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BusinessCast March 18, 2008
DFM up 0.64%, ADSM loses 0.51%... Emaar Properties holds annual general meeting Wednesday... NYSE Euronext, ADSM enter cooperation agreement... Bahrain is fastest growing world financial centre according to London report... Jezeera Airways shows growth of 61.2%... Dubai International Horse Fair set for this month, interest in Arabian equestrian potential rises... Ajman leads other emirates in drawing foreign investors.
BusinessCast March 17, 2008
Negative arrows govern UAE stocks... Gold price fixed above symbolic 1000 dollar mark... Bahrain cabinet raises concerns over construction material and worker shortage... Global economy could be brought to knees according to investment guru Dr. Marc Faber, speaking at IPO Summit in Abu Dhabi... MEED announces 2nd Middle East Road Infrastructure conference for end of March... 2008 World Insurance Forum in Dubai, held outside of Bermuda for first time... Qatar introduces universal health care rules... Arab Gulf governments urged to tackle inflation.
BusinessCast March 16, 2008
DFM down 1.36%, ADSM loses 1.07%... Kuwait government bans mobile phones, while driving, effective in May... Saudi bank loans rise due to easier availability of credit... Demand for water prompts MEED Special Report, conference in Abu Dhabi on Monday and Tuesday... Nakheel presents 2008 World Summit on Innovation and Entrepreneurship... Arabian Gulf tourism and hotel growth bucks world economy, Hotel Show coming to Dubai in June.
BusinessCast March 15, 2008
Dubai International Boat Show sales and attendance set to surpass 2007 record... Gold and Euro move higher... Central Bank of Bahrain issuing new banknotes... Jewellery industry needs to present united front, according to Dubai Gold and Jewellery Group... Zain Group increases capital, called largest in Kuwait history... Qatar, Kuwait and Oman seeking to cut greenhouse gas emissions... Understanding similarities as well as differences are key to productive Arab-American relations, according to Young Arab Leaders chairman... Tasi down 11.8% this year.
BusinessCast March 14, 2008
The week's Top Stories, every Friday on BusinessCast... DMCC signs agreement for Techno Park oil storage facility... Egypt a major target for Gulf real estate development projects... DFM signs with Karachi Stock Exchange to encourage cross listing of equities... UAE Central Bank lends dollars to meet foreign currency needs... Fast food prices up as much as 30% in past few months... Investment Corporation of Dubai to buy rental assets of Colonial... Oil reserves in MENA have increased by 82 billion barrels since 2003... Qatar official denies currency revaluation at next week's Central Bank meeting... DFM ends week down 1.13%, ADSM ends lower losing 0.68%.
BusinessCast March 13, 2008
DFM down 1.13%, ADSM ends lower losing 0.64%... Investment Corporation of Dubai to buy rental assets of Colonial... MENA among world's hotspots for technology investment in 2008... AME Info wants your choice for Modern Iconic Landmarks, click the link on this page under 'Special Reports', upper left hand column... New UAE law expected to bring more IPO's ... Bank of Qatar to keep dollar peg 'at the moment'... Ajman projects scheduled for coming months, including 20 story towers.
BusinessCast March 12, 2008
DFM up sharply by 1.85%, ADSM up 0.74%... UAE seeks to cut inflation rate in half, price caps on 16 basic items and discounts at state-owned supermarkets included in plan... Oil reserves in MENA have increased by 82 billion barrels since 2003... Qatar official denies currency revaluation at next week's Central Bank meeting... UAE law to allow majority foreign ownership in some sectors... Consumer survey finds rise in property market confidence, but inflation keeps affordability out of the reach of the majority... Nakheel announces waterfront city to house 92 thousand people... Thinnest notebook ever, MacBook Air, now available in Middle East.
BusinessCast March 11, 2008
DFM down 0.74%, ADSM lower by 1.17%... Oil surged above 108 on Monday... OPEC President says oil prices will remain at current levels for 2008, but could ease next year... UAE and Qatar hint at de-pegging from U.S. dollar... Oman considers change in rental cap... Saudi Arabia is providing increased investment and training in manufacturing sector, according to report... UAE approves draft law for private sector companies providing utilities... Fast food prices up as much as 30% in past few months... Iran set to sign agreement sending gas by pipeline to Pakistan... Saudi gives aid to Pakistan... XBOX 360 price to decrease on Friday in ME.
BusinessCast March 10, 2008
ADSM, DFM show slight movement... Investors at Abu Dhabi investment forum encouraged to look to countries with strong growth... Islamic real estate financing called 'sleeping giant'... UAE economy shows growth of 7.4%... Skype and VoiP remain banned in UAE... UAE Central Bank lends dollars to meet foreign currency needs... Qatar Airways says no to mobile phones in flight... A third of the world's largest yachts are owned by Arab nationals according to new boating publication, launching to coincide with this year's Dubai International Boat Show.
BusinessCast March 9, 2008
DFM down 1.38%, ADSM loses 0.82%... DGCX reports highest ever trading volumes in February... Merrill Lynch says stock markets in the Middle East offer bargains... UAE growth hurting construction industry, up cycle to continue... Egypt has become a major target for Gulf real estate development projects... Dubai Boat Show offers water buses, taxi boats for exhibition, beginning Tuesday... Gulf Bank reports record net profit... Dubai Municipality conducts pollution study on vehicles using diesel.
BusinessCast March 8, 2008
Oil prices post new record above 106... Tasi shed 2.9% in week's trading... ME business aviation sector booming... DMCC signs agreement for Techno Park oil storage facility... Gulf Consumer Protection Day promoted by UAE's Department of Economic Development... Net profits rise 106% at Emirates Glass... DFM signs with Karachi Stock Exchange to encourage cross listing of equities... Scorpions Productions to set up London and New York offices... Food service industry continues to attract international names to the Middle East.
BusinessCast March 7, 2008
The week's Top Stories, every Friday on BusinessCast... Warren Buffet leads billionaire list, Bill Gates falls to 3rd after 13 years on top... Electricity bills in Dubai may come as shock to businesses... Bahrain to add 700 oil wells... Semantec internet survey shows consumer fear over shopping online... Reserve power capacity lowers, bringing possibility of power shortages according to MEED report... Saudi trade and industry minister resigns... DFM, ADSM both end week on positive gains.
BusinessCast March 6, 2008
DFM, ADSM both end week on positive gains... HSBC Middle East Securities to commence trading this month on DFM, ADSM... Middle East travel and tourism sector predicted to generate 250 billion in 2008, 466 billion over next 10 years according to World Travel and Tourism Council... French court keeps Saddam's yacht in port... Iran's oil minister doesn't believe sanctions will affect oil sector... Dubai Water and Electricity authority may raise funds through bonds this summer... Warren Buffet leads billionaire list, Bill Gates falls to 3rd after 13 years on top.
BusinessCast March 5, 2008
DFM makes solid gain, ADSM flat... Investment Corporation of Dubai still negotiating with Colonial... Global freight industry set to meet at MEED's Gulf Logistics Forum, 24-26 March... Emaar Properties says Burj Dubai opening is delayed 4 months... Borse Dubai offer to OMX detailed... Emirates Society for Consumer Protection asks for rise in subsidies... Saudi trade and industry minister resigns... AME Info's Rob Jones talks with Standard Chartered economist Mary Nicola about dirham and dollar peg... Bahrain's labour minister says striking workers will not be deported... Dubai International Capital bid for Liverpool club turned down.
BusinessCast March 4, 2008
DFM, ADSM both rise more than 1%... Reserve power capacity lowers, bringing possibility of power shortages according to MEED report... Investment Corporation of Dubai abandons offer for Spanish firm... Gold sales in UAE drop 55-70% over 6 months, retailer says value drop is closer to 40%... Burj Dubai to influence future generations according to Emaar chairman... Qatar to freeze rents signed after 2005... Oman's Gulf Eco begins on 11 March... Semantec internet survey shows consumer fear over shopping online.
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