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Qatar SWF says it has US$30bn to spend this year - Banking & Finance - ArabianBusiness.com
Qatar's aggressive sovereign wealth fund, the Qatar Investment Authority (QIA), has US$30bn to spend this year, executive board member Hussain Al Abdulla said at a conference on Sunday.
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Finds that form a bedrock of hope - FT.com
Good piece from the FT on Shale Gas
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Eole Uses Wind Power to Make Water From Desert Air | Green Prophet
A revolutionary way to condense water from the desert air, powered by – and housed within – a wind turbine has been tested in the UAE since October of 2011, by French innovation startup Eole Water. The ground-mounted version has proven that it can condense up to 800 litres a day from air with just the 15-20% humidity typical of the region, and the company believes that a tower top turbine will produce levels well over 1,000 litres (264 gallons) a day.
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Qatar increases stake in Europe's Total to 3% - Banking & Finance - ArabianBusiness.com
Qatar’s stake in Total, Europe’s third-largest oil company, has risen to three percent, Christophe de Margerie, Total’s chairman and chief executive officer said on Saturday. “It’s a good company, it’s a good investment,” de Margerie said in an interview in Doha.
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Emirates boosts US services with JetBlue deal - Transport - ArabianBusiness.com
Emirates Airline customers travelling to the United States will soon enjoy seamless connections to a dozen US cities, after the airline announced the start of a one-way codeshare with JetBlue.
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First Solar to close German plants, lay off 2,000 workers - The Washington Post
First Solar, one of the world’s leading solar-panel makers, announced Tuesday that it will close its German manufacturing operations late this year, indefinitely idle four of its 24 production lines in Kulim, Malaysia, on May 1 and lay off 2,000 employees — about 30 percent of its global workforce.
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Taliban commander turns self in... for reward on ‘Wanted’ poster - BlogPost - The Washington Post
Mohammad Ashan, a mid-level Taliban commander in Paktika province, strolled toward a police checkpoint in the district of Sar Howza with a wanted poster bearing his own face. He demanded the finder’s fee referenced on the poster: $100.
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Saudi food firm posts 46.7% rise in Q1 profit - Retail - ArabianBusiness.com
Saudi food and drink manufacturer Savola Group recorded a 46.7 percent jump in first-quarter net profit, beating forecasts. The firm reported earnings of SR242.2m ($64.6m), up from SR165.2m a year earlier, according to a statement posted on the bourse website.
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Obama oil regulation proposal $52 million price tag for increased regulation
President Obama on Tuesday will formally unveil a $52 million plan that would look to address rising oil prices by "cracking down" on oil market manipulation with the help of stronger federal oversight and higher penalties.
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Egypt panel definitively bars top 3 presidential candidates from elections - The Washington Post
CAIRO — Egypt’s election commission rejected the appeals of three main contenders for president Tuesday, definitively removing the most polarizing candidates from the race to become the country’s first elected leader since the ouster of Hosni Mubarak.
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Mubadala in $1bn deal as supplier to Boeing - The National
Mubadala Aerospace yesterday announced a US$1 billion (Dh3.67bn) contract to build major sections for the Boeing 777 and 787 Dreamliner airliners at its Strata Manufacturing plant in Al Ain.
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Saudi Arabia bans ‘emos’ from universities
Saudi authorities on Sunday banned university students from emulating ‘emo’ subculture according to a report in Al Riyadh newspaper on Sunday. Universities across the kingdom have been asked to ban students from sporting ‘emo’ clothing and hairstyles after an investigation cited this culture to be “improper and deviant” reported Al Riyadh.
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Newt nipped by zoo penguin, gets Band-Aid | Reuters
Newt was nipped on the finger by a penguin during a private tour of the famous St. Louis zoo on Friday before he spoke to the National Rifle Association convention, zoo officials confirmed on Monday.
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German shipping company says no arms on Syria-bound vessel
A German shipping company ordered its vessel Atlantic Cruiser to turn its transponder back on Monday after the ship suspected of smuggling Iranian arms to Syria switched off the tracking system because its crew feared attack, the firm said on Monday.
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Man 'did not rape' because his wife's prettier - The National
ABU DHABI //The lawyer of a man charged with rape has requested permission to bring his client's wife to court, claiming she is so beautiful that he has no need for other women. The Filipina maid of RM, a Jordanian, accused him of committing the crime while his wife was at work and his 13-year-old son was playing computer games in his room.
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Egyptians in fear of a plot … but which one? - The National
What has emerged is a country ruled by islands of power, each following its own agenda. This has created a debilitating transitional weakness: security has declined, the economy is in tatters and the country often appears on the verge of a nervous breakdown with frequent street protests and scandals. "Egypt's institutions haven't collapsed, whether it's the judiciary, the military, the press, universities or parliament, but they are not working in tandem any more," said Khaled Fahmy, a history professor at the American University of Cairo. "There is no one centre in the country that can force its will and achieve some kind of harmony between these different groups."
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Senate Blocks Buffett Rule 30% Tax Floor on Top Earners - Bloomberg
The U.S. Senate blocked the proposed Buffett rule that would set a minimum 30 percent federal tax rate for the highest earners, stopping the legislation for now while an election-year debate on tax policy and income inequality continues.
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Andreas Ias, the Danish activist that was hit in the face with an M-16 rifle by senior IDF officer Lt.-Col. Shalom Eisner on Saturday, said on Monday that the officer's claim that the activists were violent is a fabrication. The beating of the pro-Palestinian activist by a senior IDF officer was seen in a film posted
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