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BusinessCast March 3, 2008
DFM, ADSM both end lower... Gulf Investment Corporation credit rating unaffected by international credit crunch... Dana Gas says Kurdistan electricity project in Iraq is 70% complete... Middle East hedge fund market attracting more global investors... Careers UAE 2008 exhibition space grows by 40%, runs 15-17 April... Bahrain to add 700 oil wells... Ajman Bank IPO 85 times oversubscribed... BBC Arabic television channel will launch next Tuesday.
BusinessCast March 2, 2008
DFM, ADSM both down in Sunday trading... Recession fears in US... IT spending in MENA to cross 40 billion in 2008... Consumers push broadcasters on HDTV, CABSAT organizers say... Gulfood deals surpass expectations... GCC stock markets poised for glut of IPO's over 3 years... Etisalat offers highest mobile bandwidth... Electricity bills in Dubai may come as shock to businesses.
BusinessCast March 1, 2008
DIFX names new directors... AME Info Digital 2008 overview listed in left hand column under "Events Coverage"... Gold rises above 975, Silver up to 27 year peak... Dana Gas and Emirates General Petroleum Company agree on joint pipeline venture... Oman local manufacturing campaign underway... Turkey bank watchdog approves sale to Saudi's NCB... Sternon Group to invest 300 million dirhams in Dubai development... Spanish firm still considering takeover from The Investment Corporation of Dubai... Bahrain bank receives approval to list on DFM.
BusinessCast February 29, 2008
The week's Top Stories, every Friday on BusinessCast... Morgan Stanley report recommends best markets for investment... 7th International Conference on Coastal and Port Engineering opens... Rising cost of living affecting 37% of GCC workers according to survey... Office space continues to give Dubai one of the highest rental yields... Islamic finance market has grown by 15% in each of the last 3 years according to Moody's... Bahrain population crosses 1 million... Saudi Arabia inflation predicted to be 7%... Borse Dubai completes transactions with Nasdaq... AME Info launches Digital Marketing 2008.
BusinessCast February 28, 2008
DFM up, ADSM down slightly... Borse Dubai completes transactions with Nasdaq... AME Info launches Digital Marketing 2008... GCC inflation becomes urgent concern... Russia says it will support new U.N. sanctions against Iran... Qatar Petroleum opens Gulf International Services IPO... Yemen plans to boost oil production by more than 50%... Kuwait announces revenues for first 10 months of fiscal year, double budget estimates... Gold futures to 967 an ounce before pulling back.
BusinessCast February 27, 2008
DFM up, ADSM down slightly... UAE plans to update consumer price index more regularly... Darvesh Group joins with Ivana Trump in Le Diamond developments for Dubai and Bahrain... Bahrain population crosses 1 million... Saudi Arabia inflation predicted to be 7%... Gold rose above 955, Oil hit record above 101... 2008 UAE house prices to rise according to EFG Hermes... Moodys report says Middle East real estate growth will continue.
BusinessCast February 26, 2008
DFM, ADSM end day with slight gains... Gulfood exhibitors report record deals after 2 days... Islamic finance market has grown by 15% in each of the last 3 years according to Moody's... Qatar PM prefers European over U.S. investment... Gold prices continue fall... Egypt's economy predicted to grow at around 7% in 2007, 2008 fiscal year... 30 thousand visitors expected for ITCE Cairo... Microsoft Gulf runs Windows Server 2008 pilot program in UAE.
BusinessCast February 25, 2008
DFM rises slightly, ADSM down slightly... Tasi ends surges after 8 days... Rising cost of living affecting 37% of GCC workers according to survey... Office space continues to give Dubai one of the highest rental yields according to Asteco survey... Gulfood registration up by 20%... Eye of Dubai guidebook and portal says it will act on survey putting UAE in top 20 for tourism... du signs agreement with Reliance Globalcom... Global warming could affect Middle East sea levels according to to research.
BusinessCast February 24, 2008
DFM, ADSM experience slight gains on Sunday... UAE economic indicators examined... Morgan Stanley report recommends best markets for investment... Mobily founders to sell 100 million shares... Kuwait warns citizens not to travel to Lebanon... Tehran would support OPEC cut according to Iran's Oil Minister... Gulfood 2008 features strong French participation... 7th International Conference on Coastal and Port Engineering opens in Dubai... Abu Dhabi Report 2007 published by Oxford Business Group... Cairo ICT opened today.
BusinessCast February 23, 2008
Bourses follow oil prices on the way up for the week, Tasi and Amman make most gains... Gulfood 2008 opens tomorrow in Dubai... Nakheel Hotels sign to buy 50% stake in Mexican resort... Gulf International Bank reports major net loss, mainly due to U.S. subprime mortgage crisis... Coastal and Port Engineering conference opens Sunday... Dana Gas announces signing MoU with Kuwaiti company... Forum ends in Doha with agreement on Cybersecurity... Bride Show Abu Dhabi attended by more than 14 thousand.
BusinessCast February 22, 2008
The week's Top Stories, every Friday on BusinessCast... Public offer by Borse Dubai to OMX accepted by 68.6% of OMX shareholders... International banks in Dubai slash interest rates on dirham deposits, signaling revaluation... Red rose prices increase in Saudi Arabia with ban... Saudi Arabia plans to keep monetary and foreign exchange policies as they are for now... Windows Server 2008 hits market March 1... MEED organizes Construction Skills and Labour Resources conference... Damage to undersea telecom cables may have been sabotage... Emaar Properties rated by HSBC... OPEC meets next on 5 March, output cut possible.
BusinessCast February 21, 2008
OPEC meets next on 5 March, output cut possible... First Dubai Metro Train engine and cars en route, Red Line expected to be operation by 9 September 2009... Summit on Coastal and Port Engineering opens next week... Egyptian textile and spinning industries receive support from government and EU... Italy looks to Kuwait and GCC for more investments, and focuses on tourism... Dubai based Zabeel Investments takes 50% stake in Las Vegas based Light Group.
BusinessCast February 20, 2008
DFM up 2.49%, ADSM rises 0.39%... Oil futures closed above 100 on Tuesday... MEED plans 4th Dubai Mega Projects Conference March 3rd and 4th... Gulfood 2008 sold out for opening on 24 February... Toy Industry Association to launch pavilion at Middle East Toy Fair... Moody's releases updated credit analysis report on Dubai Holding Commercial Operations Group... Emaar Properties rated by HSBC... More stock in Gulf states, less U.S. holdings urged for global investors... Saudi Arabia to hold first official Film Festival in May.
BusinessCast February 19, 2008
Oil advances, aided by quarrel between Venezuela and Exxon... Qatar buys shares in Credit Suisse... Platinum rises for 13th straight session... Dubai Tea Forum begins with focus on supply and demand... Technology arena to be held during the Hotel Show 2008 beginning June 8... MEED organizes Construction Skills and Labour Resources conference... Dubai International Capital plans to invest 5 billion in China, India and Japan over 3 years... Damage to undersea telecom cables may have been sabotage.
BusinessCast February 18, 2008
DFM rises slightly, ADSM loses 1.42%... Zain IPO oversubscribed by 151%... World CEO Forum scheduled for Dubai on 24 March... Borse Dubai plans 2 week roadshow... Qatar Petroleum to sell 65.8% stake in Gulf International Services IPO beginning February 28... Saudi Arabia to keep monetary and foreign exchange policies as they are for now... Windows Server 2008 hits market March 1... DIFC to offer dispute resolution services in joint venture with London Court of Arbitration... Pre-launch of Prestige Heights announced for Sharjah.
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