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    OECD raises global growth forecast but recovery fragile

    OECD raises global growth forecast but recovery fragile

    17 Mar 2023

    The Organisation for Economic Co-operation and Development (OECD)  raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid restrictions, but warned of vulnerabilities as...

    ADX executes deals worth Dhs15.6b

    ADX executes deals worth Dhs15.6b

    17 Mar 2023

    The Abu Dhabi Securities Exchange (ADX) has reported the execution of 10 significant deals with a total value of over Dhs15.6 billion since the beginning of 2023. According to ADX...

    Direct Tax collections in India for FY 2022-23 at Rs16.68 lakh crore

    Direct Tax collections in India for FY 2022-23 at Rs16.68 lakh crore

    11 Mar 2023

    Government data has revealed that Direct Tax collections up to March 10, 2023, stood at Rs16.68 lakh crore which is 22.58 per cent higher than the gross collections for the...

    SoftBank’s Arm aims to raise at least $8b in US IPO

    SoftBank’s Arm aims to raise at least $8b in US IPO

    06 Mar 2023

    Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp, is likely to aim to raise at least $8 billion from what is expected to be a blockbuster...

    China sets an economic growth target of around 5% this year

    China sets an economic growth target of around 5% this year

    05 Mar 2023

    China set a modest target for economic growth this year of around 5 per cent on Sunday as it kicked off the annual session of its National People’s Congress (NPC),...

    Buffett in annual letter stays upbeat and preaches patience

    Buffett in annual letter stays upbeat and preaches patience

    26 Feb 2023

    Billionaire investor Warren Buffett on Sunday signalled he has lost none of his enduring confidence in the U.S. economy and his company Berkshire Hathaway Inc . In his annual letter...

    India’s forex reserves slide to $561 billion

    India’s forex reserves slide to $561 billion

    25 Feb 2023

    India’s forex reserves fell by $5.681 billion to $561.267 billion for the week ended February 17, according to RBI data. This is the third week in a row when forex...

    More Fed policymakers point to higher rates in inflation fight

    More Fed policymakers point to higher rates in inflation fight

    18 Feb 2023

    Two Federal Reserve officials on Friday added to a chorus of US central bankers this week in signaling that interest rates will need to go higher in order to successfully...

    Saudi Stock Exchange fetes EFG-Hermes

    Saudi Stock Exchange fetes EFG-Hermes

    17 Feb 2023

    Inayat-ur-Rahman, Business Editor EFG-Hermes Holding has announced that the Saudi Stock Exchange “Tadawul” has presented it with an award at the Saudi Capital Market Awards 2022 titled ‘ Best...

    Earnings of 123 listed Emirati companies total Dhs191 billion

    Earnings of 123 listed Emirati companies total Dhs191 billion

    16 Feb 2023

    The net earnings of 123 listed Emirati companies reached Dhs191 billion in 2022, indicating their robust financial position and healthy revenue growth. According to a report by the Emirates News...

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