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BusinessCast February 17, 2008
International banks in Dubai slash interest rates on dirham deposits, signaling revaluation... Red rose prices increase in Saudi Arabia with ban... Qatar inflation at 13.74%... Kuwait prices surge, foodstuffs up 40% over 3 months... Jordan's government reigns in spending... ABC Islamic Bank announces substantial net profit... Ajman Bank PJSC opens public offer.
BusinessCast February 16, 2008
Public offer by Borse Dubai to OMX accepted by 68.6% of OMX shareholders... DIFC issues consultation papers on new arbitration law... Emaar Turkey signs agreement for prime land in Istanbul... Retail gold sales up in Gulf countries for 2007, despite drop in Q4... Changing Middle East coastline creates new opportunities according to Boat Show organizers... Al Jazeera expresses concern over Arab League's charter which they say could affect news reporting... Iran claims foreign exchange reserves up 29%.
BusinessCast February 15, 2008
The week's Top Stories, every Friday on BusinessCast... DGCX trading volume up 95% in January... Oman orders wage rise for government employees, wheat subsidy... Two of three undersea cables repaired, restoring internet service... Saudi Telecom signs final agreement to purchase 35% interest in Oger Telecom... Qatar may lower rent cap to 7% according to lawyer... 2008 UN survey rates UAE high in web measurement report... Fund Managers positive on MENA region according to Standard and Poor's... Emaar board proposes 20% cash dividend of nominal value of shares... UAE Stocks end week with gains, DFM up 1.46%, ADSM up 0.81%.
BusinessCast February 14, 2008
DFM up 1.46%, ADSM up 0.81%... Finance House PJSC will give Abu Dhabi a new landmark tower... Platinum soars to record highs... Qatar looks at ways to curb mounting inflation... Sanctions against Syria expanded by U.S.... Gold may hit 1000 dollars in 2008... Report predicts GCC wide oil and gas receipts will top 450 billion in 2008... Equity markets offer better short term opportunity... du loss widens 45%... Borse Dubai takeover of OMX on track for completion this month.
BusinessCast February 13, 2008
Fund Managers positive on MENA region according to Standard and Poor's... Emaar board proposes 20% cash dividend of nominal value of shares... Iranian business in UAE continues despite sanctions... Diamond sales expected to rise to 250 million in 2008... Foreign tourism rises in Morocco... GM reports largest ever loss for auto company... Limitless Towers to be among the highest twin buildings in the Middle East.
BusinessCast February 12, 2008
DFM slightly higher, ADSM down less than a point... Qatar may lower rent cap to 7% according to lawyer... Dubai International Horse Fair begins 20 March... 2008 UN survey rates UAE high in web measurement survey... Emaar offers to increase investments in Algeria... Promise of global investment in Gulf needs sustainability according to chairman of Urban Land Institute... ADSM Director General reports tangible increase in institutional investment... Bahrain's Addax Bank shows 71% increase.
BusinessCast February 11, 2008
Two of three undersea cables repaired, restoring internet service... Saudi Telecom signs final agreement to purchase 35% interest in Oger Telecom, STC given A1 rating by Moody's... MEED conference hears that Nakheel is implementing 60 billion dollars worth of projects in Dubai alone... Net borrowing expected to rise in 2008 according to S & P report... Petroleum Development Oman awards contracts for development of 18 oil fields... Cost of shipping crude to Asia may rebound this week... Ajman Bank PJSC announces plan to list on DFM.
BusinessCast February 10, 2008
Oman orders wage rise for government employees, wheat subsidy... Ajman experiences economic renaissance... Jordan standards of living lowered between 2002-2006... UAE economy appears well insulated, stock markets are not... Banking and Financial technology event opens tomorrow in Bahrain... Abu Dhabi gold sales slowly recover.
BusinessCast February 9, 2008
Saudi market volatile for second week... DGCX trading volume up 95%... Telecom Egypt sells minority stakes in two ISP's... Twinjet sets up base in Bahrain... Grading work completed on third phase of Dubai World Central... DOMOTEX to showcase carpets and floor coverings 25-27 May... DuBiotech is official patron for Arab Lab 2008 beginning Sunday... Aramex net profits up 28%... Heater rise in Sharjah.
BusinessCast February 8, 2008
The week's Top Stories, every Friday on BusinessCast... OPEC keeps oil supplies unchanged... Borse Dubai will issue a supplement to its OMX offer... CEO's say Dubai is the foremost exhibition destination in the Middle East and Africa... Qatar plans to raise the portion of deposits its commercial banks cannot lend in a bid to control inflation... The Dubai Chamber of Commerce and Industry has issued a report saying that the UAE is likely to revalue the dirham... Consumer confidence in the UAE has declined in the past six months... Stock markets in the UAE ended the week on a strong note... MEED announces that its second Middle East Aluminum Conference.
BusinessCast February 7, 2008
UAE stocks end week on strong note; Dubai rises 1.12%, Abu Dhabi up 1.85%... MEED conference hears of Kuwait's future growth, aluminum conference planned for 18, 19 February... India makes demands on minimum wage in Bahrain and GCC countries... Peak Oil estimates vary widely... Platinum hits record high... Sleep study from Crowne Plaza shows email checking does not lead to a good night's sleep.
BusinessCast February 6, 2008
Internet cable situation worsens with wifi connections affected... Dubai 2007 published by Oxford Business Group... MEED conference hears that Kuwait will need additional capacity by 2010... World Press Freedom Survey shows lack of reform... Dubai Properties to launch and hand over 5,000 properties during 2008... Consumer confidence overall positive, but UAE shows a drop... City of Silk mega-project gets underway in Kuwait.
BusinessCast February 5, 2008
DFM, ADSM post minor gains... Dubai Chamber of Commerce and Industry issues report saying the UAE is likely to revalue dirham... UAE Central Bank to improve business climate with new laws and revisions of existing ones... Limitless and RDI Group join forces to build city in Russia... Gulf Finance House reports most profitable year in bank's history... Dubai Mercantile Exchange has strong January... Bad weather delays internet cable fix.
BusinessCast February 4, 2008
Qatar plans move to control inflation on February 15... 4th undersea cable goes offline causing more internet outages... U.S. recession would have an indirect impact according to HSBC analyst... Office Exhibition 2008 opens for 3-day run... Oil demand projected to rise from 85 to 115m bpd by 2030... Nanodynamics IPO priced at 11 dollars per share... Restaurant and Café 2008 to take place beginning 24 February... Abu Dhabi GDP forecast to grow 8.2% this year, 13% in years to follow.
BusinessCast February 3, 2008
OPEC points to U.S. economy to justify keeping output unchanged... Broken submarine cable in Middle East adds to net problems... Chinese banks cut back business with Iran... Pakistan's equity investors worry about rising cost of borrowing... Dubai tourism does well despite obstacles according to tour operator... Dubai is the foremost exhibition center in the Middle East and Africa according to CEO forum.
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