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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Sunday, 3 February 2008

Internet crisis deepens
Third undersea cable break between UAE and Oman adds to web woes after two breaks just days earlier.


Qatar eyes world's biggest solar complex
State considers alternative energy as demand for power rockets across region.


Iran calls on Opec to cut output
Cartel may need to curb supplies to defend prices against drop in demand, minister says.


RTA awards Dubai roads contracts
Todini and Al Nabooda win construction deals for phase three of congestion-easing project.


Quake hits Deba Al-Fujairah
Centre for Meteorology and Seismology reports tremor measuring 3.4 on Richter Scale.






Opec refuses to raise output
Members agree to keep oil supplies unchanged, reject calls to pump more oil amid fears of US recession.


Iran discovers new gas field
Indian company finds new reserves of 311bn cubic metres in Persian Gulf, announces oil minister.




Sheikh Hamdan named crown prince of Dubai
Sheikh Mohammed also appoints brother and other son Sheikh Maktoum deputy rulers.


Winter whiteout fails to bring UAE to its knees
But strong winds uproot trees, damage signage and make for difficult driving conditions.


Workers die in Saudi road crash
Sixteen migrant workers killed in collision on desert highway in Eastern Province.




Tecom slapped with $1bn lawsuit
US real estate firm alleges Dubai-owned operator unjustly cancelled its contract and illegally sold it land.


Qataris buy jewel of Chelsea for $2bn
Former military camp Chelsea Barracks to be demolished and replaced with luxury housing.




Els leads over Woods in Desert Classic
South African surges to top of the leaderboard after three rounds of the Dubai tournament.


Wales overcomes England in Six Nations Triumph
Hosts panicked into succession of errors as Wales wins at Twickenham for first time in 20 years.




Microsoft goes to war - $44bn hostile bid for Yahoo
Microsoft launches bid for Yahoo in battle for internet dominance with Google.


Danger of more web disruption - Du
UAE operator fears damage to undersea cable off Dubai could further disrupt internet services.


Egypt net nightmare to last 10 more days
Egyptian internet disruption caused by damage to undersea cables will last another 10 days, ministry says.




Dubai tops bankers' wish list
Mortgage meltdown will not prevent bankers splashing bonuses on their No. 1 destination, survey finds.




GLOBAL MARKETS
Last Updated: 01/02/2008
DOW 12,743.19 0.73%
NASDAQ 2,413.36 0.98%
S&P 500 1,395.42 1.22%
FTSE 100 6,029.20 2.54%
DAX 6,968.67 1.71%
CAC 40 4,978.06 2.22%
NIKKEI 13,497.16 0.70%

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