Economy
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Can BRICS create a new world order?
Yet, while the conflict in Ukraine and deepening geopolitical tensions between the United States and China serve as the backdrop…
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ACWA Power led group reach closure for $2.37 bln fund to build Saudi solar projects
A consortium of companies led by ACWA Power announced on Sunday the successful financial close of Al Shuaibah 1 and…
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Evergrande: China property giant files for US bankruptcy protection
Property giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens. It…
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Retail sales drop in July as rain dampens demand
Retail sales volumes fell by 1.2% in July after the wet weather hit summer clothing sales and the cost of…
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Adani Power shares rise after GQG purchases $1.1 bln stake in block deals
Adani Power Ltd. shares rose after GQG Partners bought 8.1 percent of the firm’s total outstanding stock for about $1.1…
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Saudi Aramco ranked world’s most profitable company over last 12 months
Saudi Aramco has once again been ranked as the most profitable company in the world despite a 38 percent year-on-year decline during…
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Kuwait: Sovereign wealth fund’s London unit appoints new CEO
Kuwait Investment Office (KIO), the London branch of Kuwait’s sovereign wealth fund, has hired Abdulmohsin Al Mukhaizeem, investment chief at Kuwait’s…
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COP28: World-leading economists set out next steps to reform intl climate finance
A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has delivered consensus on the…
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Emirates Development Bank launches supply chain financing for SMEs with Trade Capital
Emirates Development Bank, the key financial engine of UAE economic development and industrial advancement, has inked a Memorandum of Understanding…
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Singapore seizes $735m of assets in anti-money laundering probe
Singapore police have seized about S$1bn ($735m; £578m) – including luxury homes, cars and cash – in one of its…
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