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WEF: Experts call for reskilling of global workforce as job losses threaten to outpace growth
Experts on Tuesday called for urgent reskilling and upskilling of the global workforce, warning that major changes to the world of work in the next few years will see job losses outpace growth.
Economists, ministers and policymakers…
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IMF’s Georgieva ,More weakness in US banking sector expected
International Monetary Fund managing director Kristalina Georgieva said on Monday she expects more weaknesses to be exposed in the banking sector, only hours after First Republic Bank was acquired by JPMorgan Chase.
Speaking at the 2023…
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Dubai airline CEO urges for additional flights to India
India’s aviation market has a huge potential and there is a need to increase flights between India and UAE to accommodate the growing demand from the UAE residents and Indian tourists.
The UAE airlines are looking to tap every…
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Saudi Arabia offers 50 investment opportunities worth over $25bn in machinery, equipment sector
Saudi Arabia is working to offer 50 investment opportunities worth over $25 billion in the machinery and equipment sector as part of its strategy to promote private participation in the Kingdom’s diversification goals outlined in Vision…
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Taliban in ‘no hurry’ to agree $10bn lithium deal with China
The Taliban said on Monday they were not in a hurry to give China access to Afghanistan’s lithium reserves, despite an offer to pay for access to the rich deposits of the metal.
Afghanistan has abundant mineral riches, which also include…
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Saudi banks’ aggregate profits surge 23% to $1.98bn in March: SAMA
Banks in Saudi Arabia reported an aggregate profit of SR7.43 billion ($1.98 billion) in March, up 23.2 percent compared to the same month in 2022, the latest data from the Saudi Central Bank showed.
According to the report from the bank,…
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SAMA reports Saudi banks’ profits surge 23% to $1.98bn in March
Banks in Saudi Arabia reported an aggregate profit of SR7.43 billion ($1.98 billion) in March, up 23.2 percent compared to the same month in the previous year, the latest data from the Saudi Central Bank showed.
According to the SAMA…
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More than 300,000 hotel rooms to be added in Saudi Arabia by 2030
More than $1 trillion worth of real estate and infrastructure projects, including 315,000 hotel rooms, are under development or in the pipeline in Saudi Arabia, according to industry experts speaking ahead of the upcoming Future Hospitality…
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Saudi customs authority shares best practice knowledge at Sea Asia 2023 exhibition
Saudi Arabia’s customs authority showed off the tools it has used to get clearance time at the Kingdom’s borders to just two hours during an industry event in Singapore.
The Zakat, Tax and Customs Authority participated in the Sea Asia…
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IEA should be ‘very careful’ about undermining key oil investments, says OPEC chief
The secretary-general of the Organization of the Petroleum Exporting Countries, Haitham Al-Ghais, said on Thursday the International Energy Agency should be “very careful” about discouraging investment in the oil industry, which was crucial…
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