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BP in $900m Libya gas deal; Dubai World Central contracts worth $1.6bn



Title: ArabianBusiness.com Daily E-mail
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Wednesday, 30 May 2007

BP in $900m Libya gas deal
The British firm returns to Libya after a 30 year break in a natural gas exploration deal.


Dubai World Central contracts worth $1.6bn
Tenders worth $1.6bn have been awarded for work on the Jebel Ali airport since the project's launch.


Qatar plans international financial standards
Ministry of Finance hopes single regulatory body will make Qatar more attractive to foreign investment.


Dubai Islamic launches $47m US fund
DIB's Sharia-compliant fund invests in eight retail properties in the United States.


Saudi Electricity seeks Aramco help
Utility needs Aramco to invest in more gas exploration and fuel pipelines to avoid power cuts this summer.


Mashreqbank denies Alwatany bid speculation
Dubai lender says it is not considering bidding for Egypt's Alwatany Bank.


Kuwait eases pressure on money market
Kuwait is allowing banks to reinvest some funds in short term certificates as they mature.


Saudi targets travellers in dirty money fight
Travellers to the kingdom will be required to declare cash and jewellery worth more than $16,000.





Dubai shows Hong Kong path to sustainability
Two universities to discuss ongoing research into sustainable development and how it affects construction in the region.


Al Habtoor looks to raise build quality
Construction firm launches guide aimed at standardising the MEP installations on its projects.


Innovation award for solar firm
Solar waterproof membrane singled out for product innovation at Construmat Barcelona Awards.




Honeywell wins $2.9m Sabic deal
The US manufacturer will provide technology to a subsidiary of the Saudi petrochemicals giant.




WHO urges public smoking ban
The health agency's move comes days before World No Tobacco Day.




Motorola finishes Qatar deployment
Telecoms infrastructure provider installs radio technology at transportation firm.


Saudi to transform telecoms sector
Cabinet approves plan to boost the country's telecom and IT industries.




Emirates tourism boost for S. Korea
The Korean tourist authority expects to double its traffic from the UAE by 2010.


First JW for Abu Dhabi
Marriott International joins forces with Abu Dhabi National Hotels for new property.


Tamani's travelling targets
Newly launched hotel company explains expansion plans.


Big RevPAR growth for Middle East hotels
HotelBenchmark Survey shows hoteliers in Muscat and Abu Dhabi are up 60% in Q1.


Getting into the swing of things
Next month sees the inaugural Hotelier Middle East Golf Day, sponsored by Al Aqili and hosted in association with The Hotel Show.




JOIN THE DEBATE

  1. Iran to help the Gulf go nuclear
    liza: nuclear energy »
    29 May '07 at 22:03
  2. Restrictions to cause delays at DXB
    Gloria: Delays »
    29 May '07 at 19:09
  3. India and GCC differ on trade talks
    Jagannatha: Rotten attitude »
    29 May '07 at 18:58
  4. UAE to lift ban on cheap web calls
    Eva Lambert: Skype »
    29 May '07 at 18:04
  5. Foreign investments hit $660mn
    Editor, ArabianBusiness.com: CORRECTION »
    29 May '07 at 17:18
  6. New metro line to link Dubai airports
    Editor, ArabianBusiness.com: CORRECTION »
    29 May '07 at 17:06
  7. Dubai police criticise road toll plans
    Al Parsons: Road Toll Plans »
    29 May '07 at 16:54
  8. Dubai rents among world's priciest
    Buddhadeb Mookerjee: DUBAI RENTS »
    29 May '07 at 16:12
  9. ATM floorplan to be reviewed again
    leo fewtrell: atm »
    29 May '07 at 12:00
  10. Make insurance mandatory
    Hombil: Make insurance mandatory »
    29 May '07 at 10:00
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