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Archive for the ‘Finance’ Category

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MOSCOW .. THE MOST EXPENSIVE CITY IN THE WORLD

03 Jun


According to a recent survey revealed that the city of Moscow is more expensive in the world where the cost of accommodation unit at night hotel room about 250 pounds sterling.

The group Haug Robinson to monitor commercial traffic in its report that New York is ranked second £ 192 and then Paris, then Dubai Femilan and Stockholm.

The newspaper “Sunday Express”, which published the report that London has been ranked tenth as no more than the cost of the hotel in the British capital for 153.91 pounds for the night.

The report, which was reported by the news agency Bahrain “us” that the popularity of some prominent tourist sites in London such as the Palace Pkingham may decline, which prompted London to the tenth position in the list of price rises between major cities.

The Elliot Frisbee spokesman for the British tourism interests that London is one of the biggest business centre in the world and is characterized by providing varying degrees of hotels and accommodation.

 

Qatar-Indonisa Company With 1 Billion Dollars

30 May

Doha: Qatar signed an investment with the Indonesian government, represented in the Ministry of Finance in Jakarta a memorandum of understanding to establish a company with an investment capital of one billion dollars, Qatar owns 85% while the Indonesian government 15%.

The newspaper “Asharq” From Qatar said that the company will invest in the sectors of energy, industry and business investment, signed on behalf of the country, Dr. Hassan Al-Abdullah board member of the Executive Body of Qatar for investment, and the signing ceremony was attended by Indonesian Vice President and the Ambassador of Qatar and a number of ambassadors and businessmen. It was also announced during the ceremony to approve the establishment of a representative office of the Asian Finance Bank, which owns Bank of Qatar Islamic 70% of its capital
 
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UNEMPLOYMENT RATE IN GERMANY

03 May


The Federal Labour Office in Germany marked decline in unemployment rates during the month of February is clearly in the hopes of the German economy’s ability to avoid the implications of slower growth of the world economy.

The report showed a decrease in the number of unemployed in Germany during the current month without a seasonal changes in the account by 50 thousand unemployed to 3.617 million jobless people, low unemployment rate increased by 0.1 percentage points to reach 8.6%, after declining by 89 thousand unemployed in the month of January last, as German television reported the “Deutsche Welle”.

He said Frank Jurgen Feissh, President of the Federal Labour Office: “The request for companies to operate in the highest levels, as moderate weather helped during the current winter season improvement in the labour market over the past few months.”

He explained that the data point to the loss of the German economy for a large portion of momentum at the beginning of the new year, as many companies are moving toward reducing the number of workers in the framework of a new round of retrenchment.

The experts expect the lower number of unemployed in Germany during the current month increased by 53 thousand unemployed after seasonal changes in the account.

 

TURKISH INVESTMENTS

14 Jan


Expects Turkish Economy Minister Mehmet Hamshk that his country this year, attracting investments Gulf exceed $ 4 billion, began flowing to Turkey since last year.

Hamshk estimated volume of foreign investments in Turkey is now more than $ 50 billion, attracted $ 17 billion of them last year, and expected to attract the country this year to 20 billion dollars, one third of the Gulf region, which looks to invest the surplus wealth in the States promising.

He pointed out that Turkey has great prospects for investment and growth, the Gulf region has significant liquidity looking for tools and places for investment and double the fiscal surplus through revenues rewarding.

The newspaper quoted “Dar memorial” at the Bank is responsible for “any RFGA Istanbul Securities,” that the “Dubai Holding” UAE bought land from the Turkish government $ 700 million to develop real estate projects.

The experts have confirmed that the return on investment in Turkish government bonds up to 10%, while the range in the sector of private property between 25 and 30%.

In spite of these investments, Hamshk pointed out that his investments in the region are still “modest” and does not live up to the European and American investments. He expected that “increasing momentum during this year, by encouraging investment procedures, which the Turkish government is planning to implement in the coming months.”

Hamshk announced that the Turkish government will take a rapid privatization projects this year and will continue structural reform in the economy, and support the role of the private sector, and investing in human resources development. He revealed that this year will see «the birth of a new constitution, encourage investment and open the way for personal freedoms, as will an amendment in the Social Security Act».

 

INTREST RATES IN EUROPE

27 Mar

The head of the European Bank Jean-Claude Trichet that European interest rates that are at their highest levels since 6 years will help to contain inflation States of the euro zone.

She pointed out that there was no urgent need to reduce interest rates, and said standing in a speech to lawmakers in the European Borksil today that the current monetary policy will contribute to price stability.

Turning European official in statements made by the network “Bloomberg” via its electronic newsletter to the unexpected rise in the confidence index of business in Germany.

He pointed out that inflation States and the euro area, which recorded the fastest rates since about 14 years will exceed the target level by the “Central” European scheduled at 2%.

He stressed that the basic components of the economy of the euro zone is good in spite of the rises in the price of the euro against the dollar over the year to Walker, which reduced the competitiveness of European exports.

 

146 BILLION DOLLARS

27 Mar

“Group of Dubai Gold and Jewellery” Statistics revealed that The total volume of global gold sector amounted to about 146 billion dollars, and got the GCC states alone more than 10%.

Monitored statistics issued by the World Gold Council indicators are encouraging investment in the sector in a number of markets with an annual global gold price fell thousand dollars.

She explained that the demand by investors to gold because of increased international capital markets disorders record ounce price increase of approximately 52% from $ 655.89 to more than a thousand dollars in the month.

Attributing the statistics reported by the newspaper “Life” London prices of yellow metal to increase investments in the sector, as managing director of the Council in the region forbid Barakat, reaching the value of the shares denominated gold and raised by the World Gold Council alone $ 33 billion so far, of which 23 billion in New York alone.

He pointed out that investment demand for gold reached its highest level in the last quarter of 2007, exceeding $ 8 billion, ruled out that prices had returned to the level at which it was last March when the price of 600 to 700 dollars, despite the decline in the price finally 1013 to $ 927.

The statistics that the UAE gold consumption was about 99.8 tons in 2007 to 92.4 tons in 2006, and sales increased 24% from 7.7 billion dirhams to 9.5 billion, and imports rose to 559 tons last year compared with 489 tons in 2006 and growth of 12.5%.

 

THE FUEL PRICE IN RUSSIA

14 Mar


Official statistics showed high gasoline prices cars in Russia in the period between 25 February and the second from March to the current rate of 0.1%.

The body of the Russian federal statistics that the average price per litre of gasoline and diesel fuel in Russia in the same period amounted to 19.59 and 20.21 roubles respectively, as reported by the Russian news agency “Novosti”.

The statistics said the high price of gasoline in the city of Moscow only by 0.3%.

It is noteworthy that the world oil prices had risen by the end of this week of 109.77 dollars per barrel, has reached the price of crude oil contracts for the month of April in the market “Nimax” 109.39 dollars per barrel rise of 64 cents, or by 0.6%, after declining earlier to $ 107.09.

In the international oil market, the price of crude rose in London “Brent” for the month of April contracts b b 70 cents or 0.7% to $ 105.9 dollars per barrel.

The price of crude futures contracts “Brent” had arrived earlier to a record volume of $ 106.39.

 

CHINA COMMUNICATION COST DECREASED

04 Mar


The Ministry of Information Industry of China for the low level of communication costs in the state by 53% during the past 5 years.

The newspaper quoted Arab “today” on the Jordanian Jiang Yao Ping, Deputy Minister of Information Industry of China said on the occasion of the Annual Conference 2008 of the Communications Services: “The communication costs declined in the State during the past year 2007 by 13.6% on an annual basis.”

The ministry jointly with the State Commission of Development and Reform Commission had announced earlier in the low cost mobile phone service by between 54 and 73%.

It is noteworthy that the number of telecommunications users in the country reached more than 900 million, including 366 million fixed telephone users and 547 million mobile phone users.

 

TURKEY FOREIGN INVESTMENTS

03 Mar


foreign investments in Turkey Reached 22 billion dollars in 2007 last year, which enjoys good investment opportunities like giant irrigation projects in the south-east of Turkey and other projects submitted by the Istanbul Municipality.

The Arabic Gulf investments, including investments group of companies” Sama Dubai “belonging to Sheikh Mohammed Bin Rashid Al Maktoum reflecting investor confidence Gulf Turkey.”