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FinMin posts AED 24.6 bn budget surplus in 4Q 2024
Revenues hit AED 155.9 bn while expenditures amounted to AED 131.3 bn for the quarter
Behind the BTC surge
Is “the halving” driving BTC’s surge? There are as many theories about what has driven BTC north of USD 72k…
Stock market rallies convince analysts of global risk reset
The S&P 500 hit another record high yesterday as traders looked past a US inflation report that saw prices rise…
Private equity grapples with USD 3 tn worth of unsold companies
The private equity industry is facing a severe liquidity crunch, with firms globally sitting on a whopping 28k unsold companies…
Aramex sets up regional HQ in Riyadh + HK’s Infiniti Capital Management opens Abu Dhabi office
Aramex first announced plans to set up a regional HQ in Saudi Arabia in 2021
An almost record year for Saudi Aramco, despite waning oil prices and production cuts
Saudi’s Aramco recorded its second-highest annual net income ever in 2023, despite falling 25% y-o-y to USD 121 bn on…
Markets rally on hopes of a June rate cut
Investors anticipate a June rate cut after Powell’s comments
Infini Capital to manage ADGM Asian hedge fund
The Hong-Kong based Infini Capital secured preliminary approval to manage the fund
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