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Big inflows in US money market funds due to debt ceiling caution

BENGALURU: US money market funds saw big inflows in the week to May 24 as investors favored safer bets ahead of a deadline for politicians to agree an increase in the country’s debt ceiling, according to Reuters. According to Refinitiv Lipper data, US money market funds received a net $39.9 billion of inflows, the biggest week of net buying in four weeks.

STC’s InspireU Accelerator Program Helps Entrepreneurs Secure $186M

RIYADH: As part of stc Group’s commitment to enabling innovation and advancing the Kingdom’s digital economy, entrepreneurs have obtained over SR700 million ($186.6 million) in investments via its InspireU accelerator. During the graduation of InspireU’s ninth batch, the group announced the accelerator’s expansion with a new program to support emerging technologies, according to the Saudi Press Agency. 

NNPC and Golar sign MoU for floating gas plant in Nigeria

Africa's biggest oil producer holds some of the world's biggest gas reserves and is seeking investment in the sector.

Sudan Conflict: Key Events in Ninth Day of Fighting

As several countries evacuate embassy staff amid continued heavy fighting, we take a look at today's main developments.

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