Sunday, July 27, 2014

Nakheel Celebrates Profits

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Finance and economy Tech Energy Real Estate Transport and Tourism Media and Marketing Luxury and Lifestyle
Real Estate
Nakheel celebrate profits rise with announcement of Dhs2.5bn villa complex
Real estate developer Nakheel reveals plans to build Dhs2.5 billion villa complex in Nad al Sheba, Dubai. Spread over 2.5 million square feet, the development will comprise 900 luxury three to five bedroom houses, each boasting a swimming pool. The complex will also house a retail centre, cafes, a sports facility and access to Nakheel's beach facilities at Palm Jumeirah.
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Energy
Bidding for Abu Dhabi's onshore oil fields starts
Bids have been placed by major global energy players for stakes in Abu Dhabi's onshore oil fields, capable of producing 1.6 million barrels per day. Based on previous partnerships, Royal Dutch Shell, BP and Total have already submitted bids to gain a stake, which will be…

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Syria's oil industry posts $21.4bn in losses

Syria's oil minister, Suleiman Abbas has said the country's oil and gas industries have suffered total losses of $21.4bn since the outbreak of the country's war three years ago, AFP has reported. "The circumstances the country is going through have caused considerable losses to the oil and gas sectors," he said.


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Luxury
'Luxury potential high in Dubai'
Karoline Huber, Brand Director, Middle East & India, IWC Schaffhausen, talks heritage, Dubai's Expo drive and choosing the right time to leverage your luxury brand.
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Finance & Economy
Growth and caution at DFM
The Dubai Financial Market General Index (DFMGI) has continued its July surge in style this week, with the 5-day period recording a 7.2 per cent weekly gain, the highest since March. The week was particularly impressive for...
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UAE leads Mena region in 2014 Global Innovation Index
UAE ranks first among countries in the Mena region in The Global Innovation Index 2014, which has been released today (Monday, July 21). This year, the country also moves up two places…

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Aabar's ambiguity hits Arabtec hard
The share prices of Dubai-based construction firm Arabtec took a 10 per cent beating on Sunday morning after trading resumed following suspension last Thursday. The share price suffered a maximum...

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Saudi to open Arab world's largest bourse to foreign investors
Saudi Arabia will allow foreign investors to trade on its $538 billion Tadawul All Share Index by early 2015. In a development which is likely to send shockwaves throughout Middle Eastern stock markets, Saudi's Capital Market Authority will publish...

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Searching for problems?
'Innovation should not be a solution in search of a problem, says a top INSEAD official at the launch of The Global Innovation Index 2014 report yesterday.
"We have seen many inventions that never made it to the market…as there was no demand or a real problem…

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UAE to issue bonds by 2018
The UAE will look to help its banks meet liquidity requirements by issuing Federal Government bonds, possibly by 2018, according to an official at the Finance Ministry. In an attempt to comply with Basel III requirements, UAE banks, such as Emirates NBD and the National Bank of Abu Dhabi, will be…

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