Thursday 30 October 2014

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REVENUE TOPS $177m
Emaar Malls Q3 net profit surges 55pc

Dubai's Emaar Malls Group (EMG), a unit of Emaar Properties, made a net profit of Dh321.18 million ($87.5 million) in the third quarter of the year, up 55.2 per cent from Dh206.97 million ($56.3 million) in the corresponding period of 2013.

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1

INVESTMENT TO AID EXPANSION
Bahrain funds buy US workforce services firm

Bahrain-based alternative investment fund Investcorp said on Thursday it and sovereign fund Mumtalakat had acquired US-based workforce management solution provider PRO Unlimited.

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2

LAX PROCEDURES BLAMED
Saudi Arabia finds six new Mers cases

Saudi Arabia said it had detected six new cases of the deadly Middle East Respiratory Syndrome (Mers) in 24 hours, the biggest daily jump for months with officials blaming lax hospital procedures.

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3

ANALYSIS
Funds positive on Gulf equity markets despite oil price slide

Funds are positive on many Gulf stock markets despite the recent slide in oil prices, after sharp pull-backs in the markets improved valuations, the latest monthly Reuters survey of regional asset managers found.

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4

ANALYSIS
IT losing the battle on security in the cloud

A majority of IT organisations are kept in the dark when it comes to protecting corporate data in the cloud, putting confidential and sensitive information at risk, a report said.

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5

IMAGE OF THE DAY
Cowskin Buddha

A girl takes picture at the creation named "Cowskin Buddha Face No. 7" by artist Zhang Huan during the media preview of Art Taipei 2014 on October 30. The expo will be held from October 31 to November 3 at the Taipei World Trade Centre.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Hill wins UAE ministry building project

Hill International, a global leader in managing construction risk, said it has received a contract from Emirates Real Estate Corporation (Erec) to provide project management services for a Abu Dhabi ministry building.

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Retail & Wholesale

Zilzar, a Muslim lifestyle marketplace is unveiled

Zilzar.com, the leading global Muslim lifestyle marketplace platform for information, content, community and trade to target the massive $2.5 trillion Muslim consumer market, was launched recently in Dubai.

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Finance & Capital Market

Kingdom Holding Q3 net profit rises 20.5pc

Saudi Arabia's Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 20.5 per cent rise in third-quarter net profit on Thursday, on the back of higher investment profits.

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Analysis, Interviews, Opinions

Funds positive on Gulf equity markets despite oil price slide

Funds are positive on many Gulf stock markets despite the recent slide in oil prices, after sharp pull-backs in the markets improved valuations, the latest monthly Reuters survey of regional asset managers found.

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Industry, Logistics & Shipping

Globe Express Jan-Sept revenue up 8pc in UAE

Globe Express Services (GES), a major provider of logistics services, has recorded an eight per cent growth in revenue for its UAE offices between January and September, compared to the same period last year.

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Travel, Tourism & Hospitality

Air Arabia celebrates 11th anniversary

Sharjah-based Air Arabia, the largest low-cost carrier in the Middle East and North Africa, marked its 11th year of successful operations with its first flight to Tiblisi, Georgia – its 100th global destination.

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IT & Telecommunications

Ooredoo Oman 9-month net hits $76m

Omani Qatari Telecommunications Company (Ooredoo Oman) has posted a net profit of RO29.5 million ($76.4 million) for the first nine months of the year as against RO23.1 million ($59.8 million) in the same period of 2013.

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Lifestyle

Microsoft offers wearable fitness device for $199

Microsoft Corp launched a device called "Microsoft Band" that will allow users to monitor their fitness and exercise regime, marking the world's largest software company's debut into the wearable technology market.

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Health & Environment

Saudi Arabia finds six new Mers cases

Saudi Arabia said it had detected six new cases of the deadly Middle East Respiratory Syndrome (Mers) in 24 hours, the biggest daily jump for months with officials blaming lax hospital procedures.

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Media & Promotion

Image Nation to produce more documentaries

Image Nation today revealed plans to create more locally-produced documentaries following the success of ‘As One’, its first factual film premiere at the Abu Dhabi Film Festival.

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Education, HR & Training
Miscellaneous

Agthia nine-month profit up 26pc to $41m

Agthia Group, one of the UAE’s leading food and beverage groups, has reported net profit of Dh151 million ($41 million) for the first nine months of the year, marking a 26 per cent rise driven primarily by higher sales and improved margins.

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