Tuesday, January 27, 2015

Egypt eyes more oil production, Abu Dhabi house prices unchanged

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Energy
Egypt eyes more oil production to revive economy
As part of the Egyptian government's aim to move forward with gas exploration, it signed new agreements amounting to $97 million in oil and gas investments with top firms.
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Kuwait's crude oil exports to China increase 19.2 per cent
Kuwaiti General Administration of Customs says that figure was the highest in any months of last year. Kuwait provided 10.62m tons (213,000bpd) to China in the full year 2014.
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Iran's gas condensates exports hit $8.6 billion

During The total value of Iran's gas condensates exports hit $8.65 billion, in the nine months of the calendar year (started March 21, 2014), a top official tells Islamic Republic News Agency (Irna).
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Finance and Economy
Middle Eastern M&As reach $22.7 billion in Q4 2014
Qatar topped the rank of Middle Eastern outbound M&A activity with 65 per cent of overseas acquisitions, according to Thomson Reuters' data.
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Egypt to drop Iraqi debt in exchange for oil shares
Iraq has reached an agreement to pay its debt owed to Egypt in oil shares, Al-Monitor reports citing an Egyptian government official.
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Real Estate
New regulation to improve Bahrain's real estate market
Bahrain plans to introduce new obligatory tenancy registration procedures early next month, says international real estate consultant Cluttons. 
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Abu Dhabi house prices unchanged in last quarter of 2014
According to property broker JLL, it was the first time no price increase was recorded since the first quarter of 2013.
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     News
GCC family businesses to raise women's role
Family businesses in the GCC are looking to increase the number of women in senior management positions to emulate the success of their global counterparts, says a new study.
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As Obama arrives, Saudi shares surge
As the US president arrives in Riyadh, the Tadawul All-Share Index TASI advanced 2.43 per cent on Tuesday, January 27, to reach a one-month high at 8,686.16 points.
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