Prosus Ventures and its subsidiary payments giant PayU have called off the $4.7 billion merger of BillDesk they announced last year, saying “certain conditions precedent” were not fulfilled by the deadline in a surprising development a month after the proposed acquisition received approval from the local antitrust watchdog. “Certain conditions precedent were not fulfilled by...
© Reuters. FILE PHOTO: A RWE logo is seen in this illustration taken October 20, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By Thomas Escritt and Christoph Steitz BERLIN (Reuters) -Germany’s largest power producer RWE AG (OTC:) said on Saturday it had agreed to buy Con Edison Inc’s Clean Energy Businesses subsidiary for $6.8 billion, doubling down on...
A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo Corrias further explains that out of all the banks’ total risk exposure, cryptocurrency exposure is estimated...
The largest decentralized exchange (dex) platform by global trade volume, Uniswap, is looking to raise between $100 and $200 million, according to a report citing people familiar with the company. The funding round is currently in a nascent stage as the report claims Uniswap has been “engaging with a number of investors.” Sources Say Uniswap...
The Emirate of Dubai’s real estate sector maintained a sustainable growth in the number and value of sales during the month of August, with 9,720 real estate sales worth AED24.34 billion recorded. This was revealed in Mo’asher, Dubai’s official Sales Price and Rental Performance Index, which was launched in collaboration with Property Finder, Dubai’s real...
© Reuters. FILE PHOTO: Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japan spent up to a record 2.8 trillion yen ($19.7 billion) intervening in the foreign exchange market last week to prop up the yen, Ministry...
Sat 01-10-2022 00:57 AM RIYADH, 30th September, 2022 (WAM) — Saudi Arabia is expecting total expenditures and revenues will reach about SAR1,114 billion and SAR1,123 billion respectively for the fiscal year 2023, the Ministry of Finance announced Friday in pre-budget statement, carried by Saudi Press Agency. According to the pre-budget statement, surpluses of about SAR9...
Fri 30-09-2022 19:58 PM DUBAI, 30th September, 2022 (WAM) — A total of 2,702 real estate and properties transactions valued at AED 22 billion in total were conducted during the week ending 30 September 2022, according to figures released by the Dubai Land Department. The DLD weekly report said that 123 plots were sold for...
DUBAI, 30th September, 2022 (WAM) — The real estate sector in the Emirate of Dubai continued to maintain a sustainable growth in the number and value of sales during the month of August, after it witnessed the registration of 9,720 real estate sales, worth AED24.34 billion. This came in Mo’asher, Dubai’s official Sales Price and...
ABU DHABI, 30th September, 2022 (WAM) — Abu Dhabi National Energy Company (TAQA) today announced that it has secured refinancing its US$3.5 billion revolving credit facility. Secured via a syndicate comprising 20 banks, the new 5-year USD SOFR-based facility, which will be utilised for general corporate purposes, is set to replace the organisation’s existing $3.5...