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UAE bank body in mortgage caps proposalThe Emirates Banks Association is discussing proposed caps on mortgages with the UAE's central bank, hoping to raise the limits while curbing speculation in the real estate market, the industry body's chairman said on Sunday. More… |
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Arabs seek to avert Russian veto of Syria draftArab and Western drafters of a UN Security Council resolution aimed at stopping Syria's bloody upheaval have revised their text in a last-ditch effort to avoid a Russian veto, though the new draft includes language Moscow has rejected. More… |
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Arab League proposes new Syria transition planArab League foreign ministers proposed on Sunday that Syria's embattled President Bashar al-Assad hand over power to a deputy and set up a new unity government, after their earlier peace plan failed to end 10 months of bloodshed. They said More… |
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China mulls new energy ministryChina is considering a proposal to create an energy 'super-ministry' as part of a sweeping cabinet reshuffle in 2013, two independent sources said, a step that would help Beijing impose its will on an industry beset by bureaucratic infight More… |
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Laws 'key to Makkah, Madinah real estate growth'New regulatory, immigration, business and finance legislations are crucial for the real estate sector in Makkah and Madinah to achieve its true potential, according to Alpha1Estates International, a leading Islamic real estate advisory firm. More… |
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Expats seek NRI tax proposal withdrawalA global organisation of expatriate Indians has called on New Delhi to withdraw a proposal to impose tax on non-resident Indians (NRIs) who stay beyond 60 days during a visit to the country. 'It will be detrimental to the interests of More… |
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Egypt revises constitutional proposal on armyThe Egyptian cabinet, reacting to a public outcry, has amended a document proposing principles for a new constitution that would have shielded the army from oversight by parliament, said a cabinet minister. The document initially gave the More… |
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Euro zone cool to Geithner proposalUS treasury secretary Timothy Geithner drew a cool response from the European Union (EU) policymakers when he urged them to leverage their bailout fund to better tackle the debt crisis and to start speaking with one voice. In a 30-minute m More… |
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Iraq Kurdish zone invites power plant bidsIraq's semi-autonomous Kurdish region has invited investors to build up to 4,500 megawatts (MW) of power plants to increase its capacity to 6,000 MW, the Electricity Ministry said on Thursday. Investors are needed to build and operate More… |
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Dubai World 'to work with creditors in orderly way'Dubai World would work with lenders to seek a debt standstill in 'an orderly way' and will get government financial support if an agreement is reached, the company said in a statement after a crucial meeting with creditors on Monday. More… |
