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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Sunday, 16 December 2007

Kuwait inflation hits 15-year high
Rising prices led by housing, education and health drive inflation to 7.3% in first nine months of year.

Federal bodies under review
Sheikh Mohammed orders overhaul of UAE federal authorities during cabinet review of strategic plans.

Saudi kills 13,500 ostriches as bird flu spreads
New outbreak comes days before Muslims flock to kingdom for Haj pilgrimage.

Dubai film fest honours top Arab talent
Honour killing in Palestine and interfaith love just two themes explored by winners of second Muhr awards.

Julphar plans pan-Arab drug store
UAE firm joins with Kuwaiti funds to launch chain of pharmacies and clinics across Middle East and North Africa.





Real challenges for luxury marketers
Put simply, they have to defend themselves from brand erosion in the wake of the democratisation of luxury.



Dollar tie sinks DP World
Shares in DP World plunge as investors dump stock amid concerns over the dollar's weakness.



Saddam's yacht: yours for $34mn
An 82-metre vessel built for the former Iraqi dictator is awaiting a buyer in the port of Nice.



Gulf inks $10bn India deal
Bahraini Islamic investment bank to tap booming energy and tech markets in Mumbai.

Slowdown imminent, warns OPEC
Oil gives up gains, pressured by rising dollar and economic slowdown warning from OPEC.



Russia to help Iran go nuclear
Moscow and Tehran settle differences and agree 2008 timetable for $1bn nuclear power plant completion.



Burj Dubai mall opens its doors
Phase one of Souk Al-Bahar launches in $20bn development with 50% of retailers to open by year-end.



GLOBAL MARKETS
Last Updated: 14/12/2007
DOW 13,339.85 1.32%
NASDAQ 2,635.74 1.23%
S&P 500 1,467.95 1.37%
FTSE 100 6,397.00 0.52%
DAX 7,948.36 0.25%
CAC 40 5,605.36 0.26%
NIKKEI 15,514.51 0.14%

JOIN THE DEBATE

  1. The Arabian Business Rich List now live - what do you think?
    ibrahim hassan: civilization and knowledge for global competition »
    15 Dec '07 at 05:26
  2. The hidden tax and the currency collapse
    Christopher: I reply to abulkarim, manamah »
    15 Dec '07 at 00:50
  3. UAE flatly rejects citizenship for foreign workers
    Abdulla Muhammad Ali Al Yerambally: Lack of vision »
    14 Dec '07 at 23:36
  4. UAE flatly rejects citizenship for foreign workers
    Abu- Khaled: Permanent Visa »
    14 Dec '07 at 22:03
  5. Should GCC countries grant citizenship to long-serving expat residents?
    A.Muntasir: The GCC should grant citizenship »
    14 Dec '07 at 18:27
  6. Should GCC countries grant citizenship to long-serving expat residents?
    Mohamed: Citizenship »
    14 Dec '07 at 18:20
  7. Should GCC countries grant citizenship to long-serving expat residents?
    abdulrahman alowais: If they will add value, why not? »
    14 Dec '07 at 18:01
  8. Costs to soar as common market sparks migration
    Prof Philbert: Regional Disparities in Real World »
    14 Dec '07 at 16:38
  9. UAE flatly rejects citizenship for foreign workers
    Steve Franks: Expats denied UAE citizenship: »
    14 Dec '07 at 16:30
  10. Gulf-owned fleet expansion continues
    Shahpor Behshti: Persian gulf For ever »
    14 Dec '07 at 15:49
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