ArabianBusiness.com - Middle East Business News
Thursday, 20 November 2008 17:18 UAE time

YOUR DIRECTORY /

Lenders ramp up interest rates on home loans

Banking & Finance
Banks in the UAE increase mortgage rates by as much as 2.5% as cost of borrowing rises.



Thursday, 20 November 2008

BT signs deal with Kuwaiti government

Technology
Six million dollar deal to provide security infrastructure for Kuwaiti information network


Tiger claims FM territory

Construction & Industry
Realty firm Tiger Properties has moved to establish a facilities management umbrella division to service its portfolio of properties.


3,500 strata professionals in training

Construction & Industry
BCS and RERA to work together to plug strata management skills gap.


QR 35bn Urjuan project launched

Construction & Industry
The Urjuan project, a QR 35 billion (USD 10 billion), integrated city development was officially launched by HE Hamad Bin Jasem Bin Jabir Al Thani, Prime Minister of Qatar, early November.


Mirdif adopts green strategy

Construction & Industry
MAF project to adopt sustainable US rating system LEED for city centre site.


Pop star to give evidence in Bahrain lawsuit case

Culture & Society
Michael Jackson expected to appear in court on Monday to fight $7mn claim by sheikh.

Pop star to give evidence in Bahrain lawsuit case

Luxury hotel fitter expects to see Dubai slowdown

Construction & Industry
But interior contractor Depa says global crisis has not had impact on its projects.

Luxury hotel fitter expects to see Dubai slowdown

Bin Hendi chief sees 20% fall in business

Retail
Major Gulf retailer says it will take steps to tackle predicted further decline in consumer spending.

Bin Hendi chief sees 20% fall in business

Damas set to slow down 2009 expansion plans

Retail
Jewellery retailer says it has seen slowdown in sales at the top end of the market.

Damas set to slow down 2009 expansion plans

Sama Dubai reviews projects amid global crisis

Real Estate
Real estate division of Dubai Holding says no decision has been taken regarding job cuts.

Sama Dubai reviews projects amid global crisis

RMJM’s Abu Dhabi Exhibition Centre wins Project of the Year

Construction & Industry
The Abu Dhabi Exhibition Centre (ADNEC), designed by RMJM, recently scooped Construction Week’s prestigious Project of the Year 2008 award.


Hyder emphasises design phase Environment Assessment

Construction & Industry
To stand out in the current market, Hyder Consulting Middle East is encouraging architects and developers to focus on environmental issues from the design stages of a project to ensure lasting success.


Biomimicry and the built environment

Construction & Industry
A unique collaboration between HOK and Biomimicry is set to expand the mainstream application of bio-inspired designs into the GCC.


Danube to invest AED 40 million in Bahraini steel industry

Construction & Industry
In line with the ongoing construction boom in the GCC and the increasing demand for steel, Danube Materials FZCO is to invest AED 40 million into the steel industry in the Kingdom of Bahrain.


MySpace comes to BlackBerry smartphones

Technology
Customized mobile application allows members to receive updates and send messages in real time


Shuaa Capital wins approval for shares buyback

Financial Markets
Dubai-listed investment bank will buy back 10% of shares after weeks of market declines.

Shuaa Capital wins approval for shares buyback

Oman launches $389mn fund to help bourse

Financial Markets
Gov't reveals plan with private sector to help stabilise Gulf state's stock market.

Oman launches $389mn fund to help bourse

Google kills its Lively virtual world

Technology
Company decides to discontinue service that was launched in July this year


Al Khaleej to offer Juniper training in KSA

Technology
Juniper is hopeful that the company can repeat the training momentum it has created for rival Cisco in Saudi Arabia


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more » MIDDLE EAST MARKETS DATA

DFM

Last Price:

2,012.24

-40.91-1.99%

20 Nov 2008 09:59 GMT
(Market Closed)

ADX

Last Price:

2,833.55

-47.20-1.64%

20 Nov 2008 10:00 GMT
(Market Closed)

SSE

Last Price:

4,880.44

-89.52-1.80%

19 Nov 2008 12:30 GMT
(Market Closed)

CURRENCY CONVERTOR

SPOT POLL

Following the temporary closure of Kuwait Stock Exchange, what do you think the future holds for Gulf markets?

Markets have reached a nadir and share values will now begin to recover.
Most sectors will soon recover but the real estate shares will suffer for some time to come.
The global financial crisis has only just arrived and markets are in for worse times ahead.
Many more companies will be forced to buy back shares in a bid to boost their value.
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READER COMMENTS

  1. Bollywood star chosen for 'Atlantis Goddess' role 7
    20 Nov ' 08 at 08:24
    Been out of the loop but Gulf News has gone dead silent on Free Sammy the Shark campaign. That in itself is not surprising, don't bite...  More »
  2. Expats given more time to register for ID cards 5
    19 Nov ' 08 at 17:27
    Are Expat getting free medical, transportaton or accommodation facility? What benifit you are giving to Expat gainst that National ID?  More »
  3. 85% believe real estate sector woes will get worse 3
    19 Nov ' 08 at 17:00
    The late french president once said to famous Egyptian journalist Hiekal that US is a super great country but he fears that when it...  More »
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