Economy
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OPEC+ keeps output steady amid uncertainty on China and Russia
An OPEC+ committee recommended keeping crude production steady, delegates said, as the oil market awaits clarity on demand in China…
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India’s federal budget 2023: Deep dive into who gained and lost
Prime Minister Narendra Modi’s government delivered India’s annual budget on Wednesday that laid out a slew of measures to bolster…
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Egypt to announce detailed plan for state stake sales soon: PM
Egypt’s government aims to announce a detailed plan next week to offer stakes in at least 20 state companies over…
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UAE market for on-demand home services to grow by 10 pct until 2026, expert says
The market for on-demand home services in the United Arab Emirates is on track to grow by 10 percent until 2026,…
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India budget to raise capex by 33 pct as jobs, infra take priority ahead of elections
India’s government on Wednesday unveiled one of its biggest jumps in capital spending in the past decade and said the…
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Adnoc reveals record income for gas business ahead of IPO
The United Arab Emirates’ national energy company has started pitching an initial public offering of its gas business to investors,…
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Airbus and Qatar Airways settle A350 dispute
Airbus and Qatar Airways have settled a dispute over the degraded surface of grounded A350 jets, Airbus said on Wednesday,…
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Lebanon to devalue currency by 90 pct on Feb. 1, central bank chief says
Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank governor…
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Turkey and Morocco are emerging as demand sources for Russian diesel before EU ban
For clues on the future landscape of the diesel market when the European Union bans fuel imports from Russia, Turkey…
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ExxonMobil reports record profits of $55.7 bln in 2022
ExxonMobil reported record annual profits of $55.7 billion in 2022 on Tuesday, reflecting higher commodity prices amid recovering demand and…
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