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Posted: April 17, 2014
UAE. the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, said its 2013 net profit tripled as it benefited from a strong performance by its financial investments.
UAE. The five-year loan has been fully swapped into US dollars by Mitsubishi UFJ Securities; The funds will be used to refinance a portion of TAQA's upcoming US$1.2 billion bond maturity.
SAUDI ARABIA. Waleed Abulkhair was already on bail for holding unauthorised meetings for reformists when he went to a fifth hearing of his trial at a Riyadh court.
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."

MIDDLE EAST BUSINESS SECTORS

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
date:Posted: April 16, 2014
UAE. Apartments sector witnessed increase of 29% whilst villa rentals have grown by 15% year on year; Over the next four years roughly 65,000 new residential units penned for completion.

MIDDLE EAST COUNTRIES

UAE. Increase in market share for Jaguar Land Rover across GCC, Levant and Morocco; MENA now 5th largest market for Jaguar and Land Rover globally.
INTERNATIONAL. It's now up to the new government to get real shale development in motion, and for Turkey to face up to its own strategic realities and join forces with Ukraine to harness LNG potential.
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