The highly anticipated Qatar Real Estate Forum is back this year as the Qatar Real Estate Forum and Cityscape 2024. The duo event, held under the patronage of His H.E Sheikh Mohamed Bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs and hosted by the Real Estate Regulatory Authority (Aqarat) in collaboration with Cityscape organisers Informa Tharawat, will
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Egypt plan to withdraw the capital gains tax on stock market transactions, Asharq Business, an Arabic financial portal, reported, citing Minister of Investment and Foreign Trade Hassan El-Khatib. The decision is expected within three weeks according to the government official. The capital gains tax incurred from trading EGX-listed financial securities has been cancelled or postponed five times due to challenges in implementation
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Romania-based telecommunications group Digi Communications announced its net profit doubled to EUR 54.3 million in H1 2024, on an annual basis. while consolidated revenues grew by 13% to EUR 921 million. The group’s market capitalization is now EUR 1.24 billion after the price of its shares rose 77% over the last year. This puts the annualized profit realized in H1 at 8.8%.
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The European Central Bank (ECB) and the national central banks (NCBs) of European Union member states using the euro face “prolonged losses” brought on by higher borrowing costs, Fitch Ratings said in a new report on Monday (Sept. 9). The credit rating agency estimated that the aggregate losses of the Eurosystem will amount to over EUR160 billion (averaging 0.2% of GDP per
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India’s leading backpacker hostel chain the Hosteller raised USD 4 million in its Series A funding round led by V3 Ventures, along with participation from existing investors including LV Angel Fund, FAO Ventures, Synergy Capital Partners, Unit-e Consulting, Ice. VC (backed by Mrunal Jhaveri), Thrive Ventures, Chirag Jain, and several real estate-based family offices. The funds will be strategically used to expand
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Shares in Raiffeisen Bank International (AT:RBI), listed on the Wiener Börse AG, closed down 7.12% on Friday (Sept. 6) following Russia’s court ruling to block the sale of the Austrian financier’s Russian subsidiary. RBI, the largest western bank still operating in Russia, shared the day before that a Russian court had issued a preliminary injunction imposing an immediate transfer ban on its
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In the first half of 2024, Romania’s GDP recorded an annual growth of 0.7% for the unadjusted data series and 1.5% for the seasonally adjusted data series in the first half of 2024 compared to the same period of 2023, provisional estimates from the National Institute of Statistics (INS) showed on Friday (Sept 6). During the period under review, the following economic
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Prague-based online grocer Rohlik Group, the first Czech unicorn, announced this summer that it had successfully raised 160 million euros in fresh growth capital. The investment was led by the European Bank for Reconstruction and Development (EBRD), alongside existing investors Sofina, Index Ventures, Quadrille, and TCF Capital and complemented by growth capital funding from the European Investment Bank (EIB) under its Scale-Up
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Danish transport giant Maersk on Aug. 21 opened the doors to its largest Logistics Park at Jeddah Islamic Port in Saudi Arabia. The $250million, 225,000 sq m logistics facility provides a list of services under one roof, including: multi-modal connectivity between ocean, land and air transport; warehousing solutions catering for B2B and e-commerce requirements; temperature-controlled warehousing; custom-bonded setup; distribution solutions including first-
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China’s largest oil and gas company PetroChina Co. posted record operating profits for the the six months through June thanks to strong drilling output and higher oil prices, which allowed it to offset weak fuel demand domestically. Global benchmark Brent averaged more than $83 a barrel in the first half, compared with about $80 over the same period in 2023. In the
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