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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Tuesday, 8 January 2008
19

US fighters crash in Gulf
Crews rescued as two F/A-18s crash during operations, cause under investigation.

Saudi king demands inflation policy
Economic growth must go hand in hand with protection of living standards, ruler tells authorities.

New body to fight fake drugs
UAE establishes a national centre for the control and monitoring of counterfeit medicines.

Illiteracy plagues Arab world
One in three, and nearly half of all women in the region are unable to read or write, report says.





The power of celebrity
Nowhere on the p***t is economic boom as evident as in the Gulf. But does the local media know how to take advantage of it? asks Piers Morgan.



Saudi Zain mulls IPO increase
Operator could sell more than originally planned 40% stake in offering as early as next month.



'Desert Louvre' sealed for delivery
French and Emirati officials sign $525mn deal to bring iconic museum brand to the Gulf.



Iran plays down US ships encounter
Country dismisses Pentagon claims that Strait of Hormuz incident was "reckless and potentially hostile".



Nokia Siemens bags $935mn Saudi deal
JV beats Ericsson and China's Huawei for contract to build second and third generation wireless networks.



GLOBAL MARKETS
Last Updated: 07/01/2008
DOW 12,827.49 0.21%
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S&P 500 1,416.18 0.32%
FTSE 100 6,335.70 0.20%
DAX 7,817.17 0.11%
CAC 40 5,452.83 0.11%
NIKKEI 14,500.55 1.30%

JOIN THE DEBATE

  1. The GCC property market it is said will peak this year - so will you rent or buy in 2008?
    Alan: Less nationals means increased political instability »
    7 Jan '08 at 10:08
  2. French city Lyon to be rebuilt in Dubai
    Hussian Motabagani: Lyon to be rebuilt in Dubai: The silliest thing I've ever heard »
    7 Jan '08 at 09:47
  3. UAE flatly rejects citizenship for foreign workers
    Dr Gizzmo: UAE Citizenship »
    7 Jan '08 at 08:35
  4. UK police examine Bhutto murder scene
    Trish: Comment »
    7 Jan '08 at 07:12
  5. Trump Jr slams viability of Dubai developments
    Tarek: Trump Buildings in New York are Inferior »
    7 Jan '08 at 01:16
  6. Caps off to rent watchdog in inflation battle
    rachiel: Business as usual.. unless someone monitors it! »
    6 Jan '08 at 20:13
  7. Abu Dhabi to pump $200bn into city's development
    T Crowe: Vested Interest equals Community Pride »
    6 Jan '08 at 19:42
  8. Making of a martyr
    Rajendra Aneja: BRILLIANT ARTICLE: CONGRATULATIONS »
    6 Jan '08 at 19:41
  9. Trump Jr slams viability of Dubai developments
    Sanjay Batheja: Trump Jr slams viability of Dubai developments »
    6 Jan '08 at 19:30
  10. Trump Jr slams viability of Dubai developments
    T Crowe Semler: It's Not Always about Numbers... »
    6 Jan '08 at 17:27
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