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BusinessCast January 3, 2008
Qatar's oil minister says OPEC can do nothing about oil prices... Senior Iranian oil official blames high crude price on excessive liquidity in financial markets... Burj Dubai rises to 158 levels... International Consumer trade fair confirmed as Qatar's biggest ever shopping event... Tourism development conference, TDIM '08 set for Dubai... Illegal foreign workers told to leave Bahrain... TRA to issue license for mobile TV... Power supply strengthened for Bahrain Financial Harbour.
BusinessCast January 2, 2008
DFM, ADSM begin New Year on strong note with gains of over 1%... Year end figures show DFM up 45% and ADSM up 54%... Real Estate Regulatory Authority and Escrow Account Law given credit for Dubai's global property market... Plans underway to turn Doha Securities Market into company... Dubai Duty Free shows 24% increase in 2007... GCC common market faces challenges... Kuwait plans to cut international telephone call charges by 20%... Oman to slow down tendering procedures... Health Authority Abu Dhabi official says expatriates are entitled to health insurance coverage.
BusinessCast January 1, 2008
With the beginning of 2008, Today's BusinessCast looks at upcoming events and exhibitions in the region.
BusinessCast December 31, 2007
DFM ends 2007 with 2% fall, ADSM and Tasi down 0.6%... Gold rises with concerns over dollar and Pakistan situation... Oil rises above 96 a barrel... GCC Common Market launches with 2008, seen as key to monetary union... Dubai Sports City reveals strategic development plan for 2008... DP World listing generates subdued response... US and European markets remain quiet... Best Wishes for a prosperous 2008 from all of us at BusinessCast!
BusinessCast December 30, 2007
Bullish sentiment drives up market capitalization in UAE... UAE exchanges to close January 1, and reopen with new hours the following day... Insurance industry in the Middle East poised for growth in 2008... Nasdaq withdraws statement on Borse Dubai approval... Datamatix conference to examine inflation in GCC... Arab Monetary Fund publishes surplus figures... Analysts say Bin Laden statement on dollar peg make changes less likely.
BusinessCast December 29, 2007
Dubai rental cap set at 5% for 2008... UAE to organize statistics watch on inflation, currently thought to be 10%... Trade between UAE and Pakistan should be unaffected following Bhutto assassination... Prince of Wales to introduce Duke of York at World Future Energy Conference in Abu Dhabi... Oil prices fell slightly Friday... Dubai World buys more shares in MGM Mirage... Mini city planned for Ajman.
BusinessCast December 28, 2007
The Week's Top Stories, Every Friday on BusinessCast... Oil prices will average above $77 a barrel next year according to poll... Middle East construction boom will continue to drive steel sector... Jordan's Arab Bank Group has acted as the lead mandated arranger of a $5bn loan for Dubai World... Switzerland's Federal Banking Commission will investigate UBS bank writedowns... Kuwait's Parliament passed a law cutting taxes on profit of foreign companies... The UAE tops the Arab world in the number of Internet users per thousand, while Bahrain ranks second in the use of cellular phones.
BusinessCast December 27, 2007
Stock markets rose, activity subdued... Emirates Post issues commemorative stamp, UP 20th anniversary ... Moody's, banks in UAE, Qatar stable... Kuwait cuts taxes for foreign companies... UAE tops Arab world in internet usage... MEED announces private equity conference.
BusinessCast December 26, 2007
A special look at Middle East news and upcoming events from the pages of AME Info online.
BusinessCast December 24, 2007
European stock markets drift upward, trading light for Christmas holiday... Middle East construction boom will continue at least through 2010... ADCB negotiating for RHB of Malaysia... Standard Chartered Bank to offer physical gold accounts with new On Line Treasury (OLT)... Iran allocates $1 Billion for passenger aircraft... Switzerland Federal Banking Commission investigating UBS... Iraq to raise $100 million for plane purchase from Boeing.
BusinessCast December 23, 2007
DFM back to trading with 1.6% gain, ADSM rises 1.3%... Iran inflation hits 19.1%... Oil prices to average above 77 dollars a barrel according to analysts... Saudi internet survey conducted by Arab Advisors Group... Qatar cooking oil prices spike... ME aviation sector poised for growth... Jordan's Arab Bank Group acts as lead arranger in Dubai World's 5 billion dollar loan.
BusinessCast December 22, 2007
Dubai World subsidiary buys stake in Australian company... US light crude spikes by more than 2 dollars... Lebanon economy to grow by more than 2.5%, but not keeping up with inflation... Iran's largest petrol provider ends contract... FTSE 100 up 1.4%, Dow up 1.6% Friday... Gold hits 1 week high... EFG Hermes says UAE markets will be driven by robust growth and steady real estate in 2008.
BusinessCast December 21, 2007
Female influx into UAE oil sector... Taiwon Stock Exchange signs MOC with ADSM... Dubai International Jewelry week dazzling success... 10,000 hospital beds needed in UAE... Beam down technology for a clean energy future... Dubai exports grow at 28% rate... McAfee Labs expects web threats... Vodafone secures Qatari mobile license... Bride Show Abu Dhabi at National Exhibition Center... TDIM 08, to attract international investment and tourism professionals... Hotel Show 2008, at the Dubai International Exhibition Centre 8-10 June 2008... HRH Princess Haya grants patronage to Al Fares, 28th thru 30th of October, '08
BusinessCast December 20, 2007
Abu Dhabi Tourism players showcase projects... MELDA lighting designers show takes place in April... Abu Dhabi Real Estate and Investment show at Exhibition Center 95% sold out... Saudi Motor Sports Hail Baja race 13 February... Bride Show Abu Dhabi at Exhibition Center February 5-8.
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