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OPEC oil output falls most in two years on Saudi cuts

OPEC oil output falls most in two years on Saudi cuts

Output from the cartel's 14 members slumped by 751,000 barrels a day in December ...

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UAE’s hyperloop system to cost up to $40m per km

UAE’s hyperloop system to cost up to $40m per km

Hyperloop Transportation Technologies chairman says 'far-fetched dream' will become reality for the UAE in 2020 ...

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Luxury Palm Jumeirah project starts handover to owners

Luxury Palm Jumeirah project starts handover to owners

Developer Innovate living says it has started to handover the units of its flagship Palme Couture Residences project ...

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Saudi Aramco refinery JV said to hire adviser on funding

Saudi Aramco refinery JV said to hire adviser on funding

Sources say financing for the $5bn Amiral project is expected to be arranged from banks and export credit agencies ...

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Jadarah attracts new industry giants in the quest to retain young Arab talent

Jadarah attracts new industry giants in the quest to retain young Arab talent

Brand View: Dubai Future Foundation Amazon Web Services and Microsoft among those to support talent accelerator programme ...

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UAE bans import of live birds from Russia after bird flu outbreak

UAE bans import of live birds from Russia after bird flu outbreak

Ministry of Climate Change and Environment takes action after H5N2 outbreak in Rostovskaya Oblast region ...

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JPMorgan ‘close’ to being hired for Saudi bank merger

JPMorgan ‘close’ to being hired for Saudi bank merger

Sources say National Commercial Bank is close to hiring JPMorgan Chase & Co to advise on its merger with Riyad Bank ...

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Bahrain’s GFH acquires UK business park

Bahrain’s GFH acquires UK business park

GFH Financial Group says it has bought Westside Office Business Park in Hemel Hempstead, England ...

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Gulf banks set to continue merger trend, says Moody’s

Gulf banks set to continue merger trend, says Moody’s

There has been increased mergers and acquisition activity in the Gulf region, as falling oil prices hit government budgets and slowed economic growth ...

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Al Habtoor Group says not involved in India hotel acquisition

Al Habtoor Group says not involved in India hotel acquisition

Various media reports incorrectly linked Al Habtoor Group to Al Habtoor Trading Enterprises and owner Rashid Al Habtoor ...

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Saudi stocks set to rally this year with multi-billion dollar inflow

Saudi stocks set to rally this year with multi-billion dollar inflow

With Brent crude down about 30 percent from a four-year high in October, most analysts expect the Saudi budget deficit to overshoot ...

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More owner-occupiers investing in Dubai property, say brokers

More owner-occupiers investing in Dubai property, say brokers

Dubai residents are opting for larger apartments and villas to experience community living, which are now becoming affordable ...

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Dubai Customs thwarts luggage thieves at DXB

Dubai Customs thwarts luggage thieves at DXB

Data from over 20,000 passengers was analysed to identify the suspects ...

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RAK zipline to re-open to public this weekend

RAK zipline to re-open to public this weekend

The world's longest zipline was closed following a fatal helicopter crash in the area in late December ...

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Saudi government to woo nationals to private sector with cash boosts

Saudi government to woo nationals to private sector with cash boosts

Saudi nationals' monthly wages will be supported by sums of between $1,066 and $2,666 under a programme designed to upskill locals ...

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