Main headlines

August 25, 2014

Hotel revenues went up by 10.9 percent in the first half 2014 (File)
07:31 GMT

Dubai's hotel industry welcomed over 5.8 million tourists in the first half of the year with revenues reaching £3.18 billion, up by 10.9 percent.

FM contracts are becoming more integrated, more metric-based, and crucially, longer in duration
07:08 GMT

Facilities Management (FM) services contracts in the UAE could be valued at approximately AED20 billion per annum by next year, according to G4S, a leading global security and outsourcing group in UAE.

Abu Dhabi-based Etihad bought the 33.3 percent stake in Darwin Airline last November (File/AFP)
07:01 GMT

Abu Dhabi's Etihad Airways welcomed a review process by Switzerland's Federal Office of Civil Aviation regarding a deal to buy 33.3 percent of Swiss carrier, Darwin Airline.

The tour also included a discussion of Masdar City’s role in advancing renewable energy adoption globally
06:23 GMT

The UAE and India are expected to enhance their co-operation in the field of renewable energy and sustainability.

August 24, 2014


The STRs are designed to flag questionable financial activity and 354 were registered between January and June this year compared with just 237 in the first six months of last year.
21:28 GMT

A spike in the number of suspicious transactions related to money laundering and terrorism financing has been recorded in Bahrain in the first half of this year, a report said.

Etihad now has until September 30 to make the necessary changes to its agreement for it to take the 33.3 per cent stake in the airline.
21:22 GMT

Foca said last week that the current agreement can lead to Etihad controlling Darwin and would be incompatible with statutory provisions.

The KRG has repeatedly declined to identify buyers of its oil or say who is helping to coordinate the sales.
12:24 GMT

In June, a tanker carrying 1 million barrels of Kurdish oil sailed from Ceyhan that was delivered into Israel's Ashkelon port after first being transferred at sea to another vessel.

Ranking first during all his semesters at AUB, Adib has the highest cumulative GPA in the digitally-recorded history of Lebanon’s leading university.
04:55 GMT

Two young Lebanese have made their way on to the “35 innovators under 35” list issued by the Massachusetts Institute of Technology to highlight the most promising inventors of the year.

A new schedule will be prepared for paying outstanding dues to foreign partners in the petroleum sector,
04:55 GMT

The government is the reason behind the continued inability of the petroleum sector to repay dues to foreign partners in return for oil and gas received monthly, said an official at the Ministry of Petroleum

Baghdad has tried to block the KRG from exporting oil on its own, citing a constitutional clause making the central government responsible for oil shipments and revenues.
04:55 GMT

“The Kurds are becoming more confident of their ability to export crude independently of Baghdad.”

is Majesty King Abdullah on Thursday urged the private and public sectors to join efforts to define the priorities of the 10-year economic plan he asked the government to draft.
04:55 GMT

“Today, we are facing enormous challenges on more than one front, foremost of which are the economic challenges,” the King told the attendees, according to a Royal Court statement.

August 21, 2014

The company said anyone using a device running version 4.0 of Android, which is about 85 per cent of Android systems in use today, is potentially vulnerable.
23:56 GMT

Smartphone users in the UAE and the rest of the Middle East and Africa region are in danger of having their bank, email and social media accounts hacked, amid reports that some 178 million mobile devices are now potentially vulnerable

 In November 2008 Bank Sarasin made margin calls which the claimants did not meet. Bank Sarasin closed out the investments; with the consequence that the Khorafis suffered substantial losses.
23:28 GMT

The case dates back to 2007 and early 2008, when on the introduction of Sarasin-Alpen, the Khorafis purchased structured financial products from Bank Sarasin.

Sheika Fatima also urged Emirati youth to be rational towards wedding expenditure, saying that overspending often leads to negative effects on family stability.
23:18 GMT

“Mass weddings aim to reduce the expenses of weddings and lift wedding cost pressures from young people and their parents. They also encourage young men to marry early and start building a stable and cohesive family,” she added.

“I would still go because I know those places and I know what to wear when going to them,” she said.
15:27 GMT

An attached map singled out Edgware Road, the area between Marble Arch and Tottenham Court Road, and the Oxford Circus and Bond Street area.