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Equity index provider MSCI on Tuesday lowered Greece to emerging market from developed market status, citing failure to qualify on several criteria for market accessibility.
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TORONTO, June 18- Canada's Tim Hortons Inc is under mounting pressure from activist investors to boost shareholder value a few weeks before a new CEO takes over after a second hedge fund said it had amassed a big stake in the coffee and doughnut chain.
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DAKAR, Senegal-- A team of Al-Jazeera journalists was released late Monday after being detained for three days in eastern Niger, where they were held in a prison cell, according to a statement from the Qatar- owned network.
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CAIRO, June 17- Does Egypt face a new revolution? Millions hope so, it seems; they have signed a national petition demanding the president resign and plan to take to the streets on June 30, when Mohamed Mursi marks a year in office.
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CAIRO, June 17- Does Egypt face a new revolution? Millions hope so, it seems; they have signed a national petition demanding the president resign and plan to take to the streets on June 30, when Mohamed Mursi marks a year in office.
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LOS ANGELES-- Aecom Technology Corp., which offers construction management and other services to governments and corporations, on Monday said it received a $148 million contract to provide construction-supervision and design-review services for part of the Doha Expressway program is Qatar.
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*Russia says U.N. decisions by' consensus' are too vague. *Belarus, Ukraine back Moscow after defeat in Qatar. Seething after they were overruled in a consensus decision at U.N. talks in Qatar last year, Russia, Belarus and Ukraine blocked one strand of two-week climate talks in Bonn ending on Friday, by insisting on clearer rules for decision-making.
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CAIRO/ LONDON, June 13- A plan by Egypt's Islamist-led government to develop the land along the Suez Canal faces fierce opposition in districts that have been flashpoints for violence before, and may even threaten traffic on the strategic waterway.
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Sheikh Hamad bin Jassim has negotiated some of the fund's most prominent deals, including talks with Glencore's chief last year when Qatar demanded better terms for backing the firm's purchase of Xstrata. The companies eventually merged to create Glencore Xstrata.
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MOSCOW, June 13- China's Sinopec is negotiating to join a $20 billion liquefied natural gas project run by Russia's Novatek, a source close to the talks said, which would be the biggest foray yet by a Chinese firm into Russia's Arctic.
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Global index compiler MSCI has upgraded the United Arab Emirates and Qatar to Emerging Market status from Frontier Market, marking a new era for their capital flows.
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*Qatar c.bank gov says more flexible currency may become desirable. Five of the six oil exporters in the Gulf Cooperation Council- Saudi Arabia, the United Arab Emirates, Qatar, Oman and Bahrain- fix their currencies against the U.S. dollar under arrangements dating back as far as the 1970 s.
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DUBAI, June 12- After several sluggish years, mergers and acquisitions activity within the Middle East is showing signs of revival, giving hope to global banks which scaled back their regional operations because of a dearth of deal flow.
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LONDON, June 12- MSCI, the most widely used equity index provider, prompted market fears about both Greece and Egypt on Wednesday, after demoting the former and then raising concerns about getting money out of the latter.
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*Energy shortages in former exporter Egypt. CAIRO, June 11- A gift of gas to Egypt from tiny Qatar shows just how tough this summer is shaping up to be for the government in Cairo, facing a funding crunch and power cuts as it struggles to contain explosive public discontent.
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LONDON, June 11- A new deal to curb carbon emissions could copy features from the Montreal Protocol, which the United States and China favoured over its Kyoto counterpart in an agreement on greenhouse gases at the weekend.
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DOHA, June 10- Qatar's powerful prime minister is preparing to step down as part of a wider power transition that may also see the country's ruler ceding power to his son, Crown Prince Sheikh Tamim, Arab and Western diplomats said on Monday.
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DUBAI, June 5- A strike by thousands of migrant workers at Dubai's biggest builder Arabtec last month may be a harbinger of a new wave of industrial activism that threatens to disrupt the Gulf's latest construction boom.
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*Egypt stocks jumped 4 pct in May. The MSCI dollar-denominated Egypt index jumped 4 percent last month, outperforming a 4 percent decline in the broader MSCI emerging market index, of which Egypt is a constituent alongside larger emerging economies such as China, Brazil, Russia and India.
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DUBAI, June 5- Investors are betting that the United Arab Emirates will finally be elevated to emerging market status in a review of MSCI indexes next week, but expect Qatar to miss out due to still stringent foreign ownership limits.
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DUBAI, June 4- Wealthy individuals in the Middle East and Africa saw the value of their assets rise by 9.1 percent to $4.8 trillion in 2012, a study by the Boston Consulting Group showed, as strong economies and rising equity markets fuelled regional growth.
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