Economy
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Global Investments in renewable energies must quadruple to meet climate target: IRENA
Global investments in energy transition technologies must more than quadruple annually to stay in line with commitments made under the…
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World Bank warns of ‘lost decade’ as growth slows following COVID-19, Ukraine
The global economy’s potential growth through the end of the decade has slowed to the weakest in 30 years, the…
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UAE central bank sees 4.3 percent economic growth in 2024: Report
The United Arab Emirates’ central bank expects the country’s gross domestic product (GDP) to increase by 4.3 percent in 2024,…
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Silicon Valley Bank: Collapsed US lender bought by rival
The assets and loans of collapsed US lender Silicon Valley Bank (SVB) are being bought by rival First Citizens BancShares.…
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Oman’s OQ seeks bookrunners for gas pipelines IPO, sources say
Oman’s OQ Gas Network, the pipelines business of the sultanate’s state oil giant OQ, has invited banks to pitch for…
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Zhejiang Petrochemical to sell 10 percent stake in Rongsheng Petrochemical to Aramco
Chinese private refiner Zhejiang Petrochemical has agreed to sell 1 billion shares in its trading arm, Rongsheng Petrochemical, to Saudi…
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Al Ansari owners raise $210 million in Dubai’s first IPO of 2023
The owners of remittance and money exchange firm Al Ansari Financial Services raised 773 million dirhams ($210 million) after pricing…
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Abu Dhabi’s Presight AI soars on market debut
Shares in Abu Dhabi big data analytics company Presight AI climbed as much as 176 percent on their stock market…
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Saudi National Bank appoints al-Ghamdi as chairman
Saudi National Bank Chief Executive Saeed Mohammed al-Ghamdi has been appointed as the bank’s chairman after the resignation of Abdul…
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Qatari Sheikh Jassim submits new bid for Man United: UK media
Qatari Sheikh Jassim bin Hamad Al Thani has submitted a new bid to buy Manchester United, according to UK media…
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