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Smart Dubai launches new ‘Zakat’ service on DubaiNow App

Dubai / WAM Smart Dubai announced it collaborated with the UAE Zakat Fund to launch a new and secure Zakat payment service on the government service application DubaiNow in time for the Holy Month of Ramadan. The new service allows users to calculate their Zakat amount per Islamic Sharia law, and then pay the full amount or part of it. ...

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Gas is new coal with risk of $100b in stranded assets

Bloomberg Natural gas is falling out of favour with emissions-wary investors and utilities at a quicker pace than coal did, catching some power generators unaware and potentially leaving them stuck with billions of dollars of assets they can’t sell. Citigroup Inc and JPMorgan Chase & Co are among the banks that strengthened their financing restrictions on thermal coal under pressure ...

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London needs a tech IPO hit to forget Deliveroo debacle

London is finally getting a proper test of its appetite for loss-making, high-growth technology stocks. The impending initial public offering of cybersecurity startup Darktrace Plc fulfills many of the criteria that much-hyped Deliveroo Holdings Plc didn’t, but investors are still being asked to overlook some issues that would likely be less of a concern in the US. Deliveroo’s experience made ...

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