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March, 10th 2010
Abu Dhabi foreign trade rises 9% to Dh112 billion
Abu Dhabi's foreign trade rose to Dh112.071 billion in 2009, an increase of 9% as compared to 2008 as per annual statistics of foreign trade operations announced by HE Saeed Ahmed Abdullah Al Muhairi, Director General of Abu Dhabi Customs yesterday. |
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March, 08th 2010
UAE is region's top lender
The UAE had the largest banking sector in the Arab World towards the end of 2009, controlling nearly 18 per cent of the combined financial resources, and emerging as the top lender in the region, according to banking data. Emirates NBD (ENBD) maintained its position as the biggest bank in the region in terms of assets, which stood at about US$79 billion (Dh290bn) at the end of September 2009, showed figures by the Beirut-based Union of Arab Banks (UAB). |
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March, 07th 2010
Iraqis go to the polls in key election
It is one of the most competitive elections to be held in the Middle East, it’s importance cannot be underestimated as voters went to the polls in Iraq. President Jalal Talabani was among the first to vote stressing, “This election marks another step in the march of our democracy, and also a test.” Iraq’s political course will be decisive for the US plans to withdraw all troops by 2011. |
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March, 05th 2010
Suspect, Police Hurt in Pentagon Shootout
Two police officers were injured by a suspect who opened fire outside the Pentagon tonight after the officers asked him for an access pass, police said. An aerial view of the Pentagon in Arlington, Va., is seen in this September 2003 file photo. Two police officers were shot outside the Pentagon Metro station March 4, 2010. |
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March, 03th 2010
CNIA signs several large-scale training contracts
HE Staff Brigadier Pilot, Faris Al Mazrouei, Director General of CNIA in Abu Dhabi, said during the press conference that the contracts are specially designed to guide security personnel in the development of skills at global professional standards.
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February, 24th 2010
UAE tops US imports table
The UAE has emerged as the biggest importer of US goods in the Arab world last year. That is despite the trade value having declined by 16 per cent, to US$12.1 billion (Dh44.44bn) as the global downturn dampened demand for US vehicles, machinery and components. US car exports to the UAE declined by 57 per cent while aerospace sales surged 19 per cent, led by Boeing aircraft deliveries to Emirates Airline, Etihad Airways and flydubai, the budget airline. The data was released by the US department of commerce. |
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February, 22th 2010
Dubai hotel rates to pick up by end-2011
Dubai hotel sector will see resilience by end 2011 when room rates are expected to improve after remaining flat this year, said a leading global hospitality industry consultancy firm. |
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February, 22th 2010
Offshore Middle East returns to Doha
The event brings new focus to the Middle Eastern oil '&' gas market, which has grown to surpass the Gulf of Mexico for active rigs. |
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February, 20th 2010
Morocco minaret collapse kills at least 41
The number of people killed in the collapse of a mosque minaret in Morocco has risen to at least 41. Nearly 80 others were injured in the accident during Friday prayers in the town of Meknes. Frantic efforts to clear the debris and find surviviors followed. |
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February, 20th 2010
UAE inflation among GCC's lowest
A sharp slowdown in the UAE property sector has reversed several years of a rapid increase in inflation in the UAE, pushing the rate to a nine-year low of around 1.5 per cent in 2009, official data showed yesterday. At 12.3 per cent, the UAE had the second-highest inflation rate in the six-nation Gulf Co-operation Council (GCC) in 2008 after Qatar but now has one of the lowest rates in 2009, according to official figures. |
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February, 16th 2010
Saudi official questions new sanctions on Iran
Saudi Arabia's foreign minister on Monday expressed doubts about the usefulness of more sanctions on Iran over its nuclear program. Prince Saud al-Faisal told a news conference in the Saudi capital that the threat posed by Iran's nuclear ambitions demands a more immediate solution than sanctions. He described sanctions as a long-term solution, and he said the threat is more pressing. |
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February, 15th 2010
Internet domain first for UAE
The UAE will become one of the first countries to launch domain names in non-Latin characters later this year, the country’s telecommunications regulator says. Domain names – the internet addresses that end in “.com” and other suffixes – are the most common monikers behind every website, e-mail address and Twitter post. |
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February, 14th 2010
UAE harvests gold in the 11th Gulf Festival for Radio and Television Production
Manama, Bahrain - The United Arab Emirates bagged six awards- five gold medals and a silver as the 11th Gulf Festival for Radio and Television Production concluded in Bahrain. "The history of Heart and the March of a Nation", a TV production based on the life and message of the late Sheikh Zayed Bin Sultan Al Nahyan produced by the Abu Dhabi broadcasting network won a gold medal in the documentary category.
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February, 14th 2010
Ukraine’s Tymoshenko to fight poll defeat in court
She says more than one million votes, which would have handed her victory, had been subject to fraud. Her refusal to concede to Yanukovich flies in the face of international monitors’ official endorsement of his election. Tymoshenko, however, insists some individual observers are ready to back her claims. |
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February, 06th 2010
New oil field discovered in Dubai: reports
A new oil field off the coast of Dubai has recently been discovered, reported local Arabic media. The discovery is a first in many years as the emirate’s dependency on oil’s income dwindled due to decreasing production levels. Sources are quoted to have described the new oil field as “promising” in terms of its production capacity – one that will provide a new income for the emirate. |
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