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    Britain’s economy shrinks at start of feared long recession

    Britain’s economy shrinks at start of feared long recession

    11 Nov 2022

    Britain’s economy shrank in the three months to September at the start of what is likely to be a lengthy recession, underscoring the challenge for finance minister Jeremy Hunt as...

    DP World invests $500 million to cut 700,000 tonnes of CO2 emissions

    DP World invests $500 million to cut 700,000 tonnes of CO2 emissions

    07 Nov 2022

    Gulf Today Report Sultan Ahmed Bin Sulayem, DP World Chairman and Group CEO, announced the company intends to invest up to $500 million to cut CO2 emissions from its...

    GAL signs deal with Indonesian entity

    GAL signs deal with Indonesian entity

    06 Nov 2022

    GAL, a UAE company engaged in aircraft Maintenance, Repair and Overhaul (MRO), has signed a Memorandum of Understanding (MoU) with PT Garuda Maintenance Facility AeroAsia Tbk (GMF) aimed at exploring...

    Egypt and IMF reach staff-level agreement on EFF arrangement

    Egypt and IMF reach staff-level agreement on EFF arrangement

    27 Oct 2022

    Ivanna Vladkova Hollar, International Monetary Fund’s (IMF) Mission Chief for Egypt, has announced that the Egyptian authorities and the IMF team have reached a staff-level agreement on the economic policies...

    Forex Expo attracts huge response

    Forex Expo attracts huge response

    20 Oct 2022

    Sajjad Ahmad, Deputy Business Editor The world’s largest Forex trading event Forex Expo Dubai opened on Wednesday in Dubai World Trade Centre with the participation of over 120 global...

    Arada launches Central Business District

    Arada launches Central Business District

    26 Sep 2022

    Arada has announced the launch of Arada Central Business District (CBD), a new commercial centre for Sharjah, which will be located at the heart of Aljada community. Spread over...

    Germany seizes Russian energy firm’s subsidiaries

    Germany seizes Russian energy firm’s subsidiaries

    17 Sep 2022

    Berlin on Friday took control of the German operations of Russian oil firm Rosneft to secure energy supplies which have been disrupted after Moscow invaded Ukraine. Rosneft’s German subsidiaries,...

    Dubai FDI wins UN recognition for best practices

    Dubai FDI wins UN recognition for best practices

    11 Sep 2022

    The Dubai Investment Development Agency (Dubai FDI) at the Department of Economy and Tourism (DET) gained international recognition for its successful efforts in capturing FDI trends and patterns toward positioning...

    Taqa Group’s net income up 50% to Dhs4.3 billion for H1

    Taqa Group’s net income up 50% to Dhs4.3 billion for H1

    10 Aug 2022

    Abu Dhabi National Energy Company (Taqa) has reported consolidated financial results for the period ended 30th June, 2022. The company reported a net income (Taqa-share) of Dhs4.3 billion, 50% higher...

    Deyaar first-half profit increases 196% to reach Dhs66.9 million

    Deyaar first-half profit increases 196% to reach Dhs66.9 million

    28 Jul 2022

    Deyaar Development, one of Dubai’s leading property developers and real estate service providers, announced its unaudited financial results for the first half of 2022. The company achieved a...

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