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Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

KNPC warns people not to fall for ‘dubious’ online ads

The company would take legal action against those involved in such ads to safeguard its rights and to protect people from lies.
By TRENDS Desk
December 11, 2021 5:53 pm
  • The company's Deputy CEO for Administrative and Commercial Affairs and Official Spokesman Ahed Al-Khrayef said unknown entities have recently posted ads
  • "These ads are totally divorced from reality, and the company has nothing to do whatsoever with these ads," he affirmed

Kuwait National Petroleum Company (KNPC) has denied offering shares for trading, warning social media users not to believe in some “dubious” online advertisements illegally using the company’s name.

Speaking to KUNA, the company’s Deputy CEO for Administrative and Commercial Affairs and Official Spokesman Ahed Al-Khrayef said unknown entities have recently posted ads inviting investment and profiting by buying the company’s stakes.

“These ads are totally divorced from reality, and the company has nothing to do whatsoever with these ads,” he affirmed, underling that the KNPC is fully state-owned and its shares are not for sale.

He cautioned that the company would take legal action against those involved in such ads only to safeguard its rights and to protect people from such lies.

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