ArabianBusiness.com - Middle East Business News Sunday, 20 July 2008 | Edition: International | Set Preferences
Powers wield sanction threat after Iran stalemate

Powers wield sanction threat after Iran stalemate

Politics & Economics
Sextet of US, Russia, China, France, Germany and UK fail to gain Iranian assurance on enrichment.

Saudi SABIC Q2 net profit up 16.5% to record
Construction & Industry
Quarterly profits of $2.02bn as high oil prices underpin margins.

SABIC eyes refinancing debt for $11bn buyout - report
Construction & Industry
Unnamed Saudi bankers say $8.6bn of deal from the GE Plastics acquistion is at stake.

Saudi Savola to invest $1.7bn on expansion by 2010
Retail
Company targets more deals in South Asia after it announces news of Pakistan buy.


more »MIDDLE EAST BUSINESS COMMENT

Fannie and Freddie no longer rock solid
Fannie Mae and Freddie Mac have an apple pie wholesomeness about them. I suppose the idea was to convey trustworthiness and stability.

Sean Cronin  

The pain's not over
Inflation policymakers' strategy of waiting out the current pain may prove to be the wisest course of action.

Rob Corder

more » MARKET DATA

DFM

Last Price:

5,222.05

-1.12-0.02%

17 Jul 2008 09:59 GMT
(Market Closed)

ADX

Last Price:

4,889.68

+0.81+0.02%

17 Jul 2008 09:59 GMT
(Market Closed)

SSE

Last Price:

9,073.80

+212.56+2.40%

19 Jul 2008 12:30 GMT
(Market Closed)

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

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BUSINESS FEATURES

The rise of Brand Bolllywood

Brand Bollywood is coming to the Gulf and it's not just the Indian population that's the attraction.

KSA move to boost oil output draws opposition

Saudi Arabia has broken ranks with fellow OPEC members by offering to up oil production immediately.

Who’s to blame for $145 oil?

Crude oil has risen 77% in the last 12 months, triggering fears of global recession. But is OPEC to blame for the crisis?

BUSINESS INTERVIEWS

Diamonds are forever

Damas CEO Tawhid Abdullah on how the firm's IPO will allow the jewellery giant to strike new markets.

Vital links in Europe

Rail travel is a convenient and value-for-money option when travellers are visiting Europe.

The importance of technology

Hospitality technology consultant Ted Horner discusses the latest trends to hit the region.

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