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Bears stalk Mideast markets

January 04th, 2012
The Media Line Staff

Doha, Qatar David Rosenberg (The Medi – The year 2011 wasn’t only tough for Middle Eastern despots. With the exception of Qatar, the Arab World’s stock markets all ended the year with sharp drops both in share prices and trading volume as unrest took the wind out of much of the regional economy and sent political shivers everywhere.

All told, investors waved goodbye to more than $111 billion in stock market value over 2011, a drop of about 11 percent, according to figures from the Arab Monetary Fund. They took their biggest hit in Egypt, where the combined value of the country’s stocks shed $33 billion last year, a 39 percent decline and the biggest anywhere in the Middle East and North Africa (MENA).

But it wasn’t just the numbers that were bad. Egypt’s stock market was shuttered for 55 days amid the turbulence of President Hosni Mubarak’s ouster. Bahrain’s financial center was cordoned off by police during unrest early in the year and the stock exchange briefly closed until martial law was imposed with the help of Saudi troops. The bourses of the United Arab Emirates and Qatar were denied coveted emerging market status twice in the space of six months.

“The Arab Spring that started last winter, of course, had an impact. That said, there also has been the impact of global bear market. So, in that respect, it wasn’t all about the Arab Spring,” Daniel Brody, chief investment officer of London-based Silk Invest, told The Media Line.

He said the situation is not likely to change without an influx of foreign investment, which is an unlikely prospect for now even if some MENA markets are displaying good fundamentals. “Investors have other concerns right now like Europe. They don’t want to take on what they see as a risk asset,” he said.

Indeed, 2011 was not a good year for stock market investors almost anywhere in the world, figures from MSCI, a company that benchmarks global share market performance, show. Its ACWI index, which tracks 9,000 stocks in 45 markets, shed 10.2 percent. But MSCI’s Arabian Market index, which groups 14 MENA markets except Saudi Arabia, did worse, falling 22 percent last year and wiping out the two previous years of gains.

Even MENA economies that posted strong growth and avoided Arab Spring unrest failed to resist the bearish sentiment. Qatar’s economy enjoyed a tide of cash from growing natural gas exports and $88 billion in government spending, yet the Qatar Exchange’s benchmark QE index registered a mere 1.5 percent gain. Saudi Arabia’s economy benefitted from higher oil prices and massive government spending, but its Tadawul All-Share Index fell 7 percent.

The United Arab Emirates (UAE) also saw a recovery from its real estate-induced slump during 2011, but MSCI’s UAE index shed close to 20 percent.

“To be very honest, there was a disconnect between what was happening in UAE economy and markets,” Fadi Al-Said, a senior fund manager at ING Investment Management in Dubai, told The Media Line. “We saw a major rebound in trade and tourism, but the market didn’t reflect this. In some ways, that is because it is inefficient, but also because it is heavily exposed to the real estate and banking sectors.”

Adding to the pain of falling share prices was a fourth straight year of declining trading volumes. The Arab Monetary Fund estimated that shares traded on the 14 MENA exchanges its covers dropped to $328.5 billion in 2011 from a peak of $1 trillion in 2007 — decline analysts attribute mainly to an exodus of foreign investors after the global financial crisis set in in 2008.

That decline has hit the share-brokering business hard. In the UAE, investment banks like Rasmala and Shuaa Capital gave up their retail brokerage services last year to concentrate on institutional clients. On Monday, they were joined by Taib Securities, the brokerage arm of Bahrain’s Taib Bank, after running up losses the past three years.

Many foreign investment banks also cut back last year. Germany’s Deutsche Bank reportedly moved its head of local equity capital markets back from Dubai to London; Japan’s Nomura shut its Dubai equity research unit; and Britain’s HSBC closed its UAE retail equity brokerage business.

This year isn’t shaping up to be much better. The turmoil of the Arab Spring shows no sign of abating and the outlook for the economies of the Middle East and North Africa looks poor. Although there are a few bright spots in the Gulf, the International Monetary Fund expects economic growth for the region to fall to 3.6 percent from 4 percent in 2011.

Al-Said, nevertheless, expressed the view that the Gulf has the foundations for a market recovery, especially now that a prolonged slump has pushed down valuations to attractive levels. With oil prices again on the upswing, the region’s governments will be in an even stronger position than in 2011 to stimulate economic activity.

“This is one of the few regions which still has ammunition for [state] spending. I’m talking about surpluses that can be spent, about expansionary fiscal policy … You are talking about a region that isn’t in an austerity mode,” he said.

Even Egypt, whose economy is conventionally regarded as deeply troubled by continued political turmoil and plunging foreign reserves, has a potential for a rebound, said Broby. In spite of the turmoil, the economy continues to grow and Egyptian stocks are oversold, he said, warning, however, that investors will hold off on buying.

“People will be looking for Egypt to pass its new constitution before you start seeing the market reflecting the fundamentals,” Broby said.

Meanwhile, markets are making efforts to lure back investors. On Monday, the Qatar Financial Markets Authority announced it had adopted new rules on listing securities and initial public offerings aimed at encouraging small and medium-sized companies to list. It began trading government bonds in the market at the end of 2011, which should help boost liquidity.

The UAE hopes to adjust rules that will enable it to win emerging market status next June, an upgrade that would make it more attractive to big institutional investors abroad.

But the most important development of all, say analysts, is a plan by Saudi Arabia to open up its stock market to foreigner investors. Reuters reported last week that authorities are close to unveiling the long-awaited plan and may announce the rules by Jan. 15 with implementation slated for by the end of the first quarter.

With the region’s biggest trading volumes and market capitalization backed by a growing economy, Saudi Arabia could be the magnet to attracting new capital to the region.

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January 04th, 2012 04:58:25




UAE, Qatar share markets fail again to get coveted upgrade

December 16th, 2011
The Media Line Staff

United Arab Emirates David Rosenberg (The Medi – For the fourth time, bids by the United Arab Emirates (UAE) and Qatar to upgrade the status of their local stock exchanges and bring in badly needed foreign capital have failed. But MSCI Inc. the Swiss company that awards the classifications, said it would give them another chance.

MSCI said on Thursday it would continue to “review” the countries’ three stock markets for a promotion from frontier to emerging market status and revisit the matter again next June. But the decision was a disappointment at least in the UAE, where many had expected to finally win the coveted designation after MSCI last June gave the two countries an extra six months to make the necessary changes.

Dubai’s benchmark DFM General Index and Abu Dhabi’s ADX General Index, which had both been given a lift in anticipation of the MSCI decision, fell about 1.25 percent on Thursday. The Qatar Exchange Index held its decline to just 0.2 percent, reflecting lower expectations among investors there that MSCI would grant it emerging market status.

“Many people [in the UAE] were disappointed and surprised by the MSCI decision, based on comments they made in June … In Qatar, it was less of a surprise,” Paul Cooper, the Dubai-based managing director at Sarasin-Alpen & Partners, told The Media Line.

The Qatar Exchange, Dubai Financial Market (DFM), and Abu Dhabi Securities Exchange, the two countries’ three stock exchanges, which have been hoping an upgrade would bring in badly needed capital from global investors and raise their profiles as they seek to become regional financial centers.

But they have little chance of attracting it until they get emerging market status bestowed on them by MSCI. Emerging market countries are expected to pace global economic growth as Europe and the U.S. struggle. A poll of global fund managers by the Association of Investment Companies released on Wednesday found that 27 percent predicted they will “perform well” next year, more than any other group of markets.

By contrast, their frontier market status relegates the UAE and Qatar to the ranks of countries like Bangladesh and Botswana.

The UAE and Qatar have worked hard to establish themselves as financial centers as part of a wider strategy of creating whole new industries in tourism, aviation, media and technology. Despite that, the markets have been in a funk since the global financial crisis washed in three years ago and put an end to the real estate-fuel boom in Dubai, the UAE’s leading economy. Qatar is prospering on the back of vast natural gas exports, but its securities market has not shared in the boom.

Turnover on the DFM is about a tenth of what it was 2008, while the index is down close to 80 percent from the peak it reached that year. Qatar’s index is up this year, but trading rarely exceeds 10 million shares a day, making it difficult for large institutional investors of the kind the exchange wants to attract to move into and out of stocks. Volume is about 40 percent less than it was two years ago.

“If you join the index you join the emerging market benchmarks. If not, fund managers have to make an active decision to buy in. So, [the emerging market designation] increases the liquidity of the market,” Sarasin-Alpen’s Cooper said. “You need the market to be liquid for companies to be traded on a regular basis and that only happens when international investors get involved.”

MSCI said it needed more time to assess a mechanism introduced by the three exchanges earlier this year called delivery versus payment (DVP) that makes it easier to complete the purchase of securities. The system hasn’t been in place long enough to fully evaluate it and MSCI said there are problems that need to be addressed.

“The feedback we received from investors on the introduction of the new DVP model was very positive. The system works well and without major issues. However, we still have concerns highlighted by investors that their assets may not be fully safeguarded,” Remy Briand, global head of index research at MSCI, told a news conference on Thursday.

He pointed to the risk of failed trades where a forced sale of assets, without the owner’s consent, remains a possibility. Planned regulations that will introduce securities borrowing and lending and short selling present a way of solving the problem, he added.

But, the Swiss company warned, those regulations have to be in place long enough for investors to judge their effectiveness before the next announcement on market reclassifications in June 2012.

MSCI signaled that Qatar faces a more serious obstacle to getting emerging market status because of its “stringent” limitations on foreign holdings in locally traded stocks and warned that an upgrade was conditional on raising the ceiling.

Although the UAE is not under any pressure from MSCI to raise the ceiling on foreign holding, the Economy Ministry said earlier this month that a proposed change in the Companies Law would make it easier for foreigners to hold more than the current ceiling of 49 percent by authorizing the cabinet to exempt companies and industries.

But Qatar, which enforces a tougher 25 percent ceiling on foreigners, is not planning any change soon, Qatar Exchange Chairman Hussein Al-Abdullah said earlier this month.

Last year, MSCI weighed promoting the two Gulf countries, but decided to wait until the settlement system was upgraded. In the meantime FTSE Group, another market benchmark organization, offered some hope when it decided in September to categorize the UAE as a “secondary emerging” market.

The Qatar Financial Centre was set up by the government in 2005 and it is working to develop its asset-management industry. In the UAE, the Dubai International Financial Centre (DIFC) operates as a financial free zone while in Abu Dhabi, Securities Exchange is building a headquarters with more than 21,000 square meters of office space and a trading floor of 1,000 square meters.

But the UAE and Qatar rely on local investors as customers. A recent research note from Al Ramz Securities showed that only 4.4 percent of DFM stocks and 2.3 percent of Abu Dhabi stocks are held by foreign investors.

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December 16th, 2011 12:57:00




Create a Unique Identity of Your Business With The Help of Corporate Logo Design

September 16th, 2011

For the growth of a business firm, it is very important to have its own identity in the market. And a corporate logo design does the same thing. There are so many logo design companies that can help you in achieving this purpose. By creating an attractive and good looking logo, you can give a fair idea to the viewers about the nature of products or services provided by the organization.

You can take the help of the reputed logo design company that will do the work as per your business needs. If you want your business to be reach in the top position of the online world, it is very important to have its own identity. To make good reputation of your business, you should hire the best logo design company for your business.

The logo is considered as the main identity of your business, so it is highly advisable to pay more attention to this factor. There are so many companies that charge high prices to the customers but a tough competition in the market has given a cost-competitive solution to the seekers.

Always try to make your business trademark as simple as possible. Making a simple logo will help viewers to remember it for a longer period of time. Selecting the simple design will help your targeted audience to remember it for long. In the case of corporate logo designing, simplicity is the best policy through which you can attract many people towards your business.

Once you have selected the design for your company’s logo, the next thing that you have to do is to find the right combination of colors and image. Colors play a significant role in the creation of a website design. The design of your website should match with the colors that you have chosen.

Business owners can even take the suggestions from the logo designing company regarding which colors will be the best for their websites. But, try to make less use of colors so that your logo will look sober, lively and of course attractive. At the time of hiring the services of designer, you need to consider that you are choosing the best one.

The designer should have capability to give your logo design a maximum exposure. You can even print your corporate logo design on your business cards, letter heads, calender, and brochure. By printing your logo on the business cards and on other important documents, you can grab maximum attention of the people.

For more information about Corporate Logo Design, please visit TheMasterSEO.com

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September 16th, 2011 08:11:30




Marketing Professional Photography to High School Graduates

September 04th, 2011

Graduate photos can be a lucrative business for a professional photographer. Many photographers know this business niche exists, but have trouble finding a way to effectively market their services to high school seniors and their parents. In order to effectively expand your photography business into the graduate picture market, you must be able to create buzz and excitement among high school seniors with your marketing efforts. Let’s discuss a few of the marketing tactics that can help you make the connection with high schools and graduates.

Make Your Potential Customers Work for You

It’s no secret that high school grads have mastered the art of sharing information, so let’s get them talking about you. Marketing experts have shown that one of the most effective marketing strategies is through word of mouth. So what reason can we give high school seniors to talk about you?
Sometimes bribery works, give students a discount or special package for referrals. You can create a referral program that makes sense for your business model, and may include extra prints, digital negatives or additional poses. Waive the sitting fee if a student refers five other seniors who purchase prints. The variety of incentive programs are endless, just make sure you create a program that will increase the bottom line for your photography business.

Get on the Inside

The most effective marketing efforts focus on forming relationships with people in close contact with your target audience. When it comes to marketing senior picture services, groups like yearbook club and the photography club will be able to promote your services the most effectively. Form a relationship with the yearbook editor and create incentives for the yearbook team to promote your business. This may include a special shoot at an event like a dance or sporting event. These types of student groups have a large influence on their peer’s decisions when it comes to photos.

Launch a Social Media Campaign

Social media can be one of the most effective marketing strategies for any small business, including photography. Create a Facebook fan page, Twitter account and MySpace account to promote your senior picture campaign. One way to create hype within your social media network is to sponsor a photo competition. Promote the competition with prizes, like a free senior photo sitting for the winner, and require participants to become your friend. Once you have created your social media network, you will find that there are many ways to network with potential customers and other professionals in the photography industry.

Team Up with Different High Schools

Often administrators will actually make the decision of a photographer for their students. By creating relationships with the administrators of different high schools, you will increase the chances that the school will sponsor or promote your business when it comes to the photography needs of students. Sometimes all it takes is a phone call to befriend the principal or office manager of a school. Other times you will need to make a name for yourself on campus by donating time and photography services at a discounted price or even free of charge. This is obviously a marketing method used to build a rapport with schools over a long period of time. However, in schools, relationships carefully built wcan be fruitful for many years.

Advertise an Apprenticeship

Photography enthusiasts in high school generally form photography classes or clubs. Contact the instructor or advisor of the class or club and ask them to have students apply for an apprenticeship with a professional photographer. Brace yourself because the enthusiastic responses from the students may shock you. Form a working relationship with the apprentice you choose. This person can be an asset to you senior picture marketing campaign, and give you insight into the culture of the school. Allow this apprentice to market your services for you through flyers and business cards and personal interactions with other clubs and events. You can also let your apprentice help you in photographing other seniors, particularly in informal or ‘daily life’ shots. They can take the resulting photos to school to show off and advertise.

These are just a few ways that you can begin to capture the senior picture market with high schools in your area. You will find that schools often talk, and if you devote time and energy to developing solid relationships with you clients; schools will begin to call you, instead of having to market to them!

David Drum Photo David Drum is head of Business Development at H&H Color Lab in Kansas City, Missouri. Starting his professional career as a process engineer at Xerox and Motorola, David moved to the professional imaging industry in 1993.

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September 04th, 2011 19:40:14




Why Avail of High Quality Print Jobs

August 28th, 2011

Becoming a household name is the goal of many business owners. Everyone would want their products or services a staple in people’s home. But in order to achieve that you would need to spend a huge amount of money. However, this is only true if you avail of the elaborate and expensive marketing media such as television and billboard ads.

In today’s recession stricken economy, it is still economical to invest traditional marketing media. For instance, catalog, postcard, business card, and brochure printing are examples of traditional marketing that require only a considerable amount of investment. But of course, these materials would all need high quality print job. This is to ensure you get to showcase your products or services effectively. In addition, good printing upholds your reputation in the market to get nothing but positive feedback from customers.

It is vital to keep in mind that business is not only about earning profit, but more about providing customer satisfaction. Aside from the advantages high quality printing provide businesses, there are other benefits it offers, which includes:

* Increased market recognition. High quality materials increase the chance of being remembered. If you are able to create enticing and compelling post cards or brochures, people will easily recognize your name wherever they see it. And when you are able to uphold your image in the market, the more likely are you able to experience business growth.

* Increased sales. When you are able to print brochures, posters, or business cards in high quality, you increase the chance of customers reading your materials. What more if you are able to get your customers interested, you are likely to influence them to make a purchase. Keep in mind that high quality images can either make or break your business. So, always make it a point to print your materials in good quality.

* Effectiveness. Businesses that are able to print their marketing materials in high quality are likely to be more effective in their marketing activities. This in turn will result in savings both in printing expense and overall marketing cost. Often, business owners are blinded with the thought that the more expensive the materials the more effective they are. But in the end they don’t earn anything from their marketing effort. This is simply because their expensive materials are not able to reflect the image of the business. So, to ensure you get positive result, put enough attention is the effectiveness of your materials by availing of high quality print jobs.

* Provides professional appearance. Your marketing materials are a reflection of your business image. If you are able to present your business excellently, the more chances you have of encouraging people to buy your products. High quality printing will ensure you convey a professional image anytime, anywhere.

* Plus factor. Intriguing and compelling materials produce an intense impact to customers. This in turn will leave a good impression in their minds, promoting an increase in sales and customer loyalty.

High quality printing does help realize your goal of being a household name. So, be sure to avail only of good quality printing services to ensure you get exceptionally enticing and effective marketing materials. Once you have mastered the art of attractive marketing materials, that’s the only time you get to effortlessly expand your business and earn large profit.

Martha Killian Photo Martha Killian has been writing articles online for about 2 years now in a printing company. You can also check out this website for more information and tips on a successful brochure printing and how to print brochures effectively for your customers.

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August 28th, 2011 03:58:44




Use Business Card Logo Design To Enhance Your Business

May 12th, 2011

Currently its a trend of hyping your business through business card logo design to your clients and also to the upcoming market. Its highly important to design your business card logo under advertising and marketing professionals. This will guide you and your business as to what type of business card logo design will suit to you. These professionals have helped many companies in establishing their business identity with logos, brochures, business cards, letterheads, envelopes, banners, illustrations etc. Its dealing depends on your budget that its quality is very much dependent on the price value running on in the market.

The business person must have some concept while designing their business card logo design like type of busines, how much appealing the business card is going to be like market capturing, colorful and attractive, logo must focus your product and also the card quality. If you’re really want to enhance your business through business card logo design then have to follow certain criterias such as should fill up a simple form and then the assigned designers will work on four different looking but smart logos. These professionals are quite dedicated to their professionism as used to finish the first set of four logos in 24 business hours.

The maker of the card must consult certain things with the business card logo design professional such as the final logo provided to him will have all the files required to print or publish his logo online or offline, and then he will be owner of the logo. If he wish then can have or get a copyright on their logo. It is a very sensitive issue and must dealt properly as its going to effect your business and also your clients. Its should be the case that your business card logo design should come out as a copied one. This trend is quite flourishing now a days in the market, as its giving amazing results to the businessman. To know about such professionals you can visit onlien shops and webshops and consult anyone of them as per your requirement of your business.

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For more information you need to visit our site business card logo design or you can also Create a logo design for UK residents. Get a logo for 10 only from this website graphic design logos.For more information about business card logo design,company logo design visit createlogodesign.co.uk

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May 12th, 2011 12:16:02




Business Trends in B2B Marketplace

March 29th, 2011

As time passes on there is a vast advancement in the trends of international trade, commerce and world market. It raises the competition in the world market which in turn changes the tricks of business where different suppliers, buyers, sellers, manufacturers have now started using online b2b portals. These business to business portals are commonly known by exporter manufacturer directory or buyer seller directory. In India one of the business destinations of the world houses number of b2b directory where you will find different manufacturers, sellers, buyers, importers from all over the world. These b2b directory india is turn into an outstanding marketplaces that have emerged as technology for enhancing business at the speed of thought. The aim of all these b2b directories with different items is to promote one’s business. There are different types of business directories where you will find all types of products related to aircrafts, food products, consumer electronics, electrical equipment & supplies, rubber & plastics, textiles, motor parts, home & garden, chemicals, fashion accessories, massive manufacturing base, agriculture products, medical, cars, power plants, lighting, capital machinery, apparel, food items, telecommunications, toys, timepieces jewelry & eyewear and many more products that are listed by different sellers, manufacturers, buyers, importers and other online traders.

Business to business directory has played an important role in building a common platform for all online traders where they can perform online deals with different world leading companies. Company of any type may be in finance, banking, advertising, insurance and other industries can be found in these type of business to business directories. India has emerged as super economy power only because of its highest usage of b2b marketplace where you can find types of products listed by small or big traders comprising Indian exporters, manufacturers, sellers, buyers, sellers, importers and other traders performing online dealing at affordable prices.

B2b directory of India has widely known as tradecaste.com that results into an enhanced business with intelligence and various types of business activities. It provides best of the Indian manufacturers and Indian exporters deals in different types of products carrying different business activities in terms of buying or selling a particular product at reasonable rates. These business directories act as online catalog and E-visiting cards for particular companies. B2b directory offers relevant information about the list of online traders of particular business that proves to be the best place to consult within case of new business. Therefore, online business directory brings the whole world into small vessel containing different types of materials of business world.

About Author
“Business Trends in B2B Marketplace” is a useful article for indian exporters. It gives information about b2b directory, bussiness directory, b2b directory india.

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March 29th, 2011 23:17:45




Egypt Keeps Its Stock Exchange Shuttered, Fearing Sell-Off, Capital Flight

March 15th, 2011
The Media Line Staff

Cairo, Egypt (TML) – Husni Mubarak is gone and the mass protests at Tahrir Square are mostly history, but Egypt’s stock exchange remains closed – its trading floors empty and two tanks stationed outside its Cairo headquarters, serving as an all too conspicuous symbol of the country’s struggle to get back to business.

Officials have hinted repeatedly over the last few weeks that the market will open soon, most recently on Monday when Bloomberg News quoted exchange spokesman Hisham Turk and cabinet spokesman Magdy Raby as saying an announcement would come by the evening. As of late Tuesday, no announcement had been made and Turk was unavailable for comment.

“It’s an institution that is very public and visible. For it to be closed isn’t a positive sign. That’s why the opening of the stock market will be important. It provides a sense that the situation is returning to normal,” Angus Blair, head of research at the Cairo-based investment bank Beltone Financial, told The Media Line.

The Egyptian Exchange was shut January 27 as confrontations between the government and protestors unnerved investors and sent shares plummeting 17% in two trading sessions. But the army-led transitional government has since brought order to the country and economic activity has resumed.

Although the decision when to open and under what conditions is up to exchange officials, analysts say the government fears that resuming trading would give people a conduit for sending capital the country badly needs overseas. It could also send a bearish message about the economy if shares tumble in initial trading.

The authorities have taken some measures to address those issues. As of March 14, Egypt’s attorney-general has temporarily barred 52 people plus immediate family members in many cases, from trading shares. The list includes the Mubarak family, as well as top business people and former ministers.

To address concerns about a massive sell-off, Egypt’s Financial Service Supervisory Authority last Saturday eased rules for margin trading, the practice of buying securities with cash borrowed from a broker and using other securities as collateral. Investors now need only repay loans or add collateral when their debt reaches 70% of the shares’ value. That is 10 percentage points higher than previously.

To help small investors, who have been the most nervous about the fall-out of the exchange’s re-opening, a fund worth 250 million Egyptian pounds ($42 million) was formed on Sunday to offer them loans.

“We are getting close to a reopening in the sense that we are trying to ensure sufficient demand so that when the stock exchange opens there won’t be a strong crash. We expect a landing, but we want it to be a soft landing,” Egyptian Finance Minister Samir Radwan told the CNBC business television network on Monday. “I hope by mid week we will be functioning.”

Egypt lost several weeks worth of output during the peak of the unrest. Even today, strikes are frequent and two key sources of foreign income – tourism and the salaries of Egyptians working abroad – remain problem areas. Tourists are trickling back slowly, as travel to the Middle East suffers from unrest in places like Libya and Bahrain. Meanwhile, hundreds of thousands of Egyptians have fled Libya, depriving their families of income.

Radwan said last week that gross domestic product may grow as little as 3% in the year to the end of June if production does not get back on track. The economy grew by 5.1% in the 2009/10 financial year.

Meanwhile, stock markets across the Middle East have dropped in response to regional unrest. Globally, investors have been pulling out of emerging stock markets like Egypt’s. As of March 9, emerging-markets equity funds have suffered net withdrawals of more than $21 billion this year.

But there is some room for optimism. Shares of leading Egyptian stocks traded abroad in the form of global depository receipts have fallen since the exchange was shuttered, but they haven’t tanked. Orascom Construction Industries has shed 4.8%, Orascom Telecom 2.4%, EFG-Hermes 13.2% and Telecom Egypt 12.2%. “It’s not as bad as one would think,” said Beltone’s Blair.

Last Thursday, ratings agency Standard & Poor’s said it removed Egypt’s long-term foreign currency ratings from CreditWatch negative and affirmed its ratings of the country’s unsecured foreign currency sovereign debt.

Whether or not investors will look at the Egyptian cup as half full or half empty, the stock exchange faces something of a deadline from MSCI, whose securities index are used by global investors to benchmark their performance and decide how to apportion their investments.

Under MSCI rules, a market can’t be closed for more than 40 trading days, or it risks being expelled from the index. Frank Nielsen, MSCI’s executive director for equity and applied research, said this deadline was March 24. Expulsion would cause big institutions to divest their Egyptian stocks, although Nielsen declined to speculate on what the impact would be.

“What we are doing right now is talking to investors and other interested parties in Egypt and the rest of the world to get a sense of what investors feel about it, and what the plans are in Egypt,” Nielsen said in an interview on the Index Universe website. “Surely there will be an impact if we ultimately deleted Egypt from the Emerging Markets Index.”

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March 15th, 2011 12:58:03




Cheap Yet Custom Door Hangers Ever Boost Your Business Identity

March 09th, 2011

Business identity is the main concern for every business unquestionably. Either it is a small scale business or a large scale industry business identity does matter a lot for both of them enormously. Therefore if you are mulling over your rapid business identity development in the targeted market, you will barley need to implement door hangers so as to get your job done on the dot. In essence, door hangers are cheap yet customized products which can surely give a rise to your business identity in the market in a short period of time.

Basically door hangers are designed by unique graphic design tools i.e. coral draw, adobe illustrator, Photoshop, etc. which ever make a big impression on the eyes of the targeted audiences. Quality wise, door hangers are uniquely manufactured by full colour CMYK/PMS (Pantone Matching System) printing process that ensures your products quality lastingly. Look wise, printed door hangers are startling products by any means.

The truth of the matter is that door hangers are significantly adorned by means of professional gloss yet matte finish techniques. Besides if you need any extra touch regarding your door hangers, then you can surely implement embossing and debossing techniques so as to enhance the worth of your door hangers in style. Great news is that printing blue offers cheap door hanger service to its most valuable customers both in UK and worldwide.

Furthermore if you have folders and cheap business cards, then you can surely give them an extra touch via foil stamping and UV coating in a clear crystal and professional manner. When a product like door hanger is completely custom-made and professional, then it will surely have its mammoth impact on your business identity development lastingly. Interestingly printing blue makes available custom door hanger service to its trendy customers all around the globe.

With the help of cheap and personalized online door hangers, one can surely boost his or her business identity in the worldwide market competitively. Besides there can be so many other pros of using printable door hangers in your business for example amplified sales volume, increased amount of returns, competitiveness, customer satisfaction, and lasting business productivity. Online door hanger printing giant makes available discounted door hangers printing service to its valued customers internationally.

Further UK customers will not have to pay value added tax (VAT) anymore. In addition to print door hangers, company offers many other printing solutions to its valued customers worldwide cheaply such as envelopes printing, labels printing, folders printing, banners printing, vinyl stickers printing, ncr form printing, posters printing, bumper stickers printing, brochures printing, flyers printing, table tents printing, booklets printing, etc. In short, we ensure 100 percent customer satisfaction via our custom printing solutions.

About Author
Hi, this is Lester Cliff and i am purely connected with printing business here in London, UK
print door hangers printable door hangers

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March 09th, 2011 11:27:51




Shine Your Cars With Car Stickers

January 22nd, 2011

So you would like to shine your cars. Well all you have to do is to make use of car stickers so as to get your desire done at once. In fact, car stickers are consisted of many types such as car window stickers, car bumper stickers, car round stickers, funny car stickers, Disney car stickers, family car stickers, car rectangular stickers, car decals, car die cut stickers, and so on. The truth of the matter is that car stickers look great as a result of their scintillating designs and matchless prints. Currently online car decals are available in most economical price rates in the international market. Car stickers do shine your cars in a most elegant and graceful manner. For example, you could adorn the bumpers, doors, and mirrors of your cars with some stunning looking designs of car stickers. At the same time, you could make use of car vinyl stickers so as to promote your mottos far and wide. Generally car stickers are created by highly skilled graphic designers online whereas they are efficiently printed by using full color CMYK/PMS (Pantone Matching System) printing process.

Online sticker printing company presents latest and most affordable car sticker printing designs to its valued customers worldwide. Today a lot of children as well as young adults are using car bumper stickers in order to adorn their cars all around the world. In fact, car funny stickers have become the most favorite stickers for kids and grownups nowadays. On the other hand, there are funny car political stickers in the market which throw a lot of jokes in front of the people all the time. Online sticker printing company is strongly dedicated to provide you custom size car sticker printing worldwide in a most economical and professional manner. There are car window stickers which can be elegantly stuck on window both at homes and offices. Then there are some graceful designs of car vinyl decals which can be used for business identity purpose. Online sticker printing company makes available custom car window stickers printing service to its most valuable customers all around the globe. Add to that, it offers free unlimited design revisions, and free lamination as well as free shipment to its clients worldwide.

Last but not least, there are some vehicle window decals in the market which can be used for adoring buses, vans, trucks, motorbikes, etc. smartly. Online sticker printing company offers customized vehicle window decals to its valued customers with some other products and services i.e. packaging boxes, labels, folders, banners, posters, tickets, business cards, door hangers, etc. So if you need any assistance regarding your printing products, please feel free to contact us at idsketch.com. We will provide you the best car sticker printing worldwide. Shining your cars only needs car sticker printing. As a matter of fact, online sticker printing company offers full color car stickers printing to its valued customers worldwide in most affordable price rates.

Jeff Risk PhotoAbout Author
Hi, this is Jeff Risk and i am purely connected with printing business here in Streamwood, USA
car stickers, vehicle window decals, car window stickers

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January 22nd, 2011 08:12:25