{
}
Oman has granted Starlink Muscat a Class 1 license to provide nationwide satellite internet, expanding its services in the Middle East. The low-Earth orbit satellites will deliver high-speed broadband, reaching remote areas and supporting key sectors like oil, gas, and tourism. Starlink plans to launch in Kuwait, Bahrain, and Jordan in 2025, while services in Saudi Arabia and the UAE await regulatory approval.
Mastercard is set to establish its global Mastercard Academy Hub in Doha, aiming to enhance skills in the financial industry for both regional and global players. This innovative learning ecosystem will collaborate with various institutions and offer expert-led courses, having already trained over 42,000 attendees with a 98% satisfaction rate. The initiative aligns with Qatar National Vision 2030 and underscores Mastercard's commitment to boosting innovation and strengthening partnerships within the country's dynamic financial landscape.
BNP Paribas has maintained an overweight rating on Larsen & Toubro (L&T), citing a robust order inflow growth projected to exceed 15% this year, driven by a significant offshore contract from QatarEnergy LNG. The firm anticipates EBITDA margins to rise from 8.3% to 8.6% next year, supported by major projects and improved working capital management. Additionally, confidence in JSW Infrastructure's growth prospects was expressed, with projected EBITDA reaching ₹90-100 billion by FY30.
Larsen and Toubro (L&T) shares rose 1.6% to Rs 3,499 after BNP Paribas maintained an "outperform" rating, citing a strong outlook for the year. The company recently secured a record $4 billion offshore contract from QatarEnergy, enhancing its growth prospects.Analysts expect L&T's Q4 core revenue to grow by 18%, with overall revenue up 17% year-on-year, supported by an 11% increase in order inflows. Goldman Sachs remains optimistic about the company's performance, dismissing concerns over a potential slowdown in GCC project tendering.
Larsen and Toubro (L&T) shares rose 1.6% to Rs 3,499 after BNP Paribas maintained an "outperform" rating, citing a strong outlook for the year. The company secured a record $4 billion offshore contract from QatarEnergy, enhancing its growth prospects.Goldman Sachs forecasts an 18% increase in core revenue for Q4, with overall revenue expected to rise by 17% year-on-year, supported by an 11% growth in order inflows.
Leaders at the Web Summit Qatar 2025 are engaging in discussions about the pivotal role of fintech in fostering growth among small and medium-sized enterprises (SMEs). The event highlights the importance of innovative financial solutions in driving economic development and supporting entrepreneurship.
Belgian prosecutors are investigating whether Huawei bribed eight Members of the European Parliament (MEPs) to secure favorable treatment, leading to searches at the tech giant's offices and the sealing of Parliament offices. This scandal echoes the previous Qatargate investigation, raising concerns about corruption within EU institutions.
Paysky, a leading digital fintech solutions provider, has secured $6.75 million to enhance Africa's fintech infrastructure. Recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year, the company operates in 18 countries and processed over $3.9 billion in transactions in 2024. Its innovative offerings include national payment systems, the Yalla Super App, and various digital payment solutions aimed at driving financial inclusion and digital transformation across the region.
Gulf sovereign wealth assets are projected to reach $18 trillion by 2030, marking a 50% increase and reinforcing the region's financial dominance. With around 40% of global SWF assets, key players like Saudi Arabia’s PIF and Abu Dhabi’s ADIA are expanding investments, particularly in Asia and Africa, while facing rising competition and the need for enhanced performance standards.
Saudi Arabia's sovereign wealth fund and five regional counterparts are projected to manage $18 trillion in assets by 2030, a 50% increase from 2024. The Gulf region, home to six of the world's largest sovereign funds, is focusing on investments in Asia and Africa, particularly in high-growth economies and the mining sector. As competition intensifies, these funds are enhancing internal capabilities and seeking experienced talent to drive innovation and performance.
QAT
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Oman grants Starlink license for nationwide satellite internet services
United States Dollar
Starlink USD
SpaceXCoin USD
SAU
KWT
YEM
QAT
BHR
JOR
ARE
OMN
Elon Musk
Show more
10:00 28.03.2025
Mastercard to establish global academy hub in Doha to enhance financial skills
08:35 28.03.2025
bnp paribas optimistic on l and t's order growth and margin expansion
Qatari Riyal
Indian Rupee
JSW Infrastructure Limited
Larsen & Toubro Ltd
BNP Paribas SA
IND
QAT
SAU
Priyankar Biswas
Show more
13:51 27.03.2025
L&T shares rise as BNP Paribas maintains positive outlook for 2025
05:18 27.03.2025
L&T shares rise as BNP Paribas maintains positive outlook for 2025
United States Dollar
QatarEnergy
Larsen & Toubro Ltd
The Goldman Sachs Group, Inc.
BNP Paribas SA
IND
QAT
Show more
05:18 27.03.2025
fintech leaders explore strategies for boosting sme growth at web summit
19:53 26.03.2025
Huawei bribery scandal prompts investigations and raids in European Parliament
04:27 26.03.2025
paysky secures recognition and funding to enhance fintech infrastructure in africa
United States Dollar
Visa Inc.
BHR
MLI
TGO
GHA
BWA
EGY
ARE
SDN
PAK
BEN
QAT
SEN
LBY
UGA
SAU
CIV
CMR
Waleed Sadek
Show more
20:15 24.03.2025
gulf sovereign wealth assets projected to reach 18 trillion by 2030
Kuwaiti Dinar
Chinese Yuan
United States Dollar
Indian Rupee
United Arab Emirates Dirham
ABU Dhabi Developmental Holding Company PJSC
KWT
QAT
CHN
IND
SAU
ARE
Julie Kassab
Show more
12:13 24.03.2025
gulf sovereign wealth funds poised for significant growth and strategic expansion
Saudi Riyal
Chinese Yuan
United States Dollar
United Arab Emirates Dirham
Qatari Riyal
KWT
QAT
CHN
ARE
SAU
IND
Julie Kassab
Show more
09:00 24.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Retail and Consumer Goods
Finance Mergers & Acquisitions
Global Financial Events
Industry Mergers & Acquisitions
CEO Changes
Banking Regulations
Market Analysis and Predictions
Government Policies
Startups & Entrepreneurship
Banking & Investment Regulations
Financial Scams and Security
Hedge Funds & Private Equity
Consumer Protection Regulations
Domestic Politics
Global Trade Developments
Central Bank Actions
Government Economic Policies
Countries:
Companies:
JPMorgan Chase & Co.
The Goldman Sachs Group, Inc.
Tesla, Inc.
Morgan Stanley
Barclays PLC
Citigroup Inc.
Wells Fargo & Company
Deutsche Bank Money Market PP
Bank of America Corporation
Amazon.com, Inc.
Apple Inc.
Microsoft Corporation
Credit Suisse Strategic Income I
NVIDIA Corporation
BNP Paribas SA
Google Inc.
Basler Kantonalbank
Commerzbank AG
Bank Cler AG
SpaceXCoin USD
Currencies:
United States Dollar
Euro
Swiss Franc
British Pound Sterling
Chinese Yuan
Indian Rupee
Japanese Yen
Canadian Dollar
Australian Dollar
Hong Kong Dollar
Mexican Peso
Danish Krone
New Taiwan Dollar
Turkish Lira
United Arab Emirates Dirham
Russian Ruble
Offshore Chinese Yuan
Omani Rial
Kenyan Shilling
Indonesian Rupiah
People: