Russia turns to Chinese Microchips for Domestic Bank Cards
Russia is turning to microchip manufactures in China to evade western sanctions which have boosted demand for bank cards linked to the Mir payment system. Western sanctions imposed on Russia over its invasion of Ukraine have cut Moscow off the global financial system and from nearly half of its $640
Free Passes Available Now for iFX EXPO International 2022
Exclusively for Retail Brokers, Affiliates and IB’s for a Limited Time Only Registration is now open for iFX EXPO International with exciting opportunities for exhibiting and sponsorship. The best news of all however is that if you qualify for a P1 or P2 pass and you register before the 2nd
Oil drops 2% amid Russia Ukraine Peace Talks
Oil prices ended 2% lower on Tuesday as talks progressed between Russia and Ukraine to end their weeks-long conflict, though Moscow negotiators said a promise to scale down some military operations did not represent a ceasefire.
Amazon to open a Site Worth Over US $ 100 M in Turkey
Amazon said on Wednesday it will set up a logistics base in Turkey to meet rising demand, with a more than $100 million investment. It said the facility will create more than 1,000 jobs in its first year, and will support the domestic and export operations of the small- and mid-sized businesses that
Dubai’s Biggest IPO in 15 Years Seeks to Raise US $ 2.2 B
Dubai’s main power and water company is looking to raise as much as $2.2 billion in its initial public offering, in what would be the emirate’s biggest listing since DP World in 2007. The Dubai government plans to sell a 6.5% stake in Dubai Electricity & Water Authority, or 3.25 billion sha
2021 Watch Industry Market Insights
The main data of the watch industry during the year 2021 were recently published by Morgan Stanley, in this post you will be able to see how many watches were sold during the year by the brands and its average retail price. The two figures that immediately catch the eye are the watches produced by [
Crypto.com signs on as FIFA Sponsor, extending Push into Sports
FIFA has added Crypto.com as one of the sponsors for this year’s World Cup in Qatar, the latest step in the cryptocurrency exchange’s aggressive push into the world of top sports. “The company will be the exclusive cryptocurrency trading platform sponsor of Qatar 2022, FIFA said in a statement
Abu Dhabi to Strengthen Egypt Ties With Deals Worth US $ 2 B
An Abu Dhabi wealth fund agreed with Egypt to invest about $2 billion by buying state-held stakes in some companies, including the country’s largest listed bank. Part of the agreement with ADQ involves it buying about 18% of Commercial International Bank, said the people who asked not to be identi
Saudi Aramco announces US $ 110 B Profit in 2021
Aramco reported on Saturday that net income more than doubled year-on-year to $110 billion in 2021. The energy giant also announced its growth strategy, which in its upstream business includes continuing to raise crude oil capacity to 13 million barrels per day by 2027, and potentially increasing ga
Coral and Liquigas expansion opens the door to speculations and fake news
In the picture above: The Coral Oil Company Limited Board of Directors and Owners – From left to right Mr. Antonio Yammine, Mr. Edgar Yamin and Mr. Oscar Yamin “The truth behind the rise of a family business that supported the Lebanese energy sector in time of crisis” Despite the ongoing e