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Munich gunman ‘obsessed’ with mass killings

  Munich, Germany / AFP The lone teenager who shot dead nine people in a gun rampage in Munich was “obsessed” with mass killers such as Norwegian rightwing fanatic Anders Behring Breivik and had no links to the IS group, police said on Saturday. Europe reacted in shock to the third attack on the continent in just over a week, after ...

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UAE concludes productive participation in UNCTAD 14

  Abu Dhabi / Emirates Business A UAE delegation led by the Ministry of Economy concluded its productive participation in the activities of the 14th UN Conference on Trade and Development held in the Kenyan capital of Nairobi from July 17 till 22, 2016. The group was headed by H.E. Juma Mohammed Al Kait, Assistant Undersecretary for Foreign Trade Affairs, ...

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ECB primed to act after Brexit shock

  Frankfurt / AFP The European Central Bank is ready, willing and able to help put the eurozone economy back on its feet, if needed, even if financial markets have held up so far to the shock of the Brexit referendum, president Mario Draghi said on Thursday. “If warranted to achieve its objective, the governing council will act by using ...

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Abu Dhabi Ports, Enjazat sign deal to open service desks

  Abu Dhabi / Emirates Business Abu Dhabi Ports the master developer, operator and manager of ports and Khalifa Industrial Zone (Kizad) in the emirate, entered into an agreement with Enjazat Services, a leading provider of value-added services in the emirate of Abu Dhabi, to set up dedicated service desks at Kizad. These desks at Kizad’s headquarters in Al Taweelah ...

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Experts call for smart lighting solutions

  Abu Dhabi / Emirates Business Innovative lighting technologies have drastically changed the future of the lighting industry. The influence of new trends such as smart lighting and connected lighting have reshaped various lighting categories – architectural, indoor, outdoor, residential and street lighting, to name a few. Further, industry reports indicate that the residential market is the largest market sector ...

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Liwa festival kicks off with best dates

  Emirates Business Over 100 baskets of dabbas were lined up on tables, awaiting judgement for the tastiest, healthiest and the best looking date. This variety of date, especially popular in Liwa oasis, was the first of the 10 ratab — half ripen dates — competitions to start the 12th annual Liwa Dates Festival. Organised by the Cultural Programmes and ...

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Turkey $9bn bond rout signalled by swaps after botched coup

  Bloomberg The thwarted coup attempt in Turkey is leaving derivatives traders with little doubt the country’s three-year sojourn in investment grade is coming to an end, potentially triggering a fire sale of almost $9 billion of bonds. In the three trading days since President Recep Tayyip Erdogan survived a bid by a faction of the military to depose him, ...

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Exxon grabs reins in InterOil hunt as rivals bow out of deal

  Bloomberg Exxon Mobil Corp. has a clear path to expanding its reach in Papua New Guinea after its rivals said they wouldn’t counter a $2.5 billion bid for gas explorer InterOil Corp. Oil Search Ltd. and Total SA had offered to buy InterOil in May in a deal that valued the company at $2.2 billion. Exxon topped it with ...

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Turkey imposes state of emergency after failed coup

  Ankara / AFP Turkish authorities on Thursday imposed a three-month state of emergency, strengthening powers to round up suspects accused of staging the failed military coup despite global alarm over a widening purge. President Recep Tayyip Erdogan declared the state of emergency, Turkey’s first in 14 years, shortly before midnight after a marathon meeting of his national security council, ...

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US may not defend NATO allies if Russia attacks, says Trump

  Bloomberg In his strongest remarks to date on the future of the western military alliance, Republican presidential nominee Donald Trump said the U.S. would only defend NATO members attacked by Russia after reviewing whether those nations “have fulfilled their obligations to us.” In an interview with the New York Times on Wednesday, the billionaire cast doubt on whether he ...

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