Wednesday, April 8, 2015

Qatar's economy delivers strong performance, DIB positive on UAE banking industry

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Finance and Economy
Qatar's economy delivers strong performance
The non-oil sector will contribute to about 68.5 per cent of the nominal gross domestic product by 2017.
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VIDEO: DIB positive on UAE banking industry
Dr. Adnan Chilwan, CEO, Dubai Islamic Bank (DIB) is positive about the banking industry in the United Arab Emirates.
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Gulf Capital receives "Firm of the Year" award
The Private Equity International long-standing awards are based on a unique industry poll and recognise those firms whose effort and ingenuity drive the sector.
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Energy
Oil up more than $1 after Saudi's Asia price hike
Saudi Arabia raised prices for crude sales to Asia for a second month, signalling better demand in the region.
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World's first solar VRF air-conditioners in UAE
GREE introduces the revolutionary product that will work in sync with the "Shams Dubai" smart initiative launched by DEWA.
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Egyptian government releases solar report
Favourable policies and a regulatory framework are mended to help make solar energy a true alternate large-scale source of Egypt's energy mix.
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Real Estate
Damac considers London tower investment
The second biggest Dubai developer by market value has projects in the United Arab Emirates, Qatar, Saudi Arabia, Jordan and Lebanon.
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Dukelease looks at Middle Eastern investors
UK-based property development company, eyes investors from the Middle East for its luxury apartment project, Hop House.
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     News
IMF endorses Islamic finance, warns it must be implemented better
The International Monetary Fund endorses principles of Islamic finance, saying it could prove safer than conventional finance.
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Emirates SkyCargo expands its Asia Pacific network
The freight division of Emirates, will soon be adding the popular Indonesian Island of Bali to its Asia Pacific network.
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Qatar Islamic Bank's ratings affirmed on 'stable' outlook
Based on Qatari government's balance sheet, CI affirms QIB's Financial Strength Rating (FSR) 'stable' outlook.
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Capital Club Bahrain launches Happometer
The Kingdom's premier private city club, introduces a cloud platform aimed at optimizing members' feedback on-the-spot.
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