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BusinessCast July 12, 2006
World Cup called 'a major success' by Emirates... Public Prosecution, Dubai and DIFC enhance cooperation to combat financial crime... Indian stocks rise, Finance Minister says terror bombs won't significantly hurt economy... Oman government revenues up 41% for first 5 months of 2006... High rents in UAE will come down according to Minister of Economy... Steel prices up 65% in Dubai.
BusinessCast July 11, 2006
Standard Chartered's new Senior Economist says UAE economy will power ahead... GCC proposal could bring price tags in 6 currencies to prepare for unified Gulf currency... Fusion 06 to underscore Dubai's status as premier hub for fashion in ME... Iran's inflation pegged at 10.3%... Dubai World to invest more than 8 billion in Egypt... 2006 Hotel Apartment group hears of desire for special needs tourism.
BusinessCast July 10, 2006
DFM down 1.5%, ADSM down .7%, number of trades increases... VoIP technology may be allowed in UAE according to Cisco... Amman exchange gains 3% following decline last month... Qatar and Oman sign agreement for joint investment company... Cost of transport crude from the Middle East to Asia going up... Gold trading slows in June on Dubai market.
BusinessCast July 9, 2006
Sluggish turnover, loss of .2% on Dubai Financial market, Abu Dhabi down .1%... Networking skills shortage is forecast by 2009... Arab region air traffic up 9.7% ... Tourism significant in Abu Dhabi, 1.2% of the economy... Lebanon company plans Iraq oil refinery... RAK grocery shoppers complain of price differences... High rents, lack of space send small and medium size businesses away from Dubai.
BusinessCast July 8, 2006
Moderate gains on Dubai and Abu Dhabi markets, slow business trends continue from last week... Abu Dhabi signs with Guggenheim Foundation for contemporary art museum... Oil prices fell Friday after favorable reaction by Iran to incentives package... Northern Iraq oil pipeline to Turkey stops pumping, temporarily... Dubai Duty Free sales headed for another record breaking year... Palestinian economy could shrink by 15%... Jordan, Turkey, Bahrain and Egypt move forward with Voice Over internet protocol.
BusinessCast July 7, 2006
The week's Top Stories, every Friday on BusinessCast; Saudi interest rate up by 20 basis points, now 5.2%... Mall of the Emirates takes three industry honors... UAE calls for joint ventures with countries where ex-pats send $15.8 billion... Dubai placed 9th in a survey of the world's most expensive office rental prices... AME Info was purchased by Emap Communications in a deal worth $29 million, Emap is the second largest media group in the UK... The trading week ended on a positive note in Dubai with a 2.26% gain.
BusinessCast July 6, 2006
Stocks rise 2.26% in Dubai, Abu Dhabi down .13%... Yassar Limited receives approval to operate from Dubai International Financial Center... Iran gas rationing could begin as early as September... Yemen wants to produce nuclear energy for electricity... Supervision hoped to attract foreign investors on the Dubai Multi Commodities Exchange... 80 dollar per barrel oil discussed as a possibility during US hurricane season... Land sales in Dubai down 40% from a year ago.
BusinessCast July 5, 2006
Sony Gulf introduces the smallest and lightest PC... Euro hits a 4-week high against U-S dollar... Q1 Dubai hotel rates up 19% from a year ago... Saudi advertisers say municipality fee increases could put thousands out of work... Syria's trade surplus at 720 million, crude exports expected to dry up by 2010... Lebanon wants to borrow 7 billion dollars to reduce interest on debts... UAE will be among top 5 aluminum producers by 2010... Dubai jewelry outlets enjoy brisk sales, even as world interest over gold diminishes.
BusinessCast July 4, 2006
Emap Communications acquires AME Info in deal worth 24 million... Dubai stocks down nearly 2%, Emaar down 2.19%, Abu Dhabi down .34%... Gold up by more than 2% to 625.00 in London trading... Oil futures threatened 74 dollars a barrel Monday... Abu Dhabi key crude at 68.85... Dubai Gems Club completes first sales worth 2.3 million.
BusinessCast July 3, 2006
UAE to enter gold market according to Central Bank Governor, Euro purchase expected... DFM enjoys marginal gain in brisk trading, ADSM down .6%... Emaar gains approval for buyback... ADSM will publish insider trading information... UAE GDP predicted to rise as much as 60% in the next few years... Abu Dhabi to receive 4 billion in foreign direct investment... Dubai office rentals more expensive than New York, 9th highest.
BusinessCast July 2, 2006
DFM down .9% lower, ADSM largely unchanged... Saturday trading slow in UAE as investors await Q2 results... DIFX admitted to International Organization of Securities Commissions... Qatar's economy grows by 8.4% in Q1 compared to Q4 2005... Oil export proceeds were 440 billion for 2005 for GCC countries and Libya... UAE workers send 15.8 billion to home countries... Cement producers still trying to justify price hike... Dubai crude will hit 65 a barrel according to South Korean analysts.
BusinessCast July 1, 2006
The Mall of the Emirates wins globally and locally... Saudi Central Bank raises interest rates by 20 basis points, now 5.2%... Rising rent in Dubai affecting low and middle income residents, land prices causing developers to look elsewhere... New Friday-Saturday weekend expected to enhance UAE economy, new films to be released on Thursdays... Oman free trade pact with US favored by Senate... Phase One of new UAE health insurance scheme begins today.
BusinessCast June 30, 2006
The week's Top Stories, every Friday on BusinessCast; UAE Travelers urged to check with airlines about baggage allowances... Dubai achieved 36% growth in trade for 2005... DFM slumped to 18 month low Sunday... US-Arab Economic forum heard from industry and government leaders... Qatar passed a law allowing companies to buy back shares... Global oil demand growth questioned by IEA analyst.
BusinessCast June 29, 2006
Trading week closes in negative territory on low volumes... Marketer John Zogby says understanding is key to US-Arab relations... Oil demand growth could be weaker than expected according to IEA analyst... Bahrain cuts budget deficit estimates in half... Mostly positive Q2 growth for Gulf Oil exporting countries according to Reuters survey... Gold predicted to rise again, near 700 by November 2007.
BusinessCast June 28, 2006
Delegation from Iraqi Kurdistan visits Dubai for talks on investments... Collective trade surplus of oil-exporting countries was more than 450 billion in 2005... US-Arab Economic forum hears from Saudi Arabian General Investment Authority... Qatar passes law for companies to buy back shares... Iraq could restart northern oil exports, although they may be temporary... Microsoft unveils Qatar community education projects in Doha.
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