Toshiba Shares jump after Japanese Conglomerate opens Door to Buyout
Shares of Toshiba Corp jumped nearly 5% in Tokyo trade on Friday, after the embattled Japanese conglomerate said it would solicit deal offers, including on a potential buyout, bolstering hopes of a lucrative exit for its hedge fund investors. Toshiba, which has been locked in a years-long battle wit
بنك فلسطين يقر توزيع الأرباح على مساهميه بقيمة 26.1 مليون دولار
أقرت الجمعية العمومية لبنك فلسطين على توصية مجلس إدارة البنك بتوزيع مبلغ 26,094,067 دولار أميركي على المساهمين عن العام 2021، مقسمة كأرباح نقدية بقيمة 19,569,017 دولار ونسبتها
مجموعة فنادق ومنتجعات انتركونتننتال تطلق برنامج مكافآت للاحتفاء بضيوفها
مع عودة حركة السفر إلى سابق عهدها، وسعي العديد من الناس لتعويض ما فاتهم خلال فترة الإغلاق الناجم عن أزمة كوفيد-19، أطلقت مجموعة فنادق ومنتجعات انتركونتيننتال برنامج
Prada announce Strong Start to 2022 despite Russia, China Closures
Italian luxury group Prada posted strong results in the first four months of the year as its U.S. business offset the impact of suspending operations in Russia and coronavirus lockdowns in China, CEO Patrizio Bertelli announced. Bertelli added the Milan-based, Hong Kong-listed fashion house has no p
UAE Opens Borders with New Visa Options
For the first time, the UAE Cabinet has approved a number of new entry permits and visas that do not need a host or sponsor. People from around the world who are planning to visit the UAE– either for business, jobs, or pleasure – can now benefit from a variety of visa options. In addition, [&hel
Bahrain confirms Firm’s Talks to buy AC Milan for US $ 1.1 B
Bahrain’s government announced that a private equity firm based in the country is in “exclusive talks” to buy seven-time European champion AC Milan and become the Italian league’s first Middle East investor.Three days after news of the dealings emerged, Bahrain’s embassy to Britain
Bank Muscat posts Net Profit of RO 48.26 M for Q1 2022
Bank Muscat, the flagship financial institution in the Sultanate, has announced its preliminary unaudited results for the three months ended 31 March 2022. The Bank posted a net profit of RO 48.26 million for the period compared to RO 47.15 million reported during the same period in 2021, an increas
Rakuten Pay Online Payment Rolls Out on Uber Eats
Rakuten Group, Inc. and Uber Eats Japan Inc. announced the launch of a new collaboration integrating Uber Eats with Rakuten Pay’s online payment service, which utilizes the Rakuten ID system. Rakuten Pay will be available as an official payment method when ordering food and groceries on Uber Eats
Nexo and Mastercard launch First Crypto Backed Card
Crypto lender Nexo said it has teamed up with global payments company Mastercard to launch what it calls the world’s first “crypto-backed” payment card. It signals the latest move by crypto and incumbent financial networks to join forces as digital assets become more mainstream. Ne
GM Middle East Hits High Gear with 95% Reduction in Carbon Footprint
Through a series of green initiatives, GM Middle East is doubling down on decarbonization, saving 2,000 metric tons of carbon dioxide annually by 2024. By 2035, GM will have reduced CO₂ emissions by 24,000 metric tons in the UAE, equivalent to planting approximately 876,000 trees, also GM Middle E
