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UAE-Brazil trade hits Dhs111b in last decade

15 Apr 2023

The volume of non-oil trade exchange between the UAE and Brazil during 2022 grew by 32.1 per cent to $4.038 billion (equivalent to Dhs14.8 billion), compared to $3.056 billion (Dhs11.2...

India’s data centre industry sees a total investment of $4.8 billion

15 Apr 2023

V Nagarajan The Indian data centre industry is expected to add 681 MW capacity by end of 2024, according to a survey by property consultant JLL. This will lead...

Stocks on Wall Street slid amid expectations for rate hike

10 Apr 2023

Wall Street is slipping Monday in the first trading for stocks after a report raised speculation the Federal Reserve may tap the brakes a little harder on the economy. The...

DIEZ records 42% increase in operating profit in 2022

10 Apr 2023

DUBAI: The Dubai Integrated Economic Zones Authority (DIEZ) recorded a 42 per cent increase in its operating profit in 2022, while total revenue increased by 29 per cent, compared to...

UAE’s merchandise trade crosses $1.024tr

08 Apr 2023

The World Trade Organisation (WTO) said that UAE’s trade in goods with the rest of the world hit $1.024 trillion in 2022 as the share of both exports and imports...

WB could lend $50b more over decade with reform, says Yellen

08 Apr 2023

The World Bank’s ongoing reform could result in a $50 billion lending boost over the next decade, US Treasury Secretary Janet Yellen told AFP ahead of stakeholders’ meetings next week...

IMF sees global growth below 3% in 2023

06 Apr 2023

The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to remain around 3% for the next five years, IMF Managing Director Kristalina Georgieva said...

Wrong-doers aren’t born

06 Apr 2023

It was the Kolkata of the eighties. We went to watch an Amitabh Bachchan film on a crowded Sunday and ended up buying tickets at a premium. The well-behaved seller...

Global stock markets rise, but risks of inflation flare-up pick up

04 Apr 2023

Global stocks rose on Tuesday, while investors grappled with the possibility of a flare-up in inflation due to the Opec+ group’s surprise output target cut, while the dollar dipped after...

AD Ports secures $2b corporate facility with syndicate of 13 banks

04 Apr 2023

AD Ports Group on Tuesday announced the signing of a General Corporate Facility agreement with a syndicate of 13 regional and international banks. The multi-currency facility, equivalent to around $2...

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