Economy
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UAE bank ADCB reports record profit in first quarter, up 27 pct to $511 mln
Abu Dhabi Commercial Bank, the UAE’s third-biggest lender, reported a 27 percent rise in first-quarter net profit, boosted by higher…
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India will push back on West monopoly over ESG aims, asserts Modi economic adviser
India needs to resist efforts by some western ratings companies to push ESG norms on emerging markets even as Prime…
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Abu Dhabi’s TAQA to sell dual-tranche bonds Monday: Document
Abu Dhabi National Energy Company, known as TAQA, plans to price a two-tranche bond on Monday, a bank document showed,…
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Abu Dhabi’s G42, fund Mubadala combine healthcare assets
Emirati intelligence firm G42 and Abu Dhabi state fund Mubadala Investment Company have combined their healthcare assets into a new…
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Taiwan to buy 400 US anti-ship missiles intended to repel a China invasion
Taiwan will buy as many as 400 land-launched Harpoon missiles intended to repel a potential Chinese invasion, completing a deal…
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Yellen says sanctions may risk hegemony of US dollar
Economic sanctions imposed on Russia and other countries by the US put the dollar’s dominance at risk as targeted nations…
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IMF awaits more reforms in Egypt before its first program review
The International Monetary Fund is waiting to see Egypt enact more of the wide-ranging reforms it pledged before carrying out…
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Saudi Tadawul profit down 35 percent as trading values slide and costs rise
Stock exchange owner and operator Saudi Tadawul Group on Sunday reported a 35 percent decline in first-quarter profit after trading…
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European shares rise as US inflation data signals end of rate-hike cycle
European shares rose on Friday and were set for a fourth straight weekly gain, buoyed by hopes that the US…
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IMF says China, India to drive about half of 2023 global growth
China and India will together account for about half of global growth this year, underscoring Asia’s increasing heft in the…
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