ABU DHABI — The President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, yesterday received a phone call from the US President, George W. Bush. They discussed a number of regional issues, friendly relations between the two countries and ways to boost them.President Bush praised Shaikh Khalifa for his role and efforts at regional and international levels. He also lauded Shaikh Khalifa for the UAE's moderate policy, saying that is one of the major factors of stability in the region. Shaik
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DUBAI — The First Arab-Russian Gala will take place in Dubai on November 6 at Madinat Jumeirah, gathering more than 700 distinguished guests from the UAE, Russia and across the world. The programme includes a gala dinner, performances by top popular and classical Russian and Arab artistes, a charity auction and fashion show.Proceeds of the gala will benefit the Rashid Paediatric Therapy Centre for children with special needs and the Welfare Association, a leading Palestinian non-governmental
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ABU DHABI — The New Asian-African Strategic Partnership (NAASP) ministerial conference on "Capacity Building for Palestine" will be held at Shangri-La hotel in Jakarta, Indonesia, on July 14. The representatives from more than 100 Asian and African countries will gather and pledge capacity building projects for Palestine.In an interview with Khaleej Times, the Ambassador and Special Envoy of Indonesia, Ibrahim Yusuf, who visited the capital to invite the UAE government officials to
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LONDON - Oil leapt $5 to a record high above $147 a barrel on Friday amid growing worries of threats to supplies from Iran and Nigeria and a strike by Brazilian oil workers next week. The gains were trimmed back later in the day, however, as dealers focused on U.S. economic turmoil that has already triggered a significant slowdown in oil consumption in the world's biggest energy user. U.S. crude rose $2.15 to $143.80 a barrel by 1648 GMT after climbing as high as $147.27 earlier in the day. It
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DUBAI - Emaar Properties recognised its top-selling agents, including three local real estate agencies and one international agency, for their impressive sales of Emaar's projects in 2007. Hamptons International Dubai, Pan East Real Estate Brokers and Dehkadeh Real Estate Broker were the top-selling agents locally while Hawk Impax Trading was feted for being the top-selling international agent. Saif Al Mansoori, Sales Director, Emaar Properties, presented the prizes to the agents at a ceremony
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KARACHI - Karachi stocks finished the weekend session with an extended fall as investors did not express any optimism about the outcome of crucial SECP-KSE meeting to put the market back on the rails. The KSE 100-share index shed another 77.30 points at 11,695.82 as leading base shares remained under pressure under the lead of oil and banking giants. The 30-share index on the other hand was quoted lower by 112.46 points at 13,405.35.Analysts are unsure about its future direction in the prevail
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ISLAMABAD - Pakistan's government is seeking $65 billion investment in the manufacturing sector to double its weakening exports. Informed sources said that the Planning Commission has been assigned a task to develop a new strategy to increase exports by facilitating local and foreign investors in the manufacturing sector which recorded the "weakest growth" in a decade during previous financial year 2007-08.The overall manufacturing sector has posted a growth of 5.4 against the target
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SHANGHAI - Shanghai aluminium futures rose 1 percent after London metal hit a record high, buoyed by news that China's top smelters will cut output given power supply shortages and high costs. Shanghai September aluminium the most active on the Shanghai Futures Exchange, closed up 185 yuan at 19,750 yuan ($2,889).Aluminium for delivery in three months rose $20 to $3,310 by 0700 GMT, approaching its all-time high of $3,380 per tonne struck on Thursday.The record peak was triggered by China's to
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DUBAI - Depa Limited has secured orders for the complete fit out works for eight prestigious new five and four star hotels across the UAE as well as a private palace located in Dubai. The value of these orders amount to over Dh800 million and are all due to be completed by December 2009, the company said in a Press statement. These orders include the complete fit-out works for five of the seven hotels located on Yas Island, Abu Dhabi. The island is the site of a $40 billion development project
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Dubai: Four people died on Friday in separate road accidents across Dubai in the space of seven hours, police said.The first fatality occurred when a car ran over a pedestrian near the exit of Airport Tunnel shortly after midnight. Both the motorist and the pedestrian were not paying attention to the road and the motorist was speeding, police said. The second death occurred at 4am when a car ran over a man at Al Ruwayya sandy area while reversing without paying attention. Police said the thi
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