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Business
U.S. new home sales drop, yet a resolute market trend prevails
In a setback to the vibrant housing sector, the U.S. saw a slight dip in new single-family home sales in June, after a triumphant surge over three consecutive months. The overarching…
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Masdar and Iberdrola partner to invest in German offshore wind farm
Masdar and Iberdrola have entered into a strategic agreement to co-invest in Baltic Eagle, a 476-megawatt (MW) offshore wind farm situated in the German Baltic Sea. Under the terms of…
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Mubadala Energy and Pertamina pave way for energy transition in Indonesia
Mubadala Energy, a global energy player, and Pertamina, Indonesia’s state-owned integrated energy firm, have joined forces. The collaboration focuses on energy transition initiatives,…
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Historic $50 billion accords solidify UAE-Turkey relations
The world watched as the United Arab Emirates (UAE) and Turkey took a significant stride in their relationship. The leaders of the two nations, President Sheikh Mohamed bin Zayed Al…
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India to surpass US as second largest world economy by 2075, predicts Goldman Sachs
In a groundbreaking report published on Monday, Goldman Sachs predicts that India is poised to surpass not only Japan and Germany but also the United States, becoming the world's…
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Meta’s Threads versus Twitter, a battle of visions and leadership
The advent of Meta's Threads app, while a significant milestone in the social media sphere, has raised significant concerns for Twitter, particularly amidst recent internal turbulence.…
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Egypt partners with global energy companies in $1.8 billion offshore exploration initiative
Tarek El Molla, the Minister of Petroleum and Mineral Resources of Egypt, unveiled his country's ambitious plan to invest $1.8 billion in offshore exploration for new gas wells in the…
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Resilient Dollar dents gold prices, sinks to a three-month low
In a further blow to the precious metals market, gold prices plummeted to their lowest levels since mid-March. A resurgent dollar has caused the gold market to stumble, pushing the…
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PM Modi’s vision fuels UAE-India CEPA success
The first anniversary of the Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and India marked a milestone of increased economic collaboration and…
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EU’s €1.1 billion bicycle exports highlight shift to sustainable living
The European Union (EU) saw an impressive surge in its bicycle trade sector in 2022, registering a notable growth rate of 22 percent over the previous year. The year-end export figures…
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