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Forex update, Dollar strength continues as Gold struggles

Research director Kathleen Brooks gives her view on the short term outlook for gold as it struggles to recover and dollar movement, as last week saw the dollar index rise 2% amid rumours of the end of QE3.

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Dubai, Qatar in 'better position' to be upgraded to MSCI status

Dubai, Qatar in 'better position' to be upgraded to MSCI status

US investment firm T Rowe Price Group has said Dubai and Qatar deserve to be upgraded to emerging-market status at MSCI next month, after failing...

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Islamic Finance: where next for the industry

Islamic Finance: where next for the industry

While the comeback of stock market rallies investment banking, the Shari'ah-compliant industry faces its toughest test since it entered its boom phase a decade ago.

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Modern tech helps raise internet use in Saudi Arabia by 16%

Modern tech helps raise internet use in Saudi Arabia by 16%

Saudi Arabia's Communications and Information Technology Commission (CITC) has said internet usage in the country climbed 16%, with a 10% growth in...

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Sony unveils 10.1 inch Xperia Tablet Z

Sony unveils 10.1 inch Xperia Tablet Z

The next instalment of Sony's tablet series was revealed today at a Dubai press conference, with a focus on connectivity and entertainment.

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BP boost Rumaila field investment

BP boost Rumaila field investment

British Petroleum (BP) has earmarked $2.85bn for the development of Iraq's Rumaila oilfield in 2013, up from $2.2bn last year, Reuters has...

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World Bank funds best invested in desert power?

World Bank funds best invested in desert power?

Earlier this week, the World Bank published a report warning of the dramatic consequences of climate change and called on governments around the world to redirect the $1 trillion spent overall...

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India's Essar secures 3 contracts in Abu Dhabi

India's Essar secures 3 contracts in Abu Dhabi

Indian EPC contractor Essar Projects (EPL) has secured three new orders totalling $80m in Abu Dhabi, Gulf Today has reported. EPL has been selected...

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Damac to build mega golf community in Dubai

Damac to build mega golf community in Dubai

Adding to the increasingly growing roster of mega property launches in Dubai, Damac Properties has announced plans to build a massive 28 million sq ft development in the emirate.

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RTA increases Dubai Metro peak-hour frequency

RTA increases Dubai Metro peak-hour frequency

Dubai's Roads and Transport Authority (RTA) has increased the metro frequency during peak hours, Emirates 24-7 has reported. While a metro would...

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Kerzner to open first One&Only resort in Saudi Arabia

Kerzner to open first One&Only resort in Saudi Arabia

Kerzner International Hotels Limited, which manages the Atlantis resort on Dubai's Palm Jumeirah, has announced that it has signed a deal to open the first One&Only Resort in Saudi Arabia.

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Xumanii in partnership talks with Abu Dhabi Media

Xumanii in partnership talks with Abu Dhabi Media

US-based Xumanii has said it has entered into initial talks to explore partnership opportunities in the UAE with Abu Dhabi Media. The firm offers a...

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Happy birthday YouTube - the top 8 videos of all time

Happy birthday YouTube - the top 8 videos of all time

As YouTube turns eight years old, more than 100 hours of video are being uploaded each minute.

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OMRAN drives new tourism projects in Oman

Video: Tourism projects across Oman, from the Northern enclave of Musandam to...

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Riyadh metro's ultra-modern designs revealed

UK-based Zaha Hadid Architects has revealed the following images of its designs...

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