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Al Ain Economic News Brief Gold in Egypt, Tunisia …




Al Ain News monitors the most important events in the field of economics, as part of providing a distinguished service to the reader that covers important events in the sector at regional and international levels.

Saudi companies have dealt Turkish President Recep Tayyip Erdogan a heavy blow after announcing the suspension of all imports of Turkish products, in order to increase the effectiveness of the popular boycott campaign.

The US economy is in an unenviable position in light of the negative results and figures it has recorded since the outbreak of the Corona pandemic last March.

A few months after the Lebanese movement started a year ago, in which the local pound recorded a historic collapse against the US dollar, causing with it a collapse in the purchasing power of citizens.

Yi Gang, governor of the People’s Bank of China (the central bank), said in a Group of Twenty video conference on Thursday that China supports the group’s proposal for an additional extension to ease the debt burden of poor countries, according to a statement on the central bank website, which he saw as everyone’s duty.

Experts have revealed a plan led by Turkish President Recep Tayyip Erdogan to seize the wealth of Libya, in the name of the collapsing economy of Ankaras, by raising the issue of rebuilding Libya, to a time when the capital is still under the influence of militia armies.

Sudan signed 10 exploration agreements for gold and associated minerals on Friday, according to the mining sector of the Energy Ministry.

Former Secretary of State Hillary Clinton’s emails have carried more burdens and scandals for the Qatari regime, which is under domestic and international pressure as a result of the boycott, as international reports emerge of cases of corruption of its officials.

France intends to raise 20 billion euros ($ 23 billion) in equity-like loans for small businesses affected by the Corona crisis, by offering government guarantees to investors for the first 2 billion. euros in losses, officials said on Friday.

Gold prices fell in Egypt at the close of trading on Friday and abandoned the gains they made in the morning, as global precious metal prices are heading for the first weekly loss in 3 weeks .

U.S. stocks have benefited from positive results on a vaccine to fight the coronavirus, ignoring negative results for important sectors of the U.S. economy.

Tunisia is one of the countries that has been severely affected by the coronavirus epidemic, and the pandemic is leading the country’s economy to record a decline not seen in nearly 40 years.

European Commission President Ursula von der Leyen has announced that the European Union will step up trade talks with Britain, while Boris Johnson, the British Prime Minister, expects the scenario not to reach a Brexit deal unless the European Union makes fundamental changes.

It is only a few days before the US dollar breaks the 8-pound barrier, after the Turkish currency hit a new low on Friday at 7.901 per dollar.

European stocks rebounded at the end of the week’s session, after a series of losses suffered by the increase in Coronavirus infections, but hopes on the American company Pfizer vaccine have given the green color to European stock indexes.

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