Saturday 31 January 2015

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FACEBOOK THREAT DEEPENS
Google Q4 revenue up 15pc despite declining ad rates

Google has reported a revenue of $18.10 billion during the fourth quarter of 2014, compared to $15.71 billion in the year-ago period, marking an increase of 15 per cent, missing Wall Street’s targets on declining online ad prices.

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1

CERAMIC TILES MANUFACTURER
Investcorp to acquire key Spanish company

Bahrain-based Investcorp is set to buy Fritta, a specialist producer of intermediates for the ceramic industry, from financial investor Nazca Private Equity.

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2

GULF AIRLINES WAIT
Turkey, Lebanon restart Baghdad flights

Turkish Airlines and Lebanon's Middle East Airlines (MEA) resumed flights to Baghdad on Thursday after halting them earlier in the week when bullets hit a plane as it was landing in the Iraqi capital.

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3

SPOTLIGHT
Aviation chiefs seek new safety mandate after deadly 2014

Aviation leaders will try to secure a mandate to implement new safety standards when they meet next week after a string of high-profile accidents around the world made 2014 the deadliest year for commercial airlines in almost a decade.

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4

SPOTLIGHT
UAE employers ‘must embrace potential of millennials’

UAE employers must embrace the potential of the millennial generation to transform their businesses, according to a top executive.

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5

Circle Uncircled

A visitor takes a ‘selfie’ in front of an exhibit titled ‘Circle Uncircled’ by artist Rahul Kumar, at the India Art Fair in New Delhi January 29. The fair focuses on homegrown artists and exhibits inspired by contemporary themes.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Investcorp to acquire key Spanish company

Bahrain-based Investcorp is set to buy Fritta, a specialist producer of intermediates for the ceramic industry, from financial investor Nazca Private Equity.

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Energy, Oil & Gas

Bahrain to increase natural gas prices for industry

Bahrain will increase the price of natural gas sold to companies by 25 cents per million British thermal units (mmBtu) from April 1, Aluminium Bahrain (Alba) said in a statement on Friday.

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Finance & Capital Market

Travelex, UAE Exchange to merge and list in Abu Dhabi

Foreign currency exchange firm Travelex will be merged with money transfer company UAE Exchange and listed in Abu Dhabi by early on in 2017, new owner Bavaguthu Raghuram Shetty said.

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Analysis, Interviews, Opinions

Funds turning positive on Saudi as oil stabilises

Middle East funds are turning positive on Saudi Arabia's stock market because of signs that oil prices are starting to stabilise, the latest Reuters survey of asset managers shows.

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Industry, Logistics & Shipping

Shell to build $11bn petchem plant in Iraq

Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser Al-Esawi said on Wednesday.

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Travel, Tourism & Hospitality

Qatar Airways buys 9.99pc stake in British Airways

Qatar Airways has bought a 9.99 per cent stake in International Airlines Group, worth around $1.7 billion, building closer ties with the owner of its partners British Airways and Spain's Iberia in the one world alliance.

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IT & Telecommunications

Ooredoo Oman Q4 profit falls 17pc to $21m

Ooredoo Oman reported a net profit of RO8.3 million ($21.6 million) in the fourth quarter of 2014, down from RO10 million ($25.8 million) in the year-earlier period, marking a 17 per cent fall in fourth-quarter profit on Thursday.

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Lifestyle

Dubai hosts ‘world’s most expensive’ fashion show

Dubai Shopping Festival (DSF) in partnership with Dhamani, recently hosted the “Diamond Fashion Show”, dubbed the most expensive fashion show in the world featuring a display of diamond jewellery worth over $100 million.

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Motoring

BMW fixes security flaw in its in-car software

German luxury carmaker BMW has fixed a security flaw that could have allowed hackers to unlock the doors of up to 2.2 million Rolls-Royce, Mini and BMW vehicles, it said on Friday.

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Health & Environment
Miscellaneous

Chile to showcase dry fruit and nut products at Gulfood

Chile is set to present its dry and dehydrated fruit and nut export products at leading Middle Eastern food fair, Gulfood 2015, in Dubai, UAE, next month.

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