Economy
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Markets brace for Pakistan default risk as $7 billion debt looms
Bondholders are bracing for a potential default by Pakistan as the beleaguered nation struggles to meet billions of dollars in…
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UAE-based money exchange Al Ansari doubles dividend payout ahead of Dubai IPO
Al Ansari Financial Services plans to double its dividend for 2023 ahead of its upcoming initial public offering, according to…
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Top India court sets up six-member panel to probe Adani market manipulation charges
India’s top court set up a six-member panel to probe allegations against the Adani Group, after a bombshell report from…
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Adani Group stocks extend rebound amid series of block trades
Shares of Adani Group companies climbed on Thursday as block trades in some of the conglomerate’s stocks suggested institutional investors…
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CO2 emissions edge up to record high in 2022, even as clean tech offsets rise: IEA
Global energy-related emissions of carbon dioxide hit a record high last year, although more clean technology such as solar power…
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Dubai’s luxury property market is closing in on New York, LA
Dubai is the world’s busiest luxury property market behind New York, Los Angeles and London after a deluge of wealthy investors flocked…
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Saudi Aramco near deal to join Renault-Geely car venture
Saudi Aramco is nearing a deal to acquire a stake in Renault SA and Zhejiang Geely Holding Group Co.’s planned…
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TotalEnergies buys CEPSA’s upstream assets in Abu Dhabi
French oil company TotalEnergies said on Wednesday it had agreed to buy the upstream assets in the United Arab Emirates…
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Wizz Air Abu Dhabi adds new aircraft, routes to Central Asia, Europe, and Africa
Wizz Air Abu Dhabi is ramping up operations to meet the high demand and expanding its sustainable fleet. With nine…
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FlyDubai announces record profit as Gulf air travel booms
Budget carrier FlyDubai announced record profits on Wednesday, benefitting from a surge in air travel following the lifting of pandemic…
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