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STAKE IN ADCO
Total wins share of new Abu Dhabi concession
Total has signed an agreement to take a 10 per cent stake in a new 40-year onshore concession in Abu Dhabi in the United Arab Emirates (UAE), the French oil group said on Thursday.
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FOCUS ON FOUR SECTORS
New plan aims to boost investment in Saudi
A new plan aims to transform Saudi Arabia’s investment landscape by further diversifying the economy, building its knowledge base, creating job opportunities and maintaining the ease of doing business in the kingdom.
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Q4 PROFIT DOWN 36pc
Samsung posts lowest annual earnings in three years
Samsung Electronics on Thursday reported a 36 per cent drop in its 2014 profits compared to a year earlier, marking the South Korean firm's first annual earnings decline in three years.
3
ANALYSIS
Funds turning positive on Saudi as oil stabilises
Middle East funds are turning positive on Saudi Arabia's stock market because of signs that oil prices are starting to stabilise, the latest Reuters survey of asset managers shows.
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SPECIAL REPORT
Build better roads to bolster food supplies: study
Billion-dollar investments in basic transport and electricity in developing nations are among the best ways to curb hunger by 2030 since a quarter of all food is now wasted after harvest, according to a report issued on Thursday.
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IMAGE OF THE DAY
Moment of triumph
Maria Sharapova of Russia celebrates after defeating compatriot Ekaterina Makarova 6-3, 6-2 in their women's singles semi-final match at the Australian Open 2015 tennis tournament in Melbourne on January 29.
Top Trade News
 | Industry Sectors |
The Wave, Muscat awards contract to build 69 villas
The Wave, Muscat, a high-profile oceanfront mixed-use destination, has awarded a RO16.2 million ($42 million) contract to leading developer Al Turki Enterprises for the construction of 99 villas, a report said.
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Samsung posts lowest annual earnings in three years
Samsung Electronics on Thursday reported a 36 per cent drop in its 2014 profits compared to a year earlier, marking the South Korean firm's first annual earnings decline in three years.
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Iran’s South Pars field readies fourth platform
The fourth platform (D) of South Pars Gas Field’s Phase 12 in Bushehr province is now ready for installation with completion of construction work, a report said.
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New plan aims to boost investment in Saudi
A new plan aims to transform Saudi Arabia’s investment landscape by further diversifying the economy, building its knowledge base, creating job opportunities and maintaining the ease of doing business in the kingdom.
More…
Funds turning positive on Saudi as oil stabilises
Middle East funds are turning positive on Saudi Arabia's stock market because of signs that oil prices are starting to stabilise, the latest Reuters survey of asset managers shows.
More…
Shell to build $11bn petchem plant in Iraq
Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser Al-Esawi said on Wednesday.
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Yas Island to participate in Indian travel trade show
Yas Island, Abu Dhabi’s premier business, leisure and entertainment destination, is set to participate at the South Asian Travel and Tourism Exhibition (SATTE), starting today (January 29) till January 31 in New Delhi, India.
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Ooredoo Oman Q4 profit falls 17pc to $21m
Ooredoo Oman reported a net profit of RO8.3 million ($21.6 million) in the fourth quarter of 2014, down from RO10 million ($25.8 million) in the year-earlier period, marking a 17 per cent fall in fourth-quarter profit on Thursday.
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Dubai hosts ‘world’s most expensive’ fashion show
Dubai Shopping Festival (DSF) in partnership with Dhamani, recently hosted the “Diamond Fashion Show”, dubbed the most expensive fashion show in the world featuring a display of diamond jewellery worth over $100 million.
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Maserati’s Mena sales surge 155pc in 2014
Italian luxury car manufacturer Maserati has reported a 155 per cent increase in 2014 sales in the Mena region compared to the same period in the previous year.
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Philips introduces digital pathology solution in Middle East
Philips, a leading multinational technology company, has announced that the Philips Digital Pathology Solution is available for diagnostic use in the Middle East.
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Social media entrepreneurs role in focus
A forum that opened in Bahrain yesterday (January 28) hopes to shape a new generation of social media entrepreneurs.
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NIIT to launch upskilling program at Bahrain expo
Bahrain’s National Institute of Industrial training (NIIT) will promote their Fanniya Apprenticeship Program at the upcoming Gulf Industry Fair 2015, a major industrial B2B exhibition in Northern Gulf.
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Joint Bahrain-Saudi bid to host Olympics rejected
Plans for a joint Bahrain-Saudi Arabia bid to host a future Olympic Games have been rejected outright by the International Olympic Committee (IOC).
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