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Business
Borouge opens offices in Kenya, South Korea
Leading petrochemical company, Borouge, known for its innovative polyolefin solutions, has announced the opening of new offices in Kenya and South Korea. This strategic move aims to…
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Goldman Sachs, Mubadala unite for $1B Asia Pacific investment
In a strategic move aimed at bolstering their presence in the burgeoning Asia Pacific market, Goldman Sachs and Mubadala Investment Company have inked a landmark $1 billion partnership…
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Ebay’s Web3 division cuts 30% of workforce amid speculation
Ebay, a major player in e-commerce, has reportedly made substantial changes within its Web3 division, resulting in a significant downsizing. Approximately 30% of the division’s…
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Egypt and UAE forge $150 billion investment partnership
In a groundbreaking move, Egypt and the United Arab Emirates (UAE) have inked a historic investment partnership agreement aimed at transforming the Ras al-Hikma peninsula, situated west…
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Digital customs transactions skyrocket by 72% in Abu Dhabi
The General Administration of Abu Dhabi Customs has reported a remarkable surge in digital customs transactions across the ports of the Emirate of Abu Dhabi in 2023. This surge amounted…
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European markets struggle; Barclays surges 7% on earnings
European stock markets experienced a lackluster performance on Tuesday, reflecting the ongoing struggle to uplift sentiment amidst global market uncertainties. The pan-European Stoxx…
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Israeli economy reels as GDP shrinks by 20% amid Gaza war
Israel’s gross domestic product (GDP) took a significant hit, contracting by nearly 20% in the fourth quarter of 2023, according to official figures released recently. This downturn…
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Beyond the ‘Magnificent 7’ Analysts eye shifts in market dynamics
A recent Deutsche Bank report has shed light on the staggering financial clout wielded by the U.S. tech giants collectively dubbed the “Magnificent 7.” These industry behemoths,…
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Sony’s stock plummets by $10 billion as PS5 sales forecast dips
Sony’s stock faced a staggering blow, shedding approximately $10 billion in value within the week, following the tech giant’s decision to revise down its sales forecast for the flagship…
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BRICS surge in millionaires to outpace G7 nations
A recent report by Henley & Partners forecasts an unprecedented 85% surge in the millionaire population within BRICS nations over the next ten years, marking the highest growth in…
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