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The US Treasury Department in Washington. US Treasuries are traditionally considered a safe asset. Bloomberg

Saudi Arabia's holdings of US Treasuries rise to $148.8bn

Foreign holdings of US Treasuries reached new record in November

Economy

US imposes sanctions on Iran over deadly suppression of protests

IHC teams up with US investment arm in boost to Trump's foreign policy

Oil prices tumble as Trump holds off Iran attack, easing supply concerns

UAE joins US-led Pax Silica to boost AI goals

What is Pax Silica, the tech circle formed by the US that includes the UAE?

No clarity on details of Trump's Iran tariff plan, UAE minister says



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President Sheikh Mohamed and Philippine President Ferdinand Marcos Jr. Photo: UAE Presidential Court

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Rio Tinto's offices in Perth, western Australia. Rio Tinto and Glencore had last discussed a merger in 2024. Bloomberg

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Mutrah Souq at Muscat. Oman has been taking steps to diversify its economy away from oil. Victor Besa / The National

Oman to set up international financial centre

Initiative will have regulatory autonomy and offers sultanate a platform to diversify beyond oil

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Cars wait to be shipped for export at a port in Lianyungang, in eastern China's Jiangsu province. AFP

Business InsightsThe West will pay a high price for standing up to China

As Chinese exports flood global markets, western governments face a familiar but fraught choice: protect domestic industry or keep prices low

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Oil down at start of 2026 amid geopolitical tensions and oversupply concerns

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The US dollar fell by about 9 per cent against a basket of currencies last year, its worst performance since 2017. Reuters

Why 2026 could be another difficult year for the dollar

US currency ended last year with its worst annual retreat in nearly a decade and faces more challenges this year

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Federal Reserve minutes highlight discord within US central bank

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Lebanon turns to Egyptian gas to ease electricity shortages

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Bahrain prepares new fiscal reforms to curb rising debt

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