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Mr.
Rafiq Hariri, owner of construction giant Saudi
Oger Ltd. was assassinated by a massive
car bomb. He was the former prime minister
of Lebanon and dubbed as the father of Lebanon`s
post-war reconstruction. He and his family are
worth $4.3 billion, Forbes magazine said last
year.
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Gulf
Air's innovative Sky Nanny service won
the 2004 Gulf Marketing Review, Marketing Effectiveness
Awards in the Best New Product launch category.
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Emaar
Properties'
Chairman Mohammad Alabbar has offered to buy
all homes evacuated by Jewish settlers in the
Gaza Strip. Israeli media reported he has offered
to pay $56m for the 21 settlements, earmarked
for evacuation this year.
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Sugar King Robert Kuok Hock Nien (wealth of RM16.96
billion) was ranked as the richest Malaysian by
Malaysian Business magazine's 40 Richest Malaysians
for 2005 ranking. Berjaya
Group's Tan Sri Vincent Tan Chee Yioun
was placed 13th with RM842.54 million. 16th place
was YTL
Group's Tan Sri Francis Yeoh Sock Ping
RM649.26.
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Motorola
unveiled a sub-$40 mobile phone, the Emerging
Market Handset, for customers in the developing
world, at the 3GSM World Congress. Maxis
Communications of Malaysia, and Orascom
Telecom Holding
of Egypt are amongst the many companies that
have purchased the phones
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PT
Bank
Central Asia, Indonesia's second-largest
lender, reported 32% jump in 2004 unaudited net
profit to IDR3.15 trillion (US$340 million) from
IDR2.39 trillion in the previous year, driven
by an increase in net interest income which climbed
28% from year before.
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Major
Iranian carmakers Iran
Khodro and Saipa have reached an agreement
with France's auto giant Renault to produce L90
budget sedans in Iran. Iranian side would produce
50% of the parts in the first phase of the project,
which begins in 2006.
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PT
Astra International, Indonesia's largest
automotive company, posted a 27% rise in 2004
revenue due to an increase in car and motorcycle
sales
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THE
proposed Iran-India gas pipeline is moving forward
. The Indian gas major Gail (India), signed two
agreements with Iran's National
Petrochemical Company and National
Iranian Oil Company for taking up joint
feasibility studies to set up petrochemical units
based on the gas of the south Pars zone in Iran.
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Telekom
Malaysia's wholly-owned subsidiary, TM
International Limited, has signed an agreement
to acquire a 78 per cent stake in Multinet Pakistan
(Private) Limited.
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Emaar
Properties and AMLAK Finance announced
the launch of an independent financial services
joint venture company, Emaar Financial Services
(Emaar FS), which will offer comprehensive brokerage
services, investment research and analysis to
individual investors, companies and institutions.
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KazMunayGas,
a state-owned company of Kazakhstan and India's
ONGC Videsh Ltd. agreed to set up a Joint Working
Group on Hydrocarbons to examine and develop various
prospects for cooperation.
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PETRONAS
Gas Bhd, a public-listed subsidiary of Petroliam
Nasional Bhd, has posted a sharp jump
in profit to RM208.9 million in its third quarter
ended December 31 2004 from RM138.8 million in
the previous corresponding period.
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Malaysia's
Proton
Holdings Bhd. is trying to get approval
from the Chinese government for a planned joint-venture
car assembly plant in China.
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Telekom
Malaysia Bhd is to recieve Overall Best
Corporate Governance honor in Asiamoney Annual
Awards to be presented in Kuala Lumpur later this
month. It also took the Most Improved Investor
Relations award together with Malaysian
Airline System Bhd (MAS) and Tenaga
Nasional Bhd.
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