Economy
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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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Drilling rig arrives in Lebanon’s Block 9 to begin oil and gas exploration
A drilling rig arrived in Lebanon’s Block 9 on Wednesday to begin oil and gas exploration, Minister of Public Works…
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Ola Electric Mobility unveils first e-motorbike, cheapest e-scooter in India
Ola Electric Mobility Pvt. is expanding its electric two-wheeler lineup – with its first motorbike and cheapest scooter yet –…
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Saudi-based Energy Capital Group announces first close of $150 mln fund
Saudi Arabia-based investment company Energy Capital Group (ECG) has announced the first close of its $150 million fund that targets…
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Russia’s central bank jacks up rates to 12 percent to support battered ruble
Russia’s central bank hiked its key interest rate by 350 basis points to 12 percent on Tuesday, an emergency move…
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