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Bitcoin remains in $30-$40k price range for 7th straight week
Bitcoin traded lower on Tuesday, falling by 2.97 percent to $32,519.49. Ether, the second most traded cryptocurrency, traded at $1,975.41, down by 5.92 percent, according to data from Coindesk.
Below is the main cryptocurrency news:…
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Abu Dhabi hotel occupancy at highest since start of pandemic
Abu Dhabi’s hotel industry reported its highest occupancy since the start of the pandemic, according to STR.
Occupancy stood at 68.5 percent last month according to preliminary June 2021 data from the hospitality industry research…
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Saudi Arabia and Oman call for oil market solidarity
Saudi Arabia and Oman have called for continued cooperation between OPEC and other producers to help stabilize the market.
OPEC+ last week postponed talks among producers after differences emerged between Saudi Arabia and the UAE over…
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Suez Canal revenues hit a record high
Egypt’S Suez Canal recorded the highest annual revenue in its history in the year ending June 2021 despite the grounding of the Ever Given container ship in March.
Revenues rose to $5.84 billion, compared to $5.72 billion in the…
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Yellen urges EU to reconsider its digital tax plan
US Treasury Secretary Janet Yellen on Sunday urged the EU to reconsider its plans for a “discriminatory” digital tax, saying the new global reform deal should make it redundant.
Meeting in Venice, G20 ministers, including Yellen, on…
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EU fines 4 German car makers $1 billion over emission collusion
The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems.
Daimler, BMW and Volkswagen along with its Audi and…
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Oil prices continue to fall as OPEC+ uncertainty weighs
Oil prices fell for a third day on Thursday amid uncertainty over supply after the collapse this week of talks among major producers which could potentially cause the current output agreement to be abandoned.
Brent crude oil futures was…
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Abu Dhabi property firm said to pull $350m sukuk
A $350 million sukuk deal from Private Department of Sheikh Mohamed Bin Khalid Al Nahyan LLC (PD), a relatively small real estate player in Abu Dhabi owned by members of its ruling family, was pulled late on Wednesday, four financial…
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Bahrain’s Arcapita to launch $1.5bn property fund targeting Saudi Arabia and UAE, says CEO
Bahrain-based investment firm Arcapita Group Holdings is in the process of forming a $1.5 billion real estate investment fund, with most of its assets in Saudi Arabia.
CEO Atif Ahmed Abdulmalik made the disclosure in an interview…
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A decision by the Pentagon that jumps Jeff Bezos’ fortune to 211 billion dollars
Jeff Bezos' net worth, the world's richest man, reached $211 billion, on Tuesday, after shares of his Amazon company rose 4.7%.
The rise in the company's shares came after the Pentagon announced the cancellation of its cloud computing…
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