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Financials & Economy
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Abu Dhabi Ghitha Holding reports US$1.35B revenue for FY 2024, marking 8.9% growth
The Group’s gross profit surged 25.8% year-on-year to US$266.2 million, supported by cost efficiencies, strategic acquisitions.
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Invictus reports 10% revenue growth in 2024, expands global presence to 54 countries
A major milestone was the acquisition of a 60% stake in Graderco, a leading grain and cereal trading firm in Morocco.
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Benson Hill files for Chapter 11 bankruptcy amid financial struggles
The company has secured approximately US$11 million in debtor-in-possession financing to support its operations.
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Louis Dreyfus Company reports US$50B in 2024 sales amid market volatility
Despite ongoing challenges, the company reported segment operating results of US$2.35 billion and EBITDA of US$1.88 billion.
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Soaring egg prices drive increase in U.S. consumer price index for baked foods, cereals
The major rise in egg prices has been attributed to the avian influenza outbreak.