Sunday 30 April 2017

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$870m DEAL
Top equity firm CVC buys Swiss watchmaker Breitling

Top equity firm CVC Capital Partners has agreed to buy Breitling, the Swiss watchmaker known for aviation-themed timepieces worn by actor John Travolta, in a deal said to be valued at over 800 million euros ($870 million), said a report.

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1

EXPO 2020 PREPARATIONS
Majid Al Futtaim to build ME's first cinema-themed hotel

UAE-based Majid Al Futtaim, a leading retail and leisure pioneer, has joined hands with Marriott to launch the region’s first cinema-themed hotel concept, featuring cinematic-themed rooms and an outdoor VOX cinema, in Dubai, UAE.

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2

CHINA TOP EXPORTER TO KINGDOM
Bahrain imports hit $2.99bn; exports 1.57bn

The value of imports by Bahrain reached BD1.124 billion ($2.981 billion) during the first quarter of this year, while the value of national origin exports hit BD594 million ($1.575 billion), said a report.

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3

ANALYSIS
Aramco IPO to boost transparency and efficiency

The increased transparency of Saudi Aramco after the public offer will attract higher foreign capital and further boost market confidence in Saudi Arabia, says a new report.

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4

TECHNOLOGY
Where would we be today without wi-fi?

Where would we be today without wi-fi? No more hotspots. No cool internet cafés. Or what would life be like without the microwave? What many of us don’t know, however, is that these two technologies were invented ‘by accident’.

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5

NEWS IN PICTURES
Restless Earth

An installation representing Gibraltar at the art exhibition 'La Terra Inquieta' (Restless Earth) in Milan on April 27. Through the works of 60 artists, the exhibition speaks of the epochal transformations marking the global scenario.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Ancient UAE forts hold secret to 'happier' buildings

UAE architects must draw inspiration from ancient forts and heritage architectural elements to design happier buildings and communities, said a leading Dubai-based architect.

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Retail & Wholesale

Kareena to launch new beauty products line in Dubai

Indian superstar actress and leading fashion and lifestyle icon Kareena Kapoor, will be at Beautyworld Middle East 2017, for the Middle East launch of a line of beauty products.

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Energy, Oil & Gas

Oil demand will continue to grow: Aramco CEO

Oil demand will continue to grow in absolute terms at fairly healthy levels for the foreseeable future driven by the growing global economy and the increase in population, said Amin Nasser, president and CEO, Saudi Aramco.

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Finance & Capital Market

Dubai Islamic Bank unit wins Kenya licence

Dubai Islamic Bank, the largest Shariah compliant lender in the UAE, said its Kenyan subsidiary has been granted licence by the central bank to carry out operations in the east African nation.

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Analysis, Interviews, Opinions

AI ‘will help retail bolster customer rapport’

Artificial intelligence (AI) applications include chat bots, marketing, and supply chain optimization and will help strengthen customer relationships, says a new report by growth partnership firm Frost & Sullivan.

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Industry, Logistics & Shipping

Dow Q1 profit jumps five-fold ahead of merger

Speciality chemicals leader Dow Chemical, which is merging with DuPont, has reported profits of $888 million for the first quarter (Q1) of the year, as against $169 million during Q1 2016, marking an increase of 425 per cent.

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Travel, Tourism & Hospitality

Majid Al Futtaim to build ME's first cinema-themed hotel

UAE-based Majid Al Futtaim, a leading retail and leisure pioneer, has joined hands with Marriott to launch the region’s first cinema-themed hotel concept, featuring cinematic-themed rooms and an outdoor VOX cinema, in Dubai, UAE.

More…
IT & Telecommunications

Saudi Arabia, Mobily unit plan new smart city in Yanbu

Saudi Arabia's Royal Commission of Yanbu, in collaboration with Bayanat Company, a subsidiary of telecom major, Mobily, has announced the launch of the kingdom’s first smart city in Yanbu.

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Lifestyle

Top equity firm CVC buys Swiss watchmaker Breitling

Top equity firm CVC Capital Partners has agreed to buy Breitling, the Swiss watchmaker known for aviation-themed timepieces worn by actor John Travolta, in a deal said to be valued at over 800 million euros ($870 million), said a report.

More…
Motoring

RTA readies Route 2020 project work plan

Dubai's Roads and Transport Authority (RTA) said it will make a traffic diversion on a sector of Ibn Battuta Street to carry out the work related to the Route 2020 Project.

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Health & Environment

Abu Dhabi mall names fitness contest winners

The Mall World Trade Center Abu Dhabi (WTCAD) has revealed the winners of its fitness competition in three categories (Weight Loss, Stronger and Fitter), with the finalists losing a total of 100 kg between them in six weeks.

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Media & Promotion

French launch probe into Qatar, Russia World Cup bids

French prosecutors are investigating the bidding process behind the 2018 and 2022 World Cups, the latest international investigation to target Fifa, the scandal-hit organisation that governs world football, said a report.

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Education, HR & Training

ZonesCorp launches new excellence forum

ZonesCorp, a key developer and operator of purpose-built industrial zones in the UAE, has launched the excellence forum, an initiative in co-ordination with the Office of Abu Dhabi Award program for excellence in government performance.

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Miscellaneous
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