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Posted: 24-11-2008
UAE. In a speech today at the DIFC Forum being held during DIFC Week, HE Mohamed Alabbar, Chairman of the Advisory Council of the government of Dubai and Chairman of Emaar Properties, said Dubai is at a critical moment in its history. Welcoming distinguised guests from around the world to the Dubai International Financial Centre, Alabbar said: "It has been said that in a rising market, everyone is a financial genius. At this moment in history, I have to say, I am not sure how many of us feel like geniuses. Today, I am here to talk of Dubai and our shared and p
Posted: September 2, 2010
INTERNATIONAL.The first round of talks, hosted by US Secretary of State Hillary Clinton, was held in the State Department.
Posted: September 2, 2010
UAE. Millennium bought US$10 million of four-year convertible notes in July that were sold by International Innovative Technologies, a clean energy company.
Posted: September 1, 2010
INTERNATIONAL. Emirates flew the 500-seat aircraft into Manchester at the start of its daily services between Dubai and the northern England city.
Posted: September 1, 2010
UAE. Gulf banks are resisting, showing signs of improvement despite strain on liquidity, says report card.
Posted: September 1, 2010
UAE. Financing requirements for the 12 months through March 2011 will be US$1.3 billion, and total about US$27 billion for the following six years.
Posted: September 1, 2010
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.
Posted: September 1, 2010
OMAN. Offering of up to 40% of the company's existing shares; Offer to include retail offering of shares in Oman.
Posted: September 1, 2010
UAE. "One financial centre is not sufficient for the Middle East, North Africa and South Asia region, and DIFC is prepared to share its experience," DIFC CEO said.
Posted: August 31, 2010
UAE. Q2 2010 saw an increase by more than 100% in total disclosed deal value to US$12 billion; Number of announced deals in declined by 30%; The total number of announced deals declined by 12%.
Posted: August 31, 2010
INTERNATIONAL. Rejection may open bid by Japanese and Qatari investment firms.
Posted: August 31, 2010
UAE. In the first half of 2010 DIFC, in consultation with its clients, completed a comprehensive strategic review and analysis of the core business proposition.
Posted: August 30, 2010
INTERNATIONAL. BlackBerry maker Research in Motion will give India access to secure data from September 1, a government source said on Monday.
Posted: August 30, 2010
KUWAIT. Kuwait recorded a budget surplus of KWD6.44 billion in the fiscal year that ended March 31 after oil revenue was more than double the forecast.
Posted: August 30, 2010
Nakheel plans to sell bonds by the end of the year to cover 60% of its total outstanding debt.
Posted: August 30, 2010
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.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 2, 2010
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.
date:Posted: September 1, 2010
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.
date:Posted: September 1, 2010
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.