Friday 29 July 2016
 
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Al Tayyar Travel Group Q2 net profit falls 24.2pc

Saudi Arabia's Al Tayyar Travel Group posted a 24.2 per cent fall in second-quarter net profit on Wednesday. The company made a net profit of SR300 million ($80 million) in the three months to June 30, down from SR396 million

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Etihad, partners to pump $10.7bn into US economy

Etihad Aviation Group (EAG) and its equity partner airlines will support 108,000 jobs across the US in 2016 and make a $10.7 billion contribution to the national economy this year, according to a leading global consultancy. The Ab

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IIoT main focus at Honeywell users’ conference

Helping industrial companies harness the Industrial Internet of Things (IIoT) to transform their entire enterprise will be the lead topic for Honeywell Process Solutions’ (HPS) 41st annual Honeywell Users Group (HUG) for the Americas.

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Lotte may shelve $4.5bn hotel IPO amid crisis

Lotte Group indicated it will shelve what may have been a $4.5 billion initial public offering, the world’s biggest so far this year, for its hotel unit after widening investigations pushed the South Korean conglomerate deeper into crisis,

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India set to join missile control group

The members of the Missile Technology Control Regime, a key anti-proliferation grouping, have agreed to admit India, diplomats said, in a win for Prime Minister Narendra Modi as he meets President Barack Obama in Washington on Tuesday.

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Corinthia Hotels announces new property in Dubai

Luxury hospitality group Corinthia Hotels has signed agreements with UAE-based Meydan Group to provide technical services and manage a luxury beachfront resort under construction in Dubai. The luxury hotel and residences is the la

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US hotel group signs first Mideast property in Qatar

US hotel brand and management company Dream Hotel Group has signed its first hotel in the Middle East with Qatar-based Al Alfia Holding to develop a Dream Hotel in Doha, the state capital. The deal was signed by Dream Hotel Group CEO Ja

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G7 vows growth, fudges FX, frets N Korea, Russia, China

The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies and stimulus policies and expressing concern over North Korea, Russia and maritime disputes involving China.

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Brexit serious risk to global economic growth: G7 leaders

A British exit from the European Union would be a serious risk to global economic growth, Group of Seven leaders said in a summit declaration on Friday, although German Chancellor Angela Merkel said the issue had not been discussed.

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Honeywell, Empire Aviation Group ink connectivity deal

Honeywell, a diversified technology and manufacturing leader, has signed an agreement with Dubai-based Empire Aviation Group to provide its full suite of GoDirect connectivity services and products for the cabin and cockpit. The t

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