Empire World – New Website Launched
Empire World, a private real estate and investment company in the Erbil (Kurdistan Region of Iraq), just launched an innovative website, one of the best in its sector.
Kurdistan Oil Companies | List of Oil Companies in Kurdistan
Oil and gas reserves are undoubtedly the most important assets for Iraq’s Kurdistan. According to OPEC, Iraq’s resources of 143 billion barrels of crude oil and 126.7 trillion cubic feet of gas are the fourth largest in the world after Venezuela, Saudi Arabia and Iran. However, Iraq’s oil production is almost half that of Iran, meaning there is plenty of room for growth.
Kurdistan accounts for 43.7 billion barrels of proven oil reserves, 25.5 billion more barrels of unproven reserves and between 3 and 6 trillion cubic meters of gas (30% of Iraq’s proven oil reserves). If Kurdistan was a country, the amount of oil and gas reserves would place it among the top 10 oil rich countries in the world.
Kurdistan’s Largest Companies | List of Top Companies in Iraq’s Kurdistan
Marcopolis.net presents a list of the largest companies in the Kurdistan Region of Iraq. The emphasis is on local, mostly private sector companies. Most of the largest companies in Kurdistan are large diversified conglomerates with a mix of foreign and local capital.
Among the top 10 list are 2 telecom operators, 1 bank and 7 diversified conglomerates. Most of the labor force is employed in the public sector (more than 50%), thus the private sector in Kurdistan represents less than 50% of the economy. Due to lack of reliable data and statistics the main limitation of the list is that it does not provide the exact ranking from largest to smallest, rather it should be regarded as a general overview of the main players from different sectors of the economy in the Kurdistan Region of Iraq.
Abu Dhabi Real Growth in 2012: 5%
Also, S&P estimates Abu Dhabi’s GDP per capita at US$ 110,000 in 2012.
Nominal GDP Growth of GCC Decreased
EFG-Hermes decreased its GCC nominal GDP forecast by 0.5% for 2012 and by 1.4% for 2013.
Turkish Economy Slowdown 2012: Healthy Slowdown from Overhearing Phase
TURKEY ECONOMIC REPORT, December 2012: Healthy Slowdowning Down from Overhearing Phase
Dubai rents rose by an average of 17%
Dubai rents rose by an average of 17% over the last 12 months, with those in some of the most popular areas posting an increase of around 24%, according to CB Richard Ellis (CBRE).
The Lebanese Consumer Confidence Index (CCI) increased by 29%
Beirut, Lebanon: The Lebanese Consumer Confidence Index (CCI) published by ARA for Research and Consulting increased by 29% from last month to settle at 85 points in November.
Brazil Drives Growth in the Americas
US citizens are cautious about travelling due to a weak economy. Brazil, on the other hand, continues to drive growth in Americas.
Brazil: Transportation Sector Analysis
Brazil suffers from a slow development and is subject to strong regional differences in terms of transport infrastructure. The country’s fast growing economy and upcoming events, such as the World Cup in 2014 and the Olympics in 2016, are placing increasing demands on the transportation system.