Here is a list of the stories making news today on Bloomberg. We should be very concerned about the rising costs of oil, the buying of American companies, the rise of the cost of gold, and the lowering value of the American Dollar. Full exposure of the risks of sharia finance must be taught, and written about and any information that can be found about it should be publicized and discussed.

comments by Allyson Rowen Taylor

Middle East Stories in Newspapers Jan. 3: Oil Money, Duty Free Jan. 3 (Bloomberg) — Here is a list of stories about the Middle East from newspapers today:

`Middle East Oil Money’ May Buy Laser Tek, Daily News Reports

“Oil money” from the Middle East may acquire 50 percent of Laser Tek Taiwan Co., the Economic Daily News reported, without citing anyone.

Saudi Electricity Awards Contracts to Expand Supply, SPA Says

Saudi Electricity Co., the kingdom’s largest power generator, awarded four contracts valued at 169 million riyals ($45.1 million) to install transformer stations and expand supply, the state-owned Saudi Press Agency reported.

Ahli United to Open Joint Bank on Kish, Tehran Times Says

Bahrain’s Futures Bank, a joint initiative of Ahli United Bank and Iran’s Bank Melli and Bank Saderat, will open on the Iranian island of Kish, the Tehran Times reported, citing an Iranian official.

Saudi Arabia to Spend $16 Billion a Year on Health, Awsat Says

Saudi Arabia will spend 60 billion riyals ($16 billion) annually over the next 7 years on upgrading its health industry, Asharq al-Awsat reported, citing a health company official.

Dubai Duty Free Sales Rose 24% in 2007, Gulf News Reports

Dubai Duty Free sales at the emirate’s international airport rose 24 percent to 3.17 billion dirhams ($860 million) in 2007, Gulf News reported, without citing anyone.

Gulf Tourism Industry to Build 174 Hotels by 2011, 24/7 Says

The Middle East’s travel and tourism industry plans to build about 174 hotels over the next three years, the Dubai-based Business 24/7 reported, citing research by Fast Future and Global Futures and Foresight.

Kuwaiti Firms Sell Stakes Worth $5.66 Billion, Al-Qabas Says

Kuwait’s publicly traded companies sold stakes worth $5.66 billion last year, Al-Qabas reported without saying where it got the information.

Last Updated: January 3, 2008 01:27 ES

 

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