Business & Money | Thursday 13 July, 2023 10:05 am

Fed poised to raise rates despite cooled inflation

The Federal Reserve appears set to resume interest-rate hikes in July after data showed inflation slowed sharply in June but is still above the central bank’s target.   The consumer price index, which excludes volatile food and energy prices, rose 4.8% in June compared with a year...

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Business & Money | Thursday 13 July, 2023 8:49 am

Azizi Developments sources Italian ALPI veneers for Creek Views II

Azizi Developments, a leading private developer in the UAE, has partnered with ALPI, a market-leading Italian manufacturer of engineered luxury veneers since 1919, to supply veneering for wooden doors at its Creek Views II project, located in the well-connected Dubai Healthcare...

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Business & Money | Thursday 13 July, 2023 8:43 am

PwC and Dar join forces to take on the sustainability challenge in the Middle East built environment

With a shared vision to support the Middle East’s net zero agenda, PwC and Dar Al-Handasah Consultants (Shair and Partners) – Dar – have announced a strategic collaboration to drive sustainable solutions in the regional built environment.  The partnership will leverage PwC Middle...

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Business & Money | Thursday 13 July, 2023 8:37 am

FedEx and INJAZ Al-Arab Join Forces to Empower Youth for a Transformative Future

As the world celebrates International World Youth Skills Day 2023 on July 15, FedEx Express, a subsidiary of FedEx Corp (NYSE: FDX) and the world’s largest express transportation company, and INJAZ Al-Arab, a member of Junior Achievement Worldwide, have united to empower the youth of the...

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Business & Money | Thursday 13 July, 2023 8:34 am

Emirates NBD announces grand prize winners

 Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has announced the grand prize winners of its ‘Tap. Pay. Win Green.’ campaign, launched to incentivise customers to make payments digitally.    The campaign, which...

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Business & Money | Wednesday 12 July, 2023 9:26 am

ITALIAN INSTITUTION, “LA VENARIA REALE”, PARTNERS WITH THE ROYAL COMMISSION FOR ALULA

Centro Conservazione e Restauro “La Venaria Reale” (CCR), an Italian conservation institute, has partnered with the Royal Commission for AlUla (RCU), the authority driving the comprehensive regeneration of AlUla, to further develop expertise in the restoration and...

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Business & Money | Wednesday 12 July, 2023 1:50 am

Emirates NBD elevates WhatsApp banking service

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has launched an enhanced and upgraded version of its WhatsApp banking service, providing customers with a convenient, secure and reliable digital banking experience like never...

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Business & Money | Wednesday 12 July, 2023 1:21 am

Invictus to invest AED 1 Billion for expansion for diversifying into agro-food trading

Invictus Investment Company Plc (ADX: INVICTUS), announces plans to expand into North and East Africa through acquisitions and joint ventures with leading local entities in the region. Headquartered in the UAE, Invictus is a prominent trader with growing business in the African markets....

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Business & Money | Wednesday 12 July, 2023 1:03 am

EDGE Acquires Etimad Holding, a Major Player in UAE’s Security Solutions Space

EDGE Group PJSC (EDGE), one of the world’s leading advanced technology and defence groups, announced the acquisition of a 100% stake in Etimad Holding LLC (Etimad), a technology solutions and services company with a focus on security systems solutions, systems integration, projects fulfillment,...

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Business & Money | Wednesday 12 July, 2023 12:36 am

GAC approves 16 economic concentration applications in June

The General Authority for Competition (GAC) issued 16 no-objection decisions for economic concentration applications in June, according to a statement.   Economic concentration applications for mergers and acquisitions (M&As) and joint ventures (JVs) are...

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