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BusinessCast April 2, 2008
ADSM has strong gain, up 1.73%... DFM up 0.24... Fire guts more than 100 shops in Dubai... Saudi Arabia cuts tariffs on some products from 20 to 5%... National Bank of Kuwait announces merger... Oman to issue second fixed telephone license... Live music battle could bring top international acts to UAE... IMF director says inflation in the Gulf could hit 8% this year... Emaar signs MoU in first high level Sino-UAE partnership... Abu Dhabi and Dubai join in bid for International Congress and Convention Association 2011.
BusinessCast April 1, 2008
DFM rises 1.53%, ADSM up 1.27%... Total investment in Gulf sector projects passes 2 trillion dollars according to MEED project report... Hotel market bubble could burst by 2010 according to hotel marketing group... Kuwait expat's now 69% of total population... Abu Dhabi inflation jumped to 10.7% in 2007, rent led the increases with a 58% gain... Bahrain mutual funds pass 15 billion... Textile and clothing manufacturers convene in Dubai through Wednesday... M&C Saatchi sets up Middle East shop in Bahrain.
BusinessCast March 31, 2008
DFM recovers from Sunday's slump, gaining 1.96% - ADSM loses 1 percent... Kuwait summer electricity cut is possible... Earth Hour participation in Dubai, among the highest consumers of electricity and water... Property prices continue rise, SAHARA study shows developer fears rise... Traditional media has opportunity in online growth... 2007 advertising spend report shows increase, top advertisers include real estate, telecom, jewellry and food... Hard Rock Café in Dubai may be demolished for high rise.
BusinessCast March 30, 2008
Dubai and Abu Dhabi markets decline... OPEC crude oil supply rises... MEED projects index shows 40% rise in value over 12 months... Real estate firms shift to more online advertising... Abu Dhabi property prices expected to surge 25%... A third Crown Plaza is planned for Business Bay... Interiors UAE opens in Abu Dhabi... Global Investment House AGM approves 50% cash dividend and 10% stock dividend for 2007... International Monetary Fund backs plans to redistribute voting power, Egypt and Saudi Arabia are likely to lose shares.
BusinessCast March 29, 2008
Dubai joins Earth Hour power-down at 8 tonight... Tasi down 0.7% for the week, wait-and-see approach taken by investors... Oil rises above 107 with explosion of Iraqi pipeline... Etisalat/Mobily partners with Aeromobile... Fortune Group's "Corporate Mall" is 75% sold out... Egypt bans cement exports through October 1... Saudi Aramco report says lifting the ban on women drivers would help the economy... Emaar, The Economic City, launches sale of Bay Le Sun Village... DAE Flight Academy begins first officer training.
BusinessCast March 28, 2008
Emirates is the first airline in the world to commercially launch in-flight mobile phone service... UAE Central Bank says there is no committee to review the dirham's peg to the U.S. dollar... OPEC President says oil will remain between 80 and 110 this year... Shortage of commercial pilots nears crisis level... Saudi inflation hit 8.7% in February... UAE sets up Nuclear Energy Authority... IMF warns of GCC inflation rate... Dubai to dim during Earth Hour, 8pm Saturday... UAE stocks end week down, DFM loses 1.02%, ADSM drops 0.24%.
BusinessCast March 27, 2008
DFM loses 1.02%, ADSM down 0.24%... Fireworks warehouse fire estimated to have caused more than 600 million dirhams in damage losses, final totals won't be known until loss adjusters investigate... Jordan's GDP growth higher than expected... Qatar's nominal GDP up 12%... Gulf states trade surplus predicted to be 3 trillion dollars by 2020... Telecom deregulation in Bahrain creating competition and jobs... Strategy execution discussed at Balanced Scorecard Forum... Pfizer sets up Middle East HQ in Dubai... Saudi Arabia looks to triple tourism revenues.
BusinessCast March 26, 2008
DFM slightly down, ADSM rebounds up 1.54%... Gulf Banks expected to perform strongly according to Standard and Poor's report... Saudi hotel market growing quickly... Qatar Investment Authority and Abu Dhabi owned International Petroleum Investment Company look to invest in global acquisitions... In-flight mobile phone survey shows greater than 40% interest... Dubai Aerospace Enterprise completes sale of Landmark Aviation business... Banking expert makes case for quick shift to electronic transactions... Dubai may import less gold this year.
BusinessCast March 25, 2008
DFM rises 1.27%, ADSM positive 0.37% led by telecoms... IMF warns of GCC inflation rate... 6th Dubai City of Gold Conference set for April 12-13... Oman Air to invest in IT improvements after 22% growth... Dubai to dim during Earth Hour, 8pm Saturday... Superbrands awards brand of the year title... Some schools on government land will have rents frozen in exchange for not raising tuition... Dubai Racing Club announces World Cup sellout.
BusinessCast March 24, 2008
DFM, ADSM close lower... MoU signed between DFM and Bahrain Stock Exchange... Gold shows volatility, considered as diversifier... Saudi inflation hit 8.7% in February... UAE sets up Nuclear Energy Authority... First comprehensive guide to Islamic finance published by DIFC... Riding the Gold and silver bull market, Part 2... Saudi Arabia says it will work with OPEC for oil market stability.
BusinessCast March 23, 2008
DFM, ADSM both lower... OPEC President says oil will remain between 80 and 110 this year... Qatar lowers deposit facility rate... Freedom of travel to be discussed at Global Travel and Tourism Summit... Shortage of commercial pilots nears crisis level... Saudi price rise brings call for government intervention... Dubai cement imports rise more than 73%.
BusinessCast March 22, 2008
Emirates is the first airline in the world to commercially launch in-flight mobile phone service... Oil prices continue slide... UAE Central Bank says there is no committee to review the dirham's peg to the U.S. dollar... Horses star at Dubai International Horse Fair 2008... GCC dependence on food imports at 10 billion dollars... Saudi women purchase 15% of automobiles, despite driving ban... Dubai Internet City shows 33% growth... Press freedom report places Qatar and Kuwait in top 3.
BusinessCast March 21, 2008
Central Bank of Bahrain issues new banknotes... Qatar, Kuwait and Oman seeking to cut greenhouse gas emissions... Kuwait government bans mobile phones, while driving, effective in May... Saudi bank loans rise due to easier availability of credit... MEED announces 2nd Middle East Road Infrastructure conference for end of March... Qatar introduces universal health care rules... Bahrain is fastest growing world financial centre according to London report... Dubai International Horse Fair set for this month, interest in Arabian equestrian potential rises... UAE Central bank cuts overnight repurchase rate... HSBC Chief Economist says Gulf states are likely to retain dollar peg... Emaar shareholders vote for 20% cash dividend.
BusinessCast March 20, 2008
Emaar shareholders vote for 20% cash dividend... AME Info digital marketing conference to include experts from Nakheel, Nokia, Jumeirah and HSBC... Kuwaiti stocks rise 1.45%... Australian company selling Middle Eastern oil fields... Hotel for women only, opens in Riyadh... UK, US markets suffer losses... Aviation industry wasting 18% of fuel.
BusinessCast March 19, 2008
Dubai stocks lower, Abu Dhabi sharply higher... UAE Central bank cuts overnight repurchase rate... Oman development company plans healthcare city near Muscat... HSBC Chief Economist says Gulf states are likely to retain dollar peg... Dubai's 'The Waterfront' is the world's biggest coastal development... Global LNG trading rose 8% in 2007... France's largest bank to buy a portion of Saudi asset management unit... DFM Shariah board issues Islamic standards... Bloomingdale's may locate in Dubai Mall, currently under construction.
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