Saturday 25 June 2016

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GLOBAL MARKET IN CHAOS
Britain votes to leave EU, Cameron steps down

Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War Two.

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1

BID TO HANDLE SAND STORM ISSUES
Qatar uses 3D printers to make 'desert-proof' stadiums

Scientists at Qatar University are testing 3D-printed models of football stadiums that Qatar is building for the 2022 World Cup to see if they can endure the country's desert climate.

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2

AVIATION LIBERALISATION
SaudiGulf wins licence for domestic flights

Saudi Arabia has granted SaudiGulf Airlines a licence to operate domestic flights within the kingdom, the first such award in a long-planned liberalisation of the aviation market, state news agency SPA reported.

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3

SPECIAL REPORT
From Edinburgh to Gibraltar, Brexit vote sparks new claims

Within hours of Britons voting to leave the European Union, politicians in Scotland, Ireland and Spain raced on Friday to argue that the historic move bolstered claims over long-disputed parts of British territory.

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4

MONEY MATTERS
World stocks in freefall as UK bids adieu to EU

World stocks headed for one the biggest slumps on record on Friday as a decision by Britain to leave the European Union triggered 8 per cent falls for Europe's biggest bourses and a record plunge for sterling.

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5

NEWS IN PICTURES
Yellow guitar

A custom-made signature yellow guitar used by musician Prince sits on display before its auction next to a gold record award for the late musician in Beverly Hills, California, on June 22.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Anel Mepa wins $66m Doha metro project deal

Turkish-based Anel Mepa has been awarded a 66.5 million building automation and management and heating, ventilation and air conditioning (HVAC) contract for the Red Line of Doha Metro project.

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Retail & Wholesale

UAE’s Four launches spyware-safe smartphone

UAE-born mobile brand Four has launched its latest offering, the K500 smartphone, which is specifically designed to guard against spyware risk by completely removing the camera and GPS.

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Finance & Capital Market

Turkish investors sell over $1bn in forex after Brexit

Turkish local investors sold over $1 billion in forex in profit taking after an initial steep slide in the lira on Friday as Britain's shock vote to exit from the European Union hit emerging market currencies, bankers told Reuters.

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Analysis, Interviews, Opinions

From Edinburgh to Gibraltar, Brexit vote sparks new claims

Within hours of Britons voting to leave the European Union, politicians in Scotland, Ireland and Spain raced on Friday to argue that the historic move bolstered claims over long-disputed parts of British territory.

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Industry, Logistics & Shipping

Jaguar committed to investment decisions after Brexit

Indian automaker Tata Motors Ltd's British luxury arm Jaguar Land Rover will remain committed to all its manufacturing sites and investment decisions, a company spokeswoman said in a statement on Friday.

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Travel, Tourism & Hospitality

Airbus boss urges UK to stay competitive post-Brexit

The head of European aerospace firm Airbus Group said on Friday a decision by UK voters to leave the European Union was a blow to Britain but that he hoped the country would focus on remaining competitive.

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IT & Telecommunications

UAE telecom watchdog launches new iniatitive

The UAE Telecommunications Regulatory Authority (TRA) has launched ‘Erteqa’ a new initiative which aims to increase the level of customer services across the telecoms sector in the country.

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Lifestyle

House of Fraser celebrates Ramadan

House of Fraser, a leading premium department store from the UK, recently celebrated Ramadan at its UAE branch in Abu Dhabi's Yas Mall. The festivities included a fashion show featuring local and international designers.

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Motoring

Asian car makers fret over Brexit uncertainty

Executives at Asian automakers with factories in Britain, largely set up to export to the European Union, say they could slow investments in Britain or pause them for now, after the country voted to leave the 28-nation bloc.

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Health & Environment

Bee’ah rolls out wi-fi bins in Sharjah

Bee’ah, a leading integrated environmental and waste management company, has installed wi-fi supported, solar-powered bins in the Heart of Sharjah, UAE in partnerships with telecom provider Du and investment firm Shurooq.

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Media & Promotion

Vice, Moby to launch digital media in Mideast

Vice Media, a top youth media company and content creation studio and Moby Group, a media and communications group, have partnered to bring Vice’s digital and mobile programming into every major media market in the Mena region.

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Education, HR & Training

Majid Al Futtaim in key women empowerment drive

Majid Al Futtaim, the leading shopping mall and leisure pioneer across Mena, is encouraging regional talents to join its team by demonstrating skill development opportunities and the empowerment of female executives.

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Miscellaneous

UAE dairy firm quits stake sale on valuation mismatch

The owners of National Foods Products Company (NFPC) have abandoned the sale of a majority stake in the Abu Dhabi-based firm after final round bids failed to meet their valuation, sources aware of the matter said.

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