Sunday 2 August 2015
 
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Apple, BMW in courtship with eye on car tie-up

BMW and Apple may rekindle a courtship put on hold after an exploratory visit by executives of the world's top maker of electronic gadgets to the headquarters of the word's biggest seller of premium cars. Apple chief executive Tim Cook went to BMW's headquarters last

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US oil storage becomes big business

Commercial crude stocks across the United States rose by 105 million barrels early this year to peak at 490 million barrels, the highest level in eight decades. Despite some draw downs in recent weeks, which have reduced inventories to 460 million barrels, stocks are still 92 mil

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Iran on the cusp of big boost in automotive market

Iran automotive market is set for a major boost as customers wait for foreign manufacturers to launch operations in about six months’ time when the country will be  business-ready following the deal with world powers, a report said. Within this timeframe, the US Congre

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Middle East funds turn negative as oil drops again

Middle East fund managers have on balance turned negative towards the region and especially its biggest equity market, Saudi Arabia, after oil prices gave up most of the gains made in the last six months, a report said. The monthly Reuters survey of 15 leading investment firms, c

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Oil: Need to scale back production?

There's red ink everywhere this week as commodities crash to levels unseen in 13 years, spooked by fears of a US rate hike and a Chinese economic slowdown. Where could reverse the slide? For some individual commodities the answer is improved demand, for others, such as oil, scaling back pro

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UAE shifts fuel prices as the Gulf watches

The United Arab Emirates has become the first Gulf state to take a major step towards taming the gas-guzzling habits of its drivers, who see cheap fuel as part of their birthright. The UAE said it would raise domestic prices for gasoline and cut them for diesel in a politically s

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Consumer choice, innovation 'key drivers of aviation sector'

Consumer choice and innovation are the fundamental drivers of competition in the international airline industry, said Etihad Airways president and CEO James Hogan at the 2015 Global Business Travel Association (GBTA) Convention in Orlando, Florida (US).   In a discussion, whi

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Fuel subsidy reform is credit positive for UAE

Last Wednesday, the UAE announced gasoline and diesel price deregulation starting August 1, effectively phasing out fuel subsidies. The measures are credit positive for the UAE and Abu Dhabi, a Moody’s report said. The measures are credit positive for the UAE and Abu Dhabi

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Mena lagging in adopting cyber security policies

Despite the current global focus on cyber security issues including hacking, data losses, breaches and other information leaks, organizations in the Mena region still do not have formal cyber security initiatives in place, a report said. In keeping with international trends, mana

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Nikkei and the FT: a meeting of minds or culture clash?

For all the assurances by Nikkei executives that the Financial Times would retain editorial independence under their ownership, some staff at the business daily were fretting about everything from journalistic standards to holiday allowance. Most acquisitions cause workforce anxi

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