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Micheal Andrew, Chairman KPMG: US dollar will remain a global currency

Michael Andrew, Global Chairman KPMG International, tells Edward Poultney why the group is looking at a shift in growth to the Asian economies, making these KPMG's most important future markets, and how the first half of 2012 going to be a very tough period although some optimism should emerge toward the back end of the year, especially around the US economy, the implementation of China's 13th five-year-plan and emerging markets - but long-term structural issues need to be addressed in Europe and the US.

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Commercial Bank of Qatar dips slightly, reports higher annual net profit

Commercial Bank of Qatar dips slightly, reports higher annual net profit

The Qatar Exchange gained 0.20% Thursday to reach 8,434.70 points. The country's second bank by assets Commercial Bank of Qatar or CBQ fell 1.50%...

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Qatar's economy faces headwinds in 2012

Qatar's economy faces headwinds in 2012

There are increasing signs that the euphoria over the Qatari economy might transform into a gentle return to reality in 2012.

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Ericsson Middle East sales grow 12%

Ericsson Middle East sales grow 12%

Swedish provider of telecoms and data communication systems, Ericsson has said its sales in the Middle East in 2011 have jumped 12% year-on-year. "...

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Google's breakthrough banking deal for cloud services could set trend

Google's breakthrough banking deal for cloud services could set trend

This month Google announced that a major bank in Spain had agreed to a deal to use its cloud services, thought to be the biggest of its kind in the banking sector. Many had believed banking would...

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Iran sanctions could lift crude price 30%

Iran sanctions could lift crude price 30%

The International Monetary Fund (IMF) has said if Iran halts oil exports as a result of US and European Union sanctions, global crude prices could...

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New summit on water sustainability to be held in Abu Dhabi

New summit on water sustainability to be held in Abu Dhabi

Plans were announced yesterday for a new symposium that will be held in Abu Dhabi to address the issue of water scarcity in arid regions across the globe.

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Lebanon real estate deals drop 12%

Lebanon real estate deals drop 12%

The number of real estate transactions in Lebanon has seen a 12.02% decline last year to 82,984, compared with 94,320 transactions in 2010, The...

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Dubai property outlook mixed in 2012, says JLL

Dubai property outlook mixed in 2012, says JLL

Although average prices in Dubai's residential property sector will continue to slide in 2012, home values will rise in certain parts of the emirate as the market becomes increasingly polarised,...

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Saudi mulls metro rail service in holy cities

Saudi mulls metro rail service in holy cities

The Saudi Railway Organization (SRO) is studying the feasibility of metro rail services in the holy cities of Makkah and Madinah, Arab News has...

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Airbus seeks to allay concerns about A380 safety

Airbus seeks to allay concerns about A380 safety

Cracks found on the wings of the A380, of which Emirates is by far the largest customer, have raised concerns about the superjumbo, but Airbus says it has determined the cause of the problem and...

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Fox International Channel plans Qatar expansion

Fox International Channel plans Qatar expansion

Fox International Channel (FIC), which distributes TV channels and digital services worldwide, has unveiled plans to expand its operations in...

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Fight for businesses on social networks intensifies as Google + enters the fray

Fight for businesses on social networks intensifies as Google + enters the fray

It has long been established that companies need a social networking presence as part of their marketing strategies. It's hard to think of a major firm which is not visible on Facebook, LinkedIn,...

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GE Healthcare view long term strategy to develop health sector

With growing populations across the Middle East and the corresponding financial...

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