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    AvaTrade Acquires Customer Book of Australian BrokerJuly 30, 2014

    Leading online FX & CFD broker AvaTrade has confirmed that it has acquired the Australian customer book of Sydney-based broker YouTradeFX.

    This marks another milestone in AvaTrade’s continued expansion in APAC markets.

    Ava Capital Markets Australia Pty Ltd, AvaTrade’s Australian subsidiary, pursued the deal with youtradeFX over several months after concluding that the firm’s client database would synergise well with its own clientele in Australia.


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    ADP Confiscates 18 Kg of Marijuana from Gulf Dealer who Intended to Sell them during Eid

    ADP Confiscates 18 Kg of Marijuana from Gulf Dealer who Intended to Sell them during EidJuly 30, 2014

    Under the code-named ‘Eid Operation’, Abu Dhabi Police managed to arrest a Gulf dealer in possession of 18.5 kg of marijuana he allegedly planned to sell to young people during the Al Fitr holidays.

    Colonel Dr. Rashid Mohammad Borshid, Head of the Criminal Investigation Department (CID) at the Abu Dhabi Police GHQ, said that the Anti-Drug Section staff members at the department managed to confiscate the drugs Sunday night, on the eve of the Eid Al Fitr. “The operation was a success thanks to the clever performance of the team, who tracked down and arrested"...

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    Dewa to show smart initiatives at Gitex 2014

    Dubai Electricity and Water Authority, or Dewa, has announced its participation in Gitex 2014, to be held from October 12-16, at the Dubai World Trade Centre.

    Dewa will showcase its latest smart services and initiatives as part of its ongoing efforts to support the vision of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice- President and Prime Minister of the UAE and Ruler of Dubai, to use smart services anytime anywhere.

    Dewa’s smart initiatives are also in line with its vision to become a sustainable world-class"...

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    Dh8.9 million donated to Palestinian orphans

    Emirates Red Crescent Authority disburses the amount to 3,743 Palestinian orphans sponsored by the UAE relief agency in the West Bank.

    The Emirates Red Crescent disbursed Dh8.9 million to 3,743 Palestinian orphans sponsored by the UAE relief agency in the West Bank and registered with the ministry of social affairs.

    Dr. Mohammed Abu Hameed, undersecretary of the ministry, said the annual sponsorship funds had been paid to orphans before Eid Al Fitr to secure their needs.


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    Service with a smile on holiday

    Eid means feasts, celebrations and spending time with one’s family and friends. However, there are many residents, especially from the expatriate community, who were destined to spend the holiday in harness as well as away from their families.

    While the pubic sector enjoys a nine-day holiday for Eid and the private sector at least a two-day break, these foot soldiers continued to work as usual so that the others could enjoy their holiday without any break in the services they are used to, like public transport, home deliveries and security."...

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    BP production drops as Abu Dhabi concession expires

    The oil and gas producer BP has reported a 6 per cent drop in production in the second quarter following the end of its Abu Dhabi concession in January.

    The company produced 2.1 million barrels of oil equivalent a day in the period and said that production in the third quarter was “expected to be lower due primarily to turnaround and seasonal maintenance activities”.

    BP said that underlying replacement"...

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