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BusinessCast December 19,2007
Princess Haya Bint Al Hussein supports Al Fares Dubai 2008... Dubai International Film Festival organizers expand event for 2008... $3.63 trillion invested into Middle East tourism thru 2020... Saudi IT spending $890 million for 2007.
BusinessCast December 18, 2007
Global credit crunch could reach nearly $500 billion... Saudi Sea Ports Authority says Red Sea Gateway will boost capacity by 45%... Dubai RTA: free parking, illegal parking crackdown for the holiday... Dubai traffic forecast sees 5.3 million vehicles by 2020... 10 thousand hospital beds in UAE by 2025... Dubai International Jewelry Week draws 17,000 to Dubai International Convention and Exhibition Center.
BusinessCast December 17, 2007
Dubai Financial Market, ADSM decline, Saudi index advances... U.S. markets remain bearish... Dubai's exports grow at 28% annual rate... ADCB set to snap up 25% of Malaysia's RHB Capital... Dubai's Mashreqbank to open 30 branches in Egypt... Masdar's solar tower 'beam down' plant to be built in Abu Dhabi in 2008.
BusinessCast December 16, 2007
DFM dipped slightly, ADSM advanced... UK's Vodafone takes on incumbent Qatar Telecom... Inflation in Oman fell to above 6.8%... McAfee predicts security threats in 2008... Empost to begin discussing possible IPO... Healthcare Projects 2007 shape the future of the sector... DOT in Abu Dhabi awards Surface Transport Master Plan.
BusinessCast December 15, 2007
ADSM signs memorandum with Taiwan... Saudi Tasi closes before 11,000, expansion predicted... UAE female students pursue studies in oil professions... Kuwait inflation hits 7.3% for first 9 months of year; housing, education and health care rise... Spot gold hits one week low.
BusinessCast December 14,2007
Previous week oil prices back below $90/barrel... Pipeline fire near Baiji... Major oil firms to hike spending 11%... Iran "completely halts" crude sales in U.S. dollars... Abu Dhabi to invest $27 billion in oil sector... Qatari bank to develop $2.9 Billion London real estate project... China company signs $2 billion deal with Iran... British Airways 75th anniversary serving Gulf... Dubai and Doha office rent to increase 20%... Downturn in airline profits by 35%... GBCorp outlines European, GCC future cooperation.
BusinessCast December 13, 2007
International Air Transport Assoc. expects downturn in airline profits in '08... Egypt in joint venture talks with Indian Oil Corp... Global Banking Corp. outlines vision for GCC... Saudi Arabia to continue oil supplies to Asia... Iran, Syria announce joint ventures... Saudi Nasair's half million passengers since February... Dubai International Convention and Exhibition Center Arts and Antiques fair through December 15th.
BusinessCast December 12, 2007
Bahrain chooses basket over dollar peg, Saudi Arabia will not revalue... UAE Ministry of Labor, salaries to be sent by post office... Rents to rise in Dubai... Lebanon stock market closes lower... Saudi Air, Libyan Air buy 37 Airbuses... 75th anniversary for British Air in Gulf... Saudi Electricity releases 2008 budget... Abu Dhabi signs MOU with Taiwan.
BusinessCast December 11, 2007
S&P extends ratings service to Gulf region... DFSA issues Hedge Fund Code of Practice... QInvest developing $2.9bn real estate project in London... Bahrain's central bank to limit banks' exposure to real estate market... China's biggest energy company signs $2bn deal to develop oil field in Iran... Saudi Arabia projects 2008 budget of $120bn... Kabul airline begins operations at Dubai International... UAE rises to 8th position in the 2007 FDICI, up from 22nd in 2005.
BusinessCast December 10, 2007
Foreign investors buying UAE assets... US markets ended week flat, European markets rose... Saudi Arabia to spend $54 billion on water network... Saudi inflation at 10 year high... Red Arrows Middle East tour in Abu Dhabi Thursday... Iranian airports and airlines to receive loans... Dubai Cares campaigne huge success.
BusinessCast December 9, 2007
DFM rises 2.3% opening week with strong start... ADSM makes even better opening with 3.1% gain... Tasi loses 0.8%... Dirham depegging from U.S. dollar continues to be discussed... Raw construction materials along with labor costs expected to rise in UAE next year.
BusinessCast December 8, 2007
Oil ends week lower... Gold falls... HSBC launches indexes to provide access to Saudi equities... UAE Central Bank won't rule out further rate cuts... Iraq's oil minister says oil law scuppered over differences... Iran sees 54% drop in petrol imports... FTSE closes week with advance, Dow flat, Nasdaq down.
BusinessCast December 7, 2007
The week's Top Stories, every Friday on BusinessCast... Iraq Stock Exchange to launch electronic trading platform in '08... RTA plan linking coastal cities to Dubai... Iran confident can meet oil demand... Arab Oil & Gas Show kicked off Tuesday... Gulf Auto Industry Corp produces first car... new publication, Emirates 24/7 on stands Sunday... HSBC property market report... UAE central bank trims interest 15bps, peg to dollar unchanged... GCC announces common market.
BusinessCast December 6, 2007
UAE central bank trims interest rate, dollar peg unchanged... OPEC announcement spurs oil price surge... Dow rises sharply... Moody's report on Egypt reflects economic growth... GCC launches common market... Dubai World Trade Center announces design competition... IPTC remarkable success... First stroke unit at UAE hospital... United Nations world food program appeals for funds for Yemen.
BusinessCast December 5, 2007
HSBC reports on Abu Dhabi property market... Gulf grapples with healthcare shortage... New Arab speaker's internet solution... Dubai Sports City to be major sports hub... Dubai Chamber of Commerce discusses future challenges... Dubai Diamond Exchange reports $1.08 Billion trade in rough diamonds... Dubai Studio City offically opens... Emirates Business 24/7 set to publish next week... Anti-Piracy raid in Dubai nets arrests.
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