Friday 19 December 2014

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OIL PRICE SLUMP 'TEMPORARY'
Opec can't cut alone but others would not, says Naimi

Saudi Arabia's powerful oil minister said on Thursday that Opec could not cut output without the support of other big producers and attempts to get them on board had not worked.

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1

LONDON DELISTING APPROVED
DP World wins key investor backing for EZW buy

Shareholders of DP World have approved buying Economic Zones World (EZW) from its majority shareholder and also backed the port operator's delisting from the London Stock Exchange, the Dubai-based company said.

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2

CONSUMERS ‘KEY DRIVER’
Kuwait to maintain 6pc non-oil growth for 2 years

Kuwait’s non-oil growth, which accelerated notably in 2013, is expected to maintain its momentum, remaining around 5-6 per cent in the coming two years as government development projects keep their robust pace, a report said.

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3

SPECIAL REPORT
Majority of Mena women see gender equality in jobs

While 51 per cent of women in the Mena region consider recruitment and selection opportunities are regardless of gender, 31 per cent believe that women are treated less favourably in terms of salary, a report said.

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4

ANALYSIS
Oil slump won't derail $500bn Gulf infrastructure plan

Slumping oil prices will not halt a massive ramp-up in Gulf infrastructure spending, as rich nations deploy huge reserves to maintain a breakneck development pace and the rest turn to buoyant funding markets.

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5

IMAGE OF THE DAY
Demo for Dahlan

A Palestinian supporter of former head of Fatah in Gaza, Mohammed Dahlan, shouts slogans during a protest against Palestinian President Mahmoud Abbas, in Gaza City on December 18.

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Top Trade News

icondown

Industry Sectors

Retail & Wholesale

Canon EMEA sees high demand for new colour printer

Canon Europe, Middle East and Africa (EMEA) has experienced a high level of demand for its new colour production cutter imagePress C800 Series, since its launch at the ‘Canon For Business 2014’ event in Germany in May this year.

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Energy, Oil & Gas
Finance & Capital Market

Gulf markets surge on stronger oil

Stock markets in Saudi Arabia and the UAE soared on Thursday after the price of oil rebounded and the Riyadh government eased investors' fears by saying it would continue spending heavily on economic development.

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Analysis, Interviews, Opinions

Oil slump won't derail $500bn Gulf infrastructure plan

Slumping oil prices will not halt a massive ramp-up in Gulf infrastructure spending, as rich nations deploy huge reserves to maintain a breakneck development pace and the rest turn to buoyant funding markets.

More…
Industry, Logistics & Shipping

DP World wins key investor backing for EZW buy

Shareholders of DP World have approved buying Economic Zones World (EZW) from its majority shareholder and also backed the port operator's delisting from the London Stock Exchange, the Dubai-based company said.

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Travel, Tourism & Hospitality

Hilton’s check-in technology comes to MidEast and Africa

Hilton Worldwide has announced that its pioneering digital check-in and room selection technology is now live across more than 4,100 hotels spanning 11 brands worldwide, including 53 hotels in Middle East and Africa region.

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IT & Telecommunications
Lifestyle

Hyatt Regency Dubai Creek to open in March

Hyatt Hotels & Resorts said it will join wasl Hospitality, a subsidiary of leading UAE-based real estate management company wasl Asset Management, to launch its new luxury facility in March next year.

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Motoring

Abu Dhabi firm in tie-up for UAE’s first solar car

Abu Dhabi’s Petroleum Institute (PI) has entered into a technical partnership with Michelin, the world’s leading tire company, in a move to equip the UAE’s first solar racing car for a flagship solar race in the Middle East.

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Health & Environment

RAK FTZ in tie-up to boost green resources

Ras Al Khaimah Free Trade Zone (RAK FTZ) has partnered with the Environment Protection and Development Authority (EPDA) in a move to protect the earth’s resources and support the setup of industrial businesses in RAK FTZ.

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Media & Promotion

Dubai signage show to feature giant robots

DigiMatrix Technologies, a leader in digital and 3D printing solutions, will be bring giant robotic machines to the Signage and Graphic Imaging (SGI) 2015 show in Dubai, UAE, said event organisers.

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Education, HR & Training

Beam breaks ground for new school project

UAE-based Bukhatir Education Advancement and Management (Beam), an operator of creative science schools, recently marked the launch of an international school project at a special ground-breaking ceremony in Dubai, UAE.

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Miscellaneous

Fifa ethics investigator quits in protest

Fifa ethics investigator Michael Garcia has resigned in protest at the way his report into allegations of corruption in awarding the 2018 and 2022 World Cup to Russia and Qatar was handled by the soccer governing body's ethics judge.

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