Economy
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Turkey’s Ziraat could be intermediary to process payments for Russia’s grain exports
Turkish state lender Ziraat Bank could work as an intermediary to process payments for Russia’s grain exports, a senior Turkish…
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Shell posts $10 bln first quarter profit, lifted by fuel trading, LNG sales
Shell on Thursday posted first-quarter net profit of $9.65 billion, topping analysts’ forecasts, as strong earnings from fuel trading and…
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Saudi, China, India gas usage to surge in 2023 as Europe slumps: IEA
Rising demand for natural gas in Asia and the Middle East is set to offset a decline in other regions…
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Saudi Arabia’s Jamjoom Pharma to sell 30 percent stake in local share sale
Saudi Arabia’s Jamjoom Pharma said it plans to sell a 30 percent stake through a domestic initial public offering. The…
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India’s exports likely to touch $900 bln in 2023/24 despite global headwinds
India’s exports of goods and services could touch $900 billion in the current financial year, up from $770 billion in…
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Saudi chemical firm Sabic says inflation hurting industry’s recovery, net income down
The world’s biggest chemicals maker reported worse-than-expected earnings and said the global market remained fragile. Saudi Basic Industries Corp. made…
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Iraq’s crude production fell more than 6 percent in April: Source
Iraq produced 3.938 million barrels per day (bpd) of crude in April, down 262,000 bpd from March, a source at state-owned crude…
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Oil falls 4 pct to five-week low on US default worries, weak economic data
Oil prices sank 4 percent to a five-week low on Tuesday along with a drop in Wall Street stocks on…
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Jump in UBER shares amid rising demand for ride saving app
Uber shares rocketed higher early Tuesday after the ride-hailing and delivery company reported a jump in revenues amid rising demand.…
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Disney, Amazon, META: Firms across the US slash jobs
US companies from Amazon.com Inc and Walt Disney Co to Wall Street heavyweights Goldman Sachs Group and Morgan Stanley are…
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