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01 July 2024

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CB foreign assets grow by Dh35bn

The foreign assets of the UAE Central Bank swelled by nearly Dh35 billion over the past year and most of the increase

Foreign banks withdrew Dh20bn in the first quarter

Foreign banks repatriated nearly Dh20 billion from the UAE in the first quarter of this year after liquidity shortages

Ex-minister charged with wasting Dh155m

A former UAE minister has been accused of wasting nearly Dh155 million in public funds in the form of fees imposed on

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Trial resumes for ex-minister accused of wasting Dh155m

A court in Abu Dhabi on Tuesday resumed closed-door hearings to try a former minister accused of wasting nearly Dh155

Sharma shines as Mumbai thump Kolkata

Rohit Sharma scored 109 as Mumbai Indians beat Kolkata Knight Riders by 27 runs while Chennai Super Kings scored an

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NBK posts net profit of $1bn

(SUPPLIED)    National Bank of Kuwait (NBK), the largest Kuwaiti bank and the highest rated in the Middle East and

Giant tuna sells for record $1.8 million in Japan

A monster bluefin tuna sold for a record-breaking $1.8 million in the year's first auction at Japan's Tsukiji fish

Nokia, Yahoo team up for more mobile ad revenue

Nokia Oyj and Yahoo! Inc have agreed to collaborate on mapping, e-mail and instant messaging services to spur revenue

India's plight, NRI delight: Rupee plunges again

We told you so… Steps to stem rupee's slide will not work As expected, steps announced by the Indian government to

Government boosts deposits with banks

The UAE Government boosted its deposits with local banks by nearly Dh28 billion in March after a sharp decline in

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Slim down for a healthier economy

As well as being in the grip of a credit crunch, a jobs crisis and facing the prospect of an 18-month recession,

Mena IPOs down 87% in first half of 2009

IPO activity in the Middle East and North Africa (Mena) declined by a staggering 87 per cent during the first half of