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Jafza’s retail volumes rise 10.6% to reach AED37.6b

DUBAI / WAM Jebel Ali Free Zone (Jafza) has recorded 10.6 percent growth in the retail and e-commerce sector with a total trade value of AED37.6 billion despite the sudden challenges facing both regional and global economy. More than 1,000 companies from 96 countries play a pivotal role in Jafza’s retail and general trading sector. Approximately 39 percent of these ...

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Google to invest $10bn in India digitisation push

Bloomberg Google said it plans to spend $10 billion over the next five to seven years to help accelerate the adoption of digital technologies in India. Sundar Pichai, the CEO of parent Alphabet Inc., made the announcement at the annual Google for India event via video conference. He said the coronavirus outbreak has made clear importance of technology for conducting ...

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Oil plunges on signs that Opec+ preparing to ease output curbs

Bloomberg Oil edged lower ahead of an Opec+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in many parts of the world. Futures in New York fell below $40 a barrel. The producer bloc will review the state of the market at an online meeting on ...

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