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    UAE’s teleco e& acquires 9.8% stake in Vodafone for $4.4 billion

    UAE’s teleco e& acquires 9.8% stake in Vodafone for $4.4 billion

    14 May 2022

    Emirates Telecommunications Group Company (now known as e&), has acquired a 9.8% stake in Vodafone for $4.4 billion, it said on Saturday. The move comes days after e& said it...

    India’s wheat exports ban could push global prices to new peaks

    India’s wheat exports ban could push global prices to new peaks

    14 May 2022

    India banned wheat exports on Saturday, just days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices soared to an...

    India’s CPI inflation at 8-year high

    India’s CPI inflation at 8-year high

    14 May 2022

    Sounding a red alert on India’s consumer price index (CPI) inflation at an 8-year high print of 7.79 per cent YoY in April, Acuite Ratings has said it may trigger...

    CEPA to increase UAE imports from India by $14.3 billion by 2030

    CEPA to increase UAE imports from India by $14.3 billion by 2030

    14 May 2022

    Mohamed Ali Al Shorafa, Chairman of Abu Dhabi Department of Economic Development (ADDED), has said that the UAE and India are exploring mutual business opportunities with an unwavering commitment to...

    US consumer sentiment slumps to lowest level in nearly 11 years

    US consumer sentiment slumps to lowest level in nearly 11 years

    14 May 2022

    US consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but household spending remains underpinned by a strong labour market...

    Pakistan’s remittances hit all-time monthly high

    Pakistan’s remittances hit all-time monthly high

    13 May 2022

    Remittances from Pakistani workers employed abroad exceeded a record $3 billion in April, the central bank said on Friday as the country’s foreign reserves dwindled to $16.37 million due to...

    Masdar, UAE’s NPCC to explore renewable energy opportunities

    Masdar, UAE’s NPCC to explore renewable energy opportunities

    13 May 2022

    Masdar on Friday announced that it has signed an agreement with the UAE-based National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), to explore collaboration in...

    Dewa announces revenue of Dhs5.068 billion for 1st quarter

    Dewa announces revenue of Dhs5.068 billion for 1st quarter

    13 May 2022

    Dubai Electricity and Water Authority (Dewa) on Friday reported its first-quarter 2022 financial results, recording revenues of Dhs5.068 billion and net profit of Dhs691 million. Dewa’s first-quarter revenue increased by...

    SeaBubbles showcases flying capsule

    SeaBubbles showcases flying capsule

    13 May 2022

    SeaBubbles’ capsule of innovation met its spatial counterparts at the 2nd edition of the Future Innovation Summit - the first event on Space, Sustainability and the Metaverse in the UAE....

    Land deals hit Dhs6.6b as UAE developer announces sales’ day

    Land deals hit Dhs6.6b as UAE developer announces sales’ day

    12 May 2022

    Staff Reporter, Gulf Today The real estate and properties transactions in Dubai valued at Dhs6.6 billion in total during the last week. The sum of transactions was 2,259. 197...

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