149 billion dirhams non-oil trade of Abu Dhabi in 2012
Total foreign trade volume of non-oil of the Emirate of Abu Dhabi in 2012 approximately 2.149 billion dirhams, reaching the value of imports about 119 billion Dirhams, distributed among the seaports by 63% and ports air 18% and wild 19%, while exports have totaled about 4.15 billion dirhams, and for re-export revenues were valued at about 15 billion dirhams, mostly through air ports.
In relation to the geographical distribution of the map of foreign trade of the Emirate of Abu Dhabi in 0.2012 data confirmed ESS General Department of Customs Abu Dhabi that the largest share of imports was from the United States with a value reaching 3.14 billion dirhams, followed by South Korea worth 2.13 billion dirhams, then Saudi Arabia worth 12 billion dirhams.
The non-oil exports has China ranked first $ 4 billion dirhams, followed by Saudi Arabia worth 8 .3 billion, and then Singapore about two billion dirhams, and in the field of re-export, Bahrain Top revenues were worth about 4 billion dirhams, followed by Saudi Arabia worth 5 .2 billion and then Qatar billion dirhams.
Oil falls and remains near its highest level in 9 months
Oil fell a slight decline to come down from $ 119 a barrel on Monday but remained near its highest level in nine months as offsetting investor concerns about the euro zone economy on stronger-than-expected growth of demand in China.
European shares fell and the dollar index. Brent crude was recorded the highest level in nine months on Friday after data showed the rise in China’s imports of crude to the third-highest rate ever.
Said Rick Spooner, senior market analyst at CNN. Um. C Markets in Sydney that the oil price gains “occur on the back of improved average general expectations of global economic growth and demand.”
By 0933 GMT Brent crude fell 24 cents to $ 118.66 a barrel after hitting $ 119.17 on Friday, the highest price since May. U.S. crude fell nine cents to 95.63 dollars
Shares rose crude oil futures during the European morning hours on Tuesday, as investors returned to the market for further evaluations selling the previous day, which led to a reduction in prices over the week.
On the New York Mercantile Exchange, contracts were traded light sweet crude for delivery in March at $ 96.41 a barrel during European morning trade, gaining 0.25% on the day.
Oil prices rose on the New York Stock Exchange by up to 0.3% earlier in the session to hit a daily high of $ 96.45 a barrel.
Oil prices fell by 1.6% on Monday over a week to hit $ 95.91 per barrel with political uncertainty in Spain and Italy, fueling concerns over the debt crisis in the region, and led to higher borrowing costs
The yield on Spanish bonds in 10 – to 5.5% on Tuesday in early, while Italian bond yields similar maturity rose up to 4.54%.
Spanish Prime Minister Mariano Rajoy and drew calls for his resignation from the leader of the opposition in the country, after allegations that he and senior officials of the ruling People’s Democratic Party received secret payments.
At the same time, in Italy, which launched uncertainty about the outcome of the next general election and former Prime Minister Silvio Berlusconi gains in the polls. In addition, there were also concerns about the health of the Italian banking system.
Prompted investors to avoid the news riskier assets such as equities and industrial commodities, and flock to traditional safe-haven assets such as U.S. Treasuries and the dollar.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.1% to trade at 79.68.
Dollar-denominated oil futures contracts tend to fall when the dollar rises, and this makes oil more expensive for buyers in other currencies.
Prices came under pressure after announcing that Iranian Foreign Minister Ali Akbar Salehi said Sunday that Tehran would be interested in participating in the bilateral talks on its nuclear program, as long as there is a “good faith.”
The minister’s response to the offer by the United States for talks, which were led by the five permanent members of the Security Council of the United Nations.
Salehi said that the next round of talks will be held in Kazakhstan on Feb. 25.
Oil traders awaited new weekly information on U.S. stockpiles of crude oil and refined products to gauge the strength of oil demand in the world’s largest consumer of oil.
The American Petroleum Institute will publish a report on oil stocks later in the day, while the report is expected to show on Wednesday that crude inventories rose by 2.8 million barrels.
Elsewhere, in ICI Stock Exchange, were little changed on oil futures Brent for March delivery traded at 115.57 dollars a barrel, where the difference between stop Brent crude at 19.16 dollars a barrel.
Hit ad spending in the state during the past year 5.67 billion dirhams (1.58 billion dollars) compared with 5.28 billion dirhams (1.44 billion dollars) during the year 2011 the growth and of 9%, and maintained so the UAE lead in the region in terms of spending on advertising, according to the report issued recently by the Arab Center for Research and Consultancy Studies “Park.”
The total advertising expenditure Arab during the past year to 62.75 billion dirhams (17.1 billion dollars) growth 19%, compared with 52.8 billion dirhams (14.4 billion dollars) in 2011, and made the declaration regional cross-border growth rates reaching 38.5 billion dirhams (10.5 billion dollars) compared with 29.7 billion dirhams (8.1 billion dollars) in 2011, a growth of 29%.
Distribution
Regarding the distribution of advertising spending in the UAE in 2012, a report showed Park acquisition newspapers on a 56% share of total advertising spending in the state last year as recorded ads worth 3.25 billion dirhams (887 million dollars), a growth rate of 4% with 2011.
Came magazines ranked second Acquired a share of 15% and recorded spenders b 880.8 million dirhams (240 million dollars), compared with 847.7 million dirhams (231 million dollars) in 2011 growth of 4%, and the share of outdoor advertising and road 14% of the total spending last year registered spenders 807.4 million dirhams ($ 220 million) a 67% growth compared with $ 132 million in 2011.
Record spending on ads in cinemas growth of 97%, achieving 106.4 million dirhams (29 million dollars), compared with $ 15 million in 2011. The decline in spending on television advertising by 6% to 572 million dirhams ($ 156 million) compared with $ 166 million, as radio advertising dropped by 3% to spending 183 million dirhams ($ 50 million) during 2012, compared with 52 million dollars in 2011.
Motives growth
Sami Raffoul General Manager Arab Center for Research and Consultancy Studies “Park” to be the most motivated growth declaration in Dubai and the UAE is the role of government effective in stimulating and activating economic mobility and the development of a business environment attractive to domestic and foreign investment, as well as the government continues to create investment opportunities and diverse business to the private sector .
New direction
He pointed Raffoul to the emergence of a new trend in the advertising market UAE for the first time in 2012, where he used advertising expenditure on volatility during the months of the year between high and sometimes falling at other times in previous years, but last year recorded a steady growth in advertising expenditure since the beginning of the year and continued to rise for up to peak during the fourth quarter of 2012.
Where the average monthly advertising expenditure during the first quarter of last year in the state $ 120 million, and soon grew steadily to reach $ 144 million per month during the fourth quarter of the year.
Spending states
The Egyptian advertising market came in ranked second in terms of growth rates achieved, according to the report, “Park”, which recorded a growth of 17% and advertising expenditure in Egypt last year 1.1 billion, compared with $ 962 million in 2011. Came Arabia ranked second among Arab-sized spending, recorded $ 1.4 billion last year, compared with 1.3 billion in 2011 growth of 8%, and record advertising expenditure in Qatar grew by 4% to $ 461 million compared with 444 billion in 2011, while the total expenditure in Kuwait on advertising $ 969 million.
Said Sanjay Verma, Consul General of India in Dubai, said India maintained its position as the largest trading partner of the UAE and it is according to figures fiscal year recent Indian has recorded trade between the two countries about $ 71 billion a year, or about $ 200 million a day, stressing that it was maintaining the positive momentum in trade between the two countries are expected record bilateral trade worth $ 38 billion during the first six months of the current fiscal year to India, which expires on 31 March 2013.
Verma’s comments came on the sidelines of a ceremony organized by the Indian Consulate in Dubai at the Grand Hyatt Hotel on the occasion of the sixty-fourth anniversary of the founding of the Republic of India in the presence of His Excellency Humaid Mohamed Al Qutami, Minister of Education in the country and a host of diplomats, businessmen and members of the Indian community in the state.
Investments
Verma stressed the great activity for bilateral investments between the two countries in recent pointing out that during the past two months, the flow of $ 1.2 billion of Indian investments to the United Arab Emirates. The UAE is the largest investor for India.
Tourism
Verma said that the Indians do not accept to visit the UAE for business purposes only, but also increasingly for tourism, adding that in 2011, about a million visitors came to Dubai and Indian alone. In the year 2012 had about 1.2 million Indian tourists, pointing out that the growth of the tourism sector is essential to the growth of Dubai.
Transfers
Verma stressed the importance of remittances Indians in the UAE, saying it was an important contributor to the Indian economy, he said, adding that in view of the mutually beneficial relations, consideration should also be given to the fact that India is among the largest consumers of oil Emirati.
Verma said that India and the United Arab Emirates are linked in many fronts in the contemporary world as well as cultural and civilizational links great that originated thousands of years ago. He also spoke Verma to attend philosophy or common vision shared by both India and the United Arab Emirates. The two countries believe that people of different creeds and faiths can live and prosper together in peace.
Flights
Sanjay Verma revealed running about 600 flights a week between the UAE and various Indian cities, saying that there are flights between India and the United Arab Emirates every 20 minutes. Turning Verma to talk about successful global business models for Indian businessmen in the UAE, especially in the areas of health, education and the retail sector. For example, leading a group educational James the largest chain of private schools in the UAE is also working outside the UAE, saying that a recent Deloitte study showed that two of the leading retail chains in the world are located in the UAE and the two Lulu and Landmark two indian companies in UAE
Dubai Duty Free announced, sales volume growth by the end of 2012 to record highs reached 5.9 billion dirhams (1.6 billion dollars), an increase of 10% compared with 2011. Comes the announcement of the results in conjunction with the start of work in the market stores in the new hall building (Concourse A) at Dubai International Airport.
Saw sales Dubai Duty Free is performing well since the beginning of the year, and continued to rise, ending December sales monthly new record and reached to 619 million dirhams ($ 169 million), and celebrated the Dubai Duty Free on December 20 anniversary of 29 foundation, launched on the occasion Showing discounts promotional 25% , and subsequently witnessed daily market sales increased significantly registered 76.91 million dirhams ($ 21 million) in just 24 hours.
Said Colm McLoughlin, Executive Vice Chairman of Dubai Duty Free: We are delighted to announce the success of season 2012, he has worked all the team at Dubai Duty Free hard for continued sales growth, and while we focus on expanding our business in the new hall at ( Concourse A), we recruited 1.600 new employees in 2012, bringing the number of workers in the Dubai Duty Free to 5,200 people, and extend sincere thanks to His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation, Chairman of Dubai Duty Free, for his support and encouragement, and I join His Highness to thank all workers, suppliers, and customers, Dubai Duty Free, for their contribution to the great success of the year.
Sale transactions
Extends outlets Dubai Duty Free retail at Dubai International Airport – after the opening of Terminal E (Concourse A), allocated to the Emirates fleet A083 on an area of 26 thousand square meters, has recorded market in 2012 about 23.5 million transactions sale, at a rate of 64 thousand a sale transaction day.
Perfumes topping
According to the sales volume of each class, maintained perfume on center stage in the list of sales after it posted a 907 million dirhams (249 million dollars), representing an increase of 13% or $ 28 million compared with last year, and constitute fragrances 15% of the total market sales Dubai free.
Keep Gold for third place, recording AED 582 million (159 million dollars), and achieved a tobacco sales of $ 476 million dirhams (130 million dollars), an annual increase of 10%, and sales jumped candies and sweets to fifth registered 465 million dirhams (127 million dollars ), an increase of 18% compared to last year.
Sales from electronics increased significantly by 13% and $ 460 million dirhams (126 million dollars), and sales rose watches by 11% registered 396 million dirhams (108 million dollars), as well as cosmetics 14% registered 373 million dirhams (102 million dollars).
And saw all retail outlets of the free market in the gates Dubai Airport three a rise in sales volume, as recorded Gate 1 overall increase by 7%, while sales increased gate No. 2 by 15%, while sales rose Gate 3, which constitute sales 60% of Total market sales – by 11%, and the percentage of the increase in retail sales at the gates “Arrivals” 13%.
Gold & Diamond Park on Sheikh Zayed Road, is the first destination for lovers of gold, diamonds and other gemstones in Dubai.
The complex includes more than 30 shops for the sale of the finest and most prestigious formations of gold and diamond jewelry and trendy high-end jewelry, in addition to many global brands such as Kara for jewelry.
Gold prices in UAE rises 3 Emirates dirhams per gram
Gold prices in UAE rise again for the third week in a row between three to four dirhams per gram of various carats of gold according to the prices of gold in Dubai and Sharjah today with Compare gold prices for the last week and which Exceeded 12 dirhams over three weeks
The officials gold sales in Dubai said that rising gold prices in the past week has had a major impact on the movement of gold, where sales dropped by nearly 60 percent with limited movement on the sale of old gold by consumers.
The price of a gram of gold in the UAE today (24) carats 210.75 dirhams, up 3 dirhams from last week, while the price of a gram (22) carat 198.5 dirhams, scoring gram (21) carats 188.75 dirhams, and the price of gram ( 18) carats 161.20 dirhams.
Says Abdullah Mohammed Tuhami sales manager in place of «Jewelry teller» Trade jewelry that increasing gold prices in the UAE for a third week may have contributed to the lack of sales and the decline of up to about 60% compared to last week explaining that the rise in gold prices in the UAE for more than 12 dirhams to pay some consumers to resort to selling gold Jewelery to take advantage of current high gold prices.
On the other hand, said one gold dealers in Dubai gold market that most gold traders await improved the situation and preparing for festival (Diwali) Indian, which resolves after about a month, which exceed the sales of gold and buy gifts, which may contribute to the increased gold sales Emirates during that period, especially with coincided with the Eid al-al-Adha
Gold price Today Dropped with the rise in the dollar and investors stopped after pushed prices up 16% from the lowest level this year after measures of global central banks to support faltering economies.
And led purchases of bonds and plans to buy them on the part of central banks in the United States, Europe and Japan for heavy turnout for gold as investors expect rising inflation, prompting price of the precious metal on the level since February in the previous session, according to Reuters.
The investors hope that China take similar action after data showed on Thursday that China’s manufacturing industry continued huge contraction in September.
The preliminary reading of the recovered H-index. S. P. C Purchasing Managers China’s manufacturing industry slightly to 47.8 in September from its lowest level in nine months at 47.6 in August to remain below the level of 50 separates contraction and growth. The production index fell lows levels in ten months.
Said Lynette Tan, an analyst at Phillip Futures is not a significant improvement. There is still shrinking, so I still expect more stimulus from China, which may support gold.
Spot gold fell 0.2% to $ 1765.97 an ounce after hitting a session low of $ 1771.89.
The precious metal rose to $ 1779.10 on Wednesday, its highest level since February 29.
The dollar rose against the euro and a basket of currencies, has placed pressure on gold and other dollar-denominated commodities initial such as copper and oil. And U.S. futures fell for gold for December delivery was 0.2% to $ 1768.69 an ounce.
Platinum fell in the spot market 0.7% to $ 1620.99 to after strikers said in Lonmin platinum production company Home in South Africa earlier in the week, they will return to work after six weeks of labor unrest that killed 45 people.
Chinese Gold helped Egyptian citizen much and spread in Egypt prevalent severe, but recently appeared carat gold 12 and 14 in Egypt and became more prevalent and so making workshops Egyptian and some doubt that he went Chinese, but it went by 12 part or 14 part to 24 per part and the price of a gram 20 pounds Egyptian and this gold-making specifically for men Egyptian who clings to the customs and traditions network gold and spread carat gold 12 in popular areas and especially Embaba and Warraq and saw a blockbuster in recent months and specifically after the rise in the gold price.
And had confirmed Rafik Abbasi Chairman of the General Division of gold in a statement that carat gold 12 and 14 is the new way and innovative cheated trade and mostly that this gold went Egyptian and not Chinese has workshops Egyptian manufactured and even if Chinese is gone smuggler within the country way illegal and called on all Egyptian citizen encounters this type that has a benefit of stamp and balances for punishment of sell and confirmed that the proportion of gold in a live 12 and 14 is not bad and that is influenced by water and not weather factors and will not change color, but it enjoys solid also because the ratio of not a few, but gold is only one way to save the value and after the joy of the Egyptian citizen down the price of gold, and was considered the biggest designers gold for gold Hu gold plated has no value real gold, why spread to the middle class trying to stick social by buying large amounts of it in order to preserve appearances and social prestige, but the real blame lies on the gold shop owners who promote this gold to be real with the aim of a quick profit.
