Wednesday, May 20, 2015

Qatar Petroleum to restructure in wake of oil price fall, Etisalat gets bullish on SMEs in the UAE

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Finance and Economy
Qatari banks' securities investment abroad hit QR21.8 billion
Loans and financing of the private sector also increased to QR360.7bn by the end of March 2015.
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UAE insurance investments hit AED40bn in 2014
Islamic insurance (Takaful) sector faces major challenges including profitability and the lack of innovative products.
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Egypt devises strategy to double exports
The government has devised a strategy to double the country's exports to $42 billion by 2018-2019, an Egyptian minister announces.
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Energy
Qatar Petroleum to restructure in wake of oil price fall
State-owned Qatar Petroleum will announce a restructuring plan soon to adapt to the drop in oil prices.
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Saudi consumes 458 mn barrels of fuel in 2014
Saudi Arabia's local consumption of fuel (gas and diesel) reached 458.4 million barrels in 2014, a new report reveals.
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Kirkuk oilfields exports 300,000 bpd of crude oil
The Iraqi North Oil Company announces the resumption of oil exports from Kirkuk fields to the Turkish port of Ceyhan.
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Real Estate
Oman real estate deals shoot up by 68 per cent
The value of real estate deals in Oman during the first four months of the current year shot up by 68 per cent, totalling OMR1.63 billion, government statistics show.
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Amlak Finance launches 'Istithmari'
The real estate financier's new product offers comprehensive 'one-stop-shop' solution for property investors.
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     News
UAE's Waha Capital to invest up to $1.08 bln by 2020
Investment firm eyes sectors with high growth potential such as energy, infrastructure and healthcare.
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Etisalat gets bullish on SMEs in the UAE
The telecom major has been focusing on spinning its services for SMEs based on the three most important factors.
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Alibaba's cloud computing unit to establish in Dubai
The new deal may bolster the UAE emirate's efforts to develop as a technology centre for the region.
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Emirates can use European hubs to expand in Americas
Emirates airline could expand its route network by using European hubs to fly into North and South American cities.
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