Business

Crude oil prices face the possibility of plummeting to $40 per barrel as financial market volatility exposes uncertainties in global supply and demand dynamics. Despite strong demand from China, the oil market is feeling the effects of a market selloff, which could lead to reduced consumer spending and a significant drop in oil demand. Some …
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According to a recent report by Alpen Capital, healthcare spending by UAE residents is expected to grow by nearly one-third in the coming years. This is due to the rise in the aging population and an increase in lifestyle diseases. The per capita healthcare spending in the UAE was the second-highest in the GCC, standing …
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The United Arab Emirates (UAE) and India are set to strengthen their trade ties in the ceramics industry, following the success of the CBIS Dubai Roadshow 2023. The event, organized by Emerald Worldwide Connections Private Limited, aimed to connect premier ceramic manufacturers from India with potential buyers in the UAE, in order to facilitate and …
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Etisalat by e&, the telecom company that recently rebranded from Etisalat Group, has announced the launch of a new Mobile Security Operation Centre (MSOC) in partnership with the UAE Cybersecurity Council. The MSOC will provide real-time protection services for business customers, safeguarding mobile phones from malicious attacks such as viruses and disruptive software that can …
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Adnoc Distribution, the UAE’s largest fuel and convenience store retailer, has approved a dividend payment of Dh1.285 billion for the second half of 2022, following a strong financial performance. The dividend payment was announced after the company reported earnings before interest, tax, depreciation, and amortization (EBITDA) of Dh3.52 billion, a 15% increase year-on-year, and a …
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