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Dubai to host global travel and tourism summit next month

Dubai: The 8th Global Travel and Tourism Summit, a World Travel and Tourism Council (WTTC) initiative, will be held in Dubai from 20th to 22nd April at the Madinat Jumeirah. Congress Solutions International (CSI), the official summit co-ordinator, is putting the finishing touches to the event. « Dubai is one of the world’s fastest-growing tourism hubs. …

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Dubai horse fair attracts firms from 30 countries

Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, inaugurating the Dubai International Horse Fair at the Dubai International Convention and Exhibition Centre yesterday. Dubai horse fair attracts firms from 30 countries Staff Report Published: March 20, 2008, 23:54 Dubai: Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai …

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UAE stocks continue slide amid bearish global trend

Abu Dhabi: The UAE stock markets continued their slide on Sunday in line with the bearishness prevailing in global financial markets. Markets worldwide were highly volatile last week, impacted by lifetime-high oil prices and a weak dollar. Traders were unnerved by global concerns that the US economy is fast heading towards recession. The Emirates Securities …

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Jumbo plans Dubai listing with eye on retail investor

Dubai: Jumbo Group, the $2 billion electronics retailer, is planning to expand business organically as well as through acquisitions, in addition to a planned listing in Dubai. « Given Jumbo’s current financial position, we would, in fact, be interested in acquiring some businesses with synergies, » Vidya Chhabria, chairperson of Jumbo Group, said, responding to takeover rumours. …

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Airline officials in UAE optimistic of India operations

Dubai: Airline officials in the UAE on Tuesday said they would continue to operate flights to India despite a major strike by airport employees. « Emirates flights to India will continue to operate as per schedule, » the Emirates spokesperson said in an e-mailed statement « We have been informed that airport authorities and private ground handling agencies …

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Oil prices hit new record above $106 on interest rate, dollar expectations

New York: Oil prices jumped to a new record above $106 on Friday but extended their recent pattern of choppy trading after a weak jobs report convinced many traders that the Federal Reserve’s interest rate-cutting campaign will continue. Employers cut 63,000 jobs in February, the biggest drop in five years, the Labor Department said Friday. …

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