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  Bloomberg High in the Arctic circle, three oil terminals on Russia’s northern coast are already exporting as much crude oil as Libya — and that flow could double in the next five years. It’s a sign the development of remote deposits in the country’s harsh and fragile north will play an increasingly important role as conventional production in the ...

  AFP Portuguese Finance Minister Mario Centeno pinned his colours to the mast, donning a green and red scarf as his countrymen lifted the European Championship trophy. EU colleagues in Brussels congratulated him as he lauded the Seleccao’s final win over tournament hosts France in Paris. But the Lisbon government had two reasons to celebrate — not just a maiden ...

  Dubai / Emirates Business The Rental Disputes Center (RDC), the judicial arm of the Dubai Land Department (DLD), signed a Memorandum of Understanding (MoU) with the Central Bank of the United Arab Emirates, in order to facilitate prompt information exchanges between the RDC and banks operating in the UAE for Rental Disputes. Furthermore, an electronic framework of cooperation will ...

  RITIKA SHARMA / Emirates Business Accounting for a major chunk of overall automobile sales, the SUV (sports utility vehicle) segment in the UAE is on the right track, experts say. The sales in the country are higher by a substantial 5-6 percent as compared to other GCC nations. Given the elements of luxury, style and comfort that are combined ...

  Bloomberg Turkey’s lira plunged the most in eight years, an exchange-traded fund tied to the country’s shares declined and U.S. Treasuries ticked higher after Turkey’s army said it seized power and President Recep Tayyip Erdogan asserted that he remains in control. U.S. stock futures slipped. The lira lost 4.6 percent to 3.0157 per dollar in the biggest selloff since ...

  Bloomberg The S&P 500 Index halted a five-day rally that took it to a record, while the dollar rose and Treasuries had the biggest weekly drop in a year as data boosted optimism in the economy. News after the close of U.S. equities markets that Turkey’s army had seized power stoked demand for haven assets. The nation’s lira plunged ...

  ISTANBUL / Reuters Forces loyal to Turkey’s government fought on Saturday to crush the last remnants of a military coup attempt which collapsed after crowds answered President Tayyip Erdogan’s call to take to the streets and dozens of rebels abandoned their tanks. One hundred and sixty-one people were killed, including many civilians, after a faction of the armed forces ...

  Nice, France / AFP The IS group claimed responsibility on Saturday for the truck massacre in Nice which France said was “a new kind of attack,” as it faced hard questions over security failures. In a statement via its Amaq news service, IS said one of its “soldiers” carried out Thursday night’s attack “in response to calls to target ...

Moscow / AFP US Secretary of State John Kerry and Russian counterpart Sergei Lavrov said on Friday they had agreed on “concrete steps” to salvage a failing truce and tackle extremist groups in Syria but refrained from laying out their deal. The top diplomats emerged from 12-hour marathon talks saying they agreed on the way forward, but Kerry stressed that ...

  ALKESH SHARMA / Emirates Business An all-new generation of tech-savvy individuals, who believe in making the most out of technology marvels, is apparently giving a boost to the wearables market in the UAE. Driven by an increased adoption of smart watches, techie wristbands and competitive prices, the country’s wearables industry is certainly enjoying one of the most money-spinning phases ...