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Oil hits 2008 low

ameinfo.com
11-Oct-2008
        
Story Timeline:  54 days

Oil prices dropped to their lowest this year yesterday, as fears of a global recession continued to bite. Crude fell to $78, and was down 17% across the week on the New York Mercantile Exchange. This was its biggest dip in a... [read full story]                    

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UAE operators can drop prices

 ameinfo.com 13-Oct-2008
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Iraq favours state-run oil bidders

 ameinfo.com 11-Oct-2008
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UAE operators can drop prices

ameinfo.com
13-Oct-2008
        

The UAE Telecom Regulatory Authority (TRA) has announced that telco providers will be now be allowed to drop prices in order to increase competition. The TRA has undergone a review and update of its procedures that will enable...

Expats sending children home

ameinfo.com
13-Oct-2008
        

The Dubai Chamber of Commerce and Industry has mentioned in a report that there are unusually low amounts of Dubai residents aged between 10 and 19 in the emirate. The report said that this was due to the increases in school...

QIB launches e-banking

ameinfo.com
13-Oct-2008
        

Qatar Islamic Bank has launched internet banking services for all its personal banking customers. A similar service for corporate customers is expected to be unveiled soon. Customers will be able to transfer money, pay...

Oil rises on bank rescue plan

ameinfo.com
13-Oct-2008
        

Crude oil for November delivery rose after world governments unveiled plans to shore up their economies, according to Bloomberg. Crude rose 4.3% to $81.07 a barrel on the New York Mercantile Exchange.

UAE guarantees savings

ameinfo.com
13-Oct-2008
        

The UAE cabinet has approved a raft of regulations to oversee financial security, including the guaranteeing of investors' deposits and savings and lending operations between banks in the UAE. The measures will only cover...

DFM down over 5%

ameinfo.com
12-Oct-2008
        

The Dubai Financial Market has fallen by a further 5.41%. Only two stocks rose, with Emaar falling 10% to Dhs5.13. The Abu Dhabi Securities Exchange fell 2.31%, with only the consumer sector showing an increase.

Singapore-Riyadh route launched

ameinfo.com
12-Oct-2008
        

Singapore Airlines has launched a service to Riyadh that will run four times a week via Dubai. The carrier will also maintain its service to Jeddah via Abu Dhabi. The new route is scheduled to begin operations from December 14.

Oil falls below $78

ameinfo.com
12-Oct-2008
        

Prices for crude oil November delivery have fallen 10% to $77.70 a barrel on the New York Mercantile Exchange, Bloomberg has reported. Oil dropped 17% of its value over the past week. All commodities are down amid fears that a...

Iraq favours state-run oil bidders

ameinfo.com
11-Oct-2008
        

Iraq is expected to award contracts to develop its oil reserves to state run companies. Forty-one national oil companies have been pre-qualified by Iraq, including Exxon Mobil, Royal Dutch Shell, BP and China National...