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The data shows a 26 per cent increase in trade between the UAE and GCC countries in 2021, with a value of Dh247.5 billion and weighing 68.7 million tonnes, compared to Dh196.5 billion in 2020 with a weight of 59.9 million tonnes
Business2 weeks ago
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The rupee fell to a new record low of 78.2825 per dollar while stocks slid as global risk-off sentiment spurred by expectations of aggressive Federal Reserve tightening weighed on emerging-market assets and stoked fears of more equity outflows
Markets2 weeks ago
Unless world leaders unite in a systemic net-zero transition, the global economy will face a 7.6 per cent cut to its gross domestic product (GDP) in the year 2070 alone, said the Deloitte Center for Sustainable Progress report
Business2 weeks ago
The upswing in both regional and international travel marked the resumption of a strong recovery despite the war in Ukraine and travel restrictions in China
Aviation2 weeks ago
The AMF in its monthly newsletter noted that the return of activity of initial public offerings (IPO) have boosted the performances of Arab financial markets in May 2022, increasing the value of overall trading to nearly $107.22 billion
Business2 weeks ago
Citing the fallout from the Russia-Ukraine conflict, analysts from two international banks — Citi and Barclays — have raised their oil price forecasts while the US Energy Information Administration’s (EIA) latest short-term energy outlook projects that the Brent spot price would average $107.37 per barrel this year and $97.24 per barrel in 2023
Business2 weeks ago
Businesses saw a further recovery in sales although cost pressures quickened across the non-oil economy, driven by ongoing volatility in global energy markets, says the latest PMI survey report from S&P Global.
Business2 weeks ago
Reserve Bank of India Governor Shaktikanta Das said the decision to raise the policy repo rate to 4.9 per cent from 4.4 per cent, was aimed at curbing price increases and mitigating the impact of geopolitical tensions, like the war in Ukraine
Business3 weeks ago
Investment in businesses received a fillip from the loose fiscal policies of 2021 across the region and globally that were implemented with an aim to boost investments, says Kamco Invest
Business3 weeks ago
Travel guide examines a range of variables such as overall safety and family-friendly accommodation
UAE Attractions3 weeks ago