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July 24, 2014

Saudi's Tadawul is currently dominated by local retail investors, but opening up to the international market will broaden horizons (File/AFP)
13:07 GMT
Saudi Arabia's decision to open its stock market to the outside world was a good choice and already garnered strong support across the MENA region.
The overall OPEC share of total global production in 2013 averaged at 43.4 percent, slightly lower than in 2012, when it was 44.6 percent
10:22 GMT
OPEC member countries exported 4.5 mb/d of petroleum products in 2013, with the largest share devoted to Asian and Pacific countries (3.1 mb/d or 68.5 percent)
The kingdom is also expected to account for the second largest share of emerging ECM deal fees over the next 17 years (File/AFP)
08:48 GMT
Saudi Arabia will emerge as the world's seventh largest capital market by by 2030 according to a recent report.
The Dubai Real Estate market has become the focus of attention for an increasing number of investors from around the world
08:47 GMT
The launch of mega projects and renewed investor confidence have boosted real estate transactions in Dubai to Dh113 billion for the first half of the year
In the third quarter, Apple made a net profit of $7.75 billion and revenue of $37.4 billion, fuelled by healthy sales of Mac and iPhone
08:38 GMT
Consumer electronics giant Apple expects revenues to be flat in the fiscal fourth quarter ending September and predicts revenue to be between $37 billion and $40 billion.

July 23, 2014

More than 65 percent of those participating in the survey said mobile banking is an important trend for the future (File/AFP)
13:09 GMT
The UAE is now ranked as one of the top three countries in the world's online banking sector, according to a technology study. Will it be virtual banking for all in the future?
Instability and civil wars in the MENA region had a recent impart on oil supplies and demand (File/AFP)
12:12 GMT
According to a report, oil supply growth will reduce over the next 18 months. This comes with many risks. Why is the Middle East's oil industry experiencing a downfall?
The Middle East’s share of gold consumption was 6 percent last year, compared with 7.8 percent in 2010
10:36 GMT
The Middle East will take a bigger share of gold demand as buyers from Kuwait to Saudi Arabia to the United Arab Emirates diversify investments and Dubai nears offering a contract for immediate delivery bullion.
Despite the trillion debt figure, the investment grade refinancing volumes in EMEA are manageable within the normal capacity of capital markets
10:29 GMT
Middle East investment grade companies are facing refinancing needs of about $91 billion from bank and bond debt due to mature over the next four years.
It is the sixth successive quarter of increases in sales prices for residential units, with a 7 percent rise over the April-June period
10:23 GMT
Sales prices in Abu Dhabi’s residential property sector have increased by average of 17 percent in the first half of 2014, according to JLL.
The economist behind a plan to unlock at least $380 billion worth of assets from Egypt's black market says President Abdel Fattah Al Sisi.
04:31 GMT
He predicts such reforms could more than double economic growth rates within five years by giving people access to credit and the protections of legal status

July 22, 2014

Seventy percent of Israel's exports to Turkey are chemical products, while rubber products and electrical equipment accounted for another 15.5 percent.
16:00 GMT
While calls increase on the government to review Turkey's trade relations with Israel in response to the humanitarian crisis in Gaza.
Dealers in the hotels sector estimate the percentage of rented units according to the lease system at 5 percent of all housing units in the vicinity of the Grand Mosque.
04:55 GMT
New projects in the central area of Makkah has led Saudi and Gulf businessmen to renting out housing units in hotels overlooking the Grand Mosque for long-term lease of up to 15 years
“The people will go out ... to bring down the government if the price of fuel is raised.”
04:55 GMT
In the long run, reducing the subsidies would be good news for the state budget; they cost about $3 billion last year, or a third of state revenue.

July 21, 2014

The existing management of liquidity is limiting the growth of the global Islamic banking market, and how standardisation and innovation can offer a solution to this.
21:44 GMT
Traditionally, Islamic products have been designed by financiers from conventional backgrounds, who try to base them on conventional products