Economy
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US arrests Turkish man accused of violating sanctions on Venezuelan oil
A Turkish man has been arrested in Florida for allegedly violating US sanctions by conspiring to ship oil for Venezuela’s…
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Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15 pct from 2023
Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15 percent from last year…
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ADIPEC 2024: Princess Beatrice discusses AI role in sustainability and collaboration
At the 2024 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), British Princess Beatrice shared her insights on the pressing challenges…
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Saudi Arabia posts a Q3 revenue of $82.4 billion
Saudi Arabia’s total revenues in the third quarter stood at $82.4 billion (SR309 billion), according to numbers released by the…
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Turkey’s inflation inches down to 48.6 percent in October
Turkey’s annual inflation rate fell less than expected to 48.6 percent in October, official data showed Monday, as officials strive…
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Surging global energy demand: Key insights from ADIPEC 2024
The rapidly rising global energy demand, particularly for renewable sources, calls for collaboration and investment in various energy sectors while…
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IMF to begin review Egypt’s loan program on Tuesday
The International Monetary Fund (IMF) will begin its review of Egypt’s loan program on Tuesday, Egyptian Prime Minister Mostafa Madbouly…
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Nvidia to take Intel’s spot on Dow Jones Industrial Average
Intel will be replaced by Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the…
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UK’s Starmer pledges more growth reforms after budget hit to markets
British Prime Minister Keir Starmer on Saturday promised reforms to speed up the economy and overhaul the public sector after the first…
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S&P upgrades Turkey’s credit rating to BB-
Standard and Poor’s upgraded Turkey’s long-term sovereign credit rating on Friday from B+ to BB-, with the agency noting economic…
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