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Governments had no say in Rafale offset decision: Defence Ministry

Amid media reports of former French president Francois Hollande claiming that the Indian government suggested a particular private firm for Rafale offset contract, the Defence Ministry on Friday reiterated that neither government had any say in the “commercial decision”. “The report referring to former French president Hollande’s statement that government …

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China refuses to weaken currency to boost exports

China will not stoop to competitive devaluation of its currency, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalating tariff war between the world’s largest economies. Addressing a World Economic Forum event in the port …

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Dubai non-oil trade jumps to Dh645b

Dubai’s non-oil foreign trade rose to Dh645 billion in the first half of 2018, an increase of Dh5 billion from 2017 figures. Dubai’s re-exports registered a Dh24 billion increase, growing by 14 per cent to Dh203 billion, reflecting the emirate’s strength as a re-export hub. Meanwhile, imports touched Dh377 billion …

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Mosul reconstruction may revive Unesco fortunes

The United Nations’ cultural agency wants to use the reconstruction of Iraq’s second city Mosul as a way to restore its credibility and show how a fraying multilateral order can be revived, its director general said on Monday. Officially entitled the United Nations Educational, Scientific and Cultural Organisation, Paris-based Unesco …

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Kuwait suspends Wataniya Airways’ permit

Kuwaiti aviation authorities have suspended the permit of Kuwait-based carrier Wataniya Airways for three months. Minister of State for Housing Affairs and Minister of State for Services’ Affairs Dr Jenan Boushehri said the Directorate General of Civil Aviation (DGCA) took the 90-day suspension decision effective as of September 6 after …

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