Economy
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S&P lowers Bangladesh’s outlook to negative on liquidity risks
S&P Global Ratings has lowered Bangladesh’s long-term rating outlook to negative from stable, citing risks the country’s external liquidity position…
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Brent prices rise above $80 as tight oil supply counters expected rate hikes
Oil prices rose on Monday as tightening supply and hopes for Chinese stimulus underpinned Brent at well above $80 a…
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OpenAI’s Altman launches Worldcoin crypto project, along with two co-founders
OpenAI chief executive Sam Altman, along with two co-founders, launched on Monday the Worldcoin crypto project, saying they aim to…
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Non-oil focus fuels optimism for Saudi, UAE startups, investors amid global slump
Startups in the UAE and Saudi Arabia are weathering the effects of a global economic downturn and adapting to the…
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Saudi Arabia’s Rawabi Energy successfully concludes financing deal worth $1.91 bln
Rawabi Energy and its subsidiaries announced on Sunday the successful conclusion of one of the largest private sector syndicated financing…
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US official to promote Russian grain export in Africa amid Black Sea deal fallout
A top US Treasury official will highlight Washington’s efforts to facilitate Russian grain and fertilizer exports during a visit to…
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Tides of corporate debt slowly rising – Report
Concerns over the potential for large-scale corporate debt defaults worldwide have been muted or simply brushed aside by credit markers,…
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Saudi Aramco completes purchase of10-percent stake in Chinese petrochemicals firm
Saudi Aramco said on Friday it had completed its purchase of a 10-percent stake in a Chinese petrochemicals firm, part…
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Dubai’s stock market DFM hits an eight-year high, lifted by a real estate boom
Buoyed by a surge in real estate activity, the Dubai Financial Market has reached its highest point in nearly eight…
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Demand for travel at all-time high in Saudi Arabia, says industry official
This summer, demand for travel has been at an all-time high in Saudi Arabia with the appetite for international and…
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