Tuesday 2 September 2014

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DUBAI SUBURB RATES SOFTEN
Property price rise deters first-time home buyers

The rise in property prices has resulted in fewer sales transactions in the second quarter of the year and diverted potential first time home buyers to shift their immediate attention to continuing to rent in Dubai, UAE, a report said.

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1

'WE BUY PLANES, NOT SHARES'
Emirates rules out buying Qantas stake

Dubai-based Emirates airline is not interested in investing in the international operations of Qantas, the carrier's chief commercial officer (CCO) has said.

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2

LIMIT ON BANK FEES LIKELY
Saudi cbank may cap consumer lending

Saudi Arabia's central bank has published new consumer lending regulations which give it the power to cap retail lending at individual banks and limit the fees that banks can charge.

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3

ANALYSIS
Basel III deposit challenge looms over Islamic banks

As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits.

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4

ANALYSIS
Saudi economy positioned for a cyclical rebound

Saudi Arabia’s economy will start gathering pace from the second half of the year, as the non-oil economy adjusts to the labour market initiatives and base effects turn favourable in 2015, a report said.

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5

IMAGE OF THE DAY
Back to school blues

First graders attend a festive ceremony to mark the start of another school year in Slaviansk on September 1. The day marks the start of a new academic year for students in Ukraine.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Saudi awards $33bn project contracts in H1

The value of contracts awarded in Saudi Arabia during the first half of the year hit SR124.6 billion ($33.2 billion), up 21 per cent over SR102.7 billion for the same period in 2013, according to a report.

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Retail & Wholesale

New Apple iPhone ‘to feature mobile wallet'

Apple plans to enable its next iPhone to become a mobile wallet by allowing owners to securely make mobile payments in a store with the touch of a finger, Bloomberg said on Sunday, citing a person familiar with the situation.

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Energy, Oil & Gas

Oman to buy 20mcm/d gas from Iran

Iran has agreed to export 20 million cubic meters per day (mcm/d) of gas to Oman, Iran's oil minister was quoted as saying by the semi-official Fars news agency, indicating the two sides had agreed on terms after years of talks.

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Finance & Capital Market

Saudi cbank may cap consumer lending

Saudi Arabia's central bank has published new consumer lending regulations which give it the power to cap retail lending at individual banks and limit the fees that banks can charge.

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Analysis, Interviews, Opinions

Basel III deposit challenge looms over Islamic banks

As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits.

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Industry, Logistics & Shipping

Ma'aden, Alcoa start ops at $10.8bn aluminium plant

Saudi Arabian Mining Company (Ma'aden) said on Monday its $10.8 billion joint aluminium smelter with US-based Alcoa has started commercial operations.

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Travel, Tourism & Hospitality
IT & Telecommunications

Tawasul in deal with Equinix for PoP in UAE

Tawasul Telecom, a leading provider of Multiprotocol Label Switching (MPLS) networking services in the Middle East and the Gulf region, has signed a deal with Equinix to have a second Point of Presence (PoP) in the UAE.

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Government & Laws

GCC internal state security in focus at Qatar expo

The specific needs and requirements of internal state security markets within the Gulf Co-operation Council (GCC) will be addressed at a top conference in Qatar in October.

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Motoring
Health & Environment

Bahrain pharmas given deadline to implement pricing

Several pharmacies in Bahrain have violated a decision to implement the unified pricing structure for the third batch of medicines which came into effect yesterday (September 1).

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Media & Promotion

Abu Dhabi Classics to bring top music talent to UAE

Abu Dhabi Classics, an international cultural concert season staged in Abu Dhabi, UAE, is set to bring some of the most prominent music talent and orchestras to the capital, Saadiyat island and Al Ain.

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Education, HR & Training

EMC named ‘best place to work in Saudi’

EMC, a leader in enabling businesses and service providers to transform their operations and deliver IT as a service, has been named ‘the best place to work in Saudi Arabia’ by the Great Place to World Institute.

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