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Veeam to showcase new availability suite at GITEX

Abu Dhabi / Emirates Business Veeam® Software, the innovative provider of solutions that deliver Availability for the Always-On Enterprise™, has reiterated its commitment to helping Middle East enterprises meet the requirements for round-the-clock availability by announcing its participation at GITEX Technology Week, which will be held between 16-20 October, 2016 at the Dubai World Trade Centre. The company will be ...

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du introduces new GCC roaming packages

Abu Dhabi / Emirates Business This Hajj season, du customers have more reasons to smile with two great GCC roaming packages. Valid in KSA, Oman, Qatar, Kuwait and Bahrain, customers benefit from 2 GB of data with a three day validity for AED100, or 4 GB data with 7 days validity for AED 200. “Hajj is a special, spiritual time ...

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Al Maryah Island to host Eid family fun

  Emirates Business The Galleria on Al Maryah Island, Abu Dhabi’s luxury shopping and dining destination, unveils family friendly activities for shoppers over Eid Al Adha. All activities have been created to celebrate the joyous holiday, and can be enjoyed by everyone visiting The Galleria this holiday season. A live henna station will host residents of Abu Dhabi, creating traditional ...

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Telecom Egypt pays $806mn for 4G license

  Bloomberg Telecom Egypt is set to become the country’s fourth mobile carrier after acquiring a 4G license Wednesday as the state-controlled landline monopoly seeks to keep up with rivals. The carrier, 80 percent owned by the government, bought the license for 7.08 billion Egyptian pounds ($806 million), Chief Executive Officer Tamer Gad Allah said at a news conference in ...

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Saudi Aramco, Japan to expand Okinawa crude storage deal

  Reuters Saudi Aramco and the Japanese government are set to agree on a roughly 2 million barrel expansion of crude storage capacity in Okinawa, used by the state-run firm to store oil, Saudi Aramco CEO Amin Nasser said on Thursday. Under an agreement with Tokyo, Saudi Aramco and Abu Dhabi National Oil Co (ADNOC) each store up to 1 ...

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India’s Reliance Jio to offer free voice calls

Bloomberg Billionaire Mukesh Ambani said his Reliance Jio Infocomm Ltd. unit will offer mobile phone calls for free, pressuring existing carriers to follow suit in what’s already one of the world’s lowest-priced wireless markets. Jio’s service will debut Sept. 5 and will be free until December, after which the company will begin charging subscribers as little as 149 rupees ($2.22) ...

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China’s top steel mills warn on outlook

  Bloomberg The good times in the world’s top steel producer may not last long. China’s biggest mills including Hesteel Co. Ltd. are warning that the improved conditions and rising prices in the first half that helped them to lift earnings may soon be about to give way. “Industry prospects are not optimistic,” Hesteel, the listed unit of China’s biggest ...

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Japan’s company profits fall, capital expenditure remains weak

  Bloomberg Japan’s capital expenditure data for the second quarter was slightly weaker than expected while company profits slumped as businesses held tight on spending amid a strong yen and sluggish demand at home and abroad. Capital expenditure rose 3.1 percent from a year earlier ( forecast 5.5 percent). Spending excluding software increased 3.1 percent over the same period ( ...

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China’s factory gauge rises to highest since 2014

  Bloomberg China’s official factory gauge unexpectedly rose last month to the highest level in almost two years, suggesting the economy’s stabilization remains intact and that a weakening in July was flood-related and temporary. Manufacturing purchasing managers index rose to 50.4 in August from July’s 49.9 and compared to the 49.8 median estimate of economists surveyed by Bloomberg. Non-manufacturing PMI ...

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Oz lower jobless rate masks record underemployment

  Bloomberg The strength of Australia’s jobs market is being overstated by a surge in casual positions and an inability by workers to secure more hours. While the unemployment rate fell to 5.7 percent in July from 6.3 percent a year earlier, 87 percent of the jobs created in that period were part-time: a definition that covers anything from 1 ...

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