Friday 19 September 2014

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MARKETS BOUNCE
Scotland rejects independence, UK remains intact

Investors in British financial assets breathed a sigh of relief on Friday, spared a prolonged and unprecedented degree of uncertainty from the United Kingdom splitting apart after Scotland voted against independence.

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1

REVENUE GROWS 25pc
Etihad to raise $2bn to fund stake buys, aircraft

Abu Dhabi's Etihad Airways is on track to raise about $2 billion in loans this year to fund its equity investments around the world and aircraft purchases, its chief financial officer said.

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2

'REGION MUST TRUST ITSELF'
Dubai, Doha can host Olympics, says OCA chief

Doha and Dubai are capable of hosting the Middle East's first Olympic Games and the region would have to trust itself to deliver a great event in the face of doubt and criticism, the president of the Olympic Council of Asia has said.

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3

TECHNOLOGY
Virtual meets real in Media-Saturn's new store

Europe's top electronics retailer Media-Saturn unveiled a new store with access to more products via a giant video wall and a drive-in collection point for online orders, aiming to better link online and offline shopping and fight back against internet sp

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4

SPECIAL REPORT
Telecom towers on track to hit 5m worldwide

The number of telecom towers built across the world will rise by one million to hit the 5-million milestone by 2020, a report said.

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5

IMAGE OF THE DAY
Million-dollar brooch

A model shows a 26.27-carat fancy brown-yellow diamond, diamond and conch pearl "Ballerina Butterfly" brooch during a Sotheby's preview in Hong Kong on September 18. The item is expected to fetch between up to $950,000 at the sale on Oct 7.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Saudis are top GCC investors in Dubai property

Saudi Arabians were the leading GCC investors in property in Dubai, UAE, in the first half of 2014 with investments worth Dh3.4 billion ($925.5 million), according to a report from global property consultancy Frank Knight.

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Retail & Wholesale

UAE retail sector on path to hit 33pc growth

The UAE retail sector is expected to grow over 33 per cent by 2015, a report said, adding that the growth is attracting investment into other GCC countries, including Saudi Arabia, Kuwait and Oman, and to a smaller extent Qatar and Bahrain.

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Energy, Oil & Gas

Oil market ‘long term fundamentals robust’

Long term oil market fundamentals are robust and short-term price moves have little meaning for Saudi Arabia, the kingdom's deputy oil minister, Prince Abdulaziz Bin Salman Bin Abdulaziz, was quoted as saying by the Saudi Press Agency.

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Finance & Capital Market

Emaar shareholders to get shares in malls IPO

Dubai's Emaar Properties said that its existing shareholders will be allocated one share in its malls unit initial public offering (IPO) for every 36 held in the parent firm.

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Industry, Logistics & Shipping
Travel, Tourism & Hospitality

Dubai, Doha can host Olympics, says OCA chief

Doha and Dubai are capable of hosting the Middle East's first Olympic Games and the region would have to trust itself to deliver a great event in the face of doubt and criticism, the president of the Olympic Council of Asia has said.

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IT & Telecommunications

Alcatel-Lucent to showcase innovations at Gitex

Alcatel-Lucent Enterprise will demonstrate its growing success in the Middle East and commitment to technology innovation through its participation at the Gulf Information Technology Exhibition (Gitex) Technology Week 2014, Dubai, UAE, next month.

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Media & Promotion

‘Big Boys Toys’ to showcase luxury lifestyle products

This year’s Big Boys Toys 2014 in Dubai, UAE, will showcase a rare collection of the flashiest and luxuriously extravagant lifestyle products from around the world next month.

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Education, HR & Training

Six projects win Wise awards

The World Innovation Summit for Education (Wise), since 2009 the Wise Awards has identified and promoted some of the most effective practices in tackling urgent global education challenges.

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