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Gulf

Gulf News

Some investors want new Abraaj review Some investors in funds managed by Dubai-based Abraaj want to block the sale of assets to Colony Capital pending a review of Abraaj’s handling of funds, according to a report seen by Reuters, potentially …

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India

India News This Week

India’s June trade deficit highest in 5 years, and this is the biggest reason India’s trade deficit widened to its highest in more than five years in June, the trade ministry said on Friday, driven largely by a surge in …

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Pakistan

Pakistan News

ICCI shows concerns over high trade deficit The Islamabad Chamber of Commerce and Industry (ICCI) has shown concerns over a record high trade deficit that has touched $37.7 billion during the fiscal year 2017-18, stating that it would put more …

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Shipping

Shipping News

Dry bulk shipping stocks poised to jump Given all the focus on trade between the US and China, it is interesting that the financial media seem to have missed the most salient indicator. No, it’s not a tweet or a …

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Technology

Technology News

PAKISTAN: Jazz and Careem Collaborate to Provide Exciting Offers to Users: Jazz has collaborated with Careem to offer various promotions to its subscribers throughout the year. Subscribers can use the promo code ‘JAZZSUPER4G’ when booking a ride through the Careem …

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Commodity

Commodity News

Oil prices manage to close higher Oil prices rose about 1 percent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan ports reopened and on …

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Gulf

Gulf News

Dubai’s troubled Abraaj nears out-of-court settlement: Lawyer A Sharjah court has adjourned until July 11 a case involving the founder of private equity firm Abraaj, Arif Naqvi, and another executive for issuing a dud cheque, a lawyer involved in the …

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India

India News This Week

Piyush Goyal lauds GST council for success Union Finance Minister Piyush Goyal has lauded the Goods and Service Tax council for working as a responsive organisation and successfully implementing GST bill in the country in just a year. “The GST …

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Pakistan

Pakistan News

FBR forcefully withdraws Rs2bn from PRA’s bank accounts In its desperate effort to come near the downward revised target, the Federal Board of Revenue (FBR) has forcefully withdrawn about Rs2 billion from Punjab Revenue Authority’s (PRA) bank accounts, setting another …

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Shipping

Shipping News

Freight rates on VLCCs and Suezmazes move up Freight rates have risen over the last quarter on VLCCs and Suezmaxes. However, there have been supply-side shocks which threaten to reduce tonne-mile demand and though more vessels have been sold for …

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