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Clashes erupt as Israel destroys Palestinian home over cop’s killing

  Nablus / AFP Clashes erupted on Monday as Israel’s military demolished the home of a Palestinian accused of involvement in a February attack outside Jerusalem’s Old City that killed a policewoman, officials said. The family home of Bilal Abu Zeid in Qabatiya, in the north of the occupied West Bank, was destroyed by a bulldozer around 2:00 am (2300 ...

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France falls silent for Nice victims as politicians bicker

  Nice, France / AFP France fell silent on Monday for the victims of the Nice truck attack, but the mourning was overshadowed by politicians tearing into each other over the massacre. A sea of people thronged the Nice promenade for the emotional minute’s silence just days after a Tunisian attacker drove a truck into a crowd at the same ...

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May stresses UK’s role as global player

  Bloomberg Prime Minister Theresa May will make the case for Britain remaining a powerful player in the world after last month’s vote to leave the EU. The premier will use her first appearance in parliament since succeeding David Cameron to argue for renewing the Trident nuclear-weapons system after a weekend in which the team overseeing the divorce from the ...

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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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‘Council’ discusses opportunities, challenges in industrial sector

  Abu Dhabi / Emirates Business The Industrial Coordination Council recently held its first meeting at the Ministry of Economy’s headquarters in Dubai headed by HE Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Board. Also in attendance were Council members representing the Ministry of Climate Change and Environment; the Industry Development Office in Abu Dhabi; ...

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Cyber scams: Financial enterprises to act cautious

  Alkesh Sharma / Emirates Business As UAE financial institutions face unnerving and intricate challenges in light of increasing cyber scams, big data emerges as one of the major carriers of malware to the company’s system. According to industry pundits, apart from using a foolproof anti-virus to counter this problem, a close study of algorithms and better usage of statistics ...

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Trendy IoT to change industries as they look

  RITIKA SHARMA / Emirates Business Among various technological developments, Internet of Things (IoT) is expected to remain a key trend in the UAE as the nation moves towards its goal of becoming a knowledge-based economy by 2021 and prepares to host the world’s biggest exhibition event, Expo 2020. Regional experts believe IoT will change the face of industries in ...

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SMEs need more financial fillip

  RITIKA SHARMA / Emirates Business Though much is being said and done to promote small and medium scale enterprises (SME) in the region, there are certain aspects that need special attention, experts opine. A recent report suggests that SMEs in the region are still struggling with funding gaps and lack of commercial expertise. It is notable that while SME sector ...

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Discount’s Adama stake sale to ChemChina to hike revenues

  Bloomberg Discount Investment Corp. is poised for the biggest increase on record after entering into an accord to sell its remaining stake in Adama Agricultural Solutions Ltd., the world’s largest maker of generic agro-chemicals, to China National Chemical Corp. Shares in Discount leaped 23 percent to 10.94 shekels in Tel Aviv in 21 times the 3-month average daily volume. ...

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Citigroup lowers forecast for growth on rate expectations

  Bloomberg Citigroup Inc. reduced its forecast for net interest margin, the difference between what it makes on loans and pays for funds, on expectations interest rates will remain low for a longer stretch than bank executives previously thought. The margin will be about 2.90 percent in the second half of 2016, down from a previous forecast of 2.95 percent, ...

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