Sunday 21 September 2014

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MIXED-USE COMPLEXES
Nakheel unveils two major projects in Dubai

Dubai-based real estate developer Nakheel kicked off Cityscape 2014 with the launch of two new projects - Jumeirah Heights Fronds and The Palm Gateway- in Dubai, UAE.

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1

EUROPE SLOWDOWN 'A HURDLE'
G20 on track to add $2trn to global economy

The Group of 20 leading nations say they are tantalisingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs, but Europe's extended stagnation remains a major stumbling block.

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2

FUNDS TO REPAY DEBT
DIFC plans $700m sukuk issue by end-October

DIFC Investments, the investment arm of the company running Dubai's financial free zone, is seeking to raise $700 million by issuing a sukuk to help repay existing debt and fund real estate development, its top executive said on Sunday.

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3

ANALYSIS
How UAE’s private sector can improve Emiratisation

Building talent pipelines for the future and competing with government organisations on pay and benefits are among the key things the UAE’s private sector firms need to do to achieve Emiratisation goals, said an expert.

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4

MONEY MATTERS
Dollar's rally bad news for oil, multinationals

The greenback’s longest rally since the dollar index was created in 1973 could pose significant headwinds to key market sectors such as oil and the commodities besides the multinationals that do much of their business overseas.

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5

IMAGE OF THE DAY
Catch of the day

Apple's iPhone 6 are displayed by Customs and Excise Department and the police in Hong Kong on September 21. Police on Saturday seized a speedboat carrying 138 iPhone 6, along with hard disks and RAMs, from Hong Kong to mainland China.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai developer to showcase five-star apartments

UAE luxury developer Seven Tides is set to showcase about 20 of the one and two-bedroom apartments at its luxury Anantara Residences The Palm Jumeirah community during the Cityscape exhibition in Dubai, UAE.

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Retail & Wholesale

Prada to open fewer stores as profit falls

Italian luxury goods group Prada said it will be opening fewer stores than previously planned this year after reporting a 21 per cent fall in its first-half net profit.

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Energy, Oil & Gas

Spain's Abengoa wins $26m Kuwait power deal

Kuwait's Ministry of Electricity and Water has awarded a €20.5-million ($26.2 million) contract to Spanish group Abengoa for the development of a new power transmission project in the country.

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Finance & Capital Market

DIFC plans $700m sukuk issue by end-October

DIFC Investments, the investment arm of the company running Dubai's financial free zone, is seeking to raise $700 million by issuing a sukuk to help repay existing debt and fund real estate development, its top executive said on Sunday.

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Analysis, Interviews, Opinions

Dollar's rally bad news for oil, multinationals

The greenback’s longest rally since the dollar index was created in 1973 could pose significant headwinds to key market sectors such as oil and the commodities besides the multinationals that do much of their business overseas.

More…
Industry, Logistics & Shipping

EGA to host global aluminium event in Abu Dhabi

The UAE-based aluminium major Emirates Global Aluminium (EGA) will host the Metal Bulletin’s 29th International Aluminium Conference which opens in Abu Dhabi tomorrow (September 22).

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Travel, Tourism & Hospitality

Damac, Paramount launch 1,250-key luxury hotel in Dubai

Dubai-based Damac Properties, one of the largest luxury property development companies in the Middle East, has announced its fourth project in Dubai, UAE, in collaboration with the luxury hotel operator, Paramount Hotels & Resorts.

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IT & Telecommunications

Egypt’s Fawry launches new payment platform

Fawry, Egypt’s leading nationwide Electronic Bill Presentment and Payment platform, has announced the launch of a new payment service that will enable customers to directly pay their traffic fines via the Fawry network of payment channels.

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Government & Laws

Egypt to host Palestine-Israel Gaza talks in days

Egypt will host talks between rival Palestinian factions within days, followed by indirect negotiations between Palestinians and Israelis on the ceasefire in Gaza, the state news agency MENA said on Saturday.

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Health & Environment
Media & Promotion

New media strategy helping Bahrain’s image

A long-term strategic plan to upgrade Bahrain's media system has helped change the kingdom's image by 40 per cent over the past year, and 143 per cent at the political level during June and July, said a top government official.

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Education, HR & Training

NIIT Bahrain launches training for women

The National Institute for Industrial Training (NIIT) is preparing to launch a first-of-a-kind training programme in Bahrain and the region to provide technical and industrial training for women.

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Miscellaneous

Blast near Egyptian ministry kills two policemen

A bomb blast near Egypt's foreign ministry killed two police officers and wounded several others on Sunday, the Interior Ministry said, in the most serious attack in Cairo in almost three months.

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