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Posts Tagged ‘ UAE ’

Apple Inc. (AAPL) & Nokia Corporation (NOK): Top Mobile Brands In UAE

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May 6, 2013
TEST6Apple

Apple Inc. (NASDAQ:AAPL) and Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) were recently named as the top mobile brands in the United Arab Emirates. About half of the registered handsets were made by Nokia but the most popular smartphone is the Apple Inc. (NASDAQ:AAPL) iPhone 4S. These statistics were discovered by the Telecommunications Regulatory Authority. Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) manufactured about 50 percent of the mobile phones that were registered. Blackberry is in second place with 10.7...
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Shale, Solar Projects Set to Swell in GCC Oil Rich Countries

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March 19, 2013
TEST6saudi arabia oil

The Nations on the Arabian Peninsula, most notably Saudi Arabia, already dominate world oil production. Today’s news suggest the region may try to boost its oil output, while at the same time concentrating on developing renewable energy sources like solar, and shale gas. Both ‘resources’ are plentiful in the region. Recent reports have shown that Israel also has access to massive opportunities in shale oil. Saudi Arabia’s oil minister has announced that the energy giant is...
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Tiger Global Buys Dubai Based Deals Site Cabone [UPDATED]

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March 12, 2013
TEST6cobone

Tiger Global, a famous hedge fund founded has acquired Cobone, a global daily deals website based in Dubai, a city-state in the United Arab Emirates (UAE). According to a press release, the amount of shares purchased by the investment management firm is unknown. Tiger Global’s decision to acquire stakes in Cobone indicated that the local internet start-up has the ability to generate high return-on-investments. According to the report, the hedge fund’s capital infusion will...
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Is Qatar About To Destroy The GCC?

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January 14, 2013
TEST6Qatar

Qatar and its relationship with other members of the GCC was discussed in the first part of this series. Now let us look at something which the media seems to be missing. As we pointed out, and is known to anyone following the GCC, Shia Iran is the issue which unites the GCC. However, what everyone else is missing is that the Iranian issue might not be enough to hold the six allied countries...
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Will Qatar’s Aggressive Foreign Policy Break Up The GCC?

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January 11, 2013
TEST6Qatar

For years Saudi Arabia has been criticized for promoting extremism around the world. Saudi Arabia with its massive amount of petro dollars has funded schools, groups (and politicians)  in countries across the globe. Up until the US invasion of Afghanistan, Saudi Arabia was one of only three countries to have formal diplomatic relations with Afghanistan while under the rule of the Taliban. Saudi Arabia has a bizarre setup, where the royal family can do what they want in exchange...
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Dubai Property Bubble Re-Emerges?

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December 31, 2012
TEST6dubai property

Mortgages in the United Arab Emirates and Dubai will be limited to half of a home’s value for foreigners who wish to invest in the nation’s real estate market. Foreigners who wish to purchase a second home in the country can receive only 40 percent of the home’s value in the mortgage from Dubai’s central bank. Bloomberg News reports that citizens of the UAE can receive up to 70 percent of their home’s first...
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Egypt & Kuwait in Talks Over $4B Natural Gas Deal, ME Markets Mixed

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September 23, 2012
TEST6egypt gaza border

The Middle East is one of the only regions with markets open on Sunday. Among the noteable countries where markets are open today; Saudi Arabia, Qatar, Kuwait, Oman, UAE (countries which are part of the GCC) Egypt and Israel. Below is a list of notable financial and market news from most of those countries. The biggest news is a possible deal between Egypt and Kuwait for a $4 billion natural gas agreement. Saudi Arabia Saudi Arabia’s Tadawul...
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