Tag: economy

A Glimpse of America in 2015

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The year is 2015, and it’s late in the month of June. Central bank policymakers have been meeting for two days. Now it’s late in the afternoon of that second day, and Bernanke’s traditional press conference is set to start at any moment. Investors the world over have stopped everything to hear what the U.S Fed leader has to say.

Bernanke is still not the longest-serving Fed chairman: With only nine years under his belt, he has a decade to go before he’d have more service time than predecessor Alan Greenspan, or the legendary William McChesney Martin.

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Invest in Abu Dhabi

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Why you should Invest in the Industrial Sector?

Strategic geographic location.
Robust GDP growth.
State of the art infrastructure and a multi-modal transportation network.
Political stability.
Government commitment to large scale, structured investment programmes.
Double taxation agreements with several countries.
Preferential access to neighbouring and international markets through numerous trade agreements.
Safe and friendly environment.
Strong support by the Emirate for industrial projects.
GDP is projected to rise significantly over the coming few years driven by the oil and gas industry as well as the diversified manufacturing base.
Abundance of energy: Abu Dhabi owns vast hydrocarbon wealth accounting for 95% of the country’s oil reserves and 92% of its gas.
Focus on developing specialised economic zones in order to strengthen the national economy and to support it with additional income sources.

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Dubai means Business

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Dubai has a fair judicial system, a liberal economy, no income tax or corporate tax, no trade barriers, quotas or foreign exchange controls, 100% repatriation of capital and profits and strong investor incentives from the government of Dubai.

An emirate of more than 200 nationalities and cultures, living and learning from each other and creating natural vibrancy and globalization, Dubai is also strategically located between the great continents of Europe, Asia and Africa and attracts approximately 5 million investors and tourists on an annual basis.

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Dollar Falls Versus Yen

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Monday’s large aftershock came exactly a month after an earthquake and tsunami flattened towns and damaged a nuclear plant in northern Japan. It’s the second strong aftershock to hit northern Japan in less than a week.

The dollar was worth 84.75 Japanese yen in late afternoon trading in New York, down from 84.89 Japanese yen late Friday.

The Japanese yen is considered a safe-haven currency and tends to get stronger during times of turmoil. Days after the March 11 earthquake and tsunami, the yen reached a new record high against the dollar.

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