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FOOD PRICES DOWN
Kuwait inflation plunges to nine-year low
Kuwait's annual inflation rate fell to a modest 2.7 per cent in October - its lowest in nine years, despite robust consumer spending and some improvement in business sentiment, said a report.
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MILITARY ACTION 'IF DEAL FAILS'
Obama defends Iran deal, seeks to assure Israel
President Barack Obama has defended the interim deal with Iran to curb its nuclear program and, seeking to reassure Israel, pledged to step up sanctions or prepare for a potential military strike if Tehran fails to abide by the pact.
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HUNT ON FOR NEW BUYERS
Libya lost $7bn to oil strikes, says minister
Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, revealed Oil Minister Abdelbari al-Arusi.
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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
Arabs Got Talent
Members of the Syrian Sima dance group (in white shirts) react after they were announced winner of the Season 3 finale of "Arabs Got Talent" in Zouk Mosbeh area, north of Beirut on December 7.
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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Gitanjali group unveils diamond collection
Gitanjali Group, a leading diamond and jewellery manufacturer - retailer has teamed up with top luxury retailer Paris Gallery to launch its Nakshatra jewellery collection in Dubai.
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Libya lost $7bn to oil strikes, says minister
Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, revealed Oil Minister Abdelbari al-Arusi.
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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.
More…
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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Jumeirah inks Oman luxury resort deal
Jumeirah Group, the global hotel company and a member of Dubai Holding, has signed a management agreement with Saraya Bandar Jissah SAOH to operate a luxury resort in Muscat, Oman.
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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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Oman pulls out of Gulf Union plans
Oman will not be part of the proposed Gulf Union as there are other important issues for the Sultanate that needed to be addressed, said its Foreign Affairs Minister Yusuf bin Alawi bin Abdulla at a key security summit in Bahrain.
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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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