Egypt’s economy to grow by 4 per cent in 2015

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 to grow by 4 per cent in 2015 The robust growth is mainly driven by a more stable political environment, financial aid from Gulf countries and a growing business climate, the report by the National Bank of Kuwait (NBK) indicates. Read more » UAE spends AED17.6bn of federal budget in Q1 According to the data released by the UAE ministry of finance, general public services totalled AED6.2bn, accounting for 35.3 per cent of spending in the January-March period.  Read more » Kuwait says fiscal status strong despite deficit Despite recording a budget deficit of KWD2.4 billion in the outgoing fiscal year, Kuwait's Deputy Prime Minister and Minister of Finance assures that his country's fiscal status remains strong.  Read more » FOLLOW US ON: Forward to a friend! Energy Saudi Arabia exports 1.59bn barrels of crude oil in 7 months Local consumption, at 588 million barrels, accounted for roughly 27 per cent of the total output during the seven-month period. The figures come at a time when the OPEC asserts that it will not cut production despite the price plunge. Read more » ADNOC to use gain from fuel price deregulation to open 125 new outlets A committee had been set up to review and announce on the 28th of each month the fuel price against average international levels, for the next month. Read more » GCC Statistical Centre says oil price will return to $95 by 2017 The study notes that the contribution of the oil and gas sector to the GCC's GDP at current prices is estimated at 45.9 per cent. Read more » Real Estate Real estate sector performance in Lebanon improves in June However, the number of real estate deals decreased cumulatively by 15.6 per cent year on year to 28,722 deals during the first half of 2015, compared with 34,038 deals recorded in the same period last year. Read more » Saudi Arabia issues 113,000 construction licenses in 2014 Roughly 89 per cent or 101,544 of these licenses were issued for the construction of houses and commercial buildings, according to a Ministry of Municipal and Rural Affairs report. Read more » FOLLOW US ON: Forward to a friend!      News UAE says fuel deregulation not to affect prices of consumer goods He also urged consumers to remain vigilant and immediately inform the authorities of any price increase following the announcement of the deregulation of fuel prices in the country. Read more » Islamic banks outpace conventional counterparts Islamic banks in Qatar, Indonesia, the Kingdom of Saudi Arabia, Malaysia, the UAE and Turkey gained $625 billion by end of 2013, which is equivalent to 80 per cent of the global Islamic finance market. Read more » SellAnyCar CEO speaks on UAE fuel price deregulation However, I believe that deregulating prices would not have a major impact on the automotive industry in the short term, as the increase is barely notable on individuals' costs of living.  Read more » Egypt aims to attract 7 million Arab tourists by 2020 Egypt's strategic plan aims to attract 20 million visitors to the country over the next five years through projects and plans that will increase tourism revenues to $26 billion, according to reports. 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