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British economy shrank record 11 percent in 2020, its lowest since 1709
Updated official figures published on Monday showed that Britain recorded its biggest drop in output in more than 300 years as it faced the brunt of the COVID-19 pandemic in 2020, Reuters reported. According to the Office for National…
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169 percent increase in UAE investments in Egypt in six months
According to the Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS), Emirati investments increased by 169.1 percent during the first half of the fiscal year 2021-2022 to US$1.9 billion (AED6.98 billion), compared with…
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Preliminary agreement between Sri Lanka and the IMF is expected
In a statement, the head of Sri Lanka's central bank said that he hopes that the government can reach a preliminary agreement with the International Monetary Fund (IMF) that might lead to a bailout package during this month's visit by IMF…
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In 2022, Arab countries will grow at 5.4 percent – Arab Monetary Fund
As a result of rising oil prices, the increase in production in Arab oil-exporting countries, and continuing reforms that promote growth, the Arab countries are expected to grow at 5.4 percent in 2022, according to the Seventeenth Edition…
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Saudi wealth fund PIF purchases Alphabet, Zoom, and Microsoft shares
A broad selection of US stocks was purchased by Saudi Arabia's Public Investment Fund (PIF), bringing its investment portfolio's value to about $40.8 billion at the end of the second quarter. According to a US Securities and Exchange…
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Indian commerce ministry develops an outreach strategy to boost agro exports
In order to achieve the current financial year's agro export target of over $23 billion, the Indian Commerce and Industry Ministry has developed an outreach strategy for agro exports. Three hundred events will be organized under the plan to…
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Nigeria asset sale hits regulatory snag for Exxon Mobil
In response to Nigerian President Muhammadu Buhari's approval of the $1.28 billion sale of shares in Exxon Mobil's Nigerian unit to Seplat, Nigeria's petroleum regulator said it stood by its refusal to approve the deal. Under a newly…
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Canada Cartage to be acquired by Mubadala Capital
A definitive agreement has been reached between Mubadala Capital, an asset management subsidiary of Mubadala Investment Company, and Canada Cartage, a leading logistics company. To some of Canada's largest blue-chip companies in grocery,…
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Collaborations with UAE help boost Indian farm exports by 31 percent
An international buyer-seller meet in Ladakh attended by buyers from Dubai and Oman and buyer-seller meetings in the UAE on agricultural and food products with registered geographical indications (GIs) tags, as well as a mango festival in…
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World food prices drop for July, but supply worries persist – FAO
In the wake of the developments in Ukraine, food prices fell for the fourth consecutive month in July, according to the Food and Agricultural Organization (FAO). As expected, the UN agency has published its latest Food Price Index, a…
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