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Reddit raises USD 748 mn in its IPO, with trading beginning today
The company sold 22 mn shares in the offering
Islamic banks’ loans crossed the AED 700 bn mark last year
Shariah-compliant issuances handed out by Islamic banks climbed 7.8% y-o-y to AED 428.9 bn in 2023
Techos are the new telcos
Digital revenues and non-telecom related revenues are expected to play a bigger role in the sector’s revenues
President Mohamed bin Zayed Al Nahyan meets Angolan counterpart. PLUS: FinMin reps join Opec Fund Ministerial Council session
The two presidents discussed economy, trade, investment, development and renewable energy ties
KSA’s Public Investment Fund is reportedly in talks to acquire Saudia
The move would see PIF consolidating Saudia within its growing aviation portfolio
Masdar secures EUR 488 mn to fund Baltic Eagle wind farm acquisition, eyes acquisitions in India
The EUR 488 mn ticket is Masdar’s largest EUR-denominated financing
US investors, beware Chinese zombie companies
The US House of Representatives last week voted to give ByteDance six months to sell TikTok or face a ban…
Crypto rally spurs VC activity
Digital assets are seeing a bull run, with Bitcoin notching record highs over the past week
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