United Arab Emirates
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As American defense companies prepare to feel the ill effects of the sequester on their bottom lines, the companies are increasingly looking to court new customers abroad.
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The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs.
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DUBAI, Oct 4- An Islamic trade association in Iran strongly condemned the protests that flared in Tehran's main bazaar as an enemy conspiracy and said traders had dealt with the "treacherous" acts, Iran's state news agency reported late on Wednesday.
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SINGAPORE, Oct 4- U.S. crude held near $88 a barrel in Asia on Thursday after plunging more than 4 percent the day before, with data from the euro zone and China heightening worries about economic growth and oil demand. was up 5 cents at $88.19 a barrel by 0013 GMT.
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KHOBAR, Saudi Arabia, Oct 3- Top oil exporter Saudi Arabia has raised its Arab Light crude price for Asian buyers in November by 90 cents, its state-owned company Saudi Aramco said on Wednesday.
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By Yeganeh Torbati and Marcus George. DUBAI, Oct 3- Riot police clashed with demonstrators and arrested money changers in Tehran on Wednesday in disturbances over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said.
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TEHRAN, Iran-- Iranian authorities used aggressive measures Wednesday in an attempt to halt the nosedive of the country's currency, making arrests, vowing to stamp out sidewalk money changers and warning merchants against fueling the mounting public anger over the economy.
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FRANKFURT, Oct 3- Abu Dhabi based airline Etihad Airways is urging German peer Air Berlin, in which it holds some 30 percent, to offer joint flights with Air France, German paper Sueddeutsche Zeitung reported, citing Etihad's chief executive.
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Oil firm Surgut was believed to have awarded its tender for three cargoes from the Baltic port of Primork to Shell, Repsol and Litasco with prices of the prompt cargo pegged at around dated Brent minus $1.7 per barrel. Later cargoes were believed to be sold at dated Brent minus $1.50, some 20 cents stronger than prices earlier this week.
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FRANKFURT, Oct 3- Abu Dhabi is exiting its investment in German carmaker Daimler, a German magazine reported, citing unidentified people within Daimler. Abu Dhabi's sovereign wealth fund Aabar is transferring t he rights to the last 3 percent of the shares it holds in Daimler to Deutsche Bank, manager magazin said. Deutsche Bank declined to comment.
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By Yeganeh Torbati and Marcus George. DUBAI, Oct 3- Riot police clashed with demonstrators and arrested money changers in Tehran on Wednesday in disturbances over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said.
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DUBAI, Oct 3- Dubai's bourse hit its highest level in five months, while Abu Dhabi's index ended at a fresh 14- month high, as confidence in the reviving local property market boosted real estate stocks.
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KHASAB, Oman, Oct 3- The fibre-glass skiffs hurtle across the water at break-neck speed, skirting the rocky cliffs on the last leg of the perilous journey from Iran to the sleepy backwaters of Oman's Musandam peninsula.
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CAIRO, Oct 3- A trickle of foreign donor aid looks like Egypt's best hope of averting a balance of payments crisis for now because many of the investors who fled the country last year are loath to return until the government seals a loan from the IMF.
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*Seadrill may move to London, Singapore.
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DUBAI, Oct 3- Dubai's Emaar Properties will set up a new joint venture with the Iraqi government to develop housing in the war-torn country, Iraq's construction and housing minister said on Wednesday. Nine years after the United States invaded Iraq to topple Saddam Hussein, there are signs that foreign investment in the country is finally building momentum.
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DUBAI, Oct 3- Riot police clashed with demonstrators and foreign exchange dealers in Tehran on Wednesday over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said.
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*Strong demand for deal; order books over $6 billion. DUBAI, Oct 3- Qatar Islamic Bank, the Gulf Arab state's largest sharia-compliant lender, returned to global debt markets after two years with a $750 million Islamic bond sale on Wednesday, tapping into strong liquidity for regional issuers.
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*Cityscape projects include $1 bln Taj Mahal replica. DUBAI, Oct 3- Developers unveiled billion-dollar projects and new high-end residential developments at Dubai's Cityscape property show this week, as optimism returned to the emirate's battered real estate sector.
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DUBAI, Oct 3- Iranian riot police clashed on Wednesday with demonstrators and foreign exchange dealers in the capital Tehran over the collapse of the country's currency, which has lost a third of its value against the dollar in a week, witnesses said.
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SINGAPORE, Oct 3- Asia's fuel oil market remained depressed on Wednesday, with the prompt inter-month spread easing to a four-month low on weak demand, and further exacerbated by heavier arbitrage supply flows into Asia. -India's Hindustan Petroleum Corp Ltd.