Singapore’s Seize Holdings Boosts Its Fintech Unit With A $300m Funding Spherical


During the yr amongst the brokerage homes in Oman, Ubhar Capital closed the 12 months as the number one brokerage house amongst 17 firms with a market share of 21.fifty five per cent. Chambers of commerce are non-profit and non-governmental organizations that enjoy monetary and administrative independence. Historically, the primary chamber of commerce in the world was established in Marseille, France in 1599, whereas the first Arab chamber was Aleppo Chamber, established in 1885. This was revealed by Dr Amal al Ghailani, Project Manager — Elixir Investment, through the signing of an agreement between Elixir United Investment LLC and Italian engineering consultancy Sering International LLC , for the conceptual design of the new specialty hospital project.

Previse’s AI-based analytical instruments mine the vast amount of B2B network information to precisely predict future revenues and price threat. As an enabler for its industry, Previse claims its options join SMEs with billions of cost-effective working capital embedded inside the present B2B platforms which businesses use to transact. Founded in 2017, ADDX is regulated by the Monetary Authority of Singapore as a digital securities trade. It leverages blockchain and sensible contract know-how to tokenise and fractionalise personal market opportunities such as pre-IPO fairness, private fairness, hedge funds and bonds. With the COVID-19 pandemic bringing much more folks and businesses on-line, GFG is well-positioned to further support hundreds of thousands of Southeast Asians with its suite of digital monetary companies. “We are at an inflection point in southeast Asia, as the pandemic has accelerated the necessity for digital monetary services that help us grow and defend our incomes,” said Reuben Lai, senior managing director, at Grab.

To do that, Grab will invest additional in expertise, and expand its offerings in SEA with more affordable, efficient and clear financial options. Singaporean fintech Grab has raised over $300m in a Series A funding round to expand its rising monetary companies business. Launched in 2018, the monetary arm presents services including micro-investment, cost, insurance coverage, and loans for retailers, shoppers, and drivers.

The programme uses internationally recognised ground operational standards geared toward lowering risk and cost. This offers ground handlers with a uniformed set of requirements from all airports irrespective of the airline they’re dealing with. Rated GCC corporates are mainly government-related issuers , which can continue to profit from strong aggressive positions and authorities help. Oil costs above US$50 per barrel will allow countries with massive fiscal buffers and small populations, such because the UAE, Kuwait and Qatar, to implement fiscal reforms at a slower pace than their regional peers, which can in turn support the working surroundings in these nations. Gross direct premiums in the course of the first three quarters of this 12 months increased 0.3 per cent to RO358.16mn from RO357.23mn in the same interval a yr ago, in accordance with a report released by the Capital Market Authority .

The UK Government will retain the particular share and its exclusive rights over OneWeb – securing the company’s future at the centre of the combined group’s global LEO enterprise, national safety controls over the network, and first-preference rights over domestic industrial opportunities. Raytheon Technologies reported second quarter gross sales of $16.3bn, up three % over the prior year, together with four points of organic sales growth partially offset by 1 level of internet acquisitions and divestitures headwind. GAAP EPS from persevering with operations of $0.88 was up 28 % versus the prior 12 months and included $0.28 of acquisition accounting adjustments salesforce isotopesubscription and web important and/or non-recurring costs. This consists of $0.23 of acquisition accounting changes primarily associated to intangible amortization, $0.04 associated to the disposition of non-core businesses at Collins Aerospace, and $0.01 of restructuring. Raytheon Technologies Corp (RTX.N) on Tuesday reported lower-than-expected second-quarter revenue, as global supply chain points dented production on the aerospace and defense agency. A robust restoration in air journey, meanwhile, has bolstered demand at its engine business, which is the company’s cash cow.

GE expects demand at its aviation unit to stay sturdy, leading to greater than 20% revenue development and $3.8 to $4.3bn working revenue this 12 months. The group, which sells software utilized by carmakers, planemakers and industrial companies, now expects to report 2022 gross sales in a variety of 5.49bn to 5.54bn euros ($5.61bn to $5.66bn), and earnings per share between 1.08 euro and 1.10 euro. In a separate press release issued right now, 3M introduced its second-quarter 2022 results and updated its outlook for the full-year 2022.

Duqm Refinery introduced the signing of three main contracts with engineering, construction and procurement contractors for the construction of the 230,000 barrels per day refinery in Duqm. Built over a mixed space of 33,000 square metres in Suhar and 35,000 square metres in Salalah, the shops are supported by Landmark Group’s huge history of making progressive businesses, and utilising wealthy experience and experience. Domestic sales of jet gasoline elevated two per cent to 808,000 barrels and its exports jumped by 843 per cent to 1.07mn barrels. The statistics showed that the manufacturing of standard grade petrol surged 52 per cent to 1.85mn barrels at the end of February from the identical period a 12 months ago. Domestic sales of Mogas ninety one rose sixty seven per cent to 1.8mn barrels whereas exports reached 428,000 barrels. It is the most recent in a collection of awards for Petrofac in Oman, where the group has been working for more than three many years, delivering tasks and providers on both a lump-sum and reimbursable basis.

According to the report, Saudi Arabia led the MENA IPO activity in Q3 with the IPO of Leejam Sports Company on the Saudi Stock Exchange, which raised $220.6m, making it the largest IPO in the third quarter. In the earlier quarter, 4 firms went public, three of which have been REIT listings on the Tadawul. Additionally, within the GCC region, Oman’s Muscat Securities Market had a single IPO itemizing for Dhofar Generating Company in the energy and utilities sector elevating $52.0m. Meaning small cities, the name Madayn has been chosen to characterize the Sultanate’s thriving nationwide network of world-class business hubs. The German University of Technology in Oman was the official Academic Partner of the eMobility Forum, which was held in Muscat on Sunday. The day-long event, organised by GlobalEVRT, introduced together numerous stakeholders from the private and non-private sectors in a collective bid to push ahead the adoption of unpolluted fuels within the transportation and logistics trade.

This is consistent with a decision by the Council of Ministers to carry longstanding subsidy on power provided to main prospects consuming more than one hundred fifty megawatt-hours every year. The landmark transfer was unveiled at a media briefing convened by the Authority for Electricity Regulation Oman in October. The Omani authorities recently raised further funds from the home market by issuing growth bonds and sovereign sukuk, to be able to partially ease its budget deficit.