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Sep 16, 2014

Davis Cup to remain annual event: ITF chief

DUBAI (Reuters) – The Davis Cup will remain an annual tournament despite persistent complaints from some players that it over-burdens an already-crowded schedule, the head of the sport’s governing body said on Tuesday.

Roger Federer was roared on by a capacity 18,000 crowd on Sunday as he helped Switzerland beat Italy to reach the final of the top team event in men’s tennis for the first time since 1992.

Sep 16, 2014

Tennis-Davis Cup to remain annual event -ITF chief

DUBAI, Sept 16 (Reuters) – The Davis Cup will remain an annual tournament despite persistent complaints from some players that it over-burdens an already-crowded schedule, the head of the sport’s governing body said on Tuesday.

Roger Federer was roared on by a capacity 18,000 crowd on Sunday as he helped Switzerland beat Italy to reach the final of the top team event in men’s tennis for the first time since 1992.

Sep 15, 2014

Soccer-Gulf heavyweights clash for place in ACL final

DUBAI, Sept 15 (Reuters) – The Gulf’s deadliest striker comes up against one of its most miserly defences when Saudi Arabia’s Al Hilal host Emirati club Al Ain in the first leg of their Asian Champions League semi-final in Riyadh on Tuesday.

A sell-out crowd of 67,000 is expected at King Fahd Stadium for a match that will help decide who plays South Korea’s FC Seoul or Australia’s Western Sydney Wanderers in a two-legged final starting next month.

Sep 14, 2014

Dubai’s Emaar looks to raise $1.58 bln from malls unit’s IPO

DUBAI, Sept 14 (Reuters) – Dubai’s Emaar Properties
is seeking to raise as much as 5.8 billion dirhams
($1.58 billion) from an initial public offer of shares in its
shopping malls unit that is expected to be the Gulf’s biggest
stock sale since 2008.

The planned listing of Emaar Malls Group (EMG) underlines
Dubai’s recovery from its financial crisis, which erupted in
2009, and is expected to pave the way for other companies to
list on the emirate’s stock markets after a drought of IPOs.

Sep 11, 2014

Egypt tourist numbers to rise 5-10 pct in 2014 -minister

DUBAI, Sept 11 (Reuters) – Egypt’s tourists should increase
by 5 to 10 percent this year as security improves after the
election of ex-army chief Fattah al-Sisi as president, the
tourism minister said on Thursday.

Tourists are starting to return after more than three years
of turmoil drove them away, Hisham Zazou, minister of tourism,
told Reuters by telephone.

Sep 9, 2014

Afghan telecom income falls as U.S. army, middle class leave

DUBAI, Sept 9 (Reuters) – Afghanistan’s telecom sector
revenue fell by 12-13 percent last year and will drop another 5
percent in 2014 as foreign troops and middle-class Afghans leave
the country, its leading telecoms firm Roshan said on Tuesday.

A decline in income from the sector, which had boosted
economic growth and attracted foreign telecoms firms such as
South Africa’s MTN and UAE’s Etisalat, puts
pressure on efforts to rebuild the country’s infrastructure
after years of war.

Sep 8, 2014

Battersea Power Station firm aims to secure new financing by end Oct -CEO

DUBAI, Sept 8 (Reuters) – The firm behind the redevelopment
of London’s Battersea Power Station is on track for its next
multi-million pound fundraising, a senior executive said, seeing
strong demand for space at the site where construction plans
have repeatedly foundered in recent years.

Battersea Power Station Development Co, which has begun a 10
billion pound ($16.2 billion) regeneration of the site on
London’s south bank, aims to finalise another round of financing
by the end of October, its chief Rob Tincknell said on Monday.

Sep 8, 2014

Battersea Power Station company to secure new financing by end October-CEO

DUBAI, Sept 8 (Reuters) – The firm behind the redevelopment
of London’s Battersea Power Station is on track for its next
multi-million pound fundraising, a senior executive said, seeing
strong demand for space at the site where construction plans
have repeatedly foundered in recent years.

Battersea Power Station Development Co, which has begun a 10
billion pounds ($16.2 billion) regeneration of the site on
London’s south bank, aims to finalise another round of financing
by the end of October, its chief Rob Tincknell said on Monday.

Sep 4, 2014

South Africa’s MTN in Nigeria mobile tower venture with IHS

DUBAI, Sept 4 (Reuters) – South Africa’s MTN has
agreed to form a joint venture with specialist tower company IHS
that will own and operate MTN’s 9,151 transmitter towers in
Nigeria, IHS said on Thursday.

The deal is expected to close in the fourth quarter, subject
to regulatory approvals, IHS said in a statement.

Sep 3, 2014

Zain Iraq says still plans listing despite conflict

DUBAI, Sept 3 (Reuters) – Mobile operator Zain Iraq still
wants to list its shares more than three years after missing a
deadline, parent Zain said on Wednesday, although fund
managers warned violence in the country and weak market
infrastructure could deter investors.

Iraq’s three mobile operators – Zain Iraq, Ooredoo
unit Asiacell and Orange affiliate Korek -
were each required to float a quarter of their shares and list
on the Iraq Stock Exchange (ISX) by August 2011, under the terms
of their network licences.