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Malabar Gold & Diamond taps diamond gifting market

  Dubai / Emirates Business No glitter, no glamour, Malabar Gold & Diamond’s latest brand film, which went viral in the last week been trending topic in India is positioned around a telephonic conversation between a husband and wife, but both the husband and wife happens to be the Bollywood celebs — KareenaKapoor and Saif Ali Khan. All the jewelers ...

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Joyalukkas Group launches breast cancer awareness drive

  Emirates Business While breast cancer deaths in the UAE have declined by almost 10%, and late detection of the disease has gone down from 64% to 16%, there is a growing concern about the rise in incidences amongst women under 40 years of age. It is with this insight that the Joyalukkas Group has launched Joyalukkas Think Pink 2016, ...

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Iran signs first new style energy agreement

  ANKARA / Agencies The National Iranian Oil Company (NIOC) on Tuesday signed a new style, less restrictive, output contract with an Iranian firm, a long-awaited template for contracts it hopes will tempt foreign energy investors back to boost production after years of sanctions. “The oil ministry welcomes cooperation with all companies that can … help boost Iran’s output,” the ...

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Iraq begins radio broadcast to Mosul ahead of offensive

  BAGHDAD / Reuters Iraq launched a radio station on Tuesday to help Mosul residents stay safe during the upcoming military offensive to dislodge IS from the largest city under its control, state TV said. The radio will give instructions on possible safe exit routes, places to avoid, where to find assistance and emergency numbers to call during the offensive. ...

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Libya oil output rises as Nation exempted from OPEC supply cap

  Bloomberg Libya’s oil production rose to 500,000 barrels a day and will further advance by the end of the month as the holder of Africa’s largest crude reserves was exempt from an OPEC accord to limit production, according to an official of the state oil company. The country’s production will reach 600,000 a day by the end of October, ...

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Doha International Family Institute to host annual global meet

  Doha / Emirates Business Doha International Family Institute (DIFI) has announced the dates and agenda for its second International Conference on Family Research and Policy, which will address the theme of ‘The Impact of Wars and Conflicts on Arab Families’. The conference will once again host researchers and policymakers from across the world at the Qatar National Convention Centre ...

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‘Hard Brexit’ fears push pound to 31-year dollar low

  London / AFP The pound slumped to a 31-year low against the dollar on Tuesday on concerns over the timing and terms of Britain’s planned exit from the European Union, traders said. Britain’s currency also struck a fresh three-year low point against the euro, while the drops helped pushed London’s benchmark FTSE 100 stocks index up to a 16-month ...

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Telecoms help Saudi rebound, rest of region quiet

  Dubai / Reuters Strong telecommunications shares helped Saudi Arabia’s stock market rebound on Tuesday after steep losses due to the kingdom’s austerity policies, while most other Gulf markets moved little. The Saudi stock index, which had dropped 3.7 percent in the previous two days, climbed 2.0 percent, although trading volume fell, suggesting many investors were not eager to buy ...

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Electrics up front at Paris car show

  FRANKFURT / AP Carmakers are finding the Paris auto show, held in a city whose mayor wants to ban diesels to reduce pollution, to be a fine place to show off new zero-emission electric vehicles. Most prominently, Volkswagen will unveil a small electric car as part of its pivot from diesel to more electric models as it struggles to ...

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Pilots, air traffic controllers shifting to text messaging

  CHANTILLY / AP Airline pilots and air traffic controllers are on schedule to switch to text communications at most of the nation’s busiest airports by the end of the year, a milestone that holds the potential to reduce delays, prevent errors and save billions of dollars in fuel cost, says the Federal Aviation Administration. Controllers and pilots will still ...

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