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UAE: ADNIC reports net profit of AED204.4 million in H1 2023
Updated : 2 years, 7 months ago IST
Commenting on ADNIC’s performance, Sheikh Mohamed Bin Saif Al-Nahyan, Chairman of ADNIC, said, “ADNIC has had a strong start to the year with an Insurance Revenue of AED2.14 billion. As we continue to successfully unwind our dependence on heavily reinsured corporate programmes, our underwrit
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Pakistan Finance Ministry says rising poverty, food insecurity, inflation
Updated : 2 years, 7 months ago IST
In its first quarterly performance report to the Asian Development Bank (ADB) on USD 1.5 billion Building Resilience with Active Country-cyclical Expenditures (BRACE) released on Thursday, the Ministry of Finance said the financial progress remained satisfactory on Countrycyclical Developmen
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Virgin Galactic takes tourists to edge of space
Updated : 2 years, 7 months ago IST
Virgin Galactic, the venture founded by UK billionaire Richard Branson, launched its first commercial flight to the edge of space after decades of promise, reported CNN.
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5 Americans detained in Iran moved from prison to house arrest
Updated : 2 years, 7 months ago IST
The development is the first step in a deal between the United States and Iran that would include making USD 6 billion in Iranian funds more accessible to Tehran in exchange for their return to the US.
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India set to become global hub of medical technology, devices with market
Updated : 2 years, 7 months ago IST
Union Minister of Health and Family Welfare and Chemicals and Fertilizers Mansukh Mandaviya on Wednesday addressed the Curtain Raiser of India’s first medical technology expo, ‘India MedTech Expo 2023’, scheduled to be held in Gujarat's Gandhinagar from August, said an official statement.
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Pakistan: Risks attached to IMF increases if caretaker setup extended
Updated : 2 years, 7 months ago IST
The risks attached to the International Monetary Fund's billion Standby Arrangement (SBA) program will increase as the tenure of caretaker can be extended after the approval of the digital census.
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Pak power companies seek further tariff hike
Updated : 2 years, 7 months ago IST
It is expected that the increase in electricity tariffs per unit could be Pakistani currency (PKR) Rs 3.50–6, which could result in an additional burden of Rs 144.688 billion on the consumers from July 1, 2023.
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Dubai logs over AED 2.8 bn in realty transactions on Monday
Updated : 2 years, 7 months ago IST
Dubai's real estate market recorded 670 sales transactions worth AED 2.03 billion on Monday, in addition to 112 mortgage deals totalling AED 724.49 million, and 13 gift deals amounting to AED 94.95 million, data released by Dubai's Land Department (DLD) showed.
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Adani Energy Solutions secures USD 1 billion financing for HVDC link proje
Updated : 2 years, 7 months ago IST
Adani Energy Solutions Limited (AESL) on Monday announced it was successful in the financial closure for its USD 1 billion green HVDC (high-voltage direct current ) link project, which will enable further ‘greening’ of the Mumbai Grid by supplying more renewable power to the city.
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Members' exports value exceeded AED 139 billion during H1'23: Dubai Chambe
Updated : 2 years, 7 months ago IST
Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced a series of significant accomplishments made during the first half of 2023 (H1'23), including significant growth in the number of member companies and an increase in the value o
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Zyber 365 Secures USD 100 Million in Funding to Revolutionize Web3 Cyberse
Updated : 2 years, 7 months ago IST
New Delhi [India], August 7: Zyber 365, a cutting-edge Web3 cybersecurity startup, has achieved a significant milestone by securing USD 100 million in funding from SRAM & MRAM Group, a prominent UK-based investment firm. The successful funding round has valued Zyber 365 at an impressive
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‘Barbie’: Margot Robbie, Ryan Gosling starrer mints USD 1 billion globally
Updated : 2 years, 7 months ago IST
Hollywood actors Margot Robbie and Ryan Gosling starter fantasy comedy-drama film ‘Barbie’ has now crossed USD 1 Billon globally in just its third weekend.
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