Economy
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US President Trump lifts tariffs on aluminum imports from UAE
Outgoing President Donald Trump on Wednesday said he would exempt the United Arab Emirates from a 10 percent tariff imposed…
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UAE’s FAB to be top foreign bank in Egypt after Bank Audi deal
First Abu Dhabi Bank has agreed to buy the Egyptian business of Lebanon’s Bank Audi in a deal which will…
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Saudi ‘buy now pay later’ startup Tamara closes biggest seed round ever in Kingdom
Saudi Arabia-based startup Tamara closed a $6 million seed investment round led by venture capital firm Impact46 on Wednesday. The…
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Oil prices rise on prospects of higher demand seen in second half
Oil prices climbed on Tuesday as optimism that government stimulus will eventually lift global economic growth and oil demand trumped…
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Coronavirus: Germany takes on record debt in 2020 to shield economy from pandemic
Germany took on record new debt in 2020 to shield the economy from the coronavirus pandemic, but less than expected, official…
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Biden administration prepared to use ‘full array of tools’ against China trade abuses
The incoming administration of President-elect Joe Biden will use all available tools to address “China’s abusive unfair and illegal practices” that undermine…
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China economy grows in 2020, only major economy to rebound from coronavirus
China eked out 2.3 percent economic growth in 2020, likely becoming the only major economy to expand as shops and…
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Coronavirus: UK government urged to help struggling Eurostar crippled by virus: media
British business leaders called on the government to rescue Eurostar, reports said, after the firm said it was close to…
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Israel’s two largest banks sign cooperation agreements with Bahrain’s NBB
Israel’s two largest banks said on Sunday they had reached agreements with the National Bank of Bahrain (NBB) that will…
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Egypt to Expand Use of Natural Gas in Vehicles
The Egyptian government affirmed Saturday advancing in its plan to expand the use of natural gas in vehicles. The government…
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