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RAK signs new exploration agreement |
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 The government of Ras Al Khaimah has sealed a concession agreement with RAK Petroleum Al Khaleej Limited, a wholly-owned subsidiary of RAK Petroleum, granting the company a 25-year petroleum concession in the emirate.
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Cavotec in Airbus techno breakthrough |
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 Cavotec, a leading supplier of innovative power solutions, and leading airport equipment innovator, said it has completed a two-week series of intensive trials of its patented 'PCAir Caddy' with leading aircraft manufacturer Airbus.
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Experts discuss art in Arab World |
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 ‘Abu Dhabi Art, Talks and Sensations,’ an event organised in partnership with Abu Dhabi Authority for Culture and Heritage and Tourism Development and Investment Company (TDIC), discussed Arab aesthetics in contemporary art world.
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Dubai realty investments top $43bn |
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 The investments into the real estate sector in Dubai has crossed the Dh158 billion ($43 billion) mark in 2008 based on the number of sales, leasing, and mortgage transactions registered in Dubai, said an expert.
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Dubai shopping spree comes to halt |
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 Some big Dubai retailers, accustomed to giddy spending in the Gulf Arab tax-free haven, are grappling with a drop in sales as consumers worry about the impact of the global financial crisis on their wallets.
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$389m Oman fund to stabilise stock market |
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 Oman's government said on Thursday it would set up a 150 million rial ($389.6 million) market-maker fund with the private sector to help stabilise the country's bourse as the financial crisis bites.
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ME launch for ‘green’ shipping breakthroughs |
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 World-beating breakthroughs in energy efficient and eco-friendly technologies for the shipping industry are to be unveiled at the upcoming 'Seatrade Middle East Maritime 2008,' the region’s leading maritime event.
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Syria uranium traces not conclusive |
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 Traces of uranium found at a Syrian site bombed by Israel last year were not sufficient evidence of nuclear activity there, the head of the UN nuclear watchdog said on Monday.
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US firm wins Masdar carbon capture project deal |
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 Masdar, an Abu Dhabi government initiative, has selected Houston, Texas-based Mustang Engineering to provide front-end engineering and design (FEED) services for Masdar's Carbon Capture and Storage (CCS) project in the UAE.
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World wheat output likely to fall 5pc |
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 World wheat production is likely to shed 5 percent to 647 million tonnes next season, against a record 682 million tonnes harvested in 2008, due to a drop in area sown, US analyst | | | | | |
The King Fahad Causeway General Authority 2009 budget has been raised by 67 per cent, according to top Bahrain government officials.
Bahrain-based Gulf Air plans to return to profitability by 2010 as the massive turnaround programme the airline is undergoing starts to pay off, its chief executive said.
Medicine for chronic diseases could soon be available at half the price in Bahrain following a proposal submitted in Shura council.
Oman's telecom regulator has confirmed that Nawras, the Omani affiliate of Qatar Telecommunications Co (Qtel), had won a licence to set up Oman's second fixed-line network.
Bahrain Islamic Bank is targeting Asia as part of plans to increase its presence beyond the Gulf state, the Islamic lender's chief executive said.
A new committee will attempt to tackle the impact of the global financial crisis on Dubai's economy, as the emirate struggles to maintain investor confidence amid concerns about transparency.
The Jordanian capital is gearing up for the first ‘Amman Stand-Up Comedy Festival’ which features a line-up of the best of Jordanian, Arab, and Foreign talents and headliner performers.
Mohamed Yousuf Naghi Motors, the exclusive importer of BMW , MINI and Rolls-Royce in Saudi Arabia, has opened the biggest and most technologically-advanced BMW service facility in Saudi Arabia.
Brazilian Halal exports to the Middle East are expected to exceed $6.38 billion in 2008, as the demand for beef, meat and poultry continues to rise in the region.
A plan to build Bahrain's first National Contact Centre, creating 200 jobs for Bahrainis, was announced.
The Baharain education ministry has warned that planned projects may be frozen due to an acute lack of funds.