UAE INVESTMENTS IN INDIA EXCEED THE AMOUNT OF EIGHT BILLION DOLLARS

Anurag Bhushan, the Consul General of India in Dubai praised the UAE Indian historical relations, pointing out that the UAE investments in India is estimated by more than $ 8 billion, $ 2.89 billion direct investments.

He explained that the UAE is the 11th largest investor in India in the world and trade between the two countries million since 1970 rose from $ 180 to 59.61 billion dollars, and the last decline of trade between the two countries was only because of the restrictions imposed by the Indian government on exports of gold, and it is expected that the trade figures between the two countries to resume growth again in the near future.

He also noted to 26 thousand active Indian companies in the UAE market and more than 20 of India’s leading banks and Indian financial institutions, which established offices in the Dubai International Financial Centre.

The UAE trade and India recorded a $ 180 million annually since 1970. In fact, the UAE was India’s largest trading partner since 2008 until 2013 the trade fell between the two countries to 59.61 billion dollars due to the decline of gold imports.

The UAE investments in India is mainly concentrated in five sectors:

1. Construction development by 16%.
2. Energy by 14%.
3. Metallurgy by 10%.
4. Service sector by 10%.
5. Computer software and hardware by 5%.

The other sectors include the sectors of petroleum products, and precious metals, gems and jewelry, minerals, chemicals, wood and wood products, and fot the India’s imports of UAE crude fuels is 15.79 million metric tons.

There are no official statistics on the size of these investments, but according to the Indian Council for business and professionals in Dubai the investments of Indian companies in the UAE is estimated by about $ 55 billion including vehicles industries, cement, and construction materials.

Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, announced 2015 as the year of innovation, revealing the state preparations for sending the first Arabic probe to Mars.

This establish opportunities for cooperation between the two countries in the sectors of innovation and space, As Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, and Indian Prime Minister Narendra Modi, discussed before a joint strong focus on the role of creativity and innovation to support and speed up development.

Dubai has shown economic resilience and ability to deal with the vagaries of the global economy. Dubai’s economy grows by more than 4% annually over the past four years, compared with 3.5% growth in the global economy in the same period. Dubai also host the World Expo 2020, which will have economic impact on the UAE in general and Dubai in particular during the next six years, in tourism and aviation sectors and infrastructure development.

And on the exemption Emirati visa prior to enter India, Bhushan said that the exemption of visas between countries is usually reciprocal, and it’s a decision taken by each governments noting that the government of India has already eased the process of Emirati visa by allowing them access to e-visa.

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PSYCHOLOGICAL PREPARATION AND PRECAUTIONS BEFORE YOUR FIRST FOREX DEAL

Currency trading was not always that popular among Saudi investors, as it was not available but for some investors which had different results, few years ago, it became available to all investors with different stocks, so it’s reasonable to write this tips to new investors to show them what they should do.

The first and the most important thing is to take your time getting to know the market and how stuff works before getting involved in any of it. Because it’s easy for new investors to fall into easy tricks, marketers, especially on the internet, tend to trick the investors with some fancy good looking words, so you should be very cautious of these people  and maybe ask them for their past analysis and recommendations to check if they are what they claim to be, if not don’t listen to any word they say and the best thing to do is learn about Forex technical analysis and money management, it may cost you some money but it’s worth it, don’t be too excited and be patient as this type of business needs time to flourish, there are a lot of books that talk about currencies, you may read them on your own or you may get to know through training courses offered by specialized and experienced personnel, again, many marketers offer training courses, these training courses may be even be untrained people so you should be very careful.

It’s advisable not to trade with real accounts, exceeding 4000$, during the training period, as new accounts are subject to errors and problems, nobody learns for free right?! The first time is always full of problems but it gives you the experience you need, and as long as the account doesn’t exceed 5000$ dollars, it’s very useful for training.

Brokerage firms:
Brokerage firms in many currencies are often weak and don’t have enough supervision from the government so it’s advisable to choose carefully, my advice to you is to use Canadian and British firms, they are very protective and have very good insurance, you should stay away from American firms, they are very messy, you should also make sure that the brokerage company covers trading operations, there are many companies that don’t cover to its clients’ operations which may be disastrous.

As I said the most important thing is taking things slow, this should also be done when choosing brokerage company, you should watch some firms, watch their operations and search deeply into this matter and most importantly their regular past investors. Some brokerage firms are interested in investors in the Persian Gulf and Saudi Arabia in particular; they rely on investors’ losses and in some cases share the losses of investors with local marketing associations, some Saudis with regret.

Technical analysts and specialists confirmed that it’s like any other securities market where currencies are traded among currency traders.  The US dollar, for example, was tied with metal gold and one ounce was equal to 35$ until US President Richard Nixon separated the dollar link metal gold in 1973, weak economies and military forces of other countries gave a vast area unopposed to become the first currency in the world for the exchange of commercial goods, the US dollar drew strength from the consumer until it became the first currency in which was linked to the rest of the banknotes to most countries.

Frustration of the losses in the stock market and the bodies piled up a fertile environment for agents and brokers and Forex Trading professionals to attract small investors and lured them into their industry without the slightest awareness of the culture and dangers of trade. It also does hide the secret that some Forex Trading brokers outwitted in various ways on the simple investors. to gain investor confidence. The Global currency trading market isn’t all cons, there are people who are trustworthy and have the required work ethics to ensure credibility in dealing and advice in this area.

DECLINES IN THE GULF STOCK MARKET AFTER RELUCTANCE OF INVESTORS TO PARTICIPATE IN RAMADAN

The Gulf stock markets witnessed a decline on Thursday’s session despite the high oil prices due to reluctance of some local individual investors to participate in with the beginning of Ramadan. The main index of the Saudi market declined by 0.4 percent and Al Rajhi Bank stock has declined by one percent, causing a huge pressure on the index.
Al Rajhi shares also witnessed a rise gains by 3 percent this week with the investors anticipation for a strong statement from the US Federal Reserve after the committee monetary policy-making meeting, as it help raising interest rates in the United States which Saudi Arabia will follow due to the big link between the riyal to the dollar profit margins of banks in the Kingdom such as Al Rajhi. But the US Federal Reserve cut its forecast for economic growth in the United States in 2015 on Wednesday due to the weak start of the beginning of the year. There is a negative factor for the market to Saudi Arabia due to the absence of large funds since the opening of market to foreign direct investment last Monday.
And based on the latest data from the stock market which shows that the opening market on Wednesday for foreign institutions didn’t shake the market at all. According to Reuters most of the foreigners bought local shares with three million dollars value from Monday to Wednesday, and there is a possibility of non-registration for these flows because of its smallness.
And same In Dubai, the Dubai’s index fall by 0.6 percent, with the decline in Emaar the lead stock by one percent after Emaar Egypt priced its public offering to 3.8 Egyptian pounds per share. The company stated this month that the offer will be priced between 3.5-4.25 pounds per share. The shares of Al-Rahn company which Emaar owns great share declined by 4.4 percent although been actively traded stock in Dubai. Most of the Gulf stock markets witnessed declines except The Qatar Exchange index, which increased by 0.1 percent, paced by Qatar National Bank, which rose 2.2 percent to 188 riyals.
And for the Egyptian Stock Exchange’s main index rose by 0.2 percent. And the Shares of the Swedish Electric declined by 2.3 percent while the shares the Sixth of October for Development and Investment (Sodic) rose by 0.7 percent.

ONLY IN SAUDI STOCK MARKET, 81 INVESTORS OWN 151 BILLION RIYAL !

According to the Saudi stock market, there are 81 individuals own about 151 billion SR shares. These individuals are considered as the major shareholders of the Saudi stock market. What they own equals about 7% of the total market value, and 12 % of the market value of the shares owned by the major shareholders, which are about 288 shareholders such as; individuals, funds, institutions, companies, domestic and foreign banks are

Many reports affirmed that Prince Al-Waleed Ben Talal is on the top of the list of the major shareholders in the Saudi stock market. The market value of the shares owned by the prince is about 3.7% of the total market value in the Saudi stock market. Besides, there are 22 individual shares holders have shares with a market value exceeds one billion SR.

The market value of the shares reached 2.141 trillion SR by the end of yesterday; on the other hand, the total number of the shares reached 50.27 billion SR. The market value of the major shareholders, which owns more than 5% of the total shares, reached 1.235 trillion SR; this equals 58% of the market value of the shares in the stock market. The number of their shares reached about 28.185 billion shares from the total number of 50.270 billion shares.

INCREASE OIL PRODUCTION INCREASES PROFITS FOR OIL-CONSUMING COUNTRIES

Oil-consuming countries is taking a policy of expansion in cheap oil storage, as well as constructing new refineries which has no impact on prices or demand which makes these countries maintain their market stocks. In addition, in light of the huge competition between producers who are working to increase production to keep their market share, which hinders the return of oil prices to rise, and also has a negative effect on oil-producing countries.

Moreover, this is the reason why the storage policies has become the best solution in the current period. On top of the countries who adopts this policy is the United States. Also Iran which has an estimated 700 million barrels of oil reserves and Iran which is also working on the storage in supertankers in order to essay the comeback of prices on global markets after the decoction of the sanctions.

As for the most important steps in the oil sector in the Gulf region, Saudi Arabia will begin executing its own shale oil projects immediately after Ramadan with more than 30 million dollar in the first phase, which includes studies and extraction and the assignment of the types of extracted oil, and in Iraq Gulf Company Keystone Petroleum signed a half year contract which allow it to sell oil in the Kurdistan region of Iraq with amount ranging from 12,000 to 40,000 barrels per day.

OIL SOURCES: CONTRACTUAL DISAGREEMENTS BETWEEN ARAMCO AND KOREAN COMPANY POSTPONE THE ESTABLISHMENT OF JAZAN REFINERY

Sources in oil industry sector said that contractual differences between Saudi Aramco and Korean SK for Engineering & Construction led to the postponement of the establishment of an oil refinery with capacity of 400 thousand barrels per day in Jazan.
The sources said in Saudi Arabia that despite the controversy that revolves around compensation claims because of orders change, the contract was not terminated, as press reports in the region reported. The sources said that other contractors in the project have faced similar problems and demanded compensation for the losses suffered by them due to the design change and delays due to the slow pace of work in infrastructure associated with the project.
It was scheduled to complete the establishment of the compound in late 2016 but sources in oil industry sector in the kingdom said last year that it is facing a delay between six to 12 months due to delays in the implementation of infrastructure works. A spokesman for SK Engineering and Construction said: the company is still in talks with Saudi Aramco for the establishment of crude distillation units and vacuum distillation.
Aramco declined to comment on a question about whether it had ended the contract with SK Engineering. Source asked not to be identified said, “Who will carry out the implantation in the case of termination of the contract? There will be a significant impact on the timetable for the entire refinery and on all the contractors and on Aramco.” Since the awarding of contracts in 2012, the implantation process has achieved only limited progress.
It is scheduled that: the refinery – when completed – will address the medium and heavy raw materials to produce about 75 thousand barrels per day of gasoline and 250 thousand barrels per day of low sulfur diesel also will include products and materials, including sulfur and asphalt paraxylene and liquefied petroleum gas.

SAUDI ARABIA RECORDED THE HIGHEST OIL PRODUCTION RATE LAST MARCH

The Minister of oil Ali Al-Noemi announced that the Kingdom has recorded the highest oil production rate in the late 13 years by 10.3 million barrels a day last month. It’s notable to say that Saudi Arabia is depending mainly on oil incomes in the state budget, Oil revenues represent 85% of the total national income.

The unprecedented increase in oil production rate is considered to be a wise step for the economic leadership of the kingdom to maintain the unique position of the kingdom among the oil producing countries especially after the recent decline in oil prices.

Al-Noemi also said that the kingdom’s oil production in March is 500 thousand barrels more than that in the month before, that increase clearly reflects huge efforts by those who are in responsible for oil production sector in the country. He added “we expect a continued high production rate even when prices improve”. He also assured that Saudi Arabia is ready to cooperate with OPEC membres to improve oil prices.

Saudi Arabia is the Largest oil exporter in the world nowadays, increasing oil production will lead to deployment of satisfaction in the global oil market and supporting the position of the kingdom as one of the most important players in world politics and economics. It’s worth mentioning here that the kingdom has started a series of  increasing oil production rate since 2 years in order to get over the decline in prices and also as a political weapon.

MONOPOLY IN SAUDI ARABIA MAY GIVE YOU 1 BILLION RIYAL FINE!

 “More than 80 cases pending in the Office of the Ombudsman about the monopoly”  Dr. Tawfiq Al-Rabiah said .pointing out that the ministry is determined to prevent monopoly.

Reports shows, that  there will be changes in  the system of fines to reach up to one billion riyals, and the fines to be measured by the achieved profits by the monopolist.

Tawfiq Al-Rabiah , The Minister of Trade and Industry , stressed in his speech in the East trade forum 2015, organized by the Eastern Province Chamber of Commerce, that the ministry will not protect international companies. And everybody is free to import what he  wants to import from   commodite with the same specifications agent, but the ministry will force him to give insurance.

And  on  the topic of cars which were proven with technical errors, Al-Rabiah said that there are  a mechanism to send  the cars with a proven technical problems  with coordination with the Ministry and the manufacturers  around the world.

He also stressed that many businessmen keen to improve their work and investigate  the credibility of the companies that they works with them in  market. And there will be a new electronic system to  be issued within days, with a special guides to commercial agencies to solve  all the problem.

PSYCHOLOGICAL PREPARATION AND PRECAUTIONS BEFORE YOUR FIRST FOREX DEAL

Currency trading was not always that popular among Saudi investors, as it was not available but for some investors which had different results, few years ago, it became available to all investors with different stocks, so it’s reasonable to write this tips to new investors to show them what they should do.

The first and the most important thing is to take your time getting to know the market and how stuff works before getting involved in any of it. Because it’s easy for new investors to fall into easy tricks, marketers, especially on the internet, tend to trick the investors with some fancy good looking words, so you should be very cautious of these people  and maybe ask them for their past analysis and recommendations to check if they are what they claim to be, if not don’t listen to any word they say and the best thing to do is learn about Forex technical analysis and money management, it may cost you some money but it’s worth it, don’t be too excited and be patient as this type of business needs time to flourish, there are a lot of books that talk about currencies, you may read them on your own or you may get to know through training courses offered by specialized and experienced personnel, again, many marketers offer training courses, these training courses may be even be untrained people so you should be very careful.

It’s advisable not to trade with real accounts, exceeding 4000$, during the training period, as new accounts are subject to errors and problems, nobody learns for free right?! The first time is always full of problems but it gives you the experience you need, and as long as the account doesn’t exceed 5000$ dollars, it’s very useful for training.

Brokerage firms:
Brokerage firms in many currencies are often weak and don’t have enough supervision from the government so it’s advisable to choose carefully, my advice to you is to use Canadian and British firms, they are very protective and have very good insurance, you should stay away from American firms, they are very messy, you should also make sure that the brokerage company covers trading operations, there are many companies that don’t cover to its clients’ operations which may be disastrous.

As I said the most important thing is taking things slow, this should also be done when choosing brokerage company, you should watch some firms, watch their operations and search deeply into this matter and most importantly their regular past investors. Some brokerage firms are interested in investors in the Persian Gulf and Saudi Arabia in particular; they rely on investors’ losses and in some cases share the losses of investors with local marketing associations, some Saudis with regret.

Technical analysts and specialists confirmed that it’s like any other securities market where currencies are traded among currency traders.  The US dollar, for example, was tied with metal gold and one ounce was equal to 35$ until US President Richard Nixon separated the dollar link metal gold in 1973, weak economies and military forces of other countries gave a vast area unopposed to become the first currency in the world for the exchange of commercial goods, the US dollar drew strength from the consumer until it became the first currency in which was linked to the rest of the banknotes to most countries.

Frustration of the losses in the stock market and the bodies piled up a fertile environment for agents and brokers and Forex Trading professionals to attract small investors and lured them into their industry without the slightest awareness of the culture and dangers of trade. It also does hide the secret that some Forex Trading brokers outwitted in various ways on the simple investors. to gain investor confidence. The Global currency trading market isn’t all cons, there are people who are trustworthy and have the required work ethics to ensure credibility in dealing and advice in this area.

HOW TO CHOOSE YOUR BROKERAGE FIRM WISELY?

Before you choose a brokerage firm you have to ask the following question:

  • Does the company offer free accounts of a swap?

In the currency market there are the so-called benefits of the carry trade, which is the difference between the interest rate of the base currency and the counter currency, and are added to or deducted from the account daily at ten o’clock pm GMT.

  • Is the company subject to regulatory bodies?

Although Forex markets are trading via networks, it is subject to the regulatory bodies, as brokerage firms in this state must be under the supervision of the state’s regulatory bodies.

The main function of the regulators is to protect investors from any manipulation that may be carried out by companies against their interest, so you should be careful not to select a company that is not subject to a known regulatory body.

  • Does the company provide a good trading platform and in different forms?

A good broker should provide a good trading platform that contains everything the shops need simply and easily, and it must be borne in mind that the trading platform is available in more than form. It can be in the form of a program that is installed on the computer, a program for direct online trading, program for trading on a mobile phone, up to including the possibility of trading available to you under any circumstances.


  • Does the company offers a powerful technical support and customer service to its customer?

Because the currency market works 24 hours a day, the availability of technical support and customer service should be there 24 hours a day, so that one can refer to them at any time when there is any inquiry. It should also ensure the diversity of support means like live chat on the website of the company, telephone conversation, and e-mail. The firm you choose should have that.

  • Does the company offer good price differences?

Some might think that the little price differences are the best features of the company, but be aware of this point, if the price differences become low, clear and exaggerated, this is a sign of the lack of credibility of the company.

And because the brokerage firms buy from banks in large quantities and then parceled out what was purchased for the customer, and profit from the difference between the purchase price and the selling price, if this difference is very small, what is the profit of the company?

Also the large price differences are exaggerated undesirable, so you must choose a brokerage firm with a suitable price differences.

  • Does the company carry out trading orders quickly?

One of the most important points that must be considered when choosing a company, to ensure the implementation of orders at the prices that you want to serve your goals, is if the company delays and repeats the execution of orders that you should think of another brokerage firm.

  • Do the company enjoy  credibility in dealing with mistakes?

Errors may occur during trading, which is normal so it is very important test to the credibility of the company in dealing with mistakes; does the company recognize them and repair them in case of damage to the client? You should make sure that the company does so.

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