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The UAE executive spearheading efforts to develop a series of eye-catching ‘underwater hotels’ at locations around the world has revealed the project has attracted ‘huge’ interest, including an offer to develop several properties for the Chinese market. Khamis Juma Buamim, chairman of Dubai industrial giant Drydocks World and Maritime World, says the collaboration between his firm and European company Deep Ocean Technology on new properties dubbed ‘water […]

NEW DELHI – India, the world’s biggest buyer of gold, raised duties Tuesday on bullion imports for the third time this year as it battles to narrow a record trade gap and stabilize the rupee. The government increased the customs duty on gold to a record 10 percent from eight percent as it strives to break the country’s love affair with the precious metal. The announcement boosted […]

DUBAI, Aug 7 (Reuters) – Two Gulf Arab borrowers have attracted heavy investor demand for international bond sales in the past two weeks, but higher yield premiums are prompting many other potential issuers in the region to seek alternative funding sources. U.S. dollar bond issuance in the Gulf, conventional and sukuk, stands at about $17.3 billion year-to-date, up from $11.4 billion in the same period a year […]

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