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Cashing in on water crisis!

  Bulawayo / AFP From jobless youths hired to dig wells to illegal sellers supplying water in buckets and large tanks, some enterprising Zimbabweans are cashing in on the country’s desperate water shortages. Zimbabwe’s long-standing water supply problems have been worsened by a severe drought ravaging the southern African region. Taps in large parts of the country run dry for ...

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Foreigners buy shares worth AED1bn on DFM

  DUBAI / WAM Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-UAE nationals, this week reached about AED1.016 billion, while value of stocks they sold stood at AED1 billion, with net foreign investment on the market reaching AED15.4 million during the period, as aggregate buy. Value of shares bought by foreigner investors ...

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DP World ups stake in Korean port

  Dubai / AFP Dubai-based port operator DP World said on Thursday it has acquired an additional 23.94 percent stake in South Korea’s Pusan NewPort Company, giving it a majority shareholding. The purchase from Samsung Corporation brings to 66.03 percent DP World’s stake in PNC, which operates the largest terminal at the port of Pusan, the company said in a ...

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