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Walmart’s Jet to cease its NYC fresh grocery business

Bloomberg Walmart Inc’s Jet subsidiary is ending its fresh-food delivery business just a year after introducing the service in New York City, another sign that the urban-focussed site is scaling back. The retailer will close a warehouse in the Bronx it was using to prepare orders and also let some drivers go, resulting in the loss of between 200 and ...

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UAE contributes AED367mn to UN’s ‘response plan’ in Yemen

ABU DHABI / WAM Under the framework of the UAE’s efforts to support the Yemeni people, the country has contributed AED367 million, equivalent to $100 million, to the United Nations Humanitarian Response Plan in Yemen 2019, bringing the total aid contributed by the UAE to over AED22 billion. Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, signed ...

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GCC insurance market set to grow $36.1bn in 2024

Dubai / Emirates Business Alpen Capital Limited, Dubai-headquartered investment banking advisory firm, announced the publication of its latest report on the GCC Insurance Industry for the year 2019. The report provides a comprehensive overview of the GCC insurance sector and outlines the recent trends, growth drivers and challenges in the sector. It also profiles some of the prominent insurance companies ...

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