Business
Bloomberg LP has told employees based in Gulf countries, including those at its regional headquarters in Dubai, that they may temporarily relocate and work from outside the region as Iranian attacks continue to escalate, according to a company spokesperson speaking to Reuters. The move makes Bloomberg......
The Moroccan Exporters Association (ASMEX), in partnership with the West London Chambers of Commerce, is organizing a B2B mission in London to meet qualified buyers and explore concrete business opportunities. The commercial mission is scheduled from May 11 to 14 and will include targeted B2B meetings,......
American banking giant Citi has evacuated its offices in Dubai, United Arab Emirates, following threats from Iran targeting U.S. and Israeli economic centers in the Gulf region. According to a banking source, employees were instructed to leave Citi’s offices located in Dubai International Financial......
Australian mining giant Rio Tinto has secured a $1.175 billion financing package from four international lenders to support the development of its Rincon lithium project in Salta province, Argentina. The funding comes from the International Finance Corporation, IDB Invest, Export Finance Australia, and......
India's restaurant and hospitality sector is facing severe disruptions as cooking gas supplies dwindle due to tensions in the Middle East. The ongoing conflict involving Iran has affected shipping in the Gulf and the Strait of Hormuz, raising fuel costs and limiting deliveries of liquefied petroleum......
Brazilian pharmaceutical company EMS is seeking to expand its international presence following the acquisition of the Brazil-based Sanofi unit, Medley, for more than $500 million. The deal strengthens EMS’s leadership position in Latin America’s generics market and positions the company for......
The Moroccan fintech company Cash Plus has introduced a new mobile payment solution based on QR code technology, marking another step in the digital transformation of local commerce across the country. The system, which became operational in January 2026, is designed to simplify everyday transactions......
Dassault Aviation has introduced its newest long-range business jet, the Dassault Falcon 10X, marking a significant milestone in the company’s strategy to compete in the high-end private aviation market. The aircraft was officially presented at the manufacturer’s facility in Mérignac,......
Bank of America is reinforcing its presence in the technology dealmaking market by recruiting four experienced bankers from major financial institutions, according to internal communications reviewed by media outlets. The move reflects the bank’s broader strategy to expand its influence in technology-related......
The ongoing conflict in the Middle East and the recent surge in global oil prices are significantly affecting the operations of Transavia, the low-cost airline belonging to the Air France-KLM group. Company executives say the situation is creating both operational and financial challenges for the airline. Transavia......
Several major Wall Street banks have offered employees in the United Arab Emirates the option of temporarily relocating as missile and drone attacks linked to the conflict involving Iran continue to affect the Gulf region. Goldman Sachs, Morgan Stanley and Citigroup have informed staff in the UAE that......
Volkswagen said it expects its operating margin to improve to between 4.0 percent and 5.5 percent in 2026 after a challenging 2025 marked by tariffs, rising competition from Chinese automakers, and the high cost of shifting toward electric vehicles. The German carmaker reported an operating margin of......
Leadership changes in the global energy sector are drawing attention as a senior executive from BHP Group is reportedly being considered for the top position at Woodside Energy. According to industry reports, Geraldine Slattery, president of BHP’s operations in Australia, is among several candidates......
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