ArabianBusiness.com - Middle East Business, Financial & Industry News, Events & Information

Title:	Middle East Business
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Text:	arabianbusiness.com middle east business, financial industry news, events live market data ase . tasi . msm . dfm . adsm . ksa . dsm . bse . sunday, june updated minute ago uae time nav margin top politics economics file lawsuits group companies individuals courts, spokesman says. banking finance kuwaiti investment bank reiterates plan acquire stake bank baghdad. energy gulf state says market oversupplied, unwise cut fear stoking record crude price. energy uae based firm confirms media report north african country year. uae traffic conditions remoteness sites means dialing waiting workplace accident just option. gcc leadership summit labour conference busted stereotypes held labour unions employers. editor choice dubai city where, dream it, probably happening. uae provide basic wages, safety housing construction workers. middle east business news stories upcoming events april dubai, united arab emirates june dubai, united arab emirates june dubai, united arab emirates top middle east business stories arabianbusiness.com pictures pictures spot poll right criticise gulf record human trafficking yes, gulf record human trafficking poor. yes, gulf making progress. no, gulf good record combating human trafficking. no, right criticise country. business big shot debate graham jun doug jun trevor jun popular popular searches depth resources research events services arabianbusiness.com jobs industry construction location dubai, uae industry construction location dubai, uae arabianbusiness.com surveys reports visit sister sites constitutes acceptance user policy privacy policy
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</div> <div id="branding"> <div> <a href="/"> <img src="/pictures/furniture/logo_arabianbusiness.png" alt="ArabianBusiness.com - Middle East Business News" width="377" height="50" border="0" /> </a> <b>Sunday, 29 June 2008 \| <div id="updateDateSpan" style="display:none">updated 1 minute ago</div>17:35 UAE time</b> </div> <div id="brban"> <script language="javascript" type="text/javascript"> <!-- OAS_AD('Top'); //--> </script> </div> </div> <div id="hdspr"></div> </div> <style type="text/css">#nav{margin-top:2px}</style> <div id="content"> <script type="text/javascript"> <!-- var cp_tmp_height=0; var cp_max_height=356; var cp_parent_name="cPush"; var cp_timeOut; function f4d_expand_layer(){ clearTimeout(cp_timeOut); with(document.getElementById(cp_parent_name).style){ cp_tmp_height=cp_tmp_height+10; if(cp_tmp_height<=cp_max_height){ display="block"; height=cp_tmp_height+"px"; cp_timeOut=setTimeout('f4d_expand_layer()',10); } } } function f4d_collapse_layer(){ clearTimeout(cp_timeOut); with(document.getElementById(cp_parent_name).style){ cp_tmp_height=cp_tmp_height-10; if(cp_tmp_height>=5){ height=cp_tmp_height+"px"; cp_timeOut=setTimeout('f4d_collapse_layer()',10); } else if(cp_tmp_height==0){ height="1px"; display="none"; } } } var delayPush var delayCount = 0 function f4d_init_expand_layer(){ if(document.getElementById(cp_parent_name)){ if(delayCount == 0) { delayPush = setTimeout('f4d_expand_layer()', 1000); } else { f4d_expand_layer(); } } } function f4d_init_collapse_layer(){ clearTimeout(delayPush) delayCount = 0 if(document.getElementById(cp_parent_name)){ f4d_collapse_layer(); } } //--> </script> <div id="cPush" onmouseover="f4d_init_expand_layer()" style="overflow:hidden;height:1px;display:none"> <script language="javascript" type="text/javascript"> <!-- OAS_AD('Position4'); //--> </script> </div> <div id="content-main" class="left nomargin content"> <div class="content"> <div class="left"><a href="http://www.arabianbusiness.com/523257-iraq-to-sue-firms-over-oil-for-food-scandal?ln=en"><img src="http://www.arabianbusiness.com/images/magazines/arabianbusiness.com/web/fp/Iraq-grain43_home.jpg" width="230" height="165" alt="Iraq to sue firms over oil-for-food scandal" class="left border" /></a></div> <div class="left" style="max-width:210px;"><h2><a href="http://www.arabianbusiness.com/523257-iraq-to-sue-firms-over-oil-for-food-scandal?ln=en" class="blue-d" style="font:bold 16px/18px Verdana, Arial, Helvetica, sans-serif">Iraq to sue firms over oil-for-food scandal</a></h2> <p class="large topmargin2"><span class="vsmallb mdgrey">Politics & Economics</span><br /> Gov't to file lawsuits against group of companies and individuals in US courts, spokesman says.</p> </div> </div> <div class="content nomargin"> <div class="left" style="width:140px;padding-right:10px;border-right:1px solid #cccccc;"> <p class="medium nomargin"><a href="http://www.arabianbusiness.com/523266-burgan-denies-fresh-talks-over-iraqi-lender?ln=en"class="blue-d"><strong>Burgan denies fresh talks over Iraqi lender</strong></a><br /> <span class="vsmallb mdgrey">Banking & Finance</span><br /> <span style="font-weight:normal;font-size:11px;color:#000000">But Kuwaiti investment bank reiterates plan to acquire stake in Bank of Baghdad.</span> </p> </div> <div class="left" style="width:140px;padding-right:10px;border-right:1px solid #cccccc;margin-left:10px"> <p class="medium nomargin"><a href="http://www.arabianbusiness.com/523264-qatar-urges-opec-not-to-cut-output?ln=en"class="blue-d"><strong>Qatar urges OPEC not to cut output</strong></a><br /> <span class="vsmallb mdgrey">Energy</span><br /> <span style="font-weight:normal;font-size:11px;color:#000000">Gulf state says market oversupplied, but unwise to cut for fear of stoking record crude price.</span> </p> </div> <div class="left" style="width:140px;margin-left:10px"> <p class="medium nomargin"><a href="http://www.arabianbusiness.com/523260-dana-gas-announces-egypt-oil-find?ln=en"class="blue-d"><strong>Dana Gas announces Egypt oil find</strong></a><br /> <span class="vsmallb mdgrey">Energy</span><br /> <span style="font-weight:normal;font-size:11px;color:#000000">UAE-based firm confirms media report about its first find in North African country this year.</span> </p> </div> <div class="border-none"> <hr /> </div> </div> <script language="JavaScript" type="text/javascript">updateDate = "Sunday, 29 June 2008 17:22"</script> <div class="content topmargin5 nopadding"> <h4 class="title bg-mdgrey white padding3"><a href="http://www.arabianbusiness.com/section/allcomment" class="right white">more »</a><a href="http://www.arabianbusiness.com/section/allcomment" class="white">MIDDLE EAST BUSINESS COMMENT</a></h4> <table width="100%" border="0" cellspacing="0" cellpadding="0" style="border-bottom:1px solid #888888;"> <tr> <td width="118" valign="top"><p class="medium bottommargin10"><a href="http://www.arabianbusiness.com/522920-golden-rules-to-respond-to-workplace-accidents?ln=en" class="blue-d"> <strong>The golden rules </strong></a><br /> UAE traffic conditions and the remoteness of some sites means dialing 999 and waiting after a workplace accident is just not an option.<br /> </p></td> <td width="105" valign="bottom" align="right"><a href="http://www.arabianbusiness.com/522920-golden-rules-to-respond-to-workplace-accidents?ln=en"><img src="http://www.arabianbusiness.com/images/cutouts/john_falchetto.jpg" width="100" height="100" border="0" alt="John Falchetto" /></a></td> <td width="15" valign="top"> </td> <td width="118" valign="top"><p class="medium bottommargin10"><a href="http://www.arabianbusiness.com/522921-ambitious-project-for-trump-and-nakheel?ln=en" class="blue-d"> <strong>Ambitious projects</strong></a><br /> The GCC Leadership Summit '08 labour conference busted so many stereotypes held by labour unions and employers.<br /> </p></td> <td width="105" valign="bottom" align="right"><a href="http://www.arabianbusiness.com/522921-ambitious-project-for-trump-and-nakheel?ln=en"><img src="http://www.arabianbusiness.com/images/cutouts/rob_wagner.jpg" width="100" height="100" border="0" alt="Rob Wagner" /></a></td> </tr> </table> </div> <div class="content topmargin10"> <div class="left" style="width:150px;"> <h4 class="title bg-mdgrey white padding3">EDITOR'S CHOICE </h4> <ol class="more noindent big"> <li> <a class="blue-d" href="http://www.arabianbusiness.com/523000-dubai-unveils-low-cost-airline-brand?ln=en"> <strong>Dubai unveils budget airline brand</strong> <span class="red">»</span> </a> </li> <li> <a class="blue-d" href="http://www.arabianbusiness.com/523078-bahrain-speaks-out-against-war-on-iran-?ln=en"> <strong>Bahrain speaks out against Iran war </strong> <span class="red">»</span> </a> </li> <li> <a class="blue-d" href="http://www.arabianbusiness.com/523073-uae-ministry-issues-3000-illegal-permits?ln=en"> <strong>UAE ministry issues 3000 'illegal' permits</strong> <span class="red">»</span> </a> </li> <li> <a class="blue-d" href="http://www.arabianbusiness.com/523070-pitt-jolie-donate-1-mln-dollars-to-war-children-fund?ln=en"> <strong>Pitt, Jolie donate $1mn to war children</strong> <span class="red">»</span> </a> </li> <li> <a class="blue-d" href="http://www.arabianbusiness.com/522972-iran-bans-sunbeds-on-health-grounds?ln=en"> <strong>Iran bans sunbeds over health concerns</strong> <span class="red">»</span> </a> </li> <li> <a class="blue-d" href="http://www.arabianbusiness.com/522957-tom-ford-dishdashas-to-hit-stores-very-soon?ln=en"> <strong>Tom Ford dishdashas to hit Dubai</strong> <span class="red">»</span> </a> </li> </ol> </div> <div class="right" style="width:300px;text-align:center"> <script language="javascript" type="text/javascript"> <!-- OAS_AD('x05'); //--> </script> </div> <div class="border-none"> <hr /> </div> </div> <div class="content nomargin"> <h4 class="title bg-mdgrey white padding3"><a href="http://www.arabianbusiness.com/section/allfeatures" class="right white">more »</a><a href="http://www.arabianbusiness.com/section/allfeatures" class="white">MIDDLE EAST BUSINESS FEATURES</a></h4> <div class="left" style="width:220px;padding-right:10px"> <div class="left topmargin10"><a href="http://www.arabianbusiness.com/522873-five-star-rooms-in-dazzling-dubai?ln=en" class="black"> <img src="http://www.arabianbusiness.com/images/magazines/first_class/2008_06_01/fp/fivestar1_home.jpg" width="70" height="70" alt="" class="left border" /> </a></div> <div class="left topmargin5" style="max-width:135px"> <p><a href="http://www.arabianbusiness.com/522873-five-star-rooms-in-dazzling-dubai?ln=en" class="blue-d"> <strong>Five-star rooms in dazzling Dubai</strong></a></p> <p class="nomargin medium">Dubai is a city where, if you can dream it, it's probably already happening. </p> </div> </div> <div class="left" style="width:220px;padding-right:10px"> <div class="left topmargin10"><a href="http://www.arabianbusiness.com/523074-worker-conditions-fall-short-of-fair-treatment?ln=en" class="black"> <img src="http://www.arabianbusiness.com/images/magazines/construction_week/2008_06_28/fp/workerstreat1_home.jpg" width="70" height="70" alt="" class="left border" /> </a></div> <div class="left topmargin5" style="max-width:135px"> <p><a href="http://www.arabianbusiness.com/523074-worker-conditions-fall-short-of-fair-treatment?ln=en" class="blue-d"> <strong>Worker conditions fall short </strong></a></p> <p class="nomargin medium">The UAE must provide basic wages, safety and housing for its construction workers. </p> </div> </div> </div> <div class="content topmargin10"> <h4 class="title white bg-mdgrey padding3"><a href="http://www.arabianbusiness.com/section/allnews" class="right white">more »</a>OTHER MIDDLE EAST BUSINESS NEWS STORIES</h4> <div class="left" style="width:220px;padding-right:10px"> <p class="topmargin5 medium"><strong><a href="http://www.arabianbusiness.com/banking_finance" class="black ucase small">Banking & Finance</a> </strong></p> <ol class="more leftmargin5 news2 big"> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523266-burgan-denies-fresh-talks-over-iraqi-lender">Burgan denies fresh talks over Iraqi lender </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523259-kuwait-money-supply-growth-jumps-23-in-may">Kuwait money-supply growth jumps 23% in May </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523258-samba-to-lead-manage-mideasts-biggest-mining-ipo">Samba to lead manage Mideast's biggest mining IPO </span></a> </li> </ol> <p class="topmargin5 medium"><strong><a href="http://www.arabianbusiness.com/construction_industry" class="black ucase small">Construction & Industry</a> </strong></p> <ol class="more leftmargin5 news2 big"> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523258-samba-to-lead-manage-mideasts-biggest-mining-ipo">Samba to lead manage Mideast's biggest mining IPO </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523208-uae-examines-controversial-water-technology">UAE considers controversial water technology </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523207-fifth-contract-of-parallel-roads-project-awarded-at-4628m">RTA awards $462.8mn Parallel Roads contract </span></a> </li> </ol> <p class="topmargin5 medium"><strong><a href="http://www.arabianbusiness.com/culture_leisure" class="black ucase small">Culture & Leisure</a> </strong></p> <ol class="more leftmargin5 news2 big"> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523115-a-team-movie-set-to-film-in-dubai">Filming of A-Team movie set for Dubai </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523070-pitt-jolie-donate-1-mln-dollars-to-war-children-fund">Pitt, Jolie donate $1mn to war children </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/522957-tom-ford-dishdashas-to-hit-stores-very-soon">Tom Ford dishdashas to hit Dubai </span></a> </li> </ol> <p class="topmargin5 medium"><strong><a href="http://www.arabianbusiness.com/energy" class="black ucase small">Energy</a> </strong></p> <ol class="more leftmargin5 news2 big"> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523264-qatar-urges-opec-not-to-cut-output">Qatar urges OPEC not to cut output </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523260-dana-gas-announces-egypt-oil-find">Dana Gas announces Egypt oil find </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523214-saudi-electricity-eyes-new-sukuk-to-fund-expansion-">Saudi Electricity eyes sukuk </span></a> </li> </ol> <p class="topmargin5 medium"><strong><a href="http://www.arabianbusiness.com/healthcare" class="black ucase small">Healthcare</a> </strong></p> <ol class="more leftmargin5 news2 big"> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523008-saudi-to-spend-45-bln-for-hospital-projects">Saudi to spend $4.5bn on hospitals </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/522972-iran-bans-sunbeds-on-health-grounds">Iran bans sunbeds over health concerns </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/522946-junk-food-to-be-banned-in-uae-schools">Obese kids spark junk food ban </span></a> </li> </ol> <p class="topmargin5 medium"><strong><a href="http://www.arabianbusiness.com/islamic-finance" class="black ucase small">Islamic Finance</a> </strong></p> <ol class="more leftmargin5 news2 big"> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523214-saudi-electricity-eyes-new-sukuk-to-fund-expansion-">Saudi Electricity eyes sukuk </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523140-difc-demands-systems-for-transparency">DIFC watchdog urges transparency from Islamic scholars </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/522974-500mn-islamic-buyout-fund-set-up">$500mn Islamic buyout fund set up </span></a> </li> </ol> <p class="topmargin5 medium"><strong><a href="http://www.arabianbusiness.com/media_marketing" class="black ucase small">Media & Marketing</a> </strong></p> <ol class="more leftmargin5 news2 big"> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523173-bbc-ktv-to-produce-film-on-kuwait-labour-conditions">BBC, KTV to produce film on Kuwait labour conditions </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523115-a-team-movie-set-to-film-in-dubai">Filming of A-Team movie set for Dubai </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/522952-worlds-most-expensive-magazine-on-sale-in-dubai">$10,000 mag to be auctioned in Dubai </span></a> </li> </ol> <p class="topmargin5 medium"><strong><a href="http://www.arabianbusiness.com/personal_finance" class="black ucase small">Personal Finance</a> </strong></p> <ol class="more leftmargin5 news2 big"> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523179-retailers-banks-under-fire-over-consumer-spending">Retailers, banks under fire over consumer spending </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523171-homeowners-compensated-for-roadworks">Homeowners compensated for roadworks </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/522821-kuwait-raises-salaries-to-offset-inflation">Kuwait raises wages in inflation fight </span></a> </li> </ol> </div> <div class="left" style="width:220px;padding-right:10px"> <p class="topmargin5 medium"><strong><a href="http://www.arabianbusiness.com/politics_economics" class="black ucase small">Politics & Economics</a> </strong></p> <ol class="more leftmargin5 news2 big"> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523257-iraq-to-sue-firms-over-oil-for-food-scandal">Iraq to sue firms over oil-for-food scandal </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523259-kuwait-money-supply-growth-jumps-23-in-may">Kuwait money-supply growth jumps 23% in May </span></a> </li> <li> <a class="latestnews blue-d" href="http://www.arabianbusiness.com/523221-us-gives-major-boost-to-covert-ops-in-iran-report">US gives major boost to covert ops in Iran </span></a> </li> </ol> <p 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