Arab Funds

Richard Branson’s Virgin Orbit to be released to the public via SPAC

Former NASA astronaut Jose Hernandez says the costs of spaceflight will come down. Richard Branson’s satellite launch company, Virgin Orbit, will debut on the Nasdaq through a merger with special purpose acquisition company NextGen Acquisition Corporation II. “I am very pleased that we are bringing Virgin Orbit to the public, …

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Afghanistan: Taliban facing financial pressure from the West | Business | Economic and financial news from a German point of view | DW

The speed of the capture of Afghanistan by the Taliban last weekend has prompted the West to scramble to reduce the hold of militant Islamists on the country. Military action was all but ruled out and instead the United States and its NATO allies turned to financial warfare. US President …

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Foreign funds turn bullish on the QSE

On Wednesday, foreign funds turned bullish on the Qatar Stock Exchange, which otherwise was on a roller coaster only to finally settle almost flat.Arabs were increasingly inclined to buy net products as the Qatar 20-stock index closed just 0.03% higher at 10,916.13 points, having recovered from an intraday low of …

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Prosecutors reportedly investigate ex-Mossad chief Yossi Cohen

The prosecution will examine the allegations that Yossi Cohen, the former head of the Mossad intelligence agency, accepted an illicit gift worth $ 20,000, among other allegations, according to Hebrew-language media. Attorney General Avichai Mandelblit has asked State Attorney Amit Aisman to conduct a full investigation into the apparent serious …

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QSE index crosses 10,900 levels due to higher demand

The Qatar Stock Exchange saw stronger demand, especially for Islamic stocks, as its key barometer broke through 10,900 levels and capitalization gained QR 10 billion this week, which saw the advent of Mekdam in his junior purse.Increased buying interest from foreign institutions mainly helped push the Qatar 20 Equity Index …

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Point of sale providers compete to be a one stop shop

The point of sale (POS) name may suggest just one step in the process, but restaurant point of sale providers go far beyond the point of payment. On Tuesday, August 3, FinTech and payment firm Fiserv’s Clover point-of-sale system announced the launch of Clover Station Solo, a device that aims …

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Environment Ministry to receive additional NIS 625million to tackle climate change

The two-year state budget approved by ministers on Monday includes for the first time a special allocation of NIS 625 million (nearly $ 195 million) to fight climate change. The complex 2021-2022 national budget must now go through committee stages and three Knesset plenary readings by the November 4 deadline. …

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Judge approves $ 250 million bail for Trump’s friend Thomas Barrack

A judge approved $ 250 million bail for Thomas Barrack, a close adviser to former President Trump and chairman of his inauguration committee, who was accused of breaking federal lobbying law after allegedly failing to disclose his work on behalf of the UAE. Under the terms of the bail agreement, …

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In Iraq, politically sanctioned corruption proves once again fatal

Opinion: The two deadly fires that recently killed hundreds of people in Iraqi hospitals were not a coincidence, but the consequence of widespread corruption and years of neglect, writes Taif Alkhudary. The deadly fire at the Covid isolation ward at Al-Hussein hospital was the second major hospital fire in Iraq …

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Violence Intensifies in Protests Against Water Crisis in Khuzestan, Iran | News of the protests

Tehran, Iran – Iranian authorities said a policeman was shot dead by “agitators” in Iran’s Khuzestan province, where six nights of protests against water shortages turned deadly. State media reported that another Bandar Mahshahr policeman was injured after being shot in the leg on Tuesday evening, as videos and reports …

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