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Technology
 Karl Jeffs/Gulf News
A lot to be optimistic about even though concept of house automation is yet to catch on.
Investment
American International Group (AIG), the world's biggest insurer by assets, said it needs to raise $12.5 billion after two straight quarterly losses as pressure builds on chief executive officer Martin Sullivan.
Banking and Finance
Pakistan's currency slumped to a record low against the dollar yesterday as rising oil prices exacerbate concern about its yawning trade deficit and high inflation.
Banking and Finance
The Asian Finance Bank, one of three foreign Islamic lenders in Malaysia, plans to set up an Islamic property fund of up to $500 million in 2009 to tap what it considers an undervalued market.
Banking and Finance
The euro zone economy is starting to feel the heat from nine months of a US-rooted global credit crunch and a soaring euro that will crimp exports, but policymakers and business leaders may thank their stars for monetary union.
Technology
Samsung, the second largest mobile phone vendor, expects to overtake Nokia and become No 1 by 2010 or 2011, a top official said.
Industry
Praxair, the largest industrial gases supplier in the Americas, is looking to expand its integrated business model into the UAE, chief financial officer James Sawyer said.
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