ArabianBusiness.com - Middle East Business News
Friday, 09 January 2009
UAE, Kuwait shares 'among world's most attractive'

UAE, Kuwait shares 'among world's most attractive'

Financial Markets
Rasmala investment bank chief says optimistic that markets are beginning to recover in GCC.

  1. Emaar leads losses in UAE markets

Lebanon launches probe into attacks on Israel
Politics & Economics
UPDATE 3: Government blames Palestinian factions - Hezbollah deny involvement.

Saudi reveals oil demand could fall by 45%
Energy
Oil demand is being hit hard by the global financial crisis, says Saudi government.  

GCC markets suffer 57% fall in 2008
Financial Markets
Region's stock markets lost a further 8% in Dec to cap dismal year, a new report by Markaz shows.

more »MIDDLE EAST BUSINESS COMMENT

Cairo and Mumbai: The cities victorious
Like Cairo, Mumbai will overcome and beat the terrorists who so cowardly struck at its magnificence.

 Mona Eltahawy  

Political fight
Just how are protestors able to take major international airports in the post 9/11 era, the editor of Airport Middle East asks.

 Sarah Cowell

EDITOR'S CHOICE

  1. New contractors in soon for Meydan project - chairman »
  2. Hundreds of firms vie for Metro retail space »
  3. Abu Dhabi predicts 7% annual growth to 2015  »
  4. FlyDubai launch date 'not affected' by delivery delays »
  5. Saudi plan to expose retailers' mark-up rates »

more » MIDDLE EAST MARKETS DATA

DFM

Last Price:

1,728.95

-42.37-2.39%

8 Jan 2009 09:59 GMT
(Market Closed)

ADX

Last Price:

2,527.41

-13.75-0.54%

8 Jan 2009 09:59 GMT
(Market Closed)

SSE

Last Price:

5,322.22

+32.49+0.61%

7 Jan 2009 12:30 GMT
(Market Closed)

CURRENCY CONVERTOR

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. Kuwait's Global defaults amid global crunch
  2. Moody's downgrades Bahrain bank outlooks

Construction & Industry

  1. Dubai World postpones Las Vegas hotel
  2. Kuwait ready for legal fight over $17.4bn deal

Culture & Society

  1. UAE pledges to step up human trafficking fight
  2. Female suicide bomber kills 35 in Baghdad

Education

  1. $32mn contract deal for first Economic City school
  2. First Gulf signs $323mn Sorbonne campus loan

Energy

  1. Saudi reveals oil demand could fall by 45%
  2. Oil at $30 'manageable' for GCC economies

Healthcare

  1. Research finds diabetes slows the brain
  2. UAE healthcare sector bucks economic trend

Islamic Finance

  1. Noor Investment's global expansion plans 'on hold'
  2. Saudi Hollandi completes $207mn sukuk sale

Media & Marketing

  1. GCC's Apprentice show set for TV debut
  2. First Emirati feature film set to start production

Personal Finance

  1. Recession drives German billionaire to suicide
  2. Consumer pain as banks tighten lending rules

Politics & Economics

  1. Lebanon launches probe into attacks on Israel
  2. Gulf region's 2009 growth forecasts slashed

Real Estate

  1. RERA clamps down hard on developers
  2. Ajman establishes new real estate regulator

Retail

  1. Shopping fest to offer bigger bargains amid global gloom
  2. Hundreds of firms vie for Metro retail space

Sport

  1. New contractors in soon for Meydan project - chairman
  2. Sheikh Mansour tops new football rich list

Technology

  1. Shrinking Apple CEO reveals illness details
  2. Internet services fully restored in Qatar - Qtel

Transportation

  1. Logistics firm sees 15% rise in business amid global crisis
  2. Mideast continues to buck air passenger slump

Travel & Hospitality

  1. Qatar firm buys five-star hotel group for $274mn
  2. Louvre Abu Dhabi construction to start in H1 of 2009

more »MIDDLE EAST BUSINESS EVENTS

UPCOMING EVENTS

  1. Machinery Failure, Vibration & Predictive Maintenance: Use Vibration Analysis & Other Predictive Maintenance & Effective Failure Analysis Techniques to Increase Bottom Line Profits
    28 December 2008 | Dubai, United Arab Emirates
  2. Advanced Value Engineering Methods And Step-by-Step Implementation
    4 January 2009 | Dubai, United Arab Emirates
  3. Advanced Estimating And Value Engineering Skills
    4 January 2009 | Dubai, United Arab Emirates
See all events »

MORE TOP MIDDLE EAST BUSINESS STORIES

  1. Kuwait's Global defaults amid global crunch
  2. Dubai World postpones Las Vegas hotel
  3. Moody's downgrades Bahrain bank outlooks
  4. Logistics firm sees 15% rise in business amid global crisis
  5. Gulf region's 2009 growth forecasts slashed
All Middle East business news stories »

SPOT POLL

What effect do you think Dubai's in-coming rental index will have on the spiralling cost of rents?

No effect as the regulatory agency has no powers to enforce the index.
Will stop one-off extortionate rent hikes, but will have little impact on overall rises.
Will improve the overall situation as tenants will have more power to challenge unfair hikes.
Will solve all problems with rents.
ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. Senior Development Executive (Developer)
    Industry: Construction
    Location: Abu Dhabi, UAE
  2. Architect
    Industry: Construction
    Location: Pakistan
Browse all jobs »

CURRENT TENDERS

  1. Supply tools for optical cables
    Saudi Arabia
    Closes on: 10 January 2009
  2. Supply lamps and other electrical materials for three years
    Saudi Arabia
    Closes on: 10 January 2009
  3. Supply electrical materials
    Saudi Arabia
    Closes on: 10 January 2009
  4. Supply spare parts for Co2 fire alarm system
    Saudi Arabia
    Closes on: 10 January 2009
  5. Supply analyzer
    Saudi Arabia
    Closes on: 10 January 2009
More Tenders »


Rich List 2008

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READER COMMENTS

  1. UAE gov't mulls plan to help redundancy victims 8
    08 Jan ' 09 at 15:49
    Yes yes... its all very laudable, commendable, etc etc.But think about it?Who is gonna fill up all those luxury apartments coming up at...  More »
  2. Shopping fest to offer bigger bargains amid global gloom 6
    08 Jan ' 09 at 17:01
    Don't blame the high costs on the retailers, it's the shopping mall owners causing the problems - they like all the other landlords...  More »
  3. Recession in UAE cannot be ruled out - analysts 5
    08 Jan ' 09 at 13:01
    The so called "progress" done by the entire world for the last 5 years, now unwinding itself due to economic downturn. We are all...  More »
Read all user comments >

BUSINESS FEATURES

The blame game

Experts say regional firms face an increasing vulnerability to PR disasters as the economy worsens.

You’re hired

With the global economy suffering a major downturn, recruiting the right staff has never been more crucial.

Paint it black

Has the era of regional auction houses and art galleries making fortunes from sales come to an end?

BUSINESS INTERVIEWS

Monolith maker

Burj Dubai architect Marshall Strabala on why the credit crunch could curb the Gulf's height wars.

Leap of faith

Mohamed El-Fatatry ditched his cosseted Dubai lifestyle to move to Finland and launch a Muslim web portal.

Taking on the male taboo

Male nurses are now an important commodity in Middle East healthcare, despite a regional taboo.

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