March, 2022

• 28 March

  Seif El Hakim to focus on real estate, business set up

  

    DUBAI / Gulf Time After having firmly entrenched itself in the Egyptian, Russian and Turkish markets Seif El Hakim Group of companies is set to foray into the cosmopolitan city of Dubai which is synonymous with the posh shopping malls, penthouses and real estate activity as the city which is fast returning to normal. The real estate industry has ...

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• 28 March

  War turns Argentina’s shale boom dream into gas-buying nightmare

  

    Bloomberg Argentina, home to some of the world’s vastest gas reserves, is bracing for the unthinkable: rationing one of its chief natural resources. Despite having shale-gas deposits to rival those in Appalachia, which made the US a major exporter, Argentina’s domestic gas production sector has suffered from years of underinvestment that has left it unable to meet domestic demand, ...

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• 28 March

  India asks power firms to import coal on electricity demand

  

    Bloomberg India asked power manufacturers to keep importing coal to meet increasing demand for electricity even as prices of the fossil fuel surged. The power companies need to resolve issues related to rising prices and stick to the power-purchase agreement, the Ministry of Power said in a statement. “Not maintaining adequate fuel stocks or not giving availability on any ...

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• 28 March

  Trading arm of Gazprom risks rattling energy markets

  

    Bloomberg The trading arm of Russia’s gas giant Gazprom PJSC is under increasing pressure as clients and peers flee in response to the war in Ukraine, posing a risk for energy markets from the UK to Germany and Singapore. Gazprom Marketing & Trading is facing liquidity problems as banks delay its transactions and peers refuse to deal with it, ...

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• 28 March

  When fighting Putin comes before climate change

  

  On the day Russia launched its all-out attack on Ukraine, Svitlana Krakovska was holed up in her home city of Kyiv, working feverishly to finish a report. As leader of the Ukrainian delegation to the Intergovernmental Panel on Climate Change (IPCC), she and scientists around the world were dotting the i’s and crossing the t’s of their sixth assessment of ...

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• 28 March

  Who leads India’s EV battery race?

  

  The dark horse of India’s battery race is pulling away from the pack, but can it beat the bookies’ favourite? Ola Electric Mobility Pvt, a Bengaluru-based startup, will get state support to manufacture EV batteries that can store a total of 20 gigawatt-hours of power, the government said. Reliance Industries Ltd, the country’s largest conglomerate, will get subsidies for five ...

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• 28 March

  Now is the right time for US-EU trade deal

    Russia’s invasion of Ukraine has reminded the US and Europe that their alliance matters. Their united response to President Vladimir Putin’s assault on the international order should alert them to something else — that resilience depends on economic and financial cooperation and not just on formal security commitments. In that light, reviving stalled talks on a free-trade agreement is ...

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• 28 March

  Joe Biden should tax the rich to shrink deficit

    To help fight inflation, Joe Biden ought to take a page out of his former boss’ book: He should make a strong pitch for taxing the rich to reduce the federal budget deficit. From the day his party suffered a massive midterm “shellacking” straight through his successful re-election campaign, Barack Obama branded the Democrats as the party of deficit ...

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• 28 March

  Biden seeks to temper remark on Putin as US allies object

  

  Bloomberg President Joe Biden sought to clarify his call for the removal of Vladimir Putin, saying he wasn’t seeking regime change after European allies raised concern and critics said he was further inflaming tension with Russia. French President Emmanuel Macron and the UK government distanced themselves from Biden’s stunning comment, which capped a speech in Warsaw to rally support for ...

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• 28 March

  Russian foreign minister to visit India this week

  

  Bloomberg Russian Foreign Minister Sergei Lavrov will visit New Delhi this week, The Hindu newspaper reported, citing unnamed officials. The visit would the highest-level visit from Moscow since Vladimir Putin’s attack on Ukraine. Indian and Russian officials are expected to discuss the sale of Russian crude oil to India and also work out a rupee-ruble denominated payment method for oil ...

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