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Is Fintech Truly Driving India’s GDP Growth, or Are We Chasing Illusions?

the financial - 24 February, 2025

In the dynamic landscape of India's economy, fintech has emerged as a major disruptor. As the country strides toward digital transformation, the fintech sector’s...

Banking Central | India needs a much higher deposit insurance for its bank customers

the financial - 24 February, 2025

India’s deposit insurance framework needs an urgent recalibration. The threshold of Rs 5 lakh is inadequate in the current economic landscape where deposit sizes...

MENA startups secure new investments, acquisitions across fintech, AI and e-commerce

the financial - 24 February, 2025

RIYADH: Startups across the Middle East and North Africa continue to attract significant investment, with funding rounds and acquisitions shaping the region’s growing tech...

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India’s retail inflation drops to 4-month low of 5.22% in December on easing food prices

the financial - 14 January, 2025

A significant decline in inflation was observed in vegetables, pulses and products, sugar and confectionery, personal care and effects, cereals and productsIndia’s retail inflation...

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Rupee pierces 86/USD mark to hit record low of 86.40 against US dollar in early trade

the financial - 13 January, 2025

Compounding the Rupee’s woes is the sharp rise in crude oil prices, which has placed further strain on India’s current account The Rupee pierced the psychologically crucial...

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UAE defence giant Edge Group records $4.9bn revenue in 2024, sees international orders surge

the financial - 13 December, 2024

UAE defence firm is emerging as a global powerhouse with more than $2bnin international orders UAE defence giant EDGE Group has marked its five-year anniversary and is...

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Lulu Retail revenue reaches $1.86 billion in first post-IPO result

the financial - 30 November, 2024

Revenue up 6.1% for Q3 2024 and 5.7% YoY for 9M 2024; Q3 EBITDA increases 9.9% to $176.3 million; Group opens 12 new stores...

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Will UAE dirham strengthen against global currencies after Trump win?

the financial - 10 November, 2024

Donald Trump's win in the US presidential election bodes well for the dollar and the UAE dirham which is pegged to the US currency as well...

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Mena proptech: A balancing act between innovation and responsibility

the financial - 10 October, 2024

Fuelled by a burgeoning population, growing urbanization, and a tech-savvy generation, the real estate sector in the MENA region is undergoing a digital revolution. This...

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Middle East crisis derails Bitcoin recovery

the financial - 8 October, 2024

The ongoing crisis in the Middle East has derailed Bitcoin’s recovery in September, and the overall trend continues this month. For October, historically considered...

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Digital Asset Products See Third Week of Inflows Totalling $1.2B: CoinShares

the financial - 1 October, 2024

Digital asset products have seen a third consecutive week of inflows, with a total of $1.2 billion, triggered by the continued expectations of dovish...

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Emirates to introduce retrofitted Boeing 777s on two more cities

the financial - 13 August, 2024

Emirates has today announced plans to introduce its newly retrofitted Boeing 777s to two more cities - Zurich and Riyadh from 1 October 2024*....

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Wall Street jumps as jobs data eases slowdown fears

the financial - 9 August, 2024

Wall Street's main indexes rose nearly 2% on Thursday, bolstered by a better-than-expected jobs report that eased worries of an imminent slowdown in the...

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US junk and corporate bond spreads surge in sign of market fears

the financial - 6 August, 2024

U.S. junk bond spreads over yields on risk-free Treasuries widened further on Monday, after ending last week with the biggest daily points surge since...

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UAE Central Bank follows US Fed move, holds rates at 5.4%

the financial - 1 August, 2024

The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 5.40%. This decision...

Business

Abu Dhabi Islamic Bank’s net profit rises 30% in first half

the financial - 25 July, 2024

Abu Dhabi Islamic Bank (ADIB) on Wednesday reported a growth in net profit after tax of 30 per cent for H1 2024 to Dh3.03...

Economy

Kingdom and Austria Sign MoU for Economic Cooperation

the financial - 30 May, 2024

Vienna, May 29, 2024, SPA -- The Saudi Ministry of Economy and Planning and the Ministry of Labor and Economy in Austria have signed...

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IsDB President Meets with Omani Minister of Finance

the financial - 23 May, 2024

Islamic Development Bank Group (IsDB) President Dr. Muhammad Al Jasser met Wednesday with the Minister of Finance of the Sultanate of Oman, Sultan bin...

Business

Tabreed reports AED468 million revenues in Q1 2024

the financial - 16 May, 2024

Tabreed, the UAE's international district cooling company, today released its consolidated financial results for the first three months of 2024, recording revenue increase to...

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What does history reveal about previous Bitcoin halvings?

the financial - 9 May, 2024

Bitcoin, introduced in 2009, emerged as a decentralised financial system in response to the 2008 financial crisis, eliminating the need for central authorities or...

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Hamdan bin Mohammed launches ‘Dubai International Growth Initiative’

the financial - 1 February, 2024

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, launched the...

Technology

Microsoft’s Bing, Edge to Avoid EU’s Digital Dominance Crackdown

the financial - 25 January, 2024

Microsoft Corp.’s Bing search engine, Edge web browser and Advertising services are set to be exempt from strict new European Union antitrust rules reining in Big...

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Saudi non-oil GDP seen at around 6 pct in 2023: Finance minister al-Jadaan

the financial - 27 October, 2023

Saudi Arabia’s non-oil gross domestic product (GDP) is expected to grow by around 6 percent this year, the Kingdom’s finance minister said, adding he...