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Aussie businessman jailed for 10 years in Dubai
AN Australian businessman has been jailed for 10 years in Dubai on bribery charges, while a colleague has been cleared and is free to return home.Australian businessmen Matthew Joyce and Angus Reed yesterday were found guilty of the bribery charges, which stemmed from a failed Dubai land deal with Gold Coast developer, Sunland.Both were sentenced to 10 years in jail, the maximum sentence, and ...
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Research and Markets UAE Economy Expected to Reach US $448.6 Billion by 2017 With a CAGR of 5.15 over the Next Five ...
"PESTLE Analysis of UAE 2012" country profile to their offering. The United Arab Emirates is a country in the southeast Arabian Peninsula on the Persian Gulf. The country has one of the most highly developed economies in Western Asia. The UAE economy grew in 2011, regaining momentum after the global economic crisis. The country has achieved significant growth due to its ...
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UAE ratifies extradition treaty with India
Akzo Nobel India posts Rs 62.50 cr net profit in Q4 The company had posted a net profit of Rs 78.24 crore in the corresponding period last ...
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Abu Dhabis IPIC to use $4 bln pipeline payment to repay debt
By Stanley Carvalho and Dinesh Nair ABU DHABI | Mon May 20, 2013 12:20pm EDT ABU DHABI May 20 (Reuters) - Abu Dhabi's International Petroleum Investment Co (IPIC) expects to receive $4 billion in cash for a crude pipeline it built in the Gulf state, enabling it to repay some upcoming debt maturities, it said in an investor call on Monday. The state-owned company built a crude oil ...
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A 24-carat concierge gold iPads for Dubais Burj Al Arab guests
DUBAI // Guests of the Burj Al Arab will now be presented with 24-carat gold iPads when they check in at the lavish hotel. The gleaming tablets, which are engraved with the hotel's logo, come loaded with "interactive customer experience" software that enables visitors to call up information about the hotel and access services such as private dining and housekeeping. The Burj Al ...
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Lawyer in Thaksin fraud case collapses in Dubai courtroom
DUBAI // A lawyer presenting defence arguments in a multi-million dirham fraud case involving the former prime minister of Thailand collapsed and died less than an hour later. The Egyptian lawyer in his 50s, was addressing the Cassation Court when he held his chest before collapsing without saying a word. "He was speaking normally but suddenly he held his chest and was pointing at the ...
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Sharjah Intl passenger traffic soars 14 in April
Passenger traffic at the Sharjah International Airport jumped to 14 per cent with a total of 716,951 passengers recorded this April compared to the 629,444 passengers recorded in April 2012, according to the traffic report issued by the Sharjah Airport Authority. Sharjah International Airport recorded a total of 5,380 aircraft movements in April 2013, slipping by 2.5 per cent compared to the ...
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Drunken man resisted arrest hit Dubai cop
A jobless Nigerian allegedly assaulted a policeman and caused him one per cent permanent disability, the Dubai Criminal Court heard. NSO, 28, is also accused of assaulting another policeman and resisting his arrest. Corporal Haitham bin Rashid testified that at around 8pm on November 17, 2012 while he was on duty with his colleague Yaqoub Yousuf in Bani Yas metro station, he suspected the ...
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Major traffic jam after accident on Dubai-Sharjah Etihad Road
If you’re heading towards Sharjah on Etihad Road, beware of the traffic jam due to a road accident. According to Dubai Police, there are long queues of vehicles on Etihad Road due to the accident that occurred at around 6.30pm. "An accident has been reported on Etihad Road towards Sharjah and there is traffic," Dubai Police tweeted. Around 3.30pm, an accident was also reported ...
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Australian execs jailed over Dubai property deal
Two Australian executives have been sentenced in Dubai to 10 years' jail on property fraud charges, while a third accused has been found not guilty, according to media ...
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Al Murr meets Sean Barrett
Abu Dhabi: Mohammad Ahmad Al Murr, Speaker of the Federal National Council (FNC), yesterday met Sean Barrett, the Speaker of the Lower House of the Irish Parliament (Dail) at the Secretariat General of the FNC, and discussed exempting UAE citizens from current visa ...
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Abu Dhabi police warn public of sorcery rip-off
Abu Dhabi: A campaign has been launched in Abu Dhabi warning the public against the dangers of approaching those offering purported black magic solutions to their problems, following the arrest of four people recently in relation to such ...
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Executive cleared in Dh44.1m Nakheel graft case
The Dubai Court of First Instance on Monday cleared the 41-year-old ex-operations manager, M.R., and his countryman A.J., who was Dubai Waterfront’s former legal adviser, of committing any form or irregularity or abuse of public ...
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Dubai Among World’s Top 5 Hottest Retail Destinations
London is the world's most important destination for international retailers, followed closely by Dubai, according to the annual CBRE report. ';How Global is the Business of Retail'; report by the global commercial real estate service and investment firm, CBRE, was released today, pointing out the hottest twenty retail destinations in the ...
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Abdullah bin Zayed Singapores Foreign Minister discuss cooperation
WAM ABU DHABI, May 20th, 2013 (WAM)-- H.H. Sheikh Abdullah bin Zayed Al Nahyan, UAE Foreign Minister, discussed with Singapore's Foreign Minister K. Shanmugam, bilateral relations and ways to enhance cooperation in all fields of mutual interest between the two countries. During the meeting, which was held at the Ministry today, the two ministers exchanged views on the latest regional and ...
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Abu Dhabi to start $72.8m Madinat Zayed project
Abu Dhabi Department of Transport (DoT) is to start construction of the $72.8m Madinat Zayed-Ghayathi main road dualling project, widening the existing 80km two-way road into a dual two lane road with two shoulders on both side. The announcement comes following the approval by the Executive Council to infrastructure projects in the Emirate of Abu Dhabi during its recent meeting presided over by ...
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Emergency evacuation drill at mall in Dubai
Mirdif City Centre, in coordination with Dubai Civil Defence, Dubai Police and Dubai Ambulance, conducted an evacuation drill on Sunday at 8am. Staging an emergency scenario, all retail partners, contractors and mall management were evacuated. This is part of Majid Al Futtaim Properties’ on-going commitment to mall safety and ensuring the readiness of all personnel in the event of an ...
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Ajman taxi operators retreat from raising minimum fare to Dh10
Taxi companies in Ajman that were planning to jack up the minimum fare from Dh3 to Dh10 have backtracked from the plan, after a number of drivers and commuters complained about it. Speaking to Emirates 24|7, sources in the taxi companies said they are not implementing the minimum fare plan for the present, as has been done in Dubai and Sharjah. "We had a plan to increase the minimum ...
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UnBeliebable Dubai’s fave teen star Justin Bieber buyin’ bling for Selena Gomez
Is Bieber gonna bring Selena 'da bling? Justin Bieber is reportedly buying a diamond ring for Selena Gomez.Beverly Hills jeweller Neil Lane has been tasked with designing the 650,000 item with friends close to the 'As Long As You Love Me' hitmaker believing he is getting ready to ...
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ZonesCorp sponsors and participates in upcoming Abu Dhabi Investment Forum in France
As part of the UAE's efforts to enhance economic ties with French investors, the Abu Dhabi Department of Economic Development (DED) will be hosting its 'Abu Dhabi Investment Forum' in Paris on May ...
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GMC Hospital Ajman hosts grand Doctors Meet 2013
GMC Hospital Ajman hosted a grand Doctors Meet 2013 on 17th of May, 2013 in the Gulf Medical University campus wherein leading medical experts were invited to participate in the seminar on 'Recent trends in ...
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Dubai hosts important congress of Spanish tour operators
More than 120 tour operators and travel agents from Spain were hosted in Dubai last week, with the Emirate staging one of the Spanish tourism industry's most important ...
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Etihad Airways keen to do more business with UAE companies
Etihad Airways , the national airline of the United Arab Emirates (UAE), has held its first Vendor Symposium in Abu ...
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Vow to tidy up UAE’s exchange industry
Executives within the currency exchange industry and officials at the Central Bank are keen to bolster standards in the UAE to avoid the risk of a repeat of recent ';major regulatory violations'; and help restore customer faith in the sector. In the case of one firm found to be in violation, Mark Denis ...
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New rules for UAE’s currency exchange industry are welcome
For most of us, currency exchange comes down to one question: what’s the rate? Whether we’re picking up foreign cash for a trip or sending a remittance to relatives, money exchange is simple. But all our little transactions add up: because the UAE is an economic hub, and ...
Dubai In-Depth
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Olympics may be Dubai's next goal
Dubai is famous for being ambitious, sometimes to its detriment, but mostly to its advantage. It was ambition that made it the city the way it is now. For some, the recent announcement of a possible Olympic bid may seem overly optimistic, but what are Dubai’s chances realistically?
Dubai does nothing half-heartedly. Fifteen years ago, Dubai was just another city in the Gulf, there was nothing particularly special about it, apart from the fact that, for western workers, it was an attractive location because of the lack of income tax, but this it had in common with many other GCC cities. Read more
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