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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Monday, 17 December 2007
41

Qatar insists it will keep dollar peg
Central bank rejects IMF suggestion that severing the peg could be one way to fight inflation.


Clerics issue warning over rising inflation
Islamic scholars urge Saudi leadership to take action as cost of basic goods continues to soar.


No parking fees during Eid
Dubai's Roads & Transport Authority announces free parking throughout duration of Eid Al-Adah holiday.


Home loans for Saudis help boost ownership
Islamic lender receives first applications from Saudi nationals keen to get on property ladder.


Chris de Burgh to perform in Iran
Irish singer to give first performance by major Western pop act since 1979 Islamic revolution.






Family firms can empower women
A report by Ithmar Capital claims that 90% of all commercial activity in the GCC is controlled by family firms. Claire Ferris-Lay reports.




Emal raises $5bn to fund world's largest smelter
Loans will cover cost of building project first phase, a 700,000 tonnes per year aluminium smelter.


Oman curbs lending in inflation battle
Restrictions tightened for second time in five months to prevent lower borrowing costs from fuelling inflation.




Dutt set to 'look like a hero' after jail term
Bollywood star gets back into shape for next movie following his release on bail.




World powers meet to bankroll Palestine
Key donors gather in Paris to raise funds to build a viable Palestinian state.


Pressure mounts on Lebanon to elect president
West presses politicians to end bickering on eve of new presidential vote in parliament.


Turkish warp***s bomb rebel targets in Iraq
Ankara launches second operation this month to flush out Kurdish rebels in north of country.




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. Are you being served? I’m not
    Samer Srouji: You're right, customer service here is bad »
    16 Dec '07 at 13:37
  2. Burj Dubai mall opens its doors
    mahmoud naim: Yipeee! Another place to go shopping in Dubai! »
    16 Dec '07 at 11:42
  3. Should GCC countries grant citizenship to long-serving expat residents?
    Ahmad Robledo: GCC citizenship: There should be a clear policy »
    16 Dec '07 at 10:48
  4. Should GCC countries grant citizenship to long-serving expat residents?
    N. A. Mirza: UAE citizenship: It's not too late »
    16 Dec '07 at 09:58
  5. The phishing phenomenon
    Gloria: The phishing phenomenon »
    16 Dec '07 at 09:47
  6. Should GCC countries grant citizenship to long-serving expat residents?
    Gloria: UAE citizenship: Give them a homeland instead of refugee status »
    16 Dec '07 at 09:20
  7. Qatar plans three free trade zones
    azlan ariffin: Business opportunity from Malaysia and Indonesia. »
    16 Dec '07 at 09:20
  8. UAE flatly rejects citizenship for foreign workers
    mumeenchowdhury@yahoo.com: GCC citizenship: Understand the reality »
    16 Dec '07 at 08:50
  9. Dubai film fest honours top Arab talent
    KarenTintori: Dubai Film Festival Gives Silver to Honour Killing Film »
    16 Dec '07 at 08:39
  10. Islamic car gets ready to roll
    mumeenchowdhury@yahoo.com: Islamic car? »
    16 Dec '07 at 08:39
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