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10-YEAR CONTRACT
Iran to start gas exports to Iraq by July 2014
Iran expects to begin exporting gas to neighbouring Iraq by July next year, with initial volumes at 7 million cubic metres per day, a senior Iranian energy official said on Saturday.
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BIG INFRASTRUCTURE PROJECTS
Dewa ups 2014 budget by $1.8bn from 2013
Dubai Electricity and Water Authority (Dewa) said on Saturday it had increased its budget by Dh6.7 billion ($1.8 billion) for 2014 to pay for projects and purchases.
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$6.3bn OIL ARREARS
Egypt govt pens energy debt payoff deal
Egypt's army-installed government has unveiled a timetable to pay $3 billion of $6.3 billion it owes to foreign oil firms, part of a campaign to revive confidence in an economy hammered by three years of political turmoil.
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SPECIAL REPORT
Smuggling cartels, militants hinder revival of Somali port
Al Qaeda-linked militants, drug smugglers and shadowy criminal networks stand in the way of the Somali federal government's hopes of hiring a foreign firm to manage the lucrative but run-down southern port of Kismayu.
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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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IMAGE OF THE DAY
Sheen shines at Dubai film fest
US actor Martin Sheen arrives at 10th Dubai international film festival, in Dubai on December 6.
Top Trade News
 | Industry Sectors |
House prices hit new peak, led by emerging Asia
Booming housing markets in emerging Asia have pushed residential property prices to a new peak while Dubai topped the global index as house prices there rose more than a quarter over the last 12 months, followed by China, HK and Taiwan.
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Buyers flock to Dubai jewellery show
More and more buyers are flocking to get their hands on some of the best jewellery products in the industry at the 'Dubai International Jewellery Week' as regional consumer confidence returns, said the event organisers.
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Dewa ups 2014 budget by $1.8bn from 2013
Dubai Electricity and Water Authority (Dewa) said on Saturday it had increased its budget by Dh6.7 billion ($1.8 billion) for 2014 to pay for projects and purchases.
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Qatar c.bank plans $1.1bn in bonds, sukuk
Qatar's central bank plans to issue 3 billion riyals ($824 million) worth of local currency government bonds and 1 billion riyals of sukuk next week, it said.
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Smuggling cartels, militants hinder revival of Somali port
Al Qaeda-linked militants, drug smugglers and shadowy criminal networks stand in the way of the Somali federal government's hopes of hiring a foreign firm to manage the lucrative but run-down southern port of Kismayu.
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ADPC to take over UAE port operations
Abu Dhabi Ports Company (ADPC) will be taking over the management and operations at Zayed Port on January 1 from Abu Dhabi Terminals (ADT).
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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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Survey to measure UAE mobile radiation levels
The Telecommunications Regulatory Authority (TRA) has launched a technical survey to measure mobile radiation levels across the UAE with the drive mainly targeted at hospitals, schools, public spaces and residential neighbourhoods.
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US commitment to ME security proven: Hagel
The US has a proven and enduring commitment to Middle East security, backed by diplomatic engagement and a fierce array of warplanes, ships, tanks, artillery and 35,000 troops, Pentagon chief Chuck Hagel told Gulf leaders on Saturday.
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Toyota Corolla launched in the UAE
Following its regional premiere at the Dubai International Motor Show, Toyota has rolled out the all-new Corolla (both with 1.6L and newly introduced 2.0L engine) in the UAE.
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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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WTO overcomes last minute hitch to clinch key deal
The World Trade Organization (WTO) reached its first-ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion
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