British Reporter

WORLD

Israeli army pulls out of Gaza, over 115 dead – local radio

The FINANCIAL -- GAZA STRIP, The Israeli military concluded a ground offensive in northern Gaza on March 3 that left at least 118 people dead and jeopardized U.S.-backed peace talks with the Palestinians, local radio said.

by The FINANCIAL

March 3, 2008

1 min read

Markets

Small Caps Down Under’ Promotion in the US

The FINANCIAL -- The Australian Securities Exchange (ASX), in association with global investment banks, brokers and industry associations, is holding an event to showcase some of Australia’s leading small and mid-cap companies to investment managers in the United States.

by The FINANCIAL

March 3, 2008

1 min read

Georgia

Detained Journalist Treated Well in Abkhazia – Georgian Minister

The FINANCIAL -- According to Civil Georgia, journalist Malkhaz Basilaia, held in custody in Abkhazia, has no signs of physical abuse and is treated well, Temur Iakobashvili, the Georgian state minister for reintegration, said on March 3.

by The FINANCIAL

March 3, 2008

1 min read

Markets

Asian markets fall, while China advances

The FINANCIAL -- According to Gulfnews, most Asian markets fell on March 3 as investors reacted to a steep decline on Wall Street on February 29 after disappointing economic and corporate news reignited worries about a US recession.

by The FINANCIAL

March 3, 2008

1 min read

Tech

Dubai plans to set up tech institute

The FINANCIAL -- According to Gulfnews, Dubai is setting up a technology institute in TechnoPark, an industrial area under Dubai World Economic Zones World, to work on research and development (R&D) projects focused on commercial applications.

by The FINANCIAL

March 3, 2008

2 mins read

BANKS

Investment bank Shuaa Capital appoints deputy CEO

The FINANCIAL -- According to Gulfnews, Dubai-based Shuaa Capital investment bank said it created the position of deputy chief executive officer, promoting Kerim Mitri to the role as it expands in the Gulf.

by The FINANCIAL

March 3, 2008

1 min read

BANKS

Noor Financial eyes stake in Egypt bank

The FINANCIAL -- According to Gulfnews, Kuwait's Noor Financial Investment Co said yesterday it was in talks with potential banking partners about bidding for Egypt's Banque du Caire, which the Egyptian government is looking to sell.

by The FINANCIAL

March 3, 2008

1 min read

BANKS

Gulf banks take $1.5b subprime hit

The FINANCIAL -- According to Gulfnews, Arab Banking Corp., Gulf Investment Corp. and Gulf International Bank BSC wrote down a combined $1.5 billion of losses from the subprime crisis, Middle East Economic Digest reported, without saying where it got the information.

by The FINANCIAL

March 3, 2008

1 min read

Travel News

Mideast tops air passenger traffic growth

The FINANCIAL -- According to Gulfnews, the Middle East Region continued to show double digit growth in air passenger traffic, according to a senior official of Oman Air.

by The FINANCIAL

March 3, 2008

1 min read

Travel News

Dubai airport will have a new wing this month

The FINANCIAL -- According to Gulfnews, Dnata's operations at Dubai International Airport's Terminal 2 are set to increase dramatically with the opening of a 37,000 square feet extension, scheduled for the end of March. This extension will increase the airport's surface area

by The FINANCIAL

March 3, 2008

1 min read