by Jibran Munaf | October 13, 2024 | Corporate Finance
JPMorgan Chase reported stronger-than-expected third-quarter earnings on Friday, driven by a 7% increase in revenue to $42.7 billion. Despite the positive financial results, CEO Jamie Dimon issued a cautionary note about escalating global threats and the challenges...
by Jibran Munaf | October 13, 2024 | Finance, Markets
China’s latest Finance Ministry briefing left investors frustrated, as the anticipated bold fiscal measures failed to materialize. Despite promises of more support for the struggling property sector and potential increased government borrowing, the absence of a...
by Jibran Munaf | October 12, 2024 | Finance, Markets
During a highly anticipated press briefing on Saturday, China’s Finance Minister, Lan Fo’an, indicated that the central government has the capacity to increase its debt and deficit. He stated that there is “rather large” room for a deficit increase, but emphasized...
by Jibran Munaf | October 12, 2024 | Finance
While global venture capital (VC) funding shrank to a six-year low of $248.4 billion in 2023, the Gulf Cooperation Council (GCC) defied the trend, witnessing a 30% year-on-year growth. Despite accounting for just 1% of global VC funding, the region’s rapid...
by Jibran Munaf | October 12, 2024 | Aviation, Corporate Finance
India’s Adani Group is in discussions with a Middle East-based sovereign wealth fund (SWF) to raise up to $1 billion for its airports business, according to a report by Economic Times. The capital raise will be carried out in two phases, with the first round of funds...
by Jibran Munaf | October 12, 2024 | Finance
The Securities and Commodities Authority (SCA) has successfully processed 12,000 requests, disbursing over AED115 million in unclaimed dividends to shareholders of public companies and dormant balances held by brokerage firms. The initiative, which began in February,...
