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Turkey transfers billions to sovereign fund

  Reuters Turkey has transferred government stakes worth billions of dollars in Turkish Airlines, major banks and fixed-line operator Turk Telekom to a sovereign wealth fund set up last year to help finance big-ticket infrastructure projects. Ankara has ambitious plans for the fund, established last August with initial capital of 50 million lira ($13.6 million). It wants the fund to ...

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Iran says shipment will boost its uranium supply

  TEHRAN/ AP Iran’s nuclear chief says it will have 60 percent more stockpiled uranium than it did prior to the landmark 2015 agreement with world powers after a shipment expected later this week. Ali Akbar Salehi was quoted by the semi-official Fars news agency on Sunday as saying that Iran will receive a final batch of 149 tons of ...

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Egypt’s foreign reserves reach 26.4bn in January

  CAIRO / AP Egypt’s Central Bank says that the country’s foreign reserves have reached $26.4 billion in January, up from $23 billion in November. The bank announced the increase in a brief statement posted online Monday. The rise comes after the government secured a $12 billion loan from the International Monetary Fund. In order to qualify for that loan, ...

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