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While the rest of Europe is witnessing the decline of small banks, with most countries dominated by a few large players, the western Ukranian region of Lviv would benefit from maintaining regional specialisation.
Despite rising inflation and climbing interest rates, investors haven't lost confidence in South Africa, according to a new report.
Unlike the islands being built off the coast in other parts of the United Arab Emirates, Sharjah is going in a new direction by building a series of canals inland from the ocean. Those canals will be filled with seawater to create the Nujoom Islands.
Less than a week after raising its repo rate, the Reserve Bank told South Africa the country could see another increase in interest rates before the end of the year.
Alarm bells rang last week when Turkey recalled its ambassador from Washington for consultation after a US congressional committee passed a resolution declaring the Ottoman Turks committed genocide against the Armenians in 1915.
Recently named the second-best reformer in East Asia by the World Bank, Indonesia is a burgeoning destination for foreign direct investment despite remaining obstacles.

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