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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Wednesday, 5 December 2007
53

Summit leaves door open for revaluations
GCC Summit: States present united front but silence a clear sign of disagreement, analysts say.


France, UK continue to back Iran sanctions
The two countries urge continued international pressure on Tehran despite US report.


US plays for time on Saudi arms deal
Announcement of plans to Congress delayed until January, giving lawmakers more time to review deal.


Gulf to establish common market
GCC Summit: Secretary-general Al-Attiyah announces formation of common market from January 1.






A global approach to wealth management
Arabian Business on a new class of high net worth individuals and their investment needs.




Qatar pulls OMX plans to focus on LSE
Qatar Holding withdraws interest in Nordic operator, leaving door open for Nasdaq and Borse Dubai.


Nakheel to raise $1bn through sukuk
Dubai-owned real estate developr will use proceeds to finance general corporate activities.


Lebanon shares down 3%
Index retreats from year's high on talk of long-delayed presidential election being postponed again.


Rakisa eyes $400mn IPO
Developer of $8bn Saudi economic city to seek approval for initial public offering by year-end.




Opec undecided on oil hike
Producers consider modest increase in crude exports, despite belief that world supplies are sufficient.


India to import Iran gas despite US pressure
South Asian country undeterred by US opposition to it doing business with Tehran.




Iran calls for world Islamic court
President proposes international court to deal with war criminals and human rights violators.




UAE, EU sign aviation pact
European airlines can fly between UAE and any EU member state under new agreement.




GLOBAL MARKETS
Last Updated: 04/12/2007
DOW 13,248.73 0.49%
NASDAQ 2,619.83 0.66%
S&P 500 1,462.79 0.65%
FTSE 100 6,315.20 1.12%
DAX 7,808.94 0.36%
CAC 40 5,547.21 1.46%
NIKKEI 15,480.19 0.95%

JOIN THE DEBATE

  1. Iran awaits results of charm offensive
    langyaw: there's reason for concern »
    4 Dec '07 at 15:22
  2. GSL implements warehouse management system
    Arun: Clarification about Limited Number of WMS Vendors »
    4 Dec '07 at 15:06
  3. Palm flood - 'Branson wrong'
    Rajesh Parameswaran: Rising Sea Levels »
    4 Dec '07 at 12:17
  4. The Arabian Business Rich List now live - what do you think?
    Christophe: Rich list »
    4 Dec '07 at 09:27
  5. Gulf currencies weaken as Saudi backs peg
    stuart: Dollar Peg or Revaluation »
    4 Dec '07 at 09:08
  6. Ahmadinejad pushes new era of cooperation
    mumeenchowdhury@yahoo.com: Iran and Gulf »
    4 Dec '07 at 08:52
  7. Gulf banks failing to get basics right
    mumeenchowdhury@yahoo.com: Gulf Banks failing »
    4 Dec '07 at 08:37
  8. Visa fees more than double
    pamela: Bahrain raise in visa and monthly fees »
    4 Dec '07 at 08:13
  9. Best of both worlds
    Shaikh Naseer: Great Service »
    4 Dec '07 at 07:57
  10. The Arabian Business Rich List now live - what do you think?
    Houda: What about Moroccans? »
    4 Dec '07 at 04:35
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