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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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      Turkey eyes $5bn bilateral trade with Qatar

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      Deal signed to set-up first factory in Qatar to assemble electric vehicles

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      Iraq set to award new Faw Port deals

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      Miral’s premier Abu Dhabi waterfront project work on track

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        Investments in renewables in Egypt reach LE6 bn: Official

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        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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        Acwa Power inks finance deals for 900MW Dubai solar park

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          Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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          UAE sends medical aid to Iraq to fight COVID-19

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          UAE launches phase III trial of inactivated Covid vaccine

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          COVID-19 vaccine could be available by autumn: Oxford University

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

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          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                UAE sends medical aid to Iraq to fight COVID-19

                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              The telecom market responds to rapid growth in Dubai

              Oxford Business Group

              April 29, 2013
              in IT & Telecom
              0

              Despite achieving record growth in 2012, telecoms operators in the UAE have seen their profit margins affected by a new royalties program introduced by the federal government. However, surging demand in Dubai for the latest mobile devices, particularly smartphones and tablets, as well as a more diversified range of value-added services, should result in in even greater growth and profitability in the coming years.

              In December 2012 the UAE Ministry of Finance set new royalty provisions for the two telecom operators. Etisalat will now pay 15% on revenues and 35% on profits for the 2012-15 period. Du Telecom, meanwhile, was required to pay 5% on revenues and 17.5% on profits in 2012, but will see its revenue and profit royalties rise incrementally on an annual basis to reach 15% and 30%, respectively, by 2016.

              Growing subscriber and revenue figures should help offset the new levies. Etisalat achieved 8% growth in its number of UAE subscribers, reaching 9m, as well as record growth in 2012 in terms of revenue from its operations throughout the region, reaching Dh32.95bn ($8.97bn) after royalty payments (a 2.2% uptick from 2011). The company recently announced a full 2012 dividend of Dh0.70 ($0.19) per share. Du Telecom also reported a strong performance in 2012, recording net profit of Dh1.98bn ($539m), after royalties, compared to Dh1.1bn ($299.5m) in 2011.

              A major factor in this is increasing demand for sophisticated mobile devices and the services they offer consumers. Peter Sondergaard, senior vice-president and global head of research at Gartner, an information technology research and advisory firm, told The National, “The growth rate in the Middle East is higher than the global average. There is a high level of spending on consumer-based technology and on subscription-based services for mobile voice and data. That is essentially what is driving the market.”

              Indeed, the local market is increasingly interested in the latest offerings. “Even recently, I can recall Dubai having to wait several months for the arrival of some of the latest devices, but Dubai is fast becoming one of the leading markets for smartphones,” Neelesh Bhatnagar, CEO of eMax, an electronics retailer, told OBG.

              The impact for electronics retailers has been positive. Deepak Babani, CEO of Eros Group, told OBG, “The 18-35-year-old demographic is the most active in smartphone sales. Having the latest mobile phone is a lifestyle statement, and this segment is notorious for selling their current devices, sometimes at quite a loss, to fund their next purchase.”

              More than ever in this competitive marketplace retailers must keep up with customers and rapidly develop product offerings. “Telecom providers are under pressure to diversify their revenue, move up in the value chain, shift towards new business and consumer life/work style scenarios and create demand for new experiences and revenue sources, as their conventional returns are not sustainable. The opportunities are truly immense in the world of devices and services,” Samer Abu Ltaif, the general manager of Microsoft for the Gulf region, told OBG.

              One example of a shift in this regard is in voice over internet protocol (VoIP), or internet telephony, which has faced opposition in the Middle East. The UAE may be moving forward, however, with the launch of Etisalat’s Five, a VoIP calling card that provides discounted international rates, while Du and Blackberry work towards a potential agreement for mobile VoIP and internet-based video services.

              Though telecoms operators in Dubai are facing heavier levies, the demand and content for mobile data services for communication, media, and other services is providing opportunities for growth. The challenge for providers now is not only to produce strong revenues but also determine how they can play a more lucrative and active role in the value-chain rather than simply providing the conduit on which others base their products and innovations.
              Oxford Business Group
              29 April

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