Last updated: 12:48 (GMT+04) Wednesday, July 09, 2008.  

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UAE Cost of Living

Business 

Money

Gulf unlikely to modify currency plan this year

Bahrain's central bank governor says regional leaders will have a 'better or clearer' picture of the issue in 2009.

Oil & Gas

Oil plunges over $6 as dollar gains and storm worry eases

Oil tumbled to below $136 on Tuesday, dropping by about $10 this week, as the dollar gained and concern eased over an Atlantic hurricane.

Construction

Gulf construction costs rise 50% in first half

Labour shortage and soaring prices of building materials spur contractors to forge alliances with real estate developers

Banking and Finance

Pakistani rupee slumps to fresh low

The Pakistani rupee slumped 2.6 per cent to close at a record low in a market worried about high inflation, burgeoning deficits and security.

Banking and Finance

NBAD approves long term incentives plan for staff

National Bank of Abu Dhabi (NBAD) held an extraordinary general meeting in Abu Dhabi to approve the Board’s proposal to offer convertible notes to the Bank’s top employees as a part of NBAD’s long-term employee incentive plan.

Oil & Gas

DME oil contract faces US hurdle

The Commodity Futures Trading Commission (CFTC) has amended the "no-action relief letter" under which the Dubai Mercantile Exchange (DME) is permitted to make its electronic trading and order matching system available to DME members in the US.

Markets

Value and volume of trading on ADX soars in first half of 2008

The value of securities traded in the first half of 2008 trebled compared to the first half of 2007 announced Tom Healy, Chief Executive of the Abu Dhabi Securities Exchange (ADX).

Oil rises following Iran missile test
Diesel demand driving oil prices, says expert
Damas IPO raises $270.6 million; priced at lower end of range
Taqa buys six North Sea operating licenses from Shell, Esso
Dubai shares fall, led by Du and Union Properties
Tanker rates likely to fall further
Saudi shares drop to end four days of gains
Industrial expansion likely to boost profits of Saudi banks
Oman Blue City bonds face Fitch downgrade
Global begins share sale of financial services fund in Middle East
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YOUR MONEY

Latest Forex rates

LATEST STORIES FROM Business

GN Galleries
In pictures: The Minister of Economy's visit to Carrefour
GN Galleries
Find out what makes the UAE's gold trade glitter

BANKING AND FINANCE

Pakistani rupee slumps to fresh low
NBAD approves long term incentives plan for staff
UBS secures Saudi licence to open unit
Dubai Islamic Bank signs Dh824m loan deal
Emirates NBD unveils Business Credit Card

COMMODITIES

UAE looks abroad for food security

CONSTRUCTION

Gulf construction costs rise 50% in first half

DEVELOPMENT

Al Zorah announces preliminary road work

DUBAI SUMMER SURPRISES

Summer in Abu Dhabi heading for success

ECONOMY

Fed unlikely to raise rates until markets stabilise
Sliding rupee will add to economic woes

GENERAL

Authenticity in organisations
Gold slides more than 1% as dollar firms up
Rich nations set deadline to halve carbon footprint

MARKETS

Value and volume of trading on ADX soars in first half of 2008
UAE markets retreat on Iran's threat to US
Sensex down 1.3% after credit woes rattle markets

OIL & GAS

Oil plunges over $6 as dollar gains and storm worry eases
DME oil contract faces US hurdle
Oil sheds more than $8 in two days
Petrobras seeks 40% in Carabobo field tender
Samsung to deliver biggest tanker to Qatar
Real reasons for hiking oil prices
Adnoc and Conoco to develop sour gas field

SHIPPING

Iraqi port traffic doubles as threats ease

TELECOM

Nedaa launches communication service for private companies

TRADE

Kuwait bans exports of sheep and frozen chicken
US imports to Iran rise even as Bush keeps talking tough

MONEY

Gulf unlikely to modify currency plan this year

MORE STORIES FROM Business

BANKING AND FINANCE

Damas successfully lists on DIFX

COMMODITIES

No rice black market in UAE, says minister

ECONOMY

SEDD sees 12.8% rise in licenses

Minister of Economy inspects supermarket prices

INDUSTRY

Oman plans industrial hub in Duqm

INTERNET

Reasons to like iLike

OIL & GAS

Al Ain to Fujairah Pipeline to be fenced

London to host oil summit in December

REAL ESTATE PROPERTY

Creation of HyperCorp LLC announced

TECHNOLOGY

Dreamworks to use Intel technology

Wearable gadgets are in

The degeneration of online debates

Always better to have a back-up

TELECOM

Siemens to cut work force

New communication provider launches

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