Saturday 13 February 2016

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28 AIRCRAFT
Kuwait to sign $9bn Eurofighter deal with Italy

Kuwait will sign a deal next week to buy Eurofighter jets, Kuwait's state news agency KUNA said on Thursday, citing the defence minister.

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1

TRADITIONAL ASSETS RUSH
Asian shares slip as bank fears add to global gloom

Asian shares slipped as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets.

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2

TO BOOST GENERATING CAPACITY
Saudi ACWA Power plans to raise $8bn debt

Saudi Arabia's ACWA Power plans to raise $8 billion of debt in the first half of this year to finance projects that will help to boost its generating capacity by a third by the end of 2016, its CEO told Reuters.

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3

SPECIAL REPORT
Shock slump across European industry bodes ill for 2016

Europe's top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global economy as it struggles to sustain momentum.

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4

ANALYSIS
What if oil stays below $50 until 2020?

What if oil prices remain stuck in a $25 to $50 per barrel range for the next 5 years? What will the world economy look like in 2020? How do different asset classes perform? Bank of America Merrill Lynch explores the scenario.

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5

NEWS IN PICTURES
Prefabricated wing

The control tower of Changi Airport is see behind the partially completed extension wing of the Crowne Plaza hotel in Singapore. The new wing is made of prefabricated components assembled in China and stacks one on top of the other.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Debt deal for Limitless closer after Silver Point sale

A debt restructuring for Dubai-based developer Limitless moved closer after Silver Point Capital sold its share of the Dh4.45 billion ($1.2 billion) debt last month, two sources involved in the process said.

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Retail & Wholesale

Axiom Care continues GCC expansion

Axiom Care, the region’s largest after-sales service provider for mobile devices, axiom care, is continuing to expand ad currently has more than 25 service points in the region, which include eight in the UAE, and 17 in Saudi Arabia.

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Energy, Oil & Gas

Oil prices claw higher, weekly loss looms

Oil prices jumped on Friday on prospects of a co-ordinated production cut sparked by comments from the energy minister of Opec member United Arab Emirates.

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Finance & Capital Market

Mubadala seeks $2bn loan refinancing

Abu Dhabi state-owned investment fund Mubadala is talking to banks to raise a loan worth up to $2 billion, which it plans to close in the first half of the year, banking sources aware of the matter told Reuters on Thursday.

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Analysis, Interviews, Opinions

Millennials shifting car ownership trends

When Toyota Motor looked to the future at the turn of the millennium and aimed its new, edgy Scion small-car brand at 20-somethings, it could not have guessed that the model would be dead after just 12 years.

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Industry, Logistics & Shipping
IT & Telecommunications
Lifestyle

$1bn luxury project coming up at Shakespeare theatre site

UK residential developer Galliard Homes has joined hands with top developers Cain Hoy and McCourt and Chinese real estate group Vanke to launch a £750-million ($1.07 billion) mixed-use project - The Stage in Shoreditch, UK.

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Motoring

BMW, VW, Daimler recall vehicles in US with Takata air bags

The three largest German automakers said they will recall 2.5 million vehicles in the US equipped with Takata Corp air bags, the latest moves in a long-running safety crisis involving the Japanese automotive supplier.

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Health & Environment
Media & Promotion

Etisalat launches new personalised TV service

UAE’s Etisalat has launched its new eLife user interface (UI) designed to create a personalised experience as well as to improve content discovery across its eLife TV channels and on-demand services.

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