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gulfBID a major success |
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 Exhibitors were already signing up for gulfBID 2009 last night as the third edition of the construction and interiors event came to a close.
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Oil hits another record near $125 |
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 Oil hit a record high near $125 a barrel on Friday, boosted by strong demand for diesel fuel, concern about supplies and a renewed bout of buying by investment funds.
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Egypt cbank ups rates to curb inflation |
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 The Egyptian central bank said on Friday it raised its key overnight interest rates for the third time this year to contain inflation expectations after recent government decisions to raise the prices of fuel and cigarettes.
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Abu Dhabi firm buys London's ExCel for $626m |
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 Abu Dhabi National Exhibitions Company (Adnec), which operates one of the world’s most modern exhibitions and convention centres in the UAE capital, has acquired control of ExCeL London, the UK capital’s leading exhibition and conference venue.
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Etihad Airways has signed a contract with New York-based CIT Aerospace for the lease of two new Airbus A320-200 aircraft.
Kuwait's National Industries Group Holding, the country's biggest industrial conglomerate by market value, might sell a 10 percent stake to a foreign investment bank, its chairman said.
Abraaj Capital announced on Tuesday that it has acquired a 76.9 per cent stake in Al Borg Laboratory, the largest private laboratory in the Middle East, through a public tender offer.
Alomi Real Wood Floors has already picked up almost $2 million of business at gulfBID and is hoping it can build on this before the end of the show.
Arab regional mobile operator Orascom Telecom said its net income rose 25 per cent to $210 million in the first quarter of 2008, as the firm added nearly 4 million subscribers.
Shares in Minerva rose by almost a quarter on Thursday after Limitless, a unit of sovereign wealth fund Dubai World, said it was mulling a takeover offer for the British property developer.
Global banking group HSBC has admitted to losing a computer server with the transaction data of 159,000 account holders in Hong Kong branch, sparking anger among some customers who closed accounts.
Toshiba has launched its new range of satellite notebooks which boast of sleek design and sophisticated features.
The UAE capital’s bourse “Abu Dhabi Securities Market” has been renamed as Abu Dhabi Securities Exchange (ADX).
Egyptian car importer and manufacturer Ghabbour Auto said its first-quarter profit nearly doubled on higher sales for passenger cars and commercial vehicles.
DHL Express will invest over SR100 million ($26.6 million) for infrastructure developments across Saudi Arabia as part of its regional expansion plans, a company official said on Thursday.