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G7 ministers set big new targets for solar and wind capacity
The Group of Seven rich nations on Sunday set big new targets for solar power and offshore wind capacity, agreeing to speed up renewable energy development and move toward a quicker phase-out of fossil fuels.
But they stopped short of…
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Polish government bans grain and food imports from Ukraine
The Polish government has decided to ban imports of grain and other food from Ukraine to protect the Polish agricultural sector, the leader of the ruling Law and Justice Party (PiS), Jaroslaw Kaczyński, said on Saturday.
Large quantities…
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Cybercriminals shift focus to crypto industry
As attacks using conventional financial threats have become less frequent in 2022, cybercriminals shifted their focus to the crypto industry, according to a new report by Kaspersky.
The detection of conventional financial threats like…
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Dubai’s residential market reaches record highs in Q1: CBRE
Dubai property market continues to grow at an unprecedented rate, with the transaction volumes reaching record highs of 11,597 in March alone, cumulating a total volume of 29,323 in the first quarter of 2023, according to a new report.…
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KSA and Oman form committee to oversee development of Dhahirah’s economic zone
Saudi Arabia and Oman have formed a committee to oversee the development of the integrated economic zone in Dhahirah.
The committee aims to develop a plan for the development, execution and management of the economic zone in Oman as well…
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Cuba gives green light to US dollar deposits, reversing ban
The Cuban government, in a reversal of a ban enacted in 2021, has given the green light to US dollar deposits into the local banking system as the Caribbean island nation undergoes an economic crisis.
“From this moment on, financial and…
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Dubai’s non-oil business conditions rebound in March: S&P Global
Dubai’s non-oil private sector grew at its fastest rate since September 2022, as the Emirate’s Purchasing Managers’ Index hit 55.5 in March, according to S&P Global.
In its latest Purchasing Managers’ Index report for Dubai, the…
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UAE’s banking assets climb 11.5% to $996.6bn in January: CBUAE
The value of UAE banks’ assets, including acceptance certificates, has increased to 3.66 trillion dirhams ($996.6 billion) in January, recording 11.5 percent growth over 3.29 trillion dirhams recorded during the same period last year, the…
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Qatar eyes lion’s share of global halal economy
Qatar’s halal economy has been witnessing massive growth, with the country encouraging core sectors with high growth potential to develop products and services prescribed by Islamic law, a state agency said.
According to the Investment…
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Financial inclusion in Egypt touches 65% of its adult population in 2022
Financial inclusion is gaining prominence in Egypt as total ownership of transactional accounts reached 64.8 percent of the total 65.4 million eligible adult population at the end of 2022, reported the Central Bank of Egypt.
According to…
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