Tuesday 30 June 2015

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STATE-BACKED BUSINESS
Abu Dhabi mulls merger to rescue troubled Taqa

Abu Dhabi may merge its national energy company Taqa into another state-owned business to make the company's crippling debts more manageable and try to turn around its performance.

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2,000 sq ft FACILITY
Dubai to build world’s first 3D printed office

Dubai has announced plans to build the world’s first fully functional 3D printed building.

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LAUNCH BY YEAR-END
Abu Dhabi finance zone gears up for opening

Abu Dhabi's new financial free zone, which aims to become a top banking centre for the region, took a step towards opening for business by issuing draft laws covering fund management and market operations.

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SPECIAL REPORT
Second quarter M&A close to record amid mega deals

Mergers and acquisitions worldwide in the second quarter (Q2) of 2015 almost matched the record set during Q2 2007.

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SPECIAL REPORT
Children in conflict zones need $2.3bn to go to school

The 34 million children who are out of school in conflict-affected countries need $2.3 billion to get them all schooling, ten times the amount education currently receives in aid, the United Nations' education agency Unesco said on Monday.

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IMAGE OF THE DAY
On top of the world

The Eastern Mangroves Suites by Jannah in Abu Dhabi, UAE, was announced the winner in the category of the Best Hotel Apartment in the Middle East Awards.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate
Retail & Wholesale

Italian brand Carpisa opens third store in Bahrain

Al Rashid Group, a leading retail organisation, has announced the launch of Carpisa, an Italian bags and accessories brand, in Bahrain. This is its third outlet in the kingdom.

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Energy, Oil & Gas

ABB wins $85m Qatar substation contract

ABB has won an order worth $85 million to provide turnkey substations in Qatar to support the integration of new power and seawater desalination plant in the country.

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Finance & Capital Market

Noor Bank marks listing of sukuk on Nasdaq Dubai

Hussain Al Qemzi, CEO of Dubai-based Noor Bank, a leading Islamic bank, today (June 30) rang the market-opening bell to celebrate the listing of a $500 sukuk on Nasdaq Dubai.

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Analysis, Interviews, Opinions

Mobile gaming market to top $7bn in SE Asia

The mobile game industry in Southeast Asia is the fastest growing region globally, a report said, noting that the market surpassed $1 billion in 2014, and is on track to top $7 billion by 2019 growing at a CAGR of 48 per cent.

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Industry, Logistics & Shipping

Oman firm on track to double aluminium production

Oman-based National Aluminium Products Company (Napco) said its expansion plan to double capacity is on track with equipment beginning to arrive in the sultanate ahead of schedule.

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Travel, Tourism & Hospitality

UAE visitor numbers to hit 45m by 2021

The UAE is likely to see visitor numbers increase to 45 million by 2021 as the country moves towards becoming a world-class leisure and entertainment destination, said a report.

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IT & Telecommunications

Turkcell buys key stake in Euroasia for $100m

Leading Turkish mobile phone company Turkcell said it had signed a deal to buy the remaining 44.96 per cent of its Netherlands-based unit Euroasia Telecommunications Holding for $100 million.

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Lifestyle

Watch Gallery opens new store in Abu Dhabi

Luxury watch retailer Watch Gallery, owned by the UAE-based Paris Gallery Group of Companies, has opened a new store at Yas Mall in Abu Dhabi as part of its regional expansion plans.

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Motoring

Nissan Sentra named ‘Top Compact Car’

Nissan, a leading automobile manufacturer, said that its 2015 Sentra model has been recognised as the ‘Top Compact Car’ by J D Power Initial Quality Study (IQS), the industry benchmark for new-vehicle quality.

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Health & Environment

DHA links insurance scheme to visa issuance, renewal

The Dubai Health Authority (DHA) has linked the health insurance scheme to visa issuance and renewal to ensure that all employers and sponsors comply with their responsibilities.

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Media & Promotion
Education, HR & Training

ADIB launches 'women in leadership' programme

Abu Dhabi Islamic Bank (ADIB), a top tier financial services institution, has launched the Tamkeen Women in Leadership Programme, a leadership training programme dedicated to female bankers.

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Miscellaneous

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