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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Monday, 25 February 2008

45 labourers jailed over violent protest
Dubai sends out warning to workers about demonstrating over pay and conditions.


Gulf wealth funds eye iconic Edinburgh street
UAE, Qatar and Kuwait in talks to buy Princes Street for $2.66bn, newspaper reports.


Saudi inflation unlikely to fall in 2008
Inflationary pressure due to housing shortages and gov't spending, official says.


$60bn Qatar fund to shun US banks
But European lenders likely to see $15bn of investments over next two years, says prime minister.


$170mn luxury resort earmarked for Greece
Island on Nakheel's The World archipelago to be launched under 'V...' boutique hotel brand.






Qatar eyeing investment in British bank
Qatar Investment Authority considering stake in Royal Bank of Scotland, report says.


Cut to Saudi benchmark lending rate doubtful
Central bank will not cut repurchase rate in response to further cuts by US, official says.




March supply change unlikely
Opec will decide not to change production at its March meeting, says delegate.




Jordan media to launch campaign against Danish press
Over 18 media outlets will run articles against 'attempts to distort Islam's image'.


Saudi ministry plans image overhaul
Ministry of Justice vows to set the record straight with appointment of its first press spokesman.




UAE economy in 'good shape', may grow 6.6%
Central bank governor says strong demand for oil and gas will support growth this year.


US cautions Turkey as rebels call for urban warfare
Washington urges Ankara to take political and economic measures.


40 dead, 60 wounded in attack on holy festival
Wave of attacks rock Baghdad, targeting pilgrims on way to holy festival of Arbain.


Mubarak in Saudi talks over Lebanon
Egyptian president meets King Abdullah to discuss ways to solve deep political crisis.




Sharapova triumphs at Qatar Open
Champion maintains unbeaten record, claiming second title of year with win over Zvonareva.


Tottenham beat Chelsea to win League Cup
Extra-time header settles pulsating final as Spurs claim first trophy in nine years.




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