Economy
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Schneider Electric opens facility to manufacture ‘Made in Saudi Arabia’ products
Schneider Electric, a global leader in the digital transformation of energy management and automation, has opened a new production line…
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China says AIIB operates with ‘openness, meritocracy, and transparency’
Beijing said on Thursday the China-based Asian Infrastructure Investment Bank operated with “openness, meritocracy and transparency”, after a former executive…
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India considering legal changes to boost $731 bln insurance sector
India is considering rule changes to bolster insurance penetration in the country as more companies, including foreigners, line up to…
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Saudi firm RVCMC oversees largest auction of voluntary carbon credits yet
A Saudi company said it oversaw the sale of more than 2.2 million carbon offsets, in what it described as…
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US Fed leaves rates unchanged, sees two small hikes by end of 2023
The Federal Reserve left interest rates unchanged on Wednesday but signaled in new projections that borrowing costs may still need…
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Qatar’s sovereign wealth fund in talks with Egypt over hotels investment: Report
Qatar’s sovereign wealth fund is in talks with Egypt about potentially investing in seven historic hotels there, in what could…
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Abu Dhabi fund Mubadala forms $600 mln Japan residential property venture
Abu Dhabi state investor Mubadala has formed a joint venture with Proprium Capital Partners and Manulife Investment Management to build…
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Saudi firms bid for 2 million tons of carbon credits in Kenya auction
More than a dozen companies, mainly from Saudi Arabia, are bidding on 2 million tons of carbon credits as the…
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Emirates to offer premium economy on routes to Mumbai, Bengaluru in India
Emirates announced on Tuesday that its highly sought-after Premium Economy offering will be available to customers flying to and from…
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Oil holds advance as broad China stimulus plan aids sentiment
Oil held onto a sharp overnight gain that was driven by signs China is shifting into stimulus mode and a…
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