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    Fearing West's Wrath, Russia's Rich Look To Stash Wealth In Dubai

    Rich Russians are trying to shift some of their wealth from Europe to Dubai to shield assets from a tightening wave of Western sanctions on Russia over its invasion of Ukraine, financial and legal sources said.

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    Iran uses energy diplomacy to shore up regional alliances

    Energy is the "very significant" focus of the trip by President Ebrahim Raeisi to Qatar to attend a regional gas conference and boost political and trade relations with Persian Gulf countries. 

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    Rahul Bajaj: A look at the timeline of India's top Industrialist

    Rahul Bajaj, the man who made brand Bajaj a household name through scooter models like Chetak and Priya and the ubiquitous Bajaj three-wheeler auto, passed away at 83 on Saturday.

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    Iranian engineering firm wins major contract in India

    An Iranian engineering consultancy firm has been awarded a contract in India to carry out a major water management project east of the country near the Bay of Bengal.

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    Toyota To Domino's: Kashmir Controversy Entangles More Companies

    Global automaker Toyota Motor and fast food chain Domino's Pizza are among half a dozen companies that have apologized to India for social media posts from their Pakistani partners expressing support for Kashmir.

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    Iran’s economy reveals power and limits of US sanctions

    Today, no sector of Iran’s economy has been spared by Washington’s punitive measures, which helped propel the country into a two-year recession and continue to impact every aspect of day-to-day life.

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    India unveils higher spending for infrastructure in growth budget

    India's government will step up spending to 39.45 trillion rupees ($529.7 billion) in the coming fiscal year to build public infrastructure and drive economic growth, it said on Tuesday.

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    In a first, UAE to lift tax-free status, brings new rules on corporate earning

    The United Arab Emirates plans to introduce a federal tax on corporate earnings for the first time next year, in its latest step toward dismantling a levy-free regime.

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    Indian economy contracts by 6.6 per cent in 2020-21

    Indian economy contracted by 6.6 per cent in 2020-21 on account of outbreak of Covid-19 and subsequent nationwide lockdown to contain the coronavirus pandemic.

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    Iran offers rare glimmer of hope as $100 oil looms

    Oil prices are on track for their biggest monthly gain in almost a year following a series of retaliatory attacks by Yemeni forces in the UAE and Saudi Arabia.  

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    Lankan dash brand enters international markets

    Multichemi International Ltd, which manufactures and distributes a wide range of products under dash, one of Sri Lanka’s leading detergent and household care brands, has begun exporting its products.

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    ComBank named ‘Most Sustainable Bank in Bangladesh’

    Commercial Bank Bangladesh, Commercial Bank of Ceylon’s largest overseas operation, has been adjudged the ‘Most Sustainable Bank in Bangladesh’ at the close of 2021.

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    McDonald’s to shut down 169 outlets in India

    The US burger chain, which has a presence in around 119 countries, said on Monday that it was terminating its agreement with Connaught Plaza Restaurant (CPRL) due to alleged breach of franchise agreements.

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    China bans North Korean imports

    China will halt iron, iron ore and seafood imports from North Korea starting Tuesday, following through on new UN sanctions after US pressure for Beijing to strongarm Pyongyang over its ally's nuclear programme.

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    Kurds oppose Iraq-Iran oil pipeline

    Authorities in the autonomous Iraqi Kurdistan have opposed exporting oil from the northern fields of Kirkuk via Iran, marking their first escalation of a spat which has started with secessionist calls.

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    Darjeeling unrest threatens tea shortage

    In the dozens of lush green plantations across the picturesque hill station, the June-August harvest season normally provides the bulk of the nearly eight million kilos of tea sold a year – most of which goes to Europe.

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    Qatar files complaint to WTO against blockading Gulf nations

    Qatar has filed a complaint with the World Trade Organization over an "illegal siege" imposed by its Gulf neighbors, the commerce ministry said Monday.

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    UAE-based Etihad loses $1.87B in 2016

    The Abu Dhabi-based airline's loss comes during a tough time for the Gulf's long-haul carriers, as a diplomatic crisis with Qatar upended regional air routes and Trump administration's travel ban on six majority Muslim.

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    Kazakhstan, China ink $160 million in agricultural agreements

    Kazakhstan and China signed $160 million in agreements July 11 during the Kazakh-Chinese Agriculture Investment Forum held as part of a two-day visit to the capital by Chinese Minister of Agriculture.

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    India's top court suspends ban on trade in cattle for slaughter

    India’s Supreme Court suspended on Tuesday a government ban on the trade of cattle for slaughter, a boost for the multi-billion dollar beef and leather industries mostly run by members of the Muslim minority.

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    Indian Oil plans to buy North American sour crude for the first time

    India's top refiner has issued its first tender to buy high-sulphur, or sour, crude from North America as it seeks to diversify imports, three trading sources said on Tuesday.

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    International businesses caught in Qatar crossfire

     International businesses are being caught in the crossfire of Qatar’s dispute with its Arab neighbours as it delays shipments, lengthens travel times and prompts contingency plans in case the crisis deepens.

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    Is There Still Hope For Higher Oil Prices? 

    Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared. All signs point to a period of "lower for longer.

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    Saudi Arabia Deports 15,000 Qatari Camels

    After Saudi Arabia broke off relations with Qatar on June 5, Riyadh made clear it wanted nothing to do with its tiny Arab neighbor. Trade is cut off, planes headed to Qatar can’t fly through Saudi airspace.

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