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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Wednesday, 17 October 2007

Salaries soar for real estate executives
CITYSCAPE: Wages and benefits are both improving in step with rocketing house prices in the Gulf.


MTV set for Middle East launch
Channel aims to provide voice for young Arabs as it prepares to reach 35mn households in region.


Airline to blame for stranded pilgrims
Alexandria source puts airline's failure to fly 8,000 Egyptian pilgrims home down to being new to the business.


Gulf real estate must face sustainability
CITYSCAPE: Current growth not sustainable unless steps taken to reduce energy use, warns Masdar CEO.






Buy Gulf stocks now, bank says
National Bank of Abu Dhabi urges investors to cash in on property, energy opportunities in regional markets.


Record profit for Qatar Islamic
Lender posts biggest ever profit in third quarter but still misses analyst forecast.


Shuaa gets nod for more foreign ownership
Foreigners can now own up to 49% of the UAE investment bank's stock.




First Qatar unveils $400m of projects
CITYSCAPE: Property firm announces investment opportunities and strategic regional expansion plans.


Rise in raw material costs hits sector
CITYSCAPE: Cost of raw materials one of the major challenges for the region's real estate industry, according to Emaar MD.


More real estate regulation required
CITYSCAPE: Regulatory change would increase the flow of capital in the region's real estate market, an industry expert says.




Saudi malls worth a bet for investors
As demand among shoppers grows, investing in Riyadh malls will remain profitable for some time, says report.


Plans unveiled for World Retail accolades
MH Alshaya Company's chairman set to join the grand jury at next year's World Retail Awards.




Banned toxic chemicals in iPhone
Apple's iPhone contains banned toxic chemicals that could damage health and the environment says Greenpeace


Regional IT spend set to reach $35bn
Amount of money companies spend on technology will increase 12.9% this year, research firm says.




Atlantis, The Palm, ahead of schedule
With 12 months until opening, Kerzner claim the resort will open on time.




GLOBAL MARKETS
Last Updated: 16/10/2007
DOW 13,912.94 0.51%
NASDAQ 2,763.91 0.58%
S&P 500 1,538.53 0.66%
FTSE 100 6,614.30 0.45%
DAX 7,962.64 0.09%
CAC 40 5,774.36 0.57%
NIKKEI 17,137.92 1.27%

IN PICTURES

JOIN THE DEBATE

  1. Is it too late to get rich from the Gulf property boom?
    hozefa Rashid: Should Gulf invest in property? »
    16 Oct '07 at 12:00
  2. Dubai wants private firms to clear traffic jams
    Rodger: Private Firms to clear traffic jams »
    16 Oct '07 at 10:00
  3. UAE banks 'ten years behind time'
    Ramzi Soujah: UAE Banks bad service »
    16 Oct '07 at 09:00
  4. Dubai Taxi goes in for full service
    rachiel: Choosy drivers »
    16 Oct '07 at 09:00
  5. Poor service plagues Gulf real estate firms
    T Crowe Semler: Manners are the courtesies of Kings »
    16 Oct '07 at 07:00
  6. Dubai to lead world in green urban design
    T Crowe Semler: True Vision For The Future...Green Design »
    16 Oct '07 at 07:00
  7. Al Ain to build new mosque
    Kate: New Mosque to be Built in Al Ain Emirate »
    15 Oct '07 at 19:00
  8. Have Your Say
    Sabu Simon: Icing on the cake »
    15 Oct '07 at 18:00
  9. Dubai wants private firms to clear traffic jams
    mohammad ayub: private firms to clear traffic jams »
    15 Oct '07 at 17:00
  10. Planning guide launched
    Nishad,Khalid: planning Manual »
    15 Oct '07 at 17:00
To Advertise in this newsletter please contact:
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