Prosus set to sell Tencent shares to finance buyback program
Prosus will begin selling a massive 28.9% shares in the Chinese software giant, Tencent Holdings Limited, that is worth more...
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Australia’s Carsales.com to acquire 51% shares in U.S. firm Trader Interactive
Australian online auto classifieds firm, Carsales.com Ltd, said that it is set to acquire the remaining 51% stake in U.S.-based Trader...
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New passenger trains in the pipeline as UAE’s Etihad rail, Spain’s CAF sign USD327 million deal
Etihad Rail has signed a 1.2 billion Dirham (USD327 million) agreement to design, manufacture, supply and maintain the highly anticipated...
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New venture for 2022 : ViewSonic Invests in Metaverse for Education
ViewSonic Corporation is a leading global provider of visual solutions and will be showcasing its latest EdTech solution, UNIVERSE by...
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In new initiative, Saudi Arabia aims to raise digital transactions to 70 percent by 2025
The Financial Sector Development Program (FSDP) launched the FinTech Strategy Implementation Plan which aimed to position the Kingdom of Saudi...
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ECommerce set to influence USD 1 trillion Mena Retail Market, new data shows
According to a report, The Middle East and North Africa’s one trillion-dollar retail market is passing through a revolution as...
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BMW starts operations at new USD2.2 billion China plant to ramp up EV production
German luxury car maker BMW said on Thursday that the production has formally begun at a new plant in China...
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Moderna plans to build new vaccine facility in Britain to combat Covid-19
Moderna, Inc. the American pharmaceutical and Biotechnology company, will build a new research and manufacturing centre in Britain to develop...
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Indian skincare start-up Mama earth sets sights on USD3 billion valuation in 2023 IPO
The Sequoia Capital-backed Indian skincare start-up Mama earth is in talks to raise fresh funds of at least USD300 million...
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Qatar Airways posts record USD1.54 billion net profit in FY21-22
During the fiscal year 2021-2022, Qatar Airways Group recorded a net profit of USD1.54 billion. The state-owned airline’s overall revenue...
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