Wednesday, November 19, 2014

UAE-UK Bilateral Trade Hits AED72 Billion

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FInance and Economy
UAE-UK bilateral trade hits AED72 billion
Bilateral trade between the UAE and the UK reached AED72 billion in 2013, figures released by the UK's Office of National Statistics reveal.
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DP World strikes $2.6 billion free zone deal, eyes LSE delisting
DP World is seeking shareholder approval to delist from the London Stock Exchange (LSE). The company has also confirmed the $2.6bn acquisition of Economic Zones World (EZW).
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Iran's non-oil exports increase by 28 per cent

Iran's non-oil exports have surged by 28 per cent since the Persian new year (March 21), Fars News Agency (FNA) reports.
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Sharjah Chamber expecting growth

Forty per cent of all consumers in Sharjah would choose to buy products or services made in the emirate if they had the right information.
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Energy
Oil prices could fall to $50 says Kuwaiti expert
World oil prices will keep falling, possibly down to $50 a barrel, unless the overall global economic situation improves, says Khaled Bodi, chief of a Kuwait-based consulting centre.

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Technology
IT spending in Mena to hit $243 billion

Countries in the Mena region will spend $243 billion – 5.6 per cent of the global IT spending – by 2018, a report from Gartner reveals.
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GCC telecom companies' earnings rise by 7.92 per cent
Eleven GCC-based telecom companies achieved $7.28 billion combined earnings for the first nine months of financial year 2014 (FY14), a report from Mubasher statistics reveals.
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