Wednesday, June 10, 2015

UAE may give central bank role in setting monetary policy,Qatar may remain jittery over World Cup.

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Finance and Economy
Qatar may remain jittery over World Cup
Qatar's stock market may remain volatile and vulnerable to further sentiment-driven selling pressure after a senior FIFA official said Doha could be stripped of World Cup hosting rights if evidence emerges of bribery in the bidding process.
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Oil slips after OPEC keeps output high, China slowdown
Oil prices slipped on Monday on news of a slide in China's fuel imports and as markets digested OPEC's decision to maintain its production target, which analysts said could prolong a supply glut for the rest of the year.
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Qatar buys $1.2 bln HK Electric stake from Li Ka-shing's firms
Qatar Investment Authority has bought an aggregate stake of 19.9 percent in HK Electric Investments Ltd from billionaire Li Ka-shing's firms for HK$9.25 billion ($1.19 billion), as the global investor seeks investment opportunities in Asia.
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Energy
Egypt to receive first Australian LNG on Wednesday
Egypt is set to receive its first liquefied natural gas (LNG) delivery from Australia on Wednesday, live ship-tracking data on Reuters Eikon showed.
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Oil's turnaround may support Gulf; Saudi Arabia awaits MSCI call
Sentiment among Gulf equity investors may improve on Tuesday if oil extends its early gains, but market activity in Saudi Arabia may decline after the regulator suspended trading in Mobily and as investors await news from index compiler MSCI.
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After oil price drop, Algeria tries to boost food crops
At Ahmed Bekhi's cereal farm outside Algiers, there are clear signs of Algeria's campaign to increase food production to help curb billions of dollars in imports and offset a sharp fall in world oil prices.
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Real Estate
Oman launches new luxury hotel projects worth $3.3 billion
Oman's tourism ministry has launched new luxury hotel projects worth $3.3 billion in various parts of the sultanate to meet the growing tourist needs.
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550 hotels under construction in Saudi Arabia

Experts and specialists in the Saudi tourist accommodation sector forecast that Saudi hotel brands are planning to increase their investments and expand outside the Kingdom through franchising, reports Saudi-based Al-Hayat.
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     News
UAE may give central bank role in setting monetary policy
Authorities in the United Arab Emirates are discussing changes to the country's banking law which would give the Gulf Arab state's central bank a role in determining monetary policy, the central bank governor told Reuters on Monday.
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Chevrolet: All about family safety
Known for its rugged and raw pick-up trucks and huge SUVs, Chevrolet is now aiming to attract families.
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Luxury: A changing horizon

Hardcore traditional perceptions of luxury are evolving regionally and globally.
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Dubai's Access Infra to launch solar plant in Uganda
Access Infra Africa, a Dubai-based company, will launch what it says will be Africa's largest privately-owned solar plant in Uganda this year
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