Business
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Indian billionaire Mukesh Ambani sets succession plan in motion
The 65-year-old billionaire Mukesh Ambani has begun the early phases of succession planning at his energy-to-technology giant Reliance Industries Ltd,…
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CyberSecurity – A Threat to the Digital Acceleration in the Middle East
Cybersecurity attacks are a persistent issue, particularly for Middle Eastern businesses and organizations. These threats can halt operations, damage a…
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LIC shares slump after debut as India’s biggest IPO
Shares of the state-owned Life Insurance Corporation of India (LIC) were set to open at an 8% discount from their…
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Insurance giant LIC opens IPO sale for investors
Institutional investors flocked to buy shares in India’s state-run insurance giant Life Insurance Corporation (LIC) in a $2.75 billion (£2.18…
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Citigroup in ‘Active Dialog’ about selling its Russian retail operations
Citigroup Inc.’s consumer and commercial banking operations in Russia are in “active dialogue” with possible buyers, according to Chief Executive…
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Netflix loses 200,000 subscribers in first quarter; blames competition, password sharing and Russia’s invasion of Ukraine
Netflix announced on Tuesday that it lost 200,000 paid customers in the first quarter, the first drop in over a…
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New digital laws put Dubai on top of the global market for digital assets
Dubai’s government authorities are now mandated by law to provide digital services to their citizens. Law No. (9) of 2022…
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Elon Musk acquires the highest stake in Twitter Inc – 9.2%, Twitter’s shares soar up 28%
Elon Musk disclosed on Monday that he had bought a 9.2% passive stake in Twitter Inc. Musk holds 73,486,938 shares…
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Vietnam’s Bamboo Airways to sign $2 billion deal with GE
Vietnam’s airline company Bamboo Airways to sign $2 billion deal with General Electric (GE) for GEnx engines to power Boeing…
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Baxter to acquire medical technology leader Hillrom for $12.4 billion
The multinational health care company Baxter to acquire medical technology leader Hillrom for $12.4 billion. Hillrom will bring complementing products…
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