Wednesday 27 May 2015

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YEMEN WAR DISCUSSED
Iran, Oman settle maritime borders

Iran and Oman have agreed to demarcate a previously undefined stretch of maritime border, in waters including some of the world's busiest sea lanes, said Omani Foreign Minister Yusuf bin Alawi after talks in Muscat.

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TOP EUROPEAN BANK
Samena Capital buys 40pc in Kleinwort Benson's unit

Dubai-based Samena Capital will purchase an up-to-40 per cent equity stake in Kleinwort Benson's UK-based private bank unit, the private equity firm said on Tuesday, as it aims to augment its product offering to include merchant banking.

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2

ALHOKAIR VENTURE
Egypt's MNHD approves mall project with Saudi group

Egypt's Medinet Nasr for Housing and Development (MNHD) said its board has approved an offer from a unit of Saudi Arabian retailer Fawaz Abdulaziz Alhokair to build a mall at MNHD's Teegan development.

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3

ANALYSIS
Can UAE reach ambitious 2021 health goals?

The United Arab Emirates will need a steep increase of 50 per cent in the number of doctors from 2012 levels in order to meet its ambitious 2021 health targets, a report said.

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ANALYSIS
Life sciences challenge tech in global innovation

The life sciences industry is increasingly taking over from the tech sector in driving global innovation, according to a Thomson Reuters analysis of global patents.

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NEWS IN PICTURES
Playing dress-up

Dubai-based Emirates has launched the airline’s official cabin crew and pilot uniform for children in its Spring/Summer 2015 collection. Aspiring cabin crew and pilots aged 3 to 8 years can now play dress-up with the exclusive collection.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Acwa consortium inks Oman power project deal

A consortium comprising Saudi-based Acwa Power and Mitsui & Company has signed an agreement with Oman Power and Water Procurement Company (OPWP) for the development of the second phase of Salalah Independent Power Plant.

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Retail & Wholesale

Nakheel signs up 100 restaurants for waterfront project

Leading developer Nakheel has confirmed nearly 100 restaurants and shops at The Pointe, its new Dh800 million ($217 million) waterfront retail, dining and entertainment complex, under construction in Dubai, UAE.

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Energy, Oil & Gas
Finance & Capital Market

Samena Capital buys 40pc in Kleinwort Benson's unit

Dubai-based Samena Capital will purchase an up-to-40 per cent equity stake in Kleinwort Benson's UK-based private bank unit, the private equity firm said on Tuesday, as it aims to augment its product offering to include merchant banking.

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Analysis, Interviews, Opinions

Plane safe? Hacker case points to deeper cyber issues

As the aviation industry adopts communication protocols similar to those used on the Internet to connect cockpits and ground controls, it leaves itself open to the vulnerabilities tormeting other industries - from finance to oil and gas.

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Industry, Logistics & Shipping
IT & Telecommunications

Etisalat, Ericsson extend tie-up in new areas

UAE-based telecom group Etisalat and networking leader Ericsson have extended a strategic partnership to extend collaboration in new areas and strengthen their market position as ICT partners of business.

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Lifestyle

IWC, Asia Jewellers showcase Portofino collection in Bahrain

Swiss luxury watch manufacturer IWC Schaffhausen and its partner in Bahrain, Asia Jewellers, are jointly hosting an exhibition of the Portofino Midsize collection in Bahrain’s Moda Mall.

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Motoring

Chrysler selects Parrot for next-gen digital TV solution

Parrot, a leading player in the field of connected automotive infotainment and in digital TV and radio solutions in mobility, said Chrysler has chosen its digital TV solution for head units in the form factor of a dedicated ECU.

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Health & Environment

UAE healthcare quality ‘hinges on staff retention’

Private investment is helping drive the UAE towards its goal of implementing international best-practice in healthcare by 2021, but the sector needs to work harder to attract and retain skilled staff, a report said.

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Media & Promotion

Marka buys 65pc stake in UK online retailer

Marka, the first public joint stock company focused on the UAE’s retail sector, has purchased a 65 per cent stake in the UK-based online retailer Icons Shop for Dh15.3 million ($4.16 million).

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Education, HR & Training

Key Islamic finance training launched in Bahrain

The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, has launched its first executive programme on strategy and leadership for Islamic financial institutions.

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Miscellaneous

International police summit opens in Abu Dhabi

Leading experts from the field of scientific and academic research, police education and training across security and police academies, are taking part in a major conference in Abu Dhabi.

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