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World-beater status at risk as India rebuts threat to growth

  Bloomberg Prime Minister Narendra Modi’s administration sought to refute concerns that the clampdown on cash would strip India of its status as the world’s fastest-growing big economy. Gross domestic product, which grew a slower-than-estimated 7.3 percent in July to September, will slump to 6.5 percent over the next quarter, according to the median estimate in a Bloomberg survey of ...

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US shale cheers OPEC as oil cut ends years of starvation

  Bloomberg The US shale industry, gutted by 2 1/2 years of bankruptcies, writedowns, credit downgrades and layoffs, is poised to step back from the brink, thanks to an old enemy: OPEC. Abandoning a policy that sought to starve shale explorers and other high-cost drillers into submission, the Organization of Petroleum Exporting Countries relented on Wednesday and agreed to curb ...

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Canada’s growth surprise affirms rise of services

  Bloomberg Canada’s economy just posted its best quarterly growth in two years. Third-quarter growth of 3.5 percent (at a seasonally adjusted annualized rate) topped the consensus estimate by one tick, and in doing so helped vindicate Bank of Canada Governor Stephen Poloz and his vision for the future of the Canadian economy, which continues to grapple with the impact ...

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Troops advance in Aleppo as UN warns of ‘giant graveyard’

  Aleppo / AFP Hundreds of elite Syrian troops moved into east Aleppo on Thursday ahead of a push into the most densely populated areas, after the UN warned the city risked becoming a “giant graveyard”. Despite fierce global criticism, forces loyal to President Bashar Al-Assad have pressed an assault to retake control of all of Aleppo, once Syria’s commercial ...

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VP, Mohamed , Rulers attend UAE Commemoration Day ceremony

  ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Their Highnesses the Supreme Council Members, on Wednesday, attended the UAE Commemoration Day ...

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Martyr’s memorial monument inaugurated in Umm Al Qaiwain

  Umm Al Qaiwain / WAM The sacrifices of the martyrs of the UAE Armed Forces embody loyalty and allegiance to the leadership and the nation founded by the late Sheikh Zayed bin Sultan Al Nahyan, said HH Sheikh Saud bin Rashid Al Mualla, Supreme Council Member and Ruler of Umm al-Qaiwain, at the inauguration of the martyrs’ memorial monument at ...

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‘Our martyrs a source of pride, inspiration’

  Abu Dhabi / Emirates Business Joining the nation in remembering the sacrifices of the UAE’s fallen heroes, ADNOC Distribution’s management and employees observed Commemoration Day with a minute of silence at 11.30am. To mark the occasion, the company honoured its employees who have martyrs among their family members, acknowledging their vital role in contributing to national unity. Saeed Mubarak ...

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50,000 pour out of east Aleppo as Syria army advances

  Aleppo / AFP More than 50,000 Syrians have joined a growing exodus of terrified civilians from east Aleppo, a monitor said on Wednesday, as the UN Security Council was set for emergency talks on fighting in the city. As government forces pressed an assault in the divided city, regime artillery fire killed at least 21 civilians in east Aleppo ...

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Trump may select Mitt Romney as chief diplomat

  New York / AFP Donald Trump dined Tuesday at one of New York’s swankiest restaurants with Mitt Romney, his erstwhile foe turned potential frontrunner in the race to become America’s next secretary of state. The dinner came as the president-elect got a shot in the arm by a manufacturing company announcing a deal to keep nearly 1,000 jobs in ...

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GCC food imports expected to reach $53.1bn by 2020

  Abu Dhabi / Emirates Business Abu Dhabi based Jenaan Investment, is participating at SIAL 2016 which is being held at Abu Dhabi National Exhibition Centre (ADNEC) from December, 5-7. As an investment specialist within the agricultural value chain, Jenaan has a strategic objective to contribute positively towards the UAE’s food security, by investing in diversified types of agro-related projects, ...

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