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Daily brief: Top 7 business stories October 20, 2016

Here are the top 7 business headlines you don’t want to miss out on today.

Saudi Arabia launches $17.5 billion bond sale

The Kingdom of Saudi Arabia launched what is arguably the biggest emerging market debt issue, with a $17.5 billion bond sale to global investors.

Thuraya, Ooredoo Maldives sign deal

UAE-based satellite service operator, Thuraya, and Ooredoo Maldives signed an agreement to supply resorts and fisheries with mobile satellite products and services over the Thuraya satellite network.

Sheikh Mohammed on mission to preserve national heritage

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, launched a campaign titled “Let’s Preserve the Legacy.”

The national campaign was launched in light of the recent opening of the Etihad Museum for national heritage, which aims to preserve national legacy. His Highness has extended an open invitation to the community to share historic documents or items and to contribute to the museum.

Malaysia Airlines may rent out A380s for pilgrim flights

Malaysia Airlines might be renting out its A380 superjumbos to religious travel groups for Hajj and Umrah trips, the airline’s CEO Peter Bellew told Reuters.

Egypt to set profit margins for sales of basic goods

Egypt formed a cabinet-level committee tasked with determining the profit that can be made from selling essential goods. The committee will only set profit margins and not prices, the country’s Prime Minister Sherif Ismail said, according to Reuters.

 Is KSA eyeing German blue-chips?

Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, is eyeing German blue-chip companies as part of its expansion strategy, a PIF board member told German daily Handelsbatt.

Google TV next?

Google reached an agreement with CBS Group to carry it on Google’s planned web TV service and is already in talks with 21st Century Fox, Walt Disney and Viacom to distribute their channels, sources familiar with the topic told Reuters.