Riyadh Seeks Minimum Wage For Saudis

Saudi Arabia plans to set minimum wage guidelines for Saudi nationals, but but not for the millions of foreign workers in the Gulf oil powerhouse, the labour ministry said on Tuesday. AFP - 02Dec 13:08GMT
TAQA Acquires North Sea Assets From Shell, Esso

The Abu Dhabi National Energy Company PJSC (TAQA) announced today that its wholly owned subsidiary, TAQA Bratani Limited, has completed its $631 million acquisition of seven oil fields from Shell U.K. Limited and Esso Exploration and Production Limited. Press Release - 02Dec 10:53GMT

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Research

Jordan Telecom Group (JTEL)
Jordan Investment Trust Plc. - 01 Dec 2008

JordInvest issues a HOLD recommendation on JTEL with a target price of JOD 5.62, representing a 8.7% upside potential to the current market price of JOD 5.17. The company achieved Q3-08 net profit of JOD 77.3 million. The stock is currently trading at a PE of 12.54x.

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Projects

Name	Oman RAEC - Duqm Power Station - Phase 4
Country	Oman
Value	USD 60,000,000 (estimated)
Industry	Power and Water \| Power Transmission & Distribution, Substation
Status	EPC - Bid Submission
Completion	2009
The bids for phase 4 were submitted on December 1st and the award is expected in Q1 2009.
» View Full DetailsUpdated: 01Dec08

Companies

Fit for a King

Established by the Kingdom Holding Company in 1995, Kingdom City is a residential compound consisting of 333 units that accommodate 80,000 residents and 250,000 visitors. Kingdom City also offers heath, sports and recreational facilities.

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This month's FREE sample pick...
Company: Aramex

Video

Aramco To Freeze Dammam Field Project

Arabic language (0:28)
Sources confirm Saudi ARAMCO's intention to put on hold plans for Al Dammam field - 01Dec

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Funds

Supported by

Leading Fund

Fund	Vision Emerging Oman Fund
Geographic Focus	Oman
Fund Manager	Vision Investment Services Company
NAV	0.94 OMR \| 30Nov08
YTD Returns	- 28.95%
Vision Emerging Oman Fund is the leading fund in Oman on the Funds Monitor in terms of 1-Month returns.
» View Full Details

Radio

Nakheel Cuts Staff & Projects

Ryan Mahoney, MD of Betterhomes talks about the likely impact from Nakheel's decision to cut staff and slow down projects.
Dubai Eye - 01 Dec 2008

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Stories

Most read stories by Community in the last 24 hrs

1	Bursting Bubble
2	Abu Dhabi Eyes Stake In Emirates For Bailout Cash
3	Living the high life in 'new Dubai'
4	Mega Projects In Dubai Likely To Face Some Delays
5	Layoffs Mount In Dubai; Nakheel Cuts 500 Jobs
6	Salary Increases To Fall To 9% in GCC
7	Dubai Property Giant Sacks 500 As Crisis Bites
8	No driver's licence for 100 categories of UAE workers
9	Outstripping Supply?
10	Kuwait Revalued JV With Dow Chemicals Down By $4B

Companies

Most viewed companies by Community in the last 24 hrs

Company Name	Country	Industry
Aabar Investments	UAE	Investment Firms and Funds
Nakheel	UAE	Landlords and Developers
Saudi Binladin Group	Saudi Arabia	Construction and Design
Abu Dhabi Investment Council	UAE	Investment Firms and Funds
Consolidated Contractors Company	Overseas	Construction and Design
Qatari Diar Real Estate Investment Company	Qatar	Landlords and Developers
Qatar Investment Authority	Qatar	Investment Firms and Funds
Abu Dhabi Investment Authority	UAE	Investment Firms and Funds
Dubai Islamic Bank	UAE	Banking
Barwa Real Estate Company	Qatar	Landlords and Developers

Posted on 02Dec
Comments

Deflated figures

“I'm pretty sure those are just deflated figures from developers... actual figures are 30% to 60% higher. This is just the first round of layoffs and very soon many others will lose jobs as the credit crunch sinks deeper into the economy.”

Noaman Al Sardi on Restructuring likely in real estate sector

Projects

Most viewed projects by Community in the last 24 hrs

Project Name	Country	Sector
Dubai RTA - Dubai Metro - Purple Line	UAE	Infrastructure
Emirates Aluminium (EMAL) - Smelter Complex	UAE	Industry
Qatar Foundation - Sidra Hospital	Qatar	Real Estate
IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP)	UAE	Oil and Gas
KNPC - Al Zour Refinery	Kuwait	Oil and Gas
Qatalum Aluminum Smelter	Qatar	Industry
Abu Dhabi Municipality - Salam Street and Mina Road Development	UAE	Infrastructure
Ras Tanura Integrated Refinery and Petrochemicals Complex	Saudi Arabia	Oil and Gas
Nakheel - Dubai Waterfront	UAE	Real Estate
ADCO - SAS Field Development	UAE	Oil and Gas

Blogs

Most read blogs by Community in the last 24 hrs

1	How Does the Current US Recession Size Up?
2	A SWOT Analysis On Real Estate
3	It's not enough for Muslims to be revolted by terror
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5	No proxy for GCC single currency

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As mature tourism markets in the West are starting to feel the pinch of the global economic slowdown, Abu Dhabi's sector remains resilient and even pushes forward with increasing room capacity.

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Hopec
In response to the collapsing oil price, members of the OPEC have resolved to do nothing.

Economy & Politics
Peace Initiative
Why is the Arab peace plan, which was still-o in 2002, receiving sudden attention these days?

the Third Annual GPCA Forum
03-04 December, 2008 - Dubai, UAE

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Posted on 02Dec Comments

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Posted on 02Dec
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