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

DNO hits 100,000 barrels a day milestone at Iraqi Kurdistan's Tawke Field

IRAQ. Oil production from the field has averaged over 100,000 barrels a day during the previous 72 hours as the Company conducts well and pipeline deliverability tests following its 2012 drilling program and facilities upgrades.

• UAE's non-oil producing private sector output levels and rate of job creation rise, reveals HSBC UAE PMI survey
• London attack 'beyond belief'
• Dubai, Qatar deserve MSCI upgrade, says investment firm

Majid Al Futtaim proposed subordinated perpetual notes assigned 'BB+' issue rating

UAE. "We assess the proposed hybrid capital securities as having intermediate equity content, under our criteria," said Standard & Poor's Ratings Services.

• Mashreq launches new version of mobile banking application
• Ketchum celebrates 90 years of leadership in communications
• DNO hits 100,000 barrels a day milestone at Iraqi Kurdistan's Tawke Field