TRADE-ARABIA BUSINESS NEWS

July 30, 2007 at 12:58 pm | Posted in Arabs, Economics, Financial, Globalization, Islam, Middle East, Research | Leave a comment

TradeArabia Business News

Update, Monday, July 30, 2007

Monday, July 30, 2007

Changing Kuwait’s currency peg from the dollar to a basket of currencies allows the exchange rate to track developments in global currency markets, the central bank governor said.

DAILY NEWSLETTER

HSBC says profits up 13pc, but bad debts jump

HSBC Holdings, Europe’s biggest bank, posted higher first-half profit and struck an upbeat tone on the global economy on Monday, despite a big rise in bad debts linked to its problems in the US housing market.

Kuwait says to track exchange markets

Changing Kuwait’s currency peg from the dollar to a basket of currencies allows the exchange rate to track developments in global currency markets, the central bank governor said.

Doosan to buy Ingersoll units for $4.9bn

US industrial conglomerate Ingersoll Rand has agreed to sell its Bobcat business and two other units to South Korea’s Doosan Infracore for cash proceeds of $4.9 billion, the two companies said.

More top stories

Oil prices ease below $77 on profit-taking

Robust growth for Bahrain banking sector

Jordan PM sacks two ministers

Aabar in $446 million deal to sell Dalma Energy

DI, Qatar firm in $20m glass venture

International Business News International News

Gold on defensive as funds nervous

Malaysia sees $51bn new investment

Doosan to buy Ingersoll units for $4.9bn

Japan’s Abe faces crucial poll test&

Brown stresses on strong ties with US

Stranded Palestinians to return to Gaza

Building and Construction

Turkish firm wins Amwaj Gate contract

$109m office tower work begins

60pc of Dubai Metro project complete

Travel, Tourism and Leisure

Etihad to fly daily to Johannesburg

ADNH net jumps 100pc to $71m

Airbus A380 lands in Abu Dhabi

Energy / Oil and Gas

Aabar in $446 million deal to sell Dalma Energy

Technip in $370m UAE gas deal

Moody’s upgrades Ras Laffan rating

Industry

DI, Qatar firm in $20m glass venture

Dubai to host major paper industry show

CPC to develop industrial zone in Egypt

Health

Mideast pharma market to hit $12bn by 2010

BinSina Pharmacy wins award

WHO report tackles children’s environmental health

Interiors

Jotun launches ‘Inspiration Centre’ in Bahrain

Smart homes ‘save money’

Hospitality sector ‘seeks modern designs’

IT and Telecommunications

Nokia N800 Internet Tablet launched in UAE

Link receives Microsoft honour

IronPort names new sales manager

Property and Real Estate

Survey to study impact of inflation on real estate

Tameer unveils $122.5m project

Tamweel Q2 profit tops forecast, loans surge

Banking & Finance

HSBC says profits up 13pc, but bad debts jump

BMB net income rises 233pc

Robust growth for Bahrain banking sector

Retail and Wholesale

Saudi Q2 gold demand up 17pc

Giordano unveils Junior Summer Collection

Al Bustan sales rise 40pc

Economy

Kuwait says to track exchange markets

ADDI unveils new strategic plan

UAE to import $14.75bn US goods

Media and Promotions

Sharjah to host Malaysian Servcies Expo

New PR venture to use blog power

Ajram stars in latest Farfasha commercial

Capital Market

Ahli United shares surge on takeover bid

Saudi investor could take MTC state in Sept

Kingdom’s shares to list on July 29

Motoring

Egypt firm to manage GM call centre

Ford Edge ‘drives into top position’

KIA unveils new Pro-cee’d

Shipping and Transport

Al Quoz DHL business grows by 25pc

Dubai Customs proposes global award

Rail Agency trains UAE students

Defence and Security

US plans $20bn arms sales to Gulf states

TenCate and Gimaex back FDIC Bahrain

India accepts six Hawk trainers

Environment and Water

UK firm wins Dubai Recycling Park deal

Nakheel, EHS to develop marine lab

Environment programme for children

Food and Catering

Prices of basic commodities jump in UAE

Moulinex adds new features to ‘Genuine’

Abu Dhabi warns restaurants on food safety

Government, Laws & Statutes

Jordan PM sacks two ministers

Bahrain amnesty to begin on Sept 1

Bahrain amnesty may be delayed

Education, HR and Training

UK school fees rise 41pc in five years

Mohammed Bin Rashid Establishment relocates HQ

PDI opens office in Abu Dhabi

Agriculture & Farming

World sugar output set to rise

Sri Lanka halts India poultry imports

India reports new case of bird flu

biznews_editor@list.tradearabia.com