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Business

UAE currency houses will be subject to new Central Bank rules

The proposed law change comes after a Central Bank decision this month to revoke the licences of two exchange houses. Pawan Singh / The National

New rules designed to tighten the regulation of money exchange houses are planned by the Central Bank in the wake of the closure of two exchange houses for breaking rules. Read Article UAE currency houses will be subject to new Central Bank rules

Shipping investment focuses on gas

LNG carrier rates reached a record last year as Japan, the biggest LNG importer, accelerated buying to compensate for its nuclear power plants closing after the Fukushima disaster in April 2011. AP Photo

Gas carriers cornered the largest chunk of global shipping investment last year since 2005, just as the profits to be made from shipping liquefied natural gas are falling to their lowest in almost two years. Read Article Shipping investment focuses on gas

Petrochemicals sector given lively reception at hotels in Fujairah

The number of hotel rooms in Fujairah is expected to double to 1,600 this year. Above, the Hotel JAL Fujairah Resort and Spa. Randi Sokoloff / The National

Fujairah hotels are experiencing an uptick in meetings business boosted by the developing petrochemicals sector. Read Article Petrochemicals sector given lively reception at hotels in Fujairah

Industry Insights  

technology

Digital players fight for music domination

Streaming services such as Spotify have left the likes of Apple looking outdated when it comes to free or low-cost music. But the big internet firms are ready to act.

Tony Glover

economics

Tata Motors gives Bajaj's small car a rough ride into Indian market

India Dispatch: Bajaj Auto, one of India's biggest manufacturers of scooters and three-wheelers, is hoping to start production of a low-cost four-seater quadricycle in a few months.

Rebecca Bundhun

Vow to tidy up UAE's exchange industry

Customers send remittances to their home countries at an exchange in Deira, Dubai. With more than 130 exchange houses in the UAE, competition is intense. Razan Alzayani / The National

New rules designed to tighten the regulation of money exchange houses are planned by the Central Bank in the wake of the closure of two exchange houses for breaking rules. Read Article Vow to tidy up UAE's exchange industry

Western Region seeks to diversify

The UAE's civil nuclear programme will be among the key drivers of economic diversification in Al Gharbia, according to the Western Region Development Council.  Read Article Western Region seeks to diversify

Sharjah dry dock project in final stages

A project to build a dry dock facility on Sharjah's eastern sea board, away from the Strait of Hormuz, will be complete in early 2014, officials have said.  Read Article Sharjah dry dock project in final stages

Talking money exchange

Promoth Manghat, the vice president of global operations at UAE Exchange, and Osama Al Rahma, the general manager of Al Fardan Exchange, talk about illicit money flows and how the industry is policing its ranks. Read Article Talking money exchange

Emirates to delay modifications because of late A380s delivery

The late delivery of new Airbus A380s has forced Emirates Airlines to push back by two months work to fix potential wing cracks on its existing fleet of superjumbos. Read Article Emirates to delay modifications because of late A380s delivery

Minnow hopes to take a bite of Uefa pie

Borussia Dortmund or Bayern Munich will net more than €50 million for reaching the Champions League final at Wembley Stadium on May 25 but, the day before, the British colony of Gibraltar could also be a big winner in London. Read Article Minnow hopes to take a bite of Uefa pie

Spanx billionaire stretched herself and hit the jackpot

Superwomen: "Hey girls, have you heard of Sara Blakely?" asked Lucy, as she swung herself back on Abby's sofa. Abby looked up, smug. "The Spanx billionaire? Yes, of course," she said. Read Article Spanx billionaire stretched herself and hit the jackpot

Pension options as plans are made for Thailand retirement

On your side: Keren Bobker answers questions on a UK pension scheme, due notice to tenants and limited contracts. Read Article Pension options as plans are made for Thailand retirement

Private jet happy landings with this card

Standard Chartered introduced the "absolutely everything card" this week, promising it will be the country's most exclusive credit card yet. Read Article Private jet happy landings with this card

Loose nut mars Dreamliner test

A loose nut threatened to spoil the long awaited comeback of Boeing's cutting-edge aircraft after an electrical panel fault was reported on a test flight in Japan yesterday. Read Article Loose nut mars Dreamliner test

Industry Insights  

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economics

India at elevated risk of downgrade to junk status credit rating

India Dispatch: India is still at significant risk of having its credit rating downgraded to junk status by Standard & Poor's, despite the government's efforts to secure an upgrade.

Rebecca Bundhun

the life

Win on and off the pitch

The Life: As Sir Alex Ferguson steps down at Manchester United, there are lessons from his coaching style that can be applied to the boardroom.

Tommy Weir

the life

Keys to an evening of classic entertainment

The Life: Viktoriya Soleyana is a pianist at Le Royal Meridien Abu Dhabi, and is awaiting her doctoral degree from Ukraine. She talks about a day in her life.

Sananda Sahoo

SOUND & VISION

(Video)

Video: Pope rails against 'dictatorship of the economy'

Pope Francis issues a call for world financial reform, condemning a heartless "dictatorship of the economy" and saying the economic crisis has made life worse for millions. Watch Video

economics

Many would argue that leaders are born and not trained. I beg to differ. Just like learning how to ride a bike or drive that Formula 1 car, leadership can be taught, and constant practice is key.

Manar Al Hinai

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Editor's Picks

Teach kids values and the world is their oyster

Gary Clement for The National

On the money: My son and I are creating our very own adventure book. A sort of scrapbook where we're writing down where we want to travel to, sticking in photographs of the places, including maps, writing bits of information - and a target date.  Teach kids values and the world is their oyster

Digital advertising spend 'extremely low' in region

Most companies in the region allocate 15 per cent of their advertising budget on digital of which 12-13 per cent goes towards internet advertising. Stephen Lock / The National

The disparity between smartphone users and advertising spend on mobile and digital in the Middle East and North Africa region is one of the highest in the world according to research from Deloitte.  Digital advertising spend 'extremely low' in region

Great Gatsby in the Middle East: when movie merchandising goes high-end

bz17-tiffany

Tiffany & Co designed the jewelry worn by the stars in Baz Luhrmann's new film version of The Great Gatsby, which premieres in the UAE today. The collection is now available in stores in the Middle East.  Great Gatsby in the Middle East: when movie merchandising goes high-end

UAE bourses among world's top performers

Abu Dhabi Stock Exchange. Christopher Pike / The National

The UAE's stock markets are among the world's best performing this year, as banks resume lending, property deals sell out, and seasoned institutional investors scour the Emirates for bargains.   UAE bourses among world's top performers

$1 billion Viceroy Hotel set for Palm Jumeirah

Skai Holdings' $1 billion hotel and furnished residences project on The Palm Jumeirah will be operated by Viceroy Hotel and Resorts. Courtesy Skai

Skai Holdings, which is building the property, says it will feature 10 of the world's "best restaurants" as well as a gourmet market, bakery, beach club and three outdoor swimming pools.  $1 billion Viceroy Hotel set for Palm Jumeirah

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Sound & Vision

Video: TDIC on the Louvre and Saadiyat Beach Villa project

Video: TDIC on the Louvre and Saadiyat Beach Villa project(Video)

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Video: Aldar optimistic about key developments

Video: Aldar optimistic about key developments(Video)

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Video: Facebook ventures into the travel sector

Video: Facebook ventures into the travel sector(Video)

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Video: A look inside the Kaloti gold refinery

Video: A look inside the Kaloti gold refinery(Video)

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