Economy
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Russia’s oil exports, output hold up in early 2023
Russia’s oil production rose 0.1 percent in the period from January 1 to 9, to stand at about 10.9 million…
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Despite inflation concerns, Saudi and UAE consumer spending power remains high: Poll
Consumers in Saudi Arabia and the United Arab Emirates are concerned about rising inflation and global market volatility, but their spending power remains…
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World Bank report paints dire picture of global economic outlook as recession looms
Global economic growth is slowing sharply due to elevated inflation, higher interest rates, reduced investment and disruptions caused by the…
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China scoops up rare Russian oil as top buyer boosts imports
China is importing a wider variety of Russian crudes, including the lesser-known Arco grade, just as the nation doubles down…
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Bitcoin miners deleverage, scale back as crypto winter continues into 2023
Cash-strapped Bitcoin miners are reducing loans and scaling back their operations as the crypto-mining industry continues to weather a plunge…
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After World Cup, Qatar sets sight on reviving its stock market
Qatar’s stock market is set to welcome its first initial public offering (IPO) in almost three years in a test…
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Dubai’s stunning property rebound lifts sales, rents to record
A spectacular turnaround in Dubai’s property market last year saw the Middle East’s financial hub break a decade-long record for…
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Saudi Arabia’s female labor force participation rose to 37 pct in 2022: Minister
Saudi Arabia’s female labor participation reached 37 percent in 2022, the Kingdom’s Minister of Human Resources and Social Development Ahmed…
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Malaysia speeds up hiring foreign workers amid labor shortage in key industries
Malaysia will waive industry quotas to speed up the hiring of foreign workers, Home Minister Saifuddin Nasution Ismail said, as…
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Investcorp to invest $1 billion in Saudi Arabia’s real estate over the next five year
Investcorp Holdings, one of the largest asset managers in the Middle East, plans to invest as much as $1 billion…
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