Middle East
Sheikh Mohammed Tightens Control of Dubai, Downgrades Key Company Aides Dubai ruler Sheikh Mohammed Bin
Rashid Al Maktoum consolidated his hold on the debt-laden
emirate, downgrading powerful figures behind the city-state’s
boom that turned to a bust.
U.A.E. Shares Tumble to Two-Month Low on Drop in Volumes, Dubai Shakeup United Arab Emirates shares tumbled
to their lowest close in more than two months as volumes fell
ahead of an Islamic holiday and Dubai’s ruler demoted some of
the emirate’s most prominent executives.
Tamweel Returns to Profit of $2.7 Million After Three Quarters of Losses Tamweel PJSC, the Dubai-based
mortgage lender whose shares were suspended in November 2008,
returned to profit after posting three quarters of losses.
Qatar Plans $25 Billion Railway Network, Forms Venture With Deutsche Bahn Qatar, the world’s largest producer
of liquefied natural gas, expects the construction of a railway
system will cost 17 billion euros ($25.3 billion) as the Persian
Gulf state seeks improved transport links with its neighbors.
Dubai Shares to Fall 11% in Next 2 Weeks, Rasmala Says: Technical Analysis Dubai’s benchmark index may fall as
much as 11 percent in the next two weeks after the lack of
positive catalysts pushed the gauge below a technical support
level, Rasmala Investment Holdings said.
Zain's Jordan Unit, Paltel Merger Halted on Delay in Regulatory Approval Zain, the biggest phone company in
Kuwait, halted the merger between its Jordanian unit and
Palestine Telecommunications Co. after failing to receive
regulatory approval, it said in a bourse statement today.
Saudi Sabic Chief Executive Says World Demand for Petrochemicals Improving Saudi Basic Industries Corp.’s Chief
Executive Officer Mohamed al-Mady said global demand for basic
chemicals is improving.
Emirates NBD May Buy Some of Dubai $10 Billion Bond Sale, Al-Tayer Says Emirates NBD PJSC, the United Arab
Emirates’ biggest bank by assets, said it may buy some of the
$10 billion of bonds Dubai’s government plans to sell to help
state-owned companies amid the credit crisis.
ADIB Names Amir Riad Global Head of Corporate Finance, Investment Banking Abu Dhabi Islamic Bank PJSC, the
United Arab Emirates’ second-biggest bank complying with Muslim
banking rules, appointed Amir Riad as global head of corporate
finance and investment banking.
Shekel's `Fair' Value Is 21% Higher on Current Account Surplus, BofA Says The shekel’s “fair” value is 21
percent higher than the present rate as Israel’s current account
surplus is poised to triple this year, Bank of America Corp.
Merrill Lynch said.
Saudi Arabia's King Says Al-Qaeda, Terrorism Hurt Image, Arab News Reports Saudi Arabia’s King Abdullah said
the reputation of the kingdom suffered because “gangs of
ignorant people” attempted to kidnap moderate Islam with
terrorism and the Sept. 11, 2001, attacks in the U.S., Arab
News reported.
India Bomb Explosions Kill Five, Injure 40 in Northeastern State of Assam Five people were killed and about 40
others injured when two bombs, one strapped to a bicycle,
exploded near a police station in India’s northeastern state of
Assam, a government official said.
Iran Frees Ex-Vice President on Bail After Vote-Unrest Sentence, IRNA Says An Iranian court freed former vice
president Mohammad Ali Abtahi on bail after sentencing him to
six years in jail over his involvement in protests that followed
the re-election of President Mahmoud Ahmadinejad on June 12.
SYMBOL LOOKUP
HOME
