Foreign Exchange Market

Definition of 'Foreign Exchange Market'

The market in which participants are able to buy, sell, exchange and speculate on currencies.  Foreign exchange markets are made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The forex market is considered to be the largest financial market in the world.

Investopedia explains 'Foreign Exchange Market'

Because the currency markets are large and liquid, they are believed to be the most efficient financial markets. It is important to realize that the foreign exchange market is not a single exchange, but is constructed of a global network of computers that connects participants from all parts of the world.

Read more: http://www.investopedia.com/terms/forex/f/foreign-exchange-markets.asp#ixzz28TCZs7cf

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What is Forex?

FOREX — the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.

Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates.

In the foreign exchange market there is little or no 'inside information'. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Significant news is released publicly so, at least in theory, everyone in the world receives the same news at the same time.

Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, where YYY is the ISO 4217 international three-letter code of the currency into which the price of one unit of XXX currency is expressed. For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.2045 dollar.

Unlike stocks and futures exchange, foreign exchange is indeed an interbank, over-the-counter (OTC) market which means there is no single universal exchange for specific currency pair. The foreign exchange market operates 24 hours per day throughout the week between individuals with Forex brokers, brokers with banks, and banks with banks. If the European session is ended the Asian session or US session will start, so all world currencies can be continually in trade. Traders can react to news when it breaks, rather than waiting for the market to open, as is the case with most other markets.

Average daily international foreign exchange trading volume was $4.0 trillion in April 2010 according to the BIS triennial report.

Like any market there is a bid/offer spread (difference between buying price and selling price). On major currency crosses, the difference between the price at which a market maker will sell ("ask", or "offer") to a wholesale customer and the price at which the same market-maker will buy ("bid") from the same wholesale customer is minimal, usually only 1 or 2 pips. In the EUR/USD price of 1.4238 a pip would be the '8' at the end. So the bid/ask quote of EUR/USD might be 1.4238/1.4239.

This, of course, does not apply to retail customers. Most individual currency speculators will trade using a broker which will typically have a spread marked up to say 3-20 pips (so in our example 1.4237/1.4239 or 1.423/1.425). The broker will give their clients often huge amounts of margin, thereby facilitating clients spending more money on the bid/ask spread. The brokers are not regulated by the U.S. Securities and Exchange Commission (since they do not sell securities), so they are not bound by the same margin limits as stock brokerages. They do not typically charge margin interest, however since currency trades must be settled in 2 days, they will "resettle" open positions (again collecting the bid/ask spread).

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The EUR/USD year-end challenge; To bull or not to bull

Is this the end of the tunnel? Rabobank's team asked in a recent report about the European thing. And after a month in which the ECB and Fed announced radical policy initiatives, this is the question the whole market has in mind. The Euro area continues to be a region where politicians need tons of pressure to get things done and certainly, the next quarter ought to show us some insights about the resolution of the Eurozone saga.

According to market experts and big banks, the 2012 final quarter will be dominated by four themes: the Eurozone drama, the US elections, the fiscal cliff and the growth across the advanced economies.

"Signs of global economic slowdown are visible in all major economies around the world and things will probably get worse before they get better," affirms Ilian Yotov from Allthingsforex.com. "With that said, one can argue that the U.S. economy is doing better than its euro-area counterpart."

Let's see. After ECB's president Mario Dragui put the ball on the politicians court again, all eyes turned back on Spain. On September 27 the Kingdom of Spain's government presented its draft budget for 2013 with a package of spending cuts and tax increases.

Eurozone: The Spanish thing

With public spending to be cut by 58% in 2013 and social spending representing 63.5% of budget, the government maintains that it will meet its budget targets: 6.3% deficit for 2012 and 4.5% for 2013. The black hole is that GDP is projected to decline 1.8% for this year and to contract 0.5% for next year. It seems that the Spanish government is going too optimistic taken the IMF and big banks worst GDP expectations and recent spending overruns.

"The Spanish government seems to be banking on the idea that it can pre-empt conditionality under a precautionary programme (Enhanced Conditions Credit Line)," Rabobank's analyst Elwin de Groot comments. "However, both the domestic and external (Germany) political situation is getting more complex by the day, suggesting that market pressure will still be needed to tip the balance in favour of a formal request." And as Adam Narczewski from XTB well said, "everybody is waiting for Madrid."

The problem with the Eurozone is that with an monetary union that has been built with a Central Bank with not real powers and unwilling to act as a true lender of last resort, and not fiscal and political union. The market is "constantly focused on the weakest link, rather than looking at the average strength across the region," as points Rabobank's team.

Spanish government repeats constantly that the Spain and the Eurozone fundamentals are sound but market doesn't really pay attention on this too much, because they don't have confidence on the euro area, even on the countries itself, institutions. The past October 2nd China Investment Corp Chairman Jin says that "it’s unrealistic to expect China to invest in bonds issued by heavily indebted European countries until fundamental problems are resolved." And it makes sense at all.

And the Spanish policy makers don't help the situation. News reporting Rajoy squandering money and Luis de Guindos providing dark answers to key questions are dampening consumer sentiment. As sample, when asked on Thursday why the taxpayers have made such a big adjustment vs the public sector? De Guindos just said "I prefer to look forward, not back".

The effect? Congress was surrounded past week by people claiming against budget cuts and the politicians squander money at the same time. And Artur Mas, Catalonia president, announced early elections in the region as soon as November 25. A date that will be marked with independence tone following the recent demonstrations early this month. Will be Catalonia a the new euro state? Mass medias across the world are expectant.

At least the bond auction held by the Spanish treasury, the country managed to sell 3.992 worth of 2014, 2015 and 2017 government bonds, at the top end of the targeted demand. 3- and 5-year yields fell in comparison with what the country had to pay at the previous auction.

With this approach, the recent Euro's gains seems to be short live as far as Spain doesn't request bailout as J.Foley, Senior Currency Strategist at Rabobank argues. “Investors will not wait indefinitely and it is very possible that it will take another surge in Spanish bond yields to provide Rajoy with the reason to finally request aid. As a consequence we continue to see scope for pullback in the EUR on a 1 mth view”.

"The European Central Bank’s OMT program provides a backstop to Europe but its activation is contingent upon the request of a nation," comments Kathy Lien from BK. "In other words, the program is obsolete until a country (ahem, Spain) asks for help."

And as the TD securities team remarks in a global research, "political optimism aside, slower growth and looser ECB t o provide fundamental pressure on EUR." In the Eurozone, "the worse off getting better while outperformers mean revert," adds TD.

Four more years for Obama? The fiscal cliff and real growth

Goldman Sachs expects US to grow 2.2% in 2012 and 1.9% in 2013. In the latest FOMC minutes, Fed officials expected the pace of economic growth would remain "moderate over coming quarters but would pick up over the 2013-2015 period." The GS analyst team sees the "unemployment rate to drift down to 8.0% by end-2013 as long-term unemployment continues to depress labour force participation."

In addition, the fiscal cliff is coming as the year is finishing. Expiring tax cuts, Bush tax cuts, payroll tax break, and the planned spending cuts will be undermining business confidence. But negotiations won't start before November 6 elections and probably it won't be addressed until the first months of 2013 . Businesses are more concerned than consumers on this, but as TD securities points, "sheer repetition of the phrase “fiscal cliff” may have dulled its meaning, but it is hard to overstate its significance to the evolution of the recovery in the US and globally."

TD Securities states that the recovery "remains sluggish," but "there are encouraging signs that the economic growth performance in H2 is improving." Said that, TD expects "the USD to be the beneficiary of increased risk aversion in the weeks ahead. Slower growth should weigh on the euro when political optimism fades." USD to outperform EUR.

"Now that we know that the Fed and the European Central Bank are willing to commit to open-ended quantitative easing, things will get back down to economic conditions on both sides of the Atlantic when trying to discover the appropriate levels for the EUR/USD exchange rate," comments Ilian Yotov. "And should the euro-zone register a double-dip recession in Q3, the EUR could emerge as the winner of the weakest currency contest."

Easy money is the world in this age. Marked have already priced Fed easing into USD and it leaves risk for reversal in the current bullish movement. "easy money but difficult returns will probably remain the norm into year-end" as states the JP Morgan team.

Global economy will face US political calendar and after the past October 4th debate, it seems to have an extra point of salt due Romney did exceedingly well and Obama seemed to be playing it safe.

Maybe it is not a "game changer" for Romney taken the recent President Obama's performance but it was new and fresh air for the Republican candidate after its controversial campaign. Polls show 56% of uncommitted voters say their opinion of Romney has changed for the better, while 13% say that about the President, according to Mark Knoller, CBS News White House Correspondent. According to results of CNN-ORC Post-Debate flash poll who won the debate, Romney 67%, Obama 25%.

"President Obama will be very difficult to beat given his consistent lead in the swing states," explains Andrew Busch from BMO Capital Markets. "Last night, Romney was given an opening. To win, the Romney campaign will need to go 3 for 3 in the remaining debates," Busch remarks.

There is three more debates before Tuesday November 6th elections:

• October 11th Vice presidential debate: Centre College, Danville, KY
• October 16th Second presidential debate (town meeting): Hofstra University, Hempstead, NY
• October 22nd Third presidential debate: Lynn University, Boca Raton, FL

Chris Sullivan, chief investment officer at United Nations Federal Credit Union, comments that "the performance of Gov. Romney may be enough to further narrow the polls in certain closely-contested states and may also be supportive of risk markets forward from here."

In an hypothetical case, "Romney victory would be a short-term Risk-On event, US equity positive and US dollar negative. Medium term, a Romney victory is a big US dollar positive due to money flowing back to the country for investment and reduced risk of US debt/deficits," affirms Andrew Busch.

But President Obama is the solid leader in polls and his people base is wider than Romney. Recent September employment report shows a significant improvement in figures. A special gift for Barack Obama as Unemployment rate has fallen to the lowest level since he took office.

The employment report in US was overall positive on Friday. NFP rises 114K in September vs 113K consensus; There was a big revision in August data to 142K from 96K previously reported; Labor force improves; Unemployment down to its lowest level since January 2009.

BBH's Marc Chandler commented in recent employment numbers, "US jobs report was decidedly mixed. There was good and bad news but the bottom line is that the data is still too weak for the Fed to even consider ending its unconventional policy."

The euro extended its recent rally against the dollar toward a fresh 2-week high on Friday, after the U.S. unemployment rate fell to its lowest level in 3 years in September.

While the near-term outlook remains bullish, the pair could lack momentum to regain the 1.3100 mark just yet as indicators are reaching overbought levels in 1- and 4-hour charts. However, should EUR/USD break above 1.3100, the 1.3170 September double top will the next bullish target.

EUR/USD Year-end forecast

Euro finally left the 1.2900 number as the EUR/USD rose 0.86% on Tuesday to close the session at 1.3016 after reaching 2-week highs at 1.3030 thanks to improvement in risk appetite. The Euro has advanced 230 pips this week against the Dollar from October 1st low at 1.2800.

"This time around," comments the Saxo Bank team, "we have EUR already very strong with tail risk already virtually priced out and we have the QE3 launch in the rear view mirror as well, though we know that worse employment means more QE while good data theoretically encourages USD-funded carry trading."

Just as point in context, HSBC Global Research publish in a scheme on how QE could affect currencies across the world: 

• US: QE = USD negative: Resultant “risk on” mood takes us to higher yielding more risky currencies. “Risk off” and the USD’s safe haven status kicks in.
• Eurozone: QE = EUR positive: Non-conventional easing as lowering the probability of EUR default and disintegration, thereby boosting the EUR.
• Japan: QE = mild JPY positive: JGB purchases have little JPY effect, but equity market boost encourages foreign capital inflows.
• UK QE = GBP neutral: Little currency impact as un-conventional monetary easing seen as an appropriate mirror to the ongoing tightening in fiscal policy.

The RBS analyst team has raised its "year-end EUR/USD forecast to reflect the Fed's more aggressive monetary easing stance and the ECB's new policy to support periphery sovereign bond markets." The bank now see a risk that a Spanish request for a bailout should provide additional fuel to EUR/USD during the Q4, "most likely before the October 18/19 EU Leaders Summit" points RBS. RBS EUR/USD forecast is 1.3000 in 1-month view and 1.2500 in December 2012. "An anticipated expansion of the ECB balance sheet as sovereign debt purchases rise is seen highlighting the longer term risks of holding EURs," RBS added.

On the other hand, Ilian Yotov sees EUR/USD to fall into 1.2000 level. "When the euro-zone registers a double-dip recession in Q3 and the European Central Bank has no other choice but to ease policy further, including cutting rates, the EUR should emerge as the winner of the weakest currency contest and could head back towards recent lows around $1.20."

So, as summary, What the market expects for the United States, the Eurozone and its EUR/USD relationship? Players expect the dust to settle down on politics with Spain requesting bailout in October and the United States giving four more years to Barack Obama but no solutions to the so-called fiscal cliff.

The market will even wake up from the sirens sings and will pay attention to fundamental data. At this time, players will recognize "the recoveries in the U.S. and Japan are stalling, while the euro-area is about to confirm my forecast for a double-dip recession," as comments Ilian Yotov and confirms PMIs and weak GDPs across the world.

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foreign exchange trading

Merkel to visit Greece next week; Rumors of imminent Spanish bailout denied

The trading week, dominated by contradictory reports concerning the Spanish bailout, ends with European markets in the green, after the sentiment was boosted on Thursday by ECB's announcement that its bond-buying program could be activated whenever needed. Following the release of the solid US NFP data for September EUR/USD broke above the 1.3030 level.

Samaras and Merkel to meet in Athens next Tuesday 

German Chancellor Angela Merkel will travel to Greece on October 9 to hold talks with PM Anotnis Samaras. This is the first time since the onset of the crisis that the German leader will visit Athens. Greek labor unions are planning a rally outside the parliament on Tuesday to demonstrate their opposition towards the visit

Earlier on Friday Samaras warned that Greece was running out of funds and that it was crucial for the country to receive the next tranche of the bailout money before the end of November, in order to prevent it from defaulting on its debts. On Saturday the Greek government will meet with Troika inspectors for the last time before the October 8 EcoFin meeting, in an attempt to reach an agreement on the remaining 2 billion euros of austerity measures.

"The troika is demanding above all further cuts to pensions and wages. That is very difficult, because we are already bleeding," Samaras said in an interview for the German daily Handelsblatt. "The existing cuts already go to the bone. We are at the limit of what we can expect of our population."

Eurogroup considers Spanish bailout unnecessary

A EU official told reporters on Friday that Spanish banks would not be recapitalized through the ESM this year and that the exact timing of the procedure was not known yet. He added that the Eurogroup also did not see the need for a complete Spanish bailout such as those granted to Greece, Ireland or Portugal.

The official said that the results of the latest Spanish debt auctions were satisfactory and that the situation on the financial markets improved considerably over the last six months. Eurozone finance ministers, who will hold a meeting on October 8, will discuss the situation in Spain, but they do not expect that Mariano Rajoy's government will ask for the activation of the ESM.

These declarations further contradict rumors of an imminent request for a Spanish bailout, which have been circulating in recent days. On Tuesday Mariano Rajoy said that such a request would not be made in the nearest future while on Thursday night Finance Minister Luis de Guindos denied that Spain needs a bailout at all.

Spanish FinMin denies that Spain needs a bailout

During a lecture at the London School of Economics Spanish Finance Minister Luis de Guindos told the audience that Spain does not need a bailout, despite the increasing rumors that the country might officially ask for aid as soon as this weekend. He said that what the country really needs is ECB's intervention on the secondary market of government bonds under certain conditions.

Referring to the harsh austerity measures, introduced recently by the Spanish government and triggering violent protests in Madrid Luis de Guindos assured that “what we are doing is what we think is the correct thing not only for Spain but for the future of the Eurozone."

During Luis de Guindos's speech a group of young Spaniards protested by displaying placards with the inscription “Spain for Sale.”

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Tel innovation helps to apply the secret spy camera and data theft

U.S. military experts develop an application for a mobile phone camera can take pictures secret without arousing the attention of those around you is the application that may be exploited by a lot of hackers and spies eavesdropping on your home and break your privacy and security.

Center scientists have been able «Bliss Rider»'s of the Strategic Research Center and Marine »in« Crane »state« Indiana »American to reach the strategies and mechanisms by which that spies Ooualemttlfon able to penetrate buildings and installations.

The new application can also capture three-dimensional images of the internal spaces of the rooms, but identify the information and documents available within these facilities.

Scientists had the status of «Bliss Rider» have given a random sample of volunteers were given from mobile devices developed without informed of the existence of this application talk on their phones to use it normally.

The scientists explained that it has been possible to extract vital information from mobile phones that exist between developed hands of twenty volunteers at a time facilitated the Alsourthelathih Dimensions captured him extract information and data accurately, where this technique works through the rear of the phone by the technique of «modern Android.

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Google plans to buy a company specializing in the definition techniques faces

Intends to "Google" buy "Viewdle", taken from "Silicon Valley" based, specializing in facial recognition technology and techniques actually.

Where is developing technology research team consisting of 36 staff subordinate to the company's branch in Ukraine, according to sources familiar with the this regard, note that the financial value of the deal is approximately U.S. $ 45 million.

It is expected to benefit Google techniques this company integrates them into mobile "Android" smart and social network "Google Plus" and also a pair of Google with augmented reality technology.

The company "Vewdle", which was founded in 2007, has been funded by several companies, including supermarket chain American to sell consumer electronics "Best Buy", and the "Research In Motion" Canadian Fund partners BlackBerry "Blackberry Partners Fund" and the company " Qualcomm "American.

This step may be an attempt by Google to protect itself from the issues of patent violations, in order to compete with "Facebook", which recently acquired the company "Weiss. Com - Face.com" emerging and specialized in facial recognition techniques.

Note that this is not the first time that acquires the "Google" to a specialized company in this regard, it has acquired in July last year on the company "PittPatt" specialized in technology face recognition, as bought "Neven Vision" German leader in systems visual recognition in 2006.

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Bangladeshi climb Mount Ajyad believing that light fell on it fit,

Fawaz Al Abdali - already - Mecca: At Moatamer Bangladeshi died last night of his wounds dangerous down Mount Ajyad dam, while trying to up the mountain, where it was thought that the Mountain of Light, was received by his family the body after the completion of the police station Ajyad investigations and evidenced by the lack of suspicion criminalin death.

The processes for help had received this morning a tip from a number of passers-benefit Bosoarham the deceased person and dressed Ihram down Mount Ajyad dam, and immediately moved the security of the site was transferred the deceased to the morgue, started to police station Ajyad investigations into the incident and reveal them during that the body back to the pilgrims Bangladeshi citizenship interview access to Mecca coming from his country.

  And confirmed the police investigation that pilgrims climb the mountain in a late night last night, which he thinks is the Mountain of Light, but it is unbalanced as it continues to rise for the likes of the Earth has been hit with a number of rocks, the throes of his wounds and severe injuries that he sustained.

The body was handed over to his family this afternoon after police investigations and collect evidence official about the incident and they are free of any criminal suspicion.

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«Microsoft» reveal rewards system games on the platform «Xspocks Live»

The company «Microsoft» U.S. software giant in the world, for its new private rewards and prizes games on the platform balances «Xspocks Live» e. The players will receive monthly discounts on purchases «Xspala», as well as free gifts according to their assets points of digital games. Will receive players who range from their balances between 3 thousand and 10 thousand points on the «special gift» The owners balances between 10 thousand and 25 thousand points will receive a free gift, in addition to the deduction of 1% per month on all transactions «Xspala» Finance, except «Microsoft points and membership subscriptions renewals platform «Xspocks Live. And all the members of the «Xspocks Live Gold to activate the reward system visit the awards section of the store« Markibliss ».

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Ibrahimovic: Messi does not deserve the Ballon d'Or

Zlatan Ibrahimovic believes scorer team Paris Saint-Germain that Lionel Messi does not deserve the Ballon d'Or this year.

Ibrahimovic said in a statement to CNN that "Euro Sport": "Messi made ​​a great season in terms of personal, but he did not do anything for his team did not score any important tournament."

He added: "I have obtained in the past three years and it's time to get them to another player, and there are a number of players who deserve the Golden Ball this year more than Messi, and having received the award for the fourth time will cause frustration for the rest of the players and will be considered a matter of getting them is impossible."

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Arab airlines best performers after the Americas

Showed the latest forecasts from the International Federation of Air Transport Association (IATA) that Arab airlines are the best performers in the world after the United States and Latin America.

According to a report issued by the "IATA", got "Arab. Net" a copy of which, it is expected to achieve Arab airlines profit rises 2.5% by $ 700 million in the year 2012, that the report is expected to continue to Arab companies to perform well in the next year 2013 and to be able to raise profits again by 2.7%.

The expectations "IATA" earlier had suggested that Arab airlines had recorded a profit by only $ 300 million.

According to data contained in the report, the Middle East is the best performer in the world after the United States, which occupies the first place expectations to achieve its rise in profits by 3%, followed by Latin America, which is expected to achieve airlines where a rise in profits by 2.7% at the end year 2012.

The report said that airlines in the Middle East could, in the first eight months of this year, expanding its ability to shipping by 13%, while the demand for its services by 14%.

According to the report, the demand for passenger transport services in the Arab region rose by 17.1% during the first eight months of this year, and this percentage is the highest in the world.

The report pointed out that the Arab airlines managed during the current year 2012 also increase its share in the market for flights of long-distance, where the Arab companies acquires only 4.8% of the number of passengers on long journeys, but that this percentage has increased in August / August 2012 to 11.5%.

The aviation sector is one of the important indicators of economic performance, both at the level of the world, or on the level of national economies, and the Arab airlines, and especially the Gulf, has an important centers in the national economies, and plays an important role in economic activity.

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Starting a forum 'Internet Governance' African Smart Village Wednesday

IGF held African «AfIGF 2012» on 3 and 4 October, with the participation of more than 100 experts from all over the continent to discuss Africa's position on Internet governance, and informational exchange and transfer of expertise.

It is scheduled to hold the conference sponsored by the Egyptian Ministry of Communications and the African Union Commission, as will bring the forum that will be held at the Smart Village representatives from governments, companies and non-governmental organizations for two days of intensive discussions, about the situation in the management of the Internet in Africa, and develop some strategies in the telecommunications sector.

The first phase of this project and a two-month, post and delegations from the Nile Basin countries to attend training courses at the National Institute for Communications and Information Technology Institute, where they are training 50 to 60 program specialist, was selected and identified by the African countries themselves, and project targets train around 3 thousand specialist over the full year.

Recalled that in October 2011 the Egyptian government launched the largest project «Egypt - African human development and capacity and skills training, and raise the efficiency of African cadres specialized in the field of communications and information technology.

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5 million a Dubai hotels in the first half, up 10 percent

The number of hotel guests in Dubai during the first half of the current year barrier 5 million inmates, an increase of 10%, compared to the same period last year, with improved revenue sector and guest nights, according to Khalid Ahmed bin Sulayem Director General of the Department of Tourism and Commerce Marketing, according to the newspaper " Union, "the UAE.

Bin Sulayem said in a press statement yesterday in Dubai, said that the number of tourist nights in Dubai during the first half grew by 18% to $ 19.2 million for the night, compared to 16.2 million nights during the same period last year, while hotel revenues recorded more than AED 9.8 billion, in the period from January to June, compared with 8.5 billion dirhams in the first half of 2011, a growth of 22%

And opened Khalid Ahmed bin Sulayem events eighth annual conference of the Group of Natalie Tours Russian Hotels Atlantis The Palm Dubai, which will be held in cooperation with Alpha Tours and lasts 5 days, the presence of Natasha Vorobyeva CEO General Manager Natalie Tours, Ghassan Aridi, CEO of Alpha Tours, and Brett Armitage Deputy President of Sales Atlantis The Palm Hotel.

The conference discussed the participation of representatives of 250 tourism companies from all over Russia, and a number of department managers and tourism events in Dubai, take advantage of the tourist attractions in Dubai, and new projects and update their information to support their mission in the commercialization of Russian tourists.

Bin Sulayem praised the tourism relations between Dubai and Russia, pointing out that Russia is one of the most important tourist markets for Dubai.

He added that the Department of Tourism organizes and participates in many events such as exhibitions and workshops, most recently a few days ago Moscow Tourism Fair Autumn "Leisure 2012", won the three awards. He explained that the department statistics showed that the number of hotel guests during the first half of this year amounted to more than 3.98 million a 10% increase, while the total number of guests apartments 1.044 million, a growth of 9%.

The average residence hotel establishments in Dubai hotels and hotel apartments, during the first half of 3.8 nights, compared to 3.5 for the night during the same period last year, an increase of 8%.

The revenue for hotels in Dubai during the first half of this year from 8.38 billion dirhams, an increase of 21%, while revenues amounted to apartments AED 2.4 billion, an increase of 23%.

According to Khalid Bin Sulayem that the average Dubai accommodation during the first half of this year was 3.4 nights versus 3.2 nights during the same period of last year, an increase of 5%, and the average residence hotel apartments in Dubai during the first half of this year 5 6 night versus 4.9 nights during the same period last year, an increase of 13%.

The number of hotel rooms and apartments in Dubai during the first half of 76 thousand rooms and serviced apartments versus 73.2 thousand rooms and serviced apartments in the same period of last year, an increase of 4%.

The Department of Tourism pointed out that the number of rooms accommodation Dubai rose by the end of the first half to more than 54.2 thousand rooms compared to about 52.8 thousand rooms by the end of the first half of 2011, an increase of 3%, while the total number of apartments in Dubai at the end of last June, more than 21.7 thousand apartments compared with 20.3 thousand apartments by the end of June 2011, an increase of 7%.

It showed statistical figures that the average occupancy of hotel rooms in Dubai during the first half of this year achieved a 82% compared to 76% during the same period of last year, up 6%, while the average occupancy apartments during the first half of this year 79% compared to 76% during the the same period of last year, an increase of 3%.

The average room rate hotel in Dubai during the first half of this year 601 dirhams versus 570 dirhams during the same period of last year, up 5%, and the average price of the apartment hotel in Dubai during the first half of this year 417 dirhams for 374 dirhams during the same period last year, an increase of 11%.

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App Store Yandex Russian rival Google Play

Russian search giant divorced "Yandex-Yandex", the new store applications on the Internet, which carries the name "Yandex.Store" which includes 40 thousand a custom application for mobile devices from smart phones and tablet computers.

The store services "Yandex" other, such as e-mail service and mapping service and user interface with three-dimensional effects for mobile devices based on the operating system "Android", known as "Yandex.Shell".

The company "Yandex" new competitor to store my shop applications "Amazon" and "Google Play", although the latter includes nearly 675,000 application, as well as the arrival of a number of downloads it to 25 billion download process.

New Browser

In a related context, launched "Yandex" a new Internet browser combines the effectiveness of the browser "Chrome" browser technology and efficiency "Oprah."

And supports browser Russian engine design "Web Kit-WebKit", document the months browsers such as "Google Chrome" and "Apple's Safari", beside Astnadeh to technology "Opera Turbo-Opera Turbo" based on pressure contents web pages to speed up the process matching.

And features security standards for the protection of information and data, as it includes programs to protect my company, "Kaspersky Lab" and "Yandex".

This browser provides integrated Russian research services, including simultaneous translation service and digital maps service.

According to Arkady Vuluzh, CEO of "Yandex", the "company has developed a Web browser-based computing environment cloud, Integrated with the best services and products, to become a web browser open source, and gives developers and programmers a fertile environment for creating applications and programs of their own."

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«Google» runner for Apple after the financial value exceeded for «Microsoft»

Exceeded the company «Google» counterpart Microsoft, in terms of financial value for the first time in the history of the two companies, thus becoming «Google» is the second largest company specialized information technology in the world after Apple in terms of financial value.

The shares fell «Microsoft» by Al-Jazeera. Botnet by 0.8%, while shares rose «Google» almost the same percentage, which helped to overcome the Microsoft for the first time.

Has been associated with rising shares «Google» positive reports about the high profits in the online advertising market and the increasing growth in the number of smart phones that do daily Android, prompting analysts to predict that the 'Google' in its best towards more long-term growth.

On the contrary, it began by «Microsoft» retreat after concerns the PC market decline and uncertainty about its new operating system Windows 8, which the company intends to launch officially later this month

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Dollar bounces result disappointing data

U.S. dollar got a break against the euro, and the details are disappointing PMI issued yesterday, showed that commercial activities in the euro area remained weak despite efforts by the central bank.

As reported from Tokyo at 13:45 (Japan time), the euro traded at $ 1.2972 against the U.S. dollar, after falling more than 0.6% on Thursday, and had reached the EUR / U.S. dollar on Monday to the highest level a 4-month low of 1.3173, but lost about 2% of that value since then. Continue fears the euro zone debt formation of a burden on the economy, and there is now renewed expectations that Greece will be forced once again to restructure existing debt, and all of this is likely to put pressure on the euro in the short term.

Helped the euro was down to push the U.S. Dollar Index, which contains among its components on the euro and other major currencies as trading the index at its highest level in a week when 79.660 DXY, away from the lowest level in 6 months and who had arrived to him on Friday at 78.601 DXY.

The beginning of the Chinese PMI data yesterday, the turmoil global PMI data from the euro zone and the United States of America, added pessimistic tendencies and highlighted the difficulties faced by decision-makers, even with having quickly to print currency.

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Fundamental analysis of currencies in the Forex market

You will learn in this tutorial how to apply fundamental analysis to your trading style, this is what some call it "institutional Forex trading system." You learn the fundamentals of the economy that affect the overall global market. So-called fundamental analysis.

There is a big debate among traders who use technical analysis only and traders who use fundamental analysis only. For me, this just an academic topic. If there is information you need close monitoring. Do not just rely on fundamental analysis or technical, use Monday. When you have a strong technical pattern powered with the basics, the probability to be true is inevitable.

When it appears both the fundamental and technical analysis different directions, you have to be careful. Do not operate happiness with Forex trading, wait and watch, The Forex market is not suitable for Dreamers, you use scientific analysis to maximize the probability that the correct perception of what you can get from the market. Then analyzed deeply, and the fact that a strong technical pattern, know basic support for your analysis, you will have a good deliberative decision. Take risk tolerance, and you will be successful.

There is a central bank in each country is responsible for the benefit of its economy. The central bank monitors some of the key factors that affect the economy, and to adjust their economic policies according to these factors.

Are advertised these factors constantly in fundamental analysis of currencies, and know the exact time of the announcement in advance. Consider such factors as the key indicators of the economy. Most central banks are: Feds, the European Central Bank, the Bank of Japan, the Bank of England. There are many key indicators, but few have called him "the engines market." Called this title because it is when they are advertised, they provide adequate support to move the markets, and because a significant impact on the economy and on the positions traders.

The most important is what you need to know about fundamental analysis is the market outlook for the index. Offers some analysts a number of potential indicators that will be announced. Such order effect on the markets and traders take their positions based on them. When index is announced, it will affect the market only when it is very different from what the market had expected. The reason is that all the factors available to the public have been put into consideration. When advertising for new information have an impact on the market only when they are different than expected.

Place the Forex strategy, know in advance what is fundamental indicators and analyzes important that will be announced next week in fundamental analysis of currencies. Learn about the expected figure that was available, and try to predict what will happen if this figure will appear better or worse than expected. It may be difficult at first, but it becomes easier with learning.

There are a lot of fundamental analysis (indicators), indicators of America the greatest influence on the market, and EU indicators less impact, except in the case where a significant difference from what is expected. Continued central bankers when they talk and give some evidence for inflation and interest rates, as these two are the main drivers of today's economy. When issued words such as "alert" or "very vigilant" about inflation from a central bank governors, will have a significant impact on the currency.

When inflation rises, the central banks are trying to reduce by raising interest rates, and when the interest rate rises, currency support. Learn what are the economic indicators that reflect inflation and the central bank's decisions on interest rates, and fundamental analysis will be an additional tool you can use in the Forex trading.

Observe always things that the market already knows, because all this information is reflected on the prices in the market. When issued new information, learn, and take your situation based on them.

There is a lot of information about fundamental analysis on the Internet. Visit Bloomberg economic agenda and the economic agenda Yahoo. Use the search words such as "Basics of Forex" or "economic agendas Forex" and you will find what you are looking for. Then examine the meaning of these indicators and the relationship between them. Owns the majority of Forex traders integrated economic agenda in their own trading platforms.

Often a time on these economic agendas is GMT "Greenwich", you know the time differences between the region in which they live and the timing of "Greenwich," and will know what time it is, who will announce the index. Agreement is announced in the market - if any - in advance on these economic agendas.

Study analyzes the fundamental or economic indicators accurately, and you will have in the end, a wonderful guide helps you in the trading process.

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Astronomical catastrophe supplied Russia with tons of rare diamonds

Revealed Russia, on Tuesday, all the mystery remained its reserves since the seventies of the last century, a "secret Massey" in every sense of the word, and shortening of the reserves size trillions of carats diamonds rare fall asleep under the nozzle most recently bumping an asteroid before 35 million years, a enough to meet the diverse needs of the world of diamonds for more than 3000 years.

Asteroid who came all the breath of life in Eastern Siberia latest where diameter hole 99 kilometers and stayed without a study, that scientists began "Institute Novosibirsk of Geology and Mineralogy," studied 50 years ago almost, and named it Popigai Astroblem famous, and discovered beneath reserves astronomical of diamonds Nader is completely unknown.

And تكتمت authorities of the Soviet Union defunct on "News Diamond" did not allow extraction of only carats specific studies and tests that proved them to MAS "Bobegay" stronger than double any diamond known in the market, making it ideal for industrial uses and scientific, which is kind of formed raw materials from bumping asteroid a field of diamonds already exists on the ground and at high speed.

And the statement issued by Nikolai Buquelenko, director of "Institute Novosibirsk" geological, that could precautions field diamond old - new influence on the type of movement markets world diamond "Although the main customers for this type of diamond harsh are the companies and scientific institutes," he said.

Nikolai said that diamonds present in the field, "ten times larger than all of the world's reserves at the same time", pointing out that it "trillions Alkirarat" according to his assertion, which means that Massa in Cedar wealth tonnes to Russia billions each year.

As Gennady Nikitin, a deputy director of the "Institute of sapphire diamond Nyibrom" Russian also, Vnnbh that the new discovery could affect diamond prices, "but we do not know how prices will be in the market if it entered sparklers superior rigidity," according to his assertion.

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Chinese passenger plane "C-919" takes place first experimental voyage in 2014

Revealed Chinese media that the first model of passenger aircraft large "C 919" Chinese-made finished designs first and began working currently in the detailed design, is scheduled to hold the plane journey first pilot in 2014 and obtain a certificate of airworthiness and enter the market in 2016, itwhich symbolizes the recovery of the civil aviation industry in China, entering the competition in the global market monopolized by American Boeing and European Airbus.

China enjoys intellectual property rights independent of passenger aircraft large "C 919", which has cost nearly 60 billion yuan, or about $ 9.5 billion, and up over the flight to 4075 kilometers, and its cargo maximum takeoff to 72.5 tons, and the number of hours flight designed it to 90 thousand hours.

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Saudi student develops a submarine in cooperation with NASA

Under its scientific doctoral able engineer and Sam Hassan SPI, scholarship of Umm Al Qura University Ph.D. at the University of Queensland Technology, Australia, in the field of engineering specialty Smart systems design submarine water smart, and do experience a successful operation in the territorial waters of the United States of America SouthwestState Los Angeles, and in collaboration with the national Research management Aeronautics and Space NASA and the California Institute of Technology and under the supervision of Dr.. specialist Ryan Smith aquatic submarines.

The SPI: characterized by this kind of submarine work control system self, and are used to the goals of scientific research, the goal of this experiment is to apply "systems of artificial intelligence on the submarine to exploit energy water currents different in determining the course of the submarine to reach certain areas to collect samples of ocean water.

And will introduce the draft submarine smart and details of the experience and results at the International Conference for harnessing the power of ocean MTS / IEEE OCEANS 2012 and primarily in the state of Virginia America in October, as reported Riyadh, in addition to the launch of the second experiment of the project early next year additions new to the system.

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11 way to increase the benefit of attending conferences and exhibitions Forex

Forex Trade and investment conferences and educational seminars carries between a lot of positives and beneficial to individuals and business owners together, but this is difficult to summarize the reasons that may lead you to be among the attendees. We will try in this article mentioned eleven way to get the maximum benefit from the show.

In general, when she attends related conference in the field of work you care or express your actual experience, be a golden opportunity to connect with renowned experts on the local or global level and colleagues know them thanks to their articles and books. How can you get the most out of the FX shows in general, and reverse this benefit in your trading day? There is no absolute answer to this question, and each dealer may have a professional and personal goals different wants to achieve by attending exhibitions and seminars Forex.

Here are the top 11 ways that may help you to achieve maximum benefit from the presence in the Forex Trade:

1. Read the conference agenda carefully, and select what episodes that may help you improve your trading skills. Farther from the seminars that you can learn their own materials, and give yourself a chance to hear the very threads that do not you speak or think you are weak.

2. Closer to professional colleagues to become your friends in Congress, to be able to participate in what you learn. Such cooperation could bring benefits, especially when talking with you about the episode only one of you to attend.

3. Brought from the first day do not leave before the end of the conference. You can not realize how much good information may miss if you arrive late or leave early.

4. Stay at the selected hotel for the conference. There is a need to reside in the hotel where he resides, a majority of those present, where you can Altoaslk with as many of the experts and expand your network in the most effective.

5. You have to realize that potential employers and clients or business partners are watching your behavior and actions when attending concerts conference. Act responsibly, you're not really "out of service".

6. Do not leave yourself without business cards, in order to help new acquaintances to remind you when they return to their home countries.

7. Collect tactfully largest number of business cards as much as possible, so you can follow up with postcards and e-mails and phone calls and appointments.

8. Buy the tapes and audio CDs which is based on the conference registration through educational seminars. Do this even for seminars attended, but before you do this make sure that these recordings have not been published on the Internet for free.

9. Be an active participant, and ask questions and made comments.

10. Met and I thank everyone who worked at the Planning Commission. They deserve special praise. When thanking, will surely be one of the few who do.

11. And last but not least, open your mind to new challenges, and look carefully to all the new ideas put forward and the future that is reminiscent of theories in conferences. Who knows? These ideas may be the source of your success in the future.

Do not miss the top of the Middle East and North Africa tenth for the management of investment funds - 2012:

Despite the economic slowdown and political instability that dominate the countries of the Middle East, United Arab Emirates remains the largest market in the region and has a strong economy based on a solid foundation and a long-term vision.

For the sixth year in a row the group Arabcom (Arabcom Group) with al Summit Middle East and North Africa tenth for the management of investment funds in the 15 to 16 November 2012 at the Jumeirah Beach Hotel in Dubai.

The exhibition will present the latest technological developments in e-commerce and innovations designed to reduce the hidden costs, and the reduction of non-competencies in circulation to attend. Diversity of the summit's agenda a very large, as is the case every year, on a wider scope to cover all that is new in the world of forex, bonds, futures, oil, gold, commodities, options trading and other bilateral.

As you can encounter approximately 1,000 investors from all over the world, and interview the winners at the top of the Middle East and North Africa tenth for the management of investment funds, in the field of Forex money management and investment.

Summit will be held for two days between the conference and exhibition, where it displays the professionals in the industry discussing financial issues leading in the Middle East with regard to the current global economic situation.

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Gold above 1770 dollars after stimulus boosted investor appetite

- Gold prices returned on Friday to rise above 1770 dollars an ounce, as expectations that developed central banks measures to spur growth will boost liquidity and raise inflation and keep interest rates at their lowest level the precious metal on the road to achieving gains for the fifth consecutive week. Also boosted other markets higher gold price. U.S. stocks resumed and the euro to rise and oil recovered from its lowest level in a month and a half with the return of investors to the market after the stimulus measures announced by the major central banks in recent times.

Gold rose in the spot market 0.4 percent to $ 1773.44 an ounce by 0945 GMT, while U.S. futures increased gold for delivery in December 6.10 to $ 1776.30 an ounce.

The Bank of Japan was the latest central bank reveals a monetary measures to facilitate this week after the Federal Reserve announced (Central American) for a big program of asset purchases and the ECB's announcement of a plan to buy bonds from euro zone countries heavily indebted.

Among other precious metals increased silver 0.6 percent to 34.78 dollars an ounce, while platinum rose in the spot market up 0.6 percent to $ 1631.25 an ounce.

And palladium rose 1.4 percent to $ 669.47 an ounce.

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A look at the latest phones after entering «HTC» competition with the iPhone and Galaxy »

The smart phone market in the world struggle over who has the largest percentage of market share, after Samsung began the race in June launched «Galaxy S 3 'and' Galaxy Ativ feed based on Android operating system as Nokia rushed launch the first mobile operating systemWindows Phone 8 «Umia 920» and «Umia 820 in September.


And raised «Apple» her smart «iPhone 5» September 12 system running the new «ios 6» prompting the announcement «HTC» on September 20, put my phone «HTC 8X» and «H T C-8 S» for reservations market share by the end of 2012.

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Video «Apple opens its doors to lovers of the iPhone 5» German and delight to receive the first device

Did not go minutes at the beginning of the twenty-first day of September even opened stores 'Apple' doors in Australia and Hong fact that Japan and Germany to receive the lovers of the iPhone 5 »according to the newspaper« Tele Graf.

She had introduced the new Apple product (iPhone 5) on Friday and markets was a record demand degree raised questions about the possibility of inadequate supply.

Apple received more than two million Request for a device (iPhone 5) in the first 24 hours which is similar to double the number of sales on the first day of the previous subtraction (iPhone 4S).

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Golden Boot delivery Messi late October

Some press reports confirmed Spanish that the Spanish football, will hand over the Golden Boot Award for the FC Barcelona star Lionel Messi, top scorer in the Spanish league season (20112012), with the end of the month of October (day 25 or 26 of the month).

It is noteworthy that Lionel Messi won the award after scoring 50 goals as the best scorer in all European leagues, to lead all of Cristiano Ronaldo, who scored 46 goals, and Radmill Falcao Garcia, who scored 24 goals

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Russia announces the names of the cities hosting the 2018 World Cup soon

MOSCOW (Reuters) - organizers said the 2018 World Cup football on Friday that Russia will announce the names of the cities that will host matches finals via local television screens in 29 of September.
Organizers said that the announcement of the names of these cities will be through "Tonight," which aired the first Russian channel at 21:20 local time (17:20 GMT).
The Local Organising Committee said in a statement that "Sepp Blatter, president of the International Football Association (FIFA) and Vitaly Mutko and Russian sports minister Sevithan ceremony announcing the names of the host cities."
And 13 Russian cities competing to host the tournament which Moscow and St. Petersburg and Kaliningrad, Yaroslavl, Nizhny Novgorod and Kazan, Samara, Saransk, Volgograd, Krasnodar and Rostov, Sochi and Yekaterinburg.
The final match will be played at the Luzhniki Stadium in Moscow while giant will choose another stadium in the Russian capital in the selection process.

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24 percent "decline" in sales of computer equipment giant Oracle

Oracle Corp. announced that quarterly sales of computer equipment fell
24% on an annual basis while working hard to bring about a qualitative leap in the unit computers that have fallen to when buying Sun Microsystems.

The company, which managed and Silicon Valley billionaire Larry Ellison, the value of sales of computer equipment fell to $ 779 million in the first quarter of its fiscal year ending August 31, according to Reuters.

She had expected a decline of 7 to 17%. Oracle also said that sales of new computer programs increased by 6% from a year earlier to $ 1.6 billion, an increase in line with the company's expectations.

Oracle recorded the third largest software maker in the world profit in the first quarter, with the exclusion of provisions amounted to 53 cents per share, which is in line with the median forecast in a Thomson Reuters survey IBM ESI.
Was little changed on Oracle shares in subsequent trading after closing in the Nasdaq market closed at 32.26 dollars.

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Providing the price of cigarettes Turkish shoe shiner bought the house of his dreams of 4 floors

Have you thought about a day what is the value of a pack of cigarettes? Do believe that the value of a pack of cigarettes that go smoke in the air could have check According dreams and the Anatolia news agency Turkish citizen working shoe shiner to collect a large sum of money over the 23 years of the money that was supposed to be spent on smoking if a smoker. It came up with the idea of a Turkish citizen "Alec" that is throughout this period to give his wife a day the price of a pack of cigarettes, which he will buy on a daily basis if he is a smoker.

He mentioned citizen told the Anatolia news that he did not smoke cigarettes or any type of tobacco throughout his life, and he was very poor, but in light of the idea received by the mind 23 years ago could now owning a building of 4 floors, not to mention no harm to his health.

 "Here" aged 56 years, and a resident in the area, "Onyia" in the province of "Urdu" on the Black Sea north of evil Turkey, that the main motivation for the implementation of this idea but it is a seven secure the future of his children.

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After the publication of cartoon of the Prophet France decided to close their embassies and schools Friday in 20 countries

France announced its decision to close its embassies and schools in 20 countries on Friday following the publication of caricatures of the Prophet Mohammad (PBUH) in a French magazine.

And announced the French Foreign Minister, Laurent Fabius, said on Wednesday that France had taken a "special security precautions" to protect embassies in the world after the publication of cartoons of the Prophet Mohammed in the French satirical magazine.

Fabius said "sent instructions to take special security precautions in all countries that can get problems."

He also contended that the publication of the magazine Charlie Hebdo weekly satirical cartoons of the Prophet Mohammed in the "status quo" hurt "oil on the fire." Ban demonstrations

In contrast, French Prime Minister Jean-Marc Aareault, on Wednesday, he will be banned demonstration called for Saturday in Paris to protest the anti-Islam film, reminding shocked by the publication of cartoons of the Prophet Mohammed in a French magazine comic that they can resort to the judiciary. The Aareault explained that "I do not need to bring disputes does not mean France to our territory."

The Prime Minister emphasized that the French Republic does not accept at all any intimidation from anyone in relation to their values. He continued, saying "We will not tolerate any excesses," praising the "spirit of responsibility and moderation majora in which they possess the" French officials Religion in France.

Freedom to draw cartoons

In response to a question about the cartoons published by the magazine "Charlie Hebdo" on Wednesday and ridiculed the Prophet Mohammad said Aareault "We are in a country that preserves the freedom of expression and freedom of drawing cartoons, too."

"On each individual to exercise this freedom and respect", but "if people really felt abused in their convictions, they can resort to the courts.'ve Already got this with this magazine," he said, adding that France is a secular republic civilian.

He concluded by stressing that it is up to those in charge of this newspaper to decide what should be done or not done.

The weekly "Charlie Hebdo" satirical published Wednesday cartoons of the Prophet Mohammed, and a week after the outbreak of the wave of protests against Islamic anti-Islam film

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Global declines Iron stimulates Saudi investors to re-import

Galvanized successive declines steel prices on the global level Saudi investors and contractors to resume imports from abroad after the Ramadan period which saw the anticipation by investors for global price indices.

After the stability lasted for four weeks experienced world prices for ferrous metals, prices declined in most crudes in the second week of September.

Investors said in their conversations with "Riyadh" The succession of price declines globally encourage them to import large quantities of iron after an increase in demand after the Ramadan period.

They emphasized that the price difference between import and domestic prices, which are in favor of import motivates investors to import large quantities to meet domestic demand and to take advantage of price differences.

Khaled al-Qahtani investor sector contracting and resource building materials: the current situation has become tempting for investors to import to benefit from price differentials between imported products and shoddy Arabia and the local product, which is oil prices now by global standards high, reaching up differences price to hundreds of dollars per ton.

He revealed that the number of contractors to negotiate directly with many international companies in China, Turkey and Ukraine to import large quantities of iron and re-registration of new orders after a period of Ramadan, supported by the high level of demand on the domestic market as a result of government projects and large housing projects for citizens.

For his part, criticized the investor sector contracting Mohammed Saad lack interaction domestic market with declines global stability price index iron Department of Commerce for local companies manufactured and which was formerly the direct interaction when prices rise globally despite buying large quantities old prices and sold to consumers in accordance with the course of global conditions.

While does not have any impact to lower prices locally by manufacturers Bhetwala global declines, which draws more than a question mark over the policy of raising prices locally when it rises globally and this is expected and installed dips International.

He pointed out that many of the Arab and Gulf markets reacted with global declines and Oakptha cut prices, except for the local market that exploits the increased demand of price fixing.

The price dropped tons billet crude, the key element in the manufacture of iron to $ 580 on September 11, 2012, compared with a week that kiss, which amounted to $ 600 on September 4, down $ 20 per tonne, as the price of tons rebar to 615 dollars on September 11 2012, compared with the week before, and which amounted to $ 630, down $ 15 per tonne.

And settled price of a ton of scrap cut at $ 380 on August 11, 2012, while the price of tons of steel coils flat on the "hot" for up to 555 dollars on August 28, 2012, compared to prices on 4 September, which amounted to $ 565, down $ 10 per ton, and stabilized the price per ton of cast iron at $ 495 on September 11, 2012.

The Ministry of Trade and Industry informed the Council of Saudi Chambers to previous necessity circular on contractors who carry out construction projects government need to use iron to allow them to use imported steel as an option for the implementation of these projects and reduce the huge demand for iron factory locally in order to reduce rising prices.

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Motorola launches its first phones with the Intel-backed

Phone works, of course, within the operating system environment "Android 4.0-Ice Cream Sandwich," and the company is studying upgraded to the latest version "Jelly", but did not disclose the exact date for the update.

Technology "Hyper Threading" from Intel

The phone uses the processor, "Intel Medfield" type "Atum - Z2480" mono-core 2 GHz speed. Although single-core processor, but it works efficiently similar dual cores, thanks to Intel, known as "multipath-Hyper Threading" based on technology "32 nm", which seems to the operating system like a dual processor cores, to ensure fast performance and high efficiency in treatment.

The phone comes equipped with technology display screen "Super AMOLED" Measuring 4.3 inches at a resolution 960 × 540 pixels, and covered with a layer of protection from "gorilla" resistant to shocks and scratches. The outer structure coated "DuPont Kevlar" with durability and high strength and resistance to heat gives a soft texture of the phone.

The device has a camera background carefully equipped with 8 megapixel feature "auto-focus" flash "LED" capable of 1080p video capture at 30 frames per second, and the other front 0.3 megapixel resolution. The phone weighs 126 grams and 8.3 mm thick dimensions of 122.5 x 60.9 x 8.3 mm.

Internal memory capacity of 32 GB maximum

Other technical specifications contain the phone of RAM 1 GB, and other internal capacity of 8 GB, can be increased through the port "Micro SD" up to 32 GB maximum.

According to the "Motorola", فالهاتف gives the user a long battery life 40% higher than the life of the battery in the phone "iPhone 4S", as it continues to work up to 20 hours of average use, and effort of 2,000 mA per hour.

The phone supports in terms of communication networks "UMTS" frequencies (850-900-1900 -2100) MHz, and all the networks of "GSM", as well as networks of "GPRS", and "EDGE". It also supports technology "Wi-Fi" wireless, and Bluetooth 2.1 + EDR ", and communication technology near-term" NFC ", and GPS" GPS ", and a digital compass, as well as its support to the technology" DLAN "broadcast multimedia content to other home appliances.

The company plans to put her by October / October in several selected markets, including Britain, Brazil, France, Argentina, Germany and Mexico, but did not announce the price.

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