Reddit, the 19-year-old social media platform led by CEO Steve Huffman, announced plans to launch new products related to its marketplace efforts at the Bloomberg Technology Summit. The company recently surpassed sales expectations in its first earnings report as a public company, and is now looking to diversify its revenue streams by focusing on what…
On Wednesday, Aldar Properties announced the successful issuance of 10-year green bonds worth $500 million. The sukuks were issued at a premium of 110 basis points over US Treasuries, lower than the initial indicative price of 140 basis points set earlier in the day. The offering received purchase orders worth over $1.9 billion as part…
According to a report by HSBC Bank, Vietnam’s electric vehicle market is poised for growth, with sales projected to reach 2.5 million units by 2036. However, the bank estimates that the country will need an investment of about 12.3 billion USD to build enough charging stations to support the popularity of electric cars in the…
The Gulf Cooperation Council (GCC) countries recorded mostly positive performance in their stock markets last week, with only Qatar experiencing a slight decline. In Saudi Arabia, the market index increased by 0.8%, reaching 12,352 points. Kuwait also saw a slight increase of 0.16%, closing at 7,033.48 points. Bahrain ended the week with a 0.58% increase…
In the first quarter of 2024, oil company YPF reported a net profit of approximately 657 million dollars, representing a 93% increase compared to the previous year. This improvement in financial performance can be attributed to rising fuel prices for naphtha and diesel, although it was partially offset by a decline in sales amidst a…
During his campaign stop in battleground Wisconsin, President Biden emphasized his economic record in comparison to Trump. With the economy playing a significant role in voter decision-making, Biden’s focus on this issue could be a crucial factor in the upcoming election. By highlighting successful economic initiatives like the Microsoft data center, Biden hopes to demonstrate…
In recent weeks, several companies in New York state have filed nine WARN notices, resulting in over 600 job losses. Among those impacted is the Tesla plant in Western New York, which laid off more than 300 workers. This sudden unemployment can be a jarring experience for individuals who rely on their jobs for stability…
A recent article published by Kauppalehti listed the top ten most popular stocks on the Helsinki Stock Exchange. While the number of owners of these stocks did not necessarily correspond to their financial performance, the ranking of the most owned stocks remained relatively stable, with some fluctuations in the number of owners. One interesting observation…
The Municipality of Dhofar is preparing for the launch of the Dhofar Fall 2024 activities in collaboration with the Ministry of Heritage and Tourism in Oman. Last year, the number of visitors during Dhofar Fall 2023 increased to 962 thousand, compared to 813 thousand in 2022. This year, the municipality expects to attract over one…
Fortum, a leading energy company, is set to invest in a new hydrogen test facility next to its Loviisa nuclear power plant in Finland. The pilot plant, valued at 17 million euros and funded entirely by Fortum’s research and development funds, will test two different hydrogen production technologies – alkaline and PEM – over the…