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    Arada raises $50m via second tap of existing $450m sukuk

    Arada raises $50m via second tap of existing $450m sukuk

    13 Feb 2023

    Arada has successfully completed the second tap of its $450 million sukuk, which was issued in June 2022 and listed on the London Stock Exchange. The second tap raised $50...

    Multiply Group posted Dhs18.56b profit in 2022 despite headwinds

    Multiply Group posted Dhs18.56b profit in 2022 despite headwinds

    10 Feb 2023

    Multiply Group posted Dhs18.56b profit in 2022 Multiply Group, an Abu Dhabi-based investment holding company, reported Dhs18.56 billion in net profit for 2022, driven by the strong performance of the...

    UK economy shows zero growth in the final three months of 2022

    UK economy shows zero growth in the final three months of 2022

    10 Feb 2023

    Britain’s economy showed zero growth in the final three months of 2022 - enough for it to avoid entering a recession for now - but faces tough prospects in 2023...

    US adds a surprisingly strong 517,000 jobs despite Fed hikes

    US adds a surprisingly strong 517,000 jobs despite Fed hikes

    03 Feb 2023

    America’s employers added a sizzling 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher...

    Indian tycoon Adani hit by more losses; opposition MPs call for probe

    Indian tycoon Adani hit by more losses; opposition MPs call for probe

    03 Feb 2023

    Shares in troubled Adani Enterprises gyrated on Friday, tumbling 30% and then rebounding after more than a week of heavy losses that have cost it tens of billions of...

    Huge stimulus unlikely as China plans steps to support consumers

    Huge stimulus unlikely as China plans steps to support consumers

    03 Feb 2023

    China’s policymakers plan to show more support for domestic demand this year but are likely to stop short of splashing out big on direct consumer subsidies, keeping their focus mainly...

    Economic survey comprehensive analysis of India’s growth track

    Economic survey comprehensive analysis of India’s growth track

    31 Jan 2023

    Prime Minister Narendra Modi on Tuesday described the economic survey as a comprehensive analysis of India’s growth trajectory. “The economic survey presents a comprehensive analysis of India’s growth trajectory including...

    US consumer spending ended last year on weaker footing

    US consumer spending ended last year on weaker footing

    29 Jan 2023

    US consumer spending fell for a second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation continued to subside, which could give...

    US economy records strong growth in Q4, but with underlying weakness

    US economy records strong growth in Q4, but with underlying weakness

    27 Jan 2023

    The US economy grew faster than expected in the fourth quarter, but that likely exaggerates the nation’s health as a measure of domestic demand rose at its slowest pace in...

    Recession angst triggers worst day of year for European stocks

    Recession angst triggers worst day of year for European stocks

    19 Jan 2023

    Stocks and oil prices dipped on Thursday after weak US consumer data rekindled global recession worries, while Japan’s yen reared up again as traders took fresh punts that the Bank...

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