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AMAALA partners with Clinique La Prairie to unveil first wellness hotel brand
Saudi multi-project developer Red Sea Global has partnered with Swiss longevity clinic Clinique La Prairie to offer a new wellness resort at its upcoming ultra-luxury tourism destination AMAALA.
The project involves the development of…
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UAE minister calls for multilateral action to promote climate financing
A globally coordinated multilateral action to promote climate finance is necessary to combat climate change and mitigate its repercussions, according to UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini.
Speaking…
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Philippines boosts efforts to tap into GCC food market through ‘healthy convenience’
The Philippines has identified healthy convenience food as a potential opportunity in the GCC market, officials said as a special trade mission ended its tour of the region on Saturday.
The Outbound Business Matching Mission from the…
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Malaysia helps poor, raises taxes for rich in 2023 budget
Malaysia will raise development spending and plans new taxes for the wealthy in a smaller budget plan this year, as the new government seeks to balance between spurring economic growth and reining in the budget deficit.
Three months…
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Ukraine to set up $500m insurance fund for cargo ships entering ports
Ukraine will offer compensation for possible damages to civilian vessels entering its ports, Deputy Prime Minister Oleksandr Kubrakov said on Friday, as Kyiv tries to boost exports that are vital for its war-hit economy.
Ukraine is a…
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Lebanese banks suspend strike at PM’s request; pound regains some value
Lebanon’s struggling banks on Friday decided to suspend their strike, which started earlier this month, for one week at the request of caretaker Prime Minister Najib Mikati.
The decision comes as many Lebanese, including civil servants,…
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Oil updates – Gains as Russian supply cuts temper concerns over rate hikes, high stocks
Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the US, according to Reuters.
Brent crude futures rose 67 cents, or 0.8 percent, to $82.88 per barrel by…
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Biden nominates former Mastercard CEO Ajay Banga to head World Bank
US President Joe Biden nominated former Mastercard Inc. CEO Ajay Banga to lead the World Bank, betting the India-born executive’s ties to the private sector and emerging markets will jump-start the 77-year-old institution’s overhaul to…
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Pakistan’s FX reserves rise by $66m to $3.26bn, says central bank
Pakistan’s foreign exchange reserves held by the central bank rose by $66 million to $3.258 billion in the week ending Feb. 17, it said on Thursday, while its total liquid foreign reserves stood at $8.726 billion.
Pakistan, which is a…
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Oil Updates — Crude up; ADNOC set to raise $2bn from gas unit IPO
Oil prices rose slightly in thin Asian trade on Thursday, pausing from a six-day losing streak fed by mounting concerns that more aggressive interest rate increases by central banks could pressure economic growth and fuel demand.
Brent…
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