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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Thursday, 28 February 2008

EU agrees wealth fund investment code
Funds must be open about their motives and methods, European Commission says.


British police foiled plot to kill Saudi king
Cash seized by terror squad was to be used by dissidents to murder monarch during state visit, officer says.


UAE business mired in red tape
Bureaucracy makes Emirates most difficult of all GCC countries to do business in, says World Bank.


'Black points' warning to UAE drivers
New system to be introduced on March 1 aims to curb 'alarming' rise in traffic fatalities.






Dubai bling under the lens
Emirate's glitterati and love of consumer culture to be captured in candid new series of images.




Human Rights Watch calls to reject broadcast charter
Charter will seriously impede right of people in Arab world, US-based group says.




Saudi real estate giant calls on UAE to drop dollar peg
Depegging from US currency will help fight inflation, Rakaa Properties CEO says.


Bets on revaluation grow on Greenspan remarks
Forwards show investors betting on 3% appreciation in UAE dirham in a year.


US calls for end to Turkish offensive in Iraq
Over 200 Kurdish rebels have now been killed, along with 27 Turkish soldiers, army says.


UAE council to boost foreign investment
Emirates National Competitiveness Council will make it easier to do business, minister says.




Analysis of Gulf real estate 'extremely' difficult
Lack of information and inconsistent market estimates a problem, Moody's says.




Scare for Henin at Dubai Open
But World No. 1 hits accelerator to produce most encouraging performance of year.


Gerrard voices Reds pain over League flop
England midfielder reveals dismay over having to battle for fourth place.




Arab world to fight $50bn fraud 'epidemic'
Arab League backs efforts to educate businesses over software piracy.




GLOBAL MARKETS
Last Updated: 27/02/2008
DOW 12,694.28 0.07%
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FTSE 100 6,076.50 0.18%
DAX 6,997.85 0.17%
CAC 40 4,968.82 0.09%
NIKKEI 14,031.30 1.49%

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