Economy
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Saudi businesses optimistic on outlook despite inflation pressure
Inflation weighed on Saudi business conditions in March but non-oil firms were optimistic about the outlook thanks to rising demand,…
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Oil extends rally as shorts ‘under the bus’ after OPEC+ cut
Oil built on the largest gain in a year after OPEC+ delivered an unexpected and substantial production cut in a…
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Olivier Awards: Seven things we learned at the ceremony
It was a night of high drama at the Olivier Awards, with plenty of tearful speeches, but the stars were…
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Bahrain introduces ‘golden license’ for companies in a move to attract investments
Bahrain on Monday said it was introducing a new “golden license” offering benefits to companies bringing large-scale investment projects into…
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Dubai’s high cost of living drives out expats, brings in millionaires
As billionaires snapped up villas in Dubai and the city bulged with new bankers and executives, Ghida was evicted. The…
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Oil output cuts: Russia says cuts ‘in the interests’ of global markets
The Kremlin said Monday oil output cuts by Russia, Saudi Arabia and other major producers that have caused prices to soar are…
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Oil prices soar almost 6 pct after major output cut by OPEC+ led by Saudi Arabia
Oil prices soared almost six percent in Asian trade Monday morning after major producers led by Saudi Arabia announced a…
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OPEC+ oil alliance announces surprise production cuts from May
Saudi Arabia and other OPEC+ oil producers have announced voluntary cuts to their production amounting to about 1.15 million barrels…
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US-China chip war: Japan plans to restrict some equipment exports
Japan’s government says it plans to put restrictions on some computer chip-making exports, following similar moves by the US and…
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UK-Asia trade deal to boost UK economy by 0.08%
The UK has signed a deal to join a trade pact with 11 Asia and Pacific nations, three years after…
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