Economy
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Saudi PIF-backed company to hold world’s largest voluntary carbon credit auction
The world’s largest sale of voluntary carbon credits, backed by Saudi Arabia’s Public Investment Fund (PIF), will be held in…
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UAE rolls out 9 pct business tax to boost non-oil revenue
The UAE began rolling out a 9 percent business tax on Thursday, with relief for small firms and likely exemptions…
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Abu Dhabi’s ADNOC Logistics & Services trades 44.8 percent over IPO price in debut
Shares in Abu Dhabi’s ADNOC Logistics & Services climbed 44.8 percent above their listing price on its market debut on…
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US holiday air passenger travel tops 2019 pre COVID-19 levels
US holiday air passenger travel topped 2019 pre-COVID levels over the Memorial Day weekend, which typically marks the start of…
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Creator of world’s largest floating waterpark in Jeddah plans Saudi expansion
The company behind the world’s largest floating waterpark – Pure Beach in Jeddah – plans to expand in the ‘El…
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QatarEnergy to sign long-term LNG supply deal with Bangladesh
QatarEnergy will sign a long-term liquefied natural gas (LNG) supply deal with Bangladesh’s state-owned gas company Petrobangla on Thursday, the second Asian…
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Toyota, Daimler Truck merge truck manufacturing subsidiaries to boost margins
Toyota Motor Corp. and Daimler Truck have agreed to merge their truck manufacturing subsidiaries, Hino Motors Ltd. and Mitsubishi Fuso…
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Saudi flour milling company’s IPO pulls in $18 bln of orders
Saudi Arabia’s First Milling Co. set the price for its initial public offering at the top of the marketed range…
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Cash-hungry Adani utility shows funding urgency to power India
As shares of Gautam Adani’s conglomerate recover from an epic rout, the big question looming over the Indian tycoon is…
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Turkey sovereign dollar bonds rise as markets await Erdogan’s economic team
Turkey sovereign bonds rose more than two cents on the dollar on Tuesday as markets waited for President Recep Tayyip…
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