The BI-ME eNewsletter
9th February, 2010, 19:32
Posted: February 9, 2010
UAE. Location and quality are driving apartment prices; while average prices decreased, select communities, including Palm Jumeirah and Downtown Burj Dubai, experienced slight increases according to Landmark Advisory's latest quarterly report.
INTERNATIONAL. Standard & Poor's Ratings Services revised its outlook on BMI Bank to negative from stable. At the same time, it affirmed the 'BBB-' long-term and 'A-3' short-term counterparty credit ratings on the bank.
UAE. Tourists visiting the Burj Khalifa were stranded on the building's observation deck for over an hour on Saturday.
UAE. Abu Dhabi's state-owned oil firm ADCO is to invest billions of dollars to hike onshore production by 400,000 barrels per day to 1.8 million bpd by 2017, its general manager Abdel Monim al-Kindy said.
MIDDLE EAST BUSINESS SECTORS
MIDDLE EAST BUSINESS COMMENT & ANALYSIS
date:Posted: February 9, 2010
UAE. Location and quality are driving apartment prices; while average prices decreased, select communities, including Palm Jumeirah and Downtown Burj Dubai, experienced slight increases according to Landmark Advisory's latest quarterly report.
date:Posted: February 8, 2010
INTERNATIONAL. Trying to achieve financial goals by pouring all of one's assets into emerging markets today, telecommunications tomorrow, and Japanese small-cap stocks next week is not a guarantee for achieving a sound financial plan.
date:Posted: February 8, 2010
INTERNATIONAL. The latest survey shows 46% of respondents expect their business travel to increase, marking a rise by 22 points compared with figures of the same period in 2009.
MIDDLE EAST COUNTRIES
SAUDI ARABIA. Al Rabie Saudi Foods has announced the implementation of a strategic marketing and budget plan that will bolster the company's sales and further expand its presence in the local, regional and international markets.
INTERNATIONAL. Nowadays, the alchemists are the central bankers of the world, and they're successfully managing to turn the paper money their countries are producing (their devaluating currencies, that is) into the precious metal.
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