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Crypto Giant CoinBase Estimates $400 million Cyberattack Hit

Hong Kong Markets Bounce Back as China’s Biggest Pharma Aims for 1.27 Billion IPO

Saudi Aramco Bets on US Gas with NextDecade, Sempra Deals for 6.2m Tonnes of LNG

Indonesia Grapples with Business Backlash Over Tax Hike Ahead of 2024 Presidential Election

Rahil MFebruary 5, 20240396 views

Maulana Yusran, Secretary General of the Indonesian Hotel and Restaurant Association (PHRI), expressed frustration, stating that the timing of the tax hike hindered the industry’s recovery from the pandemic. As…

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Egypt’s Dollar Dilemma: High Inflation, Soaring Debt, and the Battle for Economic Stability

Rahil MFebruary 2, 20240387 views

The US dollar, a crucial currency for international transactions, has become increasingly scarce. Egypt, the Arab world’s most populous nation, finds itself in the midst of a severe economic crisis,…

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Novo Nordisk Surpasses $500 Billion Mark as Obesity Drug Sales Soar by 154%

Rahil MFebruary 1, 20240438 views

The shares of Novo Nordisk rose by 4% on Wednesday, settling at 1.2% higher, placing its market value at around $500 billion. Novo Nordisk, the Danish pharmaceutical giant, has reached…

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Kenya Grapples with Tax Revenue Challenges Amidst Investor Exemptions

Rahil MJanuary 31, 20240363 views

Since 2014, Kenya has implemented an array of tax incentives and exemptions, contributing to the observed fall in the country’s tax revenues. Kenya’s ambitious attempts to bolster tax revenues have…

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Bluebell Capital Urges BP to Rethink Clean Energy Shift Amid Share Price Concerns

Rahil MJanuary 30, 20240356 views

In a bold challenge to BP‘s current clean energy strategy, London-based hedge fund Bluebell Capital Partners has called on the energy giant to abandon plans for a significant reduction in…

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Market Jitters as China Evergrande, World’s Most Indebted Developer, Heads for Liquidation

Rahil MJanuary 29, 20240328 views

The development is expected to send shockwaves through China’s already fragile financial markets, with potential implications for global investors and policymakers. In a pivotal move likely to have far-reaching consequences,…

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Saudi Arabia Elevates Halal Industries with Inauguration of Makkah Halal Forum

Rahil MJanuary 25, 20240402 views

The Makkah Halal Forum, held in line with the directives of higher authorities, is a testament to the collaborative approach involving various stakeholders. In a bid to fortify its commitment…

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Turkey Approves Sweden’s NATO Membership, Clearing Major Hurdle for Alliance Expansion

Rahil MJanuary 24, 20240390 views

The approval of Sweden’s NATO membership by the Turkey parliament was secured with 287 votes in favour, 55 against, and four abstentions following more than four hours of debate. In…

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India’s Stock Market Surpasses Hong Kong’s, Becomes 4th Largest in the World

Rahil MJanuary 23, 20240542 views

India has strategically positioned itself as an alternative to China, attracting substantial capital from global investors and companies. This remarkable surge in Indian stocks aligns with a challenging period for…

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Tata Steel Rejects Union Plan, Threatening 3,000 Jobs in Port Talbot

Rahil MJanuary 19, 20240458 views

Tata Steel, an Indian-owned company, communicated to workers’ representatives that it could no longer afford to sustain production at the loss-making plant in South Wales while implementing a four-year transition…

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