Jefferies Expands Into Saudi Private Credit
Jefferies Financial Group Inc. is making its first foray into Saudi Arabia’s private credit space, leading a $125 million financing deal for finance s
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FedEx Layoffs in Texas: Key Facts from Recent Reports
FedEx to cut 856 jobs in Coppell, Texas, due to a client relocation, with layoffs starting January 2026 and site closure by April 2026.
DHL to pour €130 million ($150 million) into massive new logistics hub in Riyadh
Deutsche Post DHL Group has announced it will invest €130 million (around $150 million) to build a state-of-the-art logistics
Saudi Egyptian Investment Company Earns $236 Million from Alexandria Container Handling Deal
Saudi Egyptian Investment Company made $236M profit selling its stake in Alexandria Container Handling to Abu Dhabi Ports for $363M.
Starbucks Sells Controlling Stake in China Operations to Boyu Capital in $4 Billion Deal
Starbucks sells a 60% stake in its China operations to Boyu Capital for $4B, retaining 40% and brand rights in a joint venture.
Shell Reports Strong Profit Increase and Distributes More Funds to Investors
The profit increase is attributed to higher sales volume and trading margins.
Amazon to Lay Off Up to 30,000 Corporate Employees
Amazon plans to lay off up to 30,000 corporate staff, citing AI efficiency, after cutting 27,000 jobs in 2023 amid economic concerns.
MultiBank Group and Khabib Nurmagomedov Launch Groundbreaking Multi-Billion-Dollar Joint Venture for Regulated Sports Ecosystem
MultiBank Group and Khabib Nurmagomedov launch a Dubai-based, multi-billion-dollar sports and digital assets venture using the $MBG token.
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