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HOUSING, FOOD COSTS UP
Kuwait April inflation climbs to 2.8pc y/y
Kuwait's inflation climbed to 2.8 per cent year-on-year (y/y) in April compared to 2.2 per cent the previous month, mainly due to a sharp rise in food and housing prices, said a report.
1
GLOBAL GROWTH RISK REMAIN
Asian business sentiment upbeat in Q2, says survey
Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, said the latest Thomson Reuters/INSEAD survey.
2
FIRM WINS ATTRACTIVE MARKET TERM
DP World extends maturity date on $1bn loan
DP World , the world's third-largest port operator, said on Wednesday that it has extended the maturity date on a $1 billion revolving credit facility for an additional year as it secured attractive market terms.
3
SPECIAL REPORT
Oil traders diversify into food, metals eyeing profits
Energy trading houses are diversifying into food commodities and metals, which makes them likely to invest in assets such as port capacity as they copy their rival Glencore Xstrata to escape excessive reliance on oil, said a experts.
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MONEY MATTERS
Road to wealth much smoother now, say Mideast HNWIs
More than 60 per cent of high net worth individuals (HNWIs) in the Middle East believe wealth can be created faster today than in the past compared to 43 per cent in Europe and 31 per cent in North America, said a survey.
5
IMAGE OF THE DAY
Obama’s ‘pupil skills’
US President Barack Obama and his German counterpart Joachim Gauck (L) meet with the 5th grade pupils of John F Kennedy school in Berlin on June 19. Obama will unveil plans for a sharp reduction in nuclear warheads in a landmark speech.
Top Trade News
 | Industry Sectors |
AECOM wins $148m Doha Expressway contract
AECOM Technology Corporation said it has won a $148 million three-year contract from Qatar government to provide construction-supervision and design-review services for a portion of the Doha Expressway program.
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One-third of Mena consumers shopping online
Roughly 33 per cent of Mena consumers now make online purchases and industry analysts expect e-commerce in the region to reach an estimated $15 billion in 2015, an industry expert said.
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Qatar plans $46m investment in top solar group
Qatar Solar, the country's major renewable energy initiative, is set to boost its stake in SolarWorld, a top German solar energy company, with an investment of 35 million euros ($46.8 million) under a new debt restructuring plan.
More…
Kuwait April inflation climbs to 2.8pc y/y
Kuwait's inflation climbed to 2.8 per cent year-on-year (y/y) in April compared to 2.2 per cent the previous month, mainly due to a sharp rise in food and housing prices, said a report.
More…
Road to wealth much smoother now, say Mideast HNWIs
More than 60 per cent of high net worth individuals (HNWIs) in the Middle East believe wealth can be created faster today than in the past compared to 43 per cent in Europe and 31 per cent in North America, said a survey.
More…
DP World extends maturity date on $1bn loan
DP World , the world's third-largest port operator, said on Wednesday that it has extended the maturity date on a $1 billion revolving credit facility for an additional year as it secured attractive market terms.
More…
Etihad, US firm ink smart technology pact
Etihad Airways, the national carrier of the UAE, has partnered with US-based Taleris to launch a groundbreaking new technology which can help predict potential maintenance faults and advise on preventive action.
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Zain eyes IT acquisitions to boost data services
Kuwait mobile operator Zain will make acquisitions and partnerships in computer-based industries this year to exploit rising demand for data and help offset falling conventional call and text income, said its chief executive.
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ADPC inks key deal with Abu Dhabi Customs
Abu Dhabi Ports Company (ADPC), a master developer and regulator of ports and industrial zones in Abu Dhabi, has signed a deal with Abu Dhabi Customs to simplify procedures at Khalifa Port and Khalifa Industrial Zone Abu Dhabi (Kizad).
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Aston Martin rolls out new Vanquish Volante
British car maker Aston Martin has unveiled the new Vanquish Volante, a new luxury sports car that brings the thrill of open top motoring to the super GT class.
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Qatar plans $46m investment in top solar group
Qatar Solar, the country's major renewable energy initiative, is set to boost its stake in SolarWorld, a top German solar energy company, with an investment of 35 million euros ($46.8 million) under a new debt restructuring plan.
More…
UAE cinema launches first Dolby Atmos theatre
UAE-based Cine Royal Cinema has launched the country’s first Dolby Atmos equipped theatre in Abu Dhabi in association with Dolby Laboratories.
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Bahrain university campus project on track
The work at the BD13 million ($35.3 million) Applied Science University Campus being built on an area of 24,000 sqm in Bahrain is progressing well and is due for completion by the end of the month, said a report.
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Wadi makes splash in booming MICE market
Wadi Adventure is making a splash in the Meetings Incentives Conferences and Exhibitions (MICE) market, as more UAE companies look to raft, kayak and surf their way through traditional team-building exercises than ever before.
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