Economy
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WHO downgrades COVID-19 pandemic, says it’s no longer emergency
The World Health Organization said Friday that COVID-19 no longer qualifies as a global emergency, marking a symbolic end to…
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IMF to discuss Pakistan’s budget plans as bailout funding lifeline nears
The International Monetary Fund (IMF) is preparing to discuss Pakistan’s budget plans for the coming financial year, as part of…
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Turkish cenbank sticks to inflation forecast of 22.3 percent for 2023
Turkey’s central bank is sticking to its inflation forecast of 22.3 percent for 2023, Governor Sahap Kavcioglu said on Thursday…
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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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