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musk secures deals with saudi investors for starlink and x corp refinancing

Elon Musk has secured significant deals in Saudi Arabia, including a partnership for Starlink to provide internet services to maritime and aviation sectors, and a $1.23 billion refinancing for X Corp. with the help of Kingdom Holding Company. This reflects a growing collaboration between Musk and Gulf investors, despite past tensions over Tesla and the Saudi sovereign wealth fund's involvement. Additionally, Musk's ventures have attracted investments from various Middle Eastern countries, enhancing his influence in the region.

Deutsche Bank raises Goodyear price target while maintaining buy rating

Deutsche Bank has raised its price target for Goodyear Tire & Rubber to $14 from $13 while maintaining a Buy rating. Goodyear develops, manufactures, and sells tires for various applications and operates around 950 retail outlets globally, offering products and services to both consumer and commercial customers. The company produces a wide range of tires under several brands, including Goodyear, Cooper, and Dunlop, across 53 manufacturing facilities in 20 countries.

chinese cloud providers expand in middle east challenging us tech dominance

Chinese cloud providers, including Huawei, Alibaba, and Tencent, are expanding in the Middle East, challenging US tech giants by aligning with local regulations and government priorities. They are investing in infrastructure and forming partnerships to support regional digital transformation, focusing on compliance and tailored services. This strategy, coupled with China's Digital Silk Road initiative, positions them favorably against established competitors like AWS and Microsoft.

uae and oman launch 2.5 billion rail network to enhance trade and travel

The UAE and Oman are advancing a $2.5 billion rail network to enhance trade and travel, with groundwork already underway. The 238-kilometer railway will connect key ports and industrial centers, featuring high-speed trains that reduce travel time between Abu Dhabi and Sohar to 100 minutes. This initiative aims to boost economic collaboration, create jobs, and lower greenhouse gas emissions while aligning with both nations' long-term visions for growth and sustainability.

beyond one launches frendi pay for digital payments in oman

Beyond ONE has launched FRiENDi Pay, a licensed mobile wallet service in Oman, designed to enhance digital payments and international money transfers. Catering to over 750,000 users, the platform allows for instant remittances to countries like Bangladesh, India, Pakistan, and the Philippines, as well as local transactions and bill payments. With a focus on security and user-friendly features, FRiENDi Pay is available for download on both the Apple App Store and Google Play Store, starting April 4, 2025.

swiss bank implements strict office attendance rules amid job cuts concerns

UBS has implemented a new attendance monitoring tool requiring staff to be in the office three days a week, raising concerns about its impact on bonuses and annual evaluations. Meanwhile, Neuchâtel State Councilor Céline Vara faces criticism for vacationing in Oman, highlighting the expectation for political figures to align their actions with their environmental claims. The Swiss National Council is also addressing issues like education without violence and tax discrimination against married couples in a special session.

vpbank secures record one billion dollar sustainable loan from global syndicate

VPBank has secured a record $1 billion sustainable syndicated loan, the largest ever raised by a Vietnamese bank, aimed at advancing sustainable finance in Vietnam. This landmark transaction, arranged by a consortium of global financial institutions, underscores VPBank's commitment to sustainable development and enhances its international capital access.Additionally, VPBank signed a $150 million credit line agreement with the Japan Bank for International Cooperation to finance green projects, further solidifying its role in promoting sustainable initiatives.

vpbank secures record 1 billion dollar sustainable loan from global banks

VPBank has secured a record $1 billion sustainable loan, the largest foreign syndicated loan ever arranged for a Vietnamese bank, marking a significant milestone in its strategy to promote sustainable finance. This loan, supported by major international financial institutions, underscores VPBank's commitment to sustainable development and enhances its global capital access. The funds will primarily support women-owned businesses and green projects, reflecting a strong focus on environmental, social, and governance (ESG) principles.
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