Business News

5 Middle Eastern Entrepreneurs that made a positive change in their country

From creating job opportunities to supporting community initiatives, our 5 entrepreneurs have demonstrated a level of commitment and dedication.

Mar 30, 2023

By IBT Desk

Was Social Media Responsible for the Collapse of Silicon Valley Bank?

The surge of panic that spread on social media, especially Twitter and WhatsApp, undercut all efforts to capitalize the stressed bank.

Mar 29, 2023

By Jacob J

Bishop Gold Group Is America's Number One Option For Gold IRA Investments

We understand the importance of securing your financial future, and that's why we believe in the power of precious metals as a long-term investment option.

Mar 29, 2023

By IBT Desk

China's Xi Jinping says Belt and Road Initiative needs to reject protectionism, 30 leaders agree to support

China's Belt Road Bill: Beijing Spends $240 Billion to Bail Out These Countries

Argentina received the most, with $111.8 billion, followed Pakistan on $48.5 billion and Egypt with $15.6 billion. Nine countries received less than $1 billion.

Mar 28, 2023

By Reuters

First Citizens Bank Acquires Silicon Valley Bank; $90 Billion of Securities Under FDIC Receivership

$90 billion worth of securities and other assets of SVB will remain in the receivership by the FDIC.

Mar 27, 2023

By Jacob J

Elon Musk Says He'll Give Twitter Workers Stock Awards Based on $20 Billion Valuation

In about a year, the company will offer a liquidity event in which the employees can cash out some of that equity.

Mar 26, 2023

By IANS

Jack Dorsey, CEO of Square and CEO of Twitter, speaks during an interview

Jack Dorsey Loses $526 Million on Single Day After Hindenburg Says Block Facilitates Fraud

After his worst single-day decline, Dorsey is now worth $4.4 billion, according to Bloomberg Billionaires Index.

Mar 24, 2023

By IANS

US Banks Sit on Massive $1.7 Trillion of Unrealized Losses; Fears of Contagion Spread

The academic report says that unrealized losses at US banks were at $1.7 trillion at the end of 2022 and that this amount almost equals the banks' total equity of $2.1 trillion.

Mar 24, 2023

By Jacob J

Uncovering the Mastermind Behind QuanMol Technology: Xingyu Shen

QuanMol Technology has created traction in the industry and is in active discussions and collaborations with major pharmaceutical companies

Mar 22, 2023

By IBT Desk

Fida Husain: Fixing the Endless Challenges to Global Shipping Industry

Fida Husain Shipping is much more complex than just the transportation of goods, but my legal expertise helps to overcome some of the biggest global challenges related to shipping and logistics

Mar 22, 2023

By Pro Singh

Russia Ready to Switch to Chinese Yuan in Foreign Trade, Says Putin

The latest data from the Bank of Russia shows the yuan has become a major player in Moscow's foreign trade.

Mar 22, 2023

By IANS

Believe in Yourself: The Inspiring Entrepreneurial Journey of Robert Comella

Robert Comella said If you have a dream, don't let fear hold you back. With self-confidence, hard work, and manifestation, anything is possible

Mar 22, 2023

By IBT Desk

Here's How Much Saudi Arabian and Qatari Investors Lost After Credit Suisse Crash

Gulf investors funded scandal-hit Credit Suisse, which went on to suffer huge losses owing largely due to the mismanagement of credit risk.

Mar 21, 2023

By Jacob J

Nearly 200 US Banks at Risk of SVB-Like Failure Triggered by a Bank Run - Report

The asset value erosion at Silicon Valley Bank (SVB) triggered a spate of withdrawals from uninsured depositors, which in turn created a bank run and eventual collapse of the 16th largest bank in the US.

Mar 20, 2023

By Jacob J

UBS to Buy Crisis-Hit Credit Suisse; New Entity to Control Whopping $5 Trillion in Total Assets

Credit Suisse shareholders will get 1 UBS share for every 22.48 Credit Suisse shares under the deal. The merger will be completed by the end of the year.

Mar 20, 2023

By Jacob J

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