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Posted: 28-08-2008
UAE. Restrictions by the United States and others may lead sovereign wealth funds to invest closer to home instead of in the West, the head of the central bank for the United Arab Emirates was quoted as saying on Thursday.
UAE. The advanced vacuum sewerage system at Palm Jumeirah serves 2,000 villas through 900 collection chambers, 40 kilometres of pipeline and the world's largest vacuum station.
SAUDI ARABIA. Emaar, The Economic City ,the company developing King Abdullah Economic City, has awarded a US$85 million strategic agreement to Ericsson, to implement and operate the smart city infrastructure and the multi-purpose network for Ethraa, The Smart City.
UAE. UAE Central Bank Governor Sultan Nasser Al-Suweidi said on Thursday there were more reasons for countries to maintain their currency pegs to the dollar now that the US currency was strengthening.
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MIDDLE EAST BUSINESS SECTORS

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: 26-08-2008
INTERNATIONAL. BoE Deputy Governor Charles Bean warned that there was little sign so far of any let up as fuel and food prices keep inflation soaring and the global credit crunch undercuts growth.
date:Posted: 24-08-2008
INTERNATIONAL. After every major systemic war, there is the hope that this will be the war to end all wars. The idea driving it is simple. Wars are usually won by grand coalitions. The idea is that the coalition that won the war by working together will continue to work together to make the peace.
date:Posted: 24-08-2008
UAE. This switch is demonstrated by the fact that, whereas in the 1980s the oil sector accounted for around half of Dubai's GDP, and the emirate's light and sweet crude was the benchmark for all of the Middle East's production, the industry now accounts for around 5%.

MIDDLE EAST COUNTRIES

INTERNATIONAL. This is the process through which equity markets can move between Developed, Advanced Emerging, Secondary Emerging, or Frontier status, and be added to or removed from the FTSE Watch List, which identifies markets under review.
SAUDI ARABIA. On the occasion of the World Dialogue Conference in Madrid, King Abdullah of Saudi Arabia addressed the effort to bring together representatives of the world's religious communities at the conference as well as a wide ranging discussion of other issues including the crisis in world energy and food supplies, the Arab-Israeli conflict, regional security challenges, America's influence in the Middle East and the battle against terrorism.