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Tuesday, February 09, 2010
 
 
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Kuwait forecasts $22bn deficit in next budget
Kuwait City: 
 
  Kuwait has forecast a deficit of $22.4 billion in its 2010/11 budget as the spending is projected to reach $56.1 billion, a rise of 33.5 percent above the current year.  
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Abu Dhabi house prices seen stable in Q1
Dubai :  
  House prices in Abu Dhabi are likely to remain stable in the first quarter, but rents will keep declining due to increased supply, property consultancy Landmark Advisory said on Tuesday.    
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Russia raps Iran over nuclear moves
Moscow: 
  Russia on Tuesday said Iran's decision to make higher-grade nuclear fuel raised questions about the Islamic Republic's sincerity in talks over its nuclear programme.        
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  More top stories

More loan write-offs seen by UAE banks
ADIB to consider 25pc foreign ownership
Iran starts work on making 20pc nuclear fuel
The Gulf Online Feature Stories
   

  International Business News   International News
 

Morgan Stanley buys 13m barrels of jet fuel
Toyota recalls Prius, other hybrids on brake woes

Doha deal still possible in 2010: WTO chief
 

Russia raps Iran over nuclear moves
Iran starts work on making 20pc nuclear fuel

Doctor pleads not guilty in Jackson death
   
 
  Al Baddad to prepare venues for Bahrain F1  
  Al Baddad International, the UAE-based leading innovator in the field of mobile halls and storage facilities, will participate in venue preparations for the 2010 Bahrain Formula 1 Grand Prix.  
  Read More  
 

Qatar Cool completes 5 years
Amwaj Gateway construction 'not halted'
 
   
  Sri Lanka re-opens two wildlife parks  
  Sri Lankan wildlife authorities have reopened two famous wildlife parks in the Southeast region of the country that remained closed for four years due to the threat of terrorism, said the Sri Lankan Tourism Promotion Bureau.  
  Read More  
 

Air Arabia to sponsor sailing events
Cristal records top occupancy in Abu Dhabi
 
   
  ABB wins $104m power order in UAE  
  ABB, the leading power and automation technology group, has won an order worth $104 million from Fewa (Federal Electricity & Water Authority) in the UAE, to supply substations that will help increase power supplies in the north.  
  Read More  
 

SWCC eyes revamp of power, water plants
Iran mulls $1.5bn in bonds for energy plans
 
   
  ABB opens Jubail turbocharging service station  
  ABB, the leading power and automation technology group, has opened its first turbocharging service station in the industrial city of Jubail.  
  Read More  
 

Prysmian Cables to boost ME presence
French firm to display UV laser wire marking
 
   
  Roche licenses new flu-fighting technology  
  Roche AG's Genentech unit has licensed an experimental new technology that uses antibodies to fight influenza, including H1N1 swine flu, Harvard's Dana Farber Cancer Institute said.  
  Read More  
 

Dubai orthopaedic meet focuses on new trends
Breakthrough in osteoporosis cure
 
   
  The Office Exhibition opens  
  The Office Exhibition opened today in Dubai with over 250 companies and brands from around the globe showcasing everything from office furniture to the latest office technology.  
  Read More  
 

French firm launches non-flammable paper
Zawaya opens first showroom in Abu Dhabi
 
   
  Zain appoints acting CEO  
  Kuwaiti telecoms company Zain has appointed Khaled Al-Hajeri, chief executive of its Kuwaiti unit, as acting CEO of the group until further notice, a newspaper reported on Tuesday.  
  Read More  
 

Zain offers discount on mobile broadband
Qtel offers free local calls, mobile internet
 
   
  Abu Dhabi house prices seen stable in Q1  
  House prices in Abu Dhabi are likely to remain stable in the first quarter, but rents will keep declining due to increased supply, property consultancy Landmark Advisory said on Tuesday.  
  Read More  
 

UAE faces 'deficit of Grade A developers'
Tamweel swings to Q4 net profit on cost cuts
 
   
  Arab Bank profit hit by provisions  
  Net profit at Jordan's Arab Bank fell 31.4 percent in 2009, it reported on Tuesday, after bad debts ballooned in the wake of the global financial crisis.  
  Read More  
 

KHCB 2009 net profit falls to $8m
Qatar cbank says no need for more bank aid
 
 
  Jumbo bids to upswing consumer spending  
  Jumbo Electronics, a leading retailer in the UAE, has invested more than Dh3 million ($817,000) across a range of product offers in an attempt to upswing consumer spending at the ongoing Dubai Shopping Festival (DSF).  
  Read More  
 

Damas appoints interim CEO, CFO
Barnes & Noble's Nook e-reader to hit stores
 
   
  Kuwait forecasts $22bn deficit in next budget  
  Kuwait has forecast a deficit of $22.4 billion in its 2010/11 budget as the spending is projected to reach $56.1 billion, a rise of 33.5 percent above the current year.  
  Read More  
 

Sheikha Lubna in India to boost ties
SMEs 'business confidence at new high'
 
   
  Gulf radio and TV festival opens  
  Famous Arab actors, media presenters and personalities will attend the 11th Gulf Festival for Radio and Television Production, which opens at Gulf Hotel today.  
  Read More  
 

Etihad backs Hindi film premiere
Broadcasting event to discuss digital boom
 
   
  Mena equity markets remain 'almost flat' in Jan  
  Mena equity markets remained almost flat for the first month of 2010, according to a report by Rasmala Investment Bank.  
  Read More  
 

Deyaar postpones $136m distressed fund
Nasdaq Dubai moves closer to DFM, alters hours
 
 
  Al Adiyat becomes sole Subaru distributor  
  Fuji Heavy Industries Ltd. (FHI), the manufacturer of Subaru automobiles Japan, has appointed Al Adiyat Automobiles as its exclusive distributor in Abu Dhabi and Al Ain.  
  Read More  
 

Porsche launches 911 Turbo S
Toyota shares up after apology
 
   
  Aramex appoints new COO  
  Aramex, the global logistics and transportation solutions provider, said on Tuesday chief operating officer Osama Fattaleh resigned to pursue personal business interests, after more than 20 years with the company.  
  Read More  
 

Officine Panerai backs Dubai boat show
Jafza launches online licence renewal
 
   
  Iran starts work on making 20pc nuclear fuel  
  Iran began work on Tuesday to produce higher-grade nuclear fuel for a Tehran research reactor, an official said, a move that may increase pressure for new UN
sanctions due to Western fears it wants to develop atom bombs.   
 
  Read More  
 

Iran to unveil S300-type air defence system
Iran plans 10 new enrichment plants in 2010/11
 
 
  Water demand 'threatens Bahrain's future'  
  An increasing demand for water threatens the long-term future of the country, an expert told a conference in Bahrain.  
  Read More  
 

Dubai Pearl wins LEED recognition
Savex becomes first carbon neutral B2C event
 
   
  Kingsman sees sugar surplus in '10/11  
  Consultancy Kingsman SA forecast on Monday a 2010/11 (April-March) global sugar surplus of 3.99 million tonnes, against a deficit for 2009/10 of 11.92 million tonnes.     
  Read More  
 

Al Rabie reveals new marketing plan
Abu Dhabi food fest opens
 
   
  Saudi court upholds sentence on sex braggart  
  A Saudi appeals court has upheld a sentence of five years in jail and 1,000 lashes for a Saudi man who bragged about his sexual exploits on television, newspapers reported on Tuesday.  
  Read More  
 

GFH chairman 'faces $125m lawsuit '
20m visit Bahrain e-government portal
 
   
  Tamkeen, Bird sign talent management deal  
  Tamkeen has signed a BD560,000 ($1.48 million) agreement with the Bahrain International Retail Development Centre (BIRD) to deliver a series of training modules on leadership and HR management over a two-year period.  
  Read More  
 

Australia to focus on high-skill immigration
Over 70 exhibitors for Oman education expo
 
   
  Firm to spend $782m on sugar production  
  Illovo Sugar plans to spend about 6 billion rand ($782.2 million) over the next five years to boost sugar production in Africa to 2.5-2.7 million tonnes from 1.7 million, the Business Day reported on Monday.  
  Read More  
 

Wheat intervention to be last resort for EU farmers
Saudi rules out ban on dairy exports
 
 
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