Oil surges as U.S. bans
Russian Crude
Oil prices settled around 4% higher on Tuesday as the United States banned Russian oil imports this decision is expected to further disrupt the global energy market where Russia is the second-largest exporter of crude.Oil prices have surged more than 30% since Russia invaded Ukraine, and the United
Google to buy Mandiant
for US $ 5.4 B
Google said on Tuesday it would buy cybersecurity firm Mandiant Inc for $5.4 billion in cash as its cloud business skyrockets.Google’s offer of $23 per share is at a premium of about 53% to Mandiant’s stock price before a report that said Microsoft Corp was also eyeing a deal to buy the
Russian Banks rush to switch to Chinese Card System
Several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator’s system coupled with Russia’s own Mir network, after Visa and MasterCard said they were suspending operations in Russia.Announcements regarding the switch to UnionPay came o
KPMG and PwC to exit Russia
Two of the Big Four accounting firms KPMG and PwC said they will no longer have a member firm in Russia due to the country’s invasion of Ukraine.The auditing and consultancy giant KPMG said its Russia and Belarus firm will leave the KPMG network, a move that will affect over 4,500 partners and
Bank Audi Closes Over 30 British-Held Accounts after uk Ruling-Depositors’ Group
Lebanon’s Bank Audi has closed more than 30 accounts belonging to UK nationals or their close relatives since a London court ordered it to transfer funds stuck in the crisis-hit banking sector to a British client, a depositors’ union said. The Feb. 28 order requiring Bank Audi and its pe
Oil surges to Multi-Year Highs as Russian Supply Shortfall Looms
Oil surged on Friday, ending the week at multi-year highs as Russia’s invasion of Ukraine intensified and oil buyers shunned barrels from the world’s second-largest exporter of crude. Crude prices posted their largest weekly gains since the middle of 2020, with the Brent benchmark up 21%
Maersk curbs Belarus Cargo due to Ukraine Sanctions
Shipping and logistics group Maersk will sharply curtail its transport of goods to Belarus to comply with sanctions over Russia’s invasion of Ukraine, it said on Friday.
اتفاق شركة دار التكافل والشركة الوطنية للتكافل على صفقة الاندماج
توصل مجلس إدارة شركة دار التكافل ش.م.ع. (“دار التكافل”) والشركة الوطنية للتكافل (وطنية) ش.م.ع. إلى اتفاق بشأن صفقة الاندماج المحتمل بين الشركتين (“الاندماج”)
Ukraine War Bonds that pay 11% are a Risky Bet Investors want to Buy
Ukraine’s first batch of war bonds came with the promise of a double-digit payout and significant risk. Some retail investors were more than happy to take it on. War bonds have been used by governments to finance military spending for years. The U.S. financed its World War I efforts through th