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Japan’s Toyota suspends operations at Russia plant
Toyota said Thursday it would suspend operations at its only factory in Russia and stop shipping vehicles to the country, citing "supply chain disruptions" linked to Moscow's assault on Ukraine.
The world's top-selling carmaker said its…
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UK court orders Lebanese banks to pay $4m to saver
A London court has ordered two Lebanese banks to pay a depositor $4 million of his money locked in Lebanon’s crippled banking system by informal capital controls in place since a financial meltdown in 2019, the first such ruling in Britain.…
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CEO of Gulf Capital: We are looking forward to investments worth $250 million in Egypt
The CEO of the UAE "Gulf Capital", Karim El Solh, said that the company is looking forward to investments worth $250 million in Egypt.
Gulf Capital, one of the leading companies in the field of alternative investments in growth markets,…
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An unprecedented rise in oil prices during today’s trading
Today, Wednesday, the price of Brent crude reached the threshold of 113 dollars a barrel, while the price of West Texas Intermediate crude jumped by more than seven percent.
The "Arab Energy" platform, which specializes in energy affairs,…
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Yellen: G7 will seek to seize assets of key Russian elites
The Group of Seven major economies will convene a task force to focus on freezing and seizing assets of key Russian elites as it aims to put further pressure on Russia after its invasion of Ukraine, US Treasury Secretary Janet Yellen said…
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Abu Dhabi’s Mubadala and Qatar Investment Authority holding on to Russian assets for now
Despite a slump in the Russian market triggered by the ongoing war in Ukraine, Abu Dhabi’s Mubadala Investment Co. and Qatar Investment Authority, or QIA, have decided to hold on to Russian assets worth billions of dollars, Bloomberg…
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PIF-backed Lucid targets 150k EVs a year from its first $3.4bn Saudi plant
Lucid Group, in which Saudi Public Investment Fund holds a major stake, signed agreements for its first Saudi plant to produce electric vehicles with a value of $3.4 billion.
The company signed agreements with the Ministry of Investment…
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Rouble Plunges 20% due to SWIFT Blow to Russia
The Russian rouble plunged nearly 20% to a new record low versus the dollar on Monday and the euro sank more than 1% after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine, including blocking…
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Suez Canal Raises Tolls by up to 10%
The Suez Canal Authority (SCA) said, today, Sunday, that it has increased the fees for the passage of laden and ballast ships by up to 10%, as of March 1.
This comes in line with the significant growth in global trade, the improvement of…
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The Saudi Ministry of Commerce recalls 109 Mercedes trucks due to accidents
The Saudi Ministry of Commerce has recalled 109 Mercedes Actros trucks of the year 2021, after several accidents occurred due to a technical defect.
And the newspaper "Al-Ahsa" quoted the ministry as saying that the cause of accidents is…
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