Global oil demand to withstand rise of electric vehicles: IEA

LONDON, Nov 14 (Reuters): Global oil demand will fall only modestly alongside the expected rise in electric vehicles over the next two decades, with consumption in petrochemicals and other transportation still growing, the International Energy Agency said on Tuesday.Oil is already facing stiff competition from ever-cheaper and more environmentally friendly...

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Kuwait’s Alafco finalises order for 20 Boeing jets

DUBAI, Nov 14 (Reuters): Kuwait's Aviation Lease and Finance Company (ALAFCO) on Monday announced it was exercising options for 20 Boeing 737-8 MAX jets at the Dubai Airshow.The order, first announced at the Paris show in June, is valued at $2.2 billion at list prices.The aircraft will start being delivered...

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Nickel leads broad-based metals retreat after China data

LONDON, Nov 14 (Reuters): Nickel fell on Tuesday, leading a broad-based pullback in base metals prices after weaker-than-expected economic data from top raw materials consumer China sparked concerns over demand.Nickel, chiefly used in stainless steel, is still correcting from a surge to two-year highs this month on hopes for a...

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Gold prices slip as higher US yields weigh on mkt

BENGALURU, Nov 15 (Reuters): Gold prices inched down on Tuesday, hurt by higher US Treasury yields amid uncertainty over the outlook for tax reforms in the United States.Higher US bond yields can pressure gold prices as they reduce the appeal of non-yielding bullion.Investors will keep an eye on an European...

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Session on Preparation of Legal Instruments and Agreement Documents

Former Secretary Kazi Habibul Awal conducted Monday a session on Preparation of Legal Instruments and Agreement Documents at NEC Conference Room organised by Knowledge for Development Management (K4DM) Project. A total of 40 officials from Economic Relations Division participated in the session.

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