THE ARABIAN GULF Qatar, Kuwait, Bahrain, UAE & Oman
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EVERSENDAI CORPORATION BERHAD EVERSENDAI ENGINEERING FZE EVERSENDAI ENGINEERING LLC EVERSENDAI Offshore SDN BHD Plot No
Towering – Powering – Energising – Innovating Moving to New Frontiers MANAGEMENT SYSTEMS EXECUTIVE CHAIRMAN & GROUP MANAGING DIRECTOR’s MESSAGE TAN SRI A.K. NATHAN Moving To New Frontiers The history of Eversendai goes back to 1984 and As we move to new frontiers, we are certain we after three decades of unparalleled experience, will be able to provide our clients the certainty and engineering, technical expertise and a strong network comfort of knowing that their projects are in capable across various countries, we are recognised as a and experienced hands. These developments will leading global organisation in undertaking turnkey complement our vision, mission and core values and contracts; delivering highly complex projects with simultaneously allow us to remain one of the most innovative construction methodologies for high rise successful organisations in the Asian and Middle buildings, power & petrochemical plants as well as Eastern Region and beyond with corresponding composite and reinforced concrete building structures efficiency and reliability. in the Asian and Middle Eastern regions. The successful and timely completion of our projects We have a dedicated workforce of over 10,000 accompanied by soaring innovation, creativity and people and an impressive portfolio of more than 290 our aspiration to move to new frontiers have been the accomplished projects in over 14 different countries key drivers for achieving continuous growth through with 5 steel fabrication factories located in Malaysia, the years and we remain committed to these values. Dubai, Sharjah, Qatar and India, with an annual This stamps our firm intent to dominate the various capacity of 150,000 tonnes. With our state-of-the-art industries which we are involved in and also marks steel fabrication factories, we have constructed some the next phase in our development to be amongst the of the world’s most iconic landmark structures. -
Annual Review 2012
Annual Review 2012 The Dar al-Athar al-Islamiyyah is one of Kuwait’s leading cultural organizations and home to the al-Sabah Islamic art collection – acknowledged as one of the world’s finest collections of Islamic art. The collection consists of over 30,000 priceless objects, including manuscripts, scientific instruments, carpets, fabrics, jewelry, ceramics, ivory, metalwork and glass dating from the seventh century CE from countries such as Spain, India, China and Iran. This year, the annual reports of KIPCO Group companies each feature a different key glassware artifact from the al-Sabah collection. The images used within the reports reflect KIPCO’s commitment to protecting and promoting Kuwait’s heritage, while helping to build the nation’s future. The item pictured here is a glass mosque lamp made in Egypt during the early fourteenth century CE. The piece is gilded and enameled glass and was commissioned by the amir Husayn Abi Bakr for a mosque in Cairo. The image is reproduced with the kind permission of the Dar al-Athar al-Islamiyyah. Contents 1 Executive Summary 2012 2 Debt profile & credit ratings 3 Financial statements highlights 3 KIPCO Group: by geography and sector 4 KIPCO and key listed subsidiaries: performance measures 4 KIPCO vs KSE index 5 KIPCO valuation metrics 6 KIPCO Group companies: by sector 12 Letter from the Board of Directors 14 Management Report 21 Board of Directors 22 Executive Management H.H. Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah Amir of the State of Kuwait H.H. Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah Crown Prince of the State of Kuwait Executive Summary 2012 KIPCO: The KIPCO Group is one of the largest holding companies in KIPCO’s financial services interests include holdings in the Middle East and North Africa, with consolidated assets of commercial banks, asset management and investment banking, US$ 26 billion. -
List of Asian Cuisines
List of Asian cuisines PDF generated using the open source mwlib toolkit. See http://code.pediapress.com/ for more information. PDF generated at: Wed, 26 Mar 2014 23:07:10 UTC Contents Articles Asian cuisine 1 List of Asian cuisines 7 References Article Sources and Contributors 21 Image Sources, Licenses and Contributors 22 Article Licenses License 25 Asian cuisine 1 Asian cuisine Asian cuisine styles can be broken down into several tiny regional styles that have rooted the peoples and cultures of those regions. The major types can be roughly defined as: East Asian with its origins in Imperial China and now encompassing modern Japan and the Korean peninsula; Southeast Asian which encompasses Cambodia, Laos, Thailand, Vietnam, Brunei, Indonesia, Malaysia, Singapore, and the Philippines; South Asian states that are made up of India, Burma, Sri Lanka, Bangladesh and Pakistan as well as several other countries in this region of the Vietnamese meal, in Asian culture food often serves as the centerpiece of social continent; Central Asian and Middle gatherings Eastern. Terminology "Asian cuisine" most often refers to East Asian cuisine (Chinese, Japanese, and Korean), Southeast Asian cuisine and South Asian cuisine. In much of Asia, the term does not include the area's native cuisines. For example, in Hong Kong and mainland China, Asian cuisine is a general umbrella term for Japanese cuisine, Korean cuisine, Filipino cuisine, Thai cuisine, Vietnamese cuisine, Malaysian and Singaporean cuisine, and Indonesian cuisine; but Chinese cuisine and Indian cuisine are excluded. The term Asian cuisine might also be used to Indonesian cuisine address the eating establishments that offer a wide array of Asian dishes without rigid cuisine boundaries; such as selling satay, gyoza or lumpia for an appetizer, som tam, rojak or gado-gado for salad, offering chicken teriyaki, nasi goreng or beef rendang as the main course, tom yam and laksa as soup, and cendol or ogura ice for dessert. -
8 Days Opulent Emirates
34 | OPULENT EMIRATES OPULENT EMIRATES DUBAI ABU DHABI 8 DAYS Explore a country where ancient traditions have merged with the modern ways of the West on this 8-day from journey to the cosmopolitan cities of Dubai and Abu Dhabi. With spectacular landscapes and beaches to unrivaled architecture, a visit to the United Arab Emirates is like no other. Experience world-class shopping, $2,449 hospitality and luxury at its finest. USD$, P P, DBL. OCC. TOUR OVERVIEW Total of 7 nights accommodation; Day 1 Day 4 B/D 5-Star hotels DUBAI Arrival in Dubai, the cosmopolitan metropolis within the DESERT SAFARI After breakfast at the hotel, enjoy your 5 nights in Dubai Arabian Desert, known for its extraordinary opulence and morning at leisure. In the afternoon, begin your Desert Safari 2 nights in Abu Dhabi unparalleled hospitality. Relax, refresh and recharge in the by boarding your luxury 4x4 in Dubai. Head out towards the Premier concierge service upon lounge, while your Premier Concierge agent and porter handle desert and watch the sunset before you arrive at the campsite arrival in Dubai all your immigration formalities and obtain your luggage from where you will be greeted with a traditional cup of Arabic the baggage carousels. Your private driver will transfer you to coffee. Have an opportunity to ride a camel before your Private transfers; touring as your luxury hotel, one of the most stunning architectural barbeque dinner is prepared on an open-flame. A belly dancer indicated highlights on the Dubai skyline. Jumeirah Emirates Towers Hotel will enchant you on this magical night. -
Ahmed Sameer
© Ahmed Sameer © Ahmed Sameer On 29th of March, 2014, Earth Hour celebrated its 8th anniversary. Once again, Earth Hour called on the world to unite and demonstrate the necessity of taking action against climate change by switching off their light for one hour. This year, Earth Hour’s impact was record-breaking worldwide, reaching over hundreds of millions of people in 162 countries in over 7000 cities. Famous landmarks all over the world switched off for the hour, such as the Petronas Towers in Kuala Lumpur, Golden Gate Bridge in California and a new landmark this year - the Sultan Ahmed Mosque in Turkey. Beyond the global switch off, Earth Hour called for an amplified, multiplied and powerful hour through the launch of a new platform “Earth Hour Blue”. 2014 marks the UAE’s 7th year participating in Earth Hour; and as darkness swept over the 7 emirates on the night of 29th March 2014, the world’s tallest building, the UAE’s Burj Khalifa and the iconic Sheikh Zayed Grand Mosque switched off in support of the hour. Residents also participated in an amplified Earth Hour in response to EWS-WWF’s call to not only to switch off for the hour, but also to switch to energy efficient lighting as a first step towards long term impact and change. Andy Ridley, the CEO of Earth Hour commented on how the crescendo of Earth Hour made 2014 to be one of the most influential year yet. “It is a fairly wild experience to watch as countries and cities from around the world start to share their plans for the night and beyond the hour, each story builds momentum and inspires other teams to share and do more. -
Abu Dhabi, UAE Architect
The Address Skyview, Dubai Project Manager: TURNER Consultant: NORR Main Contractor : Arabian Construction Company Façade Consultant: Koltay Facades Façade Contractor: Al Ghurair Aluminium and Glass Folcra Beach Product: JTA , Curtain Wall Burj Vista, Dubai Consultant: BH-NS Consultants Main Contractor : Consolidated Construction Company Façade Consultant: Koltay Facades Façade Contractor: Folcra Beach Product: JTA, Curtain Wall Al Fattan Sky Towers, Dubai Consultant: AE7 Main Contractor : Delta Emirates Façade Contractor: Engineering Aluminium System Product: JTA, Curtain Wall Ta’azeez Tower, Dammam, Saudi Arabia Client : Ta’azeez Real Estate Development Co. Consultant: Samir Khairallah & Partners, Architects, Planners Engineers Main Contractor : Project Build General Contracting Co. Ltd. Façade Contractor: Aluminium Manufacturing Co. Ltd. (ALUMACO) Product: JTA, Curtain Wall The Louvre - Abu Dhabi Client: Tourism Development & Investment Company (TDIC) Architect : Jean Nouvel Structural Consultant : Buro Happold Contractors : Arabtec – San Jose Construction – Oger JV Steel and Glass Works : Metallic Equipment Product: JM, Mechanical, Electrical, Plumbing Opera, Dubai Client: Emaar Main Consultant: Atkins Main Contractor: Consolidated Contractors Company Elevator Company: ThyssenKrupp Elevator Product: JM, Elevator Abu Dhabi Airport Client: Abu Dhabi Airports Company (ADAC) Main Contractor 1: Arabtec Main Contractor 2: TAV Construction (TAV) Main Contractor 3: Consolidated Contractors International Co. (CCC) Product: JTA, Baggage Handling -
Q8 Food Festival Kicks Off at Mishref Fairgrounds
MARCH, FEBRUARY 6, 2015 24 25 ofKing Spice sizzles in Kuwait Q8 Food Festival kicks off at Mishref By Maryann Horne KT: Where did these spices come from and how did they end up being used here? Fairgrounds elebrity chef Reza Mahammad has specialized in connecting RM: Historically, the Arabs had a monopoly over the spice trade for thousands of years. They places through tastes and his sizzling palette of dishes. Bet- used to trade most commonly with cinnamon along with other spices. That is what Arabs intro- By Maryann Horne ter known as the Spice King, the Indian chef is cooking up a duced into India. When you look at India, you see it is across the Arabian Sea and therefore the C culture is influenced by what Arabs brought and ate. For Arabs doing trade, spices were central storm in Kuwait this week-end with his food demonstrations as part Q8 Food Festival is taking place from March 5th to and they monopolized this trade. They then introduced spices into Europe, which at the time of the new Q8 Food Festival. The flamboyant food historian, author were hugely valuable commodities. This resulted in a mix where Indian food for example has 7th at the Mishref Fairgrounds. Organizers say it is and owner of the London restaurant Star of India hosts one of the the richest spices, Arab food has different varied spices with different usages. In Kuwait there the biggest consumer food festival ever to come to most popular TV series on Food Network called ‘The Spice Prince of is also a very strong influence of spices from Iran and Persian cuisine. -
Final KK.Indd
ÊàààI 2.750 KD êuAæUOÑWDK WÑuAÇ KD âÇb(ÇWÑu 2.450 رﺑـﻴـﺎن ﻣـﺸـﻮي ﻋﻠــﻰ اﻟـﻔـﺤـﻢ ﻣﻊ اﻟﺨﺲ واﻟﺠﺮﺟﻴﺮ واﻟﺠﺰر وﺻﻠﺼﺔ ﺧﻨﻴﻦ. ﺷﻮرﺑﺔ ﺛﻤـﺎر اﻟﺒﺤﺮ ﻣﻊ اﻟﻔﻄﺮ اﻟﻄﺎزج واﻟﻜﺮﻳﻤﺔ واﻟﺰﻋﻔﺮان. KD ÈèdUÑUO 1.150 KD dDHÇWÑu 1.950 روب ﻣﻊ ﻟﺒﻨﺔ وﺧﻴﺎر وﻧﻌﻨﺎع. ﺷﻮرﺑﺔ ﻓﻄﺮ اﻟﺒﻮرﺗﺒﻴﻠﻮ واﻟﻔﻄﺮ اﻟﻄﺎزج ﻣﻊ اﻟﻜﺮﻳﻤﺔ. ÉÏÑUÊI 1.150 KD ÓbWÑu ﺷﻮرﺑﺔ اﻟﻌﺪس واﻟﺸﻌﺮﻳﺔ. KD VMâÑè 2.000 ورق ﻋﻨﺐ ﺣﺎﻣﺾ ﺣﻠﻮ. ÊUDK Ç 1.200 KD WMODUhL 1.250 KD XOÇWDK ﺧـﺲ، ﺧﻴـﺎر، ﻃــﻤـﺎط، ﺑﻘـﺪوﻧـﺲ، ﻧـﻌـﻨـﺎع، زﻳﺖ اﻟﺰﻳﺘﻮن وﺧﻞ. 1.350 KD 5M q 1.500 KD ÔuWDK ﺳﻠﻄـﺔ اﻟـﺒﻴﺖ ﻣﻀـﺎف إﻟﻴﻬﺎ اﻟﻔﺠﻞ، ﺛﻮم، ﺑﻘﻞ، ﺳﻤﺎق وﺧﺒﺰ ﻣﺤﻤﺺ. ﻃﺤﻴﻨﺔ ﺑﻴـﻀﺎء وروب وﺑﺎذﻧــﺠﺎن ﻣﺸـــﻮي وﺑﻘﺪوﻧﺲ وزﻳﺖ اﻟﺰﻳﺘﻮن. ÈèdUÉÏd 2.350 KD UJWDK ﻃﺤﻴﻨﺔ ﺑﻴﻀﺎء ﻣﻊ روب وﻋﺼﻴـﺮ اﻟﻠﻴﻤــﻮن وزﻳﺖ اﻟﺰﻳﺘﻮن. KD 1.250 ﺳﻴﺦ ﺗﻜﺎ وﻟﻮﻣﻲ أو دﺟﺎج ﻣﺸﻮي ﺣﺴﺐ اﻟﻄﻠﺐ ﻣﻊ ﺟﺮﺟﻴﺮ، ﻃﻤﺎط وﺻﻠﺼﺔ ﺧﻨﻴﻦ. @اﺿﺎﻓﺔ ﺳﻴﺦ ﺗﻜﺎ وﻟﻮﻣﻲ أو دﺟﺎج ﻣﺸﻮي ﺣﺴﺐ اﻟﻄﻠﺐ. KD 0.750 WM U ÊI 2.750 KD ÍUbÇÉb 1.500 KD V ﺗﺸﻜﻴﻠﺔ ﻣﻦ ﻛﺒﺔ اﻟﺒﻄﺎط وﻛﺒﺔ اﻟﻌﻴﺶ وﻛﺒﺔ اﻟﺒﺮﻏﻞ. ﻛﺒﺪة اﻟﺪﺟﺎح اﻟﻄﺎزﺟﺔ اﻟﻤﻘﻠﻴﺔ ﺑﺰﻳﺖ اﻟﺰﻳﺘﻮن ﻣﻊ اﻟﺒﺼﻞ، اﻟﺒﻘﺪوﻧﺲ وﺻﻠﺼﺔ دﺑﺲ اﻟﺮﻣﺎن. 2.750 KD WuA`Çu 1.000 KD ÑUC)Çp uL رﻗﺎﺋﻖ اﻟﻌﺠﻴﻦ، ﻣﺰﻳﺞ اﻟﺨﻀﺎر واﻟﻤﻠﺢ واﻟﻔﻠﻔﻞ اRﺳﻮد، وﻣﺰﻳﺞ اﻟﺘﻮاﺑﻞ. ﺟﻮاﻧﺢ دﺟﺎج ﻃﺎزﺟﺔ ﻣﺸﻮﻳﺔ ﻋﻠﻰ اﻟﻔﺤـﻢ وﻣﺘﺒﻠﺔ ﺑﺎﻟﻜﺰﺑﺮة واﻟﺜﻮم. 2.250 KD ÓubU`Çu 1.250 KD 6'Çp uL رﻗﺎﺋﻖ اﻟﻌﺠﻴﻦ، ﺟﺒﻨﺔ اﻟﻔﻴﺘﺎ، وﻧﻌﻨﺎع. ﺟﻮاﻧﺢ دﺟﺎج ﻃﺎزﺟــﺔ ﻣﺘﺒﻠــﺔ ﺑﺎﻟﺪﻗــﻮس اﻟﺤــﺎر. 5.000 KD ÊULBIUæUOÑ 1.500 KD rKÇp uL رﻗﺎﺋﻖ اﻟﻌﺠﻴﻦ، واﻟﻠﺤﻢ اﻟﻤﻔﺮوم وﻣﺰﻳﺞ اﻟﺘﻮاﺑﻞ. رﺑﻴﺎن ﻃﺎزج ﻣﻘﻠﻲ ﻣﻊ اﻟﺒﻘﺼﻤﺎت، ﻳﻘﺪم ﻣﻊ ﻓﻄﺮ وﺟﺰر وﺑﻄﺎﻃﺎ ﻣﻘﻠﻴﺔ. 1.500 KD XOÇwUI ﺗﺸﻜﻴﻠﺔ ﻣﻘﺎﻟﻲ ﻣﻦ اﻟﺒﺎذﻧﺠﺎن واﻟﺒﻄﺎط واﻟﻔﻠﻔﻞ اﻟﺒﺎرد واﻟﻄﻤﺎط ﺗﻘﺪم ﻣﻊ اﻟﻄﺤﻴﻨﺔ. -
Signature Redacted Department of Civil and Environmental Engineering May 21, 2015
TRENDS AND INNOVATIONS IN HIGH-RISE BUILDINGS OVER THE PAST DECADE ARCHIVES 1 by MASSACM I 1TT;r OF 1*KCHN0L0LGY Wenjia Gu JUL 02 2015 B.S. Civil Engineering University of Illinois at Urbana-Champaign, 2014 LIBRAR IES SUBMITTED TO THE DEPARTMENT OF CIVIL AND ENVIRONMENTAL ENGINEERING IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF ENGINEERING IN CIVIL ENGINEERING AT THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY JUNE 2015 C2015 Wenjia Gu. All rights reserved. The author hereby grants to MIT permission to reproduce and to distribute publicly paper and electronic copies of this thesis document in whole or in part in any medium now known of hereafter created. Signature of Author: Signature redacted Department of Civil and Environmental Engineering May 21, 2015 Certified by: Signature redacted ( Jerome Connor Professor of Civil and Environmental Engineering Thesis Supervisor Accepted bv: Signature redacted ?'Hei4 Nepf Donald and Martha Harleman Professor of Civil and Environmental Engineering Chair, Departmental Committee for Graduate Students TRENDS AND INNOVATIONS IN HIGH-RISE BUILDINGS OVER THE PAST DECADE by Wenjia Gu Submitted to the Department of Civil and Environmental Engineering on May 21, 2015 in Partial Fulfillment of the Degree Requirements for Master of Engineering in Civil and Environmental Engineering ABSTRACT Over the past decade, high-rise buildings in the world are both booming in quantity and expanding in height. One of the most important reasons driven the achievement is the continuously evolvement of structural systems. In this paper, previous classifications of structural systems are summarized and different types of structural systems are introduced. Besides the structural systems, innovations in other aspects of today's design of high-rise buildings including damping systems, construction techniques, elevator systems as well as sustainability are presented and discussed. -
Major Projects
Home of Advanced Systems Major Projects www.almazrouicas.com 11 Cables & Accessories Emirates Palace Etihad Towers Major Projects AL DAR HQ, Al Raha Beach Ferrari World Yas Island Abu Dhabi F1 – Yas Marina Circuit, Yas Island Abu Dhabi Security Exchange – Sowwah Square Cleveland Clinic Abu Dhabi, Sowwah Island ADIA HQ (Abu Dhabi Investment Authority) Corniche Al Bahr Towers (ADIC HQ Abu Dhabi) Shams Abu Dhabi, Reem Island – Sorouh City of Lights – Reem Island Marine Square, Al Reem Island – Tamouh Al Wahda Mall & Al Wahda City (Towers) Central Market Redevelopment MIST – Masdar Institute for Science & Technology Zayed University, Khalifa City Sheikh Zayed Grand Mosque ADNEC (AD National Exhibition Centre) & Hyatt Capital Gate Tower Emirates Palace The Landmark Tower, Corniche St. Regis Resort, Al Saadiyat Khalidia Palace Hotel Al Raha Resort & Mall Al Muneera, Al Raha Beach Community Al Bustan Complex Delma Mall Project (Musaffah) Presidential Palace Cranleigh School, Sadiyat Island Yas Island Zone K ADNOC New Guest House, Ruwais Khalifa University Extension Abu Dhabi Accountability Authority Al Bustan Hospital, Mussafah Ruwais Housing Complex ADNOC Head Quarters Shah Gas Complex – Ruwais ADNOC Ruwais Villas STS - Secondary Technical School – Al Ain Louvre Abu Dhabi Etihad Towers And many more..... Sowwah Square Ferrari World AL DAR HQ, Al Raha Beach 12 www.almazrouicas.com Home of Advanced Systems Burj Khalifa Dubai Dubai Mall Al Mass Tower Mirdif City Centre, Deira city center expansion, Me’aisem City center The Opera House, Dubai, Sky view tower, Emirate flight catering Dubai world trade center Palm Jumeirah (Atlantis) Palace of H.H. the chairman of DXB municipality 11 Towers, Business Bay Motor City The Address, Downtown Dubai Festival City Dubai Festival City Grand Hayatt Hotel Fairmont Hotel Dubai Marina Dubai International Airport Dubai World Central airport Madinat Jumeirah Internet & Media City Police Headquarters Garden City MBC & Al Arabia News Studios Al Shorouk T.V,Al Dawliya T.V. -
Tall Buildings in Numbers
Tall Buildings in Numbers All Buildings 200 meters or Taller Completed in 2011 (88 no.) 2011: A Tall Building Review Asia Middle East North America Central America Europe Note: For a detailed “Tallest Twenty in 2011” analysis, see page 38–42 No Building Name City Stories m ft 1 Kingkey 100 Shenzhen 100 442 1449 2 Al Hamra Firdous Tower Kuwait City 77 413 1354 3 23 Marina Dubai 90 393 1289 Tall Buildings 200 meters or Taller Completed in 2011: by Country 4 Tianjin Global Financial Center Tianjin 74 337 1105 5 The Torch Dubai 79 337 1105 25 6000 6 Longxi International Hotel Jiangyin 74 328 1076 5790 23 7 Wenzhou Trade Center Wenzhou 68 322 1056 Total Number (Total = 88) 8 Etihad Towers 2 Abu Dhabi 80 305 1002 5000 9 Northeast Asia Trade Tower Incheon 68 305 1001 20 Sum of Heights (Total = 21,642 m) 10 Doosan Haeundae We've the Zenith Tower A Busan 80 301 988 4243 Note: One tall building 200 m+ in height also completed 11 Khalid Al Attar Tower 2 Dubai 66 294 965 during 2011 in these countries: France, Germany, Mexico, 16 4000 12 Haeundae I Park Marina Tower 2 Busan 72 292 958 Russia, Saudi Arabia, United Kingdom 13 Trump Ocean Club International Hotel & Tower Panama City 68 284 932 15 14 Doosan Haeundae We've the Zenith Tower B Busan 75 282 924 15 Marina Pinnacle Dubai 73 280 919 2875 3000 11 16 Etihad Towers 1 Abu Dhabi 69 278 911 Number 2407 10 17 Nantong Zhongnan International Plaza Nantong 53 273 897 10 8 2000 (m) Heights of Sum 18 Lvjing Tower Shenzhen 56 273 896 1726 19 Haeundae I Park Marina Tower 1 Busan 66 273 895 20 Nation Towers -
The Property Report
cluttons.me THE PROPERTY REPORT UNITED ARAB EMIRATES | 2017 THE PROPERTY REPORT | THE PROPERTY REPORT | ECONOMY WEAKER ECONOMIC GROWTH BECOMES THE NEW NORMAL CONTENTS 3 ECONOMY As we approach the third anniversary of UAE, with the latest 2017 prediction growth has hampered local economic the spectacular collapse in oil prices, they in early July standing at a mere 1.3%; conditions in the emirate. This is also 6 ABU DHABI PROPERTY MARKET remain 50% to 60% below their USD 100 down from a January estimate of 3.3%. reflected in the sluggish Emirates NBD plus per barrel levels last seen in mid 2014. Emirates NBD, Dubai’s largest lender, Dubai Economy Tracker Index, which shows 14 DUBAI PROPERTY MARKET The implications for the UAE have been meanwhile has forecast GDP growth of growth having accelerated in June, with varied, with emirates such as Abu Dhabi just 2% nationally this year, down from new business orders continuing to rise for 24 SHARJAH PROPERTY MARKET and Sharjah that rely on oil revenues to an earlier estimate of 3.4%. the 16th consecutive month. However, spur economic growth, seeing growth rates job creation rates have eased in the all 27 CONCLUDING THOUGHTS AND UAE PROPERTY MARKET FORECASTS trimmed as the fall out lingers, curtailing OIL PRICE WEAKNESS STILL important tourism, travel and construction expansion across almost all sectors. For WEIGHING ON GROWTH sectors, while business confidence has Dubai, where oil income forms a fraction While the weak oil sector continues to retreated to a 12 month low. The of total GDP growth, the impact, while act as a drag on overall expansion, the increasingly stagnant conditions are delayed, has also been marked, primarily non-oil sector is expected to help drive reflective of the faltering health of the due to the slowing growth in surrounding growth through the second half of 2017.