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Ola Koenig
Tuesday, December 1, 2015
More layoffs in UAE as Zurich exits general insurance
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Finance and Economy
More layoffs in UAE as Zurich exits general insurance
Reports suggest that First Gulf Bank, HSBC and Standard Chartered banks have collectively culled 350 jobs in November...
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Preliminary data shows UAE non-oil trade grew two per cent in H1
Exports stood at AED81.4bn compared with AED63.6 billion year-on-year...
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Dubai Rugby Sevens, Yas Viceroy believe US alert will not affect business
American mission in the UAE warns citizens against attending "high-profile sporting events"...
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Energy
UAE's nuclear power plants partly completed – ENEC
Four reactors combined expected to meet nearly one-quarter of country's electricity demand...
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Saudi Arabia's PetroRabigh resumes refinery operations after maintenance
Company's high olefin cracker unit's subordinate sections will remain shut until December 30...
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Egypt seeks to become regional energy hub
Inbound foreign investments amounted to $7.7 billion in the fiscal year of 2014-2015...
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Real Estate
Lebanon's property deals fall by 12 per cent in November
Value of real estate transactions declined to $692.25m in October...
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Saudi property company Alandalus plans December IPO
Alandalus aims to sell 21 million shares, representing 30 percent of its share capital...
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News
VIDEO: 10 things you need to know about the Paris summit on climate change
The conference is expected to hammer out on a legally binding agreement...
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UAE petrol prices for December fall as crude trades below $45
The government decided to deregulate fuel prices in July...
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Abu Dhabi Grand Prix most popular sporting event in UAE – survey
Three-quarters of residents are 'proud" of UAE as a host nation...
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UAE adds 1,000 hotel rooms in November 2015
Dubai saw entry of 618 rooms and new hotel apartments...
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More layoffs in UAE as Zurich exits general insurance
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