Economy
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Credit Suisse says lost $68 billion in assets last quarter
Credit Suisse (CSGN.S) said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the…
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Dubai plot of sand sells for $34 mln in human-made Jumeirah Bay Island record
This isn’t a spectacular mansion. It’s not a luxury penthouse or a designer apartment. It’s a bunch of sand on…
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Turkey’s tourism sector recovering slowly after devastating earthquake
After months of hosting displaced survivors of Turkey’s massive earthquake in his Antalya hotels, Hakan Saatcioglu hopes his rooms will…
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In bid to boost confidence, Adani Group starts bond buyback after Hindenburg report
Adani Group bonds rose after a key company started the first debt buyback by Indian billionaire Gautam Adani’s conglomerate since…
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UAE finance ministry announces corporate tax exemptions for entities serving public
The UAE’s Ministry of Finance Sunday announced the implementation of a new Cabinet Decision linked to Corporate Tax Law. Relating to…
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Bitcoin ‘halving’ due in 2024 spurs predictions of rally in token past $50,000
Bitcoin’s rebound is just the start of a rally that will take it past $50,000 next year courtesy of a…
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Saudi, EU top diplomats discuss Sudan conflict
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan and the European Union’s foreign policy chief Josep Borrell discussed the ongoing…
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Egypt raises social spending, food subsidies to offset inflation
Egypt raised funding for its overall social protection programs by 48 percent for the 2023-24 fiscal year to EGP 529.7b…
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Bed Bath & Beyond files for bankruptcy
Bed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to…
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US rideshare service Lyft plans major staff cuts
US rideshare service Lyft on Friday sent word to employees that it plans a major staffing reduction to cut costs. “We need…
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