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Business

  • Libyan oil
The majority of Libyan oil is exported to European markets
Libyan oil output has risen to 1.3 million bpd
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  • Morocco's economy
The Central Bank expects Morocco's economic recovery to continue
Morocco's economy set to grow by 6.2% in 2021
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  • DP World
A backlog of cargo
DP World warns of long shipping supply chain disruptions
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  • Gas market
Kaabi expressed his unhappiness about gas prices being high
Qatar can't help ease red hot gas market
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  • Invest in Dubai
Invest in Dubai
Dubai unveils PPP projects worth nearly $7 billion
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  • Bank Melli Iran
Bank Melli Iran is based in Hamburg
Germany’s BaFin bans Bank Melli Iran from issuing loans
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  • Turkish Lira
Turkish lira losing against the US dollar
Turkish lira leads FX losses ahead of US payrolls
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  • Saudi Aramco
Just under 2% of Aramco is publicly listed on the Saudi Tadawul stock exchange
Saudi Aramco reaches $2 trillion valuation
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  • UAE economy
The bonds have tranches of 10, 20, and 40 years
UAE starts marketing first federal govt dollar bonds
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  • Oil Market
Demand for oil products like gasoline and jet fuel is getting stronger
Oil prices jump to 7-year high
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  • Jordan -Syria
Flights between Jordan and Syria had been suspended at the start of the decade-old conflict in Syria
Royal Jordanian to resume direct flights to Damascus from October 3
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  • Qatar Airways
Qatar Airways acknowledged receiving a $3 billion lifeline from the Qatari government to keep operating
Qatar Airways suffers $4.1 billion losses
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  • Turkey Economy
The Turkish economy never fully recovered from a 2018 currency crisis
Turkish central bank unexpectedly cuts interest rate
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  • DAMAC Properties
DAMAC is known in Dubai for a development that features a Trump-branded golf club surrounded by villas and apartments
DAMAC Properties gets approval to take firm private
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  • Kuwait tourism
Kuwait Touristic Enterprises plans to execute 95 initiatives and projects costing 380 million dinars over 10 years
Kuwait Touristic plans capital hike
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  • UAE-Israel trade ties
The economic benefits have come quickly for the UAE and Israel from US-brokered Abraham Accords
UAE eyes trillion dollars in economic exchanges with Israel
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