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The cryptocurrency market is buzzing with excitement as Qubetics ($TICS) surpasses $7.5 million in its presale, attracting over 11,500 holders. Alongside established players like Bitcoin, Ripple, and Ethereum, Qubetics stands out with its innovative QubeQode IDE, designed to simplify blockchain development for users of all skill levels.As Bitcoin maintains its dominance at around $95,000, Ripple continues to facilitate rapid cross-border payments despite ongoing legal challenges. Other notable coins include Solana, Cardano, and Polkadot, each offering unique advantages in the evolving digital landscape.
Oman's main energy company, OQ SAOC, has emerged as the largest IPO issuer in the Middle East in 2024, raising nearly $2.5 billion. The company plans to pursue additional share sales, potentially at the end of 2025 or in 2026, as it explores opportunities within its seven fully-owned subsidiaries, which include oil refining and alternative energy.
LeapFrog Investments has raised a record $1.15 billion to enhance health care and finance in emerging markets, surpassing its $1 billion target for its fourth fund. With over 50% of capital sourced from Asia, the fund aims to support 100 million consumers and producers, having already impacted 24 million through initial investments in companies like Redcliffe Laboratories and Sun King. The fundraising success highlights LeapFrog's ability to attract global institutional investors despite a challenging market environment.
Mumbai-based Avighna Group has acquired Emaar Business Park 3 in Dubai for approximately Rs 555 crore. The six-storey mixed-use property, developed by Emaar and previously held by Bank Muscat's Izdihar Real Estate Fund, features around 150,000 square feet of commercial and retail space on Sheikh Zayed Road.
KEC International's shares rose 2% to Rs 1,064 after securing new orders worth Rs 1,114 crore in Q2FY25, spanning transmission and distribution, civil, railways, and cable segments. Notable projects include a 400 kV transmission line in Oman and various contracts in India, contributing to a year-to-date order intake of Rs 14,600 crore, a 50% increase from last year. CEO Vimal Kejriwal expressed optimism about the company's strengthened position in the Middle East and diverse project acquisitions.
Oman's state energy company, OQ SAOC, aims to raise up to $490 million through the IPO of its methanol and liquefied petroleum gas unit. The company plans to offer a 49% stake in OQ Base Industries SAOG at a price range of 106 to 111 baisas ($0.28 to $0.29) per share, potentially valuing the firm at $1 billion.
Muscat's new master plan aims to transform the city into a denser, greener urban environment by 2040, addressing challenges like population growth and climate change. Key initiatives include a 55-kilometer light rail system, restrictions on sprawl, and the development of parks to enhance livability and sustainability. The plan seeks to balance urban development with environmental resilience, particularly in flood-prone areas.
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12:40 27.11.2024
Avighna Group acquires Dubai mixed-use property for 555 crore rupees
08:15 27.11.2024
KEC International secures new orders worth Rs 1114 crore boosting growth
04:55 26.11.2024
oman energy company plans 490 million dollar ipo for methanol unit
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muscat's master plan aims for sustainable urban growth and flood resilience
13:39 23.10.2024
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