Gulf defense of dollar pegs rings hollow as Fed cutsGulf policymakers have little choice than to reform currency policy to prevent economies from overheating.

OPEC to maintain oil output ceilingOrganisation of Petroleum Exporting Countries to keep official daily production at 29.67 million oil barrels.

OPEC hints at no change to oil outputSaudi Arabia voices satisfaction at present levels of crude oil supply, demand.

Internet outage hits Mideast businessesDamaged undersea Internet cables bring business from Cairo to Colombo to standstill.

Borse Dubai gets 6.6% share in OMXStockholm agrees to sell Nordic, Baltic stock exchange operator to Borse Dubai/Nasdaq.

Saudi move to counter disaffection over inflationSaudi wage hikes to cost $16bn as government says inflation will ‘stabilise’ at 4% this year.

Le Royal Hammamet among ‘Oscar of tourism’ awardedArab destinations, hotels including Burj Al Arab hotel awarded at World Travel Awards Ceremony.

Saudi, Dubai stocks nosediveTadawul All-Shares Index drops 4.1%, Financial Market Index 3.84% on fears of possible US recession.

Will ‘Gas OPEC’ replace GECF?Qatar’s Attiyah: gas-producing countries to discuss idea of forming ‘gas OPEC’.

GCC oil earnings could triple over next 14 yearsReport warns GCC states’ way of investing new fortune could have global financial, political outcomes.

Gulf stock markets open higher after US rate cutStock markets in Gulf Arab states rebound strongly at start of trading, day after tumbling badly.

Oil prices tumble on US recession fearsAnalysts insist Federal Reserve’s cut of interest rate has not reassured oil market.

Emirates expects to privatise 20-30% stakePresident of Dubai state-owned Emirates airlines expects shares to raise more than 27 billion dollars.

Kuwait slashes interest rate by 0.50 percentIt is first time in 18 months Kuwait has altered its benchmark lending rate, biring it down to 5.75 percent.

Mideast, Gulf stock markets nosediveSeven stock markets in GCC lose most of their gains on fears of economic recession in US.

Oil prices continue to fall on demand fearsAnalysts fear that weakness in US economy could potentially drop energy demands.

SteelFab,SteelTech exhibitions open in ShrajahOver 400 brands from more than 30 countries showcase latest technological developments within steel sector.

Israel tourism makes strong recoveryTourism to Israel increases by 25% in 2007, earnings from tourism-related industries jump to $3.2 billion.

Qatar’s $60 billion fund targets US financialsQatar Investment Authority considers buying into financial, construction sectors in US, Europe.

Gulf petrochemical boom faces challengesQatar’s energy minister says shortage of skills, prices of contractors impeding GCC’s petrochemicals industry.

Mideast leads growing global tourism

Oman among world’s top 10 destinations

Libya hosts conference on Islamic financial services

Iraqi brokers keep eye on bombs not foreign markets

Gulf Air goes to Davos, but why?

Abu Dhabi, Tokyo bourses to tie up

French state sued for ruining hookah-pipe bar business

Fast population growth menacing Yemen’s economy

Asian, Mideast funds unleash cultural revolution on Wall St.

Qatari Diar’s Ansari in top 100 CEOs list


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