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Welcome to the morning edition of ArabianBusiness.com Daily News Alert.
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Sunday, 9 March 2008

Retailers slam UAE food price cap
Maximum retail price for essential goods will badly affect quality and supply, businesses say.


Gulf Air seals $6bn 787 order amid delay fears
Bahrain airline to buy 16 Boeing Dreamliners despite rumours of third major delay.


Bangladesh fixes minimum Saudi wage
Unskilled workers to receive at least $147 per month under new rules effective from July.


New Al Garhoud Bridge to open 'within days'
Congestion on roads leading to bridge will be a 'thing of the past', official says.






Investors urged to pile into Mideast stocks
Stocks undervalued with banks and construction firms very attractive bet, fund manager says.




Indians shunning Dubai due to dollar plunge
Less labourers migrating as wages fall due to dollar peg, recruiter says.




Sheikha Fatima calls for end to suffering of women
Women continue to endure serious human rights abuses, wife of late Sheikh Zayed says.




Oil hits new lifetime high as dollar continues fall
US light crude rises $1.02 to $106.49 a barrel as US currency slides against euro.




Bahrain urged to honour press freedom promises
Report calls on kingdom to put money where mouth is over long-awaited legal reforms.




Saudi to fund Gaza reconstruction
King Abdullah orders reconstruction of all buildings demolished during deadly Israeli incursions.


Cleric warns Saudis against funding 'evil'
Individuals have been urged not to donate money to charities which support terrorist activity.


Hundreds of shop owners face jail, fines
Kuwait steps up efforts to control inflation with crackdown on shops hiking food prices.




Hicks seeks funds in Liverpool takeover battle
Co-owner trying to raise funds to match offer from Dubai and retain control of club.


Gunners look to extend League lead over Man Utd
Arsenal will relish chance to steal march as rivals engaged in pursuit of trophy treble.


Wilkinson on verge of rugby union history
England fly-half needs just one point to become the top scorer in Tests.




GLOBAL MARKETS
Last Updated: 07/03/2008
DOW 11.89 1.22%
NASDAQ 2.00 0.36%
S&P 500 1.00 0.84%
FTSE 100 5.00 1.15%
DAX 6.51 1.17%
CAC 40 4.62 1.26%
NIKKEI 12.00 3.27%

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