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Eni and Algeria’s Sonatrach sign $1.4bn oil deal
Algeria’s state oil firm Sonatrach signed a $1.4 billion exploration and production deal on Tuesday with Italian major Eni, alongside an agreement on renewables.
Under the main deal, they will produce 45,000 barrels of oil equivalent per…
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UAE suspends talks on $23bn weapons deal with US
The United Arab Emirates on Tuesday suspended talks on a $23 billion deal to purchase American-made F-35 planes, armed drones and other equipment, in a rare dispute between Washington and a key US ally in the Arabian Gulf.
The Emirati…
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NYC weighs cutting off natural gas hookups for new buildings
New York City lawmakers are poised to decide Wednesday whether to prohibit most new buildings from using natural gas, a move that would make the nation’s most populous city a showcase for a climate-change-fighting policy that has been both…
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Switzerland’s largest online bank to launch its crypto trading platform
Switzerland’s largest online bank, Swissquote, is preparing to launch its own cryptocurrency trading platform.
The company plans to open its crypto exchange before the end of the first half of 2022, Jan De Schepper, chief sales and…
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The Lebanese pound fell to a record level against the dollar
Today, Tuesday, the exchange rate of the dollar in Lebanon, on the black (parallel) market, touched the threshold of 28 thousand Lebanese pounds, a record decline in the value of the pound since the start of the economic crisis in 2019.…
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Elon Musk Warns About Lots of ‘Accounting Trickery’ in Biden’s Build Back Better
The roughly $2 trillion package, or the Build Back Better bill, carries the weight of Biden's agenda across a wide range of policy sectors. The bill passed the House last month, and Democrats are hopeful that it will make it through the…
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Saudi Arabia needs $75 oil price to achieve 2022 surplus: Al-Rajhi Capital
Saudi Arabia will need an oil price of $75 to see a projected surplus of SR90 billion ($24 billion) next year, according to Mazen Al-Sudairi, head of research at Al-Rajhi Capital.
The Saudi budget sends a bullish signal to the market, as…
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People in Russia buy a record volume of gold bars
Gold is a safe haven, especially in times of crisis, as many people tend to buy it to hedge against inflation, and in the past two years, gold prices have risen in light of the Corona virus crisis and its consequences.
According to a…
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Novak: Without the “OPEC +” agreement, the oil market would collapse
The Russian Deputy Prime Minister, Alexander Novak, stated that the global oil market would have collapsed without the “OPEC +” group agreement, due to the excess production of black gold.
In an interview with a Russian TV channel, the…
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A report reveals the value of exports of the Russian “Sputnik” vaccine against Corona
Russia's exports of vaccines increased in 2021 with the development of a vaccine against the emerging coronavirus, "Sputnik", and the start of marketing and exporting the vaccine to various countries of the world.
According to a report…
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