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Nuclear engineering firm Enercon opens UAE office

2012-02-21 11:39:42 (читать в оригинале)

Nuclear engineering firm Enercon Services has opened an office in the UAE to target Middle East region where a number of countries look to developer nuclear power programmes.

Dubai's biggest property deals in 2011: Burj Khalifa dominates

2012-02-21 08:34:59 (читать в оригинале)

Global icon Burj Khalifa, the world's tallest building, dominated Dubai's biggest residential real estate deals in 2011, occupying three among the eight biggest residential deals for the year, besides occupying the top two slots.

Emirates NBD announces new CNH mandate

2012-02-20 16:09:03 (читать в оригинале)

Emirates NBD has mandated Emirates NBD Capital Limited, HSBC and Standard Chartered Bank to arrange investor meetings in Hong Kong and Singapore commencing on the 22nd of February. 

BMI: United Arab Emirates Food & Drink Report (Feb-12)

2012-02-20 15:41:00 (читать в оригинале)

Although the UAE?s economy is set to slow in 2012, the outlook for the food industry remains strong. The UAE is set for another year of steady yet relatively uninspiring growth through 2012 as global headwinds stemming from the eurozone crisis and the imposition of more stringent international sanctions on Iran weigh on the outlook for the non-oil sector. Real GDP is forecast to expand by 3.0% following an estimated 3.3% rate of expansion posted in 2011. The latest HSBC Purchasing Managers' Index for the UAE would seem to confirm that a slight slowdown is already under way.The index, which is a measure of the economy's manufacturing and services sectors, dropped to a four-month low of 51.7 in December 2011. While the UAE's service sector received a boost in 2011 as a result of the Arab Spring (which saw tourists and some business activity shift to Dubai from other locations in the region), for the moment the defining feature of 2012 appears to be less about the Middle East and more about the global economic downturn. Given its relatively more open trade and capital market links with Europe and Asia, the UAE will likely be hit the hardest among its Gulf Cooperation Council peers.Headline Industry Data:- 2012 per capita food consumption growth in local currency = 4.9%; forecast to 2016 = 31.4%- 2012 soft drinks value sales growth = 6.3%; forecast to 2016 = 48.1%- 2012 mass grocery retail sales = 7.0%; forecast to 2016 = 53.3%Key Company Trends:Al Ain Dairy Announces Expansions ? In December 2011 the UAE dairy company Al Ain Dairy announced plans to invest US$180mn to beef up its production capacity with demand for dairy products likely to continue growing quickly over the next few years. Al Ain is a diversified company with products positioned across a number of dairy areas and juices too. Holding a particularly strong position in the fresh milk segment, the company has been expanding its portfolio of healthy dairy drinks, like laban, as health-consciousness c

Abraaj buys Aureos Capital

2012-02-20 15:37:34 (читать в оригинале)

Private equity manager Abraaj Capital on Monday said it had acquired Aureos Capital, a global private equity fund management group investing in small and medium-sized enterprises, for an undisclosed amount.


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