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Indonesia’s economy to boost with possible investment from Dubai

SAPA Thale Group’s representative, Mai Vu Minh, said the deal is expected to help Vietnamese businesses lure more investment from Dubai and the Middle-east. Dubai enterprises are interested in finance-banking, hi-technology, infrastructure, environment-energy, transport, real estate-hotel and tourism in Vietnam, according to Minh.

There is a huge potential for investment and cooperation between Vietnamese and Dubai enterprises.Bilateral trade between Vietnam and Dubai is expected to reach 10 billion USD this year and 15 billion USD by 2025.

Turkey to launch offensive against Kurds in Syria ‘in coming months’

Turkey’s leader has said he would push ahead with an offensive against Kurdish forces in northeastern Syria “in the coming months,” following Donald Trump’s decision to withdraw American troops from the war-torn country.

In a televised speech on Friday, President Recep Tayyip Erdogan said Turkey’s army would be able to “neutralise terrorist organisations” including US-backed Kurdish militants that dominate the Syrian Democratic Forces, an alliance of fighters that has been Washington’s main local ally in the fight against Isis.

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Oil market is near the bottom of its worst price plunge since the 2008 financial crisis.

The influential oil cartel is meeting at its headquarters in Vienna, Austria with the aim of reaching an accord over production levels for the next six months. Saudi Arabia's Energy Minister Khalid al-Falih is pictured here surrounded by a crowd of reporters waiting for a verdict on the possible oil production cut.OPEC has reportedly agreed to cut oil production, but the cartel is not releasing details of the deal until it reaches an agreement with allied producers including Russia.

India’s Central Bank Governor Resigns

Urjit Patel has resigned from the Reserve Bank of India after tensions with India’s Prime Minister Narendra Modi’s government. These have been ongoing, including issues such as the central bank’s monetary policy, the measures it has taken to clean up a bad loan problem at India’s state banks and also the liquidity squeeze after trouble in the shadow banking sector.

Mr Patel’s resignation comes as a blow to investors, who are likely to be nervous as markets open on Tuesday, where Indian officials will also be counting results in state polls which are thought to forecast results for next year’s general election. So far, the government have provided no answer of who will be Mr Patel’s successor, however Rajeev Malik, a strategist at River Valley Asset Management, has said that “If it is perceived to be somebody who is pliable investors — and Indians in general — have a lot to worry about