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Oil prices are on track for the biggest weekly gain since August
Oil prices are heading for the biggest weekly gain since late August as investor confidence improves, buoyed by easing concerns about the impact of the Omicron mutant strain of the Corona virus on global economic growth and fuel demand.…
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Price inflation in America is at its highest level in nearly 40 years
US consumer prices jumped last month at the fastest annual pace in nearly 40 years, which means a faster erosion of Americans' purchasing power and wages, and increases pressure on the Federal Reserve to tighten policy.
The data of the US…
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UAE’s EGA inks 3-year Guinea bauxite supply deal with China’s Bosai
Emirates Global Aluminium (EGA) said on Thursday it has signed a three-year deal to supply China’s Bosai Group with “several million tons” annually of bauxite from Guinea.
Bauxite, the main aluminum ore, is refined into alumina, which is…
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Saudi-Qatari business forum reviews economic, investment ties
Saudi and Qatari companies signed agreements in the hospitality and tourism sectors at the Saudi-Qatari Business Forum in Doha on Wednesday.
The forum was organized by the Federation of Saudi Chambers and Qatar Chamber, with…
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ADNOC Drilling bags $3.8 billion contract
The Abu Dhabi-listed ADNOC Drilling Co. has signed a five-year services contract with ADNOC Onshore for a total value of $3.8 billion.
The contract outlines the company’s work to drive efficiency in crews, rig move time, maintenance…
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Innovation of an economically viable process for the production of building materials in Russia
Researchers from Russia's National Research Technological University "NUST MISiS", together with colleagues from Belarus, have designed a new technology for obtaining special raw materials for the production of building materials.…
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France’s Natixis to finance $2bn ACWA Power projects in 2 years
France-based Natixis Corporate and Investment Banking has signed an agreement to finance ACWA Power projects over the next two years - with funding of up to $2 billion.
The MoU will allow both parties to “explore opportunities to develop…
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Saudi, French firms sign 27 MoUs as Macron visits the Kingdom
A group of leading Saudi and French companies signed 27 memorandum of understanding at an investment forum in Jeddah as French President Emmanuel Macron met with Crown Prince Mohammed bin Salman today during his official trip to the Gulf…
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UAE, France sign $18 billion deal for 80 Rafale jets as Macron starts Gulf tour
French President Emmanuel Macron met Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed on Friday at the start of a two-day Gulf tour that saw France sell the UAE 80 French-made Rafale warplanes for $18.08 billion (€16 billion).
France’s…
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Russia gas no quick fix for European spot market: Analysts
The longer the prices for natural gas remain at record high levels in Europe this year, the stronger the markets feel that Russian gas should not be seen as a quick fix to the problem, at least not before this winter ends.
“Overall gas…
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