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Secluded Turkmenistan edges closer to WTO

Turkmenistan on Saturday indicated for the first time an intention to join the World Trade Organisation, in a surprising move by a country with an economy still dominated by Soviet-style five year plans.

President Gurbanguly Berdymukhamedov ordered Deputy Prime Minister Annamukhammet Gochiyev to “examine the issue of Turkmenistan’s joining the WTO


United Arab Bank to open more branches in UAE

Sharjah-based United Arab Bank (UAB) plans to open 10 more branches this year in the UAE to enhance its business growth, which, in recent times, has been spurred by the recovery in the local real estate market and growth in the country’s non-oil economy, Tom Smith, Executive Vice-President and Group Head of Retail Banking at UAB told Gulf News in a


Caracal promotes UAE-made pistols in Las Vegas

Abu Dhabi: Caracal International, a subsidiary of Tawazun Holding, is in the United States to showcase its latest UAE-made products to law enforcement professionals, and sport shooting and hunting enthusiasts.

This is the second year that Caracal has participated in the Shooting, Hunting, Outdoor Trade (Shot) Show and Conference, the


Al Halili places UAE oil output at 2.6mbpd

Abu Dhabi: The United Arab Emirates current oil production is 2.6 million barrels per day, according to Energy Minister Mohammad Bin Dhaen Al Hamili.

In a statement made to Abu Dhabi Today TV on the sidelines of the Arab and South American energy ministers meeting, Al Hamili said the UAE targets increasing production to 3 million bpd this year.



Space sells out for IDEX 2013

Abu Dhabi: The International Defence Exhibition and Conference (IDEX) today announced exhibitor space for IDEX has been fully booked. The early sell out represents the highest demand in the event’s nearly two-decade history.

“As the largest joint defence exhibition in the broader Mena region, Idex has a strong role to play both in the defence m


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