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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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    US to fall behind China, India in economic ranking

    In the report entitled "The long view: How will the global economic order change by 2050?", the professional services giant PWC ranked 32 countries by their projected global GDP

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    CPEC to generate 2.32 million jobs in Pakistan

    As Pakistan has started picking the low-lying fruit of the US $ 46 billion China-Pakistan Economic Corridor with the completion of coal-fired Sahiwal Power plant, the project is generating jobs for the Pakistani youth.

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    Amid Beijing's 'Silk Road' splurge, Chinese firms eye Pakistan

    Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months, a sign of deepening ties after Beijing vowed to plough $57 billion into a new trade route.

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    Work on TAPI pipeline to kick off in Pakistan this month

    Work on the long-awaited Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline will kick off in Pakistan this month as Tapi Company, which has the mandate to run the pipeline.

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    India unveils budget for recovery and the poor after cash crunch

    India is a “bright spot” in the world economy, Finance Minister Arun Jaitley said as he unveiled his annual budget on Wednesday, adding the impact on growth from the government’s cash crackdown would wear off soon.

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    Azerbaijan: Deepening Economic Crisis Stimulating Brain Drain

    Even when Hasan Suleymanov had a steady job, he could barely get by on his salary of less than $300 per month as an architect and designer. Then, Azerbaijan’s economy started to nosedive, forcing his employer.

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    India signs oil reserves pact with UAE

    India in 2014 began talks to lease part of its strategic storage to Abu Dhabi National Oil Co (ADNOC). Under such a deal, India would have first rights to the stored crude in case of an emergency.

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    First ‘Silk Road’ train arrives in UK from China

    After an 18-day, 12,000-kilometre intercontinental journey, the first freight train from China arrived in Britain on Wednesday.The lengthy journey is the latest manifestation of China’s drive to strengthen trade links.

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    Why India must move fast on the Chabahar Port project

    For most of the hour-long journey, Rashid (not his real name) concealed his excitement about speaking with the visitor he had ferried from Iran’s Konak airfield – a wobbly landing strip straight out of a Wild West film

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    Tajikistan fully cancels electricity rationing

    Tajikistan has fully cancelled electricity rationing. Starting from January 14, Tajik consumers will be provided with electricity 24 hours a day.President said the move became possible due to the launch.

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    Iran signs phone, petrol deals with Syria

    Iran will build a mobile phone network and petrol terminal in Syria under deals signed in Tehran on Tuesday during a visit by Prime Minister Imad Khamis, Iranian media reported.

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    IMF cuts India’s growth rate after demonetisation

    The International Monetary Fund (IMF) on Monday cut India’s growth rate for the 2016-17 fiscal year to 6.6 per cent from its previous estimate of 7.6pc due to “temporary negative consumption shock” of demonetisation.

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