ArabianBusiness.com - Middle East Business News
Sunday, 22 November 2009 04:20 UAE time
September 2007
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TimeOut Dubai
September 2007

Construction Week
September 2007

Arabian Business Arabic
September 2007

Arabian Business English
September 2007
 
Analysis of The Month
Our website ArabianBusiness.com launched our Arabic site in September, a particular holy month with Ramadan, which we celebrated with our bilingual special reports on the month.

It was also the month of Gitex, one of the world's largest IT trade fairs being held in Dubai, where ArabianBusiness.com was exclusively reporting from everyday.

ArabianBusiness.com opened the month with 'Buy Buy Buy', surveying the landscape of mergers and acquisitions in the region, including the main players and their profits.

Thomas Lundgren, Swedish-born entrepreneur in Dubai of 'The One' furniture store was also interviewed, particularly with an emphasis towards combating poverty and his initiatives for that. Even Gary Rhodes, the famed British chef, graced the website with talk of his culinary skills coming to the region.

Some of our mega-stories in the month of September including Samsung lines up next tower megaproject, Gulf Arabs dominate Forbes royal rich list, Dubai rents set to soar 26.5%, Burj Dubai breaks new records, Abu Dhabi pushes to become world capital, Sheikh Mohammed ranked 'coolest' celebrity, Expats to be hit hard as mortgages soar and Ramadan to start Sept 13, say UAE astronomers.

Pekka Kallasvuo, the CEO of Nokia, was given the title 'Lord of the Rings' following his interview about the Scandinavian phone giant's place in the region - and the increasing iPhone rivalry.

In 'Pipe Dream', we spoke to Peter Barker-Homek, CEO of Abu Dhabi energy giant, on his plans for the future of the world's only 'US$16 billion start-up.' Closing the month, was our special report on Abu Dhabi's plan for the next three decades - Abu Dhabi Plan 2030.

ArabianBusiness.com Editor-in-Chief James Bennett interviwed Malcom Gladwell, author of the Tipping Point, for an exclusive interview 'Malcolm in the Middle East' about the story behind 'success'. His personal views in September about this interview can be found in It's time to account for our actions.
September in Quotes
The indication is that they will treat us equal to Nasdaq.

Per Larsson, chief executive of the DIFX, expects the Swedish government to treat Borse Duba's US$4bn offer for Nordic exchange OMX equally to that of its US rival.
September's Special Reports
Plan Abu Dhabi 2030
Construction & Industry

Timeline
2007 Sep 1
Hundreds of riot police fired bullets and tear gas to disperse thousands of retired officers and soldiers in southern Yemen who were demanding to be allowed back into the military. The protesters were largely members of the army of south Yemen who were ousted after being defeated by northern forces.

2007 Sep 1
Hamas gunmen opened fire on their own supporters, killing a teenager at a protest on the Gaza-Egypt border, as tens of thousands of flag-waving Hamas supporters gathered at the Rafah border crossing with Egypt to demand it be reopened.

2007 Sep 2
Iran's president claimed that his country is now running 3,000 centrifuges to enrich uranium for its controversial nuclear program.

2007 Sep 2
In Lebanon the last militant stronghold of a Palestinian refugee camp devastated by more than 3 months of fighting fell to the army. T

2007 Sep 2
Haleh Esfandiari (67), an Iranian-American academic imprisoned for months and accused of trying to create a "soft revolution" in Iran was permitted to leave the country and rejoin her family.

2007 Sep 2
In Yemen riot police opened fire on a demonstration by retired officers and soldiers, killing two people and wounding more than 20 on the second day of protests demanding the right to rejoin the army.

2007 Sep 3
President Nicolas Sarkozy said France and Jordan want to work "hand-in-hand" to help resolve crises in the Middle East, following talks with King Abdullah II.

2007 Sep 3
In Lebanon troops exchanged fire with fleeing militants killing 4 and capturing 2.

2007 Sep 4
Former Iranian President Hashemi Rafsanjani was picked to head a key clerical body empowered with choosing or dismissing the country's supreme leader, state media reported, in a vote seen as a setback for hard-liners in Iran's ruling establishment.

2007 Sep 4
New York city's first Arab-language school opened.

2007 Sep 6
Australian PM John Howard said he would tell Russian President Vladimir Putin that he would not approve the sale of uranium to Moscow if there was any possibility it could be resold to Iran or Syria.

2007 Sep 6
A Pentagon spokesman said 16 detainees from the US military prison at Guantanamo Bay, Cuba, have been transferred to the custody of Saudi Arabia.

2007 Sep 7
A US federal judge said Iran must pay $2.65 billion to the families of the 241 US service members killed in the 1983 bombing of the US Marine barracks in Beirut, in a ruling that left survivors and families shedding tears of joy. A day later Iran rejected the ruling.

2007 Sep 7
Leaders of Australia and Russia signed a deal to export Australian uranium to fuel Russian nuclear reactors, but promised it would not be transferred to Iran's disputed atomic program.

2007 Sep 8
A small Sunni Arab bloc ended its parliamentary boycott, returning to the legislature as it considers key benchmark legislation demanded by Washington amid increasing pressure to end the political deadlock.

2007 Sep 8
Saudi Arabia and an influential Lebanese politician joined calls by Pakistan for former prime minister Nawaz Sharif to scrap plans to return to the country next week.

2007 Sep 10
Former PM Nawaz Sharif returned to Pakistan from a seven-year exile, hoping to campaign against the country's US-allied military ruler, but was immediately charged with corruption and deported to Saudi Arabia hours later.

2007 Sep 11
Lawyers for former PM Nawaz Sharif filed a petition in the Supreme Court challenging his expulsion to Saudi Arabia, setting up another confrontation between the judiciary and Pakistan's military ruler as he battles to hold onto power.

2007 Sep 11
Iran opened the doors of its most feared prison to journalists, allowing them to interview Kian Tajbakhsh, a jailed Iranian-American academic in a move seen as an effort to blunt criticism of the country's human rights record.

2007 Sep 11
Syria complained to the UN about Israeli "aggression and violation of sovereignty" after what a US official said was Sep 6 airstrike deep in Syria.

2007 Sep 13
Humberto, the first hurricane to hit the US Gulf Coast in two years, sneaked up on southeast Texas overnight and crashed ashore with heavy rains and 80 mph winds. One man died when a carport collapsed on him.

2007 Sep 14
Developers in Dubai said the Burj Dubai, the world's tallest building since July, has also become the tallest free-standing structure on earth, reaching 1,822 feet. The over 700-meter (2,313 feet) Burj Dubai tower complex, a part of the Dubai Mall, was expected to be completed this year. The design was by Skidmore, Owings & Merrill of Chicago.

2007 Sep 15
An al-Qaida front group warned it will hunt down and kill Sunni Arab tribal leaders who cooperate with the US and its Iraqi partners, saying the assassination of the leader of the revolt against the terror movement was just a beginning.

2007 Sep 16
In Garmser district of south Helmand province, Afghan and coalition forces using small-arms fire and airstrikes killed about 10 insurgents.

2007 Sep 16
In Jordan the US Embassy said the US has signed an accord with Jordan on the sidelines of a nuclear energy summit in Vienna, Austria, aimed at supporting the peaceful development of the kingdom's nascent nuclear program.

2007 Sep 16
Saudi King Abdullah oversaw the signing in Jeddah of a reconciliation agreement negotiated by several Somali factions in an attempt to stabilize their country and battle the Islamic opposition.

2007 Sep 16
Bernard Kouchner, France's foreign minister, warned that the world should prepare for war if Iran obtains nuclear weapons and said European leaders were considering their own economic sanctions against the Islamic country.

2007 Sep 17
Saudi Arabia announced it has signed a 4.43 billion pound (8.86 billion dollar) deal to buy 72 Eurofighter planes, after tortuous negotiations on one of the largest ever British export orders.

2007 Sep 18
Parnaz Azima, an Iranian-American reporter who was trapped in Iran for months on suspicion of trying to stir up a revolution, was allowed to leave the country and return to the United States.

2007 Sep 19
The US-led coalition accused the Taliban of using children as human shields during a battle in southern Afghanistan.

2007 Sep 19
In Iran Kian Tajbakhsh, an urban planning consultant with the Soros Foundation's Open Society Institute, was released after he spent four months in a notorious prison on suspicion of trying to stir up a revolution.

2007 Sep 19
Iraqi troops killed 14 militants in clashes in the northern city of Mosul, following a failed suicide car bomb attack on an Iraqi army base in the city's eastern sector.

2007 Sep 19
Turkey's devout Muslim PM Recep Tayyip Erdogan said that the constitution should be changed to remove a ban at universities on head scarves, the most potent symbol of the national divide over the role of religion in politics.

2007 Sep 20
Borse Dubai and Nasdaq, rivals to take over Nordic market operator OMX, said they had joined forces to acquire it together in a deal that gives Borse Dubai 19.99 percent of US-based Nasdaq and 28 percent of the London Stock Exchange.

2007 Sep 20
A gunbattle between Afghan police and insurgents left 20 suspected militants and four officers dead in Badghis province bordering Iran and Turkmenistan.

2007 Sep 20
Iraqi soldiers arrested Col. Thamir Mohammed Ismail Husseini (Abu Turab), a high-ranking federal police official on suspicion of targeting Sunni Arabs in Baghdad for arrest and torture on behalf of radical Shiite militias.

2007 Sep 20
Iranian air force pilots made successful test flights in two of Iran's new domestically manufactured fighter jet. The Saegheh jet is a new generation of the Azarakhsh class of fighter planes. Both Azarakhsh and Saegheh mean lightening in Farsi.

2007 Sep 21
Iraqi officials said 25 people have been arrested linked to the assassination of Abu Risha, the leader of the US-backed revolt by Sunni Arab tribesmen in the western Anbar province against al-Qaida in Iraq.

2007 Sep 21
North Korea and Syria held high-level talks in Pyongyang, amid suspicions that the two countries might be cooperating on a nuclear weapons program.

2007 Sep 21
US Sec. of State Condoleeza Rice said the US and France have agreed on increasing diplomatic and economic pressure to force Iran to abandon its nuclear program.

2007 Sep 22
Afghan authorities said they had seized dozens of Iranian and Chinese-made weapons after a brief battle with Taliban fighters near the border with Iran.

2007 Sep 23
In Egypt thousands of workers at Ghazl el-Mahalla started a strike, demanding 150-day shares of annual profits, improved industrial safety, and raising the monthly bonuses. The strike started by 10,000 workers, has gone up to 15,000. Ghazl al-Mahallah is the biggest textile factory in the Middle East, with over 27,000 workers comprising its total labor force.

2007 Sep 24
Iran closed major border crossings with northeastern Iraq to protest the US detention of an Iranian official the military accused of weapons smuggling.

2007 Sep 25
Nicaraguan President Daniel Ortega accused the US of imposing a worldwide dictatorship and defended the right of Iran and North Korea to pursue nuclear technology in a speech before the UN General Assembly meeting.

2007 Sep 26
Officials said Turkey and Iraq have agreed to sign a counterterrorism deal cracking down on separatist Kurdish rebels holed up in bases in northern Iraq.

2007 Sep 26
Abu Dhabi signed a $1 billion deal with Warner Brothers to jointly produce big budget films and video games.

2007 Sep 27
Iran's President Mahmoud Ahmadinejad traveled stopped in Bolivia, where he pledged $1 billion in investment. He pledged investment over the next five years to help the poor Andean nation tap its vast natural gas reserves, extract minerals, generate more electricity and fund agricultural and construction projects. He then visited Venezuela to meet President Hugo Chavez. Chavez embraced the Iranian leader, calling him "one of the greatest anti-imperialist fighters" and "one of the great fighters for true peace."

2007 Sep 28
Turkey and Iraq signed a counterterrorism pact aimed at cracking down on separatist Kurdish rebels who have been attacking Turkey from bases in Iraq.

2007 Sep 29
Iran's parliament voted to designate the CIA and the US Army as "terrorist organizations," a largely symbolic response to a US Senate resolution seeking a similar designation for Iran's Revolutionary Guards.

2007 Sep 29
In southeastern Turkey Kurdish rebels ambushed a minibus carrying pro-government village guards and civilians and killed 12 people.

2007 Sep 29
Egypt's government and the striking workers in Mahalla el-Kobra announced a deal ending the textile worker's strike after officials agreed to demands for three months' worth of profit-sharing bonuses.

2007 Sep 30
Scores of Palestinian militants who had been stranded in Egypt since Hamas seized Gaza in June returned to the territory.

2007 Sep 30
A volcanic explosion rocked Yemen's tiny Jabal al-Tair island in the Red Sea, spewing lava and ash hundreds of feet into the air and forcing Yemeni authorities to evacuate a military base. 8 soldiers were missing.
September 2007
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Comments (6)

Fundamental errors
Posted by James, Dubai, UAE on 26 January 2008 at 12:49 UAE time

Try - sent the US dollar to a 17 year LOW, not high. And the Ruppee is worth far MORE than it was 12 months ago.

By the way being proud of the chaos that ensued following your stroy on the dollar depeg is nothing to be proud of, if that what your implying happened.

HSBC and other major banks were profiteering in the aftermath buying dollars at 3.40 and selling at 3.69? Best of both worlds for them? Or just covering themselves? But a disaster for everyday businesses and people who were stuck with dollars and debts in dirhams... all on the back of mere speculation - go the market economy?!?. The banking industry - along with Arabian Business should be ashamed.
Review 2007
Posted by N. A. Mirza, Jeddah, Saudi Arabia on 31 December 2007 at 17:39 UAE time

Looks sound and indeed worth preserving. December Timeline should have stories on the most peaceful and accident free Haj, BJP's history-making victory in India's western state of Gujrat and above all assassination of Benazir Bhutto. An analysis on King Abdullah's sincere peace efforts was a must.

Editor's reply: December's timeline will be updated with the happenings of the last two weeks of December shortly.
BEST AND WORST NEWS OF 2007!
Posted by RAJENDRA ANEJA, DUBAI, UAE on 27 December 2007 at 11:50 UAE time

Best news:

1. Some peace in Iraq and refugee return.
2. More focus on climate
3. Dialogue between Bush, Putin
4. No war with Iran
5. Talks between Israel, Palesine
6. Shakira going to study at a university


Worst news:

1. Continuation of world poverty
2. No cure for Aids, cancer
3. Human rights violations and beating of monk in Burma
4. Inflation across the word, including Gulf.
5. Instability in India, Pakistan.
6. I have not become a movie-star (the pay is better, than that in management).
REVIEW 2007: PROFITS AND SOUL
Posted by RAJENDRA ANEJA, DUBAI, UAE on 26 December 2007 at 17:04 UAE time

The review writtn by Mr James Bennett, is sound, pithy and covers all key issues. Congratulations for this excellent encapsulation.

I hope 2008, will be a more enlightened year for the Gulf and for all of us. Let us hope, we realise that money is important, but without good HR practices, there can be no profits in the long run.

And as the Bible preaches, "What does it profit a man to gain the whole world, at the loss of his own soul."
Brilliant
Posted by Frank Dane, Dubai, United Arab Emirates on 26 December 2007 at 11:26 UAE time

That is one of the best Year in Reviews I have seen. Really polished - especially on the later months - October to December. I love it. Thank you - another great reference site, and hugely entertaining as well.
Pressure mounts on last female minister to quit
Posted by Adam, Kuwait, Kuwait on 25 December 2007 at 08:53 UAE time

The Kuwait government needs to get a life.. The men in parliament cannot handle a women minister. I admire her and for what she is doing and putting all these silly men to shame.. Wake up guys...
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Gitex 2009