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BusinessCast May 2, 2008
Nakheel Retail forecast to be largest shopping mall developer by 2012... UAE forces companies to deliver on unpaid wages... Shell and Qatargas sign LNG supply deal with Dubai... Research survey shows employee satisfaction in the UAE is comparably low, 26% say they are highly satisfied, Lebanon and Morocco scored highest... Abu Dhabi implements bylaws to regulate property market registration... New air conditioning technology developed in UAE could produce huge savings for airlines and airports... Abu Dhabi Exhibition Centre construction going 24 hours a day... Sabban Property Investments announces first 'carbon neutral' development in the Middle East... DFM closes week with gain of 1.36%, ADSM up 0.72%... UAE lowers repo rate by 0.25 percentage points, following US Federal Reserve cut.
BusinessCast May 1, 2008
DFM closes week with gain of 1.36%, ADSM up 0.72%... UAE lowers repo rate by 0.25 percentage points, following US Federal Reserve cut... Gold falls to 3-month low... Egyptian President calls for public sector salary raise of 30%... UAE cement plants pledge freeze at 17 dirhams per bag... ROI drop causes concern for developers and investors... Qatar supermarket chain freezes prices on 50 items through 2008... Iraq oil field exports to Turkey grow to most since 2003... Emirates Group reports 20th consecutive year of net profits, increasing 54.1%.
BusinessCast April 30, 2008
DFM down 0.24%, ADSM dips slightly 0.04%... Sabban Property Investments announces first 'carbon neutral' development in the Middle East... UAE delegation participates in World Islamic Economic Forum... Kuwait's economy fueled by oil, providing more than 90% of export revenues... Gulf Finance House reports Q1 net profit up 61% from 2007... Emirates Air reports 62% net profit rise in Q1 2008... Emirates Islamic Bank shows Q1 net profit up 253% over 2007.
BusinessCast April 29, 2008
DFM up 0.65%, ADSM down 0.14%... Abu Dhabi air passenger figures show 34% increase in Q1... New air conditioning technology developed in UAE could produce huge savings for airlines and airports... Abu Dhabi Exhibition Centre construction going 24 hours a day... Dubai Islamic Bank reports Q1 profit gain of 31%... National Bank of Oman shows profit increase of 49% for Q1... Gulf waterfront developments could lead to big surge in water bus and ferry industry.
BusinessCast April 28, 2008
DFM down 1.22%, ADSM loses 0.41%... Saudi inflation neared 10% in March... Research survey shows employee satisfaction in the UAE is comparably low, 26% say they are highly satisfied, Lebanon and Morocco scored highest... Abu Dhabi implements bylaws to regulate property market registration... Oman Telecom reports 60% rise in profit for Q1... Qatari Diar signs to build resort on Cuban island... UK property consultant sees Abu Dhabi property as best prospect for investors.
BusinessCast April 27, 2008
UAE forces companies to deliver on unpaid wages... Shell and Qatargas sign LNG supply deal with Dubai... Medical tourism industry will be highlighted by Women's Health Care... New Etisalat router enables 32 or more wireless connections... Entertainment industry professionals attend PALME... Aramco will increase number of wells... Abu Dhabi National Hotels Company to issue bonus shares.
BusinessCast April 26, 2008
Oil prices continues to hit peaks... The Tasi gained 1.28% last week... Retail real estate leaders announced major developments, Nakheel Retail forecast to be largest shopping mall developer by 2012... Global Investment House establishes GCC Global Telecom index... Masafi Juice reports growth of 15% in Q1... General Motors reports 35% Q1 increase... Dubai office rents rose 22%, commercial properties up 54% in 2007... Dubai Group enters into partnership with Dubai Press Club... Alumco LLC announces private equity investment.
BusinessCast April 25, 2008
Tatweer to develop Dubailand Super Hero theme park... Dubai is one of the most thriving destinations for business tourism... Asteco observes no significant rent changes in Dubai during the first quarter of 2008... Saudi minister says there's no need to expand oil production... The 8th edition of the Global Travel and Tourism Summit opened Monday... Nasair inaugurates flights to UAE... Consumer confidence will turn around according to International Council of Shopping Centers CEO... Saudi inflation could exceed 10% this year... UAE Federal National Council discusses soaring personal debt... DFM ends week with 0.61% rise, ADSM down 0.18%.
BusinessCast April 24, 2008
DFM ends week with 0.61% rise, ADSM down 0.18%... Soaring food costs feared by UN Food Programme... UAE economy minister says meeting 5% inflation goal would be 'a miracle'... Survey shows top areas of concern for Dubai real estate involve security and trust... Damac plans huge investments in growing Qatar... Abu Dhabi Airports Company to develop free zone... Telecommunications meets Broadcasting at 7th Arab Media Forum.
BusinessCast April 23, 2008
DFM down 1.20%, ADSM virtually unchanged... Saudi inflation could exceed 10% this year... Rice prices hit record over possible Thailand export restrictions... Cisco selected by United Development Company of Qatar for technology on The Pearl - Qatar... Foreign currency ratings raised for Oman... Iran to supply gas to Switzerland beginning in 2009... Arab media forum explores technology... UAE Federal National Council discusses soaring personal debt... World Travel and Tourism Council attracted more than a thousand delegates, AME Info's Phil Blizzard files a video report.
BusinessCast April 22, 2008
DFM up 0.99%, ADSM rises 0.36%... Oil hit new record highs Monday, New York light sweet crude closed at 117.48... Japanese oil tanker sustained damage after pirate attack... Dubai Chamber welcomes global CEOs... Kuwait's sovereign wealth fund invests 76% in US and Europe... Consumer confidence will turn around according to International Council of Shopping Centers CEO... DEAL 2008 makes waves in ME leisure industry... Aldar signs with Marriot International... Batelco gives internet customers discount for internet interruption.
BusinessCast April 21, 2008
DFM slightly up, ADSM slightly down... The 8th edition of the Global Travel and Tourism Summit opened today... Nasair inaugurates flights to UAE... Abu Dhabi announces 20 billion dollar oil and gas development program... Fitch Ratings says Oman banking system has prospered... Protecting assets in a recession analyzed by AME Info Consultant Editor Peter J. Cooper.
BusinessCast April 20, 2008
DFM rises 2.28%, ADSM gains 1.82%... Dubai Supply Authority announces floating LNG facility... Abu Dhabi non-oil external trade rose in '07... Asteco observes no significant rent changes in Dubai during the first quarter of 2008... Saudi minister says there's no need to expand oil production... DEAL 2008 opens in Dubai... Abu Dhabi government to ask developers to allocate 20% of housing to lower income residents... Arab Media Forum will discuss technology... Gulf Navigation Holding approves 20% of shares for non-GCC nationals.
BusinessCast April 19, 2008
Oil prices rose past 116 Friday as Nigerian pipeline was threatened... Tasi extended gains last week, still 12.8% lower than beginning of the year... Top building industry players participate in Building Futures Gulf, opening Sunday in Abu Dhabi... First Kuwaiti General Trade and Contracting completes US Embassy in Baghdad... Global Investment House announces payout... United Development Company, Qatar, reports 104% quarter-on-quarter increase in net profits... Tatweer to develop Dubailand Super Hero theme park... Dubai is one of the most thriving destinations for business tourism.
BusinessCast April 18, 2008
Stocks close week with gains; DFM up 1.25%, ADSM rises 0.68%... Consumer confidence down in Middle East according to study... Kuwait posts budget surplus of 42.9 billion dollars... UAE Central Bank governor speaks of complications from falling dollar at IMF meeting... Oman inflation rises... Passenger throughput at Dubai International Airport increases 15% in first quarter... 6th Dubai City of Gold panel believes gold prices could stabilize between 850-950... World Economic Forum report shows growth for Qatar, Denmark leads... Kuwaiti dinar gains cumulative 9.07% since dropping dollar peg... Iran to export petrol by 2012 after refinery upgrades.
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