Saraya Bandar Jissah, the company developing Oman’s newest Integrated Tourism Complex, today announced the release of Zaha their first residential units for sale. Located on the outskirts of Muscat, nestled between the Al Hajar Mountains and looking out onto the pristine and secluded Bandar Jissah bay is the premiere Saraya Bandar Jissah development, Oman’s newest Integrated Tourism (ITC) project –a joint venture between Saraya Oman and the Government of the Sultanate of Oman’s tourism development and investment company, Omran. Read the rest of this entry »
Emaar Community Management showcases latest initiatives at Cityscape Global
Emaar’s Community Management programme will be at the forefront of sustainable developments on show at Cityscape Global this month, as UAE residents reveal their desire to adopt a greener lifestyle, both at work and at home. Read the rest of this entry »
Company’s latest financial report shows Net Income of SAR 84.3 million
Red Sea Housing Services Co. (RSH) has posted outstanding performance for the first half of 2014, revealing Operating Income of SAR 41.59 million, a growth of 17.69 per cent compared to the same period of 2013. Read the rest of this entry »
Machine builders can now easily implement required safety functions while improving productivity with the Allen-Bradley Guardmaster 440C CR30 safety relay from Rockwell Automation.
Users can program the safety relay through the free Connected Components Workbench software from Rockwell Automation. Connected Components Workbench software reduces programming time and helps increase productivity by allowing users to create, control and monitor a safety system in the same software environment as their standard control. Read the rest of this entry »
BRIC (Brazil, Russia, India and China) markets bring bigger capital inflow into UAE than MENA markets, with India topping the list: Fortress InvestmentsAugust 2014 in News by edster
MSCI upgrade of the UAE to emerging market status places it within the BRIC grouping
Fortress Investments, a leading investment firm operating in the Middle East, says that there is a significant increase in capital inflows into UAE from emerging markets, particularly the BRIC countries (Brazil, China, India and Russia), surpassing inflows from MENA (Middle East & North Africa) region.
Hamed Mokhtar, Managing Director at Fortress Investments said: “The UAE is becoming more important on a global scale, in addition to emerging as an unparalleled investment hotspot. The capital invested in the UAE from MENA region is more in the form of individual property assets, whereas UAE’s role in attracting capital flow from BRIC countries is the result of progressive government measures and global partnerships.”
He added: “India commands the lion’s share of BRIC capital coming into the UAE. The UAE is a net importer of capital mainly from emerging markets and regional markets, where capital inflow from developed markets is low.”
This significant revelation comes on the heels of index provider MSCI’s upgrading the United Arab Emirates (UAE) to ‘emerging market’ status, thus putting the UAE in the ambit of the BRIC grouping.
He added: “Financial robustness of the UAE financial markets, specifically Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM), not only spells financial gains but also stronger economic sentiment that boosts the image of the UAE as a global powerhouse that is much valued by groups like BRIC.” Read the rest of this entry »
Schneider Electric Appoints Ziad Mortaja as Country President for its Operations in the Saudi ArabiaAugust 2014 in News by edster
Schneider Electric, a leading global specialist in energy management, today announced the appointment of Ziad Mortaja as Country President for its operations in Saudi Arabia and Yemen.
Schneider Electric enjoys a strong presence with three manufacturing plants employing over 1,200 staff in the Kingdom, and a robust network of marketing partners. As part of his role, Mortaja is tasked to plan and implement strategies that further drive Schneider Electric’s growth, profitable revenue streams and market expansion. Read the rest of this entry »
A Volatile US data Give the Fed an Opportunity to Buy Some Time
As the holidays come to an end, we come to a very busy data week in the US in conjunction with the FOMC meeting. All these events have given the market some hope from the emergence of volatility, as signs of wage inflation emerge and GDP rebounds, which has the USD bulls excited. Read the rest of this entry »
Improved cost structures and lower depreciation help increase operating profit by EUR 41 million to EUR 114 million / competitive pressures on fares, devaluation of the Venezuelan bolivar and pilots’ strike depress second-quarter results / Lufthansa Group to slow capacity growth for the winter period and go on the offensive with new innovation and quality drives / profit outlook for 2014 and 2015 confirmed Read the rest of this entry »
• The Saudi equity market will be opened to foreign institutional investors only
• Rotate into high-yield bonds which offer better value
• Large IPOs could drain money out of stock markets and raise volatility ahead Read the rest of this entry »
Specialist Interior Refurbishment Contractors, Quest Interiors has been awarded triple certification in OHSAS 18001, ISO 9001 and ISO 14001, validating their commitment to health and safety, quality and the environment. Read the rest of this entry »