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MENA Newswire boosts capabilities with major cloud tech
MENA Newswire, a leading content distribution network in the Middle East, Africa, and Asia, has leveraged edge computing technologies to enhance its service offerings. The company, known for its multilingual support in 20 languages,…
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UAE’s Masdar invests £11B in UK offshore wind farm
Abu Dhabi Future Energy Company PJSC – Masdar, a prominent clean energy entity based in the UAE, has finalized its purchase of a 49 percent stake in the 3-gigawatt (GW) Dogger Bank South (DBS) project, marking one of the largest planned…
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Borouge opens offices in Kenya, South Korea
Leading petrochemical company, Borouge, known for its innovative polyolefin solutions, has announced the opening of new offices in Kenya and South Korea. This strategic move aims to expand the company’s market presence in high-growth…
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Goldman Sachs, Mubadala unite for $1B Asia Pacific investment
In a strategic move aimed at bolstering their presence in the burgeoning Asia Pacific market, Goldman Sachs and Mubadala Investment Company have inked a landmark $1 billion partnership agreement. The deal, structured as a separately managed…
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Goldman Sachs, Mubadala unite for $1B Asia Pacific investment
In a strategic move aimed at bolstering their presence in the burgeoning Asia Pacific market, Goldman Sachs and Mubadala Investment Company have inked a landmark $1 billion partnership agreement. The deal, structured as a separately managed…
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Ebay’s Web3 division cuts 30% of workforce amid speculation
Ebay, a major player in e-commerce, has reportedly made substantial changes within its Web3 division, resulting in a significant downsizing. Approximately 30% of the division’s employees have been laid off, including a key figure, David…
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Egypt and UAE forge $150 billion investment partnership
In a groundbreaking move, Egypt and the United Arab Emirates (UAE) have inked a historic investment partnership agreement aimed at transforming the Ras al-Hikma peninsula, situated west of Alexandria, into a premier global destination. This…
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Digital customs transactions skyrocket by 72% in Abu Dhabi
The General Administration of Abu Dhabi Customs has reported a remarkable surge in digital customs transactions across the ports of the Emirate of Abu Dhabi in 2023. This surge amounted to an impressive 72% growth compared to figures from…
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European markets struggle; Barclays surges 7% on earnings
European stock markets experienced a lackluster performance on Tuesday, reflecting the ongoing struggle to uplift sentiment amidst global market uncertainties. The pan-European Stoxx 600 index remained relatively flat, edging down by 0.1%…
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Israeli economy reels as GDP shrinks by 20% amid Gaza war
Israel’s gross domestic product (GDP) took a significant hit, contracting by nearly 20% in the fourth quarter of 2023, according to official figures released recently. This downturn surpassed earlier predictions by analysts, who had…
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