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BusinessCast October 20, 2007
Oil slips 96 cents after hitting high... Gold reaches 28 year high... Dubai World Corporation completes fund raising... Gulf Bank reports net profit of 38%... Dubai Bank net profit shows gain of 540% compared to first 3 quarters of 2006... Low budget air carriers take up 6.1% of seats... Qatar residents feel expatriates still dominate workforce... Gulf real estate projects value more than 1 trillion... PKN Group announces Ajman project... Arab Media Group partners with MTV International on Nickelodeon Arabia channel for children.
BusinessCast October 19, 2007
The week's Top Stories, every Friday on BusinessCast... AME Info publishes "Buying property in the UAE" survey... Report says Dubai hotel rooms will increase and rates will decrease in 2008... World Bank report shows Saudi Arabia as top place to do business... Dubai office rates virtually triple over 2 years... OPEC raises estimate of winter oil demand... Both DFM and ADSM rise more than 2% to close week... AME launches new content on dedicated Arabic website.
BusinessCast October 18, 2007
Both DFM and ADSM rise more than 2%... Oil prices touch 89, close lower... Saudi analyst says riyal should be revalued to 1986 level... Dow loses, FTSE gains... GCC boating industry growth expected to rise up to 30% in the next 12 months... Most Foreign Direct Investment recorded in Saudi Arabia... National Properties host HH Sheikh Mohammed at Cityscape.
BusinessCast October 17, 2007
AME Info publishes "Buying Property in the UAE" survey... US Light sweet crude closes at 87.6... Gold has volatile day... Etisalat interested in stake of Omantel... Emaar Properties reveals Q3 net profit... Bank analyst encourages Gulf Arab stock purchases... UAE TRA says Apple can't establish exclusive network services in the country... AME Info launches new content on dedicated Arabic website.
BusinessCast October 16, 2007
Oil prices reach 87.7 in US, London Brent just below 84... OPEC raises estimate of winter oil demand... UK, US markets down, Sensex reaches new record high... Newly merged Emirates NBD lists on DFM... Cityscape Dubai opens with visitors from 120 countries... Analysts voice concern over Qatar's LNG output... GCC countries unlikely to be heavily affected by global financial problems.
BusinessCast October 15, 2007
Cityscape Dubai opens Tuesday, set to break new records... Tamweel CEO to address Cityscape conference Tuesday... Dubai office rates virtually triple over 2 years... Kuwait economy unlikely to see financial reforms according to analysts... US light crude breaks 85 dollar barrier... US, European markets both up last week... Debut of 'Art and Antiques Dubai' set for February 2008... Dubai Aerospace Enterprise continues to consider deals, despite Auckland loss.
BusinessCast October 14, 2007
Report says Dubai hotel rooms will increase and rates will decrease in 2008... IMF report shows GCC countries account for nearly 15% of global exports... Asking prices on developments rise in Dubai following summer season... Outlook for Gulf IT industry improves... World Bank report shows Saudi Arabia as top place to do business... Some petrol stations will drop debit and credit card sales... Video surveillance gets better acceptance... Dubai Cares organizes Fair and Walkathon Friday.
BusinessCast October 13, 2007
Today a look at the events and exhibitions in October, beginning with Cityscape Dubai 2007...then Fusion 2007 at Airport Expo Dubai, Property Arabia in Bahrain, India Education Exhibition in Dubai, Kuwait Oil and Gas Expo, Transexpo for transport technology in Dubai, Private Label in Dubai, Premium Exhibition, and the SME Expo.
BusinessCast October 12, 2007
The week's Top Stories, every Friday on BusinessCast... Kuwait to set up new market regulator... Experts say GCC currencies need to appreciate by 35%... National Bank of Abu Dhabi launches SMS money transfer... First completely Arabic Blackberry released... National Bank of Dubai and Emirates Bank International trading halted... GCC crude refining capacity expected to rise... Egypt's Finance Minister says dropping rental property tax will be discussed... Abu Dhabi rents to continue rise... Inflation in Abu Dhabi rose to 11.3% at the end of June... Dubai Airport Free Zone can house another 1000 companies in mid-2008... Dubai meat prices double for Eid, RAK consumers complain.
BusinessCast October 11, 2007
DFM up 0.59%, ADSM up 1.0%... Dubai consumers feel a doubling of Eid meat prices... Dubai World's "Limitless" to develop KSA Al Wasl community... IMF reports that UAE's financial system is strong... Oman inflation climbs to 16 year high... Dubai company wins legal battle against French perfume giant... Industries Qatar delays loan due to global credit turmoil... GCC will announce common market at the end of the year... Dow down, FTSE up... Iran claims high prices are not due to government mismanagement.
BusinessCast October 10, 2007
Annual inflation in Abu Dhabi at 11.3%... Dubai Airport Free Zone to house another 1000 companies in mid-2008... Central Bank of Syria will issue treasury securities for the first time... UAE raw material construction costs up 35%... Qatar's Energy Minister says 100-dollar per barrel oil price is justified by financial conditions... Emirates Securities and Commodities Authority to introduce new financial instruments... Dow climbs to record, FTSE drops... National Bank of Kuwait reports record net profit... 'Made in The Arab World' competition, final round, to be held in Cairo on 3 November.
BusinessCast October 9, 2007
DFM up 0.99%, ADSM rises 1.1%, Dow and FTSE decline... Borse Dubai will respond if Qatar makes competing bid for OMX... Emirates National Development Program director says UAE unemployment rate is artificially high... UK's J Sainsbury chain ready to accept revised takeover offer from Qatar's Delta 2 Group... Egypt's Finance Minister says dropping rental property tax from 46% to 8% will be discussed... Abu Dhabi rents to continue rise through 2010 according to bank report... ME IPO activity surges in Q2... Middle East International to feature Guinness book record holder.
BusinessCast October 8, 2007
DFM down 0.9%, ADSM down slightly, Tasi up 0.4%... National Bank of Dubai and Emirates Bank International trading suspended, as part of merger process... Kuwait Central Bank says inflation is falling... The world's most luxurious 'floating residences' to debut at Cityscape beginning 16 October... New real estate website launches with Cityscape... US and EU markets make gains... GCC crude refining capacity expected to rise 45% by 2010... Omniyat Properties will launch 3 new projects in 2008... Satellite TV channels number 370 according to report by Arab Advisors Group.
BusinessCast October 7, 2007
DFM gains 2.2%, ADSM advances 1.1%, Tasi up 0.4%... Emirates Security and Commodities Authority suspends purchases of 3 firms for 15 days... More than 20 Egyptian newspapers strike over freedom of press issues... Gulf Petrochemicals and Chemicals Association announces speakers for Dubai meeting beginning 11 December... Emerging Qatar 2007 published... National Bank of Abu Dhabi launches SMS money transfer... First completely Arabic Blackberry released... Qatar Financial Centre Authority launches publication.
BusinessCast October 6, 2007
Tasi falls 0.9% to open week... Oil analyst survey reveals 75% think prices will fall... Saudi consumer price index highest in 7 years... Kuwait will work to set up new stock market regulator... Gold prices rise, to 747.2 for December... Experts say GCC currencies need to appreciate by 35% against the US dollar... Dubai leads world in office space under construction... Mobily launches first video mail service in Saudi Arabia... Dubai based ETA Star Group signs on for Pakistan power project... Kuwait will tighten up pricing controls.
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