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BUSINESS
| Emirates NBD AM offers more currency alternatives |
| DUBAI - Emirates NBD Asset Management, or Emirates NBD AM, one of the largest asset managers in the region, announced that its Emirates MENA Fixed Income Fund had moved to daily trading from March 13 making it the largest MENA fixed income fund available in the region, with a fund size of $51.6 million. |
| Five mega vessels arrive at Dubai Cruise Terminal |
| DUBAI - More than 7,200 tourists arrived aboard five mega ocean liners that were greeted on Thursday in the finest of Emirati traditions at the DP World operated Dubai Cruise Terminal, or DCT, in Port Rashid. |
| Etihad Rail leads delegation to Europe |
| ABU DHABI - Etihad Rail — the master developer and operator of the UAE’s national railway network — has just returned from leading an extensive delegation visit with the Supreme Committee for Safety & Security to review best practice in the field of rail security. |
| ADIPEC scheduled on November 11-14 |
| ABU DHABI - ADIPEC, the largest oil and gas exhibition in the Middle East and the third biggest event of its kind in the world, has been enhanced and expanded in light of continued development in the sector and an increase in the number of exhibitors looking to showcase their technologies in the region. |
| Nominations for EMA awards open in 23 categories |
| DUBAI - Nominations for the third edition of Emerging Markets Airports, or EMA Awards, are opened in 23 categories, which will be held on November 21 in Dubai, according to Arabian Reach. |
| Gulf Air receives Family Friendly Airline Award |
| DUBAI - Gulf Air, the Kingdom of Bahrain’s national carrier, has won the prestigious Family Friendly Airline Award 2012 in an online Facebook poll by US-based Kids First Fund. |
| Aggarwal re-elected IBPC Sharjah chairman |
| DUBAI - The Indian Business & Professional Council, or IBPC, Sharjah has announced that Sudesh K. Aggarwal was re-elected as chairman of the council for the next two year. |
| US trade deficit falls to $4b |
| WASHINGTON — The US trade deficit fell in February to its lowest point in four months. American exports rose to an all-time high while imports dropped. |
| RIM plans ME retail push with Dubai store |
| TORONTO — Research In Motion, seeking to offset plunging US sales, is preparing to open stores across the Middle East where local demand for its BlackBerry phones has held up better. |
| Dubai Holding arm confident of debt repayment goal |
| DUBAI — Dubai International Capital, or DIC, the private equity arm of Dubai Holding, is confident that it will pay off its $2.5 billion pile of restructured debt in five years, its chief executive said, seeking to reassure investors. |
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