United Arab Emirates
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A dramatic shift in how energy is being produced and consumed around the world could lead to far-reaching changes in the geopolitical order.
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WASHINGTON-- The White House says the crown prince of the Emirati capital of Abu Dhabi will visit with President Barack Obama later this month. Sheik Mohammed bin Zayed Al Nahyan will meet with Obama at the White House on April 16.
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NEW YORK, April 4- If you read just one book this spring to understand how the world is changing, it should be Mohsin Hamid's new novel, "How to Get Filthy Rich in Rising Asia." Asia's rise is a story of the eastward tilt of global gross domestic product, but behind those numbers are billions of individual lives that are being radically transformed.
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WASHINGTON, April 4- The president of the U.S. Export-Import Bank on Thursday defended his agency in face of attacks by conservative Republicans who want to close it and a new complaint by Delta Air Lines Inc that the bank's support for Boeing gives foreign airlines an unfair advantage.
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*Companies traditionally rely on bank loans. *Riyal sukuk issuance more than doubled last year- HSBC. DUBAI, April 4- After years in which the growth of Saudi Arabia's bond market lagged its economy, the market is taking off as local companies rush to issue debt- though low returns are keeping foreign investors on the sidelines.
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Saudi Aramco raised the official selling price for its main Arab Light grade for May to a premium of $1.80 a barrel over regional benchmark Oman/ Dubai crude, up from $1.30 for April cargoes, and the first increase in three months.
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WASHINGTON, April 4- The president of the U.S. Export-Import Bank on Thursday defended his agency from conservative Republicans who want to close it down, as well as against a new complaint by Delta Air Lines Inc that the bank's support for Boeing gives foreign airlines an unfair advantage.
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LONDON, April 4- Stronger manufacturing and services output in China helped lift emerging market business confidence in March, masking slower growth in Brazil, Russia and India, a monthly purchasing managers' survey showed.
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NEW YORK/ SAN FRANCISCO, April 3- Investors trying to assess when the Federal Reserve will start to trim its economic stimulus via massive asset purchases would do well to track any progress Washington makes in reaching a budget deal.
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NEW YORK-- Shares of Abercrombie& Fitch Co. rose Wednesday on optimism about its international expansion plans and focus on boosting profitability. THE SPARK: The teen clothing retailer said in its annual report filed late Tuesday that it plans to open Abercrombie& Fitch flagship locations in Seoul and Shanghai and about 20 international Hollister stores.
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DUBAI, April 3- Sudan hopes to collect up to $1.2 billion in transit fees in 2013 after oil starts to flow from South Sudan, and is considering a new tax on gold trade, Finance Minister Ali Mahmoud said on Wednesday.
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CAIRO, April 3- After buying gold plates for 100,000 Egyptian pounds, Naer Wahid is considering whether to use the rest of his savings to acquire, with his sisters, an apartment or plot of land outside Cairo.
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*Iraq economy booms, increasing savings. BAGHDAD, April 3- When a recent lecture for a group of Baghdad university students started with the question, "What is the Iraq Stock Exchange?"
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DUBAI/ KHOBAR, April 3- Saudi Arabia is unlikely to produce much shale gas this decade, hampered by scarce water and prices fixed far below production costs, but it has the reserves, the desire and the potential to become a shale giant one day.
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Canada was one of more than 30 countries, mostly Western, that benefited from a visa waiver the UAE offered to their citizens. Dubai carrier Emirates had been lobbying the Canadian government to boost its thrice-weekly direct flights to Toronto and more Canadian destinations, with support from the UAE government, but failed to gain greater access.
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ABU DHABI, April 3- National Bank of Abu Dhabi named the banker who led Australia and New Zealand Banking Group's push into Asia as its chief executive on Wednesday, as it expands abroad from its saturated local market.
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Thousands of U.K. financial sector workers risk being frozen out of the industry unless they pass mandatory tests measuring their personal ethics and integrity.
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LONDON, April 2- Thousands of financial sector workers risk being frozen out of the industry unless they pass mandatory tests measuring their personal ethics and integrity.
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A dramatic shift in how energy is being produced and consumed around the world could lead to far-reaching changes in the geopolitical order.
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*Budget suggests Qatar now moving to implement it. DOHA/ DUBAI, April 1- Qatar plans to boost government spending by 18 percent to 210.6 billion riyals in the 2013/ 14 fiscal year that began on Monday, the QNA state news agency quoted Finance and Economy Minister Youssef Kamal as saying.
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*Portugal faces stiff competition for foreign investment. TORRES VEDRAS, Portugal, April 1- For Portugal to succeed in ambitions to reindustrialise its shrinking, debt-laden economy, it will not be down to the revival of mass manufacturing but to the sprouting of high-tech start-ups such as UAVision.