Indonesia enters business agreements with UAE worth $23b
The president of Indonesia, Joko Widodo, announced via Twitter that the country had successfully entered into business agreements with Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed for investments in the energy and property sectors in Indonesia's Aceh province. The agreement includes 11 different deals, worth a total of 314.9 trillion INR or 23 billion USD.
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Warren Buffett Changes Mind on Gold: He Will Panic-Buy Bitcoin at $50K, Says Max Keiser
Warren Buffett has changed his mind about gold as an investment, prompting some people to think that he might do the same with bitcoin. Buffett’s company Berkshire Hathaway revealed Friday that it had dumped bank stocks and took a position in a gold miner.
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New York City tops the list of most valuable real estate cities in the US
New York is the city with the top real estate value in the US, valued at $2.8 trillion, Lending Tree research shows. In New York City, typical homes are valued at $501,000, Coming in second is Los Angeles at $2.3 trillion, while homes are even pricier at $668,000. Meanwhile in third place is San Francisco, where homes are collectively worth $1.3 trillion and individually an eye-watering $959,000
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Berkshire Hathaway buys Dominion energy’s natural gas assets in $10 billion deal
Warren Buffett’s Berkshire Hathaway is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It’s the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March. At his annual shareholder meeting in May, Buffett revealed that Berkshire had built up a record $137 billion cash hoard
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British expats leaving UAE amid economic crisis
British expatriates in the UAE are trying to sell their properties as they try to gather some money before returning to the UK, according to a report by British daily The Telegraph. Thousands of expats have been made redundant due to the pandemic’s devastating impact on the UAE economy. UAE expected to lose up to 900,000 jobs, and British expats seem to be among the most affected group
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