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UAE initials 'Open Sky' Air Services Agreement with Sierra Leone

2011-08-23 13:45:54 (читать в оригинале)

The United Arab Emirates represented by the General Civil Aviation Authority (GCAA) has initialed an "open" Air Services Agreement (ASA) and has signed a Memorandum of Understanding with the Government of Sierra Leone yesterday.

UAE Minister of Economy discusses measures to strengthen industries and trade

2011-08-23 13:11:03 (читать в оригинале)

His Excellency Sultan Bin Saeed Al Mansoori, UAE Minister of Economy, has stressed the commitment of the Ministry to strengthen cooperation and coordination with strategic partners from various government sectors to support the UAE's economic development and the performance of the national economy.

BMI: United Arab Emirates Oil & Gas Report (Jul-11)

2011-08-23 11:05:00 (читать в оригинале)

We forecast that the United Arab Emirates will account for 8.6% of Middle East regional oil demand by2015, while providing 9.9% of supply. Middle East regional oil use rose to an estimated 7.6mn b/d in2010. It should average 7.9mn barrels per day (b/d) in 2011 and then climb to around 8.9mn b/d by 2015.Regional oil production was 22.83mn b/d in 2001 and averaged an estimated 24.5mn b/d in 2010. Afteran estimated 25.7mn b/d in 2011, it is set to rise to 30.5mn b/d by 2015. Oil exports are growing steadily,because demand growth is lagging the pace of supply expansion. In 2001, the region was exporting anaverage of 17.85mn b/d. This total will have eased to an estimated 16.88mn b/d in 2010 and is forecast toreach 21.54mn b/d by 2015. Iraq has the greatest export growth potential, followed by Qatar.In terms of natural gas, the region consumed an estimated 391bn cubic metres (bcm) in 2010, withdemand of 487bcm targeted for 2015, representing 25% growth. Production of an estimated 455bcm in2010 should reach 642bcm in 2015 (+41%), which implies net exports rising to 154bcm by the end of theperiod. The UAE's estimated share of gas consumption in 2010 will have been 15.5%, while its share ofproduction is put at 11.2%. By 2015, its share of gas consumption is forecast to be 15.9%, with thecountry accounting for 9.7% of supply.The 2010 full-year outturn was US$77.45/bbl for OPEC crude, which delivered an average for North SeaBrent of US$80.34/bbl and for West Texas Intermediate (WTI) of US$79.61/bbl. The BMI price target ofUS$77 was reached thanks to the early onset of particularly cold weather, which drove up demand for andthe price of heating oil during the closing weeks of the year.Global GDP growth in 2011 is forecast at 3.5%, down from 4.3% in 2010. Growth in the US is nowexpected to slow down, but growth in the Eurozone should be marginally higher than last year, whileChinese economic expansion will slow and Japan?s growth will slu

26,000 ID card applications cancelled

2011-08-23 10:51:45 (читать в оригинале)

The Emirates Identity Authority (Emirates ID) has cancelled an additional 26,000 ID card applications, taking the total number of cancelled applications this month to 56,000, a top official told Gulf News.

Insurance House Ups Limit On Foreign Investors' Stake

2011-08-23 10:47:11 (читать в оригинале)

Abu Dhabi's Insurance House has raised the limit on the stake that may be held by foreign investors to 25 per cent of the company's paid up equity share capital, according to a statement issued by the company.


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