Thursday 27 November 2014

0

LOANS, BONDS ON OFFER
IDB unit to raise $1.2 billion in Islamic financing

The private sector arm of the Jeddah-based Islamic Development Bank (IDB) plans to tap Islamic capital markets to raise as much as $1.2 billion in long-term funds during its current financial year, its chief executive said.

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1

TOTAL PROJECT COST TOPS $2bn
Mabanee to spend $910m on Kuwait mall extension

Kuwaiti real estate firm Mabanee said on Wednesday it would spend KD265 million ($910 million) on building the fourth phase of its The Avenues mall development.

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2

RUSSIA READY FOR PRICE WAR
Saudi Arabia sees oil market 'stabilising itself'

Opec leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output at the group's meeting this week, a day after Russia refused to cooperate in any production cut.

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3

SPECIAL REPORT
Fat to blame for half a million cancers a year: WHO

Some half a million cases of cancer a year are due to people being overweight or obese, the World Health Organization's cancer research agency said on Wednesday.

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4

ANALYSIS
Opec – to cut or not to cut, that is the question

Will Opec go for a quick fix and worry about the future later or will it pass the challenge to US producers by allowing the price to remain low? These are the questions that the market will be looking for answers to this Thursday.

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5

IMAGE OF THE DAY
Terror anniversary

Tourists sit in front of the Taj Mahal hotel, which was one of the targets of the November 26, 2008 attacks, in Mumbai on November 26. Wednesday marks the sixth anniversary of the Mumbai 2008 attacks.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Sharjah residential rents soar 26pc in Q3

The residential rental values in Sharjah, UAE, surged 26.4 per cent in the third quarter compared to the same period last year largely driven by the reverse migration from neighbouring Dubai emirate.

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Retail & Wholesale

Souq.com unveils ‘White Friday’ deals

Souq.com, a leading online retailer in the Middle East, has released a sneak peak of deals for ‘Black Friday’, now coined ‘White Friday’ by the retailers.

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Energy, Oil & Gas

Saudi Arabia sees oil market 'stabilising itself'

Opec leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output at the group's meeting this week, a day after Russia refused to cooperate in any production cut.

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Finance & Capital Market

HSBC to refund excess fees to Mideast, Africa customers

HSBC will refund customers across five countries in the Middle East and North Africa for charging them excessive foreign currency fees on debit and credit card transactions, the lender confirmed to Reuters on Wednesday.

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Analysis, Interviews, Opinions
Industry, Logistics & Shipping

Alba expansion 'will help Bahrain economy'

The planned $2.5-billion expansion of Aluminium Bahrain (Alba) will contribute to the kingdom’s national economy and create additional job opportunities, said Shaikh Khalid bin Abdulla Al Khalifa, Bahrain’s Deputy Prime Minister.

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Travel, Tourism & Hospitality

EMEA hotel rates ‘likely to rise in 2015’

Hotel rates are set to rise slightly in Europe, Middle East and Africa (EMEA) in 2015, with air and ground transportation prices predicted to remain largely static, a new study said.

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IT & Telecommunications

Du, Microsoft in deal to provide Office 365 to SMBs

UAE-based telecommunication operator du and Microsoft have signed a new partnership to provide small and medium-sized business in the UAE with the new Office 365 offering.

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Lifestyle

Bentley unveils the new Grand Convertible

Bentley, a leading British luxury automaker, recently unveiled the Bentley Grand Convertible, the most sophisticated open-top car created by Bentley, at a Los Angeles Auto Show, US.

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Motoring

Al-Futtaim-led raids seize $9m fake auto parts

Al-Futtaim Motors, in partnership with several law entities of the UAE, conducted over 97 raids in the first nine months of this year, resulting in the confiscation of over Dh34.2 million ($9.3 million) worth of counterfeit car parts.

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Media & Promotion

Workz completes $1m upgrade of Dubai facility

Workz, a secure printing and supply chain services provider, has completed its $1 million upgrade of its Dubai scratch card printing facility, allowing it to increase running speeds by 30 per cent.

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Education, HR & Training

HR managers urged to be more people-centric

There is an urgent need for human resource (HR) professionals to transform their business functions and become more people-centric, a top minister has said.

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Miscellaneous
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