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BusinessCast April 17, 2008
DFM up 1.25%, ADSM rises 0.68%... Oil hits new high above 115... Analyst says gold price may double beyond 2010... New UAE capital city planned... Saudi Arabia increases investment in energy infrastructure... Emaar Properties posts decline in profit... English language newspaper launches in Abu Dhabi... Middle East maritime industry continues growth.
BusinessCast April 16, 2008
DFM rises 0.78%, ADSM up 0.51%... Consumer confidence down in Middle East according to study... Emaar reports profits similar to those in first and last quarters of 2007... Atlantis, The Palm, will open in September, the first on Dubai's revolutionary island... Kuwait posts budget surplus of 42.9 billion dollars... Oman's GDP grows... Tasi follows free-float methodology... The Tiger Woods Dubai get approval, completion expected in 2009.
BusinessCast April 15, 2008
DFM up 0.92%, du rises 4.04%, ADSM up fractionally ... 8th Edition of Careers UAE opens three day run... Oil prices hit intraday trading record of 112.48... Microsoft Global Energy Forum will be held in Abu Dhabi on 29 April... UAE Central Bank governor speaks of complications from falling dollar at IMF meeting... Number of credit card holders in the Middle East will fall marginally according to MasterCard... GCC Sports Tourism Development Conference planned for December 11.
BusinessCast April 14, 2008
Both DFM and ADSM slightly down in Monday trading... Bapco fire could take 3 more days to control... Oman inflation rises 10%... DFM Company releases financial results for Q1 2008... Bahrain Stock Exchange moves infrastructure toward online trading... UAE project looks to cut costs of dairy product and fruit juices... Oil and Gas West Asia Exhibition planned for Oman April 21-13... Going green is gaining popularity in kitchens and bathrooms... Passenger throughput at Dubai International Airport increases 15% in first quarter... Dow Jones Indexes opens Middle East office.
BusinessCast April 13, 2008
Careers UAE 2008 registers over 31% growth in exhibition space... U.S. experts being flown to Bahrain to contain Bapco oil well fire... 6th Dubai City of Gold conference completes 2nd day, panel believes gold prices could stabilize between 850-950... World Economic Forum report shows growth for Qatar, Denmark leads... Dubai Entertainment, Amusement and Leisure Show set for April 20-22, exhibitor numbers up by 20%... Bahrain Labour Fund report shows women are moving out of traditional occupations and exploring finance and aviation.
BusinessCast April 12, 2008
Kuwaiti dinar gains cumulative 9.07% since dropping dollar peg... City of Gold conference opens with optimistic view of future... Etisalat expected to launch service using mobile phones as credit cards... LG Electronics introduces InteractPad handset... Nexus named as top Personal Lines Broker by insurance group... UAE ranks 8th out of 15 in CB Richard Ellis retail report... Iran to export petrol by 2012 after refinery upgrades... Inaugural Gulf Film Festival sets media partners... Islamic Finance Forum begins Sunday.
BusinessCast April 11, 2008
DFM shows modest gain, ADSM ends strong week rising 1.52%... HSBC quarterly survey show confidence levels high with declining trend... The Dubai Mall will open in late August according to Emaar Malls Group... Saudi Arabia's nominal GDP predicted to grow, currently ranks with Switzerland... Research shows Britons buy the most lottery tickets... Property fever brings UAE energy consumption up 15%... DP World shows 32% revenue growth for 2007... Qatar says GCC single currency will be dollar-pegged... Bahrain housing sector faces crunch.
BusinessCast April 10, 2008
DFM shows modest gain, ADSM ends strong week rising 1.52%... Nakheel buys into iconic Miami Beach hotel... IMF report shows Middle East economic growth will probably accelerate to 6.1% this year... Bahrain should rein in spending according to head of state-owned economic board... Family businesses make up 75% of those in the Middle East, Family Business Forum begins May 26... Top Kuwait Investment Authority official says full transparency code for state-backed wealth funds would harm financial market efficiency... Reem Investments reports profit of 289 million dollars for 2007.
BusinessCast April 9, 2008
DFM flat, ADSM up 0.92%... HSBC quarterly survey show confidence levels high with declining trend... The Dubai Mall will open in late August according to Emaar Malls Group... Kuwait will host the 4th World Islamic Economic Forum beginning April 29... Jet Lite plans to launch operations in the Middle East... Photo World Dubai 2008 opens to photography professionals and enthusiasts... Medical tourism industry analyst says the Middle East is in prime position to achieve a global reputation of medical excellence.
BusinessCast April 8, 2008
DFM down 0.84%, ADSM up 0.47%... Saudi Arabia's nominal GDP predicted to grow, currently ranks near Switzerland... Abu Dhabi Investment House announces Style City concept... Saudi Arabia raises bank reserve requirements... Research shows Britons buy the most lottery tickets... Crown Prince of Dubai pays 2.72 million for female camel.
BusinessCast April 7, 2008
DFM loses 0.61%, ADSM down 0.73%... Property fever brings UAE energy consumption up 15%... DP World shows 32% revenue growth for 2007... Kuwait real estate activity for February falls to lowest level in 11 months... Abu Dhabi real estate growth rates predicted to continue through 2030... Lulu enters MoU for fixed prices on more 32 products... World Gold Council and DMCC partner for Shariah complaint shares... Kraft Foods opens in Bahrain... 'Community at Sea' brings 110 multi-millionaires to Abu Dhabi.
BusinessCast April 6, 2008
DFM up 0.92%, ADSM slightly up... Qatar says GCC single currency will be dollar-pegged... Overleveraging in housing market not expected to be a factor in UAE... Bahrain housing sector faces crunch... Sugar refinery planned for Abu Dhabi... Saudi Aramco shuts Jeddah refinery for 20 day maintenance... Abu Dhabi and Dubai will host major travel exhibitions... Amlak Financial PJSC Q1 net profits rise 425% over a year ago... FM radio is booming in the Arab world, split between government and private ownership.
BusinessCast April 5, 2008
Emaar, The Economic City, signs MoU with DP World over KAEC Seaport operation... Abu Dhabi Department of Finance launches Electronic Invoice Approval Workflow service... Careers UAE 2008 to be held in Dubai April 15-17... British company wins gas treatment plant contract in Syria... Dubai School inspections begin for the first time on Sunday... Wealth management summit set for RAK on 7 & 8 April... Books are booming in the UAE despite high tech... Dubai Knowledge Village now houses 460 business partners... Hotel room rates in Dubai rose 10-20% in 2007.
BusinessCast April 4, 2008
India and Pakistan ban on rice exports are expected to lead to UAE price rise... UAE may allow foreigners to own as much as 75% of companies... Fire guts more than 100 shops in Dubai... IMF director says inflation in the Gulf could hit 8% this year... Total investments in projects in Gulf sector passes 2 trillion dollars according to MEED project report... Kuwait expat's now 69% of total population... Property prices continue rise, SAHARA study shows... OPEC crude oil supply rises.
BusinessCast April 3, 2008
India and Pakistan ban on rice exports expected to bring price hikes... UAE reps meet with Chinese in forum to further develop business ties... Qatar economy projected to hit 100 billion dollar mark by 2013... Microsoft hosts Share Point conference in Middle East on April 7 & 8... du in talks with Etisalat and TRA over fixed line services... Investment bank research shows UAE listed companies are improving financial reporting, Abu Dhabi leads Dubai... UAE may allow foreigners to own as much as 75% of companies.
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