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Thursday, January 08, 2009
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Oil below $43 after 12pc fall
Singapore: 
 
  Oil hovered below $43 on Thursday after tumbling 12 percent overnight, its largest percentage drop in seven years, as a US government report showed crude stocks rose much more than expected in the world's top energy consumer.  
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The World sub-developers 'in trouble'
Dubai :  
  Signs of a deep downturn in Dubai's property market intensified on Thursday as government-owned developer Nakheel entered financing talks with banks over a major project and a second hallmark project faced delays.    
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Windows 7 beta testing to start on Friday
Las Vegas: 
  Microsoft Corp plans to let consumers test the next generation of its computer operating system, Windows 7, starting on Friday and said the new software is 'absolutely on track.'         
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  More top stories

Israel, Hamas hold fire to allow aid into Gaza
Agility Qatar to merge with Gulf Warehousing
Riyad Bank to set up insurance firm, plans IPO
The Gulf Online Featured Stories
The Gulf Online Feature Stories
   

  International Business News   International News
 

Economic crisis fears return, stocks down
Oil below $43 after 12pc fall

Dollar falls as euro recoups sharp losses
 

Israel bombards Gaza, US backs truce
Israel, Hamas hold fire to allow aid into Gaza

Egypt floats truce plan; 42 killed in Gaza school
   
 
  Alfanar wins Makkah power project  
  Alfanar Construction, a part of Alfanar Group, has signed a contract to build a new 380kV substation worth SR444 million for Makkah West with Saudi Electricity Company (SEC).  
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CPC unit wins Jabal Omar project deal
WCT calls Meydan move a 'breach'
 
   
  32-day DSF 2009 to begin on Jan 15  
  Dubai Shopping Festival Office has revealed a colourful calendar of events for the 14th  edition of the festival beginning on January 15  
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Virgin Atlantic unveils anniversary campaign
Fairmont launches ‘Deluxe Plus’ benefits
 
   
  Dana Gas to boost output, stays profitable  
  United Arab Emirates-based Dana Gas said it plans to expand its production rate by 76 percent this year and that it remains profitable despite the economic slowdown.  
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Abu Dhabi oil output may top 3.5m bpd
Kuwait makes deeper oil supply cuts
 
   
  Gulf pumping billions into plastics, tube industry  
  Investments in plastics and tube industries are on the upswing defying the global financial crisis, as investors shift their sights to industrial investments that are safer and more promising, said an industry expert.  
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Dow plans legal action against Kuwait
Indian buys Egypt medical firm for $18m
 
   
  Major deals seen at Arab Health show  
  Multi-million dollar deals are expected to be announced later this month at Arab Health, the region's largest science gathering.  
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Aswaaq launches Thalassaemia campaign
Qatar consortium for Arab Health Expo
 
   
  KI forecasts 100pc growth in GCC  
  One of America’s largest office furniture manufacturing companies, Krueger International (KI), is forecasting a 100 per cent increase in GCC turnover in the 2009 financial year.  
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Midas opens new showroom
Depa wins Saudi ministry contract
 
   
  Windows 7 beta testing to start on Friday  
  Microsoft Corp plans to let consumers test the next generation of its computer operating system, Windows 7, starting on Friday and said the new software is 'absolutely on track.'      
  Read More  
 

2Connect bids for third mobile licence
Intel sees major changes in notebooks
 
   
  The World sub-developers 'in trouble'  
  Signs of a deep downturn in Dubai's property market intensified on Thursday as government-owned developer Nakheel entered financing talks with banks over a major project and a second hallmark project faced delays.  
  Read More  
 

Wasl appoints three service providers
Damac ‘XL Tower’ rises at Business Bay
 
   
  BLME seals $48m property finance deal  
  The Bank of London and The Middle East (BLME) yesterday announced the successful completion of a £31.5 million ($47.5m) finance transaction for Premio Group Holdings.  
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New Saudi equity fund launched
Al Salam unit pays dividend
 
 
  Sony to launch 'lightest' 8-inch notebook PC  
  Japan's Sony Corp plans to launch the world's lightest 8-inch notebook PC, taking aim squarely at a rapidly growing market for ultra-portalbe personal computers.  
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New notebook stands introduced
Westcon ties up with Sonicwall
 
   
  Abu Dhabi eyes 7pc GDP growth to 2015  
  Abu Dhabi said on Wednesday it was aiming for 7 percent annual economic growth through to 2015 by developing its non-oil sector and would tap new revenue sources such as government bonds to finance its budget.  
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Tough times seen for Egypt, Gulf economies
Bahrain outlook negative says Moody's
 
   
  LG to launch Netflix TV sets soon  
  Netflix and LG Electronics said on Sunday that LG will soon introduce TV sets that can screen Netflix movies directly from the Web without an external box.  
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