Thursday 17 April 2014

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FURTHER DROPS LIKELY
Iran oil exports fall for first time in five months

Iran's crude oil exports fell for the first time in five months in March, and are slated to drop further in April, moving closer to the levels stipulated by November's temporary nuclear deal that eased some sanctions on Tehran.

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1

$272mn LOSS SEEN
Emirates cuts flights to 41 destinations

Dubai-based Emirates airline is set to reduce its flights to more than 40 destinations and change timings on some of its flights, as part of runway upgrading works at Dubai International from May 1.

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2

INVESTMENT GAINS UP
Mubadala income triples to $1.44 billion

Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, tripled its total comprehensive income in 2013 to Dh5.3 billion ($1.44 billion), compared to Dh 1.6 billion in 2012.

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3

INSIGHT
In green car race, Toyota adds muscle with fuel-cell launch

In 1997, Toyota caught its competitors by surprise with the revolutionary Prius, the first commercially successful gasoline-electric hybrid car. Now, the Japanese firm is trying to do the same with a technology that seems straight out of science fiction.

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4

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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5

IMAGE OF THE DAY
Mystery bombing

Two men stand in front of the wreckage of a building that was destroyed yesterday in Benghazi on April 17. The building, which was used by security forces during the rule of Muammar Gaddafi, was blown up by an unidentified group.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dar Al Arkan Q1 profit rises 4.3pc

Saudi Arabian real estate firm Dar Al Arkan reported a 4.3 percent increase in first-quarter net profit on Thursday, beating analyst forecasts, on the back of higher sales of its developed properties.

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Retail & Wholesale
Energy, Oil & Gas

Iran oil exports fall for first time in five months

Iran's crude oil exports fell for the first time in five months in March, and are slated to drop further in April, moving closer to the levels stipulated by November's temporary nuclear deal that eased some sanctions on Tehran.

More…
Finance & Capital Market

Mubadala income triples to $1.44 billion

Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, tripled its total comprehensive income in 2013 to Dh5.3 billion ($1.44 billion), compared to Dh 1.6 billion in 2012.

More…
Analysis, Interviews, Opinions

In green car race, Toyota adds muscle with fuel-cell launch

In 1997, Toyota caught its competitors by surprise with the revolutionary Prius, the first commercially successful gasoline-electric hybrid car. Now, the Japanese firm is trying to do the same with a technology that seems straight out of science fiction.

More…
Industry, Logistics & Shipping

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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Travel, Tourism & Hospitality

Emirates cuts flights to 41 destinations

Dubai-based Emirates airline is set to reduce its flights to more than 40 destinations and change timings on some of its flights, as part of runway upgrading works at Dubai International from May 1.

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IT & Telecommunications

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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Motoring

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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Health & Environment

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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Education, HR & Training
Miscellaneous

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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