Singapore’s Petrozo Energy setting up Sharjah base to target Middle East
Sharjah, UAE – Petrozo Energy, a leading Singapore-based oil and gas company, has announced a plan to establish a new...Business
UAE bodies sign MoU to establish general framework for IPOs
Dubai, UAE -- The Securities and Commodities Authority (SCA) and the Abu Dhabi IPO Fund (ADIPOF) have signed a Memorandum...The MoU was signed by Securities and Commodities Authority and the Abu Dhabi IPO Fund.
The MoU aims to increase the number of IPOs, support local financial markets, and promote the country's economic stability.
MBRSC, e& enterprise ink MoU
MoU will be mutually beneficial to both organizations.The MoU will enable e& enterprise to leverage MBRSC's expertise in AI.
MBRSC will benefit from e& enterprise’s resources and capabilities.
Presight to list on 27 Mar
Presight IPO received $496 million. It was oversubscribed 136 times.Presight offered 1.35 billion shares, equivalent to 24.24 per cent of the company’s paid-up capital.
Presight reported a 35 percent rise in net profit for 2022 to reach $147 million, while its revenue increased by 63 percent to reach $265 million.
Toshiba accepts $15bn buyout bid
The acceptance follows years of turmoil for the company.A consortium led by investment fund Japan Industrial Partners will be taking over Toshiba.
Toshiba produces everything from rice cookers to medical equipment and nuclear plants.
SATORP 2022 net profit $2.39bn
Improved refining, petrochemicals margins behind profit rise.The company’s revenue increased by 84 percent to 76.84 billion riyals in 2022, compared to 41.71 billion riyals the previous year.
Total share holders’ equity reached 14.47 billion compared to 4.3 billion in 2021, the bourse statement said.
American celebrities Lindsay Lohan, Jake Paul charged for touting crypto
The charges come as part of a case targeting entrepreneur Justin Sun for manipulating crypto trading on his platform. The...The charges come as part of a case targeting Justin Sun for marketing Tronix and BitTorrent crypto assets without registering with the relevant authorities
Without admitting or denying their guilt, Lindsay Lohan and Jake Paul agreed to pay $40,670 and $101,887 in restitution and fines respectively
Egypt and World Bank agree US$7bn, five-year partnership
Cairo, Egypt--The World Bank has approved a new $7 billion partnership agreement with Egypt for 2023-2027 with a focus on...According to the World Bank statement, the program will help create a level playing field for the private sector and to encourage investment and improve resilience to shocks
Over the past year, Egypt's economy has been under severe pressure, after the fallout from Russia's invasion of Ukraine exposed underlying problems.
Trade between Qatar and Russia reached $143m in 2022: Qatar Chamber
Doha, Qatar - The volume of trade exchange between Qatar and Russia reached QR 566 million ($143 million) in 2022,...Qatar is one of the largest foreign investors in Russia from the GCC region, Qatar Chamber board member Eng. Ali Abdullatif Al Misnad said
The Qatari and Russian entities signed more than 60 MoUs and agreements on investment and trade, sports, tourism and education
Credit Suisse demise puts question mark over lucrative sponsorship deals
The Swiss national football team, the country's top football division, tennis great Roger Federer, golf star Sergio Garcia and Zurich's...Golf and equestrian events also relied on Credit Suisse money, as did the Swiss Sport Aid Foundation, which backs talented young athletes in minority sports
Credit Suisse logo will stay on the national teams' training jackets and jerseys for as long as the bank exists, Swiss Football Association spokesman Adrian Arnold said
Qatar real-estate transactions vault to US$660 million in February
Doha, Qatar-- Qatar has recorded $660 million worth real estate trading in sale contracts during the month of February.The data...The real estate index shot up by 70 percent in February as against January 2023, while the value of real estate trading index vaulted by 79 percent
The value of Doha Municipality's transactions amounted to $260 million in the real estate market index for the month of February
