Economy
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White House hails British ban China’s Huawei from its 5G network
The United States hailed Britain’s decision on Tuesday to order the phased removal of China’s Huawei telecoms giant from its…
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Coronavirus: Crisis-hit Moroccans join ‘informal economy’ as job market shrinks
The coronavirus crisis is expected to expand Morocco’s informal economy of people who work for cash, reducing tax revenue and…
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Coronavirus: Delta CEO says air travel ‘at a stall,’ recovery two years away
Delta Air Lines warned on Tuesday it will be more than two years before the industry sees a sustainable recovery…
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Former Lebanon finance head says banks ‘smuggled’ $6 billion out: FT
A top former finance official alleged that Lebanese banks “smuggled” out close to $6 billion since October despite blocking transfers…
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Qatar National Bank’s second-quarter profit falls after sharp rise in loan provisions
Qatar National Bank’s second-quarter profit fell after it booked sharply higher loan loss provisions due to the global economic conditions,…
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NMC’s UAE entity looks at restructuring option in Abu Dhabi, say sources
Troubled hospital operator NMC Health’s entity in the United Arab Emirates (UAE), NMC Healthcare LLC, is considering applying for restructuring…
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Turkey revokes requirement for central bank deputy governors to be experienced
Turkey has revoked a requirement that central bank deputy governors have 10 years prior experience and dropped a rule that…
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Coronavirus: Abu Dhabi fund suspends debt service repayments for countries, companies
Abu Dhabi Fund for Development has suspended debt service repayments for some countries and companies for the year, the state-financed…
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Coronavirus: Dubai Crown Prince announces over $400 million economic stimulus package
Dubai has adopted an economic stimulus package worth 1.5 billion dirhams ($408 million) to help counter the impact of the…
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Saudi Arabia’s STC extends Vodafone Egypt purchase on coronavirus challenges
Saudi Arabia’s largest telecoms operator Saudi Telecom Co (STC) said on Sunday it would need another two months to complete…
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