Wednesday, November 18, 2015

Gulf markets fall after oil price drop and Paris attacks

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Finance and Economy
Gulf markets fall after oil price drop and Paris attacks
Dubai dropped 3.65 per cent, hitting an 11-month low...
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VIDEO: Gulf auto markets lucrative even as economic growth remains slow: Experts
Industry has been losing momentum since the last quarter of 2014...
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UAE to cut investments – top banker

Emirati economy expected to grow by three per cent this year, compared with 4.3 per cent last year...
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Energy
UAE to raise oil production to 3.5 million barrels per day: ADNOC
Emirates has roughly 100bn barrels of proven reserves and contributes almost 3 per cent of global oil production...
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Oil price recovery drives Kuwait's trade surplus

Oil export revenues rose in the second quarter of 2015 to reach KWD4.3bn from KWD3.6bn in the first quarter of 2015...
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Kurdistan's oil exports reach 18 million barrels in October
Most of the exported oil was extracted from oil wells in the region...
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Real Estate
Kuwait's real estate market most solid in region
Gulf real estate markets that depend on foreign investors suffer during times of crisis...
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Egypt's SODIC signs $460 mln of sales contracts in first nine months
Egypt's third largest listed property developer is targeting sales of 4 billion pounds this year...
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     News
Sharm el-Sheikh hotel occupancy down 80 per cent after Russian plane crash
Russians account for up to 50 per cent of the occupancy of Sharm el-Sheikh...
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Mercedes-Maybach Pullman launched in Middle East
Mercedes-Benz also launched the G500 4×4², the Mercedes-AMG S 63 4MATIC Cabriolet and the Mercedes-AMG 63 Class Coupé in the region...
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VIDEO: Toyota hydrogen car debuts in Dubai
Toyota has already signed agreements with Dubai Taxi Corporation for rolling out hydrogen-powered cars on Dubai's roads...
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Abu Dhabi, Dubai inflation rates drop in October
Transport cost inflation fell by 4.5 per cent and 4.2 per cent in October from the previous month in Abu Dhabi and Dubai respectively...
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