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Business from Friday, February 7th, 2025
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Jebel Ali Port welcomes first vessel under Gemini Cooperation
DP World has welcomed the first vessel arrival at Jebel Ali Port under the landmark Gemini Cooperation – a strategic alliance between Hapag-Lloyd and Maersk aimed at enhancing the ocean freight network and global trade connectivity.
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Dubai Chambers, US Chamber of Commerce sign agreement
Dubai Chambers signed an agreement on Friday with the United States Chamber of Commerce, to strengthen trade relations and enhance ties between the business communities of Dubai and the United States.
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Wynn completes Al Marjan Island resort financing
Wynn Resorts Limited announced on Friday that Wynn Al Marjan Island has obtained a $2.4 billion construction facility with a global syndicate of lenders to finance the development of Wynn Al Marjan Island, the first integrated resort in the United Arab Emirates.
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India's central bank delivers first rate cut in nearly 5 years
The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday to provide stimulus to the sluggish economy, which is expected to grow at its slowest pace in four years in the current fiscal year.
