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Business
Cocoa prices surge as bad weather hits West Africa crop yield
Cocoa futures prices have surged more than $1,000 or nearly 40% since the start of the year to hit an all-time high of $5,874 per metric ton. This significant spike is attributed to …
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Edge, Turkish Aerospace forge partnership at World Defence Show
At the prestigious World Defence Show in Riyadh, Saudi Arabia, today, EDGE, a global leader in advanced technology and defense, and Turkish Aerospace, a prominent Turkish aerospace and…
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Aldar’s AED22 billion contracts boost UAE companies
Aldar Properties (“Aldar”) has disclosed the allocation of 49 contracts, totaling AED22 billion, for a spectrum of projects encompassing infrastructure, residential, commercial, and…
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Adnoc Distribution hits $1b EBITDA milestone in 2023
ADNOC Distribution, a leading fuel distributor, has unveiled its financial results for 2023, achieving a significant milestone by surpassing $1 billion in earnings before interest, tax,…
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PM Modi reshapes India’s economic trajectory
Prime Minister Narendra Modi’s tenure witnessed a paradigm shift in India’s economic landscape, catapulting the nation to the ranks of the world’s fifth-largest economy. This monumental…
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Tech industry sees 32,000 job cuts in ongoing layoff wave
In a continuation of an unsettling trend, the tech industry is facing yet another wave of job cuts, further exacerbating the repercussions of widespread layoffs from the previous…
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MENA witnesses $10.7 billion from 48 IPOs in 2023
The Middle East and North Africa (MENA) region experienced a remarkable surge in initial public offerings (IPOs) in 2023, with a total of 48 listings raising an impressive $10.7 billion…
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Snap Inc. announces 10% workforce reduction, impacting 500 jobs
In a significant strategic move, Snap Inc., the parent company of Snapchat, has announced its intention to reduce its global workforce by 10%. This decision will result in the…
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Modi’s visionary policies propel India to target 8% GDP growth
India is on the cusp of achieving remarkable annual GDP growth of up to 8% for the foreseeable future, primarily driven by substantial strides in its manufacturing capabilities. Union…
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Deutsche Bank to slash 3,500 jobs amidst $4.5 billion profit
In a surprising move, Deutsche Bank has declared its intention to cut 3,500 jobs as part of a broader strategy to trim costs by 2.5 billion euros (USD 2.7 billion) within the coming…
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