Business activities in the non-oil private sector of the Arabian Gulf’s two biggest economies further improved in August amid mounting inflationary pressures globally |
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| Mohsen AlZahrani, a former managing director at consultancy Accenture, will lead the Kingdom’s virtual assets and central bank digital currency program |
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| Sharjah and Ajman have announced a reduction in taxi fares, as UAE fuel prices reach a new six-month low |
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| The venture is already in negotiations with a couple of family offices in Saudi Arabia and venture capital (VC) firms in the US and Singapore for the proposed fundraising |
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| The luxury carmaker had undertaken to take up 100 per cent of its entitlement under the rights issue |
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The company currently operates eight toll gates across Dubai – particularly placed in strategic junctures, bridges, and other high-traffic areas in the emirate |
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| The proposed flight services are scheduled to commence from October 30 and 31 this year, respectively |
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| The e-commerce platform is warning merchants against Amazon’s service, stating potential threats of fraudulent activities |
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| The launch of the training programme followed discussions between Dubai Deputy Ruler Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, and SAP’s global CEO Christian Klein earlier this year |
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Crypto Winter, a term used to describe a downturn in the crypto market, refers to an extended period of bear market characterised by shrinking market, contracted prices, fleeing investors and a highly nervous customer base |
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| UAE, for instance, has emerged as one of the largest investing countries in Africa, pouring billions of dollars in development projects that support the continent’s infrastructure |
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