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Business

  • 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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  • Iraq's oil industry
The Total deal also comes as other oil companies plan their exit from Iraq
Total signs $27 billion deals with Iraq for oil, gas, water
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  • Lebanon's fuel crisis
Fuel oil supply for all the mills has run out
Fuel shortages threatening Lebanon’s bread production
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  • Morocco-Algeria tension
Algeria has a second pipeline, Medgaz, that does not cross Morocco
Algeria mulls ending gas supplies to Morocco
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  • Sukuk
Returns on sukuk could be offered in local or foreign currency
Egypt to begin issuing sukuk in first half of 2022
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  • Dubai Airport
10.6 million passengers passed through the airport over the past six months
Passenger traffic at Dubai airport drops 40% in 2021
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  • Etihad
Etihad says it's ready to reap the benefits of a rebound after slashing year-on-year operational costs by 27%
Etihad posts $400 million in half-year losses
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  • Morocco-Israel ties
Many Israeli Jews have lineage that traces back to Morocco
Israeli airlines launch first direct flights to Morocco
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