China announced its largest ever reduction in the benchmark mortgage rate on Tuesday, in an effort to …
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UAE’s non-oil trade sees record-high AED 3.5 tn in 2023 – PM
by Aya Anwarby Aya AnwarThe United Arab Emirates non-oil trade saw a record high of 3.5 trillion dirhams ($952.93 billion) in …
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European banks struggle with $1.5 tn loans for property industry
by Nada Aliby Nada AliThe European banks have approximately 1.4 trillion euros ($1.50 trillion) in loans allocated to the beleaguered commercial …
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China, U.S. spearhead global efforts to replenish low oil stocks
by Nada Aliby Nada AliAnalysts and traders anticipate that a push to replenish depleted oil stocks in China, the United States, …
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S. Korea breaks passenger car export record in 2023
by Aya El Sayedby Aya El SayedSouth Korea’s passenger car exports has witnessed a record-breaking surge of over 30 per cent last year, …
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Iran ignores calls to end supporting Houthi Red Sea attacks
by Nada Aliby Nada AliIran rejected on Tuesday calls from the United States and the United Kingdom to halt its support …
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Toyota shares slide 4% after U.S. million-car recall
by Nada Aliby Nada AliJapanese automaker Toyota announced on Thursday that its shares fell by four percent after recalling about a …
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FeatureInternational NewsMENA NewsMoneyTech/AI
BlackRock invests up to $400 million in Dubai’s Positive Zero
by Aya El Sayedby Aya El SayedPositive Zero, a decarbonisation firm based in Dubai, declared on Monday that it is set to receive …
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U.S. official confirms Biden’s absence from COP28
by Aya El Sayedby Aya El SayedU.S. President Joe Biden will not attend the latest UN climate summit in Dubai, despite his previous …
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Biden thanks Sisi for his efforts to reach humanitarian pause in Gaza
by Nada Aliby Nada AliU.S President Joe Biden thanked on Wednesday President Abdel Fattah al-Sisi for his role in the joint …