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Business
PM Modi and Sheikh Mohammed unveil plans for Bharat Mart
Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai, alongside Prime Minister Narendra Modi of India, marked a significant milestone today by laying the foundation stone for Bharat Mart, a…
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Japan slips to fourth-largest economy as recession hits
Japan, a former economic powerhouse, has been displaced from its longstanding position as the world’s third-largest economy by Germany. This significant shift in global economic rankings comes as Japan unexpectedly slips into recession,…
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IMF predicts global interest rate drop by mid-2024
The ongoing World Governments Summit 2024 (WGS) witnessed a pivotal plenary session headlined by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), shedding light on the trajectory of global interest rates.…
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Restaurant Brands beats analyst forecasts on Tim Hortons sales
Burger King owner, Restaurant Brands International, has exceeded analysts’ projections for its fourth-quarter earnings and revenue, bolstered primarily by robust sales from Canadian coffee chain Tim Hortons. Tim Hortons, the renowned…
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World Bank president advocates for inclusive development path
During the opening day of the World Governments Summit (WGS) 2024, Ajay Banga, President of the World Bank Group, delivered a compelling session titled “Delivering Impactful Development Results – a Conversation with the World Bank…
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Cocoa prices surge as bad weather hits West Africa crop yield
Cocoa futures prices have surged more than $1,000 or nearly 40% since the start of the year to hit an all-time high of $5,874 per metric ton. This significant spike is attributed to adverse weather conditions plaguing cocoa-producing…
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Edge, Turkish Aerospace forge partnership at World Defence Show
At the prestigious World Defence Show in Riyadh, Saudi Arabia, today, EDGE, a global leader in advanced technology and defense, and Turkish Aerospace, a prominent Turkish aerospace and defense technology company, sealed a significant…
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Aldar’s AED22 billion contracts boost UAE companies
Aldar Properties (“Aldar”) has disclosed the allocation of 49 contracts, totaling AED22 billion, for a spectrum of projects encompassing infrastructure, residential, commercial, and mixed-use developments throughout Abu Dhabi in 2023. These…
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Adnoc Distribution hits $1b EBITDA milestone in 2023
ADNOC Distribution, a leading fuel distributor, has unveiled its financial results for 2023, achieving a significant milestone by surpassing $1 billion in earnings before interest, tax, depreciation, and amortization (EBITDA). The company…
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PM Modi reshapes India’s economic trajectory
Prime Minister Narendra Modi’s tenure witnessed a paradigm shift in India’s economic landscape, catapulting the nation to the ranks of the world’s fifth-largest economy. This monumental achievement underscores the stark departure from the…
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