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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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ArabianBusiness.com Daily News Alert
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Wednesday, 29 August 2007

Saudi stocks up on Gulf cash hopes
Banks and insurance top gainers after gov't orders CMA to lift restrictions on Gulf investors.


DP World investigates IPO
Chairman Sultan Ahmed bin Sulayem confirms initial public offering is an option to finance expansion.


Syria to end fuel subsidies
Subsidies will be phased out in attempt to combat smuggling and keep budget deficit stable.


Iraq reveals fixed-line plans
Iraqi government to announce tenders worth $600mn to provide 800,000 fixed-lines to network.




And the winner is...
We all love a bit of recognition for our work, whether it's a trophy or a pat on the back.




Syria opens first Islamic bank
Kuwaiti-owned Cham Islamic Bank launches in Damascus with $100mn starting capital.


Solidarity, Ahad launch Saudi insurance firm
Shariah compliant company will tap growing demand for Islamic insurance solutions in region.




Iran to expand Senegal refinery
Iran's national oil company to take stake in refinery and sell it year's supply of crude.


Iraq exports 3mn barrels crude to Turkey
Oil flowing at 11,000 barrels per hour through northern pipeline since restart last week.




Iraqis abroad to receive healthcare
Iraqis living in Syria, Jordan and Egypt will now receive healthcare on the same basis as the indigenous population.


Boston brings dental expertise to UAE
Boston University is setting up a dental research & educational institute in Dubai Healthcare City.




India invites fighter jets bids
Six defence manufacturers have been invited to bid in one of the world's biggest military aircraft deals.




Dubai firm launches Muslim image bank
World's first online Muslim history image library brings together collections from across the globe.




GLOBAL MARKETS
Last Updated: 28/08/2007
DOW 13,041.85 2.10%
NASDAQ 2,500.64 2.37%
S&P 500 1,432.36 2.35%
FTSE 100 6,102.20 1.90%
DAX 7,430.24 0.74%
CAC 40 5,474.17 2.08%
NIKKEI 16,287.49 0.09%

JOIN THE DEBATE

  1. Saudi bans Al-Hayat newspaper
    nadim hamoud: Saudi bans al Hayat Newspaper »
    28 Aug '07 at 17:00
  2. RTA denies Salik expansion
    fahds: rta toll »
    28 Aug '07 at 16:00
  3. Oman Air continues to soar
    Hombil: Oman Air growth »
    28 Aug '07 at 16:00
  4. RTA denies Salik expansion
    Buddhadeb Mookerjee: EXTENSION OF SALIK AT MORE LOCATIONS »
    28 Aug '07 at 15:00
  5. Port fire damage estimate tops $4mn
    AXEL FOLLEY: No delays in Operations ? »
    28 Aug '07 at 15:00
  6. Last Word
    shiraz merchant: Can India become an superpower »
    28 Aug '07 at 15:00
  7. Oman Air continues to soar
    Buddhadeb Mookerjee: OMAN AIR GROWTH »
    28 Aug '07 at 15:00
  8. RTA denies Salik expansion
    SD: Al Ittihad Road toll gate »
    28 Aug '07 at 14:00
  9. RTA denies Salik expansion
    Hassan: Clarification »
    28 Aug '07 at 13:00
  10. Does Dubai need 100% foreign ownership for companies?
    Yusuf: The March of Brand Dubai »
    28 Aug '07 at 12:00
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