Путешествия по Европе Голосов: 2 Адрес блога: http://sempreprimo.blogspot.com/ Добавлен: 2008-08-17 13:20:58 блограйдером avanti

Meraas appoints Al-Futtaim Carillion as Project Contractors for Phase-1 of 'The Avenue'

2011-12-06 15:39:04 (читать в оригинале)

Meraas, a Dubai-based real estate company, today announced it has appointed Al-Futtaim Carillion as project contractors for phase-1 of 'The Avenue', which is part of a three-phase project spanning 1.1 kilometers at a prime location in Dubai.

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DGCX November volumes rise 121 % year-on-year to reach 423,945 contracts

2011-12-06 15:37:59 (читать в оригинале)

November volumes on the Dubai Gold and Commodities Exchange (DGCX) grew 121 % year-on-year to reach 423,945 contracts, valued at US$ 17.15 billion. Year-to-date volume in 2011 also increased 106% on 2010 levels to reach 3,629,409 contracts valued at US$ 169 billion.

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Rixos the Palm, Dubai, the new gem on Palm Jumeirah

2011-12-06 15:35:49 (читать в оригинале)

The highly anticipated entry of Rixos Hotels Group in the Middle Eastern territory has been announced, following the success of the chain's fourteen hotels and overwhelming demand from worldwide guests and tourism industry professionals.

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BMI: UAE Insurance Report (Oct-11)

2011-12-06 14:16:00 (читать в оригинале)

The continuing expansion of UAE?s economy should underpin the steady growth of the insurancesector. However, it is not clear what will cause non-life penetration to increase over the forecastperiod. Life insurance will likely remain very underdeveloped, partly because local households do not need it.There will remain, however, a substantial opportunity to sell life insurance and other organisedsavings products to expatriates. The UAE will remain one of the most important markets for takaful. Most local companies lack scale in a fragmented and not necessarily profitable industry.The regulatory environment is still being developed by the Insurance Authority.The UAE?s insurance sector can be described as being reasonably large in absolute terms, fairly rapidlygrowing, open to foreign companies, fragmented and highly competitive ? with the result that a lot ofplayers are not making an adequate return on their capital. Growth in the past has been driven by the risein health insurance, which became compulsory for private sector workers in 2008 and by the rise oftakaful (shari?a-compliant insurance), which accounts for about one fifth of total premiums.Relative to its peers in the region, the UAE?s insurance sector is also unusual in that there are twoseparate regulatory regimes. Offshore business is undertaken by companies that are established in theDubai International Finance Centre (DIFC) and regulated by the Dubai Financial Services Authority(DFSA). Onshore business is regulated by the Insurance Authority. Although the two regulators signed amemorandum of understanding (MoU) at the end of April 2011, an organisation that is regulated by theDFSA does not automatically have the right to undertake onshore business in the rest of the UAE.The latest figures from the country?s 25 or so listed insurance companies indicate that many of the smaller? and not so small ? players have been adjusting, quite successfully, to ch

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BMI: Middle East and Africa Oil & Gas Insight (Dec-11)

2011-12-06 13:33:00 (читать в оригинале)

BMI View: Libyan exports are set to rise to 350,000b/d in November. Nevertheless, volumes finding their way onto  international markets remain low as crude is channelled to domestic refineries in order to prevent a serious domestic shortage of processed fuels.Libyan oil exports are set to hit 350,000 barrels a day (b/d) in November 2011, according to National Oil Corporation (NOC) officials. This is more than double the level of October exports. NOC plans to export 14 cargoes of 600,000 barrels (bbl) each, with crudes drawn from Total?s offshore Al Jurf field and Eni?s onshore Abu Atiffel, Amna, Sirtica, and Zueitina fields. NOC subsidiary Agoco also plans to offer two cargoes to the international market, each comprising 1mn bbl.Exports of 350,000b/d are still a long way from pre-war levels, which saw 1.3mn b/d of light sweet Libyan crude flow onto the international market. As a result, demand from European refiners for alternative sources of light sweet crude is set to remain strong. This is likely to provide continued support to Brent prices, which have held a significant premium against other benchmarks since the supply of Libyan crude were to the international market was cut by by the civil war.