Friday 24 October 2014

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REBUILDING CONFIDENCE
Egypt considers $1.5bn bond as it repairs economy

Egypt could tap international bond markets to raise up to $1.5 billion next year to shore up its finances and is open to agreeing an International Monetary Fund loan package if needed, Finance Minister Hany Kadry Dimian said.

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1

BACKS UN EFFORTS
Bahrain urges global partnership for peace

Bahrain's Premier is urging an international partnership to strengthen security, stability and quality of life, in a statement marking UN Day.

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2

FOREIGN RESERVES HIT $38bn
Lebanon plans $1 billion economic stimulus for 2015

Lebanon is planning a $1 billion economic stimulus package for 2015 to maintain growth and support an economy which has been hit by a three-year conflict in neighbouring Syria, the central bank governor said.

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3

INSIGHT
Fixing ‘Ebolanomics’ in pursuit of vaccines and drugs

As researchers from Africa to China to America race to develop vaccines and treatments to fight Ebola, health experts are grappling with the economics of a disease that until this year had been off the drug industry's radar.

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4

FOCUS
Egypt's Juhayna set for recovery after ‘difficult year’

Juhayna, Egypt's largest producer of packaged juice and dairy products, expects its profits to recover next year after an increase in the cost of raw materials squeezed margins this year, its chairman said.

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5

IMAGE OF THE DAY
Sweet Sanctions

Russian artist Yelena Zelenskaya displays pies she baked that look like North Korean leader Kim Jong Un, US President Barak Obama, and German Chancellor Angela Merkel, prepared for an art performance.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Khodari may double capex for big Saudi projects

Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said it may double its capital spending in coming years to cope with the work it hopes to do on the country's big infrastructure projects.

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Retail & Wholesale

Yas Mall to unveil brand new retail concepts

Yas Mall, Abu Dhabi’s ultimate retail destination set to open in November, is set to unveil a variety of brand new concepts launched for the first time by leading regional and international retail stores.

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Energy, Oil & Gas

Saudi Arabia’s Acwa power shifts toward renewable

Saudi Arabia-based power and water project developer Acwa Power IPO is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy.

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Finance & Capital Market

Finance House posts 9-month profit of $22m

Abu Dhabi-based Finance House (FH) has registered a consolidated net profit of Dh81.3 million ($22.1 million) for the first nine months of 2014, compared to Dh80.2 million ($21.8 million) in the corresponding period last year.

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Analysis, Interviews, Opinions

Gulf airlines target Italy as transit point for expansion

Having shuttled millions of travellers through their plush home bases, rival Gulf airlines are now battling over an Italian market which they see as ripe for expansion and key to driving traffic on to long-haul routes.

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Industry, Logistics & Shipping

Saudi imports jump 19.6pc to $15bn in August

Saudi Arabia's imports jumped an annual 19.6 per cent in August, ending nine consecutive months of declines, while growth in non-oil exports accelerated to 22.2 per cent, official data showed on Thursday.

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Travel, Tourism & Hospitality

Sharjah airport opens new $136m runway

Sharjah Airport has opened a new Dh500-million ($136 million) runway which has been designed to receive new generations of aircraft such as the Boeing 747-800, Airbus A380, and giant freighters like AN124 and AN225.

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IT & Telecommunications

China hackers 'may have infiltrated Apple's iCloud'

Apple's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the country's government is behind the campaign.

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Lifestyle

Qatar’s boat show doubles in size

The Qatar International Boat Show (QIBS) has grown in size and stature with leading bands such as Lurssen, Palmer Johnson, Blohm and Voss, and Esen Yacht headed out for the event, which will be held in Doha’s premier marina next month.

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Motoring

Saudi may see 18m cars on roads by year-end

Saudi Arabia will likely see the number of licensed vehicles on its roads rise to 18 million by the end of 2014, from 17 million last year, a report said.

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Media & Promotion

Google launches ‘real-time’ email service

Google launched an email service called "Inbox" on Wednesday that will better organise emails and display information such as appointments, flight bookings and package deliveries in a more user-friendly way.

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Education, HR & Training

GCC upbeat on hiring, but young talent ‘a concern’

GCC employers looking to hire hundreds of thousands of new recruits in the next 12 months are also projecting an average 9 per cent increase in salaries, but a new study says they face a major challenge with young talent.

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Miscellaneous
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