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  • Australia should help Dubai fraud man Abbott

    SBS - Tuesday 21st May, 2013

    Opposition Leader Tony Abbott has suggested the 10-year jail sentence imposed on Australian businessman Matthew Joyce in Dubai is harsh by Australian standards and the government should be doing everything it can to ...

  • Nakheel awards contracts worth nearly AED50 million at Dragon Mart and International City

    Nakheel - Tuesday 21st May, 2013

    Nakheel has awarded contracts worth nearly AED50 million for work at Dragon Mart Phase 2 and the neighbouring International City master community. The Dubai developer has awarded a contract for AED36.5 million to ADC Energy Systems for the design and construction of the cooling plant at its Dragon Mart extension project. The 7,500 tonne capacity cooling plant will serve the new mall, hotel and ...

  • Russia slams outrageous Eurovision vote scandal

    Business 247 - Tuesday 21st May, 2013

    Moscow reacted angrily on Tuesday as its neighbour Azerbaijan admitted that its vote at the Eurovision Song Contest awarding "nul points" to Russia's song appeared to have been falsified. The scandal topped the agenda at a televised briefing between the countries' foreign ministers in Moscow, as Azerbaijan's top diplomat admitted that the votes submitted for Russia ...

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  • DSI wins $461m contract

    Business 247 - Tuesday 21st May, 2013

    Dubai's Drake and Scull said on Tuesday it had won a contract worth 1.73 billion riyals ($461.3 million) to build a twin-tower residential and commercial development in the western Saudi Arabian city of Jeddah. The Lamar Towers consists of two towers, one 322 metres high and the other 293 metres, to be built in Jeddah's Corniche area. The project, which had originally been unveiled in ...

  • Success story First Filipino-Canadian appointed to Ontario Superior Court

    Business 247 - Tuesday 21st May, 2013

    A Filipino-Canadian has been appointed to the Superior Court of Justice of Ontario for the first time. The appointment of Steve Anthony Coroza, who was a judge of the Ontario Court of Justice in Saint Catherines, will take effect on July 8, following the announcement on April 29 by Canada’s Department of Justice, according to the Department of Foreign Affairs (DFA) in Manila. ...

  • Wayne Rooney’s wife Coleen gave birth to a baby boy - Klay Anthony

    Business 247 - Tuesday 21st May, 2013

    Manchester United has a new star follower - Wayne Rooney and his wife Coleen have had a second son. Mrs Rooney gave birth to Klay Anthony Rooney at 2.11am. Just hours later she tweeted the good news to her one million Twitter followers, saying: "At 2.11am our Beautiful Son Klay Anthony Rooney entered the world. He weighed 7lb 11 1/2 oz. We're all so happy and doing well. ...

  • Bieber booed in Dubai jeered at the Billboard Awards. Some just arent Beliebers

    albawaba - Tuesday 21st May, 2013

    Justin Bieber calmly accepts his award despite the loud jeers during the 2013 Billboard Music Awards at the MGM Grand Garden Arena (Photo by Ethan Miller/Getty Images) Teen pop star Justin Bieber was greeted ...

  • IMF says not worried by Dubais debt obligations

    Arabian Business - Tuesday 21st May, 2013

    The International Monetary Fund is not worried about Dubai's ability to meet its upcoming debt obligations, Masood Ahmed, director of the IMF's Middle East and Central Asia department, told reporters on ...

  • Manila bucks joint probe into Taiwanese death

    Business 247 - Tuesday 21st May, 2013

    MANILA: The Philippines and Taiwan agreed Monday to conduct a co-operative probe into the fatal shooting of a Taiwanese fisherman by Philippine Coast Guard (PCG) on May 9, but continued to reject requests for a joint investigation with Taiwan as Manila adheres to a one-China ...

  • UAE residents rejoice 2013 inflation to be least in region says IMF

    Business 247 - Tuesday 21st May, 2013

    The International Monetary Fund (IMF) launched today its Regional Economic Outlook Update for the Middle East North Africa, Afghanistan, and Pakistan region (Menap). According to the data presented in the report, UAE residents have reason to rejoice. Expected inflation figures for the country for the year stand at a mere 1.6 per cent, the least in the Menap region. In contrast, the whole ...

  • What jobs Are UAE employers pulling back

    Business 247 - Tuesday 21st May, 2013

    Just as news about increased job openings and various career fairs in the country, offering opportunities to candidates, gathered pace, the April 2013 Index released by online portal Monster.com for the Middle East reveals that the region at large has registered a 26 per cent year-on-year in online job activity. According to the latest iteration of the Monster Employment Index, this ...

  • IPL6 Final Countdown Tendulkar doubtful starter for CSK v MI showdown

    Business 247 - Tuesday 21st May, 2013

    Sachin Tendulkar is a doubtful starter as Mumbai Indians take on Chennai Super Kings in Qualifier 1 of IPL6 at Feroz Shah Kotla Stadium in Delhi on Tuesday. Mumbai skipper Rohit Sharma told Times of India they would take a call on his fitness on the day of the match. Tendulkar has been in sublime form before injury forced him to miss the the clashes against Rajashasthan Royals and Kings XI ...

  • India Supreme Court Rejects Bid to Halt IPL

    New York Times - Tuesday 21st May, 2013

    NEW DELHI ...

  • Emirates NBD markets Tier 1 perp NC6 at low 6

    Reuters - Tuesday 21st May, 2013

    By Sudip Roy Tue May 21, 2013 4:32am EDT LONDON, May 21 (IFR) - UAE lender Emirates NBD has begun marketing a Tier 1 perpetual non-call six year bond at low 6% on Tuesday, according to a source and lead manager. Books are open on the unrated Reg S-only issue, which is expected to launch and price on Wednesday. There is a 50 cents rebate for private banks. The bond is guaranteed by Emirates NBD ...

  • Multiple car crash on Sheikh Zayed Road causes major tailbacks

    The National - Tuesday 21st May, 2013

    DUBAI // A number of cars were involved in a crash on Sheikh Zayed Road Abu Dhabi-bound this morning that caused an hour-long tailback. The incident, which took place near the Jafza buildings in Jebel Ali, happened as a result of tailgating, according to police. Due to the volume of traffic heading to the capital, it caused major disruption to commuters, however, no one was injured or required ...

  • Lawyer dies after heart attack during trial in Dubai court room

    Business 247 - Tuesday 21st May, 2013

    Legal professionals in the UAE are saddened by the sudden demise of a practising lawyer who collapsed in a Dubai courtroom on Monday and died of a heart ...

  • Oklahoma tornado Town had 16 minutes of warning

    Business 247 - Tuesday 21st May, 2013

    At least 91 people, including 20 children, were feared killed when a 2 mile wide tornado tore through an Oklahoma City suburb, trapping victims beneath the rubble as one elementary school took a direct hit and another was destroyed. President Barack Obama declared a major disaster area in Oklahoma, ordering federal aid to supplement state and local efforts in Moore after the deadliest U.S. ...

  • YouTube turns 8 Here are 8 of the greatest viral videos to celebrate the milestone

    Business 247 - Tuesday 21st May, 2013

    As YouTube turned eight on May 20, we look back at some of the viral favourites over the years, including Charlie Bit My Finger and the very first video uploaded onto the ...

  • Hundreds of UAE jobs on offer at hospitality job fair

    Business 247 - Tuesday 21st May, 2013

    Tourism industry in the country seems to be going great guns and industry players, whether big or small, are adding to their headcount to cope with the increasing flow of tourists coming into the country. To cater to the growing demand for talent, a popular online job portal, Bayt.com, will be holding an online job fair targeting the hospitality industry in the country and across the region. ...

  • Man duped 6 times by fake cash prize gang

    Business 247 - Tuesday 21st May, 2013

    A Gulf Arab man who was told by a presumed beverage company in Dubai that he had won $1 million paid nearly Dh850,000 in fees to receive the sum before he realized he was a victim of a major embezzlement ...

  • Frightening devastation of Oklahoma tornado

    Business 247 - Tuesday 21st May, 2013

    Antonio Flores of Moore, Okla. searches for his car after a tornado damaged the Moore Medical Center and the vehicles in the parking lot in Moore, Okla. (AP) Emergency crews recover a body from the 7-11 store at the corner of Telephone Road and SW 4th Street after a tornado in Moore. (AP) Plaza Towers Elementary School after it was hit by a massive tornado in Moore. (AP) Workers continue to ...

  • Yahoo will not ruin Tumblr after $1.1bn takeover

    Business 247 - Tuesday 21st May, 2013

    This photo illustration shows the web pages of Yahoo and Tumblr on a computer screen on Monday May 20, 2013. Yahoo is buying online blogging forum Tumblr for $1.1 billion in a comeback attempt to rejuvenate the company. ...

  • Ethiopia Dubai Chamber International Office Launched in Addis Ababa

    All Africa - Tuesday 21st May, 2013

    The opening of the Dubai Chamber International Office in Ethiopia would reinforce existing trade relations between Ethiopia and the United Arab Emirates, says Ministry of Trade. An organization of Emirati financiers, Dubai Chamber on Thursday officially launched its first office on the African soil. On the occasion, state Minister of Trade, Yakob Yala said the opening of the Dubai Chamber ...

  • UPDATE 1-Dubais Arabtec says projects unaffected by strike

    Reuters - Tuesday 21st May, 2013

    Tue May 21, 2013 2:27am EDT * Arabtec says project timetables unaffected by strike * Liaising with UAE authorities, seeking quick resolution * Some striking labourers resumed work on Tuesday * Rare example of labour unrest in UAE (Recasts, adds worker comments, share price) DUBAI, May 21 (Reuters) - Arabtec, Dubai's largest construction firm, said on Tuesday the delivery of projects was ...

  • Dubais Drake and Scull wins $461 mln Saudi tower contract

    Reuters - Tuesday 21st May, 2013

    Tue May 21, 2013 2:07am EDT * DSI wins $461 mln contract in Saudi Arabia - statement * Lamar Towers in Jeddah to be completed in Q4 2015 (Recasts, adds details on project) DUBAI May 21 (Reuters) - Dubai's Drake and Scull said on Tuesday it had won a contract worth 1.73 billion riyals ($461.3 million) to build a twin-tower residential and commercial development in the western Saudi Arabian ...

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