Dubai investors approached by Mike Ashley for the sale of his Newcastle Club

The owner of Newcastle United is rumoured to be in talks with a Dubai-based investment group, which may result in possible takeover by the latter of the club. According to one of the well known financial web site, Ashley is demanding a whopping $860 million (about £480 million) for the Magpies

The documents, which were earlier this week handed over to the people representing Dubai’s ruler Sheikh Mohammed bin Rashid Al-Maktoum, contains the figure.

Expansion plans to be announced by Duke’s business school

With the aim to proceed with research and deliver programs, Duke University's business school will soon announce an expansion plan, which will set up a network of campuses around the world.

The announcement would be made at the Fuqua School of Business on Monday, when the campus would be hosting a function to celebrate the cultures of the school's new host countries.

On-site sales to commence at Lagoons by the end of this year

The development arm of Dubai Holding, Sama Dubai announced yesterday that over 95% of the water-edging work on The Lagoons waterfront has been completed. The company’s portfolio had recently increased to $60bn.

Talking about Lagoons, it is basically a 70 mn sq ft waterfront project on the Dubai Creek.

Prior to this, Dubai's Public Prosecutor had reported that four officials of The Lagoons project were detained for questioning process, which also included chief executive Abdul Salam Al Merri.

Customers not satisfied with the service provided by banks during the ATM scam

An Arabian Business Poll conducted recently has revealed the fact that almost 77% of customers were not satisfied with the way their banks handled the ATM scam to hit the UAE.

Last week, a terror was spread around in the UAE, when some fraudsters used fake credit and debit cards to withdraw the money from the ATM. Following this new security measures are being introduced by the banks to fight the menace of fraudsters, and customers are also being instructed to change the passwords and codes of their debit and credit cards.

UAE and GCC to be the prime focus of 'Eid in Dubai'

The tourism sector is surely going to gain a lot since the celebration of “Eid in Dubai” organized by the Dubai Shopping Festival Office (DSFO) is just around the corner.

The Chief Executive of DSFO Laila Sohail reported, “During Eid, there is a jump in travelers around the world as people look for destinations to visit during this holiday. With all activities planned for Dubai during this period, it will be one of the key destinations.”

Istithmar Suspends its Top Officials Involved in Wrongdoing

With the Govt. proceeding with its investigations related to corruption, Dubai sovereign wealth fund, Istithmar World has suspended its vice chairman Adel al-Shirawi and chief financial officer, Feras Kalthoum.

It was confirmed through a statement that Adel al-Shirawi will no longer be serving as a board director of Istithmar World.

Earlier during the month of August, Istithmar World, a unit of state-owned Dubai World had confirmed, “The two were being investigated for alleged wrongdoing while in their previous positions at Dubai mortgage lender Tamweel.”

Kylie Minogue all set to win Millions of Hearts in Dubai

The well known Hollywood singer Kylie Minogue is all set to win hearts of millions through her two concerts which she will deliver at Dubai. Reportedly, the award-winning singer and a breast cancer survivor, has agreed to perform in two concerts at Dubai and in return has grabbed a cheque of four million US dollars for one performance.

The concerts will be held this November and the singer according to the Middle East AEG Live production company will let the singer earn a whopping sum of money.

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