Monday 20 October 2014
 
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In oil price war, Saudi's biggest rival is next door

Kuwait, Saudi Arabia's traditional Gulf ally, is challenging its bigger neighbour in an increasingly competitive battle for market share as it sells oil to buyers in Asia at the widest discount to a comparable Saudi grade in 10 years.

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Mideast ICT market to hit $20bn, outpacing global average

The Middle East region’s information and communication technology (ICT) market is set to jump from a projected $15 billion this year to $20 billion in 2020, outpacing the global average, according to market intelligence firm IDC.

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Yas Island showcases offering to French market

Yas Island’s Destination Management team showcased its offering to more than 29,500 visitors from 160 countries at the French Travel Market (IFTM Top Resa), a leading local business-to-business travel and tourism trade event, in Paris rece

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JCB eyes 'booming' Saudi Arabian market

JC Bamford Excavators, a UK-based construction machinery firm, sees a "vast potential" for growth in the GCC region, especially in Saudi Arabia, its single largest market in terms of construction. Universally known as JC

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M2M connections to account for 10pc of mobile market

Cellular machine-to-machine (M2M) communications will account for at least 10 per cent of the global mobile market by 2020, according to a new study by GSMA Intelligence, the research arm of the GSMA. The study, entitled ‘Ce

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M2M connections to account for 10pc of mobile market

Cellular machine-to-machine (M2M) communications will account for at least 10 per cent of the global mobile market by 2020, according to a new study by GSMA Intelligence, the research arm of the GSMA. The study, entitled ‘Ce

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Rusal sees 1.3m-tonne global aluminium deficit in 2015

Russia's United Company Rusal forecasts a global aluminium deficit of 1.3 million tonnes in 2015, which will keep the spot price premium for the metal high, its first deputy chief executive officer said. "I don't thin

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Kazakh meat set for Bahrain’s local markets

Kazakh mutton could soon be set to appear in Bahrain's meat markets if a fact-finding mission sent to the central Asian country gives the trade its blessing. At present, the majority of Bahrain's live sheep imports come fr

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Oil market pricing escapes linkage to financial benchmark regulations

The oil market's price setting agencies have avoided being linked to the kind of regulation trained on financial benchmarks, in a report by international regulators.   The decision by the International Organi

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Mideast freight market grows 9.4pc in July

The Middle Eastern freight markets expanded 9.4 per cent in July, a strong performance despite the impact of Ramadan, said the International Air Transport Association (Iata). Regional airlines are capturing growth opportunities by

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