January 2015 Issue 28
Intuit Management Consultancy
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New Abu Dhabi Free Zone Drafts First Laws
 
Abu Dhabi Global Market (ADGM), a new international financial center in the United Arab Emirates (UAE), announced on January 7 2015, that it had published draft legislation for open market consultation.
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India to surpass China's growth rate in 2016, says IMF
 
The International Monetary Fund (IMF) said on Tuesday that India is expected to grow at 6.3 per cent 2015 and 6.5 per cent in the next year, by when it is likely to cross China's projected growth rate. In 2014, the domestic growth rate was 5.8 per cent against China's 7.4 per cent, said the World Economic Report update released by IMF. The country's growth rate in 2013 stood at five per cent as against China's 7.8 per cent.
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Dubai enters top five ranked fastest growing economies
 
Growing trade and tourism has helped Dubai become one of the top five fastest growing cities in the world, according to a survey of 300 cities by a leading American think tank.
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Egypt eyes more oil production to revive economy
 
As part of the Egyptian government’s aim to move forward with gas exploration, it signed new agreements amounting to $97 million in oil and gas investments with Dana Gas, BP and another British firm, as well as other gas exploration contracts worth hundreds of millions of dollars.
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Middle Eastern M&As reach $22.7 billion in Q4 2014
 
The value of announced M&A transactions with any Middle Eastern involvement reached $22.7 billion during the fourth quarter of 2014.
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New regulation to improve Bahrain’s real estate market
 
Bahrain plans to introduce new obligatory tenancy registration procedures early next month.
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Treaty updates
 
Please find the treaty updates for the month of January 2015.
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Intuit Research Team

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