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

BMI: United Arab Emirates Autos Report (Feb-12)

2012-04-13 16:08:00 (читать в оригинале)

While the last months of 2011 are reported to have resembled the days of 2008, and the depths of the global financial crisis, BMI foresees modest growth in the UAE auto market throughout the rest of 2012. There are several reasons for this fluctuation. A report by Gulf News suggests that the drop in sales at the end of 2011 was connected to shaken consumer confidence due to the European debt crisis. However, a raft of special cut price deals and targeted advertising appears to have drawn consumers back to showrooms through the first quarter of 2012, especially buoyed by the Dubai Shopping Festival (DSF).We see this as indicative of our general view of sales in the UAE over 2012 ? which BMI views as 455,102. This is modest growth in relation to 2011, which saw 448,569 vehicles sold. Increase growth comes off a number of factors. Oil prices are at a recent high, and macro political factors over the course of 2012 look likely to maintain this trend ? in particular with fears over the intention of the Iranian regime regarding the Straits of Hormuz. Beyond this, the spectre of the Arab Spring still haunts the Gulf, and has encouraged larger than normal pay-outs to citizens from governments in the region. This has had a noticeable effect on disposable incomes ? a sector of spending that traditionally has gone towards purchases such as vehicles. Spending by the government in the UAE has taken the form of a package of US$1.9bn on housing loans, as well as a US$1.35bn spend on water and infrastructure projects in the Northern Emirates.BMW experienced a record sales tally in 2011 throughout the ME region, with 47% of these vehicles being sold in the UAE. The fourth quarter was one of the best ever had by the group, with nearly 5,000 vehicles being sold. This pushed the Middle East region into being the third place globally in terms of volume and represents a 9% growth for BMW in the Middle East over 2010 volumes. However, expectations of a slowdown are being headed off

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BMI: United Arab Emirates Insurance Report (Mar-12)

2012-04-13 16:03:00 (читать в оригинале)

Key Insights And Key Risks:As of March 2012, recent developments and the latest data serve to confirm our view that the UAE is one of the largest and most dynamic of the insurance markets of the Middle East and North Africa (MENA) region. The published accounts of the larger listed insurance companies in relation to 2011 indicate that both segments grew at (low) double-digit rates in terms of gross written premiums. As was the case in Q112, we continue to see the development of takaful, which has been led by Islamic Arab Insurance Company (Salama) as a key driver of growth for the entire sector.Importantly, much of the newsflow through the later part of Q411 and Q112 indicated that the UAE?s insurers are responding proactively to the competitive and often difficult conditions prevailing in the nonlife segment (especially). During 2011, several insurers allowed premiums and profits to contract as they focused on writing business that would contribute to profitability over the medium- to long-term. Various partnerships have been announced to exploit areas of opportunity, such as health insurance. Retention rates have risen. New products have been developed. Meanwhile, HDFC Life, the largest private sector life company in India, has established an operation in Dubai that focuses, not unreasonably, on wealthier non-resident Indians (NRIs). As was the case three months ago, it appears that the majority of companies in the UAE?s insurance sector were largely unaffected by the volatility of global financial markets through 2011.Looking forward, we remain of the view that some kind of consolidation will take place in the competitive landscape. The largest UAE insurers ? such as Salama, Oman Insurance Company and Abu Dhabi National Insurance Company (ADNIC) write annual premiums of around US$600-800mn. By this metric, they are roughly half the size of Tawuniya, the largest insurance company in Saudi Arabia and would rate as no more than medium-sized players in most oth

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BMI: United Arab Emirates Retail Report (Mar-12)

2012-04-13 15:57:00 (читать в оригинале)

The Q212 BMI UAE Retail report forecasts that the country?s retail sales will grow from an estimated AED124.07bn (US$33.78bn) in 2012 to AED179.15bn (US$48.78bn) by 2016. Key factors behind the forecast are strong underlying economic growth (especially if the debt overhang in Dubai is resolved), increasing household consumption, growing acceptance of modern retailing concepts, and expatriate wealth.The UAE?s nominal GDP in 2012 is estimated to be US$367bn. BMI predicts average annual GDP growth of 4.6% between 2012 and 2016. With the population increasing from an expected 8.1mn in 2012 to an estimated 8.5mn by 2016, GDP per capita is forecast to rise to US$60,166 by the end of the forecast period.Discrepancies in wealth across the country are evident in GDP per capita statistics (which BMI estimated through 2005 census population and 2008 GDP data), ranging from as high as US$110,251 in Abu Dhabi to as low as US$15,451 and US$20,861 in Ajman and Ras al-Khaimah respectively.Average household spending power in the UAE stood at US$14,400 per annum in 2008, according to property consultant Colliers International. Emirati households accounted for the majority of this spending with an average of US$23,000, while Western, other Arab and Asian households had annual spending power of US$19,500, US$13,500 and US$10,000 respectively.While Emiratis contribute to retail sales, the buying power of the country?s expatriate residents is the major source of success, according to a study by Indian research firm RNCOS. Tourism is also a massive factor in stimulating retail growth, with BMI forecasting UAE tourist arrivals to reach 12.57mn in 2012, a 7.1% rise on the previous year.Growing urbanisation is another factor in the buoyancy of the retail sector. Abu Dhabi in particular is highly urbanised, with the Urban Planning Council (UPC) projecting that Abu Dhabi City?s population will rise to 1.3mn by 2013. In 2005, 85.5% of the UAE?s population was classified by the UN as

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Moody's: Tamweel Residential ABS CI (1) Ltd (09-Apr-12)

2012-04-13 14:35:00 (читать в оригинале)

This is a PDF report.

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UAE: Egypt Embassy unveils new remittance scheme

2012-04-13 13:15:26 (читать в оригинале)

The Embassy of Egypt launched a new remittance scheme that will help boost the country's foreign exchange reserves. The scheme is also launched for overseas Egyptians in other GCC countries.