Economy
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US oil price soars over 10 pct. after Trump demand on Iran
The price of the benchmark US oil contract soared more than 10 percent Friday on fears of extended disruption to…
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Drone attack targets military base at Baghdad airport: Security sources
A drone attack targeted on Friday evening a military base at Baghdad airport that hosts a US diplomatic facility, security…
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Saudi Arabia remains in strong fiscal position, finance ministry spokesperson says
Saudi Arabia’s finance ministry said on Friday the kingdom’s fiscal position was strong and it had access to multiple export…
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China sets lowest economic growth target since 1991
China has cut its annual economic growth target to a range of 4.5%-5%, the lowest expansion goal since 1991 as…
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Gold advances as Middle East war stokes demand for safer assets
Gold pushed higher, as the war in the Middle East entered a sixth day with no sign of resolution, spurring…
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Russia accuses US, Israel of trying to drag Arab countries into wider Middle East conflict
Russia on Thursday accused the United States and Israel of trying to drag Arab countries into a wider Middle East…
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Second Iranian ship heading to Sri Lanka after submarine attack
A second Iranian warship was heading towards Sri Lanka’s territorial waters Thursday, a day after a US submarine destroyed an…
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Trump orders oil tanker insurance support, says US Navy could escort ships in Gulf
President Donald Trump said on Tuesday he had ordered the US International Development Finance Corporation to provide political risk insurance…
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Saudi Aramco to review alternative crude export routes to avoid Hormuz, source says
Saudi Arabian oil giant Aramco will review alternative routes to export its crude oil to avoid the Strait of Hormuz,…
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Airline stocks extend falls as fuel price uncertainty weighs over Iran conflict
Airline stocks in Asia and Europe extended losses on Tuesday as the US and Israeli air war against Iran escalated,…
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