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Mubadala and EQT to buy global pharmaceutical supply chain solutions company Envirotainer
Mubadala Investment Company, Abu Dhabi’s strategic investment arm, and EQT Private Equity have agreed to acquire Envirotainer, a global...
JP Morgan boss warns US is approaching economic 'hurricane'
Jamie Dimon, chairman and chief executive of JP Morgan Chase, described the challenges facing the US economy as akin to a “hurricane”...
Global economy on the brink of recession, IIF says
The global economy is "teetering on the brink of recession" as the war in Ukraine, Covid-19 lockdowns in China and a hawkish US Federal...
Saudi Arabia's oil revenue expected to rise 66% to $249bn
Saudi Arabia’s oil revenue is expected to jump about 66 per cent this year to about $249 billion amid surging crude prices that will...
McDonald’s to sell its Russian business, try to keep workers
McDonald’s said Monday that it has started the process of selling its Russian business, which includes 850 restaurants that employ 62,000...
Saudi insurers quarterly profits dragged down by higher claims
Two of the Saudi-listed major insurers have reported losses in the first quarter of 2022, driven by higher claims, revealed their earning...
Sri Lanka advised to restructure debt before IMF loan talks
Sri Lanka, which is grappling with ballooning liabilities and soaring inflation amid its worst economic crisis in decades, needs to...
Saudi Arabia: Fire breaks out at Jeddah oil depot ahead of F1 race weekend
A fire erupted at an oil depot in the Saudi city of Jeddah on Friday, ahead of the F1 Grand Prix race scheduled to take place there -...
Sri Lanka faced solvency issues on unsustainable debt, IMF says
Sri Lanka faces “solvency” issues because of risks stemming from unsustainable debt levels that jeopardise the nation’s economy, the...
UK borrowing higher than expected in February
Britain’s government borrowing was higher than expected in February as the gap between spending and tax receipts hit £13.1 billion, while...











