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

du defends call to cut time for bill payments

2011-06-09 10:54:40 (читать в оригинале)

UAE telecoms firm du has justified its decision to insist customers pay their bills exactly on time after discontinuing a previous 10-day leniency period.

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Nakheel CEO O'Donnell Resigns After Five Years Of Service

2011-06-09 10:43:47 (читать в оригинале)

O'Donnell has "decided to leave after completing his contract terms," and will be replaced temporarily by the current chief financial officer, Sanjay Manchanda, until a permanent replacement is found, Nakheel said in an emailed statement.

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BMI: UAE Food and Drink Report (May-11)

2011-06-09 10:21:00 (читать в оригинале)

As one of only a handful of countries that have not seen large-scale public demonstrations as a result ofthe regional upheaval, perceptions surrounding underlying economic and political stability in the UAEhave been given a considerable boost in recent months. However, while things have seemingly improvedcompared with a year ago, particularly in Dubai, dynamic premiumisation is yet to come back to the fore.Headline Industry Data?? 2011 per-capita food consumption growth in local currency = 5.10%; forecast compound annualgrowth to 2015 = 5.78%.?? 2011 soft drinks value sales = 10.53%; forecast compound annual growth to 2015 = 10.88%.?? 2011 mass grocery retail sales = 8.89%; forecast compound annual growth to 2015 = 9.57%Key Company TrendsAuchan Withdraws From Dubai ? In January 2011 French food retailer Auchan dropped out of the Dubaimarket after just two years. This move suggests that from the point of view of some of the world's leadingWestern retailers, the Gulf region dynamic on a per-capita income basis does not provide sufficient scalecompared with other emerging retail regions. Even though Dubai is still without question the region'shigh-income hotspot and most in tune with Western consumer habits, consumers are not spending quite asfreely as they were before Auchan entered the market.Café Culture Taking Off ? In line with the trend of increasingly Western consumption habits, a number ofmajor coffee chains have been opening shops in the UEA. In October 2010 it was reported that UK coffeechain Cafè Nero had opened three new outlets in Dubai. These are the chain's latest foray into the UAEmarket, where it already has 11 stores. In January 2011, Swiss food group Nestlé opened its firstNespresso coffee 'boutique' store in the UAE.Risks To OutlookThe UAE will remain vulnerable to external forces, specifically energy prices. On the downside, lower oilprices would probably dampen investor confidence in the Gulf region an

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BMI: UAE Infrastructure Report (May-11)

2011-06-09 10:21:00 (читать в оригинале)

BMI View: We have revised our 2010 estimates slightly and are pencilling in near zero growth and amoderate rise in nominal industry value for the UAE?s infrastructure sector. Steep deflation in theconstruction sector over 2009 ? due to a fall in raw material and labour prices ? has distorted realgrowth figures for the year..We anticipate that 2011 will be the year the UAE?s industry shakes off theeffects of Dubai's downturn, and the value of the infrastructure and construction sector returns to anormalised growth trajectory. Growth will be moderate and sustained mainly by investment in AbuDhabi.Our core views regarding the UAE remain the same. While we have become more bearish in ourestimates, we still maintain that the fundamental driver of growth will be Abu Dhabi. We also believethere are opportunities for continued growth in water, power and large industrial construction. SouthKorean firms have established a strong presence in the UAE and recent moves have ensured that theyhave strengthened that foothold.?? The joint venture (JV) between Russia's Inter Rao and UAE-based Crescent Investmentscreates another player that will have the technical prowess and financial muscle to compete for aslice of the Middle East's US$131bn power project market.?? Abu Dhabi-based energy firm Masdar has secured US$615m of bank financing for its Shams 1concentrated solar power (CSP) project, which will be one of the world's largest solar plants aswell as the first of its kind in the Middle East.?? The tender for the Midfield Terminal at Abu Dhabi's International Airport has been released.This tender was one of the most eagerly awaited in the UAE and the progress of the projectreinforces BMI's view that the strength of Abu Dhabi's infrastructure will greatly enhance theprospects for the regional market.?? The Mafraq-Ghweifat highway public private partnership (PPP) hangs in the balance at time ofwriting, with reports in MEED that the govern

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Hawkamah plans uniform standards for Islamic bonds

2011-06-09 10:13:23 (читать в оригинале)

Hawkamah, the Institute for Corporate Governance, is expected to issue a 'standardised template' for restructuring Islamic bonds this year, executive director Dr Nasser Saidi said.