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Kizad ‘incubation centre’ to boost SME ecosystem

Dubai / WAM Khalifa Industrial Zone Abu Dhabi (Kizad) has launched an Entrepreneurship and Incubation Centre offering cost-effective work spaces, offices and licensing options to enhance the entrepreneurship and SME ecosystem in the UAE. Kizad, which is one of the largest industrial zones in the Middle East and a subsidiary of Abu Dhabi Ports, is situated within easy reach of ...

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Adnoc expands Flex service across UAE

RAS AL KHAIMAH / WAM Customers in Sharjah, Ras Al Khaimah, Fujairah, Umm Al Qaiwain and Ajman will be able to choose to self serve free of charge or use the premium service for AED10 when they refuel their cars. Adnoc Distribution also said it will continue to offer four fuel products across its network, including the UAE’s lowest priced ...

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China may have $5.8 trillion in hidden debt with ‘titanic’ risk

Bloomberg China’s local governments may have accumulated 40 trillion yuan ($5.8 trillion) of off-balance sheet debt, or even more, suggesting further defaults are in store, according to S&P Global Ratings. “The potential amount of debt is an iceberg with titanic credit risks,” S&P credit analysts led by Gloria Lu wrote in a report on Tuesday. Much of the build-up relates ...

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