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Egypt starts repaying up to $1.5bn in oil company arrears, sources say

CAIRO: Egypt has started paying off dues owed to foreign oil and gas companies operating in the country, the government said on Tuesday, with sources saying that up to $1.5 billion had been set aside for the payments. A cabinet statement said the payment process that had already begun accounted for about 20 percent of arrears owed to the companies,. ....

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Russia says it's hard to believe Daesh could have launched Moscow attack

MOSCOW: Russian Foreign Ministry spokeswoman Maria Zakharova said on Wednesday that it was “extremely hard to believe” that Daesh would have had the capacity to launch an attack on a Moscow concert hall last Friday that killed at least 140 people. At a briefing with reporters, Zakharova instead doubled down on Moscow’s assertions, for which it has not yet provided. ....

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UN humanitarian chief Martin Griffiths is stepping down for health reasons

UNITED NATIONS: UN humanitarian chief Martin Griffiths is stepping down for health reasons after nearly three years of trying to tackle mounting humanitarian crises in Ukraine, Gaza and Africa, the United Nations announced Monday. UN Secretary-General António Guterres praised Griffiths “for his tremendous leadership and service to the United Nations and the humanitarian community in advocating for people affected by. ....

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Lower hedging costs reveal Japan investors' confidence in weak yen bets

Three-month yen basis swaps, which indicate decreasing demand for hedging the more they rise, closed last week at their highest level since January 2022. ....

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Emerging Markets - Asian forex remain tepid on uncertain rate-cut outlook as equities jump

Most equities in emerging Asia advanced on Tuesday, led by strong performances in Singapore and South Korea, while currencies remained largely subdued as traders were uncertain about the timing of U.S. interest rate cuts. ....

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