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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Thursday, 18 October 2007

Dubai Properties takes wraps off $11bn project
CITYSCAPE: The 678-hectare Mudon development to be built in Dubailand.


Emaar profit drops for first time in three years
Expansion abroad drives up costs for Dubai property giant as income falls 2.8% in Q3.


American Muslims to march on Saudi Embassy
Coalition calls for demonstration to protest the destruction of holy shrines in Iraq and Syria.


Iran plans $130bn gas investments
National Iranian Gas Company outlines 20 year plan to help country meet rising demand.


Saudi ups consumer protection efforts
New department given go-ahead as part of national efforts to monitor consumer prices.






EU urged to take common stand on sovereign funds
European nations should take same approach to state investment funds, EU chief says.


Abraaj plans $1bn IPO
Dubai-based private equity firm wants to fund acquisition of Middle East finance company.


RAK Properties planning $2bn sukuk
Ras Al Khaimah-based developer to sell bonds early next year to finance new projects, CEO says.


ADCB stems profit slide
Abu Dhabi Commercial posts first profit growth in three quarters as impact of stock market crash fades.




Emirates Aluminium seeks $5bn for smelter
State-owned firm hits banks to fund the world's largest aluminium smelter.




Real estate demand to continue, firm claims
CITYSCAPE: Dubai developer MAG shrugs off concern supply will soon surpass demand.


Plus Properties launches waterfront projects
CITYSCAPE: Newly-formed Dubai developer showcases three towers to be built in the Emirates.




Kempinski nets five new ME properties
Hotel group signs management agreements for properties in Egypt, Morocco and Syria.


Banyan Tree bags Meydan hotel deal
Golf and equestrian resort at horseracing city will be first of its kind in Middle East.




GLOBAL MARKETS
Last Updated: 17/10/2007
DOW 13,892.54 0.15%
NASDAQ 2,792.67 1.04%
S&P 500 1,541.24 0.18%
FTSE 100 6,677.70 0.96%
DAX 7,985.41 0.29%
CAC 40 5,818.80 0.77%
NIKKEI 16,955.31 1.07%

JOIN THE DEBATE

  1. Poor service plagues Gulf real estate firms
    Paul Bol Raap: Customer "service" should rather be called "order taking" »
    17 Oct '07 at 13:00
  2. Is it too late to get rich from the Gulf property boom?
    Ingrid: Is it too late to get rich in the Gulf. »
    17 Oct '07 at 11:00
  3. Dubai Taxi goes in for full service
    SF: Suggestions for Solutions »
    17 Oct '07 at 10:00
  4. The business of presence
    Mita: Video conferencing »
    17 Oct '07 at 09:13
  5. Arabic-friendly iPhone primed for launch
    Essa Alrashidi: Noway to arabize iphone »
    17 Oct '07 at 07:02
  6. Revealed: Gulf's most admired companies
    Jack Spratt: Hilarious ! ! hast to be the moon »
    16 Oct '07 at 20:00
  7. Poor service plagues Gulf real estate firms
    Hafiz: Customer service »
    16 Oct '07 at 19:00
  8. 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
  9. Dubai wants private firms to clear traffic jams
    Rodger: Private Firms to clear traffic jams »
    16 Oct '07 at 10:00
  10. UAE banks 'ten years behind time'
    Ramzi Soujah: UAE Banks bad service »
    16 Oct '07 at 09:00
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