TikTok faces a deadline to divest from its Chinese owner or be banned in the US.
Riyadh, Saudi Arabia -- Saudi Arabia's poultry sector has reached complete self-sufficiency in table egg production, with output surpassing 8...
New York, United States -- Two months after accusing India's Adani Enterprises of fraud, US investment group Hindenburg Research launched...Block, founded by former Twitter boss Dorsey in 2009, used to be called Square before being renamed in late 2021.
The tech company operates financial transactions, ranging from payments to merchants to payments between individuals.
Lebanon and the IMF reached a conditional agreement in April 2022 on a $3-billion-dollar loan needed to save the country's...The IMF had conditioned the funds on unifying the country's plethora of exchange rates and a reformed bank secrecy law as well as restructuring the banking sector.
Lebanon's meltdown has pushed most of the population into poverty while the political elite, widely blamed for the country's financial collapse, has failed to take action.
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.
- 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 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.
- 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.
- 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.
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
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.
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
