Sept. 05--LINKEDIN TO RAISE $1BN THROUGH SHARE SALE: The world's biggest professional-networking website, LinkedIn Corp has filed to raise about $1bn in a stock sale, after a fivefold surge in its shares since its initial public offering in 2011, Bloomberg has reported. The California-based company last raised money in November 2011 in a $701.5m offering. As in that sale, LinkedIn said the cash will be used for working capital, product development and possibly to make strategic acquisitions or investments.
BLUE RUBICON MAKES MIDEAST FORAY: UK-based communication consultancy Blue Rubicon is to launch its first international venture later this month in Qatar, following its multi-million pound private equity investment last year, PR Week has reported. The agency has been active in the country since 2007, working on strategic communications projects for various governmental departments and organisations including Qatargas and the country's largest foreign investor Shell. "Qatar is a growing economy and society with an ambition to diversify," said director Neil Daugherty.
THREE AL JAZEERA JOURNALISTS DEPORTED BY EGYPT: Three Al Jazeera journalists have been deported by Egypt on Sunday, days after the channel carried appeals from leaders of ousted President Mohammed Mursi's Muslim Brotherhood to stage protests against the army-backed government, AFP has reported. Al Jazeera's offices in Cairo have been closed since July 3, when they were raided by security forces hours after Mursi was toppled, although the Doha-based channel can still be seen in Egypt.
HEALTHWALLACE TO EXPAND IN MENA: HealthWallace, the global digital consultancy of JWT, has decided to expand its operations into the Middle East and North Africa, Campaign ME has reported. The firm will set up new offices in Dubai and Riyadh and will offer strategic services including digital customer experience and strategy, user experience design and visualisation for both web and mobile platforms.
EGYPT BANS AL JAZEERA MUBASHER MISR : Egyptian ministers of investment, telecommunication and information have banned Al Jazeera Mubasher Misr in the country, Ahram has reported. The channel was banned because it does not have legal permission to work in the country, the report said. On August 15, the cabinet asked the three ministries to check the channel's legal status.
WPP RAISES 2013 OUTLOOK AS REVENUE PICKS UP: The world's largest advertising agency, WPP has improved its outlook for the full-year, as it reported a 5 percent rise in like-for-like revenues in July, its strongest monthly rate this year, Reuters has reported. The company said the second half of this year would be stronger than the first six months and it expected like-for-like revenue and growth to now top its previous forecast of over 3 percent. "We are running at 2.8 percent by the end of the seventh month, and if your target is 3 percent or 3 percent plus, you are well positioned for the other five months on the assumption we continue to grow. So I think we feel good," WPP chief executive, Martin Sorrell told the news service.
QATAR'S FIRST SATELLITE TO BROADCAST MORE THAN 100 CHANNELS: Qatar Satellite Co (Es'hailSat) has announced Sohail 1, the country's first satellite is to broadcast more than 30 high definition television (HDTV) and 70 standard definition television (SDTV) channels sometime after its launch, the Peninsula has reported. The satellite, which will be launched tomorrow from European Spaceport in Kourou, French Guiana, will broadcast Qatar TV, Al Jazeera channel, Al Rayyan TV and Al Kass sports channel, among other channels. Services of the new satellite are expected to be available by December, the firm said.