Egypt launches New Suez Canal

Trouble viewing this email ? Forward to a friend! Finance Tech Energy Real Estate Transport and Tourism Media and Marketing Luxury Finance and Economy Egypt launches New Suez Canal Egypt has opened a major expansion of the Suez Canal, which aims to increase the traffic handled by the canal. The project will deepen the main waterway and provides ships with a 35km (22 mile) channel parallel to it.  Read more » Abu Dhabi's inflation increases by 1.4 per cent during Q1 The first months of 2015 witnessed a significant increase in the annual inflation rates, as its average amounted to approximately five per cent and 4.6 per cent during last January and February respectively. Read more » Iran's nuclear deal expected to benefit Dubai property market UAE's real estate sector, along with other industries like transportation and finance, are expected to benefit from the easing of sanctions on Iran as this may lead Iranians to invest in Dubai's real estate market.  Read more » FOLLOW US ON: Forward to a friend! Energy Saudi Arabia to send $1.4 billion of oil aid to Egypt According to the agreement between the Kingdom of Saudi Arabia and Egyptian government, Saudi Arabia will send $1.4 billion in aid to Egypt in petroleum derivatives throughout the months of September, October and November. Read more » Brent oil hits six-month low after Chinese trade data Brent down by 19 cents at $48.42 a barrel after touching $48.24 earlier in the session, the lowest in over six months. Read more » Saudi Arabia subsidises electricity with SAR450 billion in 3 years The Kingdom of Saudi Arabia has paid billions to subsidise electricity prices in three years with rates for heavy fuel at 97 per cent cheaper than global rates. Read more » Real Estate Dubai's Union Properties Q2 net profit falls 96 per cent Dubai's Union Properties has reported a decrease to AED47.52 million in second-quarter net profit as revenue from property management and home sales shrank and its year-earlier earnings were swelled by property revaluations. Read more » Middle East investments spread from the UK to America During Q1 2015, $5bn was invested by GCC buyers, almost equally split between Europe and Americas, targeted at New York, Washington DC, Los Angeles and Atlanta. London retains the top position but is no longer the dominant target for the Middle East. Read more » FOLLOW US ON: Forward to a friend!      News 'Innovation fee' to fund the Museum of the Future A new law for the year 2015 has been passed to support the development of Dubai's Museum of the Future which allows selected Dubai government agencies to charge an 'innovation fee' of AED10 on each transaction they carry out. Read more » Dubai to build world's tallest residential tower, longest indoor ski slope Meydan One, the new record-breaking mega tourism development project, will include the world's tallest residential tower, an indoor ski slope three times the length of Ski Dubai and the world's largest dancing water fountain. Read more » Saudi's Othaim Malls targets up to SAR1 billion debut sukuk issue Saudi Arabia's Al Othaim Real Estate and Investment Co, owner of five shopping malls in the kingdom launched last week, is marketing a five-year debut sukuk issue which could raise up to 1 billion riyals ($267 million) for the company. Read more » Samsung S2: the world's thinnest and lightest tablet in the market by mid-August Samsung Electronics Co announced the launch of the Galaxy Tab S2, packaged in the thinnest and lightest metal frame of its size, delivers an AMOLED display perfectly optimized for reading and viewing any type of digital content.  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