Economy
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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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What impact has Brexit had on the UK economy?
Like it – or not – it has been three years since the UK left the European Union. Since then…
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Buyout firm Ardian to open in Abu Dhabi to tap sovereign wealth
Paris-based buyout firm Ardian SAS is opening an office in Abu Dhabi to tap opportunities across the region where cash-rich…
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Saudi Arabia will invest $266 bln in clean energy: Minister
Saudi Arabia will invest one trillion riyals to generate “cleaner energy” and add transport lines and distribution networks, Energy Minister…
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Saudi Crown Prince, Putin discuss OPEC+ cooperation for oil market stability: Kremlin
Saudi Arabia’s Crown Prince Mohammed bin Salman discussed in a phone call with Russian President Vladimir Putin cooperation within…
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OPEC+ seen sticking with oil output policy at Feb. 1 meeting: Delegates
An OPEC+ panel is likely to recommend keeping the oil producer group’s current output policy unchanged when it meets this…
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