Thursday, November 21, 2024
Today's News
Thursday, November 21, 2024
Today's News

News

UAE raises $300m from second auction of T-bonds

Region's second-largest economic climate continues to expand its funding base RIYADH: The UAE has increased 1.1 billion dirhams ($ 300 million) from the 2nd auction of standard dirham-denominated treasury bond issuance, as the second-largest economic climate between East area remains to diversify its financing base.…
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Conditions for migrant workers in Qatar have worsened since World Cup, union says

Global Union Federations demand that Qatar's federal government established a compensation fund for mistreated workers, establish a facility for migrant workers FIFA will certainly evaluate on Thursday whether sufficient has been done to tackle civils rights offenses and also migrant employee fatalities Migrant employees in…
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Empowering Saudi Arabia’s private sector is at the heart of everything PIF does

The private sector is the essential motorist of future success in nearly every economic situation-- and Saudi Arabia is no exception to this. Crown Prince Mohammed container Salman, that is also chairman of the Public Investment Fund, summed this up when he said: "The private…
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Oman signs $20bn hydrogen deals

Oman's Hydrom indications green hydrogen bargains worth $20bn as it seeks to accomplish sustainable power objectives Oman has signed $20bn of environment-friendly hydrogen offers as it looks towards attaining sustainable power objectives. Salim Al-Aufi, Chairman of Hydrogen Oman (Hydrom), a subsidiary of Energy Development Oman,…
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World Bank underlines sustainable development to accomplish better revenues

The World Bank Group's permanent representative in Kuwait, Ghasan Al-Khoujah has underlined the value of sustainable growth via the application of environmental, get-togethers, and governance concepts to achieve the most effective revenues for both Kuwait and the region. Al-Khoujah in a statement on the sidelines…
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Egypt’s economy expected to grow over 4%, unemployment rate drops to 7%

Egypt's economy is anticipated to expand 4.2 percent in the current finishing in June, the country's closet said on Tuesday, much less than formerly anticipated. The gdp grew by 3.9 percent in October to December in 2022, the 2nd quarter of the fiscal year, while…
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Egypt’s Flat6Labs launches $95m VC fund to support tech ecosystem in Africa

New fund intends to purchase greater than 160 onset tech startups over the next five years Cairo-based equity capital company Flat6Labs released a $95 million seed fund to enhance onset technology startups in Africa. Headquartered in Egypt, the Africa Seed Fund (ASF) will concentrate on…
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Investors in Bahrain expect economic stability during Q1

BCI has shown a total boost to accomplish 103.84 factors in Q1 of 2023 More than 94% of financiers in Bahrain expect the stability of service and financial setting during the first quarter of 2023, videotaping lower price by 1.66% compared to previous quarter, according…
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Saudi Aramco posts $161 billion profit

It was an oil firm yearly earnings call like any other, loaded with promises to minimize discharges, commitments to diversity, ESG as well as sustainable development. Other than this was no average oil company, because Saudi Aramco is no normal company-- oil or otherwise. The…
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UAE, Japan exploring fresh avenues of economic cooperation

The United Arab Emirates and also Japan the other day examined the leads of improving financial, profession as well as investment participation, and also discovered brand-new economic chances of usual rate of interest. This came at the Abu Dhabi Company Discussion Forum, which was organised…
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