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China, Russia seek greater control of InternetChina and Russia are buying increasingly powerful surveillance technologies to intercept communications and try to take control of the Internet, according to a senior US official. Alec Ross, the US secretary of state's senior More… |
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Orascom Tel takes full control of top Canadian firmEgypt-based Orascom Telecom is set to assume full control of Wind Mobile, the fourth-largest wireless carrier in Canada with some 600,000 subscribers, as the company founder Anthony Lacavera plans to step down as chief executive as part of a dea More… |
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NBK offers $2bn for full control of BoubyanNational Bank of Kuwait, the country's largest lender, has offered KD581 million ($2.1 billion) for the 52.7 per cent of Boubyan Bank it does not already own, to boost its presence in Islamic banking across the Gulf region. NBK, which More… |
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China eases currency control against dollarChina's central bank yesterday said it would widen the yuan's trading band against the dollar, loosening currency controls in a major step towards adopting more market-oriented reforms. The yuan is currently allowed to trade 0.5 per cent o More… |
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EU mulls new 'shadow banking' curbsThe European Commission is widening its regulatory sweep to include 'shadow' banking, heralding new controls over the sprawling and largely unchartered 46 trillion euro ($61 trillion) sector that has been blamed for helping trigger the fin More… |
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Diabetes success for Dubai Health AuthorityThe Dubai Health Authority has achieved better rates in controlling sugar levels in patients with diabetes as compared to the global average, said a top DHA official. Dr Ahmed Kalban, CEO of primary healthcare at the DHA, said the 2011 sta More… |
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Savola takes over Egyptian firmsSaudi food group Savola has bought the remaining 22 per cent stakes in two Egyptian companies it acquired in October as part of a regional expansion, an official at investment bank HC Securities that managed the deal said on Tuesday. In Oc More… |
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US hands over key war base to IraqisThe US army has handed over to Iraqi control the sprawling Victory Base Complex near Baghdad, the main base from which the US-led war in Iraq was commanded. "Victory Base Complex was officially signed over to the receivership of Iraqi More… |
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Bahrain inflation under control; banks stableInflation in Bahrain is under control and the kingdom's banking system remains liquid and stable, the Gulf country's central bank governor said on Tuesday. "Inflation in Bahrain is under control," Rasheed al-Maraj told reporters at an Isla More… |
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Greek debt 'out of control'The Greek finance ministry was on the defensive yesterday after a new budget watchdog let slip that the country's massive debt was 'out of control' just as officials held critical talks with creditors. Finance Minister Evangelo More… |
