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Business
Goldman Sachs accused of bullying culture in £1 million lawsuit
A former Goldman Sachs International employee, Ian Dodd, who served as the global head of recruiting from 2018 to 2021, has lodged a £1 million lawsuit in London, accusing the esteemed…
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Amid political turmoil, Pakistan’s currency faces historic low
Amidst a backdrop of economic fragility and reliance on foreign aid, Pakistan’s currency, the rupee (PKR), has once again fallen dramatically against the US dollar, marking a…
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Belgium’s €22 billion bond sale signals low bank rate frustration
In a historic move, Belgium has successfully raised a staggering €21.9 billion ($23.65 billion) from retail investors through a bond sale, eclipsing previous records and signaling the…
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Eni signs off on $7.7 billion to advance Egypt’s energy agenda
Italian energy leader Eni has declared plans to invest an impressive $7.7 billion in Egypt’s energy sector over the next four years, as announced by Ahmad Fahmi, the spokesperson for …
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Abu Dhabi’s registration authority fines KPMG for audit violations
Abu Dhabi Global Market’s Registration Authority (RA) has levied a $30,000 fine against KPMG Lower Gulf Limited for substantial audit shortcomings. The penalty comes after a detailed…
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DP World secures majority stake in Turkey’s pivotal Evyap Port
In a strategic move aimed at enhancing global trade infrastructure, DP World has acquired a 58% equity stake in Turkey’s Evyap Port. The partnership will focus on bolstering container…
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Innovative technologies fuel Dubai’s renewable energy ambitions
The 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park is closing in on completion, promising to provide clean energy for around 320,000 homes. This significant advancement…
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Egypt to expand Zohr field with 25 new wells
Egypt is aggressively expanding its natural gas exploration activities, earmarking a robust $1.9 billion for drilling 45 new exploratory wells in the Mediterranean and Nile Delta…
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European Union sees trade surplus after six quarters of deficit
After a string of six quarters in the red, the European Union’s trade balance has swung back into surplus, largely attributed to a dip in energy prices. This is as per the findings from…
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President Lula’s $347.5 billion growth plan for Brazil emphasizes ecological transition
Brazil’s “growth acceleration” plan, known as PAC, has been reintroduced, with a projected 1.7 trillion reais ($347.5 billion) in investments. This new initiative is set to leverage an…
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