QATAR. The relatively buoyant gas export receipts will continue to represent strength for the Qatari economy and offset potential weaknesses to a certain extent in other sectors of the economy including banking, Moody’s Investors Service has said in a report.While government expenditure will continue to create business opportunities for the large Qatari banks, particularly in the hydrocarbon sector, Moody’s believes that a ‘prolonged period of global recession’ could result in revisions to the budgets of government investments, particularly for projects aiming to diversify loca
UAE. Dubai's index and Qatar's benchmark were the region's best performers on Thursday as improving global sentiment filtered into activity in Gulf bourses.
QATAR. Projects in the cities of Doha and Al Khor halted until the market improves. The company is going ahead with developments that have already started.
QATAR. Frequency Up 20% with 14 extra flights a week across three cities; Delhi goes double daily; Amritsar up to daily; Cochin gets four extra flights.
INTERNATIONAL. A former Taiwanese diplomat has set up a company to make a bid if an existing bid from a China-based firm is rejected by Taiwan regulators.
INTERNATIONAL. The triangle pattern has taken nearly 9 months so far, and a move over US$19.50 could start a multi-month run targeting US$26-US$29 per ounce for starters before a broad pullback.
UAE. Given the recent developments in Saudi Arabia and India, there is now a greater level of hope that the TRA and RIM will reach an agreement about the manner in which BB Messenger services are provided.
UAE. GCC Telecom markets are on the verge of saturation, while prices decline due to increasing competition, resulting in telcos profits being under very high pressure.
INTERNATIONAL. Masood Ahmed, Director of the IMF's Middle East and Central Asia Department, described the flooding as a "human catastrophe that is still evolving." Reconstruction costs expected to run into billions of dollars.
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