Economy
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Yellen says sanctions may risk hegemony of US dollar
Economic sanctions imposed on Russia and other countries by the US put the dollar’s dominance at risk as targeted nations…
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IMF awaits more reforms in Egypt before its first program review
The International Monetary Fund is waiting to see Egypt enact more of the wide-ranging reforms it pledged before carrying out…
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Saudi Tadawul profit down 35 percent as trading values slide and costs rise
Stock exchange owner and operator Saudi Tadawul Group on Sunday reported a 35 percent decline in first-quarter profit after trading…
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European shares rise as US inflation data signals end of rate-hike cycle
European shares rose on Friday and were set for a fourth straight weekly gain, buoyed by hopes that the US…
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IMF says China, India to drive about half of 2023 global growth
China and India will together account for about half of global growth this year, underscoring Asia’s increasing heft in the…
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Russian oil exports jump to highest level in almost three years despite sanctions
Russian oil exports jumped to their highest level in almost three years in March despite Western sanctions, but revenues were…
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Al Jaber emphasizes need to reform to unlock trillions in climate finance
At a panel discussion on Thursday, organized by the Rockefeller Foundation and on the side-lines of the World Bank /…
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LVMH sales jump as Chinese consumers start to splurge
LVMH sales soared as Chinese shoppers bounced back from the world’s strictest lockdowns and splashed out on luxury handbags and…
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Ukraine’s Naftogaz says Russia was ordered to pay $5 bln in arbitration case
Ukraine’s state-owned gas company Naftogaz on Thursday said Russia has been ordered by an arbitration court in The Hague to…
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Meloni takes bold step of reshaping Italy’s top economic, business leadership
Prime Minister Giorgia Meloni extended her revamp of Italy’s economic and business elite as her government reappointed or replaced leaders…
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