Economy
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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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Russia says redirected most oil exports to China, India
Russia has redirected its oil exports from Europe to China and India, Deputy Prime Minister Alexander Novak said Wednesday, almost…
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World stocks rally to highest in over a year as rate cut hopes hold firm
World stocks rallied to their highest levels since late 2022 on Wednesday, with year-end optimism high on hopes that major…
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Dubai’s red-hot, outperforming property market is bracing for correction in 2024
Just nine months after buying their first property in Dubai, Dina Habib and Karim Yusuf are already planning their next…
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Daihatsu pauses production over safety scandal
Toyota-owned carmaker Daihatsu has closed all four of its plants until the end of January, after admitting it had falsified…
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Iran says oil exports at $26.4 billion in past nine months: State media
Iran’s oil exports have reached $26.46 billion since March, the Customs Administration head said on Tuesday, quoted by state media.…
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AstraZeneca to buy Chinese cancer drug developer for up to $1.2 billion
AstraZeneca Plc agreed to acquire Chinese cell therapy developer Gracell Biotechnologies Inc. for as much as $1.2 billion as the…
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