Aramco acquires 70% stake in SABIC for $69.1 bn
The payments will be funded in part by four bonds issued by Aramco to the PIF...
Tag : Middle East
UAE central bank expects recovery of economic activities in H2
It also expects the stimulus packages announced by the government to have high impact...
Saudi Arabia uses blockchain to transfer funds into local banks
The move was a part of the Saudi central bank’s plan to explore latest technological innovation...
UAE-based Fintech TPAY Mobile acquires 100% stake in Turkey’s Payguru
The deal is subject to the approval of the Central Bank of the Republic of Turkey and the Competition Authority...
Bank of America acquires 1.51% stake in Emirates NBD
The deal is expected to cost around Dh900 mn...
UAE’s economy to contract by 4.5% in 2020: World Bank
Economy to recover and grow by 1.4% next year...
DIFC invests in four startups as part of $100 million fintech fund
The authority seeks to support companies looking to expand into the Middle East, Africa and South Asia...
Mubadala Investment to buy 1.85% stake in Reliance Jio for $1.21 bn
So far, Reliance has sold a combined 19% interest in Jio...
GCC nations to face the worst economic crisis in history, warns IIF
GDP of GCC nations to contract 4.4% this year...
Virgin Mobile appoints Saudi CEO, aims for market growth
Virgin Mobile appointed Eng. Yaarob Al Sayegh as the company’s first Saudi CEO...