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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.
Qatar's financial sector is rapidly evolving, driven by government initiatives like the Third Financial Sector Strategic Plan and the Qatar Fintech Strategy 2023, which aim to enhance innovation and efficiency. Key developments include a surge in digital payments, the rise of embedded finance through open banking, and advancements in blockchain technology, with the Qatar Central Bank exploring digital currency opportunities. The Qatar Fintech Hub is also fostering startup growth, with over 50 fintech companies supported and a focus on creating a fully digital economy.
Saudi Nayla Finance has raised $4 million to support micro-enterprises, while Paysky, a digital fintech leader, has been recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year. Founded in 2017, Paysky operates in 18 countries, offering innovative digital payment solutions, including the Yalla Super App, which has processed over 17 million transactions since its 2022 launch. The company continues to focus on expanding financial inclusion and driving digital transformation across emerging markets.
Saudi Nayla Finance has raised $4 million to support micro-enterprises, while Paysky, a digital fintech leader, has been recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year. Founded in 2017, Paysky operates in 18 countries, offering innovative digital payment solutions, including the Yalla Super App, which has processed over 17 million transactions since its 2022 launch. The company continues to focus on expanding financial inclusion and driving digital transformation across emerging markets.
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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
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gulf sovereign wealth assets projected to reach 18 trillion by 2030
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gulf sovereign wealth funds poised for significant growth and strategic expansion
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18:42 23.03.2025
paysky secures top fintech recognition and expands digital payment solutions in mena
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18:42 23.03.2025
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