SoftBank Group Corp founder Masayoshi Son is seeking to raise ¥2.4tn ($21.1bn) in an initial public offering of his Japanese telecom business that could be the country’s largest IPO yet.
Oil prices are fast becoming a catalyst for emerging markets. Last week’s slide in crude was partly behind the weakness in the Russian rouble, Mexican peso and Malaysian ringgit, according to Societe Generale SA.
Hedge funds have sold the equivalent of almost half a bn barrels of crude oil and refined products in the last six weeks, as worries about slowing demand replaced earlier concern over sanctions on Iran.
German business software company SAP has agreed to buy Qualtrics International for $8bn in cash, pre-empting a planned stock market listing by the US-based company which specialises in tracking online sentiment.
Qatar Chamber officials discussed investment opportunities with a Filipino trade delegation headed by Chamber of Furniture Industries of the Philippines (CFIP) executive director Salvio Valenzuela in a meeting held in Doha yesterday.
Qatar Islamic Bank (QIB) received ‘Qatar’s Best Consumer Digital Bank Award 2018’ from the Global Finance magazine, becoming the first entity in Qatar to receive the prestigious international award since it was first introduced by the finance magazine 19 years ago.
An official of the Qatar Businessmen Association (QDB) has underscored Qatar’s interest in the African market, saying the visit of His Highness the Amir Sheikh Tamim bin Hamad al-Thani to several African countries last year “is the best proof of this interest.”
Commercial Bank’s five-year strategic plan with a vision to be the market leader in Qatar and its most significant international investment to date in Turkey’s Alternatif Bank were under the spotlight at its ‘Annual Analyst Day’ in Istanbul yesterday.
HE the Minister of Commerce and Industry Ali bin Ahmed al-Kuwari has called for the activation of existing agreements between Qatar and Pakistan, whose trade volume witnessed a 104% growth to reach $1.6bn in 2017.
Saudi Arabia said Opec and its allies should reverse about half the increase in oil output they made earlier this year as fears of shortages are supplanted by concerns about oversupply and collapsing prices.
Qatar Development Bank (QDB) announced yesterday the launch of the ‘SME Definition’, in collaboration with the Ministry of Commerce and Industry on the sidelines of the three-day Qatar Entrepreneurship Conference ‘Rowad Qatar 2018’.