Friday 31 October 2014

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$137M ALAATEDA MALL
Barwa plans 650-retail shop mall in Doha

Barwa Real Estate Group is set to build a QR500 million ($137.1 million) mall, Alaateda, featuring as many as 650 retails shops, close to the under-construction Msheireb Downtown Doha project, according to a report.

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1

50PC OF IPO COVERED
NCB to defy global slowdown with $6bn flotation

Saudi Arabia is still expected to chalk up the region's biggest ever listing when National Commercial Bank's SR22.5 billion ($6 billion) offering closes on November 2, bucking a broader market slowdown.

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2

REVENUE TOPS $177m
Emaar Malls Q3 net profit surges 55pc

Dubai's Emaar Malls Group (EMG), a unit of Emaar Properties, made a net profit of Dh321.18 million ($87.5 million) in the third quarter of the year, up 55.2 per cent from Dh206.97 million ($56.3 million) in the corresponding period of 2013.

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3

FOCUS
What will schools look like in 2030?

Education systems will undergo major changes, with schools becoming interactive environments where innovations in technology and curricula will transform the role of teachers and reshape the landscape of learning, according to a survey.

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4

INSIGHT
Oil price declines have shale investors scrambling

Plummeting oil prices are pushing some of the small-cap companies which flourished as part of the US shale energy boom close to their breaking point, while also prompting some well-known fund managers to aggressively buy energy stocks.

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5

IMAGE OF THE DAY
A symbol of democracy

A man takes pictures of miniature paper umbrellas, a symbol of the pro-democracy movement, in the part of Mongkok shopping district protesters are occupying in Hong Kong October 31.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Sedco Capital eyes $300m Europe real estate deal

Jeddah-based Islamic investment firm Sedco Capital plans to arrange a club investment of up to $300 million in European real estate, and will soon distribute its Luxembourg fund range via two European investment firms, its chief said.

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Retail & Wholesale

Barwa plans 650-retail shop mall in Doha

Barwa Real Estate Group is set to build a QR500 million ($137.1 million) mall, Alaateda, featuring as many as 650 retails shops, close to the under-construction Msheireb Downtown Doha project, according to a report.

More…
Finance & Capital Market

NBB's net profit surges 5.2pc to $112.1m

National Bank of Bahrain’s (NBB) net profit rose 5.2 per cent to BD42.16 million ($112.13 million) for the nine months ended September 30, compared with BD40.09 million for the corresponding period of the previous year.

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Analysis, Interviews, Opinions

Funds positive on Gulf equity markets despite oil price slide

Funds are positive on many Gulf stock markets despite the recent slide in oil prices, after sharp pull-backs in the markets improved valuations, the latest monthly Reuters survey of regional asset managers found.

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Industry, Logistics & Shipping

Globe Express Jan-Sept revenue up 8pc in UAE

Globe Express Services (GES), a major provider of logistics services, has recorded an eight per cent growth in revenue for its UAE offices between January and September, compared to the same period last year.

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Travel, Tourism & Hospitality

Etihad to fly thrice daily to Mumbai, Delhi

Etihad Airways, the national airline of the UAE, has announced that Mumbai and New Delhi will become its first destinations in India to be served with three-daily flights.

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IT & Telecommunications

Ooredoo Oman 9-month net hits $76m

Omani Qatari Telecommunications Company (Ooredoo Oman) has posted a net profit of RO29.5 million ($76.4 million) for the first nine months of the year as against RO23.1 million ($59.8 million) in the same period of 2013.

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Lifestyle

Microsoft offers wearable fitness device for $199

Microsoft Corp launched a device called "Microsoft Band" that will allow users to monitor their fitness and exercise regime, marking the world's largest software company's debut into the wearable technology market.

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Motoring

New Porsche Cayenne models arrive in Bahrain

Behbehani Brothers, the authorised distributors for Porsche in Bahrain, has welcomed the arrival of the new Cayenne in three different models, at the Porsche Centre Bahrain.

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Health & Environment

Stratasys, Worrell to accelerate medical device development

Stratasys, a leading global provider of 3D printing, has collaborated with design and product development company Worrell to accelerate medical device development through the use of 3D printed injection moulding.

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Media & Promotion
Education, HR & Training

Startup scheme in Bahrain to help graduates in ICT

Preparations are underway for a two-month entrepreneur programme in Bahrain that aims to provide a platform for university graduates to turn their projects into real business.

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