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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Sunday, 6 January 2008
21

Oil price hikes set to continue
Prices will keep rising throughout first quarter of 2008 before stabilising, predicts Opec president.

UAE to appoint female judges
Change in law will allow women to work as federal judges and prosecutors, minister says.

Dubai to introduce property index
The emirate plans to usher in tighter controls on rent ranges to combat cost of living increases.

Lebanon on bird flu alert
Ministry of Agriculture calls on farmers to remain vigilant after deadly H5N1 detected in Israel.

Property boom forecast for Kuwait
Reduced taxes and common market will contribute to higher levels of real estate development, report says.





Caps off to rent watchdog
Dubai is slowly recognizing the problem and doing its best to offer solutions.



Saudi Japanese venture opens IPO frenzy
PetroRabigh launches $1.2bn IPO to kick start record year of offerings in Kingdom.

Bank Muscat plans Saudi expansion
Oman's biggest bank to open two more branches in Kingdom as part of broader Gulf ambitions.

Labour Ministry attacks cash-in-hand culture
UAE Labour Ministry promises tough action against companies that continue to pay workers in cash.



Opec nears production limit
Many OPEC states now producing at full capacity with no room to boost output, official says.



Abbas meets Saudi king ahead of Bush tour
Leaders discuss latest on peace process as region prepares for US President's visit.

Car owners face 50% insurance hike
Qatar's insurers say third party premiums must rise to offset losses caused by worsening road safety.

Food to rise 30% in Saudi
Costs may jump by up to 30% in the kingdom on weak supplies and dollar concerns, report says.



GLOBAL MARKETS
Last Updated: 04/01/2008
DOW 12,800.18 1.96%
NASDAQ 2,504.65 3.77%
S&P 500 1,411.63 2.46%
FTSE 100 6,348.50 2.02%
DAX 7,808.69 1.26%
CAC 40 5,446.79 1.79%
NIKKEI 14,691.41 4.03%

JOIN THE DEBATE

  1. Travellers call for phones on flights
    Valerie Houghton: Mobile phones on flights being used already »
    3 Jan '08 at 16:44
  2. The GCC property market it is said will peak this year - so will you rent or buy in 2008?
    Hombil: Will you buy or rent property in GCC during 2008? »
    3 Jan '08 at 16:38
  3. GCC businesses face recruitment crisis
    RAJENDRA ANEJA: TALENT SHORTAGE, WHOSE FAULT? »
    3 Jan '08 at 14:27
  4. GCC residents demand Gulf states grant citizenship
    MASHOOR: CITIZENSHIP IN THE GCC COUNTRIES - 2ND CLASS CITIZENSHIP ONLY FOR THE ASIANS »
    3 Jan '08 at 11:46
  5. UAE flatly rejects citizenship for foreign workers
    eternal: All about economics :) »
    3 Jan '08 at 11:42
  6. Pakistan poll delayed until February 18
    RAJENDRA ANEJA: WAS THERE AN AMBULANCE? »
    3 Jan '08 at 11:32
  7. The rent nightmare
    Louie Tedesco: The Expat-Created Rental Market »
    3 Jan '08 at 11:29
  8. Travellers call for phones on flights
    Silent Minority: You really think you're THAT important »
    3 Jan '08 at 09:51
  9. GCC businesses face recruitment crisis
    Rodger: Recruitment »
    3 Jan '08 at 09:02
  10. Saudi police arrest blogger
    T Crowe Semler: Saudi Patriot's Ishtihad »
    3 Jan '08 at 07:18
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