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Gulf must consider flexible exchange rate: bankerQatar and other Gulf states should consider moving to a more flexible exchange rate from long-entrenched pegs to the US dollar, to better manage inflation risk in the next decade, a senior Qatar c More… |
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SAP holds key event in KuwaitGermany-based SAP, a leading business software company, recently hosted a major event for chief information officers (CIOs) in Kuwait. The event was also attended by Frank Marcus Mann, the German Ambassador to Kuwait. More… |
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GCC exports over 80pc of petchem productionThe Gulf countries export more than 80 per cent of their petrochemical production including ethylene glycol, styrene monomer and paraxylene to overseas markets, said a senior industry expert. “These exports have included ove More… |
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Gulf naval drill highlights mine risk to shippingA major international naval drill being conducted in the Gulf has highlighted real concerns about the potential risk to global shipping from mines planted at sea, a report said. Military chiefs have been quick to play down suggest More… |
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Gulf states at forefront in education technologyDigital education programmes being introduced to schools in the UAE, Saudi Arabia and Qatar will have a positive long-term effect on students, says the regional president of Pearson, one of the world’s leadin More… |
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Sudan firm to export animal feed to GulfSudan's biggest sugar producer plans to export up to 50,000 tonnes of animal feedstock annually to Arab Gulf countries. Kenana is one of the few Sudanese companies outside the gold industry attracting large amounts of foreign More… |
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Qatar index rises to 27-month highQatar's bourse rose to a 27-month high on Monday as regional investors bought a market considered a bargain because it has lagged others in the Gulf this year. More… |
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ATM heist: India probes security breachThe Indian government's cyber watchdog is investigating how security at two companies that are part of the country's vast IT services industry was breached in a global ATM heist that saw $ More… |
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Sea drills in Gulf ‘not targeted at Tehran’A major defence exercise in the Arabian Gulf involving 41 nations is not taking place as a show of force to Iran, said a top US Navy commander. The International Mine Countermeasures Exercise (IMCMEX) 13 was set up to explore ways More… |
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Kuwait bourse trading value hits 44-month highKuwait's bourse resumed its rally and trading value surged to a 44-month high on Thursday, backed by investors' sense that the economic and political environment for the country is improving. Most other regional markets rose. More… |
