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Dubai keeps rank as 2nd biggest retail marketDubai has retained its position as the second most important international retail destination globally, closely behind London, which also retained its position, according to a new report. London and Dubai are significantly ahead o More… |
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Bahrain insurance market ‘set to grow’Bahrain has maintained its position as a key insurance hub and continues to post growth in its insurance market despite a prolonged period of political turbulence, said a new report. Prior to the social unrest, Bahrain’s ins More… |
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Alba sponsors CRU aluminium summitAluminium Bahrain (Alba), one of the largest aluminium smelters in the world, is sponsoring the ongoing CRU World Aluminium Conference in London. Some of the most influential leaders and key decision makers from the global alumini More… |
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Kizad eyes UK investment at aluminium showThe Khalifa Industrial Zone Abu Dhabi (Kizad) is showcasing one of its fastest growing industrial clusters to UK-based investors at an ongoing global aluminum conference in London. Kizad’s management team will be inviting Br More… |
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Nokia launches all-new Lumia 925Finland-based Nokia Corporation has introduced the Nokia Lumia 925, a new interpretation of its award-winning flagship, the Lumia 920. The new smartphone introduces a metal design and showcases the latest PureView camera innovatio More… |
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Libor likely to be replaced by dual-track systemA dual-track system, including survey-based lending rates along with transaction-linked indices, is likely to replace scandal-hit London interbank lending rate Libor as soon as next year, the Financial Times reported on its website on Sunday. More… |
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Turkish Airlines backs down on lipstick banTurkish Airlines is quashing a ban on female flight attendants wearing red lipstick and nail polish, its chief executive said on Thursday, after an outcry by secular Turks worried the country is becoming too Islamic. The national More… |
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Iran routes oil via Indonesia to keep up exportsIran is using an Indonesian port in a strategy to keep up sales to buyers in Asia in the teeth of Western sanctions, according to shipping data and industry sources. Two Iranian very large crude carriers (VLCCs) able to hold 2 mil More… |
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World's first green bank loans $1bn in first 5 monthsBritain's Green Investment Bank (GIB), the world's first bank solely focused on lending to clean energy projects, said it allocated 635 million pounds ($988 million) in funding over its first five months of operation. The More… |
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Oil below $104; concerns outweigh China dataOil slipped below $104 a barrel on Wednesday as a rise in crude imports by China and a surprise jump in German industrial output could not shake off persistent concerns about global demand. China's daily crude imports in April More… |
