Browsing Category
Business
Telecom Egypt to obtain $500 million financing from 11 banks
Telecom Egypt has signed a financing agreement with 11 allied banks to obtain a $500 million medium-term syndicated loan.
The banks involved in the transaction include First Abu Dhabi Bank, Mashreq Bank, Bank of Jordan, and the Arab Bank…
Read More...
Read More...
QatarEnergy signs deal with ExxonMobil Canada on farm-in exploration license
QatarEnergy has signed a deal for a 40 percent stake in one of ExxonMobil’s major offshore explorations in Canada, the Qatar state-owned oil and gas firm said on Sunday.
The deal marks QatarEnergy’s first foray into offshore exploration…
Read More...
Read More...
STV eyes $1 billion for its second middle east tech fund
STV, a venture capital firm started by ex-Google executive Abdulrahman Tarabzouni, is looking to raise at least $1 billion for its second Middle East technology investment fund, making it potentially the biggest fund of its kind in the…
Read More...
Read More...
Barclays third quarter profit doubles amid global merger frenzy
Barclays reported on Thursday a doubling of third-quarter profits, beating market expectations, as it followed Wall Street rivals in reaping bumper investment banking fees from a surge in advisory mandates and equities trading.
The…
Read More...
Read More...
UK gets over 48 billion pounds demand for second green gilt
Britain received over 48 billion pounds ($66 billion) of demand within half an hour of opening order books for its second green government bond, a month after its first green gilt drew a record 100 billion pounds in demand from investors.…
Read More...
Read More...
Egypt’s Banque Misr to launch its first Riyadh branch by the end of 2021
Head of Egypt's Banque Misr is hoping to launch the bank’s first branch in Riyadh by the end of this year, he said in an interview with Al-Arabiya.
Mohamed El-Etreby said that talks are taking place regarding the organisation of work of…
Read More...
Read More...
Netflix profits jump 180 percent to about $1.5 billion
The US broadcasting service, "Netflix," announced today, Wednesday, that its net profit jumped nearly 180 percent, on an annual basis, during the third quarter of the current fiscal year, to record 1.449 billion dollars.
Moscow -…
Read More...
Read More...
Britain extracts precious metals from old phones and computers
The UK's precious metals will be mined from discarded electronic devices such as cell phones and laptops thanks to the introduction of new technology, according to the Royal Mint.
"The Royal Mint has signed an agreement with Canadian…
Read More...
Read More...
Market’s ‘negative’ response to Saudi Building Code is temporary
The recently amended and implemented Saudi Building Code has slowed down the market, but experts and stakeholders see this downturn as a transitory period.
Ali Al-Saif, CEO of Tabuk Cement Co., said the negative impact is temporary and…
Read More...
Read More...
Subscription for Egypt’s e-finance IPO closes
The subscription period for the initial public offering of Egypt’s e-finance for Digital and Investments ended on Sunday.
The period started on Oct. 10, with a maximum price of $0.89 per share.
The state-owned company is offering 1.61…
Read More...
Read More...