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BusinessCast October 5, 2007
The week's Top Stories, every Friday on BusinessCast... Swedish Financial Advisory Authority gives green light to Nasdaq for OMX purchase, Borse Dubai still needs evaluation... UAE Central Bank Governor says further cuts in interest rates are possible, depending on US Federal Reserve... Gulf inflation eroding purchasing power, likely to continue for several years... GCC private sector salaries increase on average of 9%... Kuwait leaves dinar unchanged, at highest level in 19 years... Oman repeats commitment to dollar peg... Gulf leaders to hear proposal to cap expat's stay at 6 years, AME Info Editorial Director Rob Jones replies... Qatar Investment Authority files for larger stake in OMX.
BusinessCast October 4, 2007
Dubai World Trade Centre reaffirms strategic vision... DP World plans IPO, possibly selling 30%, according to sources... Kuwait allows dinar to depreciate for 3rd time this week... Saudi oil exports could drop up to 12% for 2007 due to OPEC quotas... Mortgage lending in UAE nearly doubles in Q2... Newspaper editors sign Code of Conduct... Ajman Holding to invest over 1.5 billion dirhams in infrastructure businesses... Commercial property shortage forcing companies to locate in temporary accomodations... VIP coffee tour features worlds most expensive bean.
BusinessCast October 3, 2007
DFM up 0.39%, ADSM rises .11%... Qatar Investment Authority files for larger stake in OMX... UAE Central Bank Governor says GCC unlikely to have monetary union by 2015... Dow and FTSE 100 lose ground... Loans for Saudi development more difficult with global credit crunch... Qatar wealth fund trims exposure to dollar... Canadian analyst sees 100 dollar a barrel oil as soon as next year... Some Kuwaiti companies protest new exchange rules.
BusinessCast October 2, 2007
ADSM up 1.22%, DFM slightly higher... Kuwait allows dinar to depreciate against dollar... Dollar sinks to record low... US stocks soar to open 4th quarter... Qatar's Oil Minister recommends against boost in OPEC supply... Kuwait stock exchange develops new listing rules... Gulf leaders will hear proposal to cap expat's stay at 6 years... HSBC will lend to Borse Dubai... Nokia jumps to 5th best global brand.
BusinessCast October 1, 2007
DFM up 0.3%, ADSM rises 1.5%, Tasi up 0.2%... Kuwait leaves dinar unchanged, at highest level in 19 years... Oman repeats commitment to dollar peg... Nasdaq posts new high for year, EU markets generally flat... Role of regulatory authority in Islamic finance to be examined in Zurich... Emaar denies reports of seeking funding... Bahrain's money supply grows... Creators of world's largest swimming pool to attend Cityscape Dubai... Timeshare ownership opens new market for Dubai.
BusinessCast September 30, 2007
DFM flat, ADSM up 1%, Tasi down 0.5%... HSBC to establish brokerage, trading on ADSM and DFM... Qatar analysts say ditching dollar peg would not have major effect on soaring inflation... Gulf inflation eroding purchasing power, likely to continue for several years... GCC private sector salaries increase on average of 9%... Dubai commercial property space to triple by 2010... Abu Dhabi airport spending to reach 7 billion.
BusinessCast September 29, 2007
Swedish Financial Advisory Authority gives green light to Nasdaq for OMX purchase, Borse Dubai still needs evaluation... UAE Central Bank Governor says further cuts in interest rates are possible, depending on US Federal Reserve... Tasi begins trading week with 0.8% fall... London Brent crude hits all-time high of 81.1... Gold reaches 750... Transport and Infrastructure projects will be subject of Gulf Traffic Exhibition and Conference... Economists advise UAE not to hike petrol prices... Middle East International Motor Show begins 13 November.
BusinessCast September 28, 2007
The week's Top Stories, every Friday on BusinessCast... US regulators to look at Nasdaq-Borse Dubai deal... Syria signs exploration deal with Canadian company... "Visions of Dubai" gold coin unveiled... Nasdaq and Borse Dubai hope to form pan-continental alliance... Heavy speculative buying Monday converted dollars into dirhams... Oman has no plans to lower interest rates... UAE Central Bank lowers interest rates on Certificates of Deposits... Dubai rents to decline in 2008 according to EFG-Hermes... Saudi stock market to adopt new exchange system... Dubai Chamber of Commerce and Industry plans 30-40% employee pay increase for cost of living.
BusinessCast September 27, 2007
DFM up 0.20%, ADSM down 0.17%... UAE Central Bank Governor says nation is committed to dollar peg... Saudi stock market to adopt new exchange system... Dubai Chamber of Commerce and Industry plans 30-40% employee pay increase for cost of living... Emaar MGF Land announces IPO in India... Kuwait approves budget for ME's largest refinery... Oil price average to surge next year according to analysts... Dow and FTSE 100 both gain... Search firm survey says Middle East is losing out on talent.
BusinessCast September 26, 2007
DFM down 1.05%, ADSM up 0.99%... Borse Dubai and Nasdaq reach agreement with OMX shareholders... UAE Central Bank lowers interest rates on Certificates of Deposits... Saudi riyal climbs to 21 year high against dollar... Dubai rents to decline in 2008 according to EFG-Hermes... World Bank recognizes Saudi Arabia as best place to do business in the ME... Saudi Arabia allowing GCC residents to buy and sell shares freely... Omar Sharif voices Zain advertisement.
BusinessCast September 25, 2007
DFM up 0.84%, ADSM up 0.48%... Heavy speculative buying Monday converting dollars into dirhams... Borse Dubai, Nasdaq in talks with OMX to raise per-share bid... Oman has no plans to lower interest rates... Qatar's Minister of Finance says rents should stabilize... UAE to trim oil output for maintenance... Kuwait will investigate real estate price hikes... Dubai Mercantile Exchange Ltd. announces record... General Motors strike contributes to US stock market loss, UK's FTSE up slightly... Nokia opens office in Cairo.
BusinessCast September 24, 2007
DFM shows modest gain of 0.3%, ADSM up 0.5%, TASI down 0.2%... European-US market in line with upward momentum... Nasdaq and Borse Dubai hope to form pan-continental alliance... Computer sales up 29% in the Gulf for Q2... Christie's to introduce real-time multi-media auction... Prestige 2007 announced for 23 October.
BusinessCast September 23, 2007
DFM, ADSM, TASI open week flat... Kuwait allows dinar to appreciate... "Visions of Dubai" gold coin unveiled... Sensex set for correction according to analysts... Insurance sector growth seen in KSA over 10 years... Additional 100 litres of petrol available to Iranian motorists... Abu Dhabi National Exhibitions Company signs agreement with UK show organizers.
BusinessCast September 22, 2007
DP World Vice-Chairman denies IPO report... US regulators to look at Nasdaq-Borse Dubai deal... Oil slipped below 82 Friday, but still near record... Gold prices hit high Friday before retreat, stoking inflation fears... Tasi opens week with slight dip... Syria signs exploration deal with Canadian company... Maritime museum planned for Dubai Maritime City... Oil fuels Saudi foreign asset accumulation... Symantec Internet threat report says cyber criminals are becoming more professional.
BusinessCast September 21, 2007
The week's Top Stories, every Friday on BusinessCast... Dubai takes 28% share in London Stock Exchange, Nasdaq to become shareholder in Borse Dubai... Zain will move to Bahrain... KSA allows multiple entry visas for foreign businessmen... OPEC capacity to increase 4.7%, and they may also discuss output hike if prices stay above 80 for 15-20 days... Bill Gates to speak in Dubai in 2008... Reality Check 2.0 video can be seen online, soon, through Dubai Internet City... Bahrain undergoes reforms to enhance business... UAE amnesty program could shed 8.5% of population.
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