuesday, August 20th, 2013
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Barzan Gas Project Completes Offshore Drilling For 30 Wells

RasGas Company has safely and successfully completed offshore drilling for 30 development wells for the $10.3 billion Barzan Gas Project, the company said Monday. This success paves the way for subsequent phases More...

qatar view
By Staff writer On Tuesday, August 20th, 2013
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QTA Qatar Receives More than 75000 Visitors From GCC Countries During Eid Holidays

More than 75000 persons from the GCC countries spent Eid al-Fitr holiday in Doha and enjoyed Eid festivals and entertainment activities that took place in different parts of the country, the Qatar Tourism Authority More...

qnb bank
By Staff writer On Tuesday, August 20th, 2013
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US Fed’s QE Decision Will Reduce Global Growth, QNB Says

Qatar National Bank (QNB) said Saturday that the United States’ tapering of Quantitative Easing (QE) could act as a brake on global growth. The QNB said in a press statement here today that QE has already More...

Akbar Al Baker, Chief Executive Officer of Qatar Airways
By Staff writer On Tuesday, August 20th, 2013
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Qatar Airways Increases Baggage Allowance From September 1

Qatar Airways (QA) has increased passenger baggage allowance up to 10 kgs on its worldwide routes, the national carrier said Tuesday. “Effective 1 September 2013, passengers flying Qatar Airways routes worldwide More...

Metleg Al-Zayed
By Staff writer On Tuesday, August 20th, 2013
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Kuwait builds 150,000-ton silos as part of food strategy

Construction of 150,000-ton silos has been finalized, said a ranking official on Tuesday, affirming that the step would serve the national food security strategy. This vital project is part of Kuwait Flour Mills More...

kuwait st
By Staff writer On Tuesday, August 20th, 2013
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KSE ends Tuesday trading in red

Kuwait Stock Exchange (KSE) kept to red throughout trading on Tuesday and the day ended with the price index losing 9.69 points to reach 8,122.6 points, the weighted index shedding 1.12 points to reach 462. 33 points, More...

money
By Staff writer On Tuesday, August 20th, 2013
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Central Bank announces Monetary ‘&’ Banking Developments for June 2013

Central Bank announced that money supply aggregate M0 (currency in circulation + currency at banks) decreased by 1.0% from AED 60.0 billion at the end of May 2013 to AED 59.4 billion at the end of June of the same More...

Cairo University's Faculty of Engineering
By Staff writer On Tuesday, August 20th, 2013
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Sharjah Ruler donates US$2m for Cairo University’s restoration works

H. H. Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has donated US$2 million for restoration work and installation of needed equipment at the building of Cairo University’s More...

obama
By Staff writer On Tuesday, August 20th, 2013
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U.S. President Obama Urges Regulators to Enact Wall Street Rules

U.S. President Barack Obama Monday urged bank regulators to execute a sweeping overhaul of lending and high finance rules that he signed into law three years ago, the White House said.  Obama met with the regulators More...

Sami Asad the new chief executive of Arabtec Construction Group
By Staff writer On Tuesday, August 20th, 2013
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MOVES-Dubai’s Arabtec hires former Aldar chief executive

Dubai builder Arabtec on Tuesday said it has hired the former chief executive of Abu Dhabi’s Aldar Properties to head its group of construction companies. Sami Asad will be the chief executive of Arabtec Construction More...

amazon new
By Staff writer On Tuesday, August 20th, 2013
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Amazon.com back up after going down for U.S., Canadian users

Amazon.com, the website of the world’s largest online retailer, went down for about 15 minutes on Monday in a rare outage for many users across the United States and Canada. It was unclear what triggered the More...

Mercedes GLA
By Staff writer On Tuesday, August 20th, 2013
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Mercedes-Benz GLA SUV unveiled

The new Mercedes GLA compact SUV is the fourth member of Mercedes’ new small compact family based on its front/all-wheel drive MFA platform, joining the A-class, B-class and CLA. Mercedes GLA The looks of the More...

Infiniti Q30 Concept
By Staff writer On Tuesday, August 20th, 2013
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Infiniti Set to Reveal Q30 concept at IAA Frankfurt Motor Show

Infiniti will stage the world premiere of its Q30 Concept at the Frankfurt Motor Show in September. The Infiniti Q30 Concept signals the conte Infiniti Q30 Concept mporary design vision for a compact Infiniti vehicle More...

nirvana1
By Staff writer On Tuesday, August 20th, 2013
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Luxury mega yacht Nirvana is on sale and the price is mere $300 million

Built by South African construction mogul Oceanco and designed by Australia’s Sam Sorgiovanni, this elite world cruising yacht is actually one of the most luxurious floating mansions on the planet. With its six More...

Panamera 4S
By Staff writer On Tuesday, August 20th, 2013
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The new Porsche Panamera in the UAE

On the 11th of August, Porsche introduced the second generation of its four-seater car in the UAE. Panamera 4S Ten versions are now available, with three debut models joining the redeveloped line-up which features More...

table 9
By Staff writer On Tuesday, August 20th, 2013
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Table9 founders eye Dubai casual dining launch

Table9 chef patrons Scott Price and Nick Alvis’ first project after joining Albwardy Investment Group at the start of 2014 will be to open a new casual dining restaurant. In comments published by Hotelier More...

NBK 4
By Staff writer On Tuesday, August 20th, 2013
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Dabdoub:NBK Bahrain’s solid performance affirms the success of the Group’s regional expansion strategy

Bahrain (NBK Bahrain), the subsidiary of NBK Group in Bahrain, reported a net profit of USD 53.9 million (BHD 20.304 million) for the first half of 2013 compared with USD 37.5 million (BHD 14.130 million) for the More...

oredoo2
By Staff writer On Monday, August 19th, 2013
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Ooredoo “Fully Supports” Algerias 3G Licensing Process

Ooredoo, which operates the company Nedjma in Algeria, today welcomed the Algerian authorities for the speed and professionalism with which they have launched the 3G licensing process. The decision brings the launch More...

Mario Mandzukic celebrates scoring Bayern Munich's winner against Frankfurt on Saturday
By Staff writer On Monday, August 19th, 2013
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Bayern maintain 100% record with Frankfurt win

Pep Guardiola’s Bayern Munich continued their perfect start to the Bundesliga season with a 1-0 away win at Eintracht Frankfurt on Saturday. Mario Mandzukic celebrates scoring Bayern Munich’s winner More...

arcapita
By Staff writer On Monday, August 19th, 2013
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Bahrain’s Arcapita sells 3PD Holding to XPO Logistics

Bahrain-based investment house Arcapita, which agreed on a restructuring plan earlier this year, said on Monday it had sold North American logistics firm 3PD Holding to XPO Logistics Inc for $365 million. Arcapita More...