Wednesday, August 13, 2014

UAE Emerging On Yellow BRIC Road

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Finance and Economy
UAE emerging onto yellow BRIC road
Seeing no immediate resolution to the Ukrainian crisis, the United States and the European Union toughen up their position on Russia. In their effort to enforce sanctions on the Russian state and economy, the West's position is directly targeting Russia's banking, defence and energy sectors. This will undoubtedly rattle the entire global economy in the coming months, considering Russia's energy strength
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Greater awareness lifts Halal F&B industry to $1.1 trillion

The Halal food and beverages industry has grown to $1.1 trillion in 2013, a study by Reuters and Dinar Standard has found. With an annual growth rate of 6.9 per cent...
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Egypt to expand Suez Canal amidst internal and regional tensions
The Egyptian government announces a plan to build a new Suez Canal, parallel to the existing 145-year-old passage connecting the Mediterranean and Red Seas.
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A new dawn for Saudi market, scepticism on Dubai

Saudi Arabia announces plans to open its bourse to foreigners leading experts to expect a bullish response from investors. Following last month's news that the Tadawul...
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Real Estate
GCC focus on infrastructure up by 78 per cent in 2014
Infrastructure projects across the GCC rise to $86 billion this year with Saudi Arabia and Qatar dominating the share.The figures by construction intelligence firm Ventures Onsite indicate that developments this year will represent a rise of nearly 78 per cent on 2013, with each GCC state showing...
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Energy
Saudi's efforts to diversify economy showing best results in 2 years
Saudi's non-oil industries have achieved their highest result since 2012, a survey showed on Tuesday. On Monday, AMEInfo reported that Saudi's decision to open up its stock market to foreign investors has been met with enthusiasm from investment managers, whereby two thirds of market leaders expressed
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Telecoms
Etisalat Misr plans $500 million IPO
Etisalat Misr, one of Egypt's largest mobile telecom companies, is in talks with investment banks in order to execute the country's biggest initial public offering in almost five years. According to sources, various unnamed banks…
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Saudi Telecom profits up 74.35 per cent
Saudi Telecom reports a 74.35 per cent year-on-year increase in profits for H1 2014, reaching $1.4 billion. More remarkably, its performance in Q2 was 96 per cent higher than its figures for the same period in 2013. Reasons for this include: a non-recurring and non-cash charge...
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Transport And Tourism
Etihad-Alitalia deal paves the way for fresh UAE-Italy economic ties
Etihad's recent 49 per cent acquisition of Alitalia is set to open an opportunity for fresh economic relations between the UAE and Italy. On Thursday (August 7), a day before both airlines...
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Alitalia €1.8bn deal completes Etihad's equity alliance for 2014
Etihad have add to its equity alliance strategy by acquiring a 49 per cent stake in Italian carrier Alitalia, it was confirmed on Saturday. In a deal valued just under €1.8 billion, the Abu Dhabi airline...
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