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125 PROPERTIES TO OPEN THIS YEAR
573 hotels in pipeline in Mideast-Africa
There are 573 hotels in the development pipeline in the Middle East/Africa region, according to a STR Global Construction Pipeline Report.
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RELATIVES ANGRY
FERRY HORROR: Hundreds still missing
Rescuers were hammering on the upturned hull of a capsized South Korea ferry on Thursday hoping for a response from hundreds of people, mostly teenage schoolchildren, believed trapped inside the vessel.
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CHALLENGING TIMES
Open up to Asia, urges Bahrain King
Bahrain has to gear up to face global economic challenges and open up on promising Asian investment zones, His Majesty King Hamad said.
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SPECIAL REPORT
Experiential marketing ‘crucial for luxury brands’
More than 90 per cent of luxury executives believe that experiential marketing is crucial to their brand’s ability to connect with ultra wealthy clients, not digital marketing, which they see as a vehicle for brand awareness, a report said.
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FOCUS
Zain Saudi to break even within five years
Zain Saudi, Saudi Arabia's third biggest telecoms operator, will buy fixed line capacity from its competitors to expand its service offering in the kingdom and aims to break even in less than five years, it said on Wednesday.
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IMAGE OF THE DAY
Agony over the missing
A family member of a missing passenger who was on the South Korean ferry "Sewol" which sank in the sea off Jindo cries as she waits for a rescue team's arrival at a port where family members of missing passengers gathered in Jindo.
Top Trade News
 | Industry Sectors |
UNB to finance $238m Abu Dhabi airport works
UAE-based Union National Bank is set to finance the PCE Joint Venture for the mechanical works for Abu Dhabi International Airport – Midfield Terminal Building.
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Dubai’s fragrance, fashion trade hits $56bn
The value of fragrance, beauty and fashion related trade in Dubai reached Dh206 billion ($56 billion) in 2013, a report said.
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Kuwait to invest $35bn in oil projects
Kuwait National Petroleum Company (KNPC) will invest $35 billion in expansions and new projects in the coming five years, said the company's chief executive officer Mohammad Ghazi Al-Mutairi.
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Bahrain seeks to lift trade with Russia
Bahrain is seeking to boost trade ties with Russia, particularly in the industrial, oil and gas sector, a report said.
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Zain Saudi to break even within five years
Zain Saudi, Saudi Arabia's third biggest telecoms operator, will buy fixed line capacity from its competitors to expand its service offering in the kingdom and aims to break even in less than five years, it said on Wednesday.
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Bricks for paper: Dubai traders duped
Some traders in Dubai have received containers full of bricks and stones from China instead of what they had originally ordered, a Gulf News report said.
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MGM Resorts, Hakkasan form JV
MGM Resorts International, a leading global hospitality company, and London-based Hakkasan Group have formed a joint venture hotel management company.
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Mobily signs telecom deal with Vasco
Saudi Arabia-based Etihad Etisalat (Mobily) has signed a deal with Vasco, to provide connectivity to visitors to the kingdom from across 33 countries.
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Saudi spy chief Prince Bandar replaced
Saudi Arabian intelligence chief Prince Bandar bin Sultan, the architect of Riyadh's attempts to bring down Syrian President Bashar al-Assad, has been removed from his post, state media reported on Tuesday.
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Jaguar Land Rover logs 36pc growth in Mena
Jaguar Land Rover, a leading manufacturer of premium luxury vehicles, has posted a 36 per cent year-on-year (YOY) sales increase in the Mena region for the fiscal year April 2013 to March 2014.
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1,000-bed maternity hospital for Jeddah
A new 1,000-bed maternity hospital will be built attached to the King Abdullah Medical Complex in Jeddah, Saudi Health Minister Dr Abdullah Al-Rabeeah has announced.
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Haifaa Hussain wins lead role in Bahraini film
Haifaa Hussain, a popular Bahraini actress, will play the leading female role in the Bahraini feature film, The Sleeping Tree.
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Bahraini students to apply for Japan study
Bahraini students can apply for undergraduate and graduate scholarships in Japan.
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Abraaj buys into Moroccan chocolate firm
The Abraaj Group, a leading investor operating in global growth markets, has announced the acquisition through one of its funds of a stake in Kool Food, a leading Moroccan chocolate confectionery manufacturer based in Casablanca.
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