Earlier this month, Elon Musk made an unsolicited bid of $43 million for Twitter, citing better freedom of speech as a motivation.

Nakilat noted that earnings per share amounted to QR 0.07 in Q1 2022.

It is to ensure that he doesn’t get a controlling stake in Twitter.

Twitter's board said it would carefully review what it termed Elon Musk's ‘unsolicited, non-binding’ offer and decide on a course of action that was ‘in the best interest of the company and all Twitter stockholders,’ after the Tesla founder made an offer of $54.2 per share of the social-media platform.

Tesla chief offered $54.20 a share, which values the social media firm at $43.4 billion, in a filing dated April 13, with the Securities and Exchange Commission.

DEWA shares soared 19% in the first minutes of trading on Tuesday.

They are concerned about his influence on the company board.

The investment is worth $2.9 billion based on Friday's share price.

Tadawul, the Saudi stock exchange, has barred three companies from trading in shares over their failure to issue financial statements for 2021.

The firm made a strong debut on the Saudi stock exchange on Mar 22.

Evergrande and all its units halted trading in Hong Kong on Monday.

The group’s net profit stood at AED216 million in 2021.

Radwa Helmi made history on Saturday as the first woman judge to sit on the bench of Egypt's State Council, a top court in the Arab country. Egypt has hundreds of women lawyers but it took decades for one to move up the judicial ladder and become a judge.

The move is said to be conducive to strengthening the regulatory environment of the cooperatives sector and driving their economic returns.

Moody's has termed the share transfer of Saudi Arabia’s Aramco to the Public Investment Fund as credit positive as it increases the fund’s assets under management. 

The transfer was part of Saudi Arabia’s long-term strategy to support the restructuring of its economy, in line with Vision 2030.

The company aims to cut emissions by 50 percent by 2030.

Abu Dhabi Ports Group has raised $1.1 billion from a share sale a day before it is to list on the emirate’s stock market. The firm is owned by sovereign wealth fund ADQ. The proceeds will be used to “accelerate local and international expansion plans.

This is the company's highest profit since its inception.

Gas Arabian Services and Obeikan Glass will make debut on the parallel market.

It has become the first US company to reach that valuation.

Central Bank will acquire the Societe Generale Bank Jordan.

International Holding Company has formally agreed to the merger.

Around 22.26 million shares were sold for €400 each.

Extremists are abusing its new photo-sharing rule.

Tadawul is looking to raise up to $1 billion from its initial public offering (IPO), after setting the price range per share between SR95 and SR105.

Investment Holding Group Q.P.S.C. has signed a share swap contract with the sellers of the shares of Elegancia Group LLC as part of its acquisition of the company.

Taleem Holdings is one of the largest education providers in the Middle East.

A consortium will hold the Arena shares in a 70:30 ratio.

Egypt is looking to increase the share of renewable energies to over 42 percent by 2035, after the country reached 2022’s target for boosting renewables to 20 percent early this year.

Shares of Al Rajhi Bank gained three percent in today’s trading session, touching its highest level in 15 years. The share was trading at SR135.20 in the morning session.

ACWA Power shares can be traded on Tadawul from Monday.

The market value of Aramco has exceeded $2 trillion after its shares vaulted to their highest level since the start of 2020.

The company expects to sell 30 percent of its shares in the offering.

The company expects to raise more than $1 billion from the public offering, valuing the company at about $10 billion.

Nearly 75 percent of banks expect tech giants such as Google and Amazon to dominate the banking industry in five years' time, a report said.

The initial price is set at AED2.30 (around $0.63) per share.

The Combined Offering results in proceeds of $1.64 billion for ADNOC ADNOC will retain at least a 70 percent strategic stake in ADNOC Distribution ADNOC raises $1.64 bn in combined offering of ADNOC Distribution shares and issuance of exchangeable bonds attracting FDI into UAE Abu Dhabi National Oil Company (ADNOC)...