Saudi says financial deficit manageable as S&P downgrades kingdom’s credit rating

Trouble viewing this email ? Forward to a friend! Finance Tech Energy Real Estate Transport and Tourism Media and Marketing Luxury Finance and Economy Saudi says financial deficit manageable as S&P downgrades kingdom's credit rating The G20 nation, which saw a surplus of 7 per cent of GDP in 2013, will post a deficit of 16 per cent of GDP in 2015. Read more » Oman's budget deficit may exceed expectations Government is able to finance fiscal deficit in near term through its sovereign wealth fund, in addition to its strong credit and low sovereign debt levels. Read more » Experts call for structural reforms in GCC The International Monetary Fund (IMF) has projected that GDP growth in the GCC is expected to decline from 3.3 percent in 2015 to 2.8 per cent next year. Read more » FOLLOW US ON: Forward to a friend! Energy Renewable energy drive to save GCC members 4 billion barrels of oil Roughly 74 per cent of the projected 69 gigawatts of renewable energy produced in the GCC will be generated in Saudi Arabia alone. Read more » Kuwait's oil exports to Japan slump 38.6 per cent in September Japan's total oil imports reported the first drop in three months, edging down by 2.3 per cent year-on-year to 3.26m barrels a day. Read more » Oman's production of super fuel up 5.5 per cent in 9 months Aircraft fuel production recorded a 3.6 per cent rise to 3.71m barrels, while diesel output hovered around 16.23m barrels against 14.29m barrels in 2014. Read more » Real Estate Emaar Properties Q3 net profit rises 31 per cent The net earnings, however, saw a drop of 28 per cent from AED1.18 billion made in second quarter this year. EFG Hermes had forecast Emaar's third-quarter profit would be AED1.02bn. Read more » Kuwait's real estate activity continues downhill slope The value as well as the number of units sold year-to-date were both down by 24 per cent and 29 per cent, respectively, compared with the same period last year. Read more » FOLLOW US ON: Forward to a friend!      News VIDEO: All eyes on Dubai as Milano Expo 2015 concludes "We are ready to take on the responsibility of hosting the next world Expo in Dubai," a spokesman for Expo 2020 said. Read more » Luxury customers growing "price- and quality-conscious": Havas study More than 60 per cent of customers in UAE and Saudi Arabia are well aware of goods prior to purchase. Read more » VIDEO: Women in Leadership summit opens in Abu Dhabi The two-day forum will focus on advancing women's participation in the workforce and increasing their business opportunities. Read more » Daimler opens first regional centre for commercial vehicles in Dubai Between 2011 and 2014, unit sales of the group's trucks, buses and vans in the region grew by 23 per cent annually. Read more » Forward to a friend! To ensure delivery to your inbox, please add reply@advertising.mediaquestcorp.com to your address book. Privacy Policy | Terms of Service | About us | Unsubscribe © Copyright 2015 AMEinfo. All Rights Reserved. www.ameinfo.com P.O. BOX 72184 Dubai Media City, Zee Tower, Office 206, United Arab Emirates info@mediaquestcorp.com    |    Contact