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Middle East leads drilling boomDrilling for oil and gas deposits outside North America has hit the highest level in three decades, led by big exploration and production programmes in the Middle East and Africa. More than 1,300 drilling rigs have been operating on average over the last six months, the greatest More… |
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New engine, new rules and new sound for F1 in 2014Formula One will look and sound different when the season starts in Melbourne on March 16, with new regulations and the introduction of a turbocharged V6 engine with energy recovery systems. The following looks at the main changes for 2014, with the sport going through its most s More… |
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Qatar rift a pivotal test for GCCA breach between Qatar and some of its Gulf neighbours is a pivotal test for a three-decade-old union formed to stand united when threatened by common enemies. The six neighbours have struggled for years to transform their alliance from a simple security pact into an integrated e More… |
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Lufthansa to offer in-flight movies on smartphonesGermany's Lufthansa has announced plans to offer wirelessly streamed movies to passengers on trans-European flights, sparking a clash over the future of traditional seatback systems at the world's largest travel fair. Europe's largest traditional network carrier said More… |
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Gulf's rift over Qatar may slow investment, reformsA diplomatic split between Qatar and its Gulf neighbours may disrupt billions of dollars of investment in the region and slow efforts to make economies more efficient through trade and transport reforms. Qatar's vast natural gas wealth means the tiny country, with a populatio More… |
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GCC insurance industry on a stable footingThe GCC insurance industry remains on a stable footing supported primarily by (re)insurers' very strong capital adequacy and generally adequate competitive positions, said a report by Standard & Poor's Ratings Services. The average financial strength rating (FSR) for More… |
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Turning charisma into cash: Bernanke's 40 minutesBen Bernanke earned more in 40 minutes on Tuesday than he made all of last year as head of the US Federal Reserve. Bernanke was paid at least $250,000 for his first public speaking engagement, in Abu Dhabi, since stepping down in January, according to sources familiar with the ma More… |
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'Healthy' role for private sector neededGCC governments should provide a new framework that enables increased private sector participation in the healthcare system, thereby improving the access and quality of healthcare delivery in the region, a study said. Deloitte’s new report ‘Global health care ou More… |
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Riyadh, Jeddah among world’s cheapest citiesRiyadh and Jeddah are among the cheapest 10 cities for expatriates in the world, while Singapore has outstripped Tokyo as the most expensive city, according to annual rankings by the Economist Intelligence Unit released on Tuesday. The Saudi Arabian cities also offer cheap cost o More… |
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US oil export ban could be lifted piecemealThe White House could lift the ban on US oil exports in stages, according to an analysis of past presidential decisions prepared for Senator Lisa Murkowski, the highest-ranking Republican on the Energy and Natural Resources Committee. "The executive branch retains the statut More… |
