Monday 24 November 2014

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MOVE TO BOOST LIQUIDITY
Egypt's Amer Group to split into two companies

Egyptian real estate company Amer Group plans to split into two companies in an attempt to create more opportunities for its development business and boost trading in its shares.

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1

ROOM STOCK ‘MUST DOUBLE’
Dubai needs 280 hotels to meet target of 20m visitors

Dubai is facing a serious challenge posed by the need for 283 new hotels to be delivered between 2014 and 2020 to accommodate its target of 20 million visitors by the end of the decade, a report said.

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2

Dy CEO TO RUN OPERATIONS
Mobily suspends CEO after earnings debacle

Saudi Arabia's Etihad Etisalat (Mobily) has suspended its chief executive Khalid Al-Kaf, the kingdom's No 2 telecom operator by subscribers said on Sunday.

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3

ANALYSIS
More efficient public investment a Mideast priority

Improving the efficiency of public infrastructure investment across many oil exporters in the Mena region is now more important than ever, said a new International Monetary Fund (IMF) report.

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4

ANALYSIS
Opec keeps oil markets guessing on output move

Oil analysts are putting down markers on the Organisation of the Petroleum Exporting Countries' (Opec) meeting on November 27, when members will consider whether to cut output to shore up prices.

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5

IMAGE OF THE DAY
‘Open Rafah’

Palestinians hold national flags as they climb a gate during a rally calling on Egyptian authorities to open the Rafah border crossing, at the crossing in the southern Gaza Strip on November 23.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Egypt's Amer Group to split into two companies

Egyptian real estate company Amer Group plans to split into two companies in an attempt to create more opportunities for its development business and boost trading in its shares.

More…
Retail & Wholesale

Gulf’s optical market registers solid growth

The growth of the Gulf’s optical market is leaving Europe in the shade, as the number of outlets across the Middle East continues to rise on-the-back of global optical brands prioritising regional expansion.

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Finance & Capital Market

Lebanon’s revenues to hit $10.6bn in 2014

Lebanon’s public revenues are likely to hit L£16 trillion ($10.6 billion) in 2014, posting double-digit growth from L£14.2 trillion ($9.2 billion) last year, said a report.

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Analysis, Interviews, Opinions

More efficient public investment a Mideast priority

Improving the efficiency of public infrastructure investment across many oil exporters in the Mena region is now more important than ever, said a new International Monetary Fund (IMF) report.

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Industry, Logistics & Shipping

Arabian Cement Company revenue up 17pc

Arabian Cement Company (ACC), a leading Egypt-based company, has registered a 17 per cent growth in its revenue for the first nine months, which rose to E£1.78 billion ($248 million) compared to E£1.5 billion ($209 million) last year.

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Travel, Tourism & Hospitality

Dubai tourism challenge: 280 new hotels for 20m visitors

Dubai is facing a serious challenge posed by the need for 283 new hotels to be delivered between 2014 and 2020 to accommodate its target of 20 million visitors by the end of the decade, a report said.

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IT & Telecommunications

Mobily suspends CEO after earnings debacle

Saudi Arabia's Etihad Etisalat (Mobily) has suspended its chief executive Khalid Al-Kaf, the kingdom's No 2 telecom operator by subscribers said on Sunday.

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Lifestyle

Panerai launches two special edition timepieces

Italian timepiece manufacturer Officine Panerai has launched two new Special Edition watches, sold exclusively at the new Panerai boutique Located at Moda Mall in Manama, Bahrain.

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Motoring

New Qorus SUV unveiled at international event

Qoros, an international automobile manufacturer, revealed its third series production car, the new Qoros 3 City SUV 1.6T, at the 2014 Guangzhou International Auto Show in China, recently.

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Health & Environment

DBE, DuBiotech in tie-up to boost life sciences

Dubai Business Events and DuBiotech, subsidiaries of Dubai’s Department of Tourism and Commerce Marketing and Tecom Investment respectively, have partnered in supporting international life sciences conferences held in Dubai, UAE.

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Media & Promotion

Effie Awards honours campaigns in 23 categories

The recently held Effie Mena Awards 2014, the sixth edition of the annual programme, honoured the region’s most effective marketing campaigns in 23 classes of achievement in Dubai, UAE.

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Education, HR & Training

BIBF named best education service provider

Bahrain Institute of Banking and Finance (BIBF) was named Educational Service Provider of the Year at the Gala Awards Presentation Night of the inaugural Middle East Insurance Awards in Dubai as part of the Middle East Insurance Review.

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Miscellaneous

High voter turnout for Bahrain elections

More than 51 per cent of Bahrain's electorate turned out to vote in yesterday's (Novemebr 22) parliamentary and municipal council elections, Justice, Islamic Affairs and Endowments Minister Shaikh Khalid bin Ali Al Khalifa said.

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