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ADIB to Decide on Foreign Ownership on Feb 14
ABU DHABI — The board of Abu Dhabi Islamic Bank (ADIB) will decide on February 14 matters related to allowing foreign investors to own a maximum of 25 per cent of its shares, and a share buy back programme, the bank said. Read Story
UAE
The Palace Ras Al Khaimah Set for Sept Debut
RAS AL KHAIMAH — Promising to be yet another iconic landmark in the UAE, The Palace Ras Al Khaimah, a seven-star hotel and residence project, will welcome its first guests in September this year, senior officials of the developer and operator Hamra Hotel & Resorts told Khaleej Times.
UAE Shares Gain on Speculation of Banking Earnings
Emirates NBD Bad Loans 
at ‘Acceptable Level’
Damas Announces Senior Management Changes
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INTERNATIONAL
Toyota announces mass Prius recall
TOKYO - Toyota said Tuesday it would recall hundreds of thousands of hybrid vehicles around the world, including its best-selling Prius, plunging deeper into crisis as lawsuits in the United States piled up.
Germany loses export crown to China as trade crumbles
EU government bank says no bailout for Greece
Moody’s threatens to downgrade Toyota’s credit rating
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BANKING & FINANCE
U.S. bond prices fall ahead of 3yr auction
NEW YORK - The price of U.S. government debt fell on Tuesday as investors prepared for fresh supply, while global market conditions seemed stable following the recent turmoil caused by Europe’s debt woes.
Swedbank pins 2010 hopes on brighter economy
Europe needs an ‘economic government’: EU president
Kuwait central bank cuts repurchase rates
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BIZ TALK
Interest rate concern lurks under commodities
LONDON - After New Year cheer, reality is starting to bite. Several factors have doused the rallies in some key basic resources this year, including dollar strength and concern about regulation, but most noticeable are the steps taken by commodity consuming giant China to curb excessive loan growth.
GOLD Feb 10, 2010
Type Morning Yesterday
129.00 AED 129.25 AED
121.00 AED 121.25 AED
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TECHNOLOGY
Google tweaks Gmail to challenge Facebook, Twitter
MOUNTAIN VIEW, Calif - Google Inc injected social networking features into its popular Web email product as the world’s No. 1 search engine seeks to fend off competition from Facebook and Twitter.
Gamer to pay $ 1.3 m for illegal upload
China’s NetEase reapplies for ‘World of Warcraft’ licence
Intel, IBM roll out new powerful chips
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