Economy
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Singapore seizes $735m of assets in anti-money laundering probe
Singapore police have seized about S$1bn ($735m; £578m) – including luxury homes, cars and cash – in one of its…
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Drilling rig arrives in Lebanon’s Block 9 to begin oil and gas exploration
A drilling rig arrived in Lebanon’s Block 9 on Wednesday to begin oil and gas exploration, Minister of Public Works…
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Ola Electric Mobility unveils first e-motorbike, cheapest e-scooter in India
Ola Electric Mobility Pvt. is expanding its electric two-wheeler lineup – with its first motorbike and cheapest scooter yet –…
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Saudi-based Energy Capital Group announces first close of $150 mln fund
Saudi Arabia-based investment company Energy Capital Group (ECG) has announced the first close of its $150 million fund that targets…
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Russia’s central bank jacks up rates to 12 percent to support battered ruble
Russia’s central bank hiked its key interest rate by 350 basis points to 12 percent on Tuesday, an emergency move…
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New industrial licenses surge 16.6 pct after Abu Dhabi Industrial Strategy launch
The Abu Dhabi Industrial Strategy (ADIS) launched in June 2022 has accelerated the transformation of the emirate’s manufacturing sector, strengthening…
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Nigeria files graft charges against detained and suspended central bank chief
Nigerian prosecutors filed a 20-count indictment against suspended and detained central bank governor Godwin Emefiele on Tuesday, one of them accusing…
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Sweden to donate ammo, spare parts worth $300 million to Ukraine
Sweden’s government said Tuesday that it would donate to Ukraine ammunition and spare parts for previously donated weapon systems worth…
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China issues guidelines in bid to optimize, attract foreign investment
China’s State Council issued guidelines on Sunday that it said would further optimize the country’s foreign investment environment and attract…
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Oman posts $1.7 bln budget surplus in first half of 2023 based on moderate oil price
Oman posted a budget surplus of $1.71 billion (656 million rials) at the end of the first half of 2023,…
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