Middle East/Economy
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Saudi Aramco becomes world's most valuable company
The Saudi Arabian oil giant is valued at $2.42 trillion, surpassing tech giant Apple
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Report: Saudi Arabia to invest in Israel through Kushner's fund
This will mark the first public business transaction between the countries
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Official inflation rate in Turkey neared 70 percent in April
Economists say Turkey's problems are attributable to Erdogan's unconventional economic strategy
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Erdogan aims for investment in Turkey with Saudi Arabia trip
Experts believe that securing Saudi capital could help Turkey with its financial woes
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Israel: Gaza border closure aims to up economic pressure on Hamas
'Firing rockets would lead into a very fast deterioration' in Gaza's economic situation
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MENA startups raise $864m in first quarter of 2022
Startups in the UAE lead the MENA region, claiming 27 percent of all deals closed in 2022 so far
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Ramadan shoppers face soaring prices at grocery stores
'Everything is expensive - meat is expensive, we will not buy it'
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Israel, UAE finalize free trade deal
'This milestone deal will cement one of the world’s most... promising emerging trading relationships'
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OPEC sticks to modest oil output despite Ukraine war pressure
OPEC plans to increase production by a marginal amount to 432,000 barrels per day in May
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Taliban guards Buddha relics to secure investment from China
Mubariz says that 'Protecting them is very important to us and the Chinese'
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Algerian, Chinese firms announce phosphate mining mega-deal
'The company will produce about [5.9 million tons] of fertilizer per year'
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Germany and Qatar form long-term energy partnership
'The companies that have come to Qatar... will now enter into contract negotiations'
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Digital art in spotlight as Dubai makes crypto hub bid
Art Dubai features digital works for the first time
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US, UN urge end to blockade on Libya’s oil fields
'Blocking oil production deprives all Libyans from their major source of revenue'
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Turkey’s inflation hits highest rate since 2002
The rising cost of living is a major source of public discontent for Turkey's inhabitants
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Israel ‘optimistic’ as UAE free trade agreement nears
Ben-Zeev says 'We are very optimistic about the opportunities'
4 min read
No full recovery until 2024, says Dubai airports chief
'We are nowhere near the pre-pandemic levels'
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Saudi consumers expected to shop online more in 2022
Saudi communities are embracing digital commerce with 'great passion and remarkable speed'
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Turkey: Opposition head won’t pay bills, protests price rise
'I will not pay any of my electricity bills from today until Erdogan withdraws the price hikes'
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IMF greenlights $1 billion loan disbursement for Pakistan
Pakistan's growth is expected to reach four percent this year, but the IMF warns it remains vulnerable
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Israel approves $94m joint R&D fund with UAE
'These investments are going to support the already explosive growth in Israel-Emirati trade'
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Lebanon’s middle class feels the strain of economic crisis
Wissam says that Lebanon's leaders 'are all corrupt and thieves'
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UK and Oman sign deal pledging to bolster investment ties
Lord Grimstone says 'Our two countries share a vision for a sustainable and prosperous future'
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Iran calls for US to unfreeze Afghanistan’s overseas funds
Iran's foreign minister says the funds 'should be used for humanitarian purposes'