Sunday 29 January 2023
 
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Dubai named No 1 global destination by Tripadvisor Awards

Dubai has been named the No 1 global destination in the Tripadvisor Travellers’ Choice Awards for a second successive year, consolidating its position as the world’s 'favourite tourist destination'.    The recognition support

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Saudi 'creating global model for economic resilience, collaboration'

The rapid economic transformation of Saudi Arabia and its global role in bringing near-term stability while driving long-term transformation was the subject of a high-level panel on the third day of the World Economic Forum at Davos.    The session, titled

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Surging India offers Mena investors huge opportunity: UTI

Investors from the Middle East and North Africa (Mena) region have a huge opportunity in the surging growth of India with the country’s economy on its way to becoming a $5 trillion economy.   This is according to UTI Asset Management Co LTD (UTI-AMC), one

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Masdar City and ADGM to create new pathways for FIs

Masdar City and the Abu Dhabi Global Market (ADGM) have signed a strategic Memorandum of Understanding (MoU) to strengthen foreign investment (FIs) in Abu Dhabi and support innovation that enhances UAE’s competitiveness.   The agreement was signed by Ahmed

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Fintech Galaxy names AlAhmed as Bahrain Country Manager

UAE-based Fintech Galaxy, the first Central Bank-regulated Open Finance platform in the Middle East, has announced the hiring of Turki AlAhmed to lead its operations in Bahrain and expand its Open Banking and Open Finance in the kingdom.    AlAhmed has prev

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GCC will buck recession; 3.6% GDP growth seen

While the global economy is expected to face weak growth and the possibility of recessions, as well as continued inflationary pressures, GCC economies are expected to weather the global slowdown, according to the latest PwC Middle East Economy Watch.    Wit

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Saudi transformation 'a beacon of optimism'

The rapid economic transformation of Saudi Arabia and its economic resilience were highlighted by a high-level delegation at the World Economic Forum at Davos.    At a session, titled “Saudi Arabia’s Transformation in a Changing Global Context&r

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Asia presents the best investment opportunities: SCB

Investors need to look to the Asian region for the best investment opportunities in the short and medium term, said Steve Brice, Global Chief Investment Officer at Standard Chartered Bank.   Providing his outlook for 2023, Brice said there will be a slowing of g

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Dearth of trade in the Menap region: inaugural Barometer

The dearth of trade between countries in the region is laid bare in the inaugural Menap Economic Integration Barometer, which shows that intraregional exports account for only 2.9% of total Menap GDP. This compares to a global average of 7.9% and 22% across the European Union (EU), Norway, Sw

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Saudi, WEF explore collaborations in global metaverse village

A high-level delegation from Saudi Arabia yesterday (January 17) took part in a multilateral meeting with the World Economic Forum’s leadership at WEF’s 2023 Annual Meeting in Davos, Switzerland.   The delegation comprising Prince Faisal Bin Farhan A

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