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Global economic growth stagnates at 2.7%, says UNCTADUN 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. More… |
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Two major deals inked at Saudi Future Investment InitiativeThe 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 More… |
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Aramco, Taulia, SIDF join forces for key supply chain financing solutionAramco, 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 More… |
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e& UAE and Microsoft unveil AI-powered solutions for SMBse& 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 More… |
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Bahrain’s Q3 national origin non-oil exports hit $2.52bn: iGABahrain’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 & More… |
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Mumtalakat, CYVN in deal to explore McLaren partnershipBahrain 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 More… |
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PwC partners with OpenAI to bring latest AI innovation to Middle EastPwC 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 More… |
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A1RWater announces big US expansion with key appointmentsA1RWater, 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. More… |
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DAE makes portfolio aircraft acquisition worth $500mDubai 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 More… |
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Alarm bells ring as greenhouse gas concentrations hits new record in 2023The 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 More… |
