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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Sunday, 23 December 2007
35

Saudi plans world's biggest wealth fund
Fund in excess of $900mn could dwarf even the Abu Dhabi Investment Authority, FT reports.

Iran increases petrol ration
Drivers of private cars will be allowed an extra 20 litres of fuel per month, according to state television.

Dubai to fund $8mn Syrian news centre
State-of-the-art studio to be established for Syrian TV in time for Arab summit in Damascus in March.

Saudi nabs Al Qaeda during Haj
Saudi security forces arrest Al Qaeda militants during Muslim haj pilgrimage.





Doing important networking
It felt like a new route to work had been entirely mapped out when driving over Garhoud Bridge the other morning.



Saudi hand in UBS deal
Saudi Arabian investors bought large UBS stake along with the Singapore government, FT reports.



No cheap oil in '08 - poll
Middle East tensions and tight Opec supplies to provide solid floor above $75 for oil next year, analysts say.

Iran claims $8bn in oil fund
Lawmakers say Oil Stabilisation Fund value should have risen faster given climbing revenues.



Dubai Sports signs five year marathon deal
Channel wins broadcast rights up to 2012 for the world's richest running event.



Lebanon vote postponed for 10th time
Country remains in limbo as 'Syrian-Western arm-wrestling' continues.



India second export market for Dubai
Indian market accounts for 11% of emirate's total exports, according to a DCCI report.



GLOBAL MARKETS
Last Updated: 21/12/2007
DOW 13,450.65 1.55%
NASDAQ 2,691.99 1.94%
S&P 500 1,484.46 1.67%
FTSE 100 6,434.10 1.39%
DAX 8,002.67 1.70%
CAC 40 5,602.77 1.66%
NIKKEI 15,257.00 1.50%

JOIN THE DEBATE

  1. Dutt set to 'look like a hero' after jail term
    RAJENDRA K. ANEJA: SANJAY SUTT'S SENTENCING »
    22 Dec '07 at 10:22
  2. Sharjah music concert breaks UAE attendance record
    Anil: Shrjah Stage Show »
    21 Dec '07 at 22:46
  3. Saudis turned off by Al Qaeda
    T Crowe: Militant Extemists are Statistical Outliers »
    21 Dec '07 at 19:56
  4. Creating a science community
    T Crowe: Remember Ibn Khaldoun the founder of Social Sciences »
    21 Dec '07 at 13:10
  5. What is going to be the main business and economic issue that shapes 2008?
    sav: Business and Economic Issue »
    21 Dec '07 at 10:57
  6. The Arabian Business Rich List now live - what do you think?
    Billionairewatch: Malaysia's billionaires »
    21 Dec '07 at 10:33
  7. Chaos at Bahrain airport as scores bumped off flights
    Lee: Gulf Air Overbooking »
    20 Dec '07 at 17:30
  8. What is going to be the main business and economic issue that shapes 2008?
    Nicola Gregson: main business Issue for 2008 is recruitment & staff »
    20 Dec '07 at 13:19
  9. Should GCC countries grant citizenship to long-serving expat residents?
    Ketan: UAE Citizenship »
    20 Dec '07 at 10:52
  10. GCC residents demand Gulf states grant citizenship
    Abdulla Muhammad Ali Al Yerambally: Bahrain »
    20 Dec '07 at 07:48
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