Friday 24 February 2017
 
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Building the ship of the future

Ships of the future will have to be lighter, smarter, cleaner, more reliable, more efficient, and safer. Sounds like a tall order, but that’s where the industry is headed, say experts. DNV GL and Rolls Royce concur: Technologies available today will combine with those just

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Reforms open window for new investment in Egypt

The current economic reforms in Egypt, in particular the draft investment law and the floatation of the pound, herald a new era for the country and present the time for business expansion and foreign investment, said an industry expert. “Locally manufactured goods can now s

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Seven Earth-size planets found, may hold life: Nasa

Nasa has found a solar nearby solar system with seven Earth-size planets, with three of them orbiting at the right distance for liquid surface water, enhancing the prospects of discovering extraterrestrial life, according to a research paper published on Wednesday. Nasa's Spi

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Oil to average $50 to $70 through 2022: report

Brent crude oil prices will average $50 to $70 per barrel (/bbl) through 2022, according to an annual medium-term supply/demand analysis conducted by Bank of America Merrill Lynch (BofAML). While global oil consumption has expanded by 3.6 million barrels per day (b/d) in the past

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GCC healthcare set to top non-oil investments

The healthcare industry in the GCC is expected to receive the highest volume of investments in 2017 amongst non-oil sectors, followed by hospitality and tourism, a report said. CFA Institute, the global association of investment professionals, revealed the results of its annual M

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Ageing – Passing the baton to Asia

The ageing phenomenon has been a dominant feature of Western economies over the past few decades, but Asian economies will age the most rapidly in the next phase, with China, Thailand, Korea, Singapore and Hong Kong set to age fastest. In a new special report, Standard Chartered&

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Local comfort foods rank high among UAE consumers

UAE consumers have strong emotional connections with comfort foods from local dairy brands, Patchi chocolate and Americana products, according to the Brand Intimacy 2017 Report by MBLM Dubai. Overall, an impressive five of the top ten most intimate consumer goods brands in the UA

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Opec to meet one-third of rise in global oil demand

With non-Opec poised to grow again, Opec will need to increase oil output by just 2.2 million barrels per day (b/d) to meet global incremental oil demand of about 5.5 million b/d over the 2017-22 period, added the latest Global Energy Weekly from Bank of America Merrill Lynch (BofAML).

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Currency fluctuation hits Dubai property market

An analysis of major cities that rely on foreign inflows for real estate purchases have shown mixed trends on the fluctuation of the dollar, said a report by property experts. There is a moderately strong inverse correlation between money flows in the Dubai real estate market and the U

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Global diamond market sees moderate growth

The global diamond industry performed moderately well in 2015, led by diamond jewellery retail sales, which grew 3 per cent at constant exchange rates, a report said. However, currency depreciation, as well as slower demand in China, contributed to a decline in global revenue of

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