Saturday 30 May 2015

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1,504 WEEKLY FLIGHTS
Abu Dhabi airport gears up for busiest summer season

Abu Dhabi International Airport is getting ready for its busiest ever summer this holiday season with a total of 1,504 flights set to depart from the UAE capital each week, up 22 per cent over the previous year, said a top official.

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ABC 'MOST SERIOUS CONTENDER'
BNP Paribas, ING, Bahrain group in race for HSBC Turkey

ING Group NV, BNP Paribas and Bahrain-based Arab Banking Corporation (ABC) have submitted bids to buy HSBC's Turkish business, a source familiar with the process said.

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2

QATAR DEFENDS BID
Blatter wins fifth Fifa term as challenger concedes

Sepp Blatter was re-elected president of Fifa for a fifth term on Friday after his only challenger conceded defeat in an election overshadowed by allegations of rampant corruption in world soccer.

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3

ANALYSIS
Opec supply, resurgent shale ‘to keep oil prices weak’

Oil prices are likely to stay relatively weak for the rest of this year due ample supply from traditional Middle East producers and a resurgence of US shale production, according to a Reuters survey.

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4

ANALYSIS
As sovereign issues grow, pricing stymies corporate sukuk

Sukuk issuance by governments around the world is expanding, helping to bring Islamic finance into the mainstream. But in one respect, the sovereign issues are proving a disappointment: they are not encouraging sukuk sales by companies.

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5

NEWS IN PICTURES
Merkel ‘most powerful woman’

German Chancellor Angela Merkel tops Forbes list of the 100 most powerful women with other world leaders close behind. Taylor Swift is the youngest ever entry.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate
Retail & Wholesale

Nakheel expands lease space at Ibn Battuta Mall

Dubai-based developer Nakheel is set to launch another 766,000 sq ft of shop and restaurant space for lease at Ibn Battuta Mall - the world’s largest themed shopping mall - on Monday (June 1).

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Energy, Oil & Gas

Oil jumps 5pc as dollar rally stalls, US rigs fall

Crude oil prices jumped almost 5 per cent on Friday, their biggest rally in 1-1/2 months, as a steady US dollar and a bigger than expected drop in US oil rigs in operation set off a renewed rush of bullish bets.

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Finance & Capital Market
Analysis, Interviews, Opinions

Opec supply, resurgent shale ‘to keep oil prices weak’

Oil prices are likely to stay relatively weak for the rest of this year due ample supply from traditional Middle East producers and a resurgence of US shale production, according to a Reuters survey.

More…
Industry, Logistics & Shipping

Agility gets shareholder nod to issue long term bonds

Kuwait-listed logistics company Agility has said shareholders approved all items on its agenda at its annual general meeting, including plans for issuing long term bonds.

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Travel, Tourism & Hospitality

Abu Dhabi airport gears up for busiest summer season

Abu Dhabi International Airport is getting ready for its busiest ever summer this holiday season with a total of 1,504 flights set to depart from the UAE capital each week, up 22 per cent over the previous year, said a top official.

More…
IT & Telecommunications

Ooredoo reviews financial and strategic progress

Ooredoo has updated its investors and analysts on the business’ financial and strategic progress as part of its transparent investor relations programme during its annual Capital Markets Day held in Doha, Qatar recently.

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Lifestyle

4Space wins top luxury lifestyle award

4Space Interior Design, a Dubai-based architecture and interior design company, has won the 2015 Luxury Lifestyle Award for Interior Design Studio Category “Luxury interior design Company of UAE” at a recent event in Dubai, UAE.

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Motoring

GM in massive trucks recall over Takata air bags

General Motors Company is recalling about 375,000 heavy duty pickup trucks equipped with passenger-side air bag inflators made by Takata Corp, the US automaker said.

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Health & Environment

Qatar Foundation to set up new hospital in Italy

Qatar Foundation Endowment (QFE) has announced plans to set up a specialised hospital and medical research centre in the Italian city of Sardinia through its European investment platform, Luigi Maria Monti Foundation.

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Media & Promotion

Jackson's US ranch on market for $100m

The sprawling Neverland ranch in California once owned by the late pop star Michael Jackson is on sale for $100 million, Sotheby's International Realty said.

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Education, HR & Training
Miscellaneous

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