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Exxon’s $2.5 billion bid for PNG’s InterOil tops Oil Search offer

  Bloomberg Exxon Mobil Corp. is doubling down on Papua New Guinea, topping a rival offer for InterOil Corp., a gas explorer focused on the Southeast Asian nation. The energy giant’s offer values InterOil at $2.5 billion, including debt, beating an earlier bid from Oil Search Ltd. and Total SA. Exxon already runs Papua New Guinea’s only liquefied natural gas ...

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Venezuelans pour into Colombia again as border reopens

  San Antonio del Táchira / AFP Tens of thousands of Venezuelans again streamed into the Colombian city of Cucuta, taking advantage of the temporary reopening of a long-closed border to buy food and medicine due to shortages at home. Border crossings over two international bridges were opened in the early morning hours without restrictions, although identity cards were checked. ...

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Brent crude fails to extend gain as Turkey oil flows continue

  Bloomberg Brent crude held below the highs reached following a failed coup in Turkey last week as shipments continued through the vital conduit for oil from Russia and Iraq to the Mediterranean Sea. Futures were little change in London, below levels touched on Friday as the coup raised concern about potential disruptions. Oil tankers are loading and unloading cargoes ...

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Nepal’s rustic sees road to vogue

  Lo Manthang / AFP A Himalayan Shangri-La that was closed to visitors until 1992, the former Buddhist kingdom of Upper Mustang in Nepal is facing unprecedented change as a new highway brings modernity to the roof of the world. Kerosene lamps have given way to solar panels, denim sneakers have replaced hand-stitched cowhide boots and satellite dishes are taking ...

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The dual ‘goals’ of students in Ghana

  Ghana / AFP Patience Kum strides across the training pitch of the Right to Dream academy, a football centre of excellence nestled in the Ghanaian countryside, and welcomes visitors with an assured handshake. The 14-year-old managed to convince her mother she should go to the school some 100 kilometres (60 miles) east of the capital Accra, because it teaches ...

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Witness the ‘Flip(ness)’

  Our Correspondent EMIRATES BUSINESS Flip Out is Australia’s first, largest and premier trampoline park operator offering an unforgettable, fun trampoline park experience. The entire brand and every venue is edgy, cool and grungy – kids and adults alike love it. Flip Out started with very humble beginnings in a Western Sydney car park in December 2012 and has now ...

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Made for the people of style

  Our Correspondent EMIRATES BUSINESS Citizen watch is a true manufacture d’horlogerie with a comprehensive manufacturing process that extends from creating a watch’s individual components to its final assembly. The company operates in more than 100 countries around the world. Since its founding in 1918, Citizen have held the belief of ‘Better Starts Now’ — that is, no matter who ...

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UAE at Arab Human Rights meet

  Cairo / WAM The United Arab Emirates is participating in the 40th meeting of the Permanent Arab Committee for Human Rights, which began on Sunday at the headquarters of the General Secretariat of the Arab League in Cairo, Egypt. Mohamed Al Rashidi, Legal Advisor to Oman’s Minister of Justice is heading the five-day meeting with the participation of representatives ...

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