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AL BAKER SLAMS US AIRLINES
Qatar Airways chief eyeing more stakes in BA, Iberia
Qatar Airways would like to raise its stake in the owner of British Airways and Iberia at some point and may invest in other well-run airlines, its chief executive said on Wednesday.
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LARGE DIAMETER PIPE PROJECT
Senaat, Japanese steel giants form UAE JV
Senaat, a leading industrial holding company in the UAE, has entered into a joint venture with a consortium of two leading Japanese companies in the steel sector to manufacture and sell large diameter high quality sour grade steel pipes.
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‘ONE-STOP SHOP’ TO LURE FDI
Egypt approves long-awaited investment law
Egypt's cabinet approved a long-awaited draft law on investment on Wednesday, the prime minister said, aimed at making deals less vulnerable to legal disputes or changes in government, and reducing stifling bureaucracy.
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SPECIAL REPORT
One billion new unique mobile subscribers by 2020
An additional one billion people will become mobile subscribers over the next five years, according to a major new report published today (March 4) at the ongoing Mobile World Congress in Barcelona, Spain.
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INTERVIEW
Four Seasons Bahrain - a destination within
The newly opened Four Seasons Hotel Bahrain Bay, a destination in itself with world class facilities and outlets, hopes to bring a qualitative leap in the kingdom’s hospitality sector.
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IMAGE OF THE DAY
Message from Mongolia
Participants from the Mongolia stand check their phones, at the International Tourism Trade Fair (ITB) in Berlin on March 4. The fair has over 10,000 exhibitors from around 190 countries.
Top Trade News
 | Industry Sectors |
South Korea to build nuclear power plants in Saudi Arabia
South Korea has signed a memorandum of understanding (MoU) with Saudi Arabia to help boost its renewable energy capacity by building nuclear reactors worth SR7.5 billion ($2 billion) in the kingdom.
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Apple edges out Samsung in Q4 smartphone sales
Apple Inc sold the most number of smartphones globally in the fourth quarter, overtaking Samsung Electronics Co Ltd for the first time since 2011, according to research firm Gartner.
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Oman's PDO ups crude output above 2015 plans
State-controlled oil producer Petroleum Development Oman (PDO) raised its crude output in the first two months of the year to more than the planned annual average of 570,000 barrels per day (bpd), a top official said.
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Alkhabeer to expand capital markets business
Alkhabeer Capital, a Saudi Arabia-based Islamic investment and advisory firm, plans to expand its discretionary management business and apply for a listing on the Saudi stock exchange later this year, its chief executive told Reuters.
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Oil price slump ‘unlikely to spur sovereign sukuk’
Although lower oil prices may lead to fiscal deficits in some GCC countries, most governments' net asset positions will likely remain strong enough to enable their financing, limiting the upside for sukuk issuance in 2015, a report said.
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Saudi shipper Bahri plans $1bn sukuk
National Shipping Company of Saudi Arabia (Bahri) plans to sell 10-year sukuk worth SR3.9 billion ($1.04 billion) by the end of March, a company executive said.
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Egypt to showcase $5.3 billion tourism projects at ATM
Exhibitors from Egypt will be participating at this year’s Arabian Travel Market in Dubai, UAE, showcasing the country's resurgent tourism sector with new tourism projects worth $5.3 billion either developed or in the pipeline.
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Mobily insists can meet all debt commitments
Saudi Arabian telecommunications firm Mobily insisted on Wednesday it could meet all its debts despite announcing last week that it had suffered a $243 million loss in 2014 and expected to breach covenants on long-term loans.
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McLaren limits Super Series model to 500 units
The production of McLaren 675LT, the lightest, most powerful and fastest as well as the most exclusive model in the McLaren Super Series, will be limited to just 500 examples worldwide, the British manufacturer said.
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Nissan’s Patrol Pick-up upgraded
Nissan Patrol Pick-up, the four-wheel drive vehicle manufactured by Nissan, has been put through a host of rigorous testing procedures in Saudi Arabia and UAE, resulting in various model improvements to the vehicle.
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February record as third hottest in Bahrain
Last month has gone on record as the third hottest February in Bahrain since 1902.
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Facebook chairman ‘richest under 40’
Mark Zuckerberg, co-founder, chairman and CEO of Facebook, has topped the Wealth-X list of the world’s top 10 richest individuals under 40, according to a study by Wealth-X, a leading authority on wealth intelligence.
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Online etiquette focus of Bahrain youth forum
Online etiquette and the correct way to behave on social media will be the focus of a major youth conference opening in Bahrain next week.
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Bahrain set to probe 'free visa' labour
A probe into Bahrain's increasing dependence on so-called ‘free visa’ workers is set to be launched by parliament.
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