Wednesday 30 October 2024
 
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Global economic growth stagnates at 2.7%, says UNCTAD

UN Trade and Development (UNCTAD) projected global economic growth to stagnate at 2.7% in 2024 and 2025, marking a sustained drop from the 3% annual average seen between 2011 and 2019 and well below the 4.4% average in the years before the 2008 financial crisis.  

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Two major deals inked at Saudi Future Investment Initiative

The opening day of the 8th edition of the Future Investment Initiative (FII) held in Riyadh saw two major agreements being signed at the event.    The deals were sealed at an investment ceremony held today (October 29) under the umbrella of Invest Saudi led

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Aramco, Taulia, SIDF join forces for key supply chain financing solution

Aramco, a global leader in integrated energy and chemicals companies based in Saudi Arabia, and Taulia, a SAP company and leading FinTech provider of working capital management solutions - supported by the Saudi Industrial Development Fund (SIDF) as one of the key finance providers of the dom

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e& UAE and Microsoft unveil AI-powered solutions for SMBs

e& UAE and Microsoft have announced a major milestone in their partnership, unveiling innovative AI-powered solutions designed to help Small and Medium Businesses (SMBs) thrive in the digital age.    The comprehensive suite of tools, including Microsoft

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Bahrain’s Q3 national origin non-oil exports hit $2.52bn: iGA

Bahrain’s value of non-oil of exports (national origin) increased 1% to BD949 million ($2.52 billion) in the third quarter (Q3) 2024 in comparison with BD943 million for same quarter in 2023. The top 10 countries accounted for 67% of the total export value, according to Information &

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Mumtalakat, CYVN in deal to explore McLaren partnership

Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, today (October 29) announced that it has entered into a non-binding agreement with CYVN Holdings, an investment vehicle based in Abu Dhabi which invests in smart and advanced mobility solutio

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PwC partners with OpenAI to bring latest AI innovation to Middle East

PwC Middle East has announced a partnership agreement with OpenAI, becoming the partner and the first reseller of OpenAI in the region.    The partnership is the latest advancement of the firm’s investment in artificial intelligence that will enable P

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A1RWater announces big US expansion with key appointments

A1RWater, a pioneering UAE-based leader in atmospheric water generation (AWG) technology, is strengthening its global presence with the strategic appointment of industry veterans Pete Carr as CEO of A1RWater – Americas, and Ryan Bibbo as Chief Operating Officer (COO) Americas. 

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DAE makes portfolio aircraft acquisition worth $500m

Dubai Aerospace Enterprise (DAE) said it had recently signed an agreement to acquire 10 aircraft for an aggregate consideration of approximately $500 million.   The aircraft portfolio comprises 100% of narrow-body, next-generation aircraft on lease to 4 airlines

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Alarm bells ring as greenhouse gas concentrations hits new record in 2023

The greenhouse gas levels in 2023 had surged to a new record, committing the planet to rising temperatures for many years to come, said a report from the World Meteorological Organisation (WMO), setting off alarm bells among major stake holders.    The repo

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