Parkin Company PJSC has reacted swiftly to the remarkable surge in retail investor interest in the UAE, announcing an adjustment to its initial public offering (IPO) allocation. The Securities and Exchange Authority (SCA) has approved an increase in shares offered to retail investors, reflecting the unprecedented demand. Originally set at 74,970,000 ordinary shares, the UAE […]

A high-profile delegation from Germany, comprising 16 influential leaders from various sectors including agricultural technology, insuretech, logistics, renewable energy, manufacturing, infrastructure, and artificial intelligence, is currently in Doha. Led by Gordon Pelz, Vice Chairman of the German Association of SMEs, the delegation’s visit is aimed at exploring investment prospects and enhancing economic cooperation between Qatar […]

In a notable downturn, Japanese stocks experienced a significant decline today, with the Nikkei index plummeting as much as three percent. This decline was fueled by a strengthening yen against the dollar and a substantial sell-off in semiconductor stocks. During afternoon trading, the Nikkei index reached a low of 38,496.66 before recovering slightly to close […]

Over 120 member states of the World Trade Organization (WTO) have signed the Investment Facilitation for Development (IFD) Agreement, aiming to streamline investment processes in developing and least-developed countries.  Despite initial reservations, the pact received broad support, with 75 percent of WTO members endorsing it. The agreement, unveiled just before the 13th ministerial conference in […]

Japan’s Nikkei 225 index witnessed a historic surge on Thursday, breaching the coveted 39,000 milestone, driven by a combination of robust corporate earnings and investor-friendly reforms. The index’s remarkable ascent, rising nearly 2% to reach 39,029, marks a significant milestone, surpassing its previous peak achieved in 1989. This surge is part of a broader trend […]

As Nvidia prepares to unveil its fourth-quarter earnings, the semiconductor market witnesses a cautious stance, reflected in the decline of key players like Taiwan Semiconductor Manufacturing Company (TSMC) and ASML. TSMC, known as the world’s top producer of advanced processors, experienced a modest drop of over 1% in its shares. With clientele including industry giants […]

Holiday rental giant Airbnb has announced a bold move to launch a $6 billion share buyback program, signaling its intent to enter a new phase of growth and diversification beyond its core business. The company views 2024 as an “inflection point” to reinvent itself, having spent three years refining its holiday rentals and experiences business. […]

In a significant milestone for the cryptocurrency market, Bitcoin surged to its highest price since December 2021 on Monday, surpassing the $50,000 price level for the first time in over two years. This remarkable move triggered a rally not only for cryptocurrencies but also for related stocks, with notable gains seen in Coinbase stock and […]

In a remarkable rally, Bitcoin surged to close the week, breaching the $47,000 mark for the first time in almost two years. On Friday, the premier cryptocurrency witnessed a gain of over 4%, reaching $47,307.00, according to data from Coin Metrics, marking a level unseen since March 2022. Alongside, Ether also saw an uptick, rising […]

Investor enthusiasm for the highly anticipated spot Bitcoin ETFs appears to be waning, with Wednesday recording the lowest single day of investor gross inflows since trading commenced on January 11th. According to a report from JPMorgan Chase & Co., the nine newly launched funds collectively received approximately $270 million in inflows on Wednesday. However, after […]