Sony Gulf FZE, the regional headquarters of Sony Corporation, has launched Sony's Digital Reference Car Audio System - the XES Series in Dubai. Haruyasu Nagata, managing director of Sony Gulf FZE, said the new system, priced at Dh40,000 ($10,810), brings together five components which combine the best of Sony's cutting edge technology and selected materials to produce sound quality never before experienced in a car.

Sharjah guide for investors

The Sharjah Economic Development Department has started work on compiling a guide for investors, detailing the services offered by every state department in the emirate. The guide will be out early next year.

Iran scraps export deposit

The Iranian government has scrapped both export-deposit requirements and the ceiling on export credits for non-oil products. The measures are aimed at reversing the sharp decline in non-oil exports seen over the past two months, he said.

OIGC seminar in Bahrain

Bahrain will be the venue of a GCC-wide industrial and investments seminar to be hosted by the Gulf Organisation for Industrial Consulting (Goic) on October 3 & 4. The two-day seminar is aimed at identifying and promoting a number of industrial projects in the region. [QQ]Presentations on specific projects are to be provided during the seminar. The GOIC estimates that GCC countries will need SR41 billion ($11 billion) annually to sustain the rate of industrial growth following the introduction of investment liberalisation laws.

LG eyes rise in TV sales

LG Electronics is targeting a 23 per cent increase in its share of the Middle East and Africa television market. It is also aiming to become one of the top three TV suppliers in the UAE by the end of this year.