Tag : infrastructure

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UAE president and Greek PM hold Abu Dhabi talks

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ABU DHABI: UAE President Sheikh Mohamed bin Zayed Al Nahyan received Greek Prime Minister Kyriakos Mitsotakis in Abu Dhabi on May 5 for talks on bilateral ties and regional developments, as the two countries marked 50 years of...
World Bank remains bullish on India’s economic growth and potential
Business

World Bank remains bullish on India’s economic growth and potential

manamalive.com
The World Bank has reaffirmed its confidence in India's economic potential, emphasizing that the country remains a key investment destination despite minor fluctuations in its growth trajectory. Speaking at the Advantage Assam 2.0 Business Summit,...
Microsoft to invest $80 billion in AI data centers by June 2025
Business

Microsoft to invest $80 billion in AI data centers by June 2025

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Microsoft has announced plans to invest $80 billion in AI-enabled data centers during its current fiscal year, which ends in June 2025. More than half of this investment is allocated to the United States, reinforcing...
French ski industry faces closures as small resorts struggle with costs
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French ski industry faces closures as small resorts struggle with costs

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France’s ski industry is witnessing a growing decline in smaller, mid-altitude resorts as economic and environmental pressures mount. Since the 1950s, 186 ski resorts have closed across the country, and analysts predict further closures over...
Borouge opens offices in Kenya, South Korea
Business

Borouge opens offices in Kenya, South Korea

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Leading petrochemical company, Borouge, known for its innovative polyolefin solutions, has announced the opening of new offices in Kenya and South Korea. This strategic move aims to expand the company's market presence in high-growth regions....
Egypt and UAE forge $150 billion investment partnership
Business

Egypt and UAE forge $150 billion investment partnership

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In a groundbreaking move, Egypt and the United Arab Emirates (UAE) have inked a historic investment partnership agreement aimed at transforming the Ras al-Hikma peninsula, situated west of Alexandria, into a premier global destination. This...
President Lula's $347.5 billion growth plan for Brazil emphasizes ecological transition
Business

President Lula’s $347.5 billion growth plan for Brazil emphasizes ecological transition

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Brazil's "growth acceleration" plan, known as PAC, has been reintroduced, with a projected 1.7 trillion reais ($347.5 billion) in investments. This new initiative is set to leverage an extensive public-private partnership framework. Alongside, the government...
President of Brazil embarks on official visit to the UAE
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President of Brazil embarks on official visit to the UAE

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Luiz Inacio Lula da Silva, the President of Brazil, arrived in the UAE today for an official visit, accompanied by his wife and First Lady of Brazil, Rosangela Lula da Silva. Upon their arrival at...