UAE’s Steel Consumption to Reach 15 Million Tons by 2012

According to our new research report, “UAE Steel Industry Analysis”, despite being affected by the ongoing financial crisis, the steel industry of the UAE is expected to witness good time ahead. Various upcoming infrastructure projects will drive the steel demand in the UAE. It is expected that the UAE’s steel consumption will reach 15 Million Tons by the end of 2012, an increase of around 50% from the consumption level of 2007.

The report highlights that the construction boom in the UAE is the major driving force behind the growth of its steel industry. It is expected that in coming two years, a total of US$ 392 Billion will be spend on construction activities. It is noteworthy that UAE’s construction activities are largely concentrated in Dubai, but during the coming years, unprecedented growth in the sector is expected throughout the country, especially in Abu Dhabi.

UAE is mainly dependent on imports to fulfill its domestic steel consumption. But recently major steel companies including state owned Emirate Steel (ESI) have planned to add major production capacity in the coming years to reduce the country’s dependence on imports.

Further as per our research, UAE is the leading country in terms of per-capita steel consumption in the region. The per capita steel consumption in the country stands at 2,348 Kg, which is not only higher than the GCC average of 645 Kg but also exceeds the world average of around 240 Kg.

“UAE Steel Industry Analysis” contains an extensive research and in-depth analysis of the UAE’s steel industry. The report gives an overview of the steel industry and studies the key market trends to help clients analyze the leading-edge opportunities in the UAE steel industry. Detailed data and analysis help investors and global players to navigate through the evolving steel industry of the UAE.

The report investigates the potential of UAE’s steel industry by focusing on the growth prospects. The research also covers the forecast on various industry segments including GCC steel production by country, GCC steel consumption by country, construction industry in UAE, steel production, steel consumption and the market share of steel companies.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM135.htm

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Philippines Banking Sector Analysis

Over a period of time, the banking industry of the Philippines has seen a transformation with the reforms being carried out by both the banking regulator and the government. The reform process has resulted in improved banking industry, with industry income touching new heights in 2007. Moreover, the Philippine banking industry has been undergoing consolidation that will further strengthen its position as new entities will increase the competition level. Moreover, banks will continue to be supported by a benign economic outlook, which reduces the likelihood of a sharp increase in unemployment or corporate bankruptcies, as per “Philippines Banking Sector Analysis", a new research report by RNCOS.

The report provides extensive research and rational analysis on the Philippines banking industry and helps clients in analyzing the current performance and growth opportunities that exist in the banking industry. The report provides detailed overview of the banking industry in the Philippines by contemplating and analyzing various parameters like assets size, income level, number of financial cardholders etc. It helps clients to understand various products available in the Philippines banking industry and their future scope.

The future forecast discusses the future prospects of different arms of banking industry, including bancassurance, financial cards, mobile banking and role of technology in banking. The future projection given in this report is done on the basis of the current market scenario, past trends, and rules and regulations laid by the central bank.

For the purpose of this research report, Asia consist of China, India, Hong Kong, Taiwan, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines and Vietnam.

Key Findings

- The Philippine banking industry posted a CAGR hike of 8.46% in asset base between 2004 and 2007.
- Industry deposits in the country grew at a CAGR of 9.82% from 2004 to 2007.
- Deposit mobilization is concentrated with universal and commercial banks, which account for the majority of the Philippine banking industry deposit.
- Financial Intermediation was the largest shareholder of the loan disbursal by banks during 2004-2007.
- Bancassurance will account for 65% of the total sales of insurance products by 2011.
- Increasing at a CAGR of 69.78%, microfinancing in the Philippines is expected to reach 56.5 Billion Pesos.
- Increasing mobile penetration will expand the mobile banking user base to more than 11 Million by 2011.

Key Issues & Facts Analyzed

- Market analysis of different product segments in the banking industry.
- Evaluation of current market trends.
- Factors driving growth in the Philippines banking industry.
- Analysis of challenges and opportunities for the industry.

Key Players Analyzed

This section covers the overview about the major players in the Philippines banking industry like Metropolitan Bank and Trust, Bank of the Philippine Islands, Banco de Oro UniBank Inc. and Land Bank of the Philippines.

Research Methodology Used

Information Sources

Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.

Analysis Method

The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM113.htm

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Discovering Fraudulent Appraisals During Foreclosure

Without question, one of the enablers in many fraudulent mortgage lending schemes has been a crooked appraiser willing to give a property any value that the Realtor, mortgage broker, or lender wanted. The real estate bubble could not have been inflated to such a high level without the complicity of many appraisers who threw all conservatism out the window and began giving properties ridiculous values in order to help secure loans.

Now, with the housing market collapsing all around us, these appraisers have had to go back to valuing homes at more reasonable levels. However, this leaves many homeowners out in the cold, having received inflated appraisals just a few years ago and now finding out their homes were never worth that amount. What recourse, though, do these borrowers have, especially when they fall into foreclosure ?

The degree of appraisal inflation and fraud has been found to be astronomical in too many cases already. Homeowners have discovered that their home's value was inflated by up to 1,000% of its non-bubble price. The typical mortgage insured by the Federal Housing Administration (FHA) is inflated by 30-50% in order to raise prices of property on first-time home buyers and low income borrowers.

So clearly, there is a problem with a large number of appraisals, but homeowners may have trouble holding the individual appraiser or his company liable for the inflated value. However, there are a number of different claims that can be brought against an appraiser that blatantly misrepresented the actual fair market value of a home, especially if the borrowers relied on that appraisal in their decision to buy or refinance.

The most obvious claim borrowers may be able to bring against an appraiser is fraud due to the misrepresentation of the home's value. While valuing a home is sometimes just as much art as science, obviously using inappropriate comparable sales or making unreasonable adjustments to justify a higher value can be a clear case of fraud.

The only problem with this claim that homeowners may find is that the conditions may be hard to meet. For example, the borrowers will need to show all nine elements are present for a fraud claim to be made. Unfortunately, this may be easier said than done, and homeowners may want to contact an attorney to discuss the potential of a fraud case in more depth. These nine elements are the following:

1. representation of an existing fact.
2. the fact is material.
3. the representation of the fact is false.
4. the speaker knows it is false.
5. the speaker intends the listener acts on the knowledge.
6. the listener is ignorant of the falsity.
7. the listener relies on the truth of the fact.
8. the listener has a right to rely on it.
9. damages are suffered by the listener.

Far more promising as a claim against appraisers is state Unfair and Deceptive Acts and Practices (UDAP) statutes. This claim is also somewhat easier to make. The reliance on the misrepresentation does not have to be show, and some of the other conditions are also loosened. Homeowners should contact a lawyer or do some research on their state's UDAP laws, however, to find out all of the relevant information.

There are also a number of other claims that can be made against an appraiser, either in or out of foreclosure. Depending on the circumstances of the case, some of these include violations of state licensing laws, civil conspiracy, fraudulent concealment, and civil RICO claims. Again, it may be in the homeowners' best interests to speak with legal counsel or research these issues in depth before making a claim.

Far too many homeowners were given the most expensive mortgages they qualified for and their home values were inflated to justify the large loans. Appraisers played a role in these transactions, and many of the most corrupt may have engaged in acts that carry significant legal liability. Especially in cases where a lender pushes homeowners into foreclosure, doing some research on these issues and holding the appraiser accountable may be called for.

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RNCOS Releases a New Report - Emerging Medical Tourism in South Korea

by: Shushmul Maheshwri

South Korea is emerging as a popular destination for medical tourism especially among the tourists from the US, Japan and China, says a new research report “Emerging Medical Tourism in South Korea” by RNCOS. In 2008, the country received around 25,000 foreign medical tourists, an impressive increase of more than 56% from previous year (2007). Medical tourists prefer South Korea not just for the lower costs of treatment, but also for its advanced technology and better healthcare infrastructure.





We have also found that South Korea is widely popular for its world-class and skilled professionals in plastic surgery that attracts medical patients from different parts of the world to get their surgery done at low cost. For instance, nearly 10,000 people landed in South Korea for plastic surgery procedures in 2008. Besides, the country has attained great proficiency in the treatment of different types of cancers such as stomach cancer and liver cancer.





With focus on various parameters of tourism industry, including inbound tourism, expenditure by inbound tourists, medical tourism and healthcare infrastructure, the report contains a thorough analysis of the South Korean medical tourism industry. It also provides strategic insight to the clients to evaluate opportunities for their success in the medical tourism industry.





Our report “Emerging Medical Tourism in South Korea” provides an insight into the South Korean medical tourism industry. It evaluates the past, present and future scenario of the medical tourism market, and discusses the key factors making South Korea a potential medical tourism destination.





The report also gives forecast for various segments of the medical tourism industry based on feasible tourism industry environment in South Korea. These include:





- Medical Tourist Arrivals


- Medical Tourism Receipts


- Number of Doctors


- Number of Hospital Beds


- Real GDP Growth


- Population



- Personal Disposable Income





The report also includes detailed information about the key players in the medical tourism industry of South Korea, including Asan Medical Center, Seoul National University Hospital, Samsung Medical Center, Ajou University Hospital, Yonsei University Health System and Kangnam St. Mary's Hospital.





For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM026.htm





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US Aluminum Industry to Grow Over 5.4% CAGR to 2013, Says RNCOS

by: Shushmul Maheshwari

At present, the US aluminum market is largely driven by automobile, construction, and packaging Industry. Use of aluminum in automobiles will keep on growing with increasing public demand for a greener environment and greater fuel efficiency that has forced policymakers to raise fuel economy standards, cut carbon dioxide emissions and enhance the use of aluminum in automobiles. Consequently, enabling the US aluminum industry to register a steady CAGR of 5.4% (in value terms) during 2009-2013, says RNCOS in its new research report “US Aluminum Market Analysis”.





Our industry experts have done thorough research on the US aluminum industry and has identified various decisive trends prevailing in the market, We have inferred that aluminum industry in the US is dominated by the top four players, accounting for nearly 80% of the market share, which gives rise to intense rivalry in the industry and calls for new market entrants to balance the aluminum demand-supply mechanism in the country.





According to the report, financial crisis will hamper the aluminum industry’s growth rate in 2009 amid slowdown in country’s automobile and construction industry. However, under the government’s stimulus plan, US$ 6.5 Billion will be granted to the aluminum sector so that more aluminum power transmission lines could be laid in the country, which will certainly work as a catalyst for triggering the aluminum demand in the country and will provide potential growth opportunities to existing and new market players.





With interest in "green" building increasing in the country, aluminum’s role in an array of building and construction applications is poised to grow, which could be attributed to aluminum’s recyclability, low weight, durability, and reflectivity. This will further boost the aluminum demand and will help industry to overcome the negative impacts of crisis.





Our report “US Aluminum Market Analysis” provides an extensive research and equitable analysis of the US aluminum market, its operations and future possibilities in the market. It evaluates past as well as present trends in the country’s aluminum market with respect to production, market value, consumption, price, etc. which facilitates deeper understanding of the market with a balanced economic approach. Report also provides forecasts on all relevant segments of the market, considering the impact of economic slowdown.





For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM581.htm





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Philippines Banking Sector Analysis

Over a period of time, the banking industry of the Philippines has seen a transformation with the reforms being carried out by both the banking regulator and the government. The reform process has resulted in improved banking industry, with industry income touching new heights in 2007. Moreover, the Philippine banking industry has been undergoing consolidation that will further strengthen its position as new entities will increase the competition level. Moreover, banks will continue to be supported by a benign economic outlook, which reduces the likelihood of a sharp increase in unemployment or corporate bankruptcies, as per “Philippines Banking Sector Analysis", a new research report by RNCOS.

The report provides extensive research and rational analysis on the Philippines banking industry and helps clients in analyzing the current performance and growth opportunities that exist in the banking industry. The report provides detailed overview of the banking industry in the Philippines by contemplating and analyzing various parameters like assets size, income level, number of financial cardholders etc. It helps clients to understand various products available in the Philippines banking industry and their future scope.

The future forecast discusses the future prospects of different arms of banking industry, including bancassurance, financial cards, mobile banking and role of technology in banking. The future projection given in this report is done on the basis of the current market scenario, past trends, and rules and regulations laid by the central bank.

For the purpose of this research report, Asia consist of China, India, Hong Kong, Taiwan, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines and Vietnam.

Key Findings

- The Philippine banking industry posted a CAGR hike of 8.46% in asset base between 2004 and 2007.
- Industry deposits in the country grew at a CAGR of 9.82% from 2004 to 2007.
- Deposit mobilization is concentrated with universal and commercial banks, which account for the majority of the Philippine banking industry deposit.
- Financial Intermediation was the largest shareholder of the loan disbursal by banks during 2004-2007.
- Bancassurance will account for 65% of the total sales of insurance products by 2011.
- Increasing at a CAGR of 69.78%, microfinancing in the Philippines is expected to reach 56.5 Billion Pesos.
- Increasing mobile penetration will expand the mobile banking user base to more than 11 Million by 2011.

Key Issues & Facts Analyzed

- Market analysis of different product segments in the banking industry.
- Evaluation of current market trends.
- Factors driving growth in the Philippines banking industry.
- Analysis of challenges and opportunities for the industry.

Key Players Analyzed

This section covers the overview about the major players in the Philippines banking industry like Metropolitan Bank and Trust, Bank of the Philippine Islands, Banco de Oro UniBank Inc. and Land Bank of the Philippines.

Research Methodology Used

Information Sources

Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.

Analysis Method

The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM113.htm

Check DISCOUNTED REPORTS on: http://www.rncos.com

Read More......

Philippines Banking Sector Analysis

Over a period of time, the banking industry of the Philippines has seen a transformation with the reforms being carried out by both the banking regulator and the government. The reform process has resulted in improved banking industry, with industry income touching new heights in 2007. Moreover, the Philippine banking industry has been undergoing consolidation that will further strengthen its position as new entities will increase the competition level. Moreover, banks will continue to be supported by a benign economic outlook, which reduces the likelihood of a sharp increase in unemployment or corporate bankruptcies, as per “Philippines Banking Sector Analysis", a new research report by RNCOS.

The report provides extensive research and rational analysis on the Philippines banking industry and helps clients in analyzing the current performance and growth opportunities that exist in the banking industry. The report provides detailed overview of the banking industry in the Philippines by contemplating and analyzing various parameters like assets size, income level, number of financial cardholders etc. It helps clients to understand various products available in the Philippines banking industry and their future scope.

The future forecast discusses the future prospects of different arms of banking industry, including bancassurance, financial cards, mobile banking and role of technology in banking. The future projection given in this report is done on the basis of the current market scenario, past trends, and rules and regulations laid by the central bank.

For the purpose of this research report, Asia consist of China, India, Hong Kong, Taiwan, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines and Vietnam.

Key Findings

- The Philippine banking industry posted a CAGR hike of 8.46% in asset base between 2004 and 2007.
- Industry deposits in the country grew at a CAGR of 9.82% from 2004 to 2007.
- Deposit mobilization is concentrated with universal and commercial banks, which account for the majority of the Philippine banking industry deposit.
- Financial Intermediation was the largest shareholder of the loan disbursal by banks during 2004-2007.
- Bancassurance will account for 65% of the total sales of insurance products by 2011.
- Increasing at a CAGR of 69.78%, microfinancing in the Philippines is expected to reach 56.5 Billion Pesos.
- Increasing mobile penetration will expand the mobile banking user base to more than 11 Million by 2011.

Key Issues Facts Analyzed

- Market analysis of different product segments in the banking industry.
- Evaluation of current market trends.
- Factors driving growth in the Philippines banking industry.
- Analysis of challenges and opportunities for the industry.

Key Players Analyzed

This section covers the overview about the major players in the Philippines banking industry like Metropolitan Bank and Trust, Bank of the Philippine Islands, Banco de Oro UniBank Inc. and Land Bank of the Philippines.

Research Methodology Used

Information Sources

Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.

Analysis Method

The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM113.htm

Check DISCOUNTED REPORTS on: http://www.rncos.com

Read More......