(Bloomberg) As Gulf oil wealth flows to all corners of the globe — backing mega mergers, propping up economies and upending the world of sport — moves by a key member of Abu Dhabi’s ruling family have positioned him as one of the world’s most influential dealmakers.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsWhy China Is Avoiding Using ‘Bazooka’ to Spur EconomyMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in
The Allahabad High Court recently set aside the adverse entry made in the service record of judicial officer Sunil Kumar Singh-III and directed that he be promoted with retrospective effect from UPHJS.
The recent bull run is significant because it follows a long bearish period when public shareholders questioned the profitability of these companies. The improved financial performance of tech companies is now forcing other new entrants to focus on better financials before approaching the market.