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Russia: Black Sea grain deal will be extended automatically if no objections
A deal allowing the safe export of grain from Ukraine’s Black Sea ports will be extended automatically after it expires on March 18 if there are no objections from the involved parties, Russia’s TASS state news agency reported on Wednesday.…
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Abu Dhabi-Japan Economic Council held in Tokyo
The Abu Dhabi-Japan Economic Council kicked off on Monday in Tokyo to discuss strengthening economic, commercial and investment cooperation between the two sides, Emirates News Agency reported.
The council, which is now in its ninth…
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Regulators close New York’s Signature Bank, the second US bank failure in days
State regulators closed New York-based Signature Bank on Sunday, just two days after California authorities shuttered Silicon Valley Bank , in a collapse that roiled global markets and left billions of dollars of deposits belonging to…
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Yemen’s fish prices fall as export ban restocks market
Fish prices have decreased by more than half in parts of Yemen after a ban on exports created an oversupply in local markets.
Fishmongers and fishermen in the southern city of Al-Mukalla and other areas of the Red Sea province of…
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Egypt aims to consolidate economic, investment ties with China: President El-Sisi
Egyptian President Abdel Fattah El-Sisi said his country was keen to consolidate economic and investment cooperation with China and Chinese companies in areas of common interest.
His remarks came during a meeting on Saturday with the…
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Silicon Valley Bank is largest failure since financial crisis, billions stranded
Startup-focused lender SVB Financial Group became the largest bank failure since the financial crisis on Friday, in a sudden collapse that roiled global markets and stranded billions of dollars belonging to companies and investors.…
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Saudi Arabia, Bangladesh sign cooperation deals, form joint business council
Saudi Arabia and Bangladesh signed cooperation agreements and established a joint business council on Saturday during a visit by the Kingdom’s Commerce Minister, Majid bin Abdullah Al-Qasabi, to Dhaka.
Al-Qasabi and a delegation of…
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US targets ‘shadow banking’ network helping Iran evade sanctions
The United States on Thursday imposed sanctions on 39 entities, including many based in the United Arab Emirates and Hong Kong, that Washington said facilitate Iran’s access to the global financial system, describing them as a “shadow…
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Moody’s expects rise of M&A activity in GCC
Banks in the Gulf Cooperation Council region will witness a rise in merger and acquisition activity enabling future synergies and oil revenue divergences in the region, said global rating agency Moody’s.
The ongoing and long-standing…
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TAQA Morocco aims to invest $1.6bn in renewable energy by 2030
TAQA Morocco aims to invest $1.6 billion in renewable energy solutions in Morocco to increase electricity production by 50 percent by 2030.
Owned by Abu Dhabi National Energy Co., the company plans to diversify its activities in clean…
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