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DWTC will begin 2023 with an action-packed Q1 schedule
The Dubai World Trade Centre (DWTC) launched the first quarter with an impressive conference and exhibition lineup. In the first nine months of 2022, Dubai returned to pre-pandemic economic form with year-on-year GDP growth of 4.6 percent.…
DP World and Maersk ink a long-term partnership at Jebel Ali
DP World has partnered with A.P. Moller-Maersk (Maersk) to improve operational efficiencies, enhance customer service and reduce carbon emissions. Maersk will benefit from the long-term strategic partnership and will implement enhanced…
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, the bank started layoffs on Tuesday that will result in the loss of up to 3,200 jobs. This is…
Masdar signs 1GW clean energy deal in Kyrgyzstan
Masdar has signed an agreement with the Kyrgyz Ministry of Energy to develop a pipeline of renewable energy projects in the country. The projects, with a total capacity of up to 1 gigawatt (GW), begin with a 200 megawatt (MW) solar…
$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 billion in the GCC real estate market. It follows Investcorp’s first real estate purchase in Saudi Arabia.…
$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 November of 2022, compared with $3 billion in the same period last year. As reported in the EEC's monthly…
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 percent in the current financial year, according to Vipul Shah, Chairman of the Gem and Jewellery…
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 rate-hike plans, gold prices advanced on Friday after a sharp drop in the previous session. As of…
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 operations globally. In November 2022, ADNOC's Board of Directors approved its Net Zero by 2050 ambition…
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 futures fell 72 points, or 0.2%. Nasdaq 100 futures fell 0.44% and S&P 500 futures lost 0.28%.…