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
Fly Emirates
Fly Emirates
Fly emirates is one of the things that attracts the tourism to the UAE, because they have many facilities and the offers that they have makes them choose Emirates air line. for example, they have up grades from economy to business class and to first class also ,when u want to get grades you have to fly a lot and by it is good for people that travel a lot or like to travel, tourism like to fly a lot so that is a good thing for them, and when they travel by Emirates air line the tourism have good services and they can feel comfortable and the air host can serve them. Also at the end of the flight before the plan reaches the ground they start selling things in the plane because maybe the tourists are tired and they can not go out so they start buying from the plane.
Fly emirates is one of the things that attracts the tourism to the UAE, because they have many facilities and the offers that they have makes them choose Emirates air line. for example, they have up grades from economy to business class and to first class also ,when u want to get grades you have to fly a lot and by it is good for people that travel a lot or like to travel, tourism like to fly a lot so that is a good thing for them, and when they travel by Emirates air line the tourism have good services and they can feel comfortable and the air host can serve them. Also at the end of the flight before the plan reaches the ground they start selling things in the plane because maybe the tourists are tired and they can not go out so they start buying from the plane.
Commodity Market
Market products in the market, where the products are not scouring or base exchange. These raw products are exchanged trade academic scholarship,regulated by the standard according to which the contract is bought or sold.
4 Major groups traded in UAE
1- Gold
2- Oil
3- Silver, and silver jewelery
4- Machinery, textiles, vehicles
4 Major groups traded in UAE
1- Gold
2- Oil
3- Silver, and silver jewelery
4- Machinery, textiles, vehicles
Wednesday, March 12, 2008
UAE investing $7 billion in Sudan
Dubai: The UAE is the second largest investor in Sudan after China with total investments of $ 7 billion, Sudanese President Omar Hassan Al Beshir told a press conference here on Tuesday.
The Sudanese head of state said that his country had provided fertile ground for attracting Arab and foreign investment in order to achieve overall development.
Speaking about his trip to the UAE, Al Beshir said it was in response to a kind invitation from President His Highness Sheikh Khalifa bin Zayed Al Nahyan, aimed at giving a bigger boost to bilateral political and economic relations which he praised as ''strong'' and ''historic''.
He indicated that his talks with the UAE leaders covered wide-ranging issues including Iraq, Palestine, Lebanon as well as latest political developments in Sudan.
From : Gulf News
http://www.gulfnews.com/business/Investment/10196812.html
The Sudanese head of state said that his country had provided fertile ground for attracting Arab and foreign investment in order to achieve overall development.
Speaking about his trip to the UAE, Al Beshir said it was in response to a kind invitation from President His Highness Sheikh Khalifa bin Zayed Al Nahyan, aimed at giving a bigger boost to bilateral political and economic relations which he praised as ''strong'' and ''historic''.
He indicated that his talks with the UAE leaders covered wide-ranging issues including Iraq, Palestine, Lebanon as well as latest political developments in Sudan.
From : Gulf News
http://www.gulfnews.com/business/Investment/10196812.html
Money Market
Money Market is the global financial market for borrowing short term and lending. It provides short-term liquid funds to the global financial system. The money market is where short-term obligations such as Treasury bills, commercial paper, bankers' acceptances are bought and sold.
In the money market is the best known place for large enterprises and government to manage their short-term cash needs. However, individual investors have access to the market through a variety of securities. In this tutorial, we will cover various types of securities and the capital market in how they can work in your portfolio.
In the money market is the best known place for large enterprises and government to manage their short-term cash needs. However, individual investors have access to the market through a variety of securities. In this tutorial, we will cover various types of securities and the capital market in how they can work in your portfolio.
History of Tourism
In the old day, tourism wasn't found in the United Arab Emirates , because there were no buildings in the United Arab Emirates that attract people. Another thing is that we didn't have oil and without the oil we couldn't develop our country and we didn't have tourism. Tourist were found in some places in the Unites Arab Emirates but they were not a lot, there were found in Dubai because we had the trade center and they were surprised to see a building in the middle of the desert so they use to come to see this building and some of them came to learn about the culture of the United Arab Emirates.
Monday, March 10, 2008
UAE economy achieves real growth of 7.4 per cent in 2007
UAE economy achieves real growth of 7.4 per cent in 2007
Staff Report
Published: March 09, 2008, 20:48
Dubai: UAE economy achieved real growth of 7.4 per cent in 2007 over 2006 with the gross domestic product reaching Dh698 billion according to the UAE Ministry of Economy.
While the contributions by other non-oil sectors accounted for d Dh455 billion or 65 per cent of the total GDP in 2007, the oil prices averaging at $69.1 billion contributed 35 per cent of the GDP in 2007, followed by the manufacturing sector, whose diversified activities in oil, liquefied gas and factories in free zones – contributed 13 per cent to the GDP in 2007.
Trade and repair services sector is the third biggest contributor to the country's GDP, at 11 per cent.
"It is an important and organized sector with a long history, in which the private sector plays an important role in providing different goods in the country and managing the development of re-exportation activity," the report from the Ministry of Economy said.
The report said that the real estate sector is fast emerging a big contributor to the UAE's GDP. Last year real estate contributed 8 per cent to the country's GDP. The real estate sector, invested Dh25.8 billion in 2007. The government is keen to help UAE nationals to possess free residential units through residential plans, which provide good living standards and social stability. The transportation sector is another sector that enjoys large-scale investments.
More than Dh23.1 billion, or 16 per cent of total investments, has been invested to establish developed infrastructure, including a wide range of internal and external road networks, airport expansions, bridge and tunnel construction, and communications.
The size of fixed investments in 2007 increased to Dh144.5 billion compared to Dh121 billion in 2006, and the investment percentage to domestic product reached 20.7 per cent in 2007.
While manufacturing and real estate sectors together accounted for 35 per cent of the total investments in the country last year, investments industries such petrochemical, building material, medicine and food industries continued to surge.
The crude oil sector invested Dh15.8 billion last year. Around 10.9 per cent of the country's total investments in 2007 were in the form of huge projects to develop productive and explored oil fields to ensure continuous oil and gas production; thereby contributing to the stability of prices at international markets.
Public and private (household) consumption expenditure together grew 21.2 per cent from Dh330 billion in 2006 to Dh400 billion in 2007.
While the government's consumption expenditure accounted for 18.5 per cent household expenditure represents 81.5 per cent.
The report attributes rise in private expenditure to the annual population increase, the rise in standards of living, rising consumption, as well as the increase in prices for all goods and services.
From :
Gulf News .. http://www.gulfnews.com/business/Economy/10196184.html
Monday March 10, 2008
Staff Report
Published: March 09, 2008, 20:48
Dubai: UAE economy achieved real growth of 7.4 per cent in 2007 over 2006 with the gross domestic product reaching Dh698 billion according to the UAE Ministry of Economy.
While the contributions by other non-oil sectors accounted for d Dh455 billion or 65 per cent of the total GDP in 2007, the oil prices averaging at $69.1 billion contributed 35 per cent of the GDP in 2007, followed by the manufacturing sector, whose diversified activities in oil, liquefied gas and factories in free zones – contributed 13 per cent to the GDP in 2007.
Trade and repair services sector is the third biggest contributor to the country's GDP, at 11 per cent.
"It is an important and organized sector with a long history, in which the private sector plays an important role in providing different goods in the country and managing the development of re-exportation activity," the report from the Ministry of Economy said.
The report said that the real estate sector is fast emerging a big contributor to the UAE's GDP. Last year real estate contributed 8 per cent to the country's GDP. The real estate sector, invested Dh25.8 billion in 2007. The government is keen to help UAE nationals to possess free residential units through residential plans, which provide good living standards and social stability. The transportation sector is another sector that enjoys large-scale investments.
More than Dh23.1 billion, or 16 per cent of total investments, has been invested to establish developed infrastructure, including a wide range of internal and external road networks, airport expansions, bridge and tunnel construction, and communications.
The size of fixed investments in 2007 increased to Dh144.5 billion compared to Dh121 billion in 2006, and the investment percentage to domestic product reached 20.7 per cent in 2007.
While manufacturing and real estate sectors together accounted for 35 per cent of the total investments in the country last year, investments industries such petrochemical, building material, medicine and food industries continued to surge.
The crude oil sector invested Dh15.8 billion last year. Around 10.9 per cent of the country's total investments in 2007 were in the form of huge projects to develop productive and explored oil fields to ensure continuous oil and gas production; thereby contributing to the stability of prices at international markets.
Public and private (household) consumption expenditure together grew 21.2 per cent from Dh330 billion in 2006 to Dh400 billion in 2007.
While the government's consumption expenditure accounted for 18.5 per cent household expenditure represents 81.5 per cent.
The report attributes rise in private expenditure to the annual population increase, the rise in standards of living, rising consumption, as well as the increase in prices for all goods and services.
From :
Gulf News .. http://www.gulfnews.com/business/Economy/10196184.html
Monday March 10, 2008
Capital Market
The capital market is the market of the transferable securities, where the companies and the government can raise long-term funds. The capital market comprises the tender of the actions and the bond market. The financial regulators, such as US Securities and Exchange Commission, supervises the capital markets in their country indicated to take care that the investors are protected from the fraud. Capital markets to be composed of the primary education market, where new questions are distributed to the investors, and the secondary market, where the titles are negotiated.
Tourism
Tourism
Tourism industry found in every part in the world. They are mostly found in the United Arab Emirates and specially in Dubai, because Dubai has many things that attract. For example, buildings in UAE, hotels and investments.
Tourism industry found in every part in the world. They are mostly found in the United Arab Emirates and specially in Dubai, because Dubai has many things that attract. For example, buildings in UAE, hotels and investments.
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