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Tuesday, January 06, 2009
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Stocks climb, dollar surges on economy hopes
London: 
 
  Investors bet on a global economic recovery on Tuesday, lifting European and Asian shares for the sixth and seventh consecutive sessions respectively, while the dollar climbed strongly against major currencies.  
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Oil below $48 on profit-taking
Singapore :  
  Oil slipped below $48 on Tuesday on mild profit-taking, after rising 5 percent overnight.    
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Bahrain outlook negative says Moody's
Dubai: 
  Moody's Investors Service today changed the outlook on Bahrain's sovereign ratings to negative from stable.     
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  More top stories

US, Germany weigh tax cuts, markets buoyed
Dubai cancels $1.3bn WCT racecourse deal
UAE banks to get $200m daily funding
The Gulf Online Featured Stories
The Gulf Online Feature Stories
   

  International Business News   International News
 

Stocks climb, dollar surges on economy hopes
Oil below $48 on profit-taking

Gold extends losses
 

Israel intensifies ground attack
Battles rage in Gaza as envoys appeal for truce

US opens new Iraq embassy
   
 
  Sharjah firm wins $122m Sweet Homes deal  
  Sweet Homes, a leading UAE developer, has awarded a Dh450 million ($122.5 million) construction contract to Sharjah-based Master Civil Construction Company.  
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WCT calls Meydan move a 'breach'
Dubai cancels $1.3bn WCT racecourse deal
 
   
  ADIA gets first advanced airport rating in ME  
  Abu Dhabi Airports Company (ADAC) announced that Abu Dhabi International Airport has received regulatory approval for enhanced low visibility operations.  
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Siji Hotel Apartments offers special rates
Gulf Air reaches milestone in Bahrainisation
 
   
  Kuwait makes deeper oil supply cuts  
  Kuwait will deepen oil supply curbs to its main customers in Asia later this month, refiner sources said on Tuesday.  
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India's MRPL may not renew Iran diesel deal
Gulf to ignore Iran supply cut call
 
   
  RWI wins ‘Green Community West’ contract  
  Rubber World Industries (RWI), a leading manufacturer of closed-cell rubber insulation 'Gulf-O-flex', has won a contract to supply rubber insulation products for the ‘Green Community West Villas and Apartments’ located in Dubai Investment Park.  
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Indian buys Egypt medical firm for $18m
Alba 'data archiving success'
 
   
  Shetty bids for Egypt medical firm  
  A UAE-based investor has offered to buy the entire equity of Egyptian medical equipment firm Alexandria Medical Services for 100.8 million Egyptian pounds ($18.3 million), the stock exchange said.  
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Aswaaq launches Thalassaemia campaign
Qatar consortium for Arab Health Expo
 
   
  Depa wins Saudi ministry contract  
  Depa Limited, a leading provider of interior contracting services, said its subsidiary, Depa Saudi Arabia has been awarded a $7.84 million contract to renovate the office of the minister of defence and aviation (Moda) in Jeddah.  
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KI forecasts 100pc growth in GCC
Midas opens new showroom
 
   
  Intel sees major changes in notebooks  
  Intel has predicted dynamic changes in the notebook market this year with an increase in models using innovative technology.   
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STME to expand services in 2009
Primergy server rated fastest in world
 
   
  Damac ‘XL Tower’ rises at Business Bay  
  Luxury lifestyle provider Damac Properties has announced that its XL Tower, a modern and elegant commercial tower located at Business Bay has reached the Podium 3 level.  
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Wasl appoints three service providers
Jumeirah villa prices down 45pc
 
   
  NBAD chairman resigns  
  National Bank of Abu Dhabi said on Tuesday that its chairman Khalifa Al-Kendi had resigned without giving a reason for his departure.  
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Dar mulls sale of Aston Martin stake
Rasmala Equity Fund attracts $120m
 
 
  Virgin opens 6th outlet in UAE  
  Virgin Megastore opened its sixth store in the UAE this festive season, at the Walk in Jumeirah Beach Residence.  
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Spring Promotions campaign intensified
Damas unveils new Quinting watches
 
   
  Bahrain outlook negative says Moody's  
  Moody's Investors Service today changed the outlook on Bahrain's sovereign ratings to negative from stable.  
  Read More  
 

Bahrain 'can beat recession impact'
Lebanon forecasts 3pc growth
 
   
  LG to launch Netflix TV sets soon  
  Netflix and LG Electronics said on Sunday that LG will soon introduce TV sets that can screen Netflix movies directly from the Web without an external box.  
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‘Hydra Executives’ set to hit small screens
Forum & Forza to host Iraq fair