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Mideast stocks shrug off Turkey coup as Almarai rises on profit

  Bloomberg Most Gulf stock indexes rose, even after an attempted coup in Turkey that began on Friday rattled global markets. Saudi Arabia’s Almarai Co., the region’s largest publicly-traded packaged-food manufacturer, climbed as much as 5.5 percent before closing 2.3 percent higher as it posted a 19 percent increase in second-quarter profit. It was the third-biggest contributor to the Tadawul ...

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Colombian strike sends arabica-robusta spread to 17-month high

  Bloomberg A trucker’s strike delaying coffee exports from Colombia and the stronger Brazilian real have widened the price gap between arabica and robusta beans to the most in 17 months. Shipments from Colombia, the second-largest producer of arabica, may fall 50 percent this month as truckers block roads and prevent beans from reaching the ports, said Carlos Ignacio Rojas, ...

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Turkey moves to calm investors after quashing coup attempt

  BLOOMBERG The Turkish government moved swiftly to calm investors before financial markets reopen on Monday after a failed coup, with the central bank promising unlimited liquidity to lenders and the deputy prime minister posting on Twitter that there’s “no need to worry.” Turkey’s lira plunged the most against the dollar in eight years on Friday as tanks rolled through ...

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