Saturday 3 December 2016

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2,800 OUTLETS
Citic-Carlyle eye $3bn McDonald’s China deal

A team led by Chinese conglomerate Citic Group and US-based private equity house Carlyle has emerged as the final global group to buy McDonald’s China franchise in a deal that could fetch nearly $3 billion.

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1

FIRM EYES $2bn PROFIT
$60 oil price to be dominant in 2017, says Lukoil

The global oil prices will rise by 50 per cent within six months and over the next year the price of $60 per barrel will be dominant, said a report, citing a top official of Russia's Lukoil.

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2

DEBT REMAINS MODERATE
Sharjah economy slows; growth may stay at 4pc

The economy of Sharjah, a UAE emirate, has slowed with nominal GDP growth expected to remain around 4 per cent into 2017 compared to 6 per cent on average in 2010-2015, said Moody's Investors Service.

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3

ANALYSIS
Opec deal unlikely to affect oil market balance

Opec has agreed to cut production by what equates to a 4.5-4.6 per cent cut per member country, which according to Barclays is consistent with its view of what Opec production levels were expected to be in 2017 irrespective of the deal.

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4

ANALYSIS
10 most important shifts in IT companies before 2020

By 2019, 40 per cent of IT projects will create new digital services and revenue streams that monetize data, says a new IDC report, highlighting the 10 most important shifts that will happen in IT organizations over the next 36 months.

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5

NEWS IN PICTURES
Thailand has a new king

Thailand has a new king after Crown Prince Maha Vajiralongkorn, 64, on December 1 accepted to ascend the throne to become the country's new monarch, the 10th King of the 234-year-old Chakri Dynasty.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Bahrain developer awards key marine works contract

Bahrain Marina Development Company has awarded a key contract to Al Hassanain Contracting Company for completion of the marine works for its mixed-use “Bahrain Marina” project.

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Retail & Wholesale

AFGRE to operate $1.78bn Doha Festival City

Qatar-based Bawabat Al Shamal Real Estate Company has signed up Al Futtaim Group Real Estate (AFGRE) to manage and operate its QR6.5-billion ($1.78 billion) mixed-use development Doha Festival City, which opens its doors in February.

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Energy, Oil & Gas

Opec strikes 'deal on first production cut in 8 years'

Oil prices jumped over eight per cent to $50.07 to hit a five-week high as Opec reached a deal to cut production by 1.2 million barrels per day (bpd) - its first output cut since 2008 - to clear a record global crude glut, said a report.

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Finance & Capital Market

Daher named new Gulf Bank CEO

Gulf Bank, the fourth-largest lender in Kuwait by assets, has appointed Antoine Daher as its new chief executive officer replacing Cesar Gonzalez-Bueno.

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Analysis, Interviews, Opinions

10 most important shifts in IT companies before 2020

By 2019, 40 per cent of IT projects will create new digital services and revenue streams that monetize data, says a new IDC report, highlighting the 10 most important shifts that will happen in IT organizations over the next 36 months.

More…
Industry, Logistics & Shipping

Saudi king lays foundation for giant maritime complex

Saudi Arabia’s King Salman bin Abdulaziz Al Saud yesterday laid the cornerstone for a commercial maritime project, that will add SR64 billion ($17 billion) to the kingdom’s GDP per year and create more than 80,000 job openings by 2030.

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Travel, Tourism & Hospitality

Oman Air introduces new 'Oman Air Pass'

To celebrate National Day in Oman, the sultanate's national carrier has announced the introduction of a new airfare discount booklet for regular travellers between Muscat and Salalah.

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IT & Telecommunications

40pc of IT projects ‘will monetise data by 2019’

By 2019, 40 per cent of IT projects will create new digital services and revenue streams that monetize data, says a new IDC report, highlighting the 10 most important shifts that will happen in IT organizations over the next 36 months.

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Lifestyle

A Lange & Söhne ‘in the sweet spot’

While the market for luxury watches this year has taken a beating, German watchmaker A Lange & Söhne remains in a sweet spot thanks to the high desirability of the brand.

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Motoring

UD Trucks names new Middle East president

Leading Japanese transport solutions provider UD Trucks has appointed Mourad Hedna as the new group president for the Middle East, East and North Africa region.

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Health & Environment

Researchers hunt missing link between genetics, environmental factors

A new global network linking leading research centres across the world has launched today to tackle some of the most pressing global health challenges of our time such as autism, cancer, diabetes and dementia.

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Media & Promotion

DIFF lists 15 titles for ‘Cinema of the World’

The Dubai International Film Festival (DIFF) has completed the exciting Cinema of the World line-up with a final 15 titles from internationally acclaimed directors and actors.

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Education, HR & Training

Pearson English test approved for NZ migration

Pearson Test of English Academic (PTE Academic), a leading online language proficiency test, will be an approved proof of English language proficiency for immigrants, Immigration New Zealand (INZ) has announced.

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Miscellaneous

Citic-Carlyle eye $3bn McDonald’s China deal

A team led by Chinese conglomerate Citic Group and US-based private equity house Carlyle has emerged as the final global group to buy McDonald’s China franchise in a deal that could fetch nearly $3 billion.

More…
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