BEIRUT: Part of the file being considered by French investigating judges who questioned fugitive former car executive Carlos Ghosn in Beirut this week should be considered invalid, his defense team said on Friday.
French judges have been holding hearings in Beirut’s Palace of Justice since Monday, in a process that Ghosn’s lawyers have called a first for justice since his arrest in Japan in 2018.
“We think based on legal opinion made by an expert that part of the file has to be declared null and void since it is tainted by the mistakes made voluntarily by the Japanese authorities,” one of his lawyers told reporters after the end of hearings.
RIYADH: Bahrain’s Investcorp Holdings will delist from the Bahrain Bourse after almost four decades due to low trading volumes, Bloomberg reported. The Middle East’s biggest alternative asset manager got approval from investors to delist, on Wednesday, allowing investors the option either to let the company buy back the stock or to remain as investors in a private entity.
Abdulrahman Abdul Aziz bin Sulaiman has been a board member and the chief executive officer of GASCO (previously the National Gas and Industrialization Co.) since January last year. It is the only company in Saudi Arabia involved in the refilling, transportation, and distribution of liquefied petroleum gas (LPG). Bin Sulaiman currently leads all of the firm’s LPG business
RIYADH: Saudi Technology Ventures (STV), the venture capital arm of Saudi Telecom, took part in 30 percent of all start-up funding rounds in Saudi Arabia and 20 percent in the wider Middle East in recent years, its CEO said. STV, founded in 2017, invested in 12 funding rounds in Saudi Arabia and the Middle East during the past nine months, compared with seven rounds during the