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

BMI: UAE Consumer Electronics Industry Report (Dec-11)

2012-01-16 19:53:00 (читать в оригинале)

The UAE?s consumer electronics devices market, defined as the addressable market for computingdevices, mobile handsets and video, audio and gaming products, is estimated to reach a value ofUS$3.8bn in 2012. This is expected to increase to US$4.7bn by 2016, driven by the popularity of newelectronic devices such as LED and 3G TV sets, 3G mobile handsets, smartphones, feature-richnotebooks, MP3/MP4 players and Blu-ray players.In H111, UAE retailers reported a surge in demand for consumer electronic products, in many casesfuelled by price cuts. Retailers partly attributed the rebound to recovering markets and an improvement inconsumer confidence, which had been damaged by the Dubai financial crash. However, price reductionsalso seemed to be a significant driver.Significant obstacles still stand in the way of a more pronounced recovery, including weak creditconditions and Dubai's onerous debt repayment schedule in 2011. The shift towards more cautiousdomestic spending patterns is likely to persist well into 2012, with overall consumption growth remainingmuted, particularly in Dubai. However, Dubai benefited most from a pick-up in the tourist trade,providing a boost to the important carry trade for electronics goods.ComputersComputer hardware accounted for 53% of the UAE?s consumer electronics spending in 2011. BMI forecasts domestic market computer hardware sales ? including notebooks and accessories ? of US$2.0bn in 2012, up from US$1.9bn in 2011. The compound annual growth rate (CAGR) for sales of computer hardware over 2012-2016 is forecast at about 6%. Stronger demand in the notebook sector is the main driver as consumers feel the benefits of aggressive channel promotions.AVAV devices accounted for about 35% of consumer electronics spending in the UAE in 2010. The addressable UAE AV device market is projected at US$1.3bn in 2012. The market is expected to grow at a CAGR of 5% between 2012 and 2016 to reachUS$1.6bn by the end o

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BMI: United Arab Emirates Telecommunications Report (Dec-11)

2012-01-16 19:52:00 (читать в оригинале)

BMI?s Q112 update to the UAE?s telecommunications market report incorporates market data from theTelecommunications Regulatory Authority (TRA) and telecoms providers Etisalat and EmiratesIntegrated Telecommunication Company (du) relating to the end of September 2011. It contains ananalysis of the mobile, fixed-line and broadband markets, and recent regulatory developments. It alsocontains our growth forecast for the key sectors, which has been extended to 2016. Meanwhile, ourpenetration rates changed significantly this quarter following a revision of the UAE?s population databased on the World Bank?s statistics.According to the TRA, there were 11.262mn mobile subscribers in the UAE at the end of September2011, reflecting a penetration rate of 142.7%. The market grew by just 0.7% q-o-q in Q311, slightly downfrom 1% in the previous quarter, and 3.8% y-o-y. Growth in the UAE?s mobile market for the 12 monthsto September 2011was solely driven by second-ranked du, which recorded total net additions of 857,000subscribers during that period to offset Etisalat?s total net loss of 438,000 for the same period. It is worthmentioning that our subscriber figure for Etisalat is based on the TRA?s market data, which comply witha strict 90-day activation period for active lines. We have upgraded our mobile growth forecast thisquarter following strong net additions during 9M11. We now expect the number of mobile subscribers inthe UAE to reach 12.385mn by 2016, reflecting a penetration rate of 145.5%.The fixed-line sector recorded positive growth in Q311, albeit it at a significantly slower rate than inQ111. This suggests continued demand for fixed-line connections despite the rapid take-up of mobileservices. We factored in this trend in our previous update, therefore there is no change to our shortmediumterm growth expectations. We expect the increase in competition following the implementationof fixed network sharing and the expansion of serv

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BMI: United Arab Emirates Petrochemicals Report (Nov-11)

2012-01-16 19:52:00 (читать в оригинале)

The UAE is set to witness a further surge in petrochemicals capacities over the next five years as itbecomes a major supplier to the Chinese market, according to BMI?s latest UAE Petrochemicals Report.The success of Abu Dhabi?s massive Borouge complex is confirmed in Borealis? recently publishedfinancial results, which showed that the company made EUR98mn in net profits from the joint venture inQ311. The plant was therefore unaffected by the soft patch in European demand and the overall globalmarket nervousness that led to a narrowing of polyolefins margins. Borouge?s strength, compared to theperformance of European operations, underlines the growing importance of competitive Middle Easternproduction for the balance sheets of majors. Even though the UAE?s petrochemicals sector is moredependent on less competitive naphtha feedstock than ethane-fed facilities in Qatar and Saudi Arabia, ithas continued to thrive utilising its supplies.The second phase of the Borouge complex at Ruwais, Abu Dhabi, began production in mid-2010 with a540,000tpa PE unit coming onstream in July. In Q410, an olefins conversion unit producing 752,000tpaof propylene, together with 50,000tpa of propylene delivered from Adnoc?s refinery, began supplying thetwo Borstar PP units with combined capacity of 800,000tpa. Borouge 2 will triple Borouge?s polyolefinscapacity to 2mn tpa when it becomes fully operational by mid-2011. An additional 2.5mn tpa is scheduledonline in 2013, following the completion of Borouge 3. The new capacity will be marketed mainly to theMiddle East and Asia Pacific, targeting high-end applications in the pipe and high performance packagingareas. Borouge 3 will have capacities of 1.43mn tpa PE and 960,000tpa PP supplied by a 1.5tpa ethanecracker, with US$4.6bn worth of construction contracts signed in Q210.The Chemaweyaat project will include an olefins plant, an aromatics complex and a range ofdownstream polymer and chemical units and w

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BMI: United Arab Emirates Defence & Security Report (Nov-11)

2012-01-16 19:52:00 (читать в оригинале)

The United Arab Emirates (UAE) has maintained political and economic stability in a region fraught withturbulence. High living standards and high levels of employment contribute to a stable communityunlikely to cause upheaval such as is occurring across other Middle East and North Africa (MENA)nations. As a result, the UAE has successfully attracted foreign investment in a way that its neighbourshave not been able to do. Our GDP growth forecast for 2011 and 2012 remains at 3.3% as high oil priceshave helped the UAE bounce back from the 2009 global financial crisis.Its ties with Western nations and multinational companies, as well as its oil and natural gas resources,plus its geographic position on the Arabian Sea put the UAE in a strong strategic position. This alsoforces the UAE to play a complicated diplomatic game of balancing its relations with the West andmaintaining its credibility as a regional player.This complicated balancing act has been on full display over recent months. The UAE played a crucialrole both diplomatically and militarily in the Libyan conflict. It provided western nations with muchneededArab support for the NATO action and provided 12 jet fighter planes to the effort. The UAE hasalso played an important role in the ongoing Somali famine. Al-Shabab, the Al-Qaeda affiliated militantgroup that controls much of the country, has barred most Western aid agencies from operating in largeswathes of Somalia. The group, however, has been more open to NGO?s from Arab countries, and theUAE has played an important role in getting aid into Somalia. Both of these operations have put the UAEfirmly on the side of the US and other Western nations, demonstrating the relatively positive andconstructive relationship the country has with the West.At the same time, the UAE has split from the US and other western countries on another importantregional issue ? Palestine?s bid for recognition at the UN. The UAE has supported the

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BMI: United Arab Emirates Autos Report (Dec-11)

2012-01-16 19:52:00 (читать в оригинале)

BMI expects new car sales in the UAE to rebound significantly in 2011, despite the industry having beenimpacted by central bank moves earlier this year aimed at restricting the amount of car financingcustomers can use to buy new vehicles.BMI's view that credit restrictions will create opportunities for vehicle financing units in the Middle Eastis playing out, as dealers in the UAE launch finance programmes in response to new credit regulations.The new rules state that banks cannot lend more than 80% of the vehicle's value. Coupled with that is arestriction on the amount of credit an individual can access in relation to their monthly income. Anecdotalevidence shows that vehicle sales in the UAE fell by between 20% and 40% year-on-year (y-o-y) as soonas the new rules came into effect, as many consumers predictably brought purchases forwards to Marchand April when 100% financing was still available.However, some carmakers and dealers have since taken a pro-active approach to boosting sales with theirown financing packages. There is clearly a response to the new banking regulations in some of theschemes, which cut down the monthly instalments. Under the new regulations, loan repayments shouldnot account for more than 50% of a person's monthly income.Toyota Motor remains the dominant player within the UAE new car sales market, with the NationalSales & Marketing Manager for local dealership Al-Futtaim Motors, Andrew Squires, stating that thecompany has a market share of close to 41% in 2011 year-to-date. According to a report on the AMEinfowebsite, Squires acknowledged that the current year has been challenging, but that he was ?delighted toreport that sales have now regained a steady pace? of around 15% year on year. He was hopeful that thisrising sales trend would continue into 2012. Toyota boasts the most popular mid-size car in the UAE withits Corolla model, and its Land Cruiser and Prado models also lead their segments.Ho