Friday 21 November 2014

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10-YEAR VALIDITY
$2bn deal signed to modernise Riyadh’s bus network

A SR7.8 billion ($2 billion) contract was signed by Riyadh’s Governor with the Saudi Arabian Public Transport Company and France’s Regie Autonome des Trasports Parisians to supply, operate and maintain the Riyadh Bus network, said a report.

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1

SHARP DISAGREEMENTS
Iran nuclear talks stuck, deadline may be extended

A deadline for resolving a 12-year-old dispute over Iran's nuclear program may be extended from Monday until March because of sharp disagreements between Tehran and world powers, officials close to the talks said.

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2

LONG-TERM PLANS BACK FUND
Oil slump ‘won’t derail Qatar investment strategy’

Volatile oil prices will not force the Qatar Investment Authority (QIA) to change its investment strategy, the sovereign wealth fund's chief executive said on Thursday.

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3

TECHNOLOGY
Cellphone trackers to feature altitude data

Cellphones have doubled as tracking devices, capable of revealing your location to police, paramedics, even grocery stores looking to deliver coupons to customers. But there’s a measurement cellphones once struggled to make: altitude.

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4

SPOTLIGHT
The future of mobility

“Mobility brings freedom and progress,” said executive chairman William Clay Ford Jr. of Ford Motor Company, quoting his great-grandfather Henry Ford at the “Future of Mobility” event hosted by Dubai Chamber.

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5

IMAGE OF THE DAY
Oil lamps light-up Kathmandu

Oil lamps offered by devotees illuminate the Bagmati River flowing through the premises of the Pashupatinath Temple, during the Bala Chaturdashi festival, in Kathmandu, November 21.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

27 major investment projects unveiled in Yanbu

As many as 27 major investment project in the industrial city of Yanbu in Saudi Arabia were recently unveiled by the kingdom’s Municipal and Rural Affairs Minister, according to a report.

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Energy, Oil & Gas

Iran leases oil storage in china, ships crude to India from there

Iran leased oil storage at Dalian port in China earlier this year and has made at least two deliveries of crude from there to India and one to South Korea, according to sources with knowledge of the matter.

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Finance & Capital Market

Russia state fund sees ME demand despite sanctions

The Russian Direct Investment Fund (RDIF) is still attracting significant interest from investors in the Middle East and Asia despite sanctions putting off investment from the West, its chief executive said.

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Analysis, Interviews, Opinions

The future of mobility

“Mobility brings freedom and progress,” said executive chairman William Clay Ford Jr. of Ford Motor Company, quoting his great-grandfather Henry Ford at the “Future of Mobility” event hosted by Dubai Chamber.

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Industry, Logistics & Shipping

OptaSense in $12m deal to secure rail lines in Saudi Arabia

OptaSense, a QinetiQ company, has won a five-year $12-million contract, split evenly with its partner Taqqat Global Co - Abdulla Fouad Group, to provide security monitoring for two rail lines from Dammam to Riyadh.

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Travel, Tourism & Hospitality

Kuwait Airways to buy 10 Boeing 777-ER planes

Kuwait Airways has agreed to buy 10 widebody 777-300ER passenger aircraft from manufacturer Boeing to upgrade its fleet, the airline's chairwoman said.

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IT & Telecommunications

Mobile broadband's impact in Mideast in focus

Regional telecommunication leaders outlined how upcoming innovations in mobile broadband technology are likely to impact the Middle East in the coming year as the digital era brings people, ideas and businesses closer together.

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Lifestyle

Panerai launches two special edition timepieces

Italian timepiece manufacturer Officine Panerai has launched two new Special Edition watches, sold exclusively at the new Panerai boutique Located at Moda Mall in Manama, Bahrain.

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Motoring

92pc UAE car buyers ‘look to the web to decide’

More than 92 per cent of car buyers in the UAE did not know what brand they want to buy at the beginning of the search process and looked to the web to make a decision, according to a new survey.

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Health & Environment

Obesity claiming 2.8pc of global economic output

The global cost of obesity, which is at around 2.8 per cent of world economic output, is set to cause a steep increase in personal, social and economic costs if the growth rate continues at its current pace, a report said.

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Media & Promotion

IBM to launch enterprise email with cloud, social

IBM is reinventing enterprise email with a new freemium social collaboration offering that uses built-in analytics to give employees a new way to converse, find the right people and information fast, and get work done.

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Education, HR & Training

QIA to set up training academy to hone Qatari youth

Qatar Investment Authority (QIA), the country's sovereign wealth fund, has planned to set up a training academy to sharpen Qatari youth's financial and business skills, according to a report.

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Miscellaneous
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