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2014

Paris hosting 2024 Olympics, LA gets 2028 Games

Paris will host the 2024 Summer Olympics while Los Angeles is awarded the 2028 Games, the International Olympic Committee (IOC) announced on Monday, according to a report in Wam, the Emirates news agency.

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Aramex 2014 revenue edges up 5pc

Aramex, a leading global provider of logistics solutions, has posted revenues of Dh3.83 billion ($1.04 billion) for 2015, marking an increase of 5 per cent over the revenues of Dh3.64 billion for the previous year. Revenues in the

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UAE aid worldwide tops $47bn in 44 years

The value of developmental, humanitarian, and charity aid extended by the UAE from 1971 to 2014 stands at Dh174 billion ($47.36 billion), covering 21 sectors in 178 countries worldwide, according to a new report. These statistics

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GCC petrochemical exports hit $62bn in 2014

GCC petrochemical companies exported a record 67.2 million tonnes of chemicals valued at $62 billion in 2014, according to the latest industry report by the Gulf Petrochemicals and Chemicals Association (GPCA). According to the GC

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Mumtalakat gross profit surges 65pc to $477m

Bahrain Mumtalakat Holding Company, the investment arm of the kingdom, has announced that its full-year results for 2014 reflected another solid financial and operational performance across the group, constituting of 38 portfolio companies.

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Trust Re logs 13.7pc growth in 2014 premium

Trust Re, a reinsurance company based in Bahrain achieved gross written premium of $452.6 million during the financial year 2014, as against $398 million in the previous year, marking a growth of 13.7 per cent. The Group’s p

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Mubadala 2014 profit plunges 28pc

Mubadala, an Abu Dhabi state-owned fund, today said its 2014 net profit dropped 28.7 per cent due to lower income from financial investments and impairments on oil and gas assets. The fund said in a statement it made a net profit

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Adnic swings to $76m loss in 2014

Abu Dhabi National Insurance Company (Adnic) has reported a net loss of Dh280 million ($76.2 million) for the year 2014 as compared to net profit of Dh156 million ($42.4 million) during the previous year. Net Investment Income inc

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Reem Investments profit jumps 61pc to $66m

Reem Investments, one of the leading investment companies in Abu Dhabi, announced a net profit of Dh245 million ($66.7 million) for the financial year 2014, an increase of 61 per cent from 2013 at its recent annual general meeting.

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City Centre Muscat logs 10m visitors in 2014

City Centre Muscat, the largest lifestyle shopping destination in Oman, recorded more than 10 million visitors in 2014, representing a seven per cent increase over the previous year. Retailers at the mall, owned and operated by Ma

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