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Etihad Airways adds more flights to Kerala

  Thiruvananthapuram / Emirates Business Etihad Airways is celebrating 10 years of flying to the southern Indian state of Kerala with the introduction of additional flights to the popular destination. The airline has launched a fourth daily non-stop service between Kozhikode and its Abu Dhabi hub offering convenient onward connections to cities worldwide. The extra capacity takes to 63 the ...

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wasl announces Dubai’s 2nd Mandarin hotel

  Dubai / Emirates Business wasl Asset Management Group, one of the largest real estate development and management companies in Dubai – has announced the launch of the city’s second luxury Mandarin Oriental hotel, which is due to open in November 2020. The new location in Dubai’s Commercial District of Sheikh Zayed Road will complement wasl’s Mandarin Oriental hotel on ...

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New radar system in Dubai to detect rain from 200 km

  Dubai / WAM Hussain Nasser Lootah, Director-General of Dubai Municipality inaugurated the Meteorological Radar project, which was launched by the Municipality in the field of Geodetic Survey. The project is implemented as part of the development of the early warning system for weather forecasting and monitoring of climate change and its impact on all regions of the Emirate of Dubai. ...

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Climate skeptics assume risks are overhyped

  Bret Stephens of the New York Times made a splash the other day with a column questioning the scientific consensus on climate change. Stephens didn’t cite any skeptical research papers or alternative theories — his doubt was based purely on distrust of those who make confident predictions. We live in a world in which data convey authority. But authority ...

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Italy is Europe’s next big problem

  Emmanuel Macron looks on course to become France’s new president, ending the threat of a euroskeptic at the Elysee. Even if Macron wins, though, it’ll be too soon to celebrate a new phase of stability in the euro zone. Across the Alps, an economic and political storm is brewing — and there’s no sign anyone can stop it. Italy’s ...

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Reviving productivity is a moral imperative!

  The United States is a land of diminished economic prospects. Today the recession is over but the slowdown isn’t: The most recent projections by the Federal Reserve imply future growth in output per head of barely 1 percent a year. That matters for many reasons. For one thing, as Benjamin Friedman argued in “The Moral Consequences of Economic Growth,” ...

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Saudi markets drop with oil

  DUBAI / Reuters Saudi Arabian stocks fell on Wednesday after oil prices slipped, while an interview by the top economic policy official, Deputy Crown Prince Mohammed bin Salman, did little to boost sentiment. Other regional bourses were mixed in quiet trade. Advanced Petrochemical drop-ped 2.5 percent after the polypr-opylene maker posted first-quarter net income of 124 million riyals ($33.1 ...

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Stocks sag on Apple miss, dollar climbs before Fed

  Bloomberg US stock futures pointed to a downbeat opening after European shares fell from a 20-month high as investors digested poor overnight news on Apple Inc. earnings. The dollar strengthened before a Federal Reserve meeting where policy makers will need to mull over another soft patch in the US economy. Apple Inc. fell 1.2 percent in pre-market New York ...

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Saudi to control oil reserves, output after Aramco IPO

  Bloomberg Saudi Arabia’s giant oil and gas reserves and any decisions about producing from them will remain solely in government hands after Saudi Aramco’s initial public offering, Deputy Crown Prince Mohammed bin Salman said on state television. The world’s largest oil exporter known formally as Saudi Arabian Oil Co. holds a concession to pump the kingdom’s oil and gas, ...

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Oil rises from 6-week low as US glut eases

  Bloomberg Oil rebounded from a six-week low on signs the US crude surplus is easing and as Russia signaled support for longer production cuts with OPEC. Futures in New York rose as much as 1.1 percent after closing at the lowest since March 21. US crude inventories fell by 4.16 million barrels last week and gasoline dropped by 1.93 ...

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