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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Thursday, 1 November 2007

UAE denies mass deportations
Dubai police chief says strikers not involved in vandalism will be guaranteed right to return to work.


Expat labour to rise 30%
UAE expatriate labour force increasing at unprecedented rate says Labour Ministry official.


NDTV to push boundaries with Arab channel
Chairman Prannoy Roy says Indian network will remain true to itself, respect local culture.


Kuwait leads Gulf for competitiveness
World Economic Forum ranks four Gulf states in top half of its Global Competitiveness Report.


Jumeirah Group dominates Hotelier awards
Hotel giant's properties pick up four honours, including Unsung Hero of the Year.






Wall Street flocks to Gulf in new gold rush
US banks are making a beeline for the Middle East in pursuit of new high-growth markets.


Abu Dhabi bourse eyes new code of conduct
Corporate governance and transparency rules to be enforced as emirate seeks to attract investors.


Profit up 34% for Dubai Investments
Third quarter income jumps 55% on higher building material and property unit sales.




Oil hits record $94
Rally triggered by unexpected US inventories slump as crude stockpiles fall by 3.9mn barrels.




Monetary union on course claims GCC chief
GCC secretary general says 2010 target for creation of single currency will be met.




GLOBAL MARKETS
Last Updated: 31/10/2007
DOW 13,930.01 1.00%
NASDAQ 2,859.12 1.51%
S&P 500 1,549.38 1.20%
FTSE 100 6,721.60 0.94%
DAX 8,019.22 0.52%
CAC 40 5,847.95 0.76%
NIKKEI 16,737.63 0.52%

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