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Al-Bayan Magazine
Al-Bayan Magazine
Twitter to Accept Musk’s Original US $ 43 B Offer
Twitter is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla has called his “best and final” offer for the social media company, people familiar with the matter…
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,…
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,…
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…
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…
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…
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…
Twitter’s Top Shareholder Elon Musk decides not to join Board
Twitter Inc’s biggest shareholder, Elon Musk, has decided not to join its board, Chief Executive Parag Agrawal said late on Sunday. Musk, who calls himself a free-speech absolutist and has been critical of Twitter, disclosed a 9.1% stake on April…
3-year old wins BD 100 K Thimaar Quarterly Grand Prize
Ithmaar Bank, a Bahrain-based Islamic retail bank, presented the BD100,000 quarterly Thimaar grand prize for March to a three-year old Bahraini child, Husain Ali Mohamed.
Gulf States Push Yemen Peace Talks With US $ 3B Pledge
Gulf states pledged $3 billion to Yemen after the country’s president handed over powers to a transitional council, the latest effort by Saudi Arabia and its allies to disentangle themselves from a conflict that has hit their vital oil facilities.…
