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Saudis Scramble to Raise Cash for Aramco Share Sale

From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks after the oil giant announced its blockbuster market debut even as it offered few listing details.

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Hong Kong's Economic Woes Deepen with Plunging Business Outlook

Hong Kong's economic woes showed no sign of easing Wednesday after a key measure of business confidence fell to its lowest level in more than a decade as the city reels from the global trade war and violent democracy protests.

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UAE Announces Major New Oil, Gas Discoveries

The United Arab Emirates, a leading OPEC producer, on Monday announced "significant" oil and gas discoveries and launched a new pricing mechanism for Abu Dhabi flagship Murban crude.

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Saudi Bourse Sags as Giant Aramco Listing Looms

Saudi stocks sagged two percent Sunday after the announcement that the blockbuster listing of state energy firm Aramco was headed its way, as analysts warned it risked overwhelming the local bourse.

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Iraqi Kurds Boycott Turkish Goods after Syria Assault

Shopkeepers in Iraq's Kurdish region have been responding to activists' calls to boycott Turkish goods in protest at Ankara's assault on Kurdish forces in neighbouring Syria. 

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At Saudi's 'Davos in Desert', Foreign Women Avoid Abayas

Many foreign women at Saudi Arabia's Davos-style investment conference have donned an array of colorful tunics, happily avoiding the austere black "abaya", a garment until recently obligatory in the ultra-conservative country.

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World Stocks Ease Back on Trade Tensions

Global stock markets suffered losses Thursday as China-U.S. trade tensions resurfaced, with gloomy sentiment exacerbated by news of a recession in Hong Kong.

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PSA and Fiat Chrysler Unveil Merger of Equals

Peugeot-maker PSA and Fiat Chrysler unveiled Thursday a plan for a 50-50 merger that aims to create the world's fourth-largest car manufacturer, but quickly came under pressure to preserve jobs.

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Eurozone Faces Stagnation, as Inflation Falls again

Economic growth in the eurozone remained at a weak 0.2 percent in the third quarter and inflation fell in October, underlining the risk of stagnation in the 19-nation single-currency bloc.

According to official Eurostat figures published Thursday, inflation fell from 0.8 percent in September to 0.7 percent in October, well below the European Central Bank's target rate of just under two percent.

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Report: Saudi Aramco Shares to Start Trading in December

The long-planned initial public offering of a sliver of Saudi Arabia's state-run oil giant Saudi Aramco will see shares traded on Riyadh's stock exchange in December, a Saudi-owned satellite news channel reported Tuesday as the kingdom's marquee investment forum got underway.

The report by Dubai-based Al-Arabiya offered a crackle of life to the Future Investment Initiative in the kingdom's capital of Riyadh, an event created by Saudi Crown Prince Mohammed bin Salman. Initial panels at the forum offered a pessimistic look at a world as participants described the global economy as a teetering on a 1930s-level crisis.

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