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Business
SF Express launches operations at Abu Dhabi International Airport
The Abu Dhabi International Airport, managed by Abu Dhabi Airports, recently welcomed the inaugural cargo flight from SF Express, marking the Chinese logistics behemoth's first foray…
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South Korea reinstates Japan on export white list to boost economic ties
South Korea has reinstated Japan on its "white list" of trusted trading partners, a significant step towards mending their bilateral economic and diplomatic ties. Three years ago, Japan…
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Agriculture Ministry projects record-breaking grain harvest for Russia in 2023
Russia's Agriculture Ministry has projected a 2023 grain harvest of more than 123 million metric tons, including 78 million metric tons of wheat, factoring in new territories, according…
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Investors turn to gold amid US monetary policy uncertainty
Gold prices experienced a rebound on April 18, 2023, after two consecutive sessions of losses, as the dollar's value weakened and investors sought further clarity on the US Federal…
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ADCB sees 27 percent increase in Q1 23 net profit reaching AED 1.87 billion
Abu Dhabi Commercial Bank (ADCB) has reported a remarkable 27% surge in its net profit for Q1 2023, reaching AED1.878 billion. The bank's net interest income also grew by 33% to…
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JPMorgan Chase exceeds expectations with stellar first-quarter results
JPMorgan Chase announced a record-breaking first-quarter profit and revenue that surpassed expectations on Friday. The New York-based bank reported a profit of $12.6 billion or $4.10…
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EGA partners with HILT CRC for alumina refining decarbonization
Emirates Global Aluminium (EGA) has announced its collaboration with the Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC) to advance research in the…
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World Bank and IMF leaders to discuss global economic challenges at 2023 spring meetings
World Bank Group President David Malpass and IMF Managing Director Kristalina Georgieva will launch the 2023 Spring Meetings in Washington, D.C. with a discussion on the complex…
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Concerns arise over US economy as Costco reports weaker sales growth
Costco Wholesale Corp. witnessed a decline in its shares following the company's slowest growth in US sales in nearly three years. The monthly sales gauge registered a second…
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Apple set to launch first-ever retail store in India this month
Apple is all set to launch its first-ever retail store in India, nearly two decades after it started selling products and services in the country. The US-based tech giant is slated to…
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