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Bank regulators plan capital rule for bitcoin
Banks must set aside enough capital to cover losses on any bitcoin holdings in full, global banking regulators proposed on Thursday, in a “conservative” step that could prevent widescale use of the cryptocurrency by major lenders.
The…
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Tommy Hilfiger expands retail footprint in Riyadh
While Tommy Hilfiger’s parent company is laying off staff and closing stores in the US, the American premium fashion brand is expanding in Saudi Arabia.
The company, which is now headquartered in Amsterdam, launched a new footwear and…
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“It is of special importance for our national economy”.. Putin inaugurates a project for…
Russian President Vladimir Putin inaugurated today, Wednesday, the first phase of the "Amur" gas processing plant, and the project, worth about $13 billion, is being implemented by the Russian company, "Gazprom".
The Russian President…
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Russia resumes flights with 8 countries, including two Arab countries
From today, Thursday, Russia will resume flights with 8 countries, including two Arab countries, Lebanon and Morocco, after suspending them in the framework of measures to combat the emerging Corona virus.
From June 10, 2021, regular…
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Lavrov comments on the possibility of disengaging Russia from the “Swift” system
Russian Foreign Minister Sergei Lavrov commented on the possible separation of Russia from the "SWIFT" system of international payments.
Lavrov said, today, Wednesday, at the annual International "Primakov Readings" forum, that Western…
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3 million euros for the name of a spirit
The Armenian government approved, at a meeting on Thursday, a financial agreement with the European Union, under which the Union will give up the name "Cognac" for Armenian alcoholic drinks.
In return, Armenia will receive an amount of 3…
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The biggest risks of investing in Bitcoin
The head of the Black Sea Trade and Development Bank, Dmitriy Bankin, warned against investing in the “Bitcoin”, which is the most famous digital currency in the world, and this comes at a time when the currency is under pressure.
The…
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Iran to ramp up oil output once US sanctions lifted
Iran is planning a speedy increase in its oil output, a senior Oil Ministry official said on Wednesday, as talks continue between Tehran and six major powers to lift US sanctions that have seen it pumping far below capacity since 2018.…
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China arrests over 1,100 suspects in crackdown on crypto-related money laundering
Police in China arrested over 1,100 people suspected of using cryptocurrencies to launder illegal proceeds from telephone and Internet scams in a recent crackdown, the Ministry of Public Security said.
The arrests came as authorities in…
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Saving accounts in UAE national banks reach $2.7bn in 4 months
Saving accounts in UAE national banks attracted 9.77 billion dirhams ($2.7 billion) in the first four months of 2021, data from the country’s central bank showed.
The new liquidity brings the cumulative balance of saving accounts in the…
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