Saturday 1 November 2014

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SAUDI PRODUCTION LOWER
Opec oil output falls by 120,000 bpd in October

Opec's oil supply in October fell by 120,000 barrels per day (bpd) due to lower production in Angola and Nigeria, a Reuters survey found, although recovery in Libya and growth in Iraq kept output close to September's two-year high.

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1

REVENUES AT RECORD HIGH
Qatar budget spending falls 6.6pc in fiscal Q1

Qatar's government spending fell 6.6 per cent from a year ago to QR38.8 billion ($10.7 billion) in the first quarter of the current fiscal year, while revenue soared to a record high, central bank data showed.

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2

NO SIGN OF OPEC CUTTING OUTPUT
Oil falls for fourth month, longest slump since 2008

Oil's losing streak continued for the fourth consecutive month on Friday, with prices tumbling as another round of monetary stimulus from Japan pumped up the US dollar and pounded a crude market already suffering from robust supply.

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3

SPOTLIGHT
Space tourism set back by crash, but industry hopeful

The wait for paying passengers to see Earth from the vantage point of space looked a lot longer on Friday, following the fatal crash of Virgin Galactic's first spaceship, but aspiring space tourists did not appear to be lining up for refunds.

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4

FOCUS
What will schools look like in 2030?

Education systems will undergo major changes, with schools becoming interactive environments where innovations in technology and curricula will transform the role of teachers and reshape the landscape of learning, according to a survey.

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5

IMAGE OF THE DAY
Trick or treat, Mr President?

US President Barack Obama greets children on the South Lawn for a Halloween trick-or-treating celebration in Washington October 31. Invitees included local children and the children of military families, according to the White House.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Sedco Capital eyes $300m Europe real estate deal

Jeddah-based Islamic investment firm Sedco Capital plans to arrange a club investment of up to $300 million in European real estate, and will soon distribute its Luxembourg fund range via two European investment firms, its chief said.

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Retail & Wholesale

Barwa plans 650-retail shop mall in Doha

Barwa Real Estate Group is set to build a QR500 million ($137.1 million) mall, Alaateda, featuring as many as 650 retails shops, close to the under-construction Msheireb Downtown Doha project, according to a report.

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Energy, Oil & Gas
Finance & Capital Market

Qatar budget spending falls 6.6pc in fiscal Q1

Qatar's government spending fell 6.6 per cent from a year ago to QR38.8 billion ($10.7 billion) in the first quarter of the current fiscal year, while revenue soared to a record high, central bank data showed.

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Analysis, Interviews, Opinions

Funds positive on Gulf equity markets despite oil price slide

Funds are positive on many Gulf stock markets despite the recent slide in oil prices, after sharp pull-backs in the markets improved valuations, the latest monthly Reuters survey of regional asset managers found.

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Industry, Logistics & Shipping

Globe Express Jan-Sept revenue up 8pc in UAE

Globe Express Services (GES), a major provider of logistics services, has recorded an eight per cent growth in revenue for its UAE offices between January and September, compared to the same period last year.

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Travel, Tourism & Hospitality

Malaysia Airlines sees first lawsuit on missing flight MH370

Two children of a passenger on Malaysian Airlines Flight MH370 have sued the company and the Malaysian government for damages, the first lawsuit to be filed over the aircraft which disappeared in March.

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IT & Telecommunications

Ooredoo Oman 9-month net hits $76m

Omani Qatari Telecommunications Company (Ooredoo Oman) has posted a net profit of RO29.5 million ($76.4 million) for the first nine months of the year as against RO23.1 million ($59.8 million) in the same period of 2013.

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Lifestyle

Microsoft offers wearable fitness device for $199

Microsoft Corp launched a device called "Microsoft Band" that will allow users to monitor their fitness and exercise regime, marking the world's largest software company's debut into the wearable technology market.

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Motoring

New Porsche Cayenne models arrive in Bahrain

Behbehani Brothers, the authorised distributors for Porsche in Bahrain, has welcomed the arrival of the new Cayenne in three different models, at the Porsche Centre Bahrain.

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Health & Environment

Stratasys, Worrell to accelerate medical device development

Stratasys, a leading global provider of 3D printing, has collaborated with design and product development company Worrell to accelerate medical device development through the use of 3D printed injection moulding.

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Media & Promotion
Education, HR & Training

Startup scheme in Bahrain to help graduates in ICT

Preparations are underway for a two-month entrepreneur programme in Bahrain that aims to provide a platform for university graduates to turn their projects into real business.

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Miscellaneous

April/May 'best time for Qatar World cup'

Playing the 2022 World Cup in April and May would be the "best solution" for the tournament and would have the least impact on the football calendar, according to the association representing European clubs (ECA).

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