Abu Dhabi saw inflation rise by 3.2% in the first quarter of the year. That’s compared to figures from the same period in 2015, according to data released by Statistics Centre , Abu Dhabi. The Consumer Price Index for January to March shows that housing, water, electricity, gas and other fuels accounted for the largest increase, rising 7.7%. Food and beverage rose by 1.6%, whilst the falling oil prices led to transport costs dropping by 6.6%.
UAE and Benin exchange CEPA in Abu Dhabi
The UAE and Benin exchanged a Comprehensive Economic Partnership Agreement on Sunday aimed at significantly expanding trade and investment between the two countries.
ADNOC unlocks over AED 60 billion in UAE manufacturing opportunities
ADNOC announced on Sunday more than AED 60 billion in local manufacturing opportunities through to 2030, alongside changes to its procurement and supplier systems.
Ambani's Jio becomes most subscribed Indian IPO
Bids for billionaire Mukesh Ambani's first IPO in 20 years topped $77 billion on Friday, making Jio Platforms India's most subscribed stock offering as it surpassed the 2008 issue of Reliance Power, part of his brother Anil's group.
Apple launches into foldable market as iPhone Duo sales begin
Sales of Apple's first folding phone, the iPhone Duo, began on Friday, with market watchers betting on whether the device can reinvent the small foldables market in the same way the iPhone did for smartphones.
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