Bahrain, Kuwait, K.S.A. and Qatar Sign a Monetary Union Treaty Sunday, 07 June 2009 Four countries of the Gulf Cooperation Council have signed a treaty for a monetary union Sunday June 7th in Riyadh. This treaty comes despite the sudden retreat of the U.A.E. from the Monetary Union Project seeking to create a unique currency to be used in the Council's countries.   THE G7 AGAINST PROTECTIONIST POLICIES Saturday, 14 February 2009 Finance Ministers of the G7 met Saturday, February 14th in Rome to discuss the global economic crisis. The meeting's main issues were the stabilization of the financial markets, but also the struggle against protectionism, representing a new barrier to the global development, according to a press release.   Dubai : Prices going down after the 2008 Boom Monday, 19 January 2009 Shuaa Capital has said that real estate prices in Dubai may be dwindling down to 60% of the record level of July 2008, Abu Dhabi prices could get down by 20%.   Qatar Airways will purchase 200 planes next four years Monday, 19 January 2009 The Qatari air company will invest US$ 40bn. seeking to cover 120 destinations The Executive Vice President of Qatar Airways, Ali Al-Riss, said that the company is applying a new business strategy seeking to a total of 120 destinations worldwide before the end of 2012.   Revenues of Intel fall by 23 percent Thursday, 08 January 2009 The microprocessor industry leader Intel has published its preliminary results for the fourth quarter 2008. Preliminary results are lower than expected, even lower than reviewed expectations of November, getting Intel shares down by 6% on the Nasdaq earlier in the meeting   UK: Marks & Spencer removes 1230 jobs Wednesday, 07 January 2009 After a hard year of 2008 and the deceiving results in the yearly sales report with a downfall of 7.1% in the United Kingdom during the last quarter ’08, Marks & Spencer has decided to take some measures in order to reduce group’s expenses.   Oil prices go down Tuesday after several days on the rise Wednesday, 07 January 2009 Tension in the Middle East and Russia gas supply perturbation made the prices on the rise for several days Oil prices have gone down Tuesday in New York after having temporarily exceeded the US$50 level.   MERCEDES-BENZ INTRODUCES THE NEW CLS GRAND EDITION Saturday, 03 January 2009 Mercedes-Benz announced Friday January 2nd the introduction of the new CLS Grand Edition special-edition model. The model comes with an eye-catching design, with a new “ designo magno platinum” color, and a bouquet of new features...   EU : CAC 40 CLOSES THE FIRST DAY 4 PERCENT UP Saturday, 03 January 2009 Good news from Paris, the CAC 40 closed the first day of 2009 4.09% up at 3,349.69 points. The market was not so active, 1.8 billion Euro have been exchanged, as most of the operators were still in holidays...   A HARD WEEK TO FINISH A HARD YEAR Tuesday, 23 December 2008 The Lehman affair, the Madoff scam, the Global Crisis,... a year full of crashes is hardly going away. The economic recession (or let's say the beginning of) will undoubtedly mark this year of 2008 in history. This last week continues showing more signs, even with the many steps governments are taking in order to contain the crisis.

THE G7 AGAINST PROTECTIONIST POLICIES

Finance Ministers of the G7 met Saturday, February 14th in Rome to discuss the global economic crisis. The meeting's main issues were the stabilization of the financial markets, but also the struggle against protectionism, representing a new barrier to the global development, according to a press release. Giulio Tremonti, the Italian Minister of Economy, promised that the G7 will engage in creating new rules to reestablish the World's economic stability, the “Legal Standards”. These rules won't be limited to the financial markets according to the minister, and will be discussed in the incoming G20 taking place in London, in April, then in the G8 presidents' meeting in July... READ MORE

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