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CAPACITY UP 14pc
Mideast airlines top global traffic growth in Oct
Middle East carriers reported the strongest year-over-year traffic growth in October at 14 per cent, benefiting from strong demand for business-related premium travel, particularly to developing markets such as Africa, a report said.
1
'WE LOST A FATHER'
NELSON MANDELA HAS DIED
South African anti-apartheid hero Nelson Mandela died peacefully at home at the age of 95 on Thursday after months fighting a lung infection, leaving his nation and the world in mourning for a man revered as a moral giant.
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BUDGET BASED ON $85 OIL
Oman fiscal surplus widens to $1.4bn
Oman's government budget surplus widened to 543.9 million rials ($1.4 billion) at the end of October from 339.9 million rials seen in the first nine months of 2013, data showed on Thursday.
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INTERVIEW
Iran wants oil majors to revive ageing oilfields
Iran's leading oil negotiator says Tehran wants Western oil companies to revive its giant ageing oilfields and develop new oil and gas projects once sanctions are lifted.
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HEALTH
Study questions whether vitamin D checks disease
Researchers cast doubt on the prevailing wisdom that vitamin D supplements can prevent conditions like cancer, diabetes and heart disease, saying on Friday low vitamin D may be a consequence, not a cause, of ill health.
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IMAGE OF THE DAY
Chick love
An Andean baby condor chick named Raiman Noe nuzzles up to a latex puppet that is a surrogate adult Condor bird at the Buenos Aires Zoo on December 5. The puppet is designed to prevent the baby bird from becoming attached to humans.
Top Trade News
 | Industry Sectors |
New mortgage rules to drive UAE property boom
The new property mortgage cap set by the UAE Central Bank will help deliver more stability to the property market but further steps must be taken to curb the negative impacts of speculation, said an industry expert.
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Al Meera opens first 24/7 mall in Qatar
Al Meera, a leading retail chain in Qatar, has opened its first 24/7 supermarket at Doha in bid to offer a unique shopping experience to the customers.
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Egypt signs oil exploration deals with foreign firms
Egypt has signed oil and gas exploration agreements with Apache Corporation, Royal Dutch Shell and GDF Suez, the Egyptian state news agency reported.
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Bahrain mulls solvency rules for Takaful industry
Bahrain's central bank has drafted enhanced framework for Takaful and Retakaful industry aimed at strengthening the solvency position of the firms and safeguarding the interest of all stakeholders.
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Anarchy at door, West starts to rebuild Libyan army
With Libya's army still in the making, Western powers are keen to halt chaos in the key European oil supplier and stop illicit arms spilling across North Africa.
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OICT installs nextgen cranes at Sohar Port
Oman International Container Terminal (OICT) supervised the delivery and installation of three quayside container gantry cranes that arrived at Sohar Port and Freezone last week.
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Mideast airlines top global traffic growth in Oct
Middle East carriers reported the strongest year-over-year traffic growth in October at 14 per cent, benefiting from strong demand for business-related premium travel, particularly to developing markets such as Africa, a report said.
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Zain Bahrain on track to launch new network
Zain Bahrain has announced it has completed a key step paving the way for the launch of its new network by the first quarter of next year.
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Postal rates rise 300pc in Bahrain
Postal charges in Bahrain have increased by 300 per cent, a report said.
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Drive Dubai to open 2 new branches
Drive Dubai, a subsidiary of Masharie – the private equity arm of Dubai Investments and one of the biggest driving centres in the Emirate, plans to open two new branches at Logistics City (Dubai World Central) and Dubai Motor City.
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Arabtec inks $1.2bn UAE hospital contract
A consortium, including Dubai-based builder Arabtec Construction has won a contract from Abu Dhabi General Services (Musanada) for a new Dh4.4 billion ($1.2 billion) hospital project in Alain.
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Dubai set for star-studded charity event
Several leading international celebrities including actress Eva Longoria and Grammy Award winner, Ricky Martin will be in Dubai next week for the first edition of 'The Global Gift Gala,' a novel fundraising initiative.
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EU equity buys Cambridge Education for $304m
European private equity firm Bridgepoint has agreed to buy pre-university training provider Cambridge Education Group (CEG) from Palamon Capital Partners in a deal worth 185 million pounds ($304 million).
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UAE food expo nets $544m deals
The fourth edition of SIAL Middle East, the region’s fastest growing professional business platform for the food, drink and hospitality industries, resulted in business deals worth $544 million.
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