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Tanzania Starts USD 11 Billion Port Construction Project
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| Tanzania has started construction work on $11 billion port and special economic zone, a project backed by China and Oman which aims to transform the East African country into a regional trade and transport hub.
The new port, which will be TaRead More... |
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Expo Milano celebrates UAE's Expo
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| Abu Dhabi: Officials from Milan and the UAE on Tuesday marked the start of a five-year countdown to the opening of Expo 2020 in Dubai.
Expo Milano 2015 also marked the UAE’s National day as Italy prepared to bring its Expo to a close iRead More... |
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US firms look to build trade ties with the UAE
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| Abu Dhabi: A top ranking official from the US Department of Commerce said that the country could be an “important partner” as the UAE focuses on the diversification of its economy and increasing the contribution of the non-oil sector.
&nRead More... |
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Paramount Partners With Navantia For New Business Opportunities In Africa
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| South Africa-based global defense and aerospace company, Paramount Group, has agreed to jointly develop naval systems and vessels with Spanish shipbuilder Navantia, IndependentOnline reports.
The partnership is designed to meet theRead More... |
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UAE's digital payments market set to outpace cash use by 2020
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UAE consumers, businesses, merchants, banks, forex exchanges, and even government service providers will be handling far less cash by 2020, according to the digital payments service company, Trriple.
Annually, the UAE counts $230 billion in consRead More... |
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Greek lawmakers to approve first new bailout reforms
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Athens: Greece’s parliament was expected to approve later on Friday a first batch of reforms and tax cuts stemming from its third EU bailout.
The vote, scheduled for around midnight, is expected to be won by the leftist government ofRead More... |
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Oman needs to walk the talk on projects
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| Oman’s economic prospects seem on the right track on the back of its planned developments. Yet, what counts far more is actual implementation rather than just mere intention when it comes to infrastructure schemes.
Among the many plansRead More... |
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Nigeria has more than low oil prices to confront
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| Another oil producing country outside the Gulf is taking issue with the strategy not to be proactive in an effort to boost prices. Nigeria’s Emir of Kano and outspoken former central bank governor of the country said that Saudi Arabia’s dRead More... |
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Australia looks to India, EU for next batch of FTAs, trade minister says
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| Canberra: Australia is focusing on signing agreements with India and the European Union after inking four trade pacts in the past two years, Trade Minister Andrew Robb said.
A trade and investment agreement with India is the first priority, Read More... |
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Uganda: Tanzania, Uganda to Explore Oil Pipeline Plan
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| TANZANIA and Uganda have signed an agreement to explore the possibility of building a crude oil pipeline between the two countries, Uganda's Ministry of Energy and Mineral Development said on Monday.
The Ugandan president, had indicated in ARead More... |
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UAE-funded energy projects launched on Pacific Islands
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| Two Pacific island nations - Tuvalu and Kiribati - have inaugurated individual solar photovoltaic power plants funded by the UAE and developed by Masdar.
The first inauguration took place in Tuvalu on Tuesday and was attended by Dr Mohammed Read More... |
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University organises conference on business growth in Africa
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| The three-day conference, set for October 27, has been organized by Mount Kenya University (MKU) and Germany’s Leipzig University. The conference, whose theme is “New concepts for business acceleration for Africa” will be held at KeRead More... |
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UAE students challenged to design drones for good
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| University students can now become a part of UAE Drones for Good Award, the most prominent award of its kind on the global level.
Dubai Museum of the Future Foundation and Mohammed Bin Rashid Space Centre (MBRSC) have announced the launch ofRead More... |
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Experts task govt on power supply
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| EXPERTS have re-emphasised the need for government to improve power supply in the country to boost investment in the economy.
At a seminar organised by Mantrac Nigeria Ltd, (formerly Tractor & Equipment), they said for the country to attRead More... |
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Petrochemicals boost Saudi market; Dubai inches up
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| Saudi Arabia's main share market index rose on Sunday as investors continued to buy beaten-down petrochemical shares on hopes that oil prices may have bottomed out, while most other regional bourses were sluggish.
Brent oil's strong recoveryRead More... |
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