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    Oil up nearly 2% ahead of Opec output talks, global stocks gain

    04 Dec 2019

    Oil gained on Wednesday ahead of an expected extension to production curbs by Opec and its allies, with further support from industry data showing a larger

    Alibaba Group set to price shares

    20 Nov 2019

    Chinese e-commerce giant Alibaba Group will raise up to $12.9 billion from its landmark Hong Kong listing and is set to price its shares at a 2.8% discount to their New York close,

    GGC retail’s market projected to reach $50 billion by 2025

    14 Jul 2021

    According to Dubai Chamber’s latest forecast E-commerce sales in Dubai are forecasted to jump 23 per cent to reach $27 billion in 2022, driven by the COVID-led digital shift and changing consumer demands, which are levelling the playing field.

    US-China trade deal will help oil market: Opec

    13 Nov 2019

    Opec’s Secretary General said on Wednesday a trade deal between the United States and China would boost the global economy and would help lift a “dark cloud” over the oil market.

    UK borrowing costs jump again as BoE sticks by bond plan deadline

    12 Oct 2022

    British government borrowing costs jumped again on Wednesday after Bank of England (BoE) Governor Andrew Bailey told pension funds they had three days to fix liquidity problems before the bank ends emergency bond-buying that has provided support. The 20-year gilt yield hit its highest in 14 years at 5.141 per cent, and 30-year yields

    IMF warns of higher recession risk and darker global outlook

    06 Oct 2022

    The International Monetary Fund is once again lowering its projections for global economic growth in 2023, projecting world economic growth lower by $4 trillion through 2026.

    Neutral Switzerland’s economy shaken by sanctions on Russia

    06 Mar 2022

    Switzerland’s newly adopted tough stance on Russia has forced the Swiss economy to readjust to sanctions, blowing a wind of panic through the raw materials market in particular. Switzerland announced Monday it would follow the sanctions being

    World shares up, dollar weakens, Bitcoin off record highs

    01 Dec 2020

    World shares rose to just below record peaks on Tuesday after factory surveys boosted expectations of a recovery from the COVID-19 downturn, with drugmakers seeking fast approval for vaccines and authorities looking

    Dubai economy forecast to grow by 4 per cent in 2021

    24 Dec 2020

    Under the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Dubai was a pioneer in launching initiatives to overcome challenges faced by individuals and businesses, which had a significant positive impact on minimising the economic impact of the pandemic."

    European Union and China clear major investment deal

    30 Dec 2020

    The European Union and China on Wednesday approved “in principle” a major investment pact that Brussels hopes will open up lucrative opportunities, despite concerns about Beijing’s rights record.

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