Economy
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Oman sets higher budget revenue for 2024 on average oil price of $60/bbl
Oman is forecasting a budget deficit of $1.66 billion (640 million rials) this year, around 1.5 percent of the country’s…
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Egypt’s transport ministry raises price of Cairo metro tickets by up to 20 pct
Egypt’s transport ministry raised the price of tickets on the Cairo metro by up to 20 percent on Monday, officials…
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South Korea exports pick up in sign of momentum for 2024
The growth in South Korean exports picked up last month, marking a robust finish to 2023 and adding optimism to…
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Saudi Arabia’s PIF accounts for quarter of worldwide wealth fund spending
Saudi Arabia’s Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds…
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EU visa-free travel for Kosovo enters into force
A long-awaited European Union’s visa liberalization scheme allowing Kosovo nationals to travel to Europe’s borderless zone without a visa came into force on…
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Françoise Bettencourt Meyer: L’Oréal heiress first woman to amass $100bn fortune
L’Oréal heiress Françoise Bettencourt Meyers has become the first woman to amass a $100bn (£78.5bn; €90.1bn) fortune, according to a…
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Post Office cash withdrawals reach record high before Christmas
Post Offices saw a record high for personal cash withdrawals on a single day on Friday 22 December, the group…
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Ambani targets completing Reliance’s AI transformation in 2024
Billionaire Mukesh Ambani urged the employees of Reliance Industries Ltd. to accelerate artificial intelligence transformation across all businesses in 2024…
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Unemployment in Saudi Arabia down to 8.6 pct in Q3 2023 from 9.9 pct in 2022
Unemployment for Saudi citizens rose slightly to 8.6 percent in the third quarter, up from 8.3 percent in the previous…
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Iran, Russia to trade in local currencies instead of US dollar
Iran and Russia have finalized an agreement to trade in their local currencies instead of the US dollar, Iran’s state…
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