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HuaweiDUBAI — The inaugural forum on “Islamic Finance and Global Financial Stability,” which will be held in Khartoum in April 2010, will explore the scope of bolstering the framework of cooperation among Islamic financial institutions to address the new challenges posed by the global financial crisis.
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DUBAI — Project Management Group, or PMG, which specialises in project management, quantity surveying and cost management consultancy, has handed over the first phase of the Dh 1.1 billion Jumeirah Business Centre Towers, to its developers – Al Fajer Properties.
DUBAI — Dubai Financial Market, or DFM, has been honoured with the ‘Best Exchange for Investor Relations’ in the Middle East award during the inaugural ceremony of The Middle East Investor Relations Society, or MEIRS Awards.
DUBAI — Dubai Multi Commodities Centre Authority, or DMCCA, announced that Macsteel International, a subsidiary of global steel trading, distribution and shipping giant Macsteel Holdings Group, will begin operations from AG Tower as a DMCC-registered company, following awarding of its licence in 
October this year.
DUBAI — Diamond International Consolidators LLC and Bumiputra Manufacturers and Services Industry Association of Malaysia, through its wholly-owned Diamond Consolidators (M) Sdn Bhd, announced the launch of its ‘Taste of Malaysia Program’ and Malaysia Trading House. A memorandum of understanding to this effect was signed on Saturday by representatives of both organisations.
DUBAI - Moody’s Investors Service has revised its outlook for the global oil and gas industry to stable from negative, and forecast oil prices to average at $75 a barrel in 2010 as countries gradually recover from recession.
DUBAI - Luxury Swiss watch brand TAG Heuer has announced the opening of its first boutique in Abu Dhabi and the eighth in the Middle East at the Abu Dhabi Mall recently.
DOHA - Qatar’s inflation will keep well below last year’s record peak in 2009 despite breakneck economic growth and interest rates should remain stable, Central Bank deputy governor Shaikh Fahad bin Faisal Al Thani said.
DUBAI - Middle East crude oils fell on expectations of rising supplies and declining processing profits reducing demand. Oman crude for immediate loading fell 44 cents, or 0.6 per cent, to $78.89 a barrel.
DUBAI — Production on the Shukheir Bay-5 ST, in the Shukheir Bay Field of the Shuhkeir Marine Gulf of Suez concession, has been increased from 60 to 1600 barrels of oil per day from the Lower Rudeis sandstone.