Finance
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Insurance giant LIC opens IPO sale for investors
Institutional investors flocked to buy shares in India’s state-run insurance giant Life Insurance Corporation (LIC) in a $2.75 billion (£2.18…
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World Bank warns of Stagflation in 3 years, cites Ukraine war as the reason
According to the World Bank’s newest Commodity Markets Outlook report, the war in Ukraine has thrown a big wrench in…
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Job-to-applicant ratio increased for the first time since the pandemic, says Japan’s Ministry of Health, Labor and Welfare
According to the latest government data, Japan’s average employment availability ratio improved for the first time in three years in…
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Musk’s Boring Co Raises $675 Million at a valuation of $5.6 Billion
Vy Capital and Sequoia Capital led a $675 million fundraising round for Elon Musk’s tunneling business Boring Co. According to…
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Netflix loses 200,000 subscribers in first quarter; blames competition, password sharing and Russia’s invasion of Ukraine
Netflix announced on Tuesday that it lost 200,000 paid customers in the first quarter, the first drop in over a…
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Dubai sees a 58% rise in the number of issued business licenses
Dubai’s Department of Economy and Tourism (DET) revealed in its first-quarter report that the Business Registration and Licensing (BRL) sector…
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New digital laws put Dubai on top of the global market for digital assets
Dubai’s government authorities are now mandated by law to provide digital services to their citizens. Law No. (9) of 2022…
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Elon Musk acquires the highest stake in Twitter Inc – 9.2%, Twitter’s shares soar up 28%
Elon Musk disclosed on Monday that he had bought a 9.2% passive stake in Twitter Inc. Musk holds 73,486,938 shares…
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Orca Security extends Series C Round to $550mn led by Temasek
The cloud security innovator Orca Security, has announced its extended Series C fundraising of $550mn led by Temasek, a Singaporean…
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Dubai Department Of Finance announces PPP projects nearly Dhs25bn
The Dubai Department of Finance (DoF) announced a new public-private partnership ( PPP ) project portfolio worth over Dhs25bn across…
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