Saturday 29 August 2015
 
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Cheap oil to push UAE into first fiscal deficit since 2009

The UAE is set to post its first fiscal deficit since 2009 because of lower oil revenues, but it can avoid any serious economic slowdown, the International Monetary Fund said after annual consultations with UAE authorities. The UA

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In smartwatch war, Swatch goes for cheap, quick and China

The world's largest watchmaker unveiled its riposte to Apple's smartwatch, announcing a plan to put cheap programmable chips in watches that will let wearers from China to Chicago make payments with a swipe of the wrist. S

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Iraq undercuts Saudi to grab Asian oil share

Fast-growing oil exporter Iraq is selling its crude cheaper than any comparable supply, undercutting regional rival Saudi Arabia to grab a bigger slice of the Asian market. Three years into an oil expansion following decades of wa

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Samsung Total strikes key Iran oil deal

South Korea's Samsung Total Petrochemicals (STC) has revived a contract to buy Iranian oil after a year's hiatus, as thin margins in plastics make the cheap fuel from Iran hard to resist, people familiar with the deal said.

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Rivals line up to replace Russia grain to Egypt

France and other leading global wheat exporters, normally undercut by cheap Russian supplies, are poised to snag new business from top importer Egypt, with Russia's drought-depleted export surplus seen drying up within weeks.

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Some US homes cheaper than their copper pipes

Shards of broken glass outside the basement window of 31 Vine Street hint at the destruction inside the three-story home. Thieves smashed the window to break in and then gutted the property for its copper pipes - a crime that has spread ac

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