Central Bank of Bahrain cuts rate... OPEC remains unchanged, says supply and demand are in balance... Borse Dubai to supplement OMX offer... RAK shows 40% in tourist growth, 93% hotel occupancy... DSF jewelry sales reported for first week of festival... Emaar EC appoints Cisco for design of infrastructure of KAEC... Amlak Finance PJSC shows growth in real estate investment portfolio... Arab Health delegates check their health compliments of Royal Phillips and Dubai Health Care City.
Saturday, February 02 - 2008 at 19:07
| Duration: 3:02
The week's Top Stories, every Friday on BusinessCast... Consortium of Qatari investors acquires 80% of the building of the London Bridge Quarter... Egypt plans to tender for offers to build its first nuclear reactor... Merrill Lynch says inflation in the UAE could hit 12 per cent this year unless steps are taken... Energy analyst warns oil prices are likely to fall further than many forecasts are predicting... Saudi Arabia adopts urgent measures to curb cost of living... Moody's Investors Service said Gulf states may be creating an 'inflationary spiral'.
Friday, February 01 - 2008 at 18:11
| Duration: 3:10
DFM ends week on positive note, ADSM down... Interest and deposit rates lowered throughout Gulf... Emirates Stocks and Commodities Authority to establish new licensing requirement... OMX shows loss in Q4 operating profit... Dubai Chamber hosts Hong Kong delegation... DIFC launches DIFC Lifestyle and FTSE Shariah Global series... Moody's report says Gulf States may be producing 'inflationary spiral'... Tiger Woods in Dubai, talks with Phil Blizzard.
Thursday, January 31 - 2008 at 18:12
| Duration: 4:19
Dubai, Kuwait, Saudi stocks rise... Saudi government adopts measures to curb inflation... Qatar considers dropping dollar peg... Microsoft and Emirates to set up Innovation Lab in Dubai... Bill Gates announces partnerships to develop IT research in Arab countries... Abu Dhabi Economic Forum begins on 3 February... Bahrain could be hurt by rising sea levels.
Wednesday, January 30 - 2008 at 18:04
| Duration: 4:06
DFM slightly higher, ADSM loses 1.23%... Shura Council meeting on February 10 could spur other GCC countries... RAK GDP up 50% over past few years... Oil prices could fall further than predictions according to analyst... Saudi government to increase wages and make other changes due to inflation... Jordan's inflation rate likely to rise to highest in 18 years... Arab Health 2008 continues in Dubai, announcement of groundbreaking for clinic in Abu Dhabi... World Future Energy Summit attracts 11,000... Tiger heads to Dubai.
Tuesday, January 29 - 2008 at 18:02
| Duration: 4:37
UAE inflation predicted to soar to 12% unless steps are taken... Arab Health 2008 opens... Real estate, financial and industrial disputes court to be established in Abu Dhabi... Saudi Finance Minister and Central Bank Governor to discuss inflation and dollar peg... Cost of shipping crude could rise as tanker supply decreases... Gold prices hit all time high... Danish company demonstrates solar powered golf cart at GolfEx Dubai... Lighting in the spotlight at Middle East Electricity 10-13 February... Dubai hotel and hotel apartment coordinators meet over introduction of new hotels opening this year.
Monday, January 28 - 2008 at 18:02
| Duration: 4:18
DFM up 1.19%, ADSM rises 2.22%... Abu Dhabi rent-dispute clarified... Egypt to launch tenders in February for nuclear reactor... ME Bank exposure to subprime crisis will be seen in 4th quarter reports... Oil predicted to average 81 for 2008... Iran and Pakistan agree on gas sales and purchase agreement... Oman considers coal power plant... Microsoft founder Bill Gates meets with representatives of the Dubai School of Government, he'll keynote at Government Leaders Forum.
Sunday, January 27 - 2008 at 18:00
| Duration: 4:38
Qatar Islamic Bank and QInvest sign deal for 80% of London Bridge Quarter... Oil rose above 91 dollars Friday... Gold production suspended at major South African mines, price rises to 923.40... Dubai gold trade for 2007 increased 29%... Emirates considers benefits and problems with share sales... Society of Petroleum Engineers to meet in Oman this April... Dubai World Trade Center awards contract for Dubai Exhibition World... DP World receives European award... Arab Health 2008 delegates get free testing... Non-oil foreign trade in Dubai up 29.6% in 2007.
Saturday, January 26 - 2008 at 18:04
| Duration: 3:53
The week's Top Stories, every Friday on BusinessCast... 2008 forecast to be the year of 'mobile operating systems'... Dow Jones-Wilshire Index adds Bahrain, Kuwait and Sri Lanka... Nakheel announces 'The Universe'... Middle East countries investing a trillion in leisure projects... DP World increases throughput by 18%... Dubai hotel revenues rise more than 15%... IMF gives mixed review on Iraq economy... UK newspaper says Saudi Arabia will remove ban on female drivers... World oil markets have enough oil and price slide is a good thing according to UAE oil minister... Abu Dhabi receives world attention over World Future Energy Summit.
Friday, January 25 - 2008 at 18:00
| Duration: 4:39
UAE markets mixed, Dubai down, Abu Dhabi shows modest gain... Dubai Shopping Festival begins... Central Bank of Bahrain cuts key policy interest rate... World Energy Summit showcases "Greenest City in the World"... Dubai International Boat Show shows 20% increase... Saudi Arabia will begin first sovereign wealth fund... National Bank of Kuwait announces record earnings for 2007... Kuwait's 2008-09 budget shows shortfall... MEED Roundtable provides prelude to Arabian Construction Summit next month... Saudi to stay with dollar peg unless currency falls by 30%... Bahrain labour reforms praised.
Thursday, January 24 - 2008 at 18:00
| Duration: 5:11
Gulf States stocks opened with rebound today... Abu Dhabi receives world attention over World Future Energy Summit... UAE and dollar pegged countries to feel more inflationary pressure following U.S Fed's rate cut... Iran denies news broadcast that AUB has cut ties because of sanctions... Spending on leisure and tourism projects forecast to reach 3 trillion dollars over the next 20 years... GCC common market expected to push up labour prices... Sainsbury now 25% owned by Qatar Investment Authority... World oil markets have enough oil and price slide is a good thing according to UAE oil minister... Standard and Poor's to launch 3 new benchmark indices for Shariah compliant equities.
Wednesday, January 23 - 2008 at 18:01
| Duration: 5:12
UAE stocks tumble, DFM down 6.21%, ADSM loses 6.83%... Will stock crashes put money in property?... IMF gives mixed review on Iraq economy... UK newspaper says Saudi Arabia will remove ban on female drivers... Qatari bonds to be issued in 2 to 3 weeks... Global SMS traffic up 30%... 50,000 medical professionals to attend Arab Health exhibition in Dubai... 170% increase reported in Dubai land sales... Amusement and attraction sector forecast to increase sharply.
Tuesday, January 22 - 2008 at 18:03
| Duration: 4:15
DFM falls sharply, down 5.33%... ADSM down 1.57%... Saudi Telcom profits rise... DP World increases throughput by 18%... Tamweel net profit up 195% in 2007... Dubai hotel revenues rise more than 15%... Lack of property supply in Abu Dhabi predicted to impact future rents... Abu Dhabi Oxford Business Group report includes former U.S president's push for renewable energy... MEED to host 2nd Middle East Ports Development conference on 28, 29 January... First US company to list on DIFX.
Monday, January 21 - 2008 at 18:01
| Duration: 4:40
Storms bring increase in insurance claims... Abu Dhabi golf attendance near 25,000... Volunteers sought for Dubai Desert Classic... Qatar Central Bank will sell bonds to slow inflation... Nakheel announces 'The Universe'... Middle East countries investing a trillion in leisure projects, Dubai leads, followed by Saudi Arabia and Abu Dhabi... Dubai World Trade Centre to add over 10,000 hotel rooms by 2015... Telecommunications industry in MENA forecast for high growth... Qatar plans Doha metro system to attract Summer Olympics.
Sunday, January 20 - 2008 at 17:56
| Duration: 4:42
Qatar imposes ban on poultry from India because of bird flu cases... Tourism Development Projects and Investment Market, TDIM, opens Sunday... 2008 forecast to be the year of 'mobile operating systems', communications exhibition MECOM planned for May... IPO update shows Middle East raised 12.8 billion in 2007... International Furniture and Design Exhibition scheduled for May in Qatar... Dow Jones-Wilshire Index adds Bahrain, Kuwait and Sri Lanka... Commercial Bank of Dubai announces record profit for 2007... Bahrain bank suspends business with Iran... Abu Dhabi International Airport shows passenger increase of 31%.
Saturday, January 19 - 2008 at 17:56
| Duration: 3:53