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    Businesses in Dubai non-oil private sector hit over three-year high

    Businesses in Dubai non-oil private sector hit over three-year high

    09 Jun 2023

    Businesses in Dubai’s non-oil private sector reported a further improvement in operating conditions in May, with growth softening from April but remaining robust. Firms showed stronger confidence in the year-ahead,...

    Abu Dhabi, Luxembourg to enhance ties and support sustainable finance

    Abu Dhabi, Luxembourg to enhance ties and support sustainable finance

    09 Jun 2023

    The Abu Dhabi Securities Exchange (ADX) and the Luxembourg Stock Exchange (LuxSE) announced the signing of a Memorandum of Understanding (MoU) between the two parties. The purpose of the MoU...

    DMCC signs deal with Chinese entity to boost trade relations

    DMCC signs deal with Chinese entity to boost trade relations

    08 Jun 2023

    Dubai Multi Commodities Centre (DMCC) signed an agreement with the Administrative Committee of Beijing Daxing International Airport Economic Zone (BDIAEZ) that will see the two entities work together to establish...

    Elite Cars launches Dhs8m Zenvo hypercar

    Elite Cars launches Dhs8m Zenvo hypercar

    08 Jun 2023

    Inayat-ur-Rahman, Business Editor The Elite Cars Group, one of the leading multi-brand luxury car dealerships in the UAE becomes the authorised distributor of the Danish carmaker Zenvo Automotive - manufacturing...

    India’s CB keeps rate unchanged, retains GDP growth forecast at 6.5%

    India’s CB keeps rate unchanged, retains GDP growth forecast at 6.5%

    08 Jun 2023

    The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), on the basis of an assessment of the current and evolving macroeconomic situation, on Thursday decided to keep...

    National Bonds and Emarat sign deal to enhance financial security

    National Bonds and Emarat sign deal to enhance financial security

    08 Jun 2023

    National Bonds has announced a new partnership with Emirates General Petroleum corporation (Emarat), aiming to enhance financial security for Emarat employees and their families in the United Arabic Emirates. In...

    Adnoc L&S awarded $975 million EPC contract for construction of offshore artificial island

    Adnoc L&S awarded $975 million EPC contract for construction of offshore artificial island

    08 Jun 2023

    Adnoc Logistics and Services plc, a global energy maritime logistics leader, announced today that it has been awarded a $975-million artificial island construction contract by Adnoc Offshore. As part of...

    OECD slightly raises world GDP growth forecast to 2.7 per cent

    OECD slightly raises world GDP growth forecast to 2.7 per cent

    07 Jun 2023

    The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a “long...

    MoIAT and EDGE launch Talk 4.0

    MoIAT and EDGE launch Talk 4.0

    06 Jun 2023

    The Ministry of Industry and Advanced Technology (MoIAT) and EDGE Group have jointly launched Talk 4.0, a new knowledge-exchange initiative to empower industrial leaders to adopt transformative technologies and sustainable...

    Australia CB warns of more hikes after raising rates to 11-year high

    Australia CB warns of more hikes after raising rates to 11-year high

    06 Jun 2023

    Australia’s central bank on Tuesday raised interest rates by a quarter-point to an 11-year high, and warned that further tightening may be required to ensure that inflation returns to target....

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