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'Reason will prevail' at tense OPEC meet, says Saudi minister

'Reason will prevail' at tense OPEC meet, says Saudi minister

Saudi Arabia's energy minister said he was convinced OPEC members would "do the right thing" and agree to ease an oil production cap this week despite strong resistance from archfoe Iran.

"I'm confident that at the end of the day reason will prevail and we'll be doing the right thing. So stay tuned," Khalid al-Falih told reporters at an OPEC

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Dana Gas agrees deal with shareholders of $700m sukuk

Dana Gas agrees deal with shareholders of $700m sukuk

Dana Gas has reached a unanimous agreement with shareholders of $700 million of its Islamic bonds to restructure the securities, the Sharjah-based firm confirmed.

A committee representing sukuk holders, which include Blackrock and Goldman Sachs Group, agreed to accept one of two options - either to cash in the sukuk at 90.5 US cents per dollar of

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Indian government grounds Air India sale plans

Indian government grounds Air India sale plans

India has shelved its plans to sell debt-stricken national carrier Air India after failing to attract any bidders, a senior official has told local media.

Civil aviation minister Suresh Prabhu said the government had dropped the idea for now because of next year's general election and rising oil prices, the Press Trust of India news agency

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Chances of Britain not leaving the European Union are now zero, says Fox

Chances of Britain not leaving the European Union are now zero, says Fox

The British government's crucial Brexit vote victory this week means there is now "zero" chance of stopping the country from leaving the European Union, International Trade Secretary Liam Fox said Thursday.

Fox was speaking at a trade forum in Geneva, the day after Prime Minister Theresa May saw off a rebellion by pro-European MPs on a flagship

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Air Arabia's shares drop after revealing $336m exposure to Abraaj

Air Arabia's shares drop after revealing $336m exposure to Abraaj

Air Arabia fell in Dubai after the airline disclosed exposure of $336 million to funds managed by Abraaj Group, the private equity firm that’s being restructured.

The shares declined 3.9 percent, taking its loss this week to 12 percent. Dubai’s benchmark stock index rose 0.2 percent.

"This is way bigger an exposure than anyone expected," said

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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