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UAE Business: Global Markets React to Geopolitics

Global Markets Navigate Geopolitical Tensions and Policy Anticipation Global financial markets experienced mixed performance on Tuesday as investors grappled with geopolitical tensions and awaited further announcements from the incoming White House administration. Stock indices showed varied results, while oil prices eased amid rising concerns over Russia-US relations regarding Ukraine. Stock Market Volatility Amid Policy Uncertainty…

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UAE Food Tech Giant Eyes DFM Listing

Talabat Holding plc, a leading food delivery and e-commerce company, has announced its intention to list on the Dubai Financial Market (DFM). The company plans to offer shares to UAE Retail Investors, including eligible employees, and Professional Investors outside the United States, including those in the UAE. The subscription period for the UAE Retail Offering…

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UAE Non-Oil Sector Fuels Dubai’s Economic Surge

Dubai’s Economic Resilience: Non-Oil Sector Leads Growth Dubai’s economy has showcased remarkable resilience, with a 3.3% GDP growth in the second quarter of 2024, reaching Dh116 billion. This surge is primarily driven by the robust performance of the non-oil sector, highlighting the emirate’s successful diversification efforts. The S&P Global UAE Purchasing Managers’ Index (PMI) for…

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UAE-India Boost Economic Ties: Investment Treaty, UPI

India and UAE Strengthen Economic Ties with New Initiatives The United Arab Emirates and India have taken significant steps to enhance their economic partnership through several key initiatives. These developments aim to boost bilateral investments, facilitate cross-border transactions, and strengthen supply chain cooperation. Investment Treaty Boosts Bilateral Investments A new bilateral investment treaty (BIT) between…

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