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Bonds help Bahrain, Oman keep their heads in the sand

Bonds help Bahrain, Oman keep their heads in the sand

Access to a debt market teeming with yield-hungry investors is helping some cash-strapped nations in the Gulf Cooperation Council kick reforms down the road. Taking advantage of attractive interest rates, Oman raised $6.5 billion in January, its biggest sale on record, to help bridge deficits....

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Saudi oil minister hints Aramco IPO could be delayed to 2019

Saudi oil minister hints Aramco IPO could be delayed to 2019

Saudi Arabia’s energy minister hinted the initial public offering of the state oil company Aramco could be delayed until 2019, pushing back a central plank of Crown Prince Mohammad bin Salman’s plan to modernize the economy. Khalid al-Falih also said the IPO, potentially the largest...

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Stocks retreat as Trump trade worries offset N.Korea hopes

Stocks retreat as Trump trade worries offset N.Korea hopes

London (AFP)- Stock markets and the dollar jolted Wednesday as news that Donald Trump's top economics adviser had resigned revived trade war fears, while early excitement at North Korea's offer of denuclearisation talks fizzled out. "Investors panicked in response to Gary Cohn's...

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IMF warns Nigeria of vulnerability amid slow exit from recession

IMF warns Nigeria of vulnerability amid slow exit from recession

LAGOS (Reuters)- The International Monetary Fund (IMF) on Wednesday said Nigeria was slowly exiting recession but remains vulnerable because its growth is tied to oil prices with improved revenues restricted to the energy and agriculture sectors. The assessment, published in a report on...

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Trump speaks with world leaders, no tariff exemptions: Commerce Secretary

Trump speaks with world leaders, no tariff exemptions: Commerce Secretary

WASHINGTON: U.S. President Donald Trump has spoken to world leaders about his planned tariff hikes on steel and aluminum and is not considering any exemptions to the measure, Commerce Secretary Wilbur Ross said Sunday. "I know he's had conversations with a number of the world leaders,"...

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Germany 'rejects' US steel tariffs: Merkel spokesman

Germany 'rejects' US steel tariffs: Merkel spokesman

Berlin "rejects" President Donald Trump's decision to impose hefty tariffs on steel and aluminum imports, a spokesman for German Chancellor Angela Merkel said Friday. "The federal government rejects such tariffs... the problem of global overcapacity in the steel and aluminum sectors...

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Spotify, controversial king of music streaming

Spotify, controversial king of music streaming

Spotify may incontestably be the king of music streaming, but as the Swedish firm prepares for a stock listing, there is still a divide whether its reign is benign or not for artists and the music industry. "We really do believe that we can improve the world, one song at a time," Spotify's...

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EU promises firm response to US steel tariffs

EU promises firm response to US steel tariffs

The European Union said Thursday it would react firmly with a proposal within days for WTO-compatible countermeasures against the United States for trade restrictions on steel and aluminum, which it called a "blatant intervention" to protect U.S. industry. "We strongly regret this step,...

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White House expects 'frank exchange' of trade views with Chinese official

White House expects 'frank exchange' of trade views with Chinese official

Trade talks between a Chinese official and three of U.S. President Donald Trump's senior advisers will take place at the White House on Thursday, a White House official said. U.S. Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer and White House economic adviser...

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Goldman Sachs, SocGen bid for unit of Commerzbank

Goldman Sachs, SocGen bid for unit of Commerzbank

Goldman Sachs Group Inc. and Societe Generale SA have submitted final bids for the Commerzbank AG unit that houses the lender’s exchange-traded fund business, according to people familiar with the situation. Barclays PLC, which was said to be interested in the Equity Markets and Commodities...

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Coca-Cola defeats U.S. lawsuit over Diet Coke ads

Coca-Cola defeats U.S. lawsuit over Diet Coke ads

A federal judge has dismissed a lawsuit claiming that Coca-Cola Co.’s advertising for Diet Coke misleads people into thinking that consuming the soft drink assists in weight loss, and that it actually causes weight gain. The plaintiff, Shana Becerra, claimed that she and others would not have...

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BMW recalls 12,000 diesel cars over emissions

BMW recalls 12,000 diesel cars over emissions

German high-end carmaker BMW on Friday recalled thousands of diesel cars for a software update, after reports it had admitted to authorities they released more harmful emissions on the road than in the lab. BMW "noticed during internal testing that correctly programmed software was...

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Israel, Egypt gas agreement: another empty deal

Israel, Egypt gas agreement: another empty deal

The recent natural gas agreement on Monday between Israel and Egypt is more symbolic than viable with the aim of fabricating a gas market in Egypt to send a message that Jordan is not Israel's only market in the region, according to the director of hydrocarbons at the Paris-based Mediterranean...

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Number of crypto hedge funds soars amid bitcoin volatility

Number of crypto hedge funds soars amid bitcoin volatility

LONDON- The number of hedge funds focused on trading cryptocurrencies more than doubled in the four months to Feb. 15, despite sharp falls in the value of the virtual coins in recent weeks, data from fintech research house Autonomous NEXT showed Thursday. The firm recorded a...

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Turkish, Korean firms to build ring road in Kazakhstan

Turkish, Korean firms to build ring road in Kazakhstan

Turkish and South Korean companies on Thursday signed a concession agreement to build the Big Almaty Ring Road (BAKAD) project in Kazakhstan. The Turkish firms, Makyol Construction and Alsim Alarko, and South Korean companies -- Korean SK and Korea Expressway Corporation -- inked the...

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Qatar Airways’ CEO says carrier will grow despite Mideast spat

Qatar Airways’ CEO says carrier will grow despite Mideast spat

Qatar Airways’ chief executive said Tuesday the carrier will post a loss this year because four other Arab countries have severed land, air and sea links with Qatar. Akbar al-Baker said that the boycott on Qatar’s flagship airline flying to neighboring Saudi Arabia, the United Arab...

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Touting 'transformation', French PM seeks investment in Dubai

Touting 'transformation', French PM seeks investment in Dubai

 France's Prime Minister Edouard Philippe promised lower taxes and a business-friendly France at a global summit in Dubai Sunday, seeking investment from the oil-rich Gulf region. "France is undergoing great transformation", Philippe said, addressing a thousand-strong audience at...

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Reconstruction Cake: EU States Plan to Rebuild in Homs, Damascus

Reconstruction Cake: EU States Plan to Rebuild in Homs, Damascus

By Abdullah Ghadawi (Zaman al-Wasl)- Sources in the Syrian opposition revealed that economic projects have been promised to Britain and France in Syria, pointing out that these European countries have placed their political and economic interests in Syria, especially regarding...

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Iranian site severely damaged by Israeli airstrikes: satellite images      Deal reached to evacuate pro-regime Syria towns: activist group      Israel prepared for ‘any scenario’ in Gaza: Netanyahu      Nearly 270 undocumented migrants held across Turkey      Iran resumes air flights to Iraq’s Najaf      Assad forces take strategic hilltop in southwestern Syria      After reprieve, Britain's May faces Brexit battle in parliament on trade      Russian establishment chalks up Trump summit as a win for Putin