Economy
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Dubai’s growing energy commodities hub is now enticing London traders
London’s commodities merchants are following some of their Swiss peers to Dubai, as the emirate moves from being an outpost…
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Grounded Indian airline Go Air can fly in a week if planes not seized: CEO
Go Airlines India Ltd., which went under citing Pratt & Whitney engine failures, is optimistic about resuming flights within seven…
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Saudi Arabia’s economy grew 3.9 pct in first quarter of 2023
Saudi Arabia’s economy grew by 3.9 percent year-on-year in the first quarter of 2023, according to initial government estimates of real gross…
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Turkey fines JPMorgan $1.7 million citing disruptive equity transactions
The Turkish securities regulator fined JPMorgan Securities PLC over alleged irregularities in stock market dealings. The regulator, known as SPK,…
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Abu Dhabi fund Mubadala sells 7.6 percent ADIB stake to National Holding
Mubadala Investment Company, Abu Dhabi’s second biggest sovereign wealth fund, has sold its 7.6 percent stake in Abu Dhabi Islamic…
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Saudi Arabia, Dubai job markets boom as more employment vacancies open
Job markets in the Middle East – particularly Saudi Arabia and Dubai– have witnessed positive growth in the first quarter of 2023,…
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China vows to build modern industries to win global race, amid tensions with US
China’s top leaders pledged on Friday to build a modern industrial system and achieve key tech breakthroughs, in an international…
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WHO downgrades COVID-19 pandemic, says it’s no longer emergency
The World Health Organization said Friday that COVID-19 no longer qualifies as a global emergency, marking a symbolic end to…
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IMF to discuss Pakistan’s budget plans as bailout funding lifeline nears
The International Monetary Fund (IMF) is preparing to discuss Pakistan’s budget plans for the coming financial year, as part of…
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Turkish cenbank sticks to inflation forecast of 22.3 percent for 2023
Turkey’s central bank is sticking to its inflation forecast of 22.3 percent for 2023, Governor Sahap Kavcioglu said on Thursday…
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