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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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FDIs in UAE grew by 116 percent over the last decade
The UAE has witnessed significant growth in Foreign Direct Investment (FDI) in the recent years, despite the COVID-19 pandemic. The Ministry of Economy reported that during the past decade, FDIs increased by 116 percent, amounting to…
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Global media and entertainment industry to reach $2.4 trillion by 2023
A growing dependence on innovation and artificial intelligence (AI) is evident in the global media and entertainment services sector. PricewaterhouseCoopers (PwC) estimates the sector will reach US$2.4 trillion next year, with a compound…
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India to build 220 airports, heliports, and water aerodromes in five years
Under Prime Minister Narendra Modi, India has planned to build and operationalize 220 airports, heliports, and water aerodromes over the next five years. In a written reply to a question in the Rajya Sabha, Union Minister for Civil Aviation…
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Suez Canal revenue hits highest record at $704 million in July 2022
The revenue from the Suez Canal for Egypt in July amounted to $704 million, according to the chairman of the Suez Canal Authority, Osama Rabea, on Tuesday. According to Rabea, the Canal has reached its highest transit rate of 2,103 vessels…
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PM Modi launches first International Bullion Exchange in India
India's first International Bullion Exchange (IIBE) was launched by Prime Minister Narendra Modi at Gujarat International Finance Tech (GIFT) City in Gandhinagar, India. Additionally, he inaugurated the NSE IFSC-SGX Connect and laid the…
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Real estate market in Dubai records highest sales volume in nine years in June
According to Mo'asher, Dubai's official index of sales prices and rental performance, 8,897 sales transactions worth AED22.75 billion were recorded in June, the highest volume in nine years. Comparing June 2022 to May 2022, volume increased…
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OPEC Fund provides $30 million loan to Paraguayan farmers and businesses
Under its Food Security Action Plan, the OPEC Fund for International Development (OFID) has signed a $30 million loan agreement with Banco Sudameris S.A.E.C.A. in Paraguay. Farmers and agribusinesses will receive 40 percent of the loan in…
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Orange and MasMovil sign a $19 billion merger agreement in Spain
On Saturday, Orange and MasMovil said they had signed a binding agreement to merge their Spanish operations, valuing the combined company at close to $19 billion. In addition to creating a heavyweight for mobile and broadband, the merger…
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