Economy
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Oil revenue lifts Oman to $1.2 bln budget surplus in first quarter
An increase in net oil revenue of 9 percent in the first quarter on higher oil prices and increased production…
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LinkedIn cuts more jobs, shuts down China applications
LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut…
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Dubai International Airport Q1 passenger traffic reaches 96 pct of pre-COVID levels
Dubai’s main airport registered a 55.8 percent increase in passenger traffic in the first quarter of this year compared to last…
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Saudi Aramco announces first-quarter net profit of $31.9 bln, down 19.25 pct
Saudi oil giant Aramco posted first-quarter net profit of 119.54 billion riyals ($31.88 billion) on Tuesday, a fall of about 19 percent from…
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Tata and IndiGo prepare to swoop on Go Air’s aviation assets
India’s biggest conglomerate and largest airline are in talks to take Airbus SE planes from Go Airlines India Ltd. after…
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Air Arabia reports strong first quarter net with $93.12 mln, up 17 pct
Air Arabia, the Middle East & North Africa’s first and largest low-cost carrier operator, reported on Tuesday a strong first…
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OPEC+ additional voluntary cuts aimed to balance oil market: UAE energy minister
The United Arab Emirates’ energy minister Suhail al-Mazrouei said on Monday that additional voluntary cuts by the OPEC+ producer group…
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India extends $1 bln credit line for Sri Lanka by a year
India has extended a $1 billion credit line for Sri Lanka by one year, a Sri Lankan official told Reuters…
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Janet Yellen: US treasury secretary warns of debt ceiling ‘catastrophe’
US Treasury secretary Janet Yellen has warned a failure to raise the US’s debt ceiling could have dire consequences. Without…
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World Food Program to suspend aid to Palestinians
The World Food Program (WFP) is slated to stop providing aid to thousands of Palestinian families as of June due…
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