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Dubai announced a period of official mourning and flag restations for 10 days in honor of the late Sheikh Ahmed bin Rashid Al Maktoum. Additionally, gold prices both globally and locally declined, with the ounce and various karats reaching new levels in the Amman market. In Egypt, the government aims to build a strategic stockpile of approximately 16 million barrels of oil before the end of the year to strengthen national reserves.
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