UAE's non-oil producing private sector output levels and rate of job creation rise, reveals HSBC UAE PMI survey

UAE. While new orders continued to rise sharply, the rate of increase eased to the slowest in a year. Meanwhile, employment levels rose at the fastest pace in two years.

• Mobile advertising set for significant growth in MENA region
• Egypt's reliance on central bank funding may add to inflationary pressures
• Continued strong public spending expected to support non-oil growth in many oil producing countries

Gerhard Schubert: Equities - The great rotation

UAE. Stock market indices racing ahead but GDP figures do not support the euphoria and commodity outflows fuel the rally; Is there too much liquidity in the banking system?

• Majid Al Futtaim acquires full ownership of regional Carrefour franchise
• Singer and composer Georges Moustaki dies at 79
• Audit quality - It's not (only) about the auditor

Over 90% of passwords vulnerable to hacking in the Middle East

UAE. Experts address information security issues at Gulf Information Security Expo and Conference; Kevin Mitnick, hacker turned international cyber security guru, to deliver keynote address on the threat hackers pose to corporate security.

• IFF to present collection of new fragrance developed specifically for the Middle East
• Blue Coat to acquire Solera Networks
• Majid Al Futtaim proposed subordinated perpetual notes assigned 'BB+' issue rating