Finance
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India as the world’s fastest-growing robust economy might not last long
The GDP projections for the first quarter of the current fiscal year will be made public in a few days.…
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Dubai’s Damac to invest €1 Billion in Germany Tech
As part of the Dubai company’s development into technology, Emirati billionaire Hussain Sajwani’s Damac Group is looking at investment opportunities…
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World’s largest sovereign wealth fund loses record $174bn
Norway’s sovereign wealth fund, the world’s largest, lost 1.68 trillion Norwegian kroner ($174 billion) in the first half of 2022,…
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Saudi’s Public Investment Fund buys $7.5bn worth US stocks
According to a new filing, Saudi Arabia’s sovereign wealth fund has invested hundreds of millions of dollars in multiple US…
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Inflation bites as recession darkens the UK Economy
The British economy shrank in the second quarter of 2022 as the country’s cost-of-living issue took hold. Official numbers released…
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Dubai-based Payroll software secures funding from MBRIF
As part of its Guarantee Scheme, the Mohammed Bin Rashid Innovation Fund (MBRIF) has offered financing support to Bayzat, the…
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Dubai’s DIFC launches region’s first global centre for the ultra-wealthy family businesses
In an effort to increase its contribution to the emirate’s economy by 2030, the Dubai International Financial Centre is establishing…
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The US Fed vows ‘no surrender in inflation battle’
The Federal Reserve warned on Wednesday that it would not back down in its fight against the most severe outbreak…
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Alibaba applies for dual primary listing in Hong Kong
Alibaba intends to add a primary listing in Hong Kong to its New York presence, seeking mainland Chinese investors as…
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European Central Bank prepares to boost interest rates for the first time in 11 years
The European Central Bank (ECB) is expected to raise its base rate by 0.25 percentage points on Thursday. The bank…
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