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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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    Iran receives 1st Airbus plane after JCPOA

    The head of IranAir took delivery in France on Wednesday of the first Western airliner under an international sanctions deal, calling it a "sunny day" for relations between Iran and Europe.

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    World’s largest oil trader loans $1bn to Iran

    The world's largest independent oil trader Vitol has signed a deal to provide Iran with a major loan worth $1 billion - a landmark move that can help expedite the country’s crucial plans to boost its production of crude.

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    China to build 4,000 MW power transmission line in Pakistan

    The state grid of China will help build a 4,000 MW power transmission line in Pakistan in a project valued at $1.5 billion, Pakistan said on Friday.It is the latest in a series of Chinese investments.

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    China targets $1 trillion tourism revenue by 2020

    The Chinese government's five-year tourism plan (2016-2020) says China will strive to develop tourism into a major driver for economic transformation and upgrades.

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    China wants to know India's response to CPEC offer

    China said on Friday said the China-Pakistan Economic Corridor (CPEC) is an "open initiative" of its One Belt One Road project, but it would consider the possibility of other countries joining CPEC.

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    Anyong! Why South Korean investors are knocking on the doors of Indian startups

    On December 19, Bengaluru-based real estate portal NoBroker said it has raised $7 million (Rs 50 crore) in a round led by KTB Network, a Seoul-based VC firm.

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    Saudi Arabia projects $53 bn deficit in 2017

    Saudi Arabia on Thursday projected a 2017 budget deficit of about $53 billion and a lower than expected shortfall for this year after government cost-cutting in response to lower oil prices.

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    Pakistan Senate proposes scrapping 5000 rupee note

    Pakistan's Senate has recommended scrapping of the 5,000 rupee ($48) banknote, despite government opposition that removal of the country's denomination bill could destabilize the economy.

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    Indian Hotels shareholders worry over Cyrus Mistry taking battle to court

    A day after Cyrus P Mistry's sudden decision to quit from the boards of six Tata group companies, Indian Hotels Company Ltd (IHCL) shareholders at the EGM today expressed concern.

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    First trade activity under CPEC kicks off

    Pakistan and China kicked off first trade activities under the China-Pakistan Economic Corridor project (CPEC) on Monday as over a hundred Chinese containers arrived.

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    Pakistan lifts ‘undeclared’ ban on Indian cotton imports

    Pakistan has lifted an “undeclared” ban on import of ginned cotton from India, days after rejecting a consignment of 10,000 bales of cotton from India.

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