Breaking Middle East Business News

Rural Report for Wednesday, December 9, 2009 09/12/2009 12:36:01 Meat and Wool New Zealand says the exchange rate and the global recovery from the recession will be the key drivers in farm gate profitability from here on in. Figures show...

AWB boss Andrew Lindberg, over the Iraq oil-for-food scandal. Mr Lindberg is already fighting claims he breached his duty as a director, because he knew or should have known about millions of dollars in kickbacks paid to the Iraq regime....

If this year’s increments had left you crestfallen, the coming year might bring back the spring in your step as Oman is expected to lead pay hikes in 2010. Based on estimates collected from companies, GulfTalent.com’s latest study forecasts an...

Dubai World caused further recriminations on global markets yesterday, when the emirate's finance minister conceded that the debt- riddled group would need longer than six months to unravel its complex borrowing arrangements. Abdulrahman al-Saleh said the conglomerate, which two weeks...

Tuesday, December 8, 2009 by Nasra Ismail for the BBC's Biodun Iginla Published: Dec. 8, 2009 at 1:57 PM Dubai ruler speaks out on debt concerns UAE on National Day eases Dubai concerns Dubai stable on central bank assurances The...

Other stock markets are falling as well but it would seem that this is for other reasons than the Dubai debacle. However as this article shows the markets there have not yet returned to anything like normal. This is from...

Green Mountain Coffee Roasters Inc. definitively agreed to acquire Diedrich Coffee Inc., the Irvine, Calif., coffee roaster for $35 a share cash, or $290 million. In statements, the companies said that Green Mountain paid Peet's Coffee & Tea Inc. a...

For 40 years, the North American electric system has operated as three loosely linked grids, but a new transmission company is aiming to unite them. That union, if consummated, could have strong implications for renewable energy. The company, Tres Amigas...

Omani officials are considering a new law that will address potential problems in the real estate industry arising as a result of the global financial crisis, according to the recent GCC real estate report by Global Investment House. “Proposed laws...