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.
Subscribe to:
Posts (Atom)