Friday 22 May 2015

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GEOPOLITICAL TENSION IN ME
Oil edges down buoyed by lower US crude stock

Oil prices edged down on Friday after rising more than two per cent in the previous session, buoyed by lower US crude inventories and geopolitical tension in the Middle East.

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SAUDI TARGETS SOLAR
Al-Naimi sees eventual end of fossil fuels

Saudi Oil Minister Ali Al-Naimi said on Thursday the kingdom envisaged the fact that fossil fuels could become unnecessary before the middle of the century and was investing in renewable energy for that reason.

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2

ASSAD UNDER PRESSURE
Syria's Palmyra falls to Islamic State

Islamic State seized full control of the historic city of Palmyra in central Syria on Thursday, just days after it captured a provincial capital in neighbouring Iraq, suggesting momentum is building for the ultra-hardline group.

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3

INSIGHT
Small food makers on fast path to US store shelves

Small US food manufacturers once toiled for decades to develop a critical mass of fans. Now, an increasing number of entrepreneurs are going from garage to grocery store in fewer than five years thanks to an erosion of barriers to entry.

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4

ANALYSIS
Mobile technologies driving a trillion-dollar impact

Mobile technologies are creating immense value for consumers, who value them at 11 to 45 per cent of their income – well above what they pay for the service, a report said.

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5

NEWS IN PICTURES
Oman's events hub

Oman Convention & Exhibition Centre (OCEC), the sultanate’s landmark business events hub, has revealed its latest 3D structures and aerial drone images in the lead up to its opening in 2016, at an event in Frankfurt, Germany.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Massive Oman convention centre to open in 2016

Oman Convention & Exhibition Centre (OCEC), the sultanate’s landmark business events hub, has revealed its latest 3D structures and aerial drone images in the lead up to its opening in 2016.

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Retail & Wholesale

Marka launches Cristiano Ronaldo’s footwear collection

Marka, the first public joint stock company focused on retail sector in the UAE, has announced the launch of ‘CR7 Footwear,’ the new exclusive footwear collection from Portugal and Real Madrid top footballer Cristiano Ronaldo.

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Energy, Oil & Gas

Salalah LPG project to begin production in 2019

Salalah LPG Extraction Project, a state-of-the-art facility which will extract propane, butane and condensate associated with the natural gas pipeline from Salalah area, is likely to start production in 2019.

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Finance & Capital Market

Taqa to raise $3.5bn five-year loan

Abu Dhabi National Energy Co (Taqa) is looking to raise a $3.5 billion loan as it seeks to consolidate a number of existing debts into one facility with a lower rate of interest, three sources aware of the matter told Reuters.

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Analysis, Interviews, Opinions

Small food makers on fast path to US store shelves

Small US food manufacturers once toiled for decades to develop a critical mass of fans. Now, an increasing number of entrepreneurs are going from garage to grocery store in fewer than five years thanks to an erosion of barriers to entry.

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Industry, Logistics & Shipping

Emerging market firms to spur growth of supply chains

Emerging-market companies seeking growth further abroad will drive a steep increase in the size and complexity of their supply chains, as firms aim to control costs and cater to rising middle class populations, according to a new report.

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Travel, Tourism & Hospitality
Lifestyle

Kens, Studio E offer hand-painted wallpaper

Kens & Company, a provider of quality finishes and Studio E Hand Painted Wallpaper have partnered bring to the Gulf their collection of authentic Italian polished plaster and artisan metal-leaf as wallpaper.

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Motoring

Crackdown on illegal taxi drivers in Bahrain

Bahrain is cracking down hard on illegal taxi drivers, having arrested as many as 64 Asians, Bahrainis and Gulf nationals who run illegal taxis in March, April and May.

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Education, HR & Training

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