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Facebook expands Shops to WhatsApp, Marketplace in commerce push
Facebook Inc (FB.O) is expanding its "Shops" feature to its messaging app WhatsApp in several countries and to Facebook Marketplace in the United States, the company said on Tuesday as it announced changes to its commerce tools.
Facebook…
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Bitcoin Fund breaks new ground in Middle East with debut on Nasdaq Dubai
The Bitcoin Fund debuted on the Nasdaq Dubai on Wednesday, becoming the Middle East’s first listed cryptocurrency fund.
The fund, which was listed by Canadian digital asset management firm 3iQ on the Toronto Stock Exchange last year, has…
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Italy’s Lamborghini eyes big opportunities in Saudi market
Lamborghini, the Italian super car manufacturer, sees Saudi Arabia as potentially its strongest market in the Middle East, its CEO Stephan Winkelmann told Arab News.
“The UAE is currently the biggest one, but we think that Saudi Arabia…
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Oil rises on optimism of quick recovery in global demand
Crude oil prices rose on Tuesday, with Brent hitting $75 a barrel for the first time since April 2019, as investors remained bullish about a quick recovery in global oil demand and as concerns eased over an early return of Iranian crude.…
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Qatar has no need to sell bonds after first quarter surplus
Qatar has no need to tap bond markets for budget-balancing reasons after a better than expected oil price boosted its revenues, Finance Minister Ali Al-Kuwari said.
He told Bloomberg TV that the country would only consider raising fresh…
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Emirates Development Bank, Beehive ink deal to boost SME financing
State-owned lender Emirates Development Bank (EDB) has signed a deal with a Dubai-based peer-to-peer platform to give small to medium-sized enterprises (SMEs) more funding options.
Under the deal, Dubai’s Beehive will distribute 30…
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Dubai Airports to revive 3,500 jobs as key terminals reopen this week
Dubai Airports said it will re-open its Terminal 1 and Concourse D facilities this week as the emirate seeks to kick start its vital aviation sector.
It said the two facilities would-re-open on June 24 while at the same time the…
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Arab economies jostle for position in $200 billion green hydrogen race
Another week, another huge green hydrogen project announcement in the Middle East. This time, it was Egypt’s turn. The most populous Arab nation is planning to invest up to $4 billion in a project to create hydrogen through electrolysis…
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Italy reimposes quarantine on arrivals from Britain
Italy will reintroduce a five-day quarantine on arrivals from Britain while easing rules for other countries, Health Minister Roberto Speranza announced on Friday.
Britain on Thursday recorded 11,007 new daily coronavirus cases, with the…
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Morgan Stanley alum Atwan plans to raise $600m for clean energy funds
VC Fuel plans to raise $100 million for its debut venture fund and intends to seek about $500 million for a separate infrastructure vehicle, Bloomberg reported citing a person with knowledge of the matter.
The firm was founded by Ahmad…
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