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Israel announces ‘historic’ gas contract with Egypt

Jerusalem, Undefined | AFP | Israel has struck an “historic” contract to supply natural gas to Egypt, Prime Minister Benjamin Netanyahu announced Monday, in a deal one firm said was worth $15 billion over 10 years. “This will bring billions of dollars to state coffers,” Netanyahu said in a statement …

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Trump backs improved background checks on gun buys

Washington, United States | AFP | US President Donald Trump signaled support Monday for improving background gun checks amid mounting pressure for reform in the wake of the Florida school shooting, as the accused gunman appeared in court. Nikolas Cruz, charged with killing 17 people, sat silently with his head …

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Arsenal announce record shirt deal with Emirates

London, United Kingdom | AFP | Arsenal announced the club’s biggest-ever sponsorship deal worth a reported £200 million on Monday, extending their shirt partnership with Dubai-based airline Emirates by five years. The Gunners confirmed the branding of Emirates, which began its sponsorship agreement with the north London club in 2006, …

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South Africa’s main airport OR Tambo evacuated in bomb scare

Johannesburg, South Africa | AFP |  Johannesburg’s O.R. Tambo airport, Africa’s largest, was evacuated on Monday and passengers forced to wait for two hours to return after South African officials identified a suspect bag. Images of the deserted terminal were posted to social media while other photographs showed crowds of …

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Sugar price to drop further

Manufacturers cite increased imports and declining demand from foreign markets Kampala, Uganda | JULIUS BUSINGE | There is good news for Uganda’s sugar consumers in the coming months owed to the projected sugar in production volumes amidst increase in imports. Statistics from the Uganda Sugar Manufacturers Association (USMA), which consist …

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Stanbic set to open a business incubator in Kampala

Kampala, Uganda | THE INDEPENDENT | Uganda’s largest commercial bank, Stanbic, is set to open a business incubator to stir growth of small and medium enterprises countrywide. “The incubator will provide an enabling environment for SMEs to enhance their capacity, enabling their businesses to survive, operate successfully and grow,” Stanbic Bank …

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