Wednesday, January 21, 2015

UAE not worried about declining oil price, Qatar inflation to rise

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Energy
UAE not worried about declining oil price – energy minister
The UAE will move ahead with its plans to boost oil and gas production and is not worried about its economy due to plunging oil prices, WAM reports citing the UAE minister of energy.
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Iran has world's largest gas distribution network
Iran has the largest gas distribution network in the world and about 87 per cent of the population is using this energy, the country's official news agency Irna reports citing the oil minister.
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Egypt set for energy subsidy reform in five years
During World Future Energy Summit in Abu Dhabi, Egyptian President Abdel-Fattah El-Sisi announces that his country is set to implement an inclusive plan for energy subsidy reform, reports Ahram Online.
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Finance and Economy
Qatar inflation to rise 3.5 per cent in 2015

Qatar's overall inflation is expected to rise 3.5 per cent in 2015 and 4.4 per cent in 2016 on rising rent inflation, says a report from QNB Group.
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Egypt's real GDP growth to increase to 3.6 per cent in 2015
Real GDP growth in Egypt is to increase from 2.9 per cent in 2014 to 3.6 per cent in 2015, according to a World Bank report.
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Transport and Tourism
Audi set to increase global investments by $2.35bn
Audi will be investing $28bn from 2015 through 2019, which is the biggest investment programme in its history, the company said in a statement.
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Qatar Airways' first commercial A350 flight lands in Frankfurt
This marks the start of the A350 XWB service between Frankfurt and Doha, with the new aircraft's technology delivering an unparalleled experience for passengers.
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News
UAE has key role in global green economy
The UAE occupies a prestigious global position in the movement towards a green economy by implementing a set of innovative initiatives adopted over the previous years.
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Divergent forecasts for 2015 Sukuk issuances
Emerging headwinds could slow progress in the global Sukuk markets compared to 2014, even though 2015 is likely to be a solid year overall believes Standard & Poor's.
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