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The Mongol Tower and WOO City developments will be highlighted at Cityscape Global as part of Nikken Sekkei’s extensive showcase of global design projects.
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The Mongol Tower and WOO City developments will be highlighted at Cityscape Global as part of Nikken Sekkei’s extensive showcase of global design projects
Analysts have already pointed fingers at the dollar for the decline in prices of commodities like precious metals, corn and oil in recent weeks.
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That marks the dollar’s longest rally since the index was created in 1973 - and could pose significant headwinds to dollar-sensitive sectors of the market.

September 18, 2014

Newswire reports suggest that Goldman Sachs’ issue of a five-year $500 million Sukuk was some 3x oversubscribed with orders of around $1.5 billion.
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The US investment bank appears to have learned from the fiasco of its first attempt to market a Sukuk in 2011.
Buying a home is a dream for many, however the financial commitment can be daunting (Shutterstock).
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That “dream” home can quickly turn into a nightmare if you’re constantly struggling to make payments on it.
The banking industry may be in worse shape than many think. On Tuesday Twitter user @fuatavni revealed the names of eight banks that he maintains are in financial difficulties.
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“You can't run a mill with a bucket of water,” Erdoğan said.

September 17, 2014

Asia and Turkey will also remain the most important trade partners of the UAE in terms of imports.
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The UAE is likely to remain top export destination for India till 2030, and China is forecast to emerge as the second largest export market, displacing the US.
 This time round, in contrast to previous bouts of weakness in the shekel in recent times, it looks as though the trend is here to stay for a while.
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"The economy is slowing down sharply," Carmeli warns, "and when you combine this with the fact that Israel is part of the global picture, it's likely that the shekel will continue to weaken."
Almost two-thirds (65 per cent) of wealthy individuals in the UAE identified strong economic security and opportunity as the key factor behind their decision to reside within the country over the next five years
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Among the UAE HNWIs the report referenced a strong leaning towards religion, ethnicity, extended family and local community leading as being key drivers of their sense of nation.

September 16, 2014

Technology will play a critical role in the implementation of these projects.
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This makes the kingdom the Middle East’s largest megaproject market by a wide margin,
This year’s conference will see some 200 fund managers from 117 institutions in Europe, the US, the Middle East and Africa obtain first-hand insights during three days of face-to-face meetings with C-suite executives from top listed MENA companies.
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The debate about the resurgence of the MENA region will take centre stage today at the Emirates Stadium as institutional investors from 27 countries with aggregate assets under management in excess of $8 trillion come togehther.

September 15, 2014

 Female workforce participation stands at an estimate of just 24% in the Middle East, but the region’s women are proving their worth.
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Forbes Middle East has unveiled its coveted 2014 ranking of The 200 Most Powerful Arab Women.
There is irony in the very title of the spot-on prediction made by Freedom House, which issued a comprehensive report: “The Struggle for Turkey's Internet.
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Only a week after hosting the ninth Internet Governance Forum (IGF), Ankara struck back at criticism of government Internet policies with full force.
The much-anticipated Apple Watch was finally unveiled last week, and IDC believes it addresses many of the concerns that had been troubling the segment
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Apple realises that a one-size-fits-all formula will not succeed in the watch segment, and with this in mind, the Apple Watch is extremely customisable,
So far, two of the 80 companies that have agreed to invest in the Red Sea area are from China, he said.
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A Saudi plan to create an industrial city in the desert, an idea borrowed from China, is now wooing Chinese investors to set up plants there.
Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.
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They are treading a fine line, having to reconcile the fact that their businesses mostly depend on conventional banking practices - interest payments, and to some degree monetary speculation - which Islamic principles forbid.