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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Monday, 24 December 2007
34

July revaluation likely for UAE
Dollar-pegged dirham is 60% likely to be revalued in the first half of next year, report says.


Bahrain arrests 40 after protests
Shi'ite activists held after violent week-long demonstrations, prompting new protests to demand their release.


Iraqi Airways plans $100mn stake sale
Gov't to sell stakes of 60% to 65% in ground handling, catering and maintenance units to private investors.


Kuwait salary hikes to start at 10%
Kuwaitis working in state ministries will receive increases to basic salaries reaching 50% over time.


New Camel deaths raise alarm
More than 30 animals have died in Saudi Arabia's southern Najran province in the past two weeks.






Saudi Arabia: serious untapped potential
The Kingdom of Saudi Arabia is often overlooked by both regional and international travel marketers. Here's why you should give it another look.




'Lenient' UAE rape sentence slammed
Dubai public prosecutor's office files appeal against 15-year terms for attack on teenager.


Iran deluged by Afghan drugs
Tehran needs more funds to combat trafficking across eastern borders from neighbouring Afghanistan.


Saudi rejects 'politicisation' of rights
Gov't body says it exists to protects human rights in line with international standards.




Indian retailers battle soaring rents
Square foot prices triple in three years, with space shortages adding to retailers woes.




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%

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