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Abu Dhabis Adnoc in deal talks over oil refinery at centre of US sanctions
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. United Arab Emirates state energy company Adnoc has emerged as the frontrunner to buy Russia’s controlling stake in Serbia’s sole oil refinery, as Belgrade grows increasingly frustrated with Moscow’s foot-dragging under US sanctions. Adnoc, or…
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Ahmed Al Maghribi Perfumes: How a Saudi Fragrance House Is Reframing Arabian Luxury for a Global Audience
Ahmed Al Maghribi Perfumes represents a growing wave of Middle Eastern fragrance houses that are confidently stepping beyond regional borders while remaining deeply anchored in cultural tradition. Rooted in the Gulf’s centuries-old relationship with scent, the brand has positioned itself as a modern interpreter of Arabian perfumery rather than a nostalgic replica of it. In…
Interest rates expected to be held as Budget looms
Kevin PeacheyCost of living correspondent Getty Images Policymakers at the Bank of England are widely expected to hold interest rates at 4% following their final meeting before the chancellor’s Budget. Some Bank watchers have suggested that the latest inflation data could strengthen the case for a cut, but most commentators think such a move is…
