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Bahrain to meet investors ahead of sovereign bond (The Peninsula - 29/08/2014)

Bahrain has chosen four banks to arrange investor meetings before a potential long-dated sovereign bond issue, said a document on Tuesday from lead managers for the kingdom’s first debt issue in over a year. The kingdom hopes to benefit from historically

Two energy deals in the pipeline between UAE and Mexico (The National - 29/08/2014)

In a sign of deepening commercial and diplomatic ties, Mexico and the UAE expect to sign at least two major energy deals to coincide with the mid-December state visit by Enrique Peña Nieto, the first-ever visit to the UAE by a Mexican president. Mexico,

Drydocks to participate in SMM in Hamburg (The Gulf Today - 29/08/2014)

Drydocks World, the leading provider of maritime and offshore services to the shipping, oil, gas, and energy sectors, will participate in the prestigious 26th edition of Shipbuilding, Machinery, and Marine Technology (SMM) Exhibition, from Sept.9-12.

QE index dropped 333.04 points last week (The Peninsula - 29/08/2014)

Qatari stocks fell last week with the main index of Qatar Exchange (QE) dropping 333.04 points to 13,443.16 points yesterday, the last day of trading in the week. The drop was 2.42 percent. The trading value, however, rose 11.59 percent to QR4.86bn as

Dhs6m retail store re-launched in Dubai (The Gulf Today - 29/08/2014)

Azizia Panda United (APU) has re-launched its Dhs6 million HyperPanda store in Dubai Festival City on Thursday. The new store was inaugurated by Muwaffaq M Jamal, CEO and board member of Azizia Panda United after an extensive work of upgradation and

Saudi stock market shows sign of overheating ahead (The National - 29/08/2014)

Saudi Arabia’s equity rally is showing signs of overheating as the government moves towards opening the stock market to foreign investors. The kingdom could experience its own version of the retail investor-led buying frenzy that preceded the admission

Gulf Marine Services profits increase (Gulf News - 29/08/2014)

Gulf Marine Services, the Abu Dhabi-based operator of self-propelled self-elevating marine barges for use in the offshore oil industry, on Thursday announced a strong first half net profit jump of 17 per cent over the same period last year. The company

New contact centre opens for Etihad’s guests (WAM - 29/08/2014)

Etihad Airways, the national airline of the United Arab Emirates (UAE), has completed the final phase in the development of its Al Ain contact centre facility, with the opening of a second contact centre, bringing to three the number of centres within

DSC development in Dubai set to launch major retail expansion (The Gulf Today - 29/08/2014)

The $4 billion Dubai Sports City (DSC) development in Dubai is set for a major retail expansion, its chief financial officer said. Vijay Sajjanhar said the current focus is firmly on developing the retail side of the 50 million sq ft site in Dubailand

Dubai reinforces diversity of foreign trade (WAM - 29/08/2014)

Dubai has cemented its position as a regional and global trading hub, as the world’s trust in the emirate’s potentials is leveraged in view of the highly developed infrastructure and efficient logistics and customs facilitations placed at the service of

QSE index knocks off 3.09% on severe profit-booking (Gulf Times - 29/08/2014)

Severe profit-booking yesterday gripped the Qatar Stock Exchange, which led to a huge 428 points plunge and a whopping QR17bn in capitalisation being wiped off. Net selling pressure from local retail and institutions led the 20-stock Qatar Index (based

Qantas confident of second half profit after posting A$2.84bn loss (The National - 29/08/2014)

Qantas yesterday insisted that the worst of its financial woes are behind it and that it will post an underlying profit for the second half of the year, despite unveiling an A$2.84 billion (Dh9.76bn) annual loss. The Australian airline, which signed a

Top 10 investment banks’ revenue falls 5% in first half (Reuters - 29/08/2014)

Revenue at the world’s 10 largest investment banks fell 5 per cent in the first half of the year, as continued weakness in fixed income trading departments outweighed a strong rebound in advisory services on deals, new data showed on Thursday. Total

Global port operator DP World beats forecasts with profits 42% higher (The National - 29/08/2014)

Booming global trade, especially in Asia, helped DP World, the UAE’s global ports operator, to report a 42 per cent increase in profits at the halfway stage, ahead of most experts’ expectations. With some signs of recovery in European business, DPW made

Australian dollar flat ahead of Q2 capex data, yen weaker ( - 28/08/2014)

The Australian dollar held flat and the Japanese yen weakened slightly in Asia on Thursday with the focus on data out of Sydeny on the spending plans of private firms, particularly mining. Australia's second quarter private new capex (capital

Dollar Hits 12-Month High Versus Euro, S&P 500 Crosses 2000 (Forex News - 28/08/2014)

Where were the balloons? The S&P 500 marked yet another milestone in its line of records by closing above the 2,000-mark for the first time. Yet, the same doubts over conviction behind this speculative benchmark’s bull run were plainly showing through.

Forex - EUR/USD edges higher, eyes on U.S. data ( - 28/08/2014)

The euro edged up against the U.S. dollar on Thursday, but still remained within close distance of an 11-month trough as expectations for fresh easing measures by the European Central Bank continued to weigh, while markets eyed U.S. data to be released

Sukuk Drought Poised to End on First-Time Sales (Bloomberg - 28/08/2014)

First-time sellers of bonds that adhere to Islam’s ban on interest are poised to revive an industry suffering its worst quarter in more than four years. Luxembourg and Hong Kong aim to market debut offerings of sukuk next month, while Kenya, South

Saudi Arabia's oil usage tops economic growth (Trade Arabia - 28/08/2014)

Saudi Arabia’s annual rate of energy consumption has grown to an average of 3.8 million oil barrels per day, marking an increase of more than 5 per cent while the economic growth rate reached 4 per cent, a report said. The rate of consumption will reach

Saudi crude exports fall in June as domestic demand rises (Gulf News - 28/08/2014)

Saudi crude exports fell in June to their lowest levels in almost three years as oil use in the country’s power sector rose and local refineries processed high volumes, official data showed. The top oil exporter and Opec heavyweight exported 6.946

Saudi hydrocarbon sector outlook dim (Saudi Gazette - 28/08/2014)

The outlook for Saudi Arabia’s hydrocarbon sector turned bleak in the third quarter of this year, the National Commercial Bank said in its “Saudi Arabia Business Optimism Index – Q3 2014” report released Wednesday. The Composite BOI for the hydrocarbon

26pc improvement in Port of Salalah container productivity (Oman Daily Observer - 28/08/2014)

Port of Salalah has enhanced its berth productivity levels to rank 15th globally and match top container ports in the world according to the independent research firm Journal of Commerce (JOC) which has produced the 2013 Port Productivity report for the

Workshops for ship owners to implement safety rules (The Gulf Today - 28/08/2014)

Emirates Classification Society (Tasneef), under the patronage of the National Transport Authority (NTA), has recently arranged workshops to raise awareness regarding the implementation of Cabinet Resolution No.29 of 2013 regarding safety regulations for

China becomes Dubai’s top trade partner in H1 (Saudi Gazette - 28/08/2014)

Dubai’s foreign trade in the first six months of 2014 fell 3.7 percent to AED654 billion from AED679 billion in the same last year. The emirate’s foreign trade in 2013 totaled AED1.392 trillion. Imports during the first half of the year reached AED408

More Etihad Airways flights on sale (Gulf News - 28/08/2014)

Etihad Airways confirmed it will start Airbus A380 and Boeing 787-9 Dreamliner operations in December this year, with additional flights on sale this week for both aircraft and an extensive pilot training programme now under way. During its first year of

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