Archive: August, 2015

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31

Aug2015

Mohamed El-Erian: Get used to cheap oil

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August 31, 2015
[:en]  Saudi oil producing policy is a smart long term strategy. Saudi Arabia has tremendiouse reserves and low oil cost that can sustain growth with much more options than high cost ones such as massive debt capabilities. Countries with high cost oil producing will have difficulty sustaining. Source CNN[:]

20

Aug2015

China smartphone sales fall for first time: Gartner

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August 20, 2015
[:en]Smartphone sales in China, the world's biggest market for the devices, fell in the second quarter for the first time, market research firm Gartner Inc (IT.N) said on Thursday. Sales of smartphones in China declined 4 percent in the quarter, the first year-over-year fall, the ... Read More

19

Aug2015

IMF Executive Board Concludes 2015 Article IV Consultation with Saudi Arabia

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August 19, 2015
[:en]On July 29, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation1 with Saudi Arabia. Saudi Arabia has been one of the strongest growing economies in the G-20. Rising oil prices and production resulted in large external and fiscal surpluses and strong government ... Read More

12

Aug2015

International tourist arrivals up 4% in the first four months of 2015

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August 12, 2015
[:en] International tourism demand continued to be robust between January and April 2015 with tourist arrivals increasing 4% worldwide according to the latest UNWTO World Tourism Barometer. Almost all regions enjoyed strong growth. Prospects for the May-August period remain upbeat, with close to 500 million tourists ... Read More

11

Aug2015

China devaluation clobbers stocks, dollar gains on forex fear

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August 11, 2015
[:en]China's 2 percent devaluation of the yuan on Tuesday pushed the U.S. dollar higher and hit Wall Street and other global equity markets as it raised fears of a new round of currency wars and fed worries about slowing Chinese economic growth. U.S. stock indexes slumped more than 1 percent and ... Read More

11

Aug2015

UAE e-Dirham system collects $1.1bn in H1

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August 11, 2015
[:en]The UAE Ministry of Finance has announced that the federal government’s e-Dirham system collected revenues of around Dh4 billion ($1.1 billion) in the first half of 2015, an increase of 11 per cent compared to the same period last year. Around 80 per cent of the revenue collected thus far has ... Read More

02

Aug2015

Millennium & Copthorne partners with Saudia

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August 2, 2015
[:en]Millennium & Copthorne Hotels announced the signing of its frequent flyer global agreement with Saudi Arabia's national carrier, Saudia , and Alfursan the airline's loyalty program, underlining its commitment to developing a strong brand presence across the Kingdom. The partnership will allow Alfursan members to start earning 500 ... Read More

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