Sunday, April 27, 2008
Tourism Trend
There are many places that attract tourism in the UAE, and the city is Abu-Dhabi. In Abu-Dhabi they have the Mareena mall and Abu-Dhabi Mall that attracts tourism because of the shopping mall that have many different shops that people can buy from. They have also the biggest hotel in the UAE and it is the Emiretes Castle and it has many different rooms in all sizes and they have alot of services that they can serve the tourism and help them and satisfy there need.
ICICI Bank's profits beat expectations
ICICI Bank's profits beat expectations
Mumbai: ICICI Bank, India's second biggest bank, reported fourth-quarter profit that beat analysts' estimates as loan demand from companies and individuals helped the bank offset losses on overseas investments.
Net income increased 39 per cent to Rs11.5 billion ($286 million) in the fourth quarter ended March 31, compared with Rs8.25 billion a year earlier, the Mumbai-based company said.
Profit surpassed the Rs9.4 billion median estimate in a survey of five analysts by Bloomberg News.
Chief executive officer K.V. Kamath aims to raise as much as $1 billion from selling shares in the investment banking unit, a plan that stalled as the equity benchmark Sensitive Index dropped 16 per cent this year. ICICI Bank sold $5 billion of shares and borrowed about $10 billion from overseas investors in 2007 to bolster its capital and make more loans.
Published: April 27, 2008, 00:45
http://www.gulfnews.com/business/Banking_and_Finance/10208816.html
Mumbai: ICICI Bank, India's second biggest bank, reported fourth-quarter profit that beat analysts' estimates as loan demand from companies and individuals helped the bank offset losses on overseas investments.
Net income increased 39 per cent to Rs11.5 billion ($286 million) in the fourth quarter ended March 31, compared with Rs8.25 billion a year earlier, the Mumbai-based company said.
Profit surpassed the Rs9.4 billion median estimate in a survey of five analysts by Bloomberg News.
Chief executive officer K.V. Kamath aims to raise as much as $1 billion from selling shares in the investment banking unit, a plan that stalled as the equity benchmark Sensitive Index dropped 16 per cent this year. ICICI Bank sold $5 billion of shares and borrowed about $10 billion from overseas investors in 2007 to bolster its capital and make more loans.
Published: April 27, 2008, 00:45
http://www.gulfnews.com/business/Banking_and_Finance/10208816.html
Tuesday, April 15, 2008
Egypt could raise public sector pay
Egypt could raise public sector pay
Reuters
Published: April 16, 2008, 00:17
New Delhi: Egypt's government is looking at a significant rise in public sector salaries and has no more plans at the moment for steps to tame inflation, its Trade and Industry Minister Rachid Mohammad Rachid said on Tuesday.
Egypt's urban consumer inflation soared to its highest rate in over three years in March as food prices jumped, and it has faced a wave of labour protests over wages culminating in a riot last week in the textile town of Mahalla Al Kubra.
"What we are looking at now is a significant increase in salaries for the government, and pensions schemes," Rachid, who is leading a business delegation to India, said.
Asked about textile workers' salaries, he said: "No. We are looking at an overall increase of salaries."
from :
http://www.gulfnews.com/business/Economy/10205905.html
Reuters
Published: April 16, 2008, 00:17
New Delhi: Egypt's government is looking at a significant rise in public sector salaries and has no more plans at the moment for steps to tame inflation, its Trade and Industry Minister Rachid Mohammad Rachid said on Tuesday.
Egypt's urban consumer inflation soared to its highest rate in over three years in March as food prices jumped, and it has faced a wave of labour protests over wages culminating in a riot last week in the textile town of Mahalla Al Kubra.
"What we are looking at now is a significant increase in salaries for the government, and pensions schemes," Rachid, who is leading a business delegation to India, said.
Asked about textile workers' salaries, he said: "No. We are looking at an overall increase of salaries."
from :
http://www.gulfnews.com/business/Economy/10205905.html
Wednesday, April 2, 2008
Torisum influnce on financial services
Tourism influence on financial services
Tourism has many influence such as hotels foreign exchange and different banks. In hotels they get there money from tourism by giving reserving room for them when they come from the airport. In money exchange they come here and they start changing there currency and when they change the currency we use them for business. Many people from different countries come from a lot of places and they use our banks like HS BC, Lloyd bank and many different banks and they give money so they can deposited it and this is a business. these are the businesses that we get from them money through tourism.
Tourism has many influence such as hotels foreign exchange and different banks. In hotels they get there money from tourism by giving reserving room for them when they come from the airport. In money exchange they come here and they start changing there currency and when they change the currency we use them for business. Many people from different countries come from a lot of places and they use our banks like HS BC, Lloyd bank and many different banks and they give money so they can deposited it and this is a business. these are the businesses that we get from them money through tourism.
Monday, March 31, 2008
Dollar could fall to new depths against the euro
Dollar could fall to new depths against the euro
Agencies
Published: March 30, 2008, 00:55
Dubai: The dollar has suffered sharp falls this year as investors still hold overweight positions that could force the greenback to new depths against the euro as they scramble to sell.
The US economy has been battered by a collapse in the housing market and a banking sector severely troubled by the credit crunch, prompting fears of a full-blown recession.
Meanwhile the European Commission has expressed concern that the euro's rise added to strengthening headwinds facing the eurozone. The euro hit all-time highs at just above $1.59 on March 17. it has since weakened, but points towards a rise again.
From :
http://archive.gulfnews.com/articles/08/03/30/10201528.html
Agencies
Published: March 30, 2008, 00:55
Dubai: The dollar has suffered sharp falls this year as investors still hold overweight positions that could force the greenback to new depths against the euro as they scramble to sell.
The US economy has been battered by a collapse in the housing market and a banking sector severely troubled by the credit crunch, prompting fears of a full-blown recession.
Meanwhile the European Commission has expressed concern that the euro's rise added to strengthening headwinds facing the eurozone. The euro hit all-time highs at just above $1.59 on March 17. it has since weakened, but points towards a rise again.
From :
http://archive.gulfnews.com/articles/08/03/30/10201528.html
Monday, March 24, 2008
Tourism1
- A brief history
Dubai museum was one of the historical things that attracted the tourism in the past days. But not a lot of people use to visit this place because it was in the middle of a desert not exactly a desert but not a lot of roads were mad there days.
- Nature of business
To attract tourist and help them learn about our culture, but not a lot of people that visited the place. Tourism had seasons to visit these places they use to visit in summer because they live always in cold weathers so they want to change so this is the time in the year that they come to visit in.
- Evidence to show it is big in UAE :
That many people all over the world come and visit this place. In the next year more people come to visit because of the people that came the last time they return back to there country and tells the others to come and visit this place and when they are interested the come in groups.
Dubai museum was one of the historical things that attracted the tourism in the past days. But not a lot of people use to visit this place because it was in the middle of a desert not exactly a desert but not a lot of roads were mad there days.
- Nature of business
To attract tourist and help them learn about our culture, but not a lot of people that visited the place. Tourism had seasons to visit these places they use to visit in summer because they live always in cold weathers so they want to change so this is the time in the year that they come to visit in.
- Evidence to show it is big in UAE :
That many people all over the world come and visit this place. In the next year more people come to visit because of the people that came the last time they return back to there country and tells the others to come and visit this place and when they are interested the come in groups.
Monday, March 17, 2008
Oil hits record high as dollar slides
Published: March 17, 2008, 09:23
Singapore: Crude oil hit a record $111 in New York as a sliding dollar and credit market losses in the U.S. prompted investors to buy commodities.
The dollar dropped to record low against the euro and to the weakest in 12 years versus the yen after the U.S. Federal Reserve reduced the discount rate it charges commercial banks.
The cut spurred gold to a record high while Asian stock benchmarks tumbled after Wall Street bank Bear Stearns Cos. sold for less than 10th of its value last week.
Crude oil for April delivery rose as much as $1.21, or 1.1 percent, to $111.42 a barrel in electronic trading on the New York Mercantile Exchange, the highest since trading began in 1983. It was at $111.09 at 12:41 p.m. Singapore time.
http://www.gulfnews.com/business/Oil_and_Gas/10198072.html
Singapore: Crude oil hit a record $111 in New York as a sliding dollar and credit market losses in the U.S. prompted investors to buy commodities.
The dollar dropped to record low against the euro and to the weakest in 12 years versus the yen after the U.S. Federal Reserve reduced the discount rate it charges commercial banks.
The cut spurred gold to a record high while Asian stock benchmarks tumbled after Wall Street bank Bear Stearns Cos. sold for less than 10th of its value last week.
Crude oil for April delivery rose as much as $1.21, or 1.1 percent, to $111.42 a barrel in electronic trading on the New York Mercantile Exchange, the highest since trading began in 1983. It was at $111.09 at 12:41 p.m. Singapore time.
http://www.gulfnews.com/business/Oil_and_Gas/10198072.html
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