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A picture taken on October 31, 2017 shows advertising billboards in Cairo for "WE" a new mobile service from Egypt's state-owned company Telecom Egypt. In a country with more mobile phone subscriptions than residents, Egypt's only fixed-line operator is hoping to get in on the action with its new mobile service, WE. / AFP PHOTO / MOHAMED EL-SHAHED (Photo credit should read MOHAMED EL-SHAHED/AFP via Getty Images)
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Telecom Egypt sale foreshadows Cairo's uncertain privatization path

A Chinese vendor displays notes during a cash transaction in Beijing 14 January 2007. The yuan was pegged to the US dollar until 2005 when Beijing decided to revalue it by 2.1 percent and place the unit in a currency basket, allowing a greater but still very tightly controlled margin of flexibility, but the yuan has since slowly but steadily risen in value on the back of China's booming economy and the breaching of the 7.80 level. AFP PHOTO (Photo credit should read STR/AFP via Getty Images)
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China’s push for trade in yuan has downsides for Gulf states

Beach with parasols and blooming bougainvillea near Sharm el-Sheikh,Red Sea,Egypt.
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Egypt’s tourism sector continues to lure private investors despite economic difficulties

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)
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ADNOC boosts Middle East IPO activity as Saudi Aramco debates next moves

Tree branches flutter near high voltage transmission towers (electricity pylons) during a sandstorm in the south of the capital Tehran on July 4, 2022. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)
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Will Iran cut its energy subsidies?

People attend the International E-Sport Gamers forum "Next World", in the Saudi capital Riyadh, on September 7, 2022. - Much like with Formula One and professional golf, Saudi Arabia, the world's biggest oil exporter has in recent years leveraged its immense wealth to assert itself on the eSports stage, hosting glitzy conferences and snapping up established tournament organisers. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)
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Saudi Arabia set to outpace Egypt, UAE in gaming market growth

An employee of the Kuwait Oil Company (KOC) looks at 25 January 2005 the Gathering Center No.15 of al-Rawdatain field, 100 kms north of Kuwait City, following its inauguration just three years after coming under explosion. The KOC affiliated center came under fire by the eve of 2002 due to an oil leakage from the main pipe that protrudes from the Center. According to the emergency plan the center was immediately suspended from action. The oil leakage that reached the gas boosting station 130 and neighbourin
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Kuwait’s political crisis is undermining energy growth and options

Flags are set up during Israel's Negev Summit attended by the US Secretary of State, alongside Foreign Ministers of Israel, Egypt, Bahrain, the UAE, and Morocco, at Sde Boker in the southern Negev desert on March 28, 2022. (Photo by JACK GUEZ / AFP) (Photo by JACK GUEZ/AFP via Getty Images)
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Israel-Middle East trade soars, spurred by Abraham Accords and energy

This picture shows the swimming pool of a luxury villa for sale on one of the Palm Jumeirah man-made island, on the coast of the Gulf emirate of Dubai, on May 19, 2021. - Dubais property market is powering out of a six-year malaise as "lockdown dodgers" and wealthy international investors drive a buying frenzy that is breaking records and fuelling an economic recovery. Luxury villas are the hottest segment in the market, with European buyers in particular seeking homes on Dubais signature Palm Jumeirah man-
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Dubai’s real estate, cost of living conundrum creates opportunities for Gulf rivals to capitalize

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