Wednesday, October 21, 2015

Second edition of Global Islamic Economy Summit held in Dubai

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Finance and Economy
VIDEO: GITEX Technology Week 2015 opens in Dubai
Organisers expect participation of 3,600 exhibiting brands from 62 countries and more than 130,000 professionals worldwide.
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Gulf states double their investments in Morocco in one year
The UAE's investments accounted for 44 per cent of Gulf states' investments in Morocco, followed by Saudi Arabia accounting for 38 per cent.
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Record increase in volume of UAE–Sweden trade exchange
The volume of trade exchange between the UAE and the Kingdom of Sweden increased by roughly 50 per cent to $1.8 billion from $1.2bn.
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Energy
4.9 million barrels of Saudi Arabia's daily crude output goes to Asia
Analysts stress that large Asian consumers, namely China and India, are still more important to producers such as Saudi Arabia.
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Kuwaiti authorities "still unaware of oil plunge impact"
Al-Shall Economic Consultants Company calls on government for more measures than than increasing fuel prices and slashing subsidies of aircraft fuel.
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Agreement signed for solar power plant in Saudi industrial city
Informed sources in the oil trade sector say that Kuwait's production stood at 2.90 million barrels per day (bpd) in September, up from 2.890m bpd in August.
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Real Estate
Dubai developer slams brokerages over market reports
Ziad El Chaar, managing director of the company, accused the consultancies of having some vested interest to bring out research reports with inaccurate data.
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Abu Dhabi property market showing "signs of fragmentation"
Average residential market rentals whilst maintaining around 2-3 per cent growth over the past quarters, saw a marginal decline of nearly one per cent quarter on quarter.
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     News
TAG Heueur to produce 50,000 smart watches, for a start
The watch, created in collaboration with Google and Intel was announced by Biver during Baselworld, the international watch fair held in Switzerland in March 2015.
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Digital payments growing fast in UAE
Total consumer payments are expected to plunge by 2020 as demand increases for various digital payments services.
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Nokia Networks joins hands with du to develop 5G at GITEX 2015
Both conducted Middle East's first 10Gbps live 5G demo in Dubai. 
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Dubai thriving to become benchmark for Smart cities
City eyes cooperation between the private and public sector in sectors including governance and environment.
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