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Oil retreats, set to become first quarter’s worst-performing asset
Oil prices fell on Friday after a three-day rally ran out of steam as a higher U.S. rig count signaled rising production from shale, contributing to the global supply glut. Prices have been locked within a range during the first quarter as traders searched for signals that the Organization of the Petroleum Exporting Count...

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Abu Dhabi’s Khalifa Port all set to become world’s largest
Abu Dhabi Ports, the master developer, operator and manager of the emirate’s ports and Khalifa Industrial Zone, has announced a major expansion plan for its Khalifa Port Free Trade Zone (KPFTZ) to accommodate more industries. Currently, 40 companies operate in the free trade zone in a range of sectors including indu...

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Mega merger: Hapag Lloyd-UASC deal hits a snag
Merger could give Hapag-Lloyd access to bigger ships on the major Asia-to-Europe route; postponement seen but deal 'not at risk' A merger of Hapag-Lloyd and United Arab Shipping Company (UASC) has hit a snag, with the German shipping line and some banks seeking assurances that UASC's top shareholder Qatar rema...

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