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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Thursday, 21 February 2008

Marine warning issued, as high winds hit coast
Sandstorms to be triggered by strong winds gusting up to 40 knots.


Holy cities rail link gets green light
Long-awaited network to join Mecca and Medina with Jeddah at speeds of up to 300km per hour.


Iran still building warheads, say dissidents
Regime is 'undoubtedly developing a nuclear bomb,' claims exiled opposition group.


$100 oil could lose shock value
No single reason for latest rally, but price rise is built on an underlying trend, say analysts.


Gulf Islamic banks assets to hit $300bn
22 Islamic banks set to grow stronger over decade, says Morgan Stanley.






ADCB slashes rates
Abu Dhabi Commercial Bank reduces lending rates as inflation threatens to reach 19 year high.




IAE urges Opec to maintain production
The International Energy Agency calls for oil cartel to at least keep output the same as price hovers around $100.




Iraqi professionals forced into menial jobs
Teachers, artists and military officers living hand to mouth relying on small jobs to survive.




Al Jazeera wins Uefa Cup broadcast rights
Doha channel secures exclusive rights for Middle East and North Africa for four years.




Chelsea manager receives death threats
Anti-Semitic abuse sent in package containing suspect powder, British police report.


Shocks in a Gulf sandstorm
Top seed Ana Ivanovic may not survive to play 2nd match in Qatar Open after injuring ankle.




GLOBAL MARKETS
Last Updated: 20/02/2008
DOW 12,427.26 0.73%
NASDAQ 2,327.10 0.91%
S&P 500 1,360.03 0.83%
FTSE 100 5,893.60 1.23%
DAX 6,899.68 1.47%
CAC 40 4,812.81 1.49%
NIKKEI 13,310.37 3.25%

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