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Business
Mubadala acquires US-based Dental Care Alliance
Mubadala Investment Company (Mubadala) announced its investment in Dental Care Alliance (DCA), the leading US-based dental services organization with approximately 390 affiliated…
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Property deals worth $2.2 billion in Dubai this week
Property transactions in Dubai exceeded $2.2 billion (AED8.1 billion) this week, according to Land Department data. A total of 2,574 real estate transactions were recorded during the…
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DP World and Maersk ink a long-term partnership at Jebel Ali
DP World has partnered with A.P. Moller-Maersk (Maersk) to improve operational efficiencies, enhance customer service and reduce carbon emissions. Maersk will benefit from the long-term…
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Large round of layoffs is underway at Goldman Sachs
This week, Goldman Sachs will embark on one of its largest rounds of layoffs since the financial crisis. As part of a restructuring plan, the bank started layoffs on Tuesday that will…
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Masdar signs 1GW clean energy deal in Kyrgyzstan
Masdar has signed an agreement with the Kyrgyz Ministry of Energy to develop a pipeline of renewable energy projects in the country. The projects, with a total capacity of up to 1…
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$1 billion to be invested in GCC real estate by Investcorp in five years
Bahrain-based Investcorp, which counts Mubadala Investment Company as its biggest shareholder, announced today that it will invest $1 billion in the GCC real estate market. It follows…
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$3.3 billion in engineering exports from Egypt in 11 months of 2022
The Engineering Export Council (EEC) of Egypt announced that the sector's exports were up by 10% to $3.32 billion from January through November of 2022, compared with $3 billion in the…
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Exports of Indian gems and jewellery increased by 8.26 percent
The UAE-India Comprehensive Economic Partnership Agreement (CEPA) contributed to an increase in Indian gem and jewellery exports of 8.26 percent in the current financial year, according…
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Gold holds steady as investors focus on U.S. jobs data
As the dollar strengthened ahead of a closely watched U.S. jobs report that could provide more insight into the Federal Reserve's interest rate-hike plans, gold prices advanced on…
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ADNOC pledges $15 billion for clean energy, new energies and decarbonization
ADNOC, a reliable and responsible provider of energy with low carbon intensity, announced today a bold new strategy to decarbonize its operations globally. In November 2022, ADNOC's…
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