Sunday 1 March 2015

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$600m BUSINESSES EYED
Qatar’s Mannai working on two foreign acquisitions

Qatari investment firm Mannai Corporation is working on two acquisitions as part of a drive to expand the proportion of its revenue from international sources to 80 per cent, its chief executive said.

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1

BROTHERHOOD LEADER GETS LIFE
Egypt court lists Hamas as terrorist group

An Egyptian court listed the Palestinian group Hamas as a terrorist organisation, judicial sources said on Saturday, part of a sustained crackdown on Islamists in the most populous Arab state.

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2

GLOBAL EXPANSION
Qatar's Hassad Food eyes Brazilian sugar, poultry assets

Hassad Food, the agricultural arm of Qatar's sovereign wealth fund, said it was looking at possible purchases of Brazilian sugar and poultry assets as structural problems in those industries in the South American country created opportunities.

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3

SPECIAL REPORT
iPhone 5s continues to dominate UAE market

The iPhone 5s was the most commonly used smartphone in the UAE during the fourth quarter of 2014, comprising 4 per cent of the total handsets while marking a 9 per cent growth over the previous quarter, according to latest figures.

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4

SPECIAL REPORT
Watch out for nasty global flu surprises, WHO warns

The world remains highly vulnerable to a possible severe flu pandemic and governments should increase surveillance, vigilance and preparedness, the World Health Organization (WHO) has warned.

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5

IMAGE OF THE DAY
Soul reflection

Actors, playing the role of Japanese soldiers, perform as a traffic police looks on during a re-enactment of the Independence Movement Day in Seoul on March 1.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

UrbaCon completes Qatar island resort work

Qatar-based UrbaCon Trading & Contracting said it has completed the construction of its new luxurious Banana island resort just off the coast of capital Doha.

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Retail & Wholesale

Visa inks mobile payment services deal

Visa Inc said it has partnered with several leading financial institutions around the world to make its "wave-and-pay with mobile phones" scheme a reality for consumers globally.

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Energy, Oil & Gas

Opec oil output plunges 350,000 bpd in Feb

The crude oil output from Organisation of the Petroleum Exporting Countries (Opec) has fallen by 350,000 bpd in February, below its target of 30 million bpd, according to a Reuters survey.

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Finance & Capital Market

SMEs 'playing major role in global economy'

Small and medium-sized enterprises (SMEs) are the cornerstone of any economy, given their huge contribution to the gross domestic product (GDP) as well as employment generation, said a senior UAE minister.

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Analysis, Interviews, Opinions

Watch out for nasty global flu surprises, WHO warns

The world remains highly vulnerable to a possible severe flu pandemic and governments should increase surveillance, vigilance and preparedness, the World Health Organization (WHO) has warned.

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Industry, Logistics & Shipping

Mubadala unit inks $120m aerostructure deal

Strata Manufacturing, a wholly-owned unit of the UAE-based Mubadala Development Company, has signed a $120-million outsourcing deal with GSE Industria Aeronautica in Italy.

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Travel, Tourism & Hospitality

US aviation giants split on GCC carrier subsidy row

A push by three US airlines to curb competition from GCC carriers has exposed divisions over free trade with other powerful players Boeing and FedEx, potentially complicating the campaign for Obama administration support.

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IT & Telecommunications

Cybersecurity remains a top concern in Mideast

Cybercrime has been identified as the second most common form of economic crime in the Middle East, with the region’s cybersecurity market set to grow 84 per cent to hit $9.56 billion in 2019, according to a recent PwC survey.

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Lifestyle

Two Porsches to make global debut

German sports car manufacturer Porsche will celebrate the world premiere of two extreme sports cars at the 2015 Geneva International Motor Show, which will be held in Geneva, Switzerland, from March 3 to 15.

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Motoring

Volkswagen net profit surges 20pc in 2014

German carmaker Volkswagen said the net profit rose 20 per cent last year to €10.8 billion ($12.1 billion), but offered a cautious outlook for this year.

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Health & Environment

Bahrain to cut medicine prices by 50pc

Bahrain will slash prices of hundreds of medicines used for treatment of eye, ear, nose and gynaecology by 50 per cent starting from tomorrow (March 1) in line with a GCC decision to unify cost of drugs, said a report.

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Education, HR & Training

Online education tools use ‘results in better outcomes’

The opportunities that online education tools provide in terms of student assessment, engagement and education outcomes was discussed at the recently concluded 2015 Global Education Forum in Dubai, UAE.

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Miscellaneous

Qatar's Hassad Food eyes Brazilian sugar, poultry assets

Hassad Food, the agricultural arm of Qatar's sovereign wealth fund, said it was looking at possible purchases of Brazilian sugar and poultry assets as structural problems in those industries in the South American country created opportunities.

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