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Monday, Nov 28, 2022
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UAE healthcare provider Burjeel's IPO 29 times oversubscribed, final price set at $0.54
The UAE-based private healthcare provider Burjeel Holdings set its final offering price at 2 dirhams ($0.54) per share following the completion of its bookbuild and public subscription.
The offering was oversubscribed multiple times as the total gross demand amounted to over 32 billion dirhams, implying a 29-fold oversubscription, the company reported.
Police bust cocaine 'super-cartel' in Dubai, Europe
Police have dismantled a huge drugs "super-cartel" that controlled a third of Europe's cocaine trade, arresting 49 people in various countries including six top suspects in the ...
Wall Street’s ‘Dr. Doom’ calls crypto ‘corrupt gambling’ and rips ‘proof of reserves’ trumpeted after FTX collapse
Nouriel Roubini warned on Saturday, “Crypto is corrupt gambling where the house always & systematically front runs the retail suckers that get rekt.”
MoJ launches 11 new judicial e-services through Najiz portal
The Ministry of Justice (MoJ) has rolled out 11 new judicial e-services through the ministry’s Najiz.sa portal.
The Dabloon economy is the latest craze engulfing TikTok: from inflation and debt, to thieves and factions
TikTokers have created a giant fake economy within the app, with millions of participants, using a fabricated currency—Dabloons—and it reflects real-world events. Millions are ...
Salam showcases state-of-the-art cybersecurity technologies at Black Hat MEA 2022
Salam, one of Saudi Arabia’s leading telecom companies, is showcasing its advanced set of cybersecurity services and technologies at Black Hat Middle East and Africa, the region...
Crypto lender BlockFi files for bankruptcy after FTX implosion
BlockFi is latest company affected by FTX fallout, files Chapter 11 bankruptcy. Company's troubles go back to the spring, but the collapse of FTX was an insurmountable obstacle...
Saudi Arabia’s chances for pre-quarter look bright
A possible victory of the Saudi national team against Mexico in the third round of Group C matches on Wednesday would make the way for the Green Falcons to a vibrant entry to th...
Musk says Apple mostly stopped advertising on Twitter
If a rich corporate funding media that support the government that suppose to regulate them, and sanctions media that is neutral or doesn’t actively support the government and a...
Commercial Treatments System to strengthen national products' competitiveness
Minister of Commerce and chairman of the Board of Directors of the General Authority for Foreign Trade Dr Majid Al-Qasabi confirmed that the Cabinet's approval of the Commercial...
Stop the killer robots! Musk-backed lobbyists fight to save Europe from bad AI
The Future of Life Institute is warning AI could kill us all, but its ideology is freaking some folks out. A lobby group backed by Elon Musk and associated with a controversial ...
Twitteratis shower Saudi fans with accolades for what they did in Doha stadium
Twitteratis and other users of social media showered the fans of Green Falcons with accolades for their classy initiative and a civilized gesture at the Education City Stadium i...
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