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| Sanctions help to stoke Iran property boom |
| By Marcus George, Zahra Hosseinian | May 09, 2013 01:20 AM |
| The Iranian property developer leaned back in his chair, drew hard on a shisha pipe and looked down at photographs of a Tehran apartment block on his tablet computer. |
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| Qatar to supply LNG in swap deal with Egypt |
| May 09, 2013 01:18 AM |
| Qatar and Egypt agreed on a “gas swap” deal for the supply of liquefied natural gas to help the North African country meet soaring power demand in the summer months, an Oil Ministry official said. |
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| May 09, 2013 01:16 AM |
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Kuwaiti politicians and media fumed Wednesday over $2.2 billion paid to U.S. giant Dow Chemical as a penalty for the Gulf emirate scrapping a joint venture, and called for those responsible to be held to account.
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| By Angus McDowall | May 08, 2013 12:46 AM |
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Saudi Arabia should cut energy subsidies that are burdening public finances, the economy minister and the head of the state-run utility said, a move that would also tackle the issue of erosion of crude exports.
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| May 06, 2013 02:37 PM |
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Qatar Airways had to forego $200 million in lost revenue up until April 2013 because of the grounding of Boeing's 787 planes, the airline's Chief Executive Akbar Al Baker says.
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U.S. charges eight in $45M cybercrime
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| By Jessica Dye, Jim Finkle | May 10, 2013 01:07 AM |
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The U.S. government charged eight individuals with using data obtained by hacking into two credit card processors in a worldwide scheme that netted some $45 million within hours, a crime prosecutors described as one of the biggest bank heists in history.
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Kuwait shares rise as turnover surges
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| By Nadia Saleem | May 10, 2013 12:51 AM |
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Kuwait’s bourse resumed its rally and trading value surged to a 44-month high Thursday, backed by investors’ sense that the economic and political environment for the country is improving.
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Iraq issues new tender for minimum 30,000 T rice
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| May 09, 2013 08:24 PM |
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Iraq issued a new tender to buy at least 30,000 tonnes of rice with origins from the United States, Uruguay, Thailand and Argentina, the Iraqi trade ministry said on Thursday.
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Australia suspends live cattle exports to Egypt over video
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| May 04, 2013 11:18 AM |
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Australian livestock exporters say they are suspending live cattle exports to Egypt after a graphic video purportedly showed animal cruelty in Egyptian abattoirs and prompted Canberra to launched an investigation.
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Dubai developers lure individuals with hotel boom
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| By Zainab Fattah | May 04, 2013 01:11 AM |
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It took Damac Properties Co. one day to sell the first 200 units in its Hollywood-themed apartment and hotel project as buyers seized the opportunity to invest in Dubai’s booming tourism market.
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Qatar extends buying spree to India
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| By Devidutta Tripathy, Mirna Sleiman | May 04, 2013 01:11 AM |
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Gulf state Qatar has bought a 5 percent stake in Indian telecoms firm Bharti Airtel Ltd. for $1.26 billion, the firm said Friday, extending an overseas buying spree from mainly developed countries to Asia’s third-largest economy.
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Allies throw lifeline to Iran’s steel sector
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| By Silvia Antonioli, Jonathan Saul | May 04, 2013 01:03 AM |
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China, Russia and Kazakhstan are among the few trade allies still providing a lifeline to Iran’s vital steel and iron ore sector after most Western suppliers and buyers have cut ties due to growing sanctions pressure.
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Syria investors flock to Damascus bourse to protect savings
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| By Suleiman al-Khalidi | May 03, 2013 01:11 AM |
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Syrian investor Khaleel Tohmeh is on a buying spree in the Damascus stock market, pinning his hopes on a long-term recovery of a bourse that has seen about two-thirds of its capitalization wiped out by the 2-year-old civil war.
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Japan signs nuclear technology deal with UAE, wants more oil
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| May 02, 2013 01:22 PM (Last Updated: 02/05/2013 04:44 PM) |
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Japan has signed a nuclear cooperation and technology transfer deal with the UAEand says it wants to renew its role in an oil and gas concession set to expire in 2018, a Japanese foreign ministry spokesman says.
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Kuwait plans high public service charges for expats
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| May 01, 2013 02:59 PM |
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Kuwait plans to increase service charges on foreigners, media reports say, triggering the ire of the main labour union which also blasted the government for deporting hundreds of expatriates.
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Dubai developers talk tall and big amid propety recovery
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| May 01, 2013 11:51 AM (Last Updated: 01/05/2013 05:48 PM) |
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The Dubai builder of the world's highest tower, the Burj Khalifa, hints it might develop an even taller skyscraper and two conglomerates outlined grandiose real estate plans, underscoring recovery in the emirate's bombed-out property sector.
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