RIYADH: Abu Dhabi Ports Group has expanded its operational capacity with the acquisition of Spain’s APM Terminals Castellón for €10 million ($10.93 million) through a subsidiary. The deal was carried out by Noatum Terminals, the operations division of the Noatum Group, a fully-owned unit of the Emirati holding company. The takeover is aimed at modernizing … Read more
WASHINGTON/EAGLE PASS: US border patrol and several states have found themselves overwhelmed lately, lacking resources to manage the thousands of migrants arriving from Mexico every day — a crisis that has exposed President Joe Biden to intense attacks from his Republican opponents. Border officials have in recent weeks counted some 10,000 daily crossings — an … Read more
RIYADH: Lebanon’s steep economic distress has led US-based Moody’s Investors Service to uphold its rating to “C” in light of its bondholders’ losses likely to exceed 65 percent. According to Moody’s, the rating reflects the losses incurred due to Lebanon’s ongoing default since March 16, 2020. The country has steeped in an economic, financial and … Read more