by Jibran Munaf | September 8, 2024 | Corporate Finance, Markets
Shares of Dell and Palantir surged around 7% in extended trading on Friday following an announcement from S&P Global that both companies will be added to the prestigious S&P 500 index. Palantir, a software maker, will replace American Airlines, while Dell will...
by Jennifer George | September 3, 2024 | Insurance, News
The National Bank of Ras Al Khaimah, formally recognized as RAKBANK has announced the launch of Protego, an insurance aggregator platform poised to revolutionize how users navigate insurance in the UAE. Protego Insurance Brokers L.L.C is a 100% subsidiary of the...
by Jibran Munaf | September 2, 2024 | Finance
Arabian Mills for Food Products Company (Arabian Mills) has announced a price range for its upcoming initial public offering (IPO) on the Saudi stock exchange, targeting a capital raise between 954 million and 1.01 billion Saudi riyals ($255-$271 million). The company...
by Jibran Munaf | September 2, 2024 | Finance
Bahrain announced it will introduce a Domestic Minimum Top-up Tax (DMTT) for multinational enterprises (MNEs) beginning January 1, 2025, according to the country’s state news agency. This new tax policy will ensure that MNEs with global revenues exceeding 750...
by Jibran Munaf | August 31, 2024 | Corporate Finance, Energy
The Initial Public Offering (IPO) for NMDC Energy, a subsidiary of the NMDC Group, saw overwhelming demand, becoming oversubscribed within just a few hours of the first day of its subscription period, according to an announcement by NMDC Group on Monday. Strong...
by Jibran Munaf | August 31, 2024 | Corporate Finance, Editorials, Finance
Warren Buffett, renowned as the “Oracle of Omaha,” celebrated his 94th birthday this past Friday, leading his conglomerate, Berkshire Hathaway, to its highest valuation ever. For the first time, Berkshire Hathaway, known for its diverse range of...