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European Investment Bank supports circular economy with €3.4 billion lending
Global investment in clean energy is projected to reach an impressive $1.7 trillion in 2023, marking a significant milestone as solar energy surpasses oil production for the first time.…
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Successful UAE-India partnership stands as a model of bilateral cooperation
New Delhi was a hub of activity on the 24th and 25th of May 2023 as it hosted the annual Confederation of Indian Industry (CII) conference. Prominent figures such as Sanjeev Bajaj,…
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World Bank predicts 4.8 percent expansion in UAE’s non-oil sector in 2023
The World Bank has released its projection stating that the United Arab Emirates (UAE) is expected to experience a robust growth of 4.8% in its non-oil sector in 2023, contributing to…
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PM Modi’s progressive policies bolster India-US tech collaboration
In a move that underlines the strengthening of India-US relations, New Delhi and Washington are set to host the inaugural meeting of the Strategic Trade Dialogue on June 4-5. This…
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Vietnam shoemaker PouYuen to lay off 6,000 workers amid plummeting demand
One of Vietnam's leading shoe manufacturers, catering to brands like Nike Inc and Adidas AG, announced plans to lay off thousands of employees due to a significant drop in orders.…
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US default threatens global crisis as $31.46 trillion debt deadline looms
The United States is facing a potential global economic crisis as it approaches a catastrophic default on its $31.46 trillion debt, according to US Treasury Secretary Janet Yellen.…
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Chinese Yuan hits record lows against surging US dollar
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China's domestic currency hitting its…
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Abu Dhabi outperforms other economies in MENA region with 9.3% GDP growth in 2022
The Statistics Centre - Abu Dhabi (SCAD) has released the Gross Domestic Product (GDP) estimates report for 2022, revealing that Abu Dhabi's economy grew by 9.3% by the end of the year,…
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Abu Dhabi hosts premier investment platform for global investors
The 12th edition of the Annual Investment Meeting (AIM Global 2023) is set to take place in Abu Dhabi from May 8 to 10. Participants from 170 countries are expected to attend the…
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Apple shares climb as iPhone sales rebound, surpassing estimates
Apple Inc.'s shares experienced an uptick in early trading after the tech giant reported a rebound in iPhone sales during the last quarter. The world's most valuable company managed to…
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