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Friday, February 03, 2012
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Iran threatens retaliation over oil embargo
Tehran: 
 
  Iran's supreme leader threatened on Friday to retaliate against the West for sanctions, a day after a US newspaper said defence secretary Leon Panetta believed Israel was likely to bomb Iran within months to stop it building a nuclear bomb.  
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Islamists win big in Kuwait polls
Kuwait :  
  Kuwait's Islamist-led opposition made significant gains in the Gulf state's fourth parliamentary election in six years, while women candidates did not win a single seat, official results of the ballot showed.    
  Read More  
Shell says oil may fall to $70 in 2012
London: 
  Royal Dutch Shell says oil could fall to $70 a barrel this year, the middle of the range it uses to plan new projects, implying a possible $40 fall in oil prices from the current value for benchmark Brent crude.     
  Read More  
  More top stories

Govt pulls out of Dubai Group debt talks
Dubai Islamic Bank posts $275m profit
EU watchdog launches credit ratings database
  • Syria’s neighbours on guard

    Iraq and Lebanon contemplate cross-border fallout
  • Chasing the impossible dream?

    Is true GCC union a realistic ideal?
  • Pushing the limits

    Gulf energy companies urged to innovate
  • Gulf airlines seek clearer skies

    Punitive EU environmental tax fails to deter carriers
  • Building cultural bridges

    Qatar Museum of Islamic Art connecting art lovers

  International Business News   International News
 

Shell says oil may fall to $70 in 2012
Brent steady above $112 on Iran

Panasonic to warn of record $9.2bn loss
 

Iran threatens retaliation over oil embargo
Protesters besiege Cairo ministry over soccer deaths

Air Berlin to become full oneworld member
   
 
  Tameer completes 'tallest residential tower'  
  Leading UAE developer Tameer said it has completed the dome and mast of its landmark Princess Tower, making it the world’s tallest residential tower at a final height of 414 meters.  
  Read More  
 

PMI Gulf chapter finalises charter
IBQ backs top Qatar projects summit
 
   
  Emirates launches service to Dallas  
  Dubai-based Emirates, one of the fastest growing airlines in the world, launched its new service from Dallas/Fort Worth to Dubai yesterday.  
  Read More  
 

Sabre in key services deal with travel firm
First project on 'The World' to open soon
 
   
  Samsung wins $160m Gasco project  
  Samsung Engineering has won a contract from Gasco (Abu Dhabi Gas Industries) for a nitrogen gas injection (NGI) plant worth $160 million.  
  Read More  
 

Mideast energy projects spend to hit $180bn
ABB wins $250m Saudi substations contacts
 
   
  Ezz Steel 9-month net profit falls 26pc  
  Egypt's largest steel producer, Ezz Steel, said on Tuesday its net profit for the first nine months of 2011 declined 26 percent from a year earlier.  
  Read More  
 

US mill services firm opens Dubai office
Corodex in manufacturing deal with Biorem
 
   
  Philips, Smit launch MicroDose mammography  
  Royal Philips Electronics along with Smit Mobile Equipment has introduced MicroDose, a new Philips full-field digital mammography (FFDM) solution.  
  Read More  
 

New diabetes drug wins approval
GSK to showcase at Dubai dental expo
 
   
  United Furniture unveils 'Nature' range  
  United Furniture, a leading home décor brand in the UAE, has introduced its new line of furniture and furnishings featuring earthy textures, shapes and hues.  
  Read More  
 

Address Hotel opens new lounge
Sleep Ezze marks 10th year with new products
 
   
  Etisalat denies role in India licence process  
  UAE’s leading telecom operator Etisalat, reacting to Indian Supreme Court’s decision to cancel licences issued to one of its subsidiaries, said it did not have any involvement in the licence process.  
  Read More  
 

Lower roaming rates may hit Gulf telcos
Etisalat may sell African towers
 
   
  Union Properties net loss widens to $426m  
  Union Properties, Dubai's struggling real estate developer, on Thursday said its full-year net loss widened as property values continue to drop in the emirate.  
  Read More  
 

UAE housing market to sink further says poll
Aldar bonds rise over 30 points
 
   
  Govt pulls out of Dubai Group debt talks  
  The Dubai government has walked away from talks about a $10 billion debt restructuring of Dubai Group, leaving the firm, part of the ruler of the emirate's personal empire, to deal directly with creditors and dashing hopes of a state-backed rescue.  
  Read More  
 

BKIC registers $11m profit
Dubai Islamic Bank posts $275m profit
 
 
  Jacky’s sees better Q1 on mobiles, cameras  
  Jacky’s Electronics, a leading consumer electronics retailer, is expecting an improved sales turnover in the first quarter of the year due to sales of mobile phones and digital cameras during the Dubai Shopping Festival 2012.  
  Read More  
 

Samsung launches 'creativity' contest
Huawei phones 'sold out three weeks into launch'
 
   
  UAE, Qatar banks stop trade finance to Iran  
  The central banks of UAE and Qatar have told lenders to stop financing trade with Iran, bankers said, cutting another source of credit for a country struggling under Western economic sanctions imposed over its nuclear programme.  
  Read More  
 

Saudi GDP 'set to grow 3.8pc this year'
12,000 firms back Bahrain reconciliation drive
 
   
  Sign & Imaging show inks major deals  
  Exhibitors at the ongoing Sign, Graphics and Imaging 2012 (SGI 2012) show in Dubai have signed several million dollar deals due to the tremendous demand from trade visitors, said the organisers of the event.  
  Read More  
 

800 students participate in flash mob dance
Manama heritage festival to launch today
 
   
  Experts advice caution on Facebook IPO  
  It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients.  
  Read More  
 

BFX hosts workshop on financial derivatives
Reuters launches Australian Islamic index
 
 
  Bahrain sees drop in traffic deaths  
  The Bahrain Interior Minister said the General Directorate of Traffic's efforts contributed to reducing fatal accidents in the Kingdom to 55 last year compared to 70 in 2010.  
  Read More  
 

Toyota '86' sports cars sales to start in April
Infiniti posts 5.17pc growth in ME
 
   
  Aramex profit up; warns of uncertain outlook  
  Dubai's Aramex has warned of an uncertain outlook for the logistics firm in 2012 due to unrest in the Middle East and worries over the global economy, as it reported a 4 percent rise in quarterly profit.  
  Read More  
 

$25bn high-speed train project to link GCC
30 professionals attend maritime seminar
 
   
  $10bn French Rafale UAE deal back on  
  France could seal a long-awaited deal for Dassault to sell at least 60 Rafale fighter jets to the UAE by April, turning around what appeared to have been a lost cause, French newspaper La Tribune reported.  
  Read More  
 

Lockheed eyes local tie-ups in Saudi
GCC 'has plans against Hormuz closure'
 
 
  Gales spark warnings in Bahrain  
  Gale force winds battered Bahrain yesterday (February 1), sparking several warnings to motorists, seafarers and patients with chronic diseases.  
  Read More  
 

Oerlikon unveils solar module production line
Renewable energy integration 'achievable in UAE'
 
   
  Processed foods ‘claim 50pc of F&B market’  
  Demand for processed food is growing rapidly across all food and beverage categories in the Middle East, and accounts for 50 per cent of the food market in the region, said the organisers of an upcoming food expo in Dubai.  
  Read More  
 

Al Khaleej refinery buys Indian sugar
Global food prices easing, volatility high
 
   
  Islamists win big in Kuwait polls  
  Kuwait's Islamist-led opposition made significant gains in the Gulf state's fourth parliamentary election in six years, while women candidates did not win a single seat, official results of the ballot showed.  
  Read More  
 

Iran's Khamenei threatens retaliation over oil embargo
BICI chief set to hold talks with societies
 
   
  BIBF signs research, training deal  
  The Bahrain Institute for Banking and Finance (BIBF) has signed a key MoU with the Bahrain Association of Banks (BAB) for research and training.  
  Read More  
 

900 sacked workers reinstated in Bahrain
MBA course sees more females enrol
 
   
  Citadel picks veteran to lead Egyptian dairy  
  Gozour Holdings, a platform company of Citadel Capital, a leading private equity firm in the Middle East and Africa, has appointed Hatem Saleh as the new chief executive officer of its integrated dairy division.  
  Read More  
 

World orange juice output to drop: USDA
Bahrain firm inks $50m Philippines farm deal
 
 
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