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BusinessCast May 17, 2008
Goldman Sachs expects oil prices to average 141 this year, 148 next... Oxford Business Group to address Abu Dhabi property sector... Orange signs with Apple to bring iPhone to to Egypt and Jordan... NonStop Wireless developed by Trapeze Networks... France, Germany, Italy open visa application centre... Jordan to build green city on outskirts of Amman... Dubai World, MGM Mirage discuss purchase of New York City hotel... Abu Dhabi Tourism Authority enables online licensing... Dubai Textile City 7 months from completion.
BusinessCast May 16, 2008
KPMG survey forecasts drop in crude prices, Goldman-Sachs predicts 150-200 within 2 years... Dubai has credentials to become global yachting hotspot according to director of Nakheel Marina... Abu Dhabi's GDP predicted to triple by 2025 in Department of Planning and Economy report... Gulfsands Petroleum counters sanctions with relocation to London and resignation of US executives... Qatar's oil minister says emergency OPEC meeting is not necessary... Dubai power and water consumption up... Qatar Airways cancelled flights to Khartoum on Tuesday... Abu Dhabi's western region renamed.
BusinessCast May 15, 2008
DFM, ADX both lower... Busy Cityscape Abu Dhabi extended through Friday... Construction companies under pressure to go green... High global food prices to remain for 2 to 3 years... Abu Dhabi's housing shortage forecast to ease within 3 years... Delegation attends US-Arab Cities Forum... Sony Gulf predicts rise in camcorder sales with new slim model... Oil output from Iran to remain the same according to Iranian Oil Company spokesman... UAE to conduct workforce survey.
BusinessCast May 14, 2008
DFM down 0.60%, ADX up 0.08%... Dubai Internet City tower catches fire... Middle East called attractive place to invest according to HSBC wealth manager... Kuwait businesses close for three days of mourning following death of former emir... IEA report predicts world oil demand is lessened... Abu Dhabi National Exhibition Center reveals plan for micro city... Telecom Finance Middle East and Africa 2008 set for next week... Abu Dhabi's western region renamed.
BusinessCast May 13, 2008
DFM loses 1.35%, Abu Dhabi down 0.09%... Qatar Airways cancels flights to Khartoum... Rental yields in Dubai residential market drop... Cityscape Abu Dhabi shows attendance increase of 120% on opening day... Kuwait to boost oil production capacity... Batelco to invest 1 billion dollars in Saudi market... Fitch report predicts continued positive results in UAE banking sector... Dubailand finalizes Marvel plan... BITE 2008 opens tomorrow in Bahrain.
BusinessCast May 12, 2008
DFM rises 1%, Abu Dhabi up 0.41%... Qatar's oil minister says emergency OPEC meeting is not necessary... Dubai Mercantile Exchange plans gold futures contract... Real estate sector looks for area for investments... GCC study shows businesses sometimes don't communicate effectively... ITU Telecom Africa 2008 opens in Cairo... Abu Dhabi anticipates renewable energy projects will become commercially viable in the near future... New records expected at Cityscape Abu Dhabi beginning tomorrow... Dubai power and water consumption up... Sustainable development in Abu Dhabi discussed in roundtable.
BusinessCast May 11, 2008
DFM loses 1.52%, ADX down slightly... Abu Dhabi's GDP will triple by 2025 according to Department of Planning and Economy report... Gulfsands Petroleum counters sanctions with relocation to London and resignation of US executives... Construction and demolition waste generated in Dubai grew by 163% in 2007 compared to '06... TRA Bahrain says 7 companies are interested in becoming the 3rd mobile operator... Rising fuel costs to be passed on to passenger according to Qatar Airways CEO...Phil Blizzard reports on reaction to high oil prices by Qatar and Emirates... New international weekly business magazine, The Gulf, debuts from Bahrain.
BusinessCast May 10, 2008
KPMG survey forecasts drop in crude prices, Goldman-Sachs predicts 150-200 within 2 years... Tasi lost 2.9% last week... ATM 2008 draws to a close... Abu Dhabi property developers to get preview of properties during Cityscape... British pound extends losses against the US dollar... Fitch Ratings says further tightening of guidelines on Islamic securities issuance may have negative effect... Dubai has credentials to be global yachting hotspot says Nakheel Marina director.
BusinessCast May 9, 2008
DFM closes week with 0.51% loss, ADX up by 0.64%... Saudi oil revenue to reach 260 billion this year... Causeway to be built between Qatar and Bahrain... Arabian Hotel Investment Conference hears of future and 'bubble'... ADX is new name for Abu Dhabi bourse... Banks made poor financial decisions according to credit crunch report... Arabian Travel Market hears travel trends survey from Future Brand... Rents in Abu Dhabi up... Qatar Central Bank lowers deposit facility rate by 25 basis points... Middle East airlines record 15.4% passenger increase for March.
BusinessCast May 8, 2008
DFM closes week with 0.51% loss, ADX up by 0.64%... Soaring food prices push millions toward poverty... Single currency unlikely by 2010 according to economist... Kuwaiti developer halts investment in home country, claiming it's not a place where they can make a feasible investment... Kensington plans commercial property in Dubai Maritime City... du will build the Europe-India Gateway system from UK to India... 3 Dubai-Beirut flights cancelled by Beirut labor unrest... UAE seeds rain from clouds... According to ABCe audit, AME Info now has 1.18 million unique readers per month.
BusinessCast May 7, 2008
DFM up, ADX down... Saudi oil revenue to reach 260 billion this year... Causeway to be built between Qatar and Bahrain... InRetail 2008 set for June8-10... Saudi Arabia setting up investment firm with low risks for foreign investors... UAE leads ME in knowledge economy... Etihad Airways looking to buy... United to fly non-stop from Dubai to D.C. beginning in October... Doha symposium looks at managing risks.
BusinessCast May 6, 2008
ADX is new name for Abu Dhabi bourse... DFM shows minor dip, ADX down slightly... Banks made poor financial decisions according to credit crunch report... DSF Office brand identity unveiled at ATM, Nakheel announces Shamu shaped island, Abu Dhabi showcases tourism infrastructure... Nokia Siemens Networks regional head forecasts more applications, telecom revenue streams... Dubai Studio City partners with Arab Radio and Television Network.
BusinessCast May 5, 2008
DFM, ADSM slightly higher... du announces first quarter financial results, revenues up 18% from previous quarter... Travel trends survey released by Future Brand... Saudi Aramco extends discounts for crudes to be exported to Asia... Arab Business Angels Network launches first 3 investments in ME... Ajman government reveals airport master plan... Bahrain approves draft law for press freedoms.
BusinessCast May 4, 2008
DFM, ADSM each rise... Arabian Hotel Investment Conference hears of future and 'bubble'... Middle East medical technology industry grows with Jordan center... Rents in Abu Dhabi up 17% according the Department of Planning and the Economy... Energy consumption increase brings need for nuclear energy... MEED launches in-depth report on Middle East steel production and consumption.
BusinessCast May 3, 2008
Qatar Central Bank lowers deposit facility rate by 25 basis points... Saudi stock exchange showed upward trend last week... Emaar Hospitality Group will open 5-star properties later this year... RAK Tourism among participants at Arabian Travel Market, May 6-9... UAE Transport Authority partners with Dubai Maritime City to open licensing bureau by June... Iran doubles fuel in Gulf tankers... World Press Freedom Day celebrated in UAE... DP World Chairman joins with Peru's President in ceremony... Middle East airlines record 15.4% passenger increase for March... Christie's auction of jewels and watches brings over 20 million dollars.
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