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4,000 rebels leave Aleppo in ‘last stages’ of evacuation

  Aleppo / AFP More than 4,000 fighters left rebel-held areas of Aleppo, the Red Cross said on Thursday, in the “last stages” of an evacuation clearing the way for Syria’s army to retake the city. A week into the rebel withdrawal from the east of Syria’s second city, the evacuation of fighters and civilians from the one-time opposition stronghold ...

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Manhunt for Berlin suspect intensifies

  Aleppo / AFP German authorities came under fire on Thursday after it emerged that the prime suspect in Berlin’s deadly truck attack, a rejected Tunisian asylum seeker, was known as a potentially dangerous extremist. Prosecutors have issued a Europe-wide wanted notice for 24-year-old Anis Amri, offering a 100,000-euro ($104,000) reward for information leading to his arrest and warning he ...

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India’s energy demand falling short of estimates

  Bloomberg Those looking for a bright spot in the global warming picture might want to pay closer attention to India. For several years, demand for electricity in the world’s second-most populous country has trailed forecasts, data compiled by India’s Central Electricity Authority show. While the reasons for the mismatch are complex, the gap raises the prospect that India won’t ...

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Taiwan holds rate as new iPhone, rising oil boost outlook

  Bloomberg Taiwan held its benchmark interest rate for a second straight quarter as economic indicators show fourth-quarter strength and improving growth prospects for 2017. Policy makers held the discount rate to banks at a six-year low of 1.375 percent, the central bank said in a statement on Thursday after a meeting in Taipei. All 28 economists in a Bloomberg ...

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Nokia sues Apple to escalate mobile-patent licensing battle

  Bloomberg Nokia Oyj sued Apple Inc. saying the iPhone maker infringed several mobile patents, turning simmering tension between the companies into a bitter public legal battle on multiple fronts. The Finland-based company said Apple agreed to license patented inventions in 2011 but has refused to extend those agreements that are now expiring. Nokia filed complaints with the German Regional ...

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Tesla raises UK prices after Brexit vote

  Bloomberg One of the world’s most devoted gearhead clubs is about to get a little pricier in the UK as a result of the country’s vote to leave the European Union. Tesla Motors will increase prices in the UK by 5% in 2017, a move attributed to the falling pound and described as “due to curre- ncy fluctuations,” a ...

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Unilever unveils region’s largest manufacturing plant in Dubai

  Dubai / WAM The UAE is accelerating its efforts to boost the industrial sector and make it a valuable contributor to the national economy, turning the ‘Made in UAE’ label into a mark of quality and global excellence and can achieve this through successful partnerships with international manufacturers, and stimulating investments in industry, said HH Sheikh Ahmed bin Saeed, Chairman ...

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Al Masraf wins SK Excellence Award

  ABU DHABI / Emirates Business Arab Bank for Investment and Foreign Trade (Al Masraf), one of the UAE’s premier banking institutions, has been bestowed with the prestigious Sheikh Khalifa Excellence Award – 2016 (SKEA) for demonstrating continuous improvement over its past performance. The recognition is an outcome of a strategy implemented by the bank three years ago to achieve ...

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Emaar to develop 2mn sq ft mixed-use projects in RAK

  Ras Al Khaimah / Emirates Business Emaar Properties PJSC signed an agreement with Al Marjan Island (AMI), a leading waterfront master developer in the UAE, to develop 2 million sq ft mixed-use projects including high-end residential, hospitality and retail components in Al Marjan Island in Ras Al Khaimah. Ras Al Khaimah’s first man-made project, Al Marjan Island has a ...

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Last evacuees wait to leave Aleppo

Aleppo / AFP The last residents hoping to leave rebel-held Aleppo waited in the snow on Wednesday as delays hit an evacuation that will leave Syria’s army in full control of the devastated city. An AFP correspondent in the government-held neighbourhood of Ramussa—through which thousands of evacuees have passed in recent days—saw no convoys leaving the last pocket of opposition-controlled ...

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