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Amazon to spend $3bn on ‘Go’ stores

Bloomberg If Amazon.com Inc. proceeds with a plan to open 3,000 cashierless stores by 2021, it could cost as much as $3 billion, according to analysts at Morgan Stanley, but also signal a bigger push by one of the world’s largest companies into the grocery business. The e-commerce giant is taking a close look at the future of its AmazonGo ...

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Abu Dhabi is world’s safest city

ABU DHABI / WAM Abu Dhabi has been named the safest city in the world for the second year running by Numbeo, a website that curates and collates data to develop the world’s largest user-contributed database about cities and countries worldwide. Surpassing more than 300 cities across the world, including Tokyo, Basel, Munich, and Vienna, the UAE’s capital has once ...

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Al Hilal Bank closes $500mn five-year sukuk

ABU DHABI / WAM Al Hilal Bank, rated A2 by Moody’s and A+ by Fitch successfully closed a $500 million five-year Senior Sukuk. The transaction, under Al Hilal Bank’s new management team, marks the first Senior Public Sukuk from the UAE since April 2018, and re-opens the Capital markets for GCC issuers. Al Hilal Bank was last in the market ...

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