Economy
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QatarEnergy to join Lebanon oil and gas exploration consortium: Statement
QatarEnergy will join TotalEnergies and Eni in a three-way consortium to explore oil and gas in two maritime blocks off the coast…
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Venture debt funding in MENA crosses $260 mln across 18 deals in 2022
SHUAA Capital, the region’s leading asset management and investment banking platform, and MAGNiTT, the largest verified data platform tracking venture…
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Kuwait Airways annual revenue up 115 pct from 2021, plans flights to new Saudi cities
Kuwait Airways’ revenue last year rose by 115 percent from 2021 and was up 10 percent from pre-pandemic 2019, Chairman…
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Abu Dhabi’s ADX expects increased listings in 2023
The Abu Dhabi stock exchange expects an increase in listings this year, even as global economies grapple with high inflation…
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Two of UAE’s biggest banks beat estimates as economy boosts earnings
The two biggest banks in the United Arab Emirates posted a jump in annual profit, topping estimates, after the country’s…
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India’s Adani Group says it’s exploring legal action against Hindenburg’s accusation
India’s Adani Group said it is exploring legal action against US investor Hindenburg Research after its report accused firms owned…
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South Korean economy shrinks for first time since early 2020: Central bank
South Korea’s economy shrank in October-December for the first time since the second quarter of 2020, as exports tumbled while…
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Abu Dhabi’s largest bank FAB hires ABN Amro’s Lars Kramer as CFO
First Abu Dhabi Bank PJSC hired Lars Kramer from ABN Amro Bank NV as its chief financial officer, replacing James Burdett who…
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Tesla shares rise by double-digits after Musk teases high production
Tesla Inc. shares rose by double-digits after Elon Musk teased potential for the carmaker to produce 2 million vehicles this…
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UAE conglomerate IHC considering bid for stake in Adani Enterprise
UAE conglomerate International Holding Company is considering bidding for Indian billionaire Gautam Adani-led Adani Enterprises’ $2.45 billion (200 billion rupee)…
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