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Egypt souvenir market pins hopes on tourism resurgence
Pyramids, Tutankhamun masks, Nefertiti busts — Egypt’s souvenir-makers are pinning their hopes on a new lease of economic life, after tourism was battered by the coronavirus pandemic.
In the shadow of the magnificent Giza Pyramids, Eid…
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Samsung enters Europe with Vodafone 5G network deal in Britain
British telecoms group Vodafone has chosen Samsung Electronics to supply its 5G network equipment in Britain, the pair said on Monday, a breakthrough for the South Korean company in Europe’s telecoms gear market.
European mobile…
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Morocco inks deal with global renewable energy agency
Morocco’s energy ministry will be working with the Abu Dhabi-based International Renewable Energy Agency (IRENA) to accelerate the country’s energy transition.
The collaboration will be focused on advancing the country’s national green…
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Tesla to accept bitcoin again when greener
Elon Musk, CEO of electric vehicle maker Tesla, said on Sunday that the US company will accept bitcoin payments again when the virtual currency is greener.
The American manufacturer caused a sensation in February when it announced that…
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Dur Hospitality and Taiba Investments mull merger
Dur Hospitality and Taiba Investments said they would start preliminary discussions about a possible merger.
The pair made the disclosure in separate statements to the Saudi stock exchange on Sunday.
It comes amid a wave of merger and…
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Iraq oil minister says gas sector a priority
Iraq’s oil sector is rebounding after a catastrophic year triggered by the coronavirus pandemic, with key investment projects on the horizon, Iraq’s oil minister said Friday. But he also warned that an enduring bureaucratic culture of fear…
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UK economy strengthens recovery as virus lockdown eases
Britain’s economy gathered pace in April as the government eased its coronavirus lockdown, official data showed Friday, with Finance Minister Rishi Sunak cautiously welcoming the 2.3-percent growth figure as the Delta variant spreads.
It…
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After the International Energy Agency’s report, oil prices changed direction
Oil prices rose today, after the International Energy Agency released a report in which it said that “OPEC +” producers will need to increase their production in order to meet the demand that is heading to recover to pre-pandemic levels.…
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Merkel to Washington to settle the dispute over “Nord Stream-2”
German Chancellor Angela Merkel will visit Washington to settle the dispute over the implementation of "Northern Stream-2", a project that Washington is working to block and aims to extend two gas pipelines from Russia to Germany.
This…
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Gold is above $1900
Gold prices rose above $1,900 an ounce on Friday, supported by a weaker dollar and lower US Treasury yields.
And gold rose in spot transactions 0.1 percent to $ 1900.10 an ounce, by 05:18 GMT. Prices have risen more than 0.5 percent…
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