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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Sunday, 28 October 2007

Currency decision date agreed
GCC leaders will decide in December whether to delay monetary union among the six states.


Jamrat Bridge set to ease Haj congestion
Second phase of $1.1bn project ready to transport 200,000 pilgrims per hour from Mina stoning ritual.


Dubai vows escrow account crackdown
Dubai Land Department says it will take action against companies failing to meet December deadline.


UAE aid donations reach $70bn
The UAE has contributed 3.5% of GDP in development loans and aid since it formed three decades ago.


Iran close to bomb, opposition claims
National Council of Resistance of Iran says country is closer to developing nuclear weapons than IAEA believes.






Food price rises spell looming disaster
The cause for rising food prices around the world is partly down to a search for alternate fuels.




Hidden gem
Ras Al Khaimah is being transformed into one of the region's brightest tourist and business hotspots.


Sanctions threaten Iran, UN ties
US sanctions could push Tehran to rethink cooperation with UN atomic watchdog, former negotiator says.




The cold war
Company president Lee Knowlton tells Arabian Business why the Gulf is the next big market for ice cream.




Mobily ups market share by 30%
Saudi mobile operator says it has increased market share by one third to 40%.


Batelco plans $16mn broadband expansion
Bahraini telecom aims to offer voice and data services to whole country by August 2008.




UAE signs air pact with Spain
Airlines will permitted unlimited weekly passengers in each direction with any type of aircraft.




GLOBAL MARKETS
Last Updated: 26/10/2007
DOW 13,806.70 0.99%
NASDAQ 2,804.19 1.94%
S&P 500 1,535.28 1.38%
FTSE 100 6,661.30 1.29%
DAX 7,949.17 0.21%
CAC 40 5,794.87 0.60%
NIKKEI 16,505.63 1.36%

IN PICTURES

JOIN THE DEBATE

  1. Flagship accounting qualification to be taught in Gulf
    Buddhadeb Mookerjee: FLAGSHIP FINANCIAL QUALIFICATION IN THE GULF »
    25 Oct '07 at 12:00
  2. Business backs ditching dollar peg
    Stuart Mayhead: Dubai Inflation »
    25 Oct '07 at 11:00
  3. UAE banks 'ten years behind time'
    Mariam: banks in the uae... lack of service and professionalism »
    25 Oct '07 at 11:00
  4. Dubai makes record books with world's biggest ad
    John Lethbridge: 150,000 kW of lighting for World's largest Ad »
    25 Oct '07 at 10:00
  5. Forbes banned in Saudi over wealth report
    m farley: Forbes Ban »
    25 Oct '07 at 09:00
  6. India wades into cap controversy to protect citizens
    Ubaidulla MC: India & Residency cap »
    25 Oct '07 at 08:00
  7. Shisha is 100 times worse than cigarettes
    Jeff: Right... »
    25 Oct '07 at 08:00
  8. India wades into cap controversy to protect citizens
    Daniel Menezes: Good for India ! »
    25 Oct '07 at 08:00
  9. India wades into cap controversy to protect citizens
    Muslim: Great Step First time by GCC Countries »
    25 Oct '07 at 07:00
  10. Motorists to get airborne to avoid Dubai traffic
    Capt. Andreas Engeli: Motorists to get airborne to avoid Dubai traffic »
    25 Oct '07 at 03:00
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