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Friday 10 December 2004 (27 Shawwal 1425)

Dubai’s Real Estate Sector Attracts Massive Investment


 
JEDDAH, 10 December 2004 — The real estate sector in the UAE saw an unprecedented growth in the 90s, attracting most of the liquidity in the market. This marked a big change especially in Dubai, where... Full Story


Dubai Ports Buys CSX Terminal Business

DUBAI, 10 December 2004 — Dubai Ports International (DPI), a leading world port operator, said yesterday it had acquired the international terminal business of CSX World Terminals (CSXWT) for $1.15... Full Story


OPEC Warns Oil Supply Cuts Needed for 2005

CAIRO, 10 December 2004 — OPEC oil producers said yesterday that today’s ministerial meeting would rein in oversupply to bolster falling prices and that the organization would have to reduce output... Full Story




Saudi Shares Dive 5.7%

RIYADH, 10 December 2004 — Saudi Shares fell sharply in the week to Thursday, dropping 5.7 percent after a slip in world oil prices. The all-share index of the largest Arab bourse settled at... Full Story


US, Jordan Sign Agreement

AMMAN, 10 December 2004 — The governments of Jordan and the United States yesterday signed a Customs Mutual Assistance Agreement (CMAA) designed to assist the two countries in improving the flow of... Full Story


KIPCO Clinches $100m Loan Facility

DUBAI, 10 December 2004 — Kuwait Projects Company announced yesterday it has successfully closed its first syndicated term loan facility oversubscribed at $100 million, almost double its original figure.... Full Story


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