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Bnreport Business News Report
The Abu Dhabi Investment Authority and BlackRock intend be major investors in the Chinese start-up Kwaisho's IPO. The Abu Dhabi Investment Authority and BlackRock intend be major investors in the Chinese start-up Kwaisho's IPO.

Business

The Abu Dhabi Investment Authority, in partnership with BlackRock, intends to enter as major investors in the Chinese start-up Kwaisho’s Technology IPO. The Capital...

Egypt’s EBE Board of Directors said it approved increasing its issued and paid-up capital from 2.7 to 3.3 billion pounds Egypt’s EBE Board of Directors said it approved increasing its issued and paid-up capital from 2.7 to 3.3 billion pounds

Finance

Egypt’s Export Development Bank’s (EBE) Board of Directors said it approved increasing its issued and paid-up capital from 2.7 to 3.3 billion pounds. EBE’s...

The Moroccan city Oujda witnessed an active commercial movement after Amazighs celebrated the Amazigh New Year. The Moroccan city Oujda witnessed an active commercial movement after Amazighs celebrated the Amazigh New Year.

Trade

The Amazighs celebrated the Amazigh New Year, also known as “Yennayer“, on January 13, for the year 2971 according to the Amazigh calendar. The...

Business

Business

“SPACs, or special purpose acquisition companies, are shell companies that have no business or assets but are designed to raise money through an initial...

Business

For more than five years, Saudi housing sector has witnessed many challenges, most prominently lacking housing units alongside a great demand. However, the situation...

Business

The Iraqi Ministry of Oil signed a preliminary agreement with an Emirati company to build an oil refinery with a capacity of 100,000 b/d,...

Business

Banque Misr said it signed a deal with the European Investment Bank to provide a €425 million worth credit line. Akef El-Maghraby, Banque Misr’s...

Finance

Finance

The Saudi Ministry of Finance announced offering Sukuk worth SR2.955 billion ($788 million) in the local market.  The issue size was set at SR2.96...

Finance

Jordan’s central bank decided to allow all licensed banks in the Kingdom to distribute cash dividends to shareholders. However, banks shouldn’t distribute more 12%...

Finance

Qatar Islamic Bank data showed growth in profits and a decline in distributions, unusually, due to the pandemic’s impact on banking sector. Data showed...

Finance

Bounced checks is a very dangerous and unhealthy phenomenon that leads to slowing down economy growth and investment decline. Non-payment on time deepens the...