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100 ORDERS LIKELY
Airbus unveils revamp of A330 passenger jet
European planemaker Airbus kicked off the Farnborough Airshow on Monday with confirmation it would sell revamped versions of its A330 wide-body jet powered by Rolls-Royce Trent 7000 engines and offering 14 percent fuel savings.
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PRIVATE HEALTHCARE
Abraaj acquires majority stake in Tunisian hospital
The Abraaj Group, a leading investor operating in global growth markets, has acquired a majority stake in Polyclinique Taoufik, a leading private hospital in Tunisia, through its funds.
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7 KILLED; FLIGHTS HALTED
Fighting continues near Tripoli airport
Heavy fighting broke out between rival militias vying for control of Libya's main airport on Sunday, killing at least seven people and forcing a halt of all flights in the worst fighting in the capital for six months.
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ANALYSIS
As some assets take a hit, investors fear worse is to come
World financial markets became reacquainted with fear last week, and even if it was short-lived, the ructions in some riskier assets looked to some like a precursor to a much rougher ride down the road.
4
SPOTLIGHT
Mideast HNW business owners focus on growth
Growing their business remains the primary and dominant goal for High Net Worth (HNW) business owners in the Middle East, according to a new study.
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IMAGE OF THE DAY
Gaza's child
Four-year-old Palestinian girl Shayma Al-Masri, who was wounded in an Israeli air strike that killed her mother and two of her siblings, lies on a bed next to her doll as she receives treatment at a hospital in Gaza City.
Top Trade News
 | Industry Sectors |
Drake & Scull gets nod for investor plan
Dubai construction firm Drake & Scull said on Monday that its shareholders had approved issuing a convertible bond worth 55 million dirhams ($15 million) to allow a strategic investor to buy into the company.
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Visa, Borderfree deal brings top US brands to Mena
Visa, a leading retail electronic payments network, has partnered with Borderfree, a leader in cross-border e-commerce, to offer customers in the UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Jordan special promotions from US retailers.
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Oman Gas plans network expansion drive
Oman Gas Company (OGC) has studied a range of important initiatives to expand its countrywide network and contribute to the maximisation of the value of the Sultanate’s gas resources, said a report.
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DGCX crosses 5m contracts in H1
Dubai Gold and Commodities Exchange (DGCX) has registered more than 5.75 million contracts in the first half of the year, with a value of more than $172 billion.
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As some assets take a hit, investors fear worse is to come
World financial markets became reacquainted with fear last week, and even if it was short-lived, the ructions in some riskier assets looked to some like a precursor to a much rougher ride down the road.
More…
3 firms to set up industrial units at KAEC
King Abdullah Economic City has signed contracts with new three manufacturing companies that are investing in the city's Industrial Valley to take advantage of the opportunities offered by the booming Saudi market.
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Etihad to fly San Francisco from Nov 18
Etihad Airways, the national airline of the UAE, will expand its US network with the launch of a daily service to San Francisco on November 18.
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Mobily doubles data volume for new subscribers
Saudi Arabia-based telecom operator Mobily has doubled the volume of data to become 20GB for the new subscribers in Connect 4G 10GB package, on the occasion of the holy month of Ramadan.
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Bahrain govt staff to face new ability assessment plan
Key public sector staff in Bahrain are to face a tough new assessment of their abilities, with the launch of a performance-based appraisal.
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New coasting system to save fuel on Mideast roads
A breakthrough in green automotive engineering allowing motorists to cruise for a third of every journey without using fuel, will soon become as common in cars on Middle East roads, said an industry expert.
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Stirling Group acquires Altor Risk
Dubai-based Stirling Group, a leader in health, safety, security and environment (HSSE) services, has acquired Altor Risk Group.
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Man United wins record $1.3 billion Adidas deal
Manchester United have agreed a record 750 million pounds ($1.3 billion) deal with Adidas AG for the German sportswear company to supply shirts and kit to the former English soccer champions.
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Sedco’s Riyali Program to train 30,000 students
Sedco Holding Group’s Riyali Financial Literacy Program has recently signed partnership agreements to provide training workshops for university students, as well as elementary and secondary school students.
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Syria struggles to seal deal to sell wheat to Iraq
Private Iraqi grain traders have not been able get trucks across the Syrian border to complete a deal, first agreed in June, to buy 200,000 tonnes of wheat from Syria's state grain body due to conflict raging in both countries.
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