Egypt’s economy set to grow by 4.3 per cent in current fiscal year, MENA digital markets to reach $35 billion, say sources

Trouble viewing this email ? Forward to a friend! Finance Tech Energy Real Estate Transport and Tourism Media and Marketing Luxury Finance and Economy Egypt's economy set to grow by 4.3 per cent in current fiscal year As the current fiscal year winds down, improved security and socio-political stability are thought to have pushed the country's economic growth to 4.3 per cent, the World Bank's new report, Paving the Way to a Sustained Recovery, says. Read more » Saudi Arabia opens stock exchange to foreign investors Amid expectations that international institutions would queue up to trade in the largest bourse in the Arab region, stocks fell on the day it opened its doors to outsiders. While some market experts are very optimistic about the new move, others have warned about the restrictive nature of the opening. Read more » Abu Dhabi non-oil exports sees 24.9 per cent rise Abu Dhabi's non-oil exports rose 24.9 per cent year-on-year in March, reaching AED423 million. While non-oil trade through the ports of the emirate grew 11.9 per cent compared with last year, it dropped 2.4 per cent by AED336m in comparison to February this year, according to the latest figures. Read more » FOLLOW US ON: Forward to a friend! Energy KSA, Russia sign oil cooperation agreement This cooperation will lead to a petroleum alliance between Russia and Saudi Arabia, which will benefit the international petroleum market and producing countries, in addition to maintaining market stability. Read more » Qatar Petroleum to restructure in wake of oil price fall Earlier this year, QP said it would absorb QPI into its structure, a move suggesting authorities want to consolidate the industry after the price drop. Read more » Egypt to raise electricity prices as of July The country's minister of finance, announced that it has been decided to raise electricity prices as of the beginning of the new fiscal year, which starts in July. Read more » Real Estate Abu Dhabi's residential sector expected to grow six per cent Stephen Forbes, general manager of EPICO, says that the residential sector in the emirate is expected to witness growth rates between five and six per cent by the end of this year. Read more » Value of Qatar real estate deals soar 42.9 per cent The value of real estate transactions during the month of January 2015 reached QAR11.3bn, thus achieving an increase of 135 per cent, compared with QAR4.8bn in January 2014. Read more » FOLLOW US ON: Forward to a friend!      News Apple News app: A threat to traditional outlets? The app is set to take on Facebook and other players that offer similar curated-news services on mobile devices. Read more » Dubai, Abu Dhabi most expensive cities for expats in Middle East The two cities are globally ranked the 23rd and 33rd, respectively, in human resource consultancy Mercer's Cost of Living Survey 2015. Read more » Eberhard & Co. debuts in Qatar The market entry came after the Swiss brand signed an agreement with Al Fardan Jewellery, the brand's retailer in Qatar. Read more » MENA digital markets to reach $35 billion: Study Strategy& warns that the digital market in the region is highly likely to come under attacks by cyber criminals, nation states and cyber hacktivists. 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