Wednesday, June 24

Economy

Iraq on Friday reopened its North Refinery in Baiji that was shut for a decade during the violence and chaos that followed the US-led invasion in 2003 which made it nearly impossible to run one of the country’s most vital energy complexes.

South Africa’s government will draw down 150 billion rand ($7.93 billion) over the next three years from a central bank-administered contingency account to limit borrowing, the National Treasury said on Wednesday.

Dubai aims to position itself among the top three urban economies worldwide, having achieved its trade goals ahead of its set timeline, and has set a new trade target of achieving Dh25.6 trillion over the next decade.

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