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Business : Page 3

Iran to give $2.5 billion to less privileged classes
Mohammad Baqer NobakhtNovember 16, 2019 ET
Iranian Vice-President and Head of the Management and Planning Organization (MPO) Mohammad Baqer Nobakht said that some $2.5 billion is estimated to be earned from the gas price hike in the country, adding that the whole amount is planned to be distributed among 18 million families of lower economic status.
China unexpectedly injects $29 billion into banking sector
China central bankNovember 16, 2019 ET
China’s central bank unexpectedly added liquidity to the banking system Friday to help lenders through the tax season, a move that analysts saw as a sign that larger-scale stimulus is unlikely in the near term.
EIB giving 7 billion euros for communications, renewable energy and innovation
European Investment BankNovember 16, 2019 ET
The Board of the European Investment Bank (EIB) agreed to support EUR 6.9 billion of new financing.
U.S. oil drillers cut oil rigs for fourth week in a row
Oil drillersNovember 15, 2019 ET
U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row.
U.S. exports may never recover from trade war
Trade cargo trainNovember 15, 2019 ET
The Trump administration’s trade war is ravaging exports to China across the U.S., new data from the U.S. Commerce Department show.
Mongolian coal exports in 10 months surge
Mongolian coal mineNovember 15, 2019 ET
Mongolian Customs General Administration data showed that Mongolia earned USD 2.75 billion from coal exports to China in the first 10 months of this year as it exported a total of 32.3 million tonnes of coal in the January-October period, virtually all to China, with a YoY increase of 1.4 million tonnes
First cruise ship arrives in Tunisia since 2015
Amera cruise shipNovember 15, 2019 ET
Amera, the first cruise ship anchored on Tunisian coasts since 2015, arrived on Thursday in the northern suburb of Tunis with 1,090 passengers.
Egypt's tourism revenues up 28 percent in fiscal year 2018-2019
Egypt tourismNovember 15, 2019 ET
The Central Bank of Egypt (CBE) revealed that tourism revenues increased by 28 percent in the fiscal year 2018-2019 from the previous year.
Texas most attractive for oil and gas investment, Oklahoma and Kansas follow
Texas oil fieldNovember 14, 2019 ET
Texas is more than two times as attractive than Alberta for oil and gas investment, according the Fraser Institute.
Greece early repayment of IMF loans to be completed by early December
Greece streetNovember 14, 2019 ET
Greece is expected to complete the early repayment of around 2.7 billion euros of outstanding debt owed to the International Monetary Fund by early December, Finance Minister Christos Staikouras was quoted as saying.
€340 billion a year laundered through Britain and U.S.
London streetNovember 14, 2019 ET
At least €13bn is laundered through the Netherlands on an annual basis, with most of the money coming from Dutch criminal enterprises, according to new research quoted in the Finanancieele Dagblad.
ADB approves fresh 300 million USD loan for Philippines
Asian Development BankNovember 14, 2019 ET
The Asian Development Bank (ADB) has approved a 300 million U.S. dollars loan to support the Philippines\' efforts to help local government units (LGUs) across the country deliver high-quality and accountable services, boost economic development and reduce poverty.
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