Friday 31 October 2014

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50PC OF IPO COVERED
NCB to defy global slowdown with $6bn flotation

Saudi Arabia is still expected to chalk up the region's biggest ever listing when National Commercial Bank's SR22.5 billion ($6 billion) offering closes on November 2, bucking a broader market slowdown.

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1

REVENUE TOPS $177m
Emaar Malls Q3 net profit surges 55pc

Dubai's Emaar Malls Group (EMG), a unit of Emaar Properties, made a net profit of Dh321.18 million ($87.5 million) in the third quarter of the year, up 55.2 per cent from Dh206.97 million ($56.3 million) in the corresponding period of 2013.

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2

INVESTMENT TO AID EXPANSION
Bahrain funds buy US workforce services firm

Bahrain-based alternative investment fund Investcorp said on Thursday it and sovereign fund Mumtalakat had acquired US-based workforce management solution provider PRO Unlimited.

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3

FOCUS
What will schools look like in 2030?

Education systems will undergo major changes, with schools becoming interactive environments where innovations in technology and curricula will transform the role of teachers and reshape the landscape of learning, according to a survey.

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4

INSIGHT
Oil price declines have shale investors scrambling

Plummeting oil prices are pushing some of the small-cap companies which flourished as part of the US shale energy boom close to their breaking point, while also prompting some well-known fund managers to aggressively buy energy stocks.

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5

IMAGE OF THE DAY
A symbol of democracy

A man takes pictures of miniature paper umbrellas, a symbol of the pro-democracy movement, in the part of Mongkok shopping district protesters are occupying in Hong Kong October 31.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate
Retail & Wholesale

Emaar Malls Q3 net profit surges 55pc

Dubai's Emaar Malls Group (EMG), a unit of Emaar Properties, made a net profit of Dh321.18 million ($87.5 million) in the third quarter of the year, up 55.2 per cent from Dh206.97 million ($56.3 million) in the corresponding period of 2013.

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Finance & Capital Market

Kingdom Holding Q3 net profit rises 20.5pc

Saudi Arabia's Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 20.5 per cent rise in third-quarter net profit on Thursday, on the back of higher investment profits.

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Analysis, Interviews, Opinions

Funds positive on Gulf equity markets despite oil price slide

Funds are positive on many Gulf stock markets despite the recent slide in oil prices, after sharp pull-backs in the markets improved valuations, the latest monthly Reuters survey of regional asset managers found.

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Industry, Logistics & Shipping

Globe Express Jan-Sept revenue up 8pc in UAE

Globe Express Services (GES), a major provider of logistics services, has recorded an eight per cent growth in revenue for its UAE offices between January and September, compared to the same period last year.

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Travel, Tourism & Hospitality

Etihad to fly thrice daily to Mumbai, Delhi

Etihad Airways, the national airline of the UAE, has announced that Mumbai and New Delhi will become its first destinations in India to be served with three-daily flights.

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IT & Telecommunications

Ooredoo Oman 9-month net hits $76m

Omani Qatari Telecommunications Company (Ooredoo Oman) has posted a net profit of RO29.5 million ($76.4 million) for the first nine months of the year as against RO23.1 million ($59.8 million) in the same period of 2013.

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Lifestyle

Microsoft offers wearable fitness device for $199

Microsoft Corp launched a device called "Microsoft Band" that will allow users to monitor their fitness and exercise regime, marking the world's largest software company's debut into the wearable technology market.

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Motoring

New Porsche Cayenne models arrive in Bahrain

Behbehani Brothers, the authorised distributors for Porsche in Bahrain, has welcomed the arrival of the new Cayenne in three different models, at the Porsche Centre Bahrain.

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Health & Environment

American Hospital Dubai gets radioiodine therapy license

The American Hospital Dubai has become the first private hospital in the UAE to be licensed to provide radioiodine therapy to thyroid cancer patients, following a project dedicated to building a new radiation therapy patient facility.

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Media & Promotion

Stratasys 3D print technology used in top movie blockbuster

Stratasys, a leader of 3D printing and additive manufacturing solutions, said its Objet Connex technology has played a starring role a top movie blockbuster, through its continued use by leading movie costumes and props specialists, FBFX.

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Education, HR & Training
Miscellaneous

Agthia nine-month profit up 26pc to $41m

Agthia Group, one of the UAE’s leading food and beverage groups, has reported net profit of Dh151 million ($41 million) for the first nine months of the year, marking a 26 per cent rise driven primarily by higher sales and improved margins.

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