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Banking & Finance
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The cofinancing will support projects that include climate change, transportation, energy, agriculture, ICT
Asset management emerged as the sector attracting the largest sources of FDI
The stake includes the shares currently owned by Canadian pension fund Caisse de dépôt et placement du Québec
The industry attracted $16.6 billion in new investments, with a focus on equity and event-driven hedge fund strategies
Sri Lanka government failed to restructure $12 billion debt with bondholders
Non-performing CRE loans doubled to 0.81 percent by the end of 2023
Energy
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Meanwhile, India and Indonesia continue to experience booming car sales
Al Ghais anticipates a rise in oil demand to 116 million barrels per day by 2045
Earnings to increase in the next two quarters as demand picks up during the summer driving season
TotalEnergies also announces final investment decision for Oman's Marsa LNG project
The exports are primarily driven by sales from bonded storage for vessels operating on international routes
Agreement addresses major obstacle to the project's final investment decision
Health
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Testing blood for p-tau217 could provide accurate Alzheimer’s screening before symptoms manifest
Unlocking the $100 billion weight loss market opportunity
Enhancing employee well-being improves organizational performance
Middle East home to some of the highest engagement with apps
The Global Effort in Accelerating the 5th Industrial Revolution
Industry
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The state-of-the-art facility is expected to produce over two million tons of urea annually
Merger moves forward amidst regulatory and political scrutiny
PMI data shows growth in export orders, slow employment decline
Logistics
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Maersk anticipates shipping disruptions to persist at least until the end of the year
In April, SCZONE laid the foundation stone of the Xinxing Ductile Iron Pipes Corporation’s factory
South Korea's trade surplus increased to $4.28 billion in March
Non-oil trade between the UAE and Ukraine amounted to $385.8 million in 2023
The MoU aims to collaborate in sectors like renewable energy, mining, infrastructure, technology, and more
The MoU signed seeks to establish Joby's air taxi services in Abu Dhabi and beyond
Markets
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U.S. employment data supported gold prices, which rose over 2 percent by the end of last week
Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel
Softer U.S. jobless claims data contributed to the optimism surrounding gold
Brent oil futures, expiring in July, advanced by 0.5 percent to reach $84.33 per barrel
Brent crude should return to the $90 per barrel mark as demand exceeds historic levels this year
Hotter-than-expected U.S. inflation data could potentially drive gold prices down
Miscellaneous
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Expected shortage of 10 million healthcare workers by 2030 to further exacerbate healthcare access
Bankman-Fried's FTX collapsed in 2022 amid a flood of customer withdrawal requests
Musk said all X accounts with more than 2,500 verified subscriber followers would receive Premium features
This increase was primarily driven by higher prices for vegetable oils, meat, and dairy products
The imposed sentence of 25 years is considerably shorter than the 40 to 50 years sought by the prosecutors
Energy powerhouse Saudi Aramco makes it to the list
Real Estate
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In Q1 this year, residential property prices declined 4.3 percent
Higher mortgage rates, an outflow of talent and a weak market outlook impact property sales
The number of luxury homes for sale increased 13 percent in the first quarter of 2024
The "Acredita" program helps provide microcredit to CadUnico registrants, enabling access to social programs like Bolsa Familia
Median house price jumps to seven-month high, rising 7.4 percent YoY in Q1
40 percent of Spain's investments in Saudi Arabia over the past 10 years has been in the real estate sector
Telecom
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The deal aims to promote innovative ICT solutions, provide industry-leading and sustainable products
SKT, Deutsche Telekom, e&, Singtel and SoftBank Corp to form joint venture
