Business
Google is planning to lay off 12,000 employees
In an email sent to Google’s staff on Friday, Sundar Pichai announced the company would lay off 12,000 employees. The move follows the layof...
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Business
India signs a train deal worth 3 billion euros with Siemens
In the largest locomotive deal in Siemens‘ history, the German engineering company reported on Monday that it had signed a contract with the...
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Business
Indian exports surged to $569 billion from April to December 2022
From April to December 2022, India’s overall exports combining merchandise and services are expected to grow by 16.11 percent compared to th...
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Business
Property deals worth $2.2 billion in Dubai this week
Property transactions in Dubai exceeded $2.2 billion (AED8.1 billion) this week, according to Land Department data. A total of 2,574 real es...
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Business
Large round of layoffs is underway at Goldman Sachs
This week, Goldman Sachs will embark on one of its largest rounds of layoffs since the financial crisis. As part of a restructuring plan, th...
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Business
$1 billion to be invested in GCC real estate by Investcorp in five years
Bahrain-based Investcorp, which counts Mubadala Investment Company as its biggest shareholder, announced today that it will invest $1 billio...
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Business
Exports of Indian gems and jewellery increased by 8.26 percent
The UAE-India Comprehensive Economic Partnership Agreement (CEPA) contributed to an increase in Indian gem and jewellery exports of 8.26 per...
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Business
$3.3 billion in engineering exports from Egypt in 11 months of 2022
The Engineering Export Council (EEC) of Egypt announced that the sector’s exports were up by 10% to $3.32 billion from January through Novem...
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Business
Gold holds steady as investors focus on U.S. jobs data
As the dollar strengthened ahead of a closely watched U.S. jobs report that could provide more insight into the Federal Reserve’s interest r...
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Business
ADNOC pledges $15 billion for clean energy, new energies and decarbonization
ADNOC, a reliable and responsible provider of energy with low carbon intensity, announced today a bold new strategy to decarbonize its opera...
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Business
Trading week begins with stock futures falling
Markets fell Monday evening ahead of the latest Federal Reserve meeting minutes and a flurry of economic data. Dow Jones Industrial Average ...
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Business
A third of world economies will be in recession by 2023 – IMF chief
The International Monetary Fund (IMF) chief Kristalina Georgieva warns that this year will be tougher on the global economy than last year. ...
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Business
UAE leads the Arab world in exporting manufactured goods
It has been reported by the Arab Monetary Fund (AMF) that the UAE ranked first in the Arab world in terms of the value of manufactured expor...
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Business
Significant quarterly rise in gold is expected after interest rates decline
Gold futures settled unchanged at $1,826.2 on the last trading day of 2022, while spot gold rose 0.2% to $1,818.70. The yellow metal rose on...
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Business
Azuki collection NFT that Logan Paul bought for $623,000 is now worth $10
Logan Paul, a YouTuber-turned-boxer, purchased a NFT for $623,000 from the Azuki collection. There has been a massive downturn in the crypto...
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Business
India is a world leader in sugar production and export
Minister for Agriculture and Farmers Welfare Narendra Singh Tomar stated that farmers are receiving more money directly into their accounts ...
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Business
Consumer law violations cost Wells Fargo $3.7 billion in fines
As part of the settlement, Wells Fargo agreed to pay $3.7 billion in order to settle claims that it harmed customers by charging illegal fee...
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Business
Amazon Web Services awarded $700 million contract by U.S. Navy
Amazon Inc’s cloud computing division was awarded a $723.9 million enterprise software license contract by the United States Navy. With the ...
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Business
Oil producers from OPEC and non-OPEC sign historic declaration
Ten non-OPEC oil-producing countries and OPEC Member Countries signed the Declaration of Cooperation (DoC) on 10 December 2022. At the OPEC ...
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Business
US Treasury has penalized a prominent Turkish executive with Iran oil sanctions
A prominent Turkish businessman has been sanctioned by the Biden administration for violating U.S. restrictions on the sale of Iranian oil, ...
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