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Germany and Qatar agree on a long-term energy partnership
German Vice Chancellor and Minister of Economy Robert Habeck said, during a visit to Doha, that Germany and Qatar have agreed on a long-term partnership in the energy field.
And the German news agency quoted Habek, after his meeting with…
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Turkish food delivery startup Getir achieves ‘decacorn’ status
Emirati investment in Turkish rapid delivery service Getir has helped boost the company’s value to $11.8 billion.
Backers led by Mubadala Investment Co., the UAE’s sovereign wealth fund, invested $768 million in Getir’s latest…
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Oil heads for weekly loss as prices stay above $100 a barrel
Oil prices were headed for a second weekly loss but remained above $100 a barrel in a week that saw values swing $16 amid turbulence from the war in Ukraine.
Brent crude was little changed at $106.78 a barrel at 5:04 p.m. Riyadh time…
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US, Russia step up crypto war; Facebook sued
US Democrats introduced a bill aiming to curb Russian crypto use and Russia’s central bank gave Sberbank a license to issue and exchange digital assets as the two nations continued to try and outmaneuver each other over the war in Ukraine.…
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Moscow Stock Exchange resumes trading on the stock market on Monday
The President of the Russian Central Bank, Elvira Nabiullina, said today, Friday, that the Moscow Stock Exchange is ready to resume trading on the stock market starting next Monday.
She explained that "trading in the stock market will open…
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India buys Russian oil despite pressure for sanctions
The state-run Indian Oil Corp. bought 3 million barrels of crude oil from Russia earlier this week to secure its energy needs, resisting Western pressure to avoid such purchases, an Indian government official said Friday.
The official…
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Sugar rush: Russia probes price hikes and ‘unjustified’ shortages
Russia’s Federal Anti-Monopoly Service (FAS) said on Thursday it was conducting “anti-cartel” inspections at major sugar producers following a sharp increase in sugar prices and “unjustified” shortages in some regions as shoppers rushed to…
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UAE’s Dana Gas to hike dividend payout as it turns to profit in 2021
UAE-based natural gas firm Dana Gas raised cash dividends by 45 percent for 2021 from a year earlier as it turned into profit.
The company to pay 4.5 fils per share for the second half of 2021, bringing the total annual dividend to 8…
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Oil prices fall amid Ukraine ceasefire talks, China’s demand concerns
On Tuesday, oil prices fell to a two-week low following continued ceasefire talks between Russia and Ukraine and concerns about demand in China following an upswing in COVID-19 cases.
After falling 5.1 percent the day before, Brent…
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World Bank: Sanctions against Russia will have a significant impact on the global economy
World Bank President David Malpass stressed that the impact of sanctions on global gross domestic product will be more severe than the impact of the situation in Ukraine on this output.
Malpass said in a speech during a conference…
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