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World Bank body says Ecuador owes Occidental $1.8b

Quito, Ecuador: An international arbitration body has ruled Ecuador should pay $1.769 billion (Dh6.16 billion) to Occidental Petroleum Corp for revoking the U.S. company’s operating concession in 2006.

The World Bank’s International Center for Settlement of Investment Disputes says on its website that it found Ecuador did give “fair and equitable t

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Russia denies links to US-blacklisted firms

Moscow: Companies blacklisted by the US on suspicion of illegally passing information to a foreign state did not give anything to Russia’s defence industry, Deputy Prime Minister Dmitry Rogozin said.

The US Commerce Department blacklisted 165 foreign companies and individuals in connection with the activities of several people from the former

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Linkedin to help regional companies hire top talent

Dubai: The world’s largest professional network LinkedIn, which has opened a regional headquarters in Dubai, will help companies identify and hire top talent in the most effective way possible, a top official told Gulf News.

“Dubai Internet City (DIC) is a strategic base for companies targeting regional emerging markets. For our businesses o

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Asian currencies rise to 7-nonth high

Mumbai: Asian currencies rose to a seven- month high as US jobs data that beat economists’ estimates eased concern about a global slowdown and buoyed demand for emerging-market assets.

India’s rupee led gains with its fifth weekly advance, the longest winning streak since February, while South Korea’s won reached an 11-month high. Data released Oct

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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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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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