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South East Asia can boost UAE's position as world leader in rice re-exports

2011-10-12 13:44:32 (читать в оригинале)

The UAE's position as the world's biggest re-exporter of rice can be reinforced by an increase in imports of the grain from South East Asia, according to the driving force behind an important new industry event taking place in Dubai next month.

Rapid Industrialization to Compensate the Industrial Pump Market

2011-10-12 13:44:10 (читать в оригинале)

Industrial pump manufacturers have been riding a crest with the increased pace of exploration and production activity brought on by the low cost of oil and gas extraction in the Gulf Cooperation Council (GCC) region.

AED 20.427bn value of financial transactions in Q3 2011-UAE CB

2011-10-12 13:37:55 (читать в оригинале)

Central Bank of the UAE has announced that statistics of the UAESWITCH for 3rd quarter of 2011 have shown a slight decrease in number and value of financial transactions, carried-out electronically through the UAESWITCH.

Aabar makes voting rights announcement regarding Daimler Investment

2011-10-12 13:10:12 (читать в оригинале)

Aabar Automotives GmbH ("Aabar") today informed the German Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) and Daimler AG ("Daimler") that it crossed below the 5% notification threshold in the percentage voting rights in Daimler.

BMI: UAE Real Estate Report (Aug-11)

2011-10-12 12:44:00 (читать в оригинале)

Increasing tourism, strengthening investor confidence and the tentative shoots of lending in progressshow that the UAE is getting to the end of its real estate industry crash. GDP growth may well be small in2011, but it is positive. However, the state remains plagued by huge amounts of unoccupied property. TheUAE's commercial real estate sector remains under pressure from failing rents. In H210 the quotedmaximum and minimum rental levels for property across the board had dropped. However, when wespoke to our in-country sources again in the middle of 2011, rents had diverged. Maximum rents in thethree sub-sectors in Sharjah had rocketed. The other two emirates had a mixed bag of results. The officerents continue to decline a little in Dubai and substantially in Abu Dhabi - by more than half. Conversely,retail rents rose in both, with the same pattern of movement in Dubai and a nearly 40% increase in AbuDhabi. Industrial space commanded a moderate rise in rents in Dubai and a moderate decline in AbuDhabi.According to our in-country sources, we expect that rents across the board are likely to remain stablethrough the rest of 2011, at minimum and maximum levels. Considering the huge variations in previoushalf-years and by city and sub-sector, this may not be entirely likely. They do however, expect them todiverge again in 2012.Some key opportunities in the real estate market are:Plenty of development projects are being restarted, including Dubailand, one of the mostambitious developments ever conceived. Following an evaluation, the plans are to relaunch thelarge leisure project backed by Dubai Properties Group by the end of 2011.Investor confidence has improved as they become more comfortable with the emirate's debtsituation. The latest FPI investor attitudes report shows investor confidence in the UAE has risen5 points to 18, according to the Arabian Gazette in July 2011. Dubai Holding, a strugglingstate-owned entity repaid a


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