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Energy

Petrostates glimpse their peak-oil future

GENEVA: From Baghdad and Algiers to Caracas, many of the world’s oil capitals are experiencing a summer of discontent. It could be a glimpse of their future.

Investment

Saudi Arabia’s US$20bil megaproject won’t slow

RIYADH: Saudi Arabia is pushing ahead with a US$20bil tourism and culture project in its capital despite the kingdom’s fiscal crisis, counting on a rebound in pent-up consumer spending when the global pandemic abates.