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Iran to seek investors for $3bn refinery project

  Bloomberg Iran will seek international investors for a $3 billion refinery project in the country’s south as the Persian Gulf nation looks to boost sales of its oil and natural gas products in Asia. The refining complex on Iran’s Persian Gulf coast will seek to raise as much as 80 percent of the capital needed from international partners or ...

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Turkey firm wins Morocco tram deal

  Emirates Business Morocco’s Casa Transports has awarded Turkey’s Yapi Merkezi an €83m ($94m) contract for the construction of Line 2 of the Casablanca tram line. The line will feature 20 stations, with construction expected to take a two-and-a-half years, according to a rail industry publication. Line 2 will start where the western branch of Line 1 terminates, at Boulevard ...

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Central banks buoy bonds, commodities & emerging markets

  BLOOMBERG Bonds rose with commodities and emerging markets on speculation that central banks will persist with policies that support financial markets. The European Central Bank began buying corporate bonds to expand its monetary stimulus, helping drive average yields on investment-grade corporate debt below 1 percent. Germany’s 10-year bund yields fell to a record. Emerging markets equities and currencies rose ...

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