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Investment Holding sells 49% of Syrian Shahba Bank
A United Nations water conference will be held in December to discuss ways to finance and develop technology to enhance water security. Meanwhile, the Black Sea is increasing the cost of wheat imports, and Cairo is directing its efforts toward Paris for more expensive deals. Germany is also moving to ease the burden of fuel costs by reducing taxes, while a French shipping group is raising fuel charges due to rising prices. On the economic front, U.S. industrial production declined in August, and European finance ministers are considering imposing taxes on energy companies' profits. Iran faces an economic blow after Turkey withdrew its Iranian bank license.
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