Daily BusinessCast

BusinessCast June 6, 2008
DFM closes week up 0.30% Thursday, ADX rises 0.15%... GCC plans luxury tax beginning in 2012... Emirates Airlines President believes oil will peak at 140... UAE is the most connected country in the Arab World according to Arab Advisors Group survey... OPEC research head says there is no need to boost production this year... Dubai customs holds briefing on VAT... Omani banking sector will move to Friday-Saturday weekend beginning in July.
Friday, June 06 - 2008 at 17:57 | Duration: 4:14

BusinessCast June 5, 2008
DFM up 0.30%, ADX up 0.15%... Economies across globe must prepare for slowdown in growth... Oil prices fell Wednesday due to stronger dollar... Private Equity industry forum planned for end of June... One villa, One family campaign continues for all Dubai villa's... Dubai World to increase African investments... Agility signs conditional agreement to acquire Cosa Freight... International Petroleum Investment Company reports 48% growth in profit for 2007... Dubai may ban cars over 20 years old.
Thursday, June 05 - 2008 at 17:55 | Duration: 3:59

BusinessCast June 4, 2008
DFM up 0.28%, ADX rises for fifth straight day, up 0.47%... GCC plans luxury tax beginning in 2012... MEFX 2008 lauded as key event... Dubai's booming real estate market has some risks... Dubai International Conference on Sustainable Construction to feature private sector speakers... British international banker based in Bahrain, detained in Dubai... Air Arabia calls for development of secondary airports... Airbus says Abu Dhabi is potential site for future manufacturing.
Wednesday, June 04 - 2008 at 18:05 | Duration: 4:19

BusinessCast June 3, 2008
DFM loses 0.38%, ADX up 0.40%... Shaikh Nasser Bin Zayed Al Nahyan, brother of UAE President, dies in helicopter accident... Retail City Exhibition and Conference tackles legal issues... Emaar Properties rated 'buy' at Citigroup... UAE to keep dirham pegged to dollar... Emirates Airlines President believes oil will peak at 140... UAE authorities work to stop import of illegal TV decoders... Consumer optimism up in UAE according to MasterCard survey... Bahrain's banking sector grows and is predicted to continue 20% growth for the next 3 years.
Tuesday, June 03 - 2008 at 17:56 | Duration: 4:21

BusinessCast June 2, 2008
DFM rises 1.26%, ADX up 0.62%... Future highlighted at opening of 8th Airport Show... UAE is the most connected country in the Arab World according to Arab Advisor's Group survey... Auto parts and accessories show 30% increase, year on year, in Dubai... Syria to emerge as great retail market over the next 5 years according to MAF shopping mall executive... Bahrain's financial services industry grows by 2200 employees... Dubai customs holds briefing on VAT... Hollywood actor Brad Pitt to act as design consultant for 5-star hotel.
Monday, June 02 - 2008 at 17:57 | Duration: 4:32

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.
Sunday, June 01 - 2008 at 18:01 | Duration: 4:48

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.
Saturday, May 31 - 2008 at 17:56 | Duration: 4:15

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.
Friday, May 30 - 2008 at 17:36 | Duration: 3:47