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BusinessCast June 1, 2008
DFM up 1.10%, ADX up 0.47%... Dubai International Airport makes preparations for summer tourists... Close to 10,000 passengers stranded due to Silverjet collapse... Saudi-US press conference reveals no plan to drop peg... OPEC President blames high oil prices on speculators... Omani banking sector will move to Friday-Saturday weekend beginning in July... Retail City Expo opens in Dubai... Future Airports Congress opens 2 June, alongside Airport Show... Jordan light railway expects to begin operations in 2011... IEA projects demand for oil will reach 116 million b/d by 2030.
BusinessCast May 31, 2008
OPEC research head says there is no need to boost production this year... UAE OPEC governor says market fundamentals don't justify current high prices... DP World Limited holds first AGM as publicly listed company... ADCB CEO Ervin Knox calls charges baseless, Abu Dhabi Commercial Bank says it's a personal matter... New York City's GM building among targets by Middle East buyers... IBM financial markets experts signal strong confidence in Middle East markets... Abyaar confirms it will pursue a capital increase and secondary listing on DFM... Ajman real estate value stands at 33 billion dollars.
BusinessCast May 30, 2008
DFM closes week with 0.17% gain, ADX up 0.77%... Hotel Show opens June 8 with results of research report from Fast Future... Airport show begins June 2, showing 12% growth... Merrill Lynch report suggests UAE and Qatar will move to a basket of currencies over the next few months... George Soros makes predictions, implications for Middle East uncertain... Fitch report says inflation rate could hamper GCC monetary union... Saudi agency targets domestic tourism... OPEC forecasts continued growth in 2008... US carmaker Ford announces cut in SUV, truck production due to fuel costs.
BusinessCast May 29, 2008
DFM rises 0.17%, ADX up 0.77%... Abu Dhabi announces program for sustainable buildings... UAE Central Bank Governor reaffirms dollar peg... Kuwait unemployment near 5.5%... Dubai cracks top 10 of most expensive office rentals, London's west end leads... Aviation expert says budget carriers and airports could help shape the future of the industry... Middle East passenger air traffic rose 11% in April.
BusinessCast May 28, 2008
DFM gains 0.34%, ADX loses 0.31%... Hotel Show opens June 8 with results of research report from Fast Future... India tops list of Dubai's direct import destinations... Demand for doctorates rising in the Middle East... New hotel classification system planned for Dubai later this year... DGCX launches crude futures... Airport show begins June 2, showing 12% growth... Compressed air car developed by 3 Emirati's and a Saudi national.
BusinessCast May 27, 2008
DFM up 0.23%, ADX nearly flat... Merrill Lynch report suggests UAE and Qatar will move to a basket of currencies over the next few months... MEFX set to begin on 1 June, reinforcing Dubai's position as a global financial hub... EFG-Hermes releases comprehensive report on Saudi banking sector... UAE visit visa's will rise in cost beginning in July... Oman plans VAT on 'general goods' as early as next year... Telecom consulting firm says it is critical for telecoms to focus on profitable growth... Abu Dhabi housing prices up 53% according to Collier's report.
BusinessCast May 26, 2008
DFM down slightly, ADX up slightly... MEED's 7th Annual Middle East Petrochemicals Conference begins June 15... George Soros makes predictions, implications for Middle East uncertain... Shuaa Capital halts trading on Kuwait Stock Exchange... Iran-Turkey pipeline hit by sabotage... Etisalat and du leaders, speaking on the sidelines of MECOM 2008, say they have nothing to fear from new mobile operators... Union Properties plans low income housing for Dubai... Diesel prices to rise Monday.
BusinessCast May 25, 2008
DFM rises slightly, ADX up 0.89%... DFM successfully concludes London investment conference... Fitch report says inflation rate could hamper GCC monetary union... Saudi agency targets domestic tourism... Abu Dhabi Department of Transport announces 5 year Strategic Plan... MECOM 2008 opens Monday... Countries in 'new economic region' are most popular for retail and real estate investment... GM loses 2 billion due to strikes.
BusinessCast May 24, 2008
OPEC forecasts continued growth in 2008... Silverjet suspends London trading... Greater competition is forecast for airline ground handling industry... du and Etisalat announce activity at MECOM 2008... Global outsourcing industry changes business models according to Dubai Outsource Zone... Egyptian tourism grows 20%... US carmaker Ford announces cut in SUV, truck production due to fuel costs... Bahrain government reintroduces ban on outdoor work between midday and 4pm.
BusinessCast May 23, 2008
Goldman-Sachs expects oil prices to average 141 this year, 148 next... Dubai Customs says VAT will improve living standards, IMF warns of additional inflation... Qatar's oil minister says emergency OPEC meeting is not necessary... Diesel prices in Dubai hit record... Qatar's gas and knowledge industry point to boom town economy according to report... Fitch says inflation in the GCC will rise further... OPEC has no magic solution to soaring crude prices.
BusinessCast May 22, 2008
DFM rises 1.37%, ADX up 1.15%... Fitch says inflation in the GCC will rise further... OPEC has no magic solution to soaring crude prices... Interpol issues arrest warrant for Abu Dhabi Commercial Bank CEO... World Gold Council reports UAE gold sales rise 15%... Family Business Survey to be released at forum next week... Dubai World Trade Centre awards development contract.
BusinessCast May 21, 2008
DFM loses 0.55%, ADX down 0.64%... Emirates Airlines website on top of AME poll... UAE and Libya agree to form trade and investment company... Qatar's gas and knowledge industry point to boom town economy according to report... Omani port welcomes Mediterranean Shipping Company... Abu Dhabi Media Company becomes Gold sponsor of MECOM 2008... Real estate sales in Kuwait dip in April... Middle East to see exponential growth in franchise sector.
BusinessCast May 20, 2008
DFM, ADX both fractionally lower... ADX announces 5-year strategic plan... Diesel prices in Dubai hit record... Saudi Telecom to host regulatory summit... Key banking and financial decision makers to attend MEFX on 1 June... Batelco warns of SMS spam... Hacktivism on rise in UAE... Inflation in UAE at 12%, fuel prices account for 36% of the rise... Global concludes capital increase successfully... Abu Dhabi International Airport to offer free wifi access beginning next month.
BusinessCast May 19, 2008
Kuwait Stock Exchange cancels Agility trades for Sunday after calculation error... World Economic Forum announces committee on "Future of The Middle East"... Steel manufacturing plants in the Gulf to get 18 billion dollar investment... Sky golf will come to Dubai in 2010... National Bank of Kuwait believes allowances will hedge inflation rate... Emaar, The Economic City signs MoU with Ritz-Carlton... Bush warns that oil supplies will run out.
BusinessCast May 18, 2008
Oil rises and takes Dubai house prices with it... Iran bank set to be banned from operating in EU... World Economic Forum attendees encouraged to go global... Iran says it won't increase oil production... Oman investing 10 billion dollars to increase oil production... Kuwait ministries told to curb spending and call in debts... Telecom report shows competition brings opportunities and threats... Gold up to 905... Dubai Customs says VAT will improve living standards, IMF warns of additional inflation.
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