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Opec+ sticks with plans to gently hike supply as demand recovers

Bloomberg The Organisation of Petroleum Exporting Countries (Opec) and its allies recommended proceeding with plans to gently revive oil production as global demand recovers from the pandemic, despite surging infections in India. A committee led by Saudi Arabia and Russia agreed the coalition can skip a full-scale ministerial meeting originally scheduled for Wednesday, and press on with its road-map for ...

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Draghi bets $315 billion on redesign for Italy economy

Bloomberg Prime Minister Mario Draghi has just days to perfect and finalise what he’s calling a “historic” project to rescue Italy’s economy from the pandemic and fix its structural weaknesses, using $315 billion of mostly European Union (EU) funds. A lot is riding on the plan. If it works, it would overturn the fortunes of an economy long regarded as ...

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Sudanese PM hails UAE’s support to his country

KHARTOUM / WAM Dr Abdalla Hamdok, Prime Minister of Sudan, has commended the UAE’s stances in support of his country in international fora as well the UAE’s continuous efforts to make the transitional period a success. During his meeting with Hamad Muhammad Hamid Al Junaibi, UAE Ambassador to Sudan, Dr Hamdok praised the outstanding ties between the two brotherly countries. ...

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