Economy
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UBS agrees to buy Credit Suisse for more than $2 bln: Report
UBS has agreed to buy Swiss banking giant Credit Suisse after increasing its offer to more than $2 billion, the Financial Times…
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Saudi Arabia 2nd among G20, 4th globally in digital systems preparedness: ITU report
Saudi Arabia has been ranked second among the G20 members and fourth globally in the preparedness of digital systems, reports…
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Warren Buffett holds discussions with Biden officials on banking crisis: Source
Berkshire Hathaway Inc’s Warren Buffett has held discussions with senior Biden administration officials about the banking crisis, a source familiar…
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New travel company launched offering luxury stays in Saudi Arabia
A new company offering luxury travel to some of Saudi Arabia’s most attractive destinations was officially launched on Wednesday. ROAM…
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UAE, India central banks sign collaboration agreement on fintech, digital currencies
The Central Bank of the UAE signed on Wednesday an MoU with the Reserve Bank of India to further innovation in financial products and…
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Dubai’s first IPO of the year sells out in under an hour
The Dubai initial public offering of remittances and money exchange firm Al Ansari Financial Services received orders for all shares…
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UAE’s Emirates Airline fined for ‘misleading’ Business Class advertising
The UAE’s Emirates Airline has been fined by a New Zealand court for “misleading” advertising of its business class flight.…
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Credit Suisse gets $54 bln lifeline as authorities rush to avert global bank crisis
Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up…
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Riyadh Air plans new orders ahead of 2025 take-off: CEO
Saudi Arabia’s new national airline plans more aircraft orders as it prepares to operate its first flights in early 2025,…
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Explainer: How did Credit Suisse get to crisis point?
Credit Suisse said on Thursday it would borrow up to $54 billion from the Swiss central bank to shore up liquidity after…
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