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| Sharjah defers taxi fare increase |
| Source : Zawya |
| Date : 2010-09-03 |
| Sharjah Transport Authorities in Sharjah have confirmed that tariff rates for taxis will not be increased until October 1, allowing commuters to find an alternative means of transportation.... |
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| Iraq exported 320,000 barrels of oil to Jordan in August |
| Source : Zawya |
| Date : 2010-09-03 |
| Iraq exported around 320 thousand barrels of oil to Jordan during August 2010, according to an agreement in this regard between the two countries.... |
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| Giving tender touch to stalled projects |
| Source : Zawya |
| Date : 2010-09-03 |
| Silver Heights finds a different approach for its next phase of evolution
Dubai It was circumstance rather than anything else that prompted Silver Heights Real Estate to take a different approach... |
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| Dubai group to buy UK restaurant chain |
| Source : Gulf Daily News |
| Date : 2010-09-03 |
| Upmarket British cafe and restaurant chain Carluccio's agreed to a £90 million ($139m) takeover by Dubai-based retail, hospitality and mall manager Landmark Group, sending its shares soaring.... |
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| UAE's gold sales down 15 percent in Ramadan |
| Source : Saudi Gazette |
| Date : 2010-09-03 |
| Retail gold demand volumes in Dubai and Abu Dhabi dipped by around 15 percent in August on the year, as the holy month of Ramadan led consumers to focus more... |
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| GCC banks’ profits plummet 5pc in Q2 |
| Source : Saudi Gazette |
| Date : 2010-09-03 |
| The aggregate profits of the GCC sector posted a decline of 5 percent year on year (YoY) and 10 percent quarter on quarter (QoQ) in 2Q10, Kuwait-based Global Investment House... |
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| RO 33m Barka desalination plant to boost water supply |
| Source : Oman Daily Observer |
| Date : 2010-09-03 |
| The work on second phase of Barka desalination plant estimated at RO 33 million has been completed recently by the Public Authority for Electricity and Water.... |
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| Saudi Arabia to fund construction of power station in Syria |
| Source : Kuwait News Agency |
| Date : 2010-09-03 |
| Saudi Arabia will finance construction of a power station in the eastern province of Deir El-Zor at a projected cost of euro 700 million, Syrian Prime Minister Mohammad Al-Otri said... |
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| Yemen lawmakers draft bourse authority to attract investment |
| Source : Saudi Gazette |
| Date : 2010-09-03 |
| Lawmakers drafted a bill to start a securities exchange authority in Yemen, hoping to speed up the opening of a bourse and encourage investment despite its sinking economy and severe... |
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| Bank credit drops by KD 18 mln in July - NBK report |
| Source : Kuwait News Agency |
| Date : 2010-09-03 |
| The total bank credit in Kuwait declined by KD 18 million in July following the sizeable slide of KD 253 million in the previous month, said a report on Thursday.... |
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| Aramco, Rowan ink contracts for two US Gulf rigs |
| Source : Saudi Gazette |
| Date : 2010-09-03 |
| Rowan Cos Inc signed contracts with Saudi Aramco for two of its Gulf of Mexico-based rigs for higher dayrates, on track with its plans to move those rigs overseas, sending... |
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| Qatar shares rise to three-month high |
| Source : Gulf Today |
| Date : 2010-09-03 |
| Qatar’s benchmark stock index rose to the highest in more than three months, leading gains in the Gulf, as faster-than-estimated growth in US manufacturing supported confidence in global economic growth.... |
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| Goldman assigns stable ratings to UAE banks |
| Source : Gulf Today |
| Date : 2010-09-03 |
| Goldman Sachs raised its ratings on Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank (DIB), saying UAE banks are adequately capitalised to generate sufficient operating income to absorb elevated... |
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| Dubai shares up most in a week on global growth |
| Source : Khaleej Times |
| Date : 2010-09-03 |
| Dubai shares rose the most in a week and Qatar’s benchmark index climbed for a sixth day as faster- than-estimated growth in US manufacturing bolstered confidence in global
economic growth.... |
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| Millennium Private Equity eyes Europe JVs with sukuk |
| Source : Khaleej Times |
| Date : 2010-09-03 |
| Millennium Private Equity Ltd, a Dubai government-linked investment company with about $5 billion in capital, plans to use Islamic financing for venture capital in Europe after buying the first corporate... |
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| 2011 Infiniti QX SUV launched |
| Source : Khaleej Times |
| Date : 2010-09-03 |
| Arabian Automobiles on Wednesday evening launched the all-new 2011 Infiniti QX SUV and confirmed that a new showroom dedicated to the Infiniti brand is now under construction in Dubai.... |
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| UAE auto industry to post single-digit growth in 2010 |
| Source : Khaleej Times |
| Date : 2010-09-03 |
| The UAE auto industry, which recorded an eight per cent growth in the first half, is expected to maintain a single digit growth by the end of 2010, an industry... |
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| Goldman Sachs raises ratings on ADCB, DIB |
| Source : Khaleej Times |
| Date : 2010-09-03 |
| Goldman Sachs has raised its ratings for Abu Dhabi Commercial Bank (ADCB), and Dubai Islamic Bank (DIB), saying the UAE banks are adequately capitalised to generate sufficient operating income to... |
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| Saudi Arabia backs aviation treaties to fight terrorism |
| Source : Saudi Gazette |
| Date : 2010-09-02 |
| Saudi Arabia has expressed its continued support for all treaties and conventions to fight terrorism and threats to international aviation.... |
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| Qatar's community builder |
| Source : Financial Times-U.K. |
| Date : 2010-09-02 |
| Education and research are priorities for all Gulf governments as they strive to transform their hydrocarbon-dependent economies. Qatar is perhaps the most ambitious.... |
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