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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Wednesday, 31 October 2007

Saudi King visit sparks UK protests
King met with royal welcome as controversy continues over BAE arms deal and human rights.

Gulf could unite to drop dollar peg
States could switch together to currency basket to buy time for troubled monetary union project.

Kuwait political crisis set to worsen
Emir slams political bickering as parliament reopens to demands for removal of new oil minister.

Emirates may opt to list solely on DIFX
Any IPO likely to take place on Dubai bourse as gov't looks to bolster foreign investment, analyst says.

Silverjet to use Dubai as hub for global expansion
Business class airline eyeing expansion to west coast of US, South Africa and Far East.





Structural integrity
Safety needs to lead the building industry in the Middle East.



Thousands face deportation after strikes
UAE ministry confirms 4,000 Asian labourers to be sent home after the weekend's illegal strikes.

Lack of evidence puts minister in clear
Tribunal says former Kuwaiti oil and finance minister will not face graft charges.



Agthia profit up despite rising costs
Emirates Foodstuff and Mineral Water sees year-to-date net income increase 22% to 7.76mn.

Geant to make Kuwait debut
French hypermarket chain plans to set up five stores in Gulf Arab state, first to open at end of next year.



UAE snubs UK training jets
Britain's BAE systems dropped from $1bn tender, opening door for first export order from Italy or South Korea.



GLOBAL MARKETS
Last Updated: 30/10/2007
DOW 13,792.47 0.56%
NASDAQ 2,816.71 0.03%
S&P 500 1,531.02 0.65%
FTSE 100 6,659.00 0.70%
DAX 7,977.94 0.40%
CAC 40 5,803.93 0.55%
NIKKEI 16,651.01 0.28%

JOIN THE DEBATE

  1. L'Oreal loses copycat perfume fight
    Rabih Farah: After All L'Oreal is L'Oreal »
    30 Oct '07 at 16:00
  2. UAE draws line in sand over worker unrest
    Cherry: inhumane conditions »
    30 Oct '07 at 16:00
  3. Laura Bush meets UAE breast cancer survivors
    Reema: The Bush Family...religious? »
    30 Oct '07 at 16:00
  4. Indian exports ban takes toll on Dubai
    Mufeed Rawashdeh: IMports being denominated in US $ »
    30 Oct '07 at 13:00
  5. Have Your Say
    EVA THOMAS: Dubai should be leading »
    30 Oct '07 at 13:00
  6. Gulf War victims awarded over $450mn
    mumeenchowdhury@yahoo.com: UN Compensation Comm. »
    30 Oct '07 at 12:00
  7. Saudi king claims terror threat ignored
    A H: Saudi king claims terror threat ignored »
    30 Oct '07 at 10:00
  8. Indian exports ban takes toll on Dubai
    Anonymous: $ vs Dhirams »
    30 Oct '07 at 09:00
  9. UAE draws line in sand over worker unrest
    LAZ: Question »
    30 Oct '07 at 08:00
  10. Indian exports ban takes toll on Dubai
    MICHAEL: indian exports »
    30 Oct '07 at 08:00
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