BusinessCast May 1, 2008

DFM closes week with gain of 1.36%, ADSM up 0.72%... UAE lowers repo rate by 0.25 percentage points, following US Federal Reserve cut... Gold falls to 3-month low... Egyptian President calls for public sector salary raise of 30%... UAE cement plants pledge freeze at 17 dirhams per bag... ROI drop causes concern for developers and investors... Qatar supermarket chain freezes prices on 50 items through 2008... Iraq oil field exports to Turkey grow to most since 2003... Emirates Group reports 20th consecutive year of net profits, increasing 54.1%.


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Kevin Coan Kevin Coan
Thursday, May 01 - 2008 at 18:02 UAE local time (GMT+4)

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