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  • MENA bucks global IPO slowdown raising over $13 billion in first half of 2022

    “MENA IPO activity continues to defy global trends and remains a bright spot in a challenging market. The number and value of deals in the second quarter of this year confirms that investors still have an appetite for growth, yield and diversification, explained EY MENA’s strategy and transactions leader Brad Watson.

  • MENA bucks global IPO slowdown raising over $13 billion in first half of 2022

    “MENA IPO activity continues to defy global trends and remains a bright spot in a challenging market. The number and value of deals in the second quarter of this year confirms that investors still have an appetite for growth, yield and diversification, explained EY MENA’s strategy and transactions leader Brad Watson.

  • Norman says Tiger Woods turned down $700-800M Saudi offer

    Various reports out of the United Kingdom have said Phil Mickelson received a $200 million signing bonus, while Dustin Johnson received $150 million. The 48-man fields, which play 54 holes with no cut, offer $25 million in prize money at each event. Norman announced a 14-tournament schedule for next year.

  • Afghan Women Face Brutal Taliban Crackdown, Amnesty International Report Says

    The report, Death in Slow Motion: Women and Girls Under Taliban Rule, comes almost one year after the Taliban’s return to power last August. Since then, conditions for all Afghans have deteriorated, though the treatment of women and girls has been particularly concerning, as the Islamists have appeared determined to expunge them from all social involvement. Women have been sacked from their jobs and banned from secondary school and, effectively, all higher education.

  • Authorities in Saudi Arabia ask YouTube to take down ‘offensive content’

    A joint statement by the Saudi Commissions of Audiovisual Media and the Communications and Information Technology Commission said the inappropriate content of the ads on YouTube was against Islamic laws, social values and media regulations in the kingdom and on the platform. The statement said a request has been passed on to YouTube to remove the ads and to follow regulations.

  • France, United Arab Emirates sign deal on energy cooperation amid potential Russian shutdown

    France and the United Arab Emirates on Monday signed an agreement on energy cooperation to ensure oil and natural gas supplies from the Gulf country as Europe prepares for the possibility of a total gas cutoff from Russia in retaliation for sanctions over the war in Ukraine. The deal announced by the French economy ministry comes as President Emmanuel Macron is hosting UAE President Mohammed bin Zayed Al Nahyan in Paris.

  • Analysis: Johnson’s UK Meltdown Is a Good Day for Putin

    The chaos engulfing Johnson and his administration is red meat for the propaganda machine that blankets Russian airwaves, not just about the conflict in Ukraine but its key allies like the UK. It fits Putin’s narrative about the “West” lecturing others and ignoring its own failings. The Kremlin will no doubt relish the fact that less than two weeks after the Group of Seven pledged to stand by Ukraine for the long haul, the UK is just one of its number suffering domestic turmoil.

  • Israel tamps down dissent in its ranks over possible Iran nuclear deal

    The chiefs of military intelligence and strategic planning believe a revival of a 2015 deal that restricted Iran's nuclear programme would gain time for Israel to prepare an attack aimed at denying its arch-foe the means to make a nuclear weapon, top-selling Yedioth Ahronoth daily said on Friday.

  • Saudi Arabia’s sovereign wealth fund doubles down on gaming sector

    Saudi Arabia’s sovereign wealth fund is doubling down on the gaming sector, making its fourth investment in the sector so far this year.

  • Biden Has ‘Only Bad Options’ for Bringing Down Oil Prices

    The United States is the world’s biggest oil and natural gas producer, but it accounts for only about 12 percent of the global petroleum supply. The price of oil, the principal cost in gasoline, can still shoot up or tumble depending on events halfway around the world. And no president, no matter how powerful or competent, can do much to control it.