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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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    India-Iran sign landmark port deal

    Trade, investment and regional connectivity between India and Iran received a boost Saturday with the two countries signing a dozen pacts including one on strategically located Chabahar port

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    Competing interests weigh in as Rouhani visits India

    Iran’s President Hassan Rouhani is on a three-day state visit to India to fast-track joint investment plans and review a whole gamut of relations at a time of new geopolitical realities.  

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    Indian bank hit by $1.8bn fraud case

    India's second largest state-run bank has uncovered a $1.8bn (£1.3bn) scam linked to a single Mumbai branch.The fraud amounts to nearly a third of Punjab National Bank's (PNB) market value, and 50 times.

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    Amazon posts largest profit in its history

    Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season.

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    International oil market heads towards ‘smooth rebalancing’

    After long years of punishingly low oil prices, the global oil market is moving closer to reaching a healthy balance between supply and demand, Opec said on Thursday.

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    India faces fiscal deficit target miss after extra borrowing

    India will borrow an additional 500 billion rupees ($7.79bn) this fiscal year, a higher-than-expected figure that could lead to it breaching its fiscal deficit target for the first time in four years

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    CPEC clout: Now, Yuan may replace US dollar in Pakistan-China trade

    Pakistan's minister for planning and development Ahsan Iqbal said that the government was examining a proposal to replace the US dollar with the Chinese yuan for trade between China and Pakistan.

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    Iraq and Iran sign Kirkuk oil swap deal

    Iraq has agreed to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil, Iraqi Oil Minister Jabar al-Luaibi has said.

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    Iran inaugurates first phase of Chabahar port

    Iranian President Hassan Rouhani on Sunday inaugurated the first phase of the country's strategic Chahbahar Port, opening up a transit route between Iran, Afghanistan and India that bypasses Pakistan, Tolo News reported.

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    China reluctant to cut off oil to North Korea

    The United States has renewed pressure on China to stop crude oil shipments to North Korea to close a crucial economic lifeline to the regime following its latest missile threat.

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    Oil Prices Could Double If Middle East Conflict Escalates

    Scarcity doesn’t really justify the upward price movement. There isn’t a shortage of oil in the world. But there could be, in the worst case, if missiles start flying between two of the world’s largest.

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    Trans-Pacific trade deal advances without United States

    Taking the agreement forward is a boost for the principle of multilateral trade pacts after U.S. President Donald Trump ditched the TPP early this year in favour of an “America First” policy he believes would save U.S.

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