Tuesday, April 14, 2015

Foreign investments in Saudi Arabia surge to SAR25 billion, Gold market returning to stability

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Finance and Economy
Foreign investments in Saudi Arabia surge to SAR25 billion
The official figure reveals the huge economic activity as well as investment opportunities in the region.
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Wealth funds increase assets despite falling oil
Alternative assets industry data collector reveals reasons behind the growth of sovereign wealth funds worldwide.
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Gold market returning to stability: Survey
The yellow metal will experience a further slippage towards $1,100/ounce during 2015, before rising towards year-end
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Energy
Oman's PDO says to lift oil output 5 pct in four years
PDO's planned average output for this year is 570,000 bpd, although it exceeded that amount in the first two months of the year.
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Total pulls out of Oman exploration block
French oil and gas giant Total has pulled out of a deepwater block in offshore Oman after failing to make commercially attractive discoveries.
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Qatar's GIS says oil price fall hits rig business
Decline in oil prices has affected one of the subsidiary firms of Qatari drilling rig provider Gulf International Services.
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Real Estate
Cayan Group announces three mega projects
Financing of one project, which costs around AED700–800 million, will be provided through a fund managed by Shuaa Capital.
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Dubai housing prices fall slightly in Q1 -JLL
Dubai's real estate sector has been among the most volatile globally over the past decade, swinging from boom to bust to boom again.
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     News
Nakheel welcomes Dubai Metro extension
RTA's Route 2020 project a 'major boost' for Nakheel communities, says the property developer.
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Red Sea housing appoints new CFO
Prabhakar Kesavan to oversee company's industrial and affordable housing and building materials platforms.
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Chestertons to unveil Mount Anvil project
The international property agency will be unveiling an AED3.4 billion London based project to Dubai investors.
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Dubai records highest growth of foreign tourists
Dubai was among the world's top destinations for foreign tourists in 2014, receiving 11.6 million tourists.
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