Economy
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LVMH: Luxury giant’s sales soar despite China losses
The world’s biggest luxury group has reported strong sales driven by the holiday shopping season. LVMH said they experienced a…
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Biden wins deal with Netherlands, Japan on China chip export limit
US President Joe Biden’s administration secured an agreement with the Netherlands and Japan to restrict exports of some advanced chipmaking machinery…
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UK’s Hunt pledges to boost growth but won’t budge on tax hikes
British finance minister Jeremy Hunt will promise on Friday to tackle the country’s weak productivity with post-Brexit finance reforms to boost…
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Adani Group says Hindenburg report is ‘bogus,’ Bill Ackman calls it ‘highly credible’
Companies linked to Indian billionaire Gautam Adani plan a detailed response Friday to a short seller’s report that they labeled…
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Pakistani rupee plunges to all-time low against US dollar
The Pakistani rupee dived to an historic low against the US dollar on Thursday after an exchange cap was lifted…
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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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