Tuesday, Jul 03, 2012
The following is a list of top 10 business stories published by Zawya Dow Jones on Tuesday at 1330 GMT.
1.QATAR AIRWAYS INTERESTED IN LAUNCHING SAUDI REGISTERED AIRLINE
Qatar Airways on Tuesday expressed an interest in launching an airline registered in Saudi Arabia, but the carrier said it has concerns about excessive fuel charges and the Saudi government's policy of controlling domestic air fares.
By Tim Falconer
2.NEW SAUDI MORTGAGE RULES SEEN BOOSTING REAL-ESTATE SECTOR
Saudi Arabia's adoption of long-awaited legal guidelines for home loans should help develop the country's real-estate sector in the long-term but will have only a gradual impact on new housing construction, analysts said Tuesday.
By Ellen Knickmeyer
3.UAE'S FUJAIRAH BYPASS PIPELINE TO BE COMMISSIONED THIS MONTH -EXEC
A planned Gulf oil pipeline that will bypass the Strait of Hormuz is complete and will be commissioned this month, the chief executive of Abu Dhabi Marine Operating Co., or Adma-Opco, said on Tuesday.
By Summer Said
4.UAE'S ETISALAT NAMES AL SUWAIDI AS GROUP CHAIRMAN
As part of its latest senior management rejig, Emirates Telecommunications Corp. (ETISALAT.AD), or Etisalat, Tuesday named Eissa Mohamed Al Suwaidi as its new chairman, replacing the long serving Mohammed Hassan Omran, a move aimed at reenergizing the U.A.E.'s number one telco by subscribers.
By Shereen El Gazzar
5.UAE PMI EASES TO 3 MOS LOW IN JUNE ON SLOWER OUTPUT GROWTH - HSBC
Non-oil private sector business activity in the United Arab Emirates slightly eased to a three-month low in June, after surging to a 11-month high in May, due to slower growth in output, HSBC Holdings PLC (HBC) said Tuesday.
By Leila Hatoum
6.SAUDI BANKS, PROPERTY STOCKS RALLY ON MORTGAGE GUIDELINES CHEER
Shares of Saudi Arabian banks and real estate stocks rallied Tuesday as the adoption of long-awaited legal guidelines for home loans sparked a reassessment of the growth potential for both sectors in the kingdom.
By Nikhil Lohade
7.DUBAI'S GGICO REACHES DEBT RESTRUCTURING DEAL WITH CREDITORS
Dubai's Gulf General Investment Co. (GGICO.DFM), or GGICO, on Tuesday said it finalized a debt restructuring deal with its 25 creditors that includes extending the company's debt maturities.
By Nicolas Parasie
8.WSJ: GREAT HEIGHTS, LOW RETURNS
The Burj Khalifa, more than 60% taller than any other building in the world, has firmly established itself as an international landmark -- it even played a starring role in the latest "Mission Impossible" blockbuster.
By Tahani Karrar-Lewsley
9.UAE GAS DEMAND GROWING BY 15% ANNUALLY -GASCO CEO
Domestic gas demand in the United Arab Emirates is growing by around 15% annually, the chief executive officer of Abu Dhabi Gas Industries Ltd., or Gasco, said Tuesday.
By Summer Said
10.KUWAIT AGILITY WINS $238M DEAL FOR AUSTRALIA GORGON GAS PROJECT
Kuwait-based Agility (AGLTY.KW) said Tuesday it has won a new contract estimated to be worth $238 million to provide logistics support to the Gorgon natural gas project in Western Australia.
By Shikrallah Nakhoul
-By Dubai Bureau, Dow Jones Newswires; +9714 446-1686; email@example.com
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