Saturday 20 September 2014

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MOVE MAY DERAIL SULZER MERGER
Siemens, GE mull bid for top turbine maker Dresser Rand

General Electric Company and Germany's Siemens are considering bids for compressor and turbine maker Dresser-Rand that could derail a merger between the New York-based firm and Swiss pump maker Sulzer, according to media reports.

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1

PRODUCTION SHARING DEAL
Western firms win key Egypt oil, gas blocks

Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm to cover seven exploration areas in the Suez Canal, Egypt's western desert, the Mediterranean sea and the Nile Delta.

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2

CLOSING TAX LOOPHOLES VITAL
G20 divided on strategy to attain global growth

As the Group of 20 leading economies meet to change no less than the "destiny" of the global economy, members remain divided on how to get there with Germany pushing back at US calls for more government stimulus.

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3

MONEY MATTERS
Dollar's rally bad news for oil, multinationals

The greenback’s longest rally since the dollar index was created in 1973 could pose significant headwinds to key market sectors such as oil and the commodities besides the multinationals that do much of their business overseas.

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4

INSIGHT
Food companies, hotels add protein to beef up profits

Though diet studies disagree about what's worse for you, carbohydrates or fat, most say nice things about eating protein, including its potential for better weight control.

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5

IMAGE OF THE DAY
Flood havoc

People ride in a improvised bicycle trolley while travelling down a flooded street after Tropical Storm Fung-Wong battered Cainta, Rizal province, east of Manila, Philippines. The storm forced 200,000 people into temporary shelter.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Damac plans second Trump Golf Course in Dubai

Leading luxury real estate developer Damac has announced plans to develop a second golf course and related facilities such as club house and restaurants, in Dubai for the Trump Organisation.

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Retail & Wholesale

Prada to open fewer stores as profit falls

Italian luxury goods group Prada said it will be opening fewer stores than previously planned this year after reporting a 21 per cent fall in its first-half net profit.

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Energy, Oil & Gas

Western firms win key Egypt oil, gas blocks

Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm to cover seven exploration areas in the Suez Canal, Egypt's western desert, the Mediterranean sea and the Nile Delta.

More…
Finance & Capital Market

Mideast banks buy majority of Goldman Sach’s sukuk

Middle Eastern banks bought the vast majority of a debut $500 million sukuk issue by Goldman Sachs, a positive sign for other conventional banks hoping to tap the region's liquidity by issuing Islamic debt, according to data.

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Analysis, Interviews, Opinions

Dollar's rally bad news for oil, multinationals

The greenback’s longest rally since the dollar index was created in 1973 could pose significant headwinds to key market sectors such as oil and the commodities besides the multinationals that do much of their business overseas.

More…
Industry, Logistics & Shipping
Travel, Tourism & Hospitality

Air India Express to launch 7 new Gulf flights

Air India Express, a state-owned low-cost carrier, is set to launch seven new flights to the Gulf countries from the south-Indian cities of Trivandrum, Cochin, Calicut and Mangalore in the winter schedule starting from October 26.

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IT & Telecommunications

Apple's iPhone 6 rings up record orders

Fans around the world are lining up for the iPhone 6 - and after revealing its Apple Watch, its first truly new product in four years, the company is hoping to maintain stellar growth.

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Government & Laws

Bahrain parties find common ground for long-term stability

Bahrain's Crown Prince said political parties had identified five areas of "common ground" including potential parliamentary and judicial reforms, to help increase long-term stability in the Kingdom.

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Health & Environment

Speed-fit launches new fitness system in Dubai

Speed-fit, a leading German fitness centre renowned for its intense body workouts through electromyostimulation (EMS) therapy, has launched its first UAE outlet in Dubai.

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Education, HR & Training

StanChart to recruit top UAE talents

Leading global bank Standards Chartered will be organising the second edition of its 'UAE National Job Fair' on September 25 in Dubai.

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Miscellaneous

Egypt's GASC buys 55,000 tonnes of US wheat

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Saturday it had bought 55,000 tonnes of U.S. soft red winter wheat in a tender for shipment October 21-31. The wheat was purchased from Am

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