Dh700 Billion ABU Dhabi's Top 10 Projects

Abu Dhabi's future plans, including infrastructure projects are worth Dh700 billion. Will this billions finally materialize their vision for economic development in 2030?

Analysts believe this is the tip of the iceberg as the UAE capital has yet to unveil the major projects that will help it to realise its 2030 vision, which will more than triple the current population.

Many of these projects are being showcased at Cityscape Abu Dhabi, which closes today after extending the show by one day at government request.

Abu Dhabi, Potential Developing Projects Destination

Saudi Arabia-based real estate investment and development company is planning a good investment oppurtunities in prime areas of Abu Dhabi.

He said The Land has partly delivered their project in Jordan, while one tower out of the proposed 17 to be built on Qatar's Pearl Island will be delivered by December this year.

"We are also going to develop Perlita Island in Qatar where we are planning a residential and tourist project. As well, we will build an office project in Qatar's Energy City," said El-Helou.

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GCC Stocks Recover in April

After enduring stocks volatility for past months, GCC stock markets are now recovering, particularly this April. Will the recovery continues? Lets Find out.

With oil prices likely to remain relatively high over the next few years, the country’s economic boom looks set to continue in the near term. Oil is likely to play a crucial role in UAE’s growth in the next few years. However, non-oil GDP is likely to dominate overall growth in real and nominal terms with private sector playing a bigger role in future helped by surge in oil prices that has boosted the oil earnings and helped to underpin public investment and private confidence. Going forward, the government’s main challenges include pushing ahead with diversification into more labor intensive activities, and leverage the Emirate’s strong hydrocarbon sector to stimulate and support broader economic growth.
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Survey: UAE Banks Extend Good Performance

UAE banks will surely make it better in 2008 as they were being praised for a good performance last year, survey said.

Fitch said it expects banks to perform strongly in 2008, given that performances rely heavily on core banking activities, and also in the light of continuous strong demand for credit.

Despite sector loan growth of 40 percent in 2007 and strong growth in prior years, asset quality remained sound in 2007, Fitch noted.

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UAE, 2nd Largest Regional Stock Market,

In Arab countries, who is on the stock markets' top index is a competition among each other. It is where a country's economy can be measured.



Among the stock markets in the Middle East, UAE stock market is now on the second spot, replacing Kuwait which landed on the third.

The new post of UAE stock market as the second largest regional stock market is definitely a non-debatable issue, because of its excellent performance. As a matter of fact, the share volumes in UAE stocks are more than tripled in the first quarter of 2008 as compared with the same quarter last year.

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UAE Stocks Updates

Here's an updated reports of UAE stock and shares markets:

Samba Financial Group, the second-largest bank in the kingdom, gained 6.1 percent to 95.5 riyals.

The Kuwait Stock Exchange Index retreated 0.6 percent, while the Bahrain All Share Index advanced 0.4. Oman's Muscat Securities Market 30 Index dropped 0.4 percent and Qatar's Doha Stock Market lost 0.2 percent.

Doha Bank Ltd. gained 3.9 percent to 84.7 riyals. Qatar's fifth-biggest lender by market value was rated ``overweight'' in new coverage at Morgan Stanley with a price estimate of 111 riyals.

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Global Investment House Acquires 2 Egyptian Financial Companies

Beating the competitive world of financial industries, the Global Investment House, in its effort for worlwide expansion has acquired two leading financial companies in Egypt.


These two are the Capital Trust Co. which is based in Cairo and specializes in Asset Management and Misr International Securities, based in Alexandria and specializes in securities and brokerage.


The acquisition of the two leading Egyptian companies, according to Mr. Omar M. El Qupa hopes to provide and investment community in Egypt which cater the Egyptian market with products and services that would surely match up or even exceed the expectations of the consumers in Egypt.


Global Investment House likewise envisions to provide affordable and effective financial services such as: the establishment and management of investment funds, portfolio management, brokerage, private and public placement, underwriting, advisory, dealings as a principal and as agent, and custody.

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