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Egypt gasoline prices raised by 3.6 percent following oil surge
Gasoline prices in Egypt have been raised by 3.6 percent effective today due to a global increase in the price of crude oil, the country’s official gazette reported.
The prices of 80-octane, 92-octane and 95-octane petrol were all raised…
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Iraq signs 1.5 GW solar deals with UAE’s Masdar, Norway-led consortium
Power-starved Iraq on Thursday signed a deal with a Norwegian-led consortium to build two solar power plants, officials said, a day after inking a similar agreement with the UAE.
War-scarred Iraq is the second-largest producer in the…
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cryptos’ popularity deters regulators from restricting them: Market Wrap
Bitcoin, the leading international cryptocurrency, traded lower on Thursday, falling by 1.04 percent to $53,798.80.
Ether, the second most traded cryptocurrency, traded at $3,567.50, down by 0.81 percent, according to data from Coindesk.…
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Egypt joins with international partners for $1bn health insurance projects
The Egyptian Ministry of Finance launched cooperation projects worth almost $1 billion The partners include the World Bank, the French Development Agency, the Japanese International Cooperation Agency, and the World Health Organization.…
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UAE-based crypto trading platform BitOasis eyes MENA expansion after $30m funding
UAE-based BitOasis has secured $30 million in its latest funding round, as the company ramps up efforts to support the cryptocurrency ecosystem in the Gulf state.
The Series B round was led by Chicago-based VC firm Jump Capital, along…
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Bank, property and Aramco shares boost TASI by 0.77 per cent
The Saudi stock market ended the Tuesday session up 88.62 points, or 0.77 percent, closing at a high of 11555.53 points — a level not seen since January 2008.
Liquidity amounted to SR7.6 billion, with shares in Aramco, Al-Rajhi Bank, and…
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IMF urges Algeria to ‘recalibrate’ economy
International Monetary Fund (IMF) experts urged Algeria on Monday to “recalibrate” its oil and gas-dependent economy and implement structural reforms.
“There is urgent need for a recalibration of economic policies to address…
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OPEC+ agrees to stick to existing oil output plan
The oil producers’ alliance led by Saudi Arabia and Russia held the line on supply for the next month on Monday even as the price of crude leapt back beyond $80 to a three-year high.
A virtual meeting in Vienna of ministers from the…
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Oil falls ahead of OPEC+ supply policy meeting
Oil fell on Monday ahead of a meeting by OPEC and its allies which may determine whether a recent rally in prices amid supply shocks and a recovery from the COVID-19 pandemic will be sustained.
Brent crude was down 14 cents or 0.2…
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Trading of Evergrande shares in Hong Kong suspended
Shares in troubled real estate developer China Evergrande Group and its property management unit Evergrande Property Services were suspended from trading in Hong Kong on Monday as investors awaited the next steps in the saga of its debt…
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