Friday 6 March 2015

0

TO TACKLE ENERGY CRISIS
BP and partners to invest $12bn in Egypt gas deal

British oil company BP expects to invest around $12 billion with its partners as part of a finalised West Nile Delta concession deal to develop five trillion cu ft of gas resources and 55 million barrels of condensates.

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1

FIFA VOTE ON MARCH 19
Qatar ‘ready for summer or winter World Cup’

Qatar will be ready to deliver a World Cup no matter when it is played, the Gulf state's 2022 organising committee chief Hassan Al Thawadi assured.

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2

LONG-HAUL FLEET BOOST
Emirates to buy 50 to 70 Airbus or Boeing jets

Emirates Airlines is considering the purchase of up to 70 twin-engine Airbus A350s or Boeing 787s, company president Tim Clark said in Berlin yesterday (March 5), which would bolster the carrier's long-haul fleet.

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3

FOCUS
For the 'unbanked', mobile money still has some way to go

An estimated 2.5 billion people don't have a bank account, but many own a cellphone, fuelling a race to turn these phones into bank books for the 'unbanked' to store cash, manage their accounts, make purchases and send and receive money.

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4

SPOTLIGHT
Gym fans warned over early onset of back, knee problems

Gym enthusiasts are being warned by medical experts about the dangers of early onset of spine and knee problems.

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5

IMAGE OF THE DAY
Celebrating 'Festival of Colours'

A boy reacts as his father applies coloured powder to his face during celebrations for Holi in Mumbai March 6. Holi, also known as the Festival of Colours, heralds the beginning of spring and is celebrated all over India.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Egypt aims for final Arabtec housing deal by mid-March

Egypt's housing minister said that talks with Dubai-listed Arabtec are continuing and that he hopes to reach a final deal on a plan to build a million homes before a March 13 to 15 investment conference in Sharm El-Sheikh.

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Retail & Wholesale

Post-it maker unveils greener paper-sourcing policy

St Paul-based 3M Co, one of the world's largest manufacturers and the maker of Post-it notes, will take new steps to ensure that its suppliers of paper, pulp and packaging provide materials that come from sustainably logged timber.

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Energy, Oil & Gas

Brent climbs above $61 on Mideast supply concerns

Brent crude rose above $61 a barrel on Friday amid geopolitical tensions in Libya and Iraq, while traders eyed US rig counts and the outcome of Iran nuclear talks for further trading cues.

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Finance & Capital Market

Mubadala GE net profit dips 3.9pc on fee income

Mubadala GE Capital, a joint venture between the Abu Dhabi state-owned fund and General Electric, reported a 3.9 per cent drop in 2014 net profit as higher proceeds from the sale of financial assets could not offset a slump in fee income.

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Analysis, Interviews, Opinions

For the 'unbanked', mobile money still has some way to go

An estimated 2.5 billion people don't have a bank account, but many own a cellphone, fuelling a race to turn these phones into bank books for the 'unbanked' to store cash, manage their accounts, make purchases and send and receive money.

More…
Industry, Logistics & Shipping

Al Meera records over 15pc net profit

Qatar-based Al Meera Consumer Goods Company, a firm engaged in the purchase and sale of consumer goods, has revealed a major net profit of 15.5 per cent for the year ended December 2014, in comparison to the previous year.

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Travel, Tourism & Hospitality

Emirates to buy 50 to 70 Airbus or Boeing jets

Emirates Airlines is considering the purchase of up to 70 twin-engine Airbus A350s or Boeing 787s, company president Tim Clark said in Berlin yesterday (March 5), which would bolster the carrier's long-haul fleet.

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IT & Telecommunications

Etisalat, Huawei to develop new M2M, IoT framework

Etisalat Group and Huawei, a leading global ICT solutions provider, are set to develop a new collaboration framework for machine-to-machine (M2M) communications and innovative Internet of Things (IoT) communications.

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Lifestyle

Private jet travel growing fastest in emerging markets

Journeys via private jets between emerging markets and the world’s leading cities are some of the fastest growing according to private aviation provider NetJets and Knight Frank, a top property consultancy.

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Motoring

Self-driving cars could generate billions in revenue

Self-driving cars could generate billions of dollars a year in revenue from mobile internet services and products, even if occupants spend only a fraction of their free time on the web, according to a new study by McKinsey & Company.

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Health & Environment

Prenatal blood tests detect cancer in some women

A new genetic test that sequences the blood of pregnant women for signs of diseases such as down syndrome in their fetuses are turning up unexpected results: a diagnosis of cancer in the mother.

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Media & Promotion
Miscellaneous

Saudi King aims for new Sunni bloc vs Iran, IS

Saudi Arabia is pushing for Sunni Muslim Middle East countries to set aside differences over political Islam and focus on what it sees as more urgent threats from Iran and Islamic State.

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