Wednesday, September 16, 2015

Investors optimistic over capital flows to major GCC markets: Study

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Finance and Economy
Investors optimistic over capital flows to major GCC markets: Study
Investor sentiment about the direction of capital inflows to Saudi Arabia has shifted from negative last year to highly positive in 2015, with the opening of the country's stock exchange to foreign institutional investors in June.
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Turkey to grow into global financial hub with help of Dubai investors
Turkish real estate companies have been making their presence felt more and more in the GCC, specifically in Dubai, while Turkey is increasingly being seen as an attractive vacation spot by the population of the Middle East. 
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Dubai realty slowdown "not negative" despite sales decrease
Erik Volkers, senior consultant at CBRE Middle East explains that the market is slowly stabilising, but, "if we [had] continued with the double-digit growth, I think we would be heading [for] another boom, where things might've crashed again for us." 
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Energy
Iran exports more than 560 million litres of diesel to Iraq
Last month, the Iranian Oil Ministry revealed the opening of an office for NIOPDC in Iraq, adding that Iran is seeking to expand its engineering and technical services in the oil and gas industries field in neighbouring countries.
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ADNOC Distribution Extends Deadline for Regulating Sale of Subsidised LPG Cylinders
ADNOC Distribution has announced an additional extension of deadline for the sale of LPG cylinders in the emirate of Abu Dhabi through Rahal e-Gas cards to 30 September, 2015 .
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Kuwait launches first solar-powered gas station

Kuwait suffers from a shortage in the number of gas stations, which, due to the increasing number of vehicles, leads to an increase in the length of the parking period when filling fuel.
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Real Estate
VIDEO: Dubai property prices continue to fall in "positive" correction: Experts
Ibrahim Kahraman, chief financial officer at Siyahkalem, says that every city experiences market instability. He adds that the slowdown in Dubai's market is healthy and that the market will pick up soon.
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VIDEO: Phase 2 of Falcon Island to launch

"Phase one of Falcon Island has sold out and we are now launching phase two at Cityscape. [It] will include the exclusive beach and canal villas priced competitively from AED5.7m," Benoy Kurien, General Manager, Al Hamra Real Estate Development says.
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     News
VIDEO: Dubai sees new malls even as online shopping grows
Most recently, Majid Al Futtaim (MAF) opened its fourth mall, the City Centre Me'aisem, in Dubai and the company is also expanding its popular Mall of the Emirates. 
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Etisalat shares jump as stocks open up for foreign investors
Etisalat shares spiked on Tuesday (15 September), the first day the wireless company opened to foreign and institutional investors for trading.
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"Social-mix" project of AED3 million launched in preparation for Expo 2020
Deyaar recently announced the launch of the first phase of its mega Midtown development, with unit sales beginning after Cityscape.
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Tourism contribution to reach 5.7 per cent of GDP by 2020: Experts
400,000 jobs in the tourism sector iin KSA will be available during the next five years, according The Human Resources Development Fund.
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