Thursday 29 January 2015

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STAKE IN ADCO
Total wins share of new Abu Dhabi concession

Total has signed an agreement to take a 10 per cent stake in a new 40-year onshore concession in Abu Dhabi in the United Arab Emirates (UAE), the French oil group said on Thursday.

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1

FOCUS ON FOUR SECTORS
New plan aims to boost investment in Saudi

A new plan aims to transform Saudi Arabia’s investment landscape by further diversifying the economy, building its knowledge base, creating job opportunities and maintaining the ease of doing business in the kingdom.

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2

Q4 PROFIT DOWN 36pc
Samsung posts lowest annual earnings in three years

Samsung Electronics on Thursday reported a 36 per cent drop in its 2014 profits compared to a year earlier, marking the South Korean firm's first annual earnings decline in three years.

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3

ANALYSIS
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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4

SPECIAL REPORT
Build better roads to bolster food supplies: study

Billion-dollar investments in basic transport and electricity in developing nations are among the best ways to curb hunger by 2030 since a quarter of all food is now wasted after harvest, according to a report issued on Thursday.

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5

IMAGE OF THE DAY
Moment of triumph

Maria Sharapova of Russia celebrates after defeating compatriot Ekaterina Makarova 6-3, 6-2 in their women's singles semi-final match at the Australian Open 2015 tennis tournament in Melbourne on January 29.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

The Wave, Muscat awards contract to build 69 villas

The Wave, Muscat, a high-profile oceanfront mixed-use destination, has awarded a RO16.2 million ($42 million) contract to leading developer Al Turki Enterprises for the construction of 99 villas, a report said.

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Retail & Wholesale

Samsung posts lowest annual earnings in three years

Samsung Electronics on Thursday reported a 36 per cent drop in its 2014 profits compared to a year earlier, marking the South Korean firm's first annual earnings decline in three years.

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Energy, Oil & Gas
Finance & Capital Market

New plan aims to boost investment in Saudi

A new plan aims to transform Saudi Arabia’s investment landscape by further diversifying the economy, building its knowledge base, creating job opportunities and maintaining the ease of doing business in the kingdom.

More…
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

Yas Island to participate in Indian travel trade show

Yas Island, Abu Dhabi’s premier business, leisure and entertainment destination, is set to participate at the South Asian Travel and Tourism Exhibition (SATTE), starting today (January 29) till January 31 in New Delhi, India.

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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

Maserati’s Mena sales surge 155pc in 2014

Italian luxury car manufacturer Maserati has reported a 155 per cent increase in 2014 sales in the Mena region compared to the same period in the previous year.

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Education, HR & Training

NIIT to launch upskilling program at Bahrain expo

Bahrain’s National Institute of Industrial training (NIIT) will promote their Fanniya Apprenticeship Program at the upcoming Gulf Industry Fair 2015, a major industrial B2B exhibition in Northern Gulf.

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