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Gulf Economies to Pick Up Speed Next Year, With Fall in Oil Prices Biggest Risk

The oil-rich region will benefit from an increased COVID-19 vaccination rate, rising oil prices, and easing of lockdown restrictions this year and next, the poll suggested.

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Egypt Economy Forecast to Grow 5.1% In Year to June, 5.5% In 2022/23

The central bank said last month economic growth surged to 7.7% in the final quarter of the last fiscal year, indicating growth of 3.3% for the entirety of 2020/21, up from a previous full fiscal-year estimate of 2.8%.

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Facebook Will Add 10,000 Jobs in Europe to Help Build Virtual Worlds

The company is committing to the ‘metaverse’ in a big way.

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Turkish Lira at New Lows After Erdogan Fires Bank Officials

The shakeup of bank officials came hours after Erdogan met with the central bank’s governor, Sahap Kavcioglu.

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German Economic Institutes Cut 2021 GDP Forecast

The five institutes expect inflation to be 2.5% in 2022 and 1.7% in 2023.

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Harry and Meghan Bet on Finance With ESG Venture

The couple became investors in Ethic earlier this year and have investments managed by the company as well.

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European Markets Slump As UK Economic Growth Falls Short of Forecasts

The services sector grew just 0.3% during the month, while output in consumer-facing services increased by 1.2%.

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Saudi Aramco Taps Banks for $12–14 Billion Gas Pipeline Loan

Aramco could raise at least $17 billion from the sale of a significant minority stake in its gas pipelines.

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