Wednesday 17 September 2014

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PROFITS SEEN UP 17pc
Saudi corporate earnings growth set to jump

The combined net profits of Saudi Arabia's leading companies are expected to rise 17 per cent in 2014 and a further 11 per cent in 2015, largely on the back of petrochemical producers and banks.

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1

SAUDI CLAIMS 10th RANK
UAE tops world in billionaire wealth growth

Billionaire wealth in the UAE surged to $132 billion in 2014 from $45 billion last year, marking a worldwide record increase of 193 per cent, a report said.

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2

STAND-OFF ENDS
Qatar Airways takes delivery of its first A380

Qatar Airways has taken delivery of its first Airbus A380 superjumbo, ending a three-month standoff with the planemaker over the quality of its cabin fittings.

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3

INTERVIEW
Power cuts ‘biggest hurdle to investment in Egypt’

Power cuts dogging Egypt have become the biggest obstacle to luring back foreign investment after three years of political upheaval, the country's investment minister said on Tuesday.

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4

New global plans aim to crack down on tax avoidance by firms

Plans for a major rewriting of international tax rules unveiled on Tuesday could eliminate structures that have allowed companies like Google and Amazon.com to shave billions of dollars off their tax bills.

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5

IMAGE OF THE DAY
Lara, Scottish beauty in Bahrain

West Indies cricket legend Brian Lara was in Bahrain last week with his friend Jamey Bowers, the current holder of the Miss Scotland title. They stayed at the Best Western Hawar Resort Hotel for two days.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

L&T wins Saudi Arabia power project

Leading Indian construction conglomerate Larsen & Toubro (L&T) said it has won a contract from Saudi Electricity Company for setting up a high-voltage double circuit transmission line in eastern Saudi Arabia.

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Retail & Wholesale

IPhone 6 ‘best smartphone ever made’

The iPhone 6 is the best smartphone available or "ever made", most reviewers say, noting that Apple has finally realized that and given iPhone users a product that may be low on novelty but high on improvements.

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Energy, Oil & Gas

Petchem firms boost Saudi corporate earnings; 17pc growth seen

The combined net profits of Saudi Arabia's leading companies are expected to rise 17 per cent in 2014 and a further 11 per cent in 2015, largely on the back of petrochemical producers and banks.

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Analysis, Interviews, Opinions

Power cuts ‘biggest hurdle to investment in Egypt’

Power cuts dogging Egypt have become the biggest obstacle to luring back foreign investment after three years of political upheaval, the country's investment minister said on Tuesday.

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Industry, Logistics & Shipping

Lockheed Martin, AEC to set up sniper pod facility in Saudi Arabia

US-based Lockheed Martin and Saudi Arabia's Advanced Electronics Company (AEC) will establish a Sniper Advanced Targeting Pod (ATP) expanded repair capability facility in the kingdom.

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Travel, Tourism & Hospitality

Qatar Airways takes delivery of its first A380

Qatar Airways has taken delivery of its first Airbus A380 superjumbo, ending a three-month standoff with the planemaker over the quality of its cabin fittings.

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IT & Telecommunications

Zain Bahrain extends IPO subscription period

Zain Bahrain, a leading telecom company in the kingdom, has extended the subscription period for its initial public offering (IPO) until the end of this month.

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Health & Environment
Education, HR & Training

Bahrain starts work on massive school project

Bahrain education ministry has started work on a major school project, which will come up on 19.993 million sq m area in the Southern Governorate of the kingdom.

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Miscellaneous

Growing seafood consumption in GCC in focus

The GCC’s rising per capita seafood consumption will come under the microscope at a top Dubai event, where a host of regional and international aquaculture companies will showcase the latest technologies.

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