Monday 31 August 2015

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CHINA SLOWDOWN FEARS PERSIST
Asian stocks set for worst monthly drop in 3 years

Asian shares fell on Monday and looked set for their worst monthly performance in three years after top Federal Reserve officials kept the door open for an interest rate hike in September and Chinese stock markets took a fresh tumble.

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1

'ENOUGH FOR DECADES'
Mega gas discovery off Egyptian coast by Eni

Italian energy group Eni said on Sunday it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast, predicting that the find could help meet Egypt's gas needs for decades to come.

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2

'RISING POPULATION SPURS DEMAND'
Dubai Properties revenue to rise this year

Dubai Properties Group (DPG), a real estate developer owned by the emirate's ruler, will increase its revenue in 2015 and a rising population will help support residential prices, the company's chief executive said on Sunday.

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3

ANALYSIS
ME funds positive on stocks as valuations improve

Middle East fund managers have turned more positive towards equities in the region after a plunge in markets reduced valuations and oil prices rebounded, a report said.

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4

SPOTLIGHT
Mena professionals ‘have a positive outlook on life’

Around 93.8 per cent of professionals in the Mena region have a positive outlook on life, with 56 per cent being “very positive” and 37.8 per cent being “somewhat positive”, a report said.

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5

NEWS IN PICTURES
New Lexus arrives

Cultivating a feeling of sheer quality with every touch, Lexus Bahrain recently unveiled the new ES 2016 at its showroom. The ES’ relaxing comfort and user-focused advanced technologies make every drive a joy, the company said.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai Properties revenue to rise this year

Dubai Properties Group (DPG), a real estate developer owned by the emirate's ruler, will increase its revenue in 2015 and a rising population will help support residential prices, the company's chief executive said on Sunday.

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Retail & Wholesale

Othaim Malls raises $267m in debut sukuk

Saudi Arabia's Al Othaim Real Estate and Investment Co, owner of five shopping malls in the kingdom, has raised SR1 billion ($267 million) through a debut sukuk issue, two banking sources said on Sunday.

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Energy, Oil & Gas

Mega gas discovery off Egyptian coast by Eni

Italian energy group Eni said on Sunday it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast, predicting that the find could help meet Egypt's gas needs for decades to come.

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Finance & Capital Market

Saudi credit default swaps fall on oil price recovery

The cost of insuring against a Saudi Arabian sovereign debt default has dropped sharply in the past few days because of the rebound of global oil prices, market data showed on Sunday.

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Analysis, Interviews, Opinions

Mena professionals ‘have a positive outlook on life’

Around 93.8 per cent of professionals in the Mena region have a positive outlook on life, with 56 per cent being “very positive” and 37.8 per cent being “somewhat positive”, a report said.

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Industry, Logistics & Shipping

Mobily Ventures invests in shipping and logistics start-up

Mobily Ventures, the venture capital arm of Etihad Etisalat (Mobily), has announced that it is investing in Fetchr, a shipping and logistics start-up using cutting edge technology to overcome shipping challenges in the Middle East.

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Travel, Tourism & Hospitality

Amman airport sees passenger numbers top 29pc

Queen Alia International Airport (QAIA) in Amman, Jordan, performed significantly better in July this year, welcoming 749,314 passengers compared to 578,026 passengers in the same month last year.

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IT & Telecommunications

Many firms 'not prepared to deal with threats'

Many organisations in the Europe, Middle East and Africa (Emea) region are not as agile as they should be and are poorly prepared to deal with competitive threats, according to a study by Oracle.

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Media & Promotion

Instagram adds new photo sizes to attract ads

Instagram has added new layout options in addition to its signature square for pictures and videos in a bid to attract more advertisers and to stop users defecting to more flexible services such as Snapchat.

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Education, HR & Training

Gems Education completes $816m loan with improved terms

Gems Education, a Dubai-based schools operator, has completed a Dh3 billion ($816.8 million) loan which refinances an existing facility with improved terms, its chief financial officer said on Sunday.

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Miscellaneous

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