Friday 24 October 2014

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REBUILDING CONFIDENCE
Egypt considers $1.5bn bond as it repairs economy

Egypt could tap international bond markets to raise up to $1.5 billion next year to shore up its finances and is open to agreeing an International Monetary Fund loan package if needed, Finance Minister Hany Kadry Dimian said.

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1

BACKS UN EFFORTS
Bahrain urges global partnership for peace

Bahrain's Premier is urging an international partnership to strengthen security, stability and quality of life, in a statement marking UN Day.

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2

FOREIGN RESERVES HIT $38bn
Lebanon plans $1 billion economic stimulus for 2015

Lebanon is planning a $1 billion economic stimulus package for 2015 to maintain growth and support an economy which has been hit by a three-year conflict in neighbouring Syria, the central bank governor said.

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3

INSIGHT
Fixing ‘Ebolanomics’ in pursuit of vaccines and drugs

As researchers from Africa to China to America race to develop vaccines and treatments to fight Ebola, health experts are grappling with the economics of a disease that until this year had been off the drug industry's radar.

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4

FOCUS
Egypt's Juhayna set for recovery after ‘difficult year’

Juhayna, Egypt's largest producer of packaged juice and dairy products, expects its profits to recover next year after an increase in the cost of raw materials squeezed margins this year, its chairman said.

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5

IMAGE OF THE DAY
Sweet Sanctions

Russian artist Yelena Zelenskaya displays pies she baked that look like North Korean leader Kim Jong Un, US President Barak Obama, and German Chancellor Angela Merkel, prepared for an art performance.

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Top Trade News

icondown

Industry Sectors

Retail & Wholesale

Yas Mall to unveil brand new retail concepts

Yas Mall, Abu Dhabi’s ultimate retail destination set to open in November, is set to unveil a variety of brand new concepts launched for the first time by leading regional and international retail stores.

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Energy, Oil & Gas

Saudi supplies less oil in Sept despite output rise

Saudi Arabia supplied less crude oil to the market in September than a month earlier, an industry source said on Thursday, at a time when some Opec members are calling on the top oil exporter to cut back output to lift prices.

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Finance & Capital Market

Aabar seeks amplified role in $22bn Malaysia banking deal

Aabar Investments is demanding a hefty premium for its minority stake in Malaysia's No.4 bank, as the Abu Dhabi state fund leverages on its amplified role in a $22 billion merger that will create Southeast Asia's fourth-largest lender.

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Analysis, Interviews, Opinions

Egypt's Juhayna set for recovery after ‘difficult year’

Juhayna, Egypt's largest producer of packaged juice and dairy products, expects its profits to recover next year after an increase in the cost of raw materials squeezed margins this year, its chairman said.

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Industry, Logistics & Shipping
Travel, Tourism & Hospitality

Sharjah airport opens new $136m runway

Sharjah Airport has opened a new Dh500-million ($136 million) runway which has been designed to receive new generations of aircraft such as the Boeing 747-800, Airbus A380, and giant freighters like AN124 and AN225.

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IT & Telecommunications

China hackers 'may have infiltrated Apple's iCloud'

Apple's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the country's government is behind the campaign.

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Lifestyle

Qatar’s boat show doubles in size

The Qatar International Boat Show (QIBS) has grown in size and stature with leading bands such as Lurssen, Palmer Johnson, Blohm and Voss, and Esen Yacht headed out for the event, which will be held in Doha’s premier marina next month.

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Motoring

BMW sales surge 36pc in Bahrain

Euro Motors continues its surge forward for BMW and Mini sales this year with the BMW Group importer reporting a 36 per cent increase in sales for the three quarters of the year compared with the same period in 2013.

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Health & Environment

TVM Capital to invest $200m in UAE healthcare

Dubai-based private equity firm TVM Capital Healthcare Partners plans to invest $200 million over the next four years to expand its companies across the Gulf Arab region and India, its chairman told Reuters.

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Media & Promotion

Google launches ‘real-time’ email service

Google launched an email service called "Inbox" on Wednesday that will better organise emails and display information such as appointments, flight bookings and package deliveries in a more user-friendly way.

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Education, HR & Training

GCC upbeat on hiring, but young talent ‘a concern’

GCC employers looking to hire hundreds of thousands of new recruits in the next 12 months are also projecting an average 9 per cent increase in salaries, but a new study says they face a major challenge with young talent.

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