Thursday 27 November 2014

0

MASSIVE PRIVATE INVESTMENTS SEEN
Qatar infrastructure spend to hit $200bn in 10 years

The infrastructure investments in Qatar will surge to over $200 billion by the next decade as additional investments start pouring in from the private sector to complement the government's development drive, said an expert.

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1

NEGOTIATIONS MOVING SLOWLY
Arabtec board changes hit $40bn Egypt housing project

Negotiations to implement a $40 billion scheme for one million new homes in Egypt have been slowed by board changes at the Dubai-based contractor Arabtec Holding, Egypt's housing minister said on Thursday.

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2

SAUDI CLAIMS 3rd PLACE
Qatar, UAE top global ranking for paying taxes

Qatar and UAE share an equal first place in a global ranking for the total tax rate, the number of payments and the time taken to comply, a report said.

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3

SPECIAL REPORT
Fat to blame for half a million cancers a year: WHO

Some half a million cases of cancer a year are due to people being overweight or obese, the World Health Organization's cancer research agency said on Wednesday.

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4

ANALYSIS
Opec – to cut or not to cut, that is the question

Will Opec go for a quick fix and worry about the future later or will it pass the challenge to US producers by allowing the price to remain low? These are the questions that the market will be looking for answers to this Thursday.

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5

IMAGE OF THE DAY
Miss Egypt snaps a selfie

Competitors pose as Miss Egypt Amina Ashraf takes a group selfie at the Miss World competition site in London on November 26. Contestants from 126 countries are competing in the 2014 Miss World competition.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Saudi Arabia spending $30bn on ports infrastructure

Saudi Arabia is experiencing exponential growth in its ports and shipping sectors with infrastructure projects planned and currently in progress totalling more than $30 billion.

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Retail & Wholesale

Souq.com unveils ‘White Friday’ deals

Souq.com, a leading online retailer in the Middle East, has released a sneak peak of deals for ‘Black Friday’, now coined ‘White Friday’ by the retailers.

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Analysis, Interviews, Opinions
Industry, Logistics & Shipping

Jafza’s steel firms record 20pc growth

The steel companies in the Jebel Ali Free Zone (Jafza) has recorded a 20 per cent growth last year, more than the rate of the industry growth in the UAE, according to a report.

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IT & Telecommunications

Du, Microsoft in deal to provide Office 365 to SMBs

UAE-based telecommunication operator du and Microsoft have signed a new partnership to provide small and medium-sized business in the UAE with the new Office 365 offering.

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Lifestyle

Bentley unveils the new Grand Convertible

Bentley, a leading British luxury automaker, recently unveiled the Bentley Grand Convertible, the most sophisticated open-top car created by Bentley, at a Los Angeles Auto Show, US.

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Motoring

Al-Futtaim-led raids seize $9m fake auto parts

Al-Futtaim Motors, in partnership with several law entities of the UAE, conducted over 97 raids in the first nine months of this year, resulting in the confiscation of over Dh34.2 million ($9.3 million) worth of counterfeit car parts.

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Health & Environment

First gene therapy drug sets record $1.4m price

The Western world's first gene therapy drug is set to go on sale in Germany with a 1.1 million euro ($1.4 million) price tag, a new record for a medicine to treat a rare disease.

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Media & Promotion

Workz completes $1m upgrade of Dubai facility

Workz, a secure printing and supply chain services provider, has completed its $1 million upgrade of its Dubai scratch card printing facility, allowing it to increase running speeds by 30 per cent.

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Education, HR & Training

Saudi shows the way home to runaway expats

Hundreds of expatriates classified as runaways in Saudi Arabia may now avoid jail and go back to their countries, benefiting from a recent concession announced by the government, a report said.

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