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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Wednesday, 12 December 2007
46

Dubai, Doha office rents to soar 20%
Rates to rocket as demand outpaces supply and international businesses expand in the Gulf.

New Garhoud Bridge ready to debut
Four ***s of the new bridge will open Saturday to traffic on Bur Dubai to Deira side.

Stars raise $3mn at Dubai auction
Sharon Stone fronts all-star cast to raise Aids awareness at film festival gala bash.

Iran nuke programme very much alive, says dissident
Opposition figure says weaponisation 'alive and active'.

CNN confirms Abu Dhabi launch
News broadcaster to increase UAE presence with full broadcast and production facilities in capital.





UAE central bank governor denies he is to quit
Al-Suwaidi says report is 'totally incorrect, baseless and without any merit'.

Lebanon shares drop on presidential crisis
Stock index falls 4.2% as investors fret over protracted political wrangling.

Barwa planning $800mn sukuk
Qatar real estate developer will use proceeds to fund international expansion, CFO says.

Istithmar eyes venture capital, dept investing
Private equity firm to buy up debt on expectation credit crisis almost over, CEO says.



Emaar in joint venture with UK utilities provider
Dubai developer sets up Emaar Utilities to provide support on domestic projects.



Defamation ruling due by year-end
UAE appeals court to decide on December 30 on case involving owner of majan.net, defendant says.



Lebanon presidential vote delayed for eighth time
Session of parliament postponed amid tug-of-war between politicians.



New masterplan for Dubai Pearl
Consortium of investors announces $3bn project to create the region's first walkable city centre.

Damac in $5.4bn Cairo project
UAE firm to build residential and commercial development to tap demand for housing in Egypt.



Etisalat buys into Indonesian telecoms sector
UAE operator purchases 16% of Excelcomindo for $438mn from Rajawali Group.



Saudia signs for fleet of A320s
Saudi Arabian Airlines to buy 22 of the short-haul passenger aircraft with option for eight more in $1.7bn deal.

Three compete for $500mn tram project
Consortiums vying for contract to build Dubai's Al Sofouh tram network, source close to deal says.



GLOBAL MARKETS
Last Updated: 11/12/2007
DOW 13,432.77 2.14%
NASDAQ 2,652.35 2.45%
S&P 500 1,477.65 2.53%
FTSE 100 6,536.90 0.43%
DAX 8,009.42 0.30%
CAC 40 5,724.76 0.45%
NIKKEI 16,044.72 0.76%

JOIN THE DEBATE

  1. Over half of workers expect 15-70% pay boost
    Norman Wilcox: Rich List: Time to share the wealth »
    11 Dec '07 at 10:23
  2. Private sector failing to attract Arab women
    Gloria: No attraction for women to work in the private sector »
    11 Dec '07 at 10:19
  3. Private sector failing to attract Arab women
    RAJENDRA ANEJA: Women in business: Holidays are a good reason to remain public »
    11 Dec '07 at 09:31
  4. Are the Gulf's building standards up to scratch? Have your say.
    jamal: Are the Gulf's building standards up to scratch? »
    11 Dec '07 at 09:12
  5. The Arabian Business Rich List now live - what do you think?
    NARESH MATHUR: Rich List: Has Habtoor gone missing? »
    11 Dec '07 at 06:42
  6. UAE and Australian water firms join to fight waste
    mwasfat: Water shortage is the critical issue for 2008 and onwards »
    11 Dec '07 at 00:50
  7. GSL implements warehouse management system
    Steve Cross: WMS Vendors in Dubai »
    10 Dec '07 at 23:48
  8. Over half of workers expect 15-70% pay boost
    rachiel: Let's hope it happens »
    10 Dec '07 at 23:31
  9. Defensive driving
    Saad Ansari: Defensive Driving Instructors »
    10 Dec '07 at 19:38
  10. The rise and rise of the logistics industry
    Prof Philbert: Ebb and flow of Logistics in a Dynamic Business Environment »
    10 Dec '07 at 19:34
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